Nationwide vs. Omni: Which Company is the Best Fit for You?

Quick Facts

• In general, Nationwide offers slightly less expensive premiums than Omni
• Nationwide offers more affordable prices for drivers who have an at-fault accident on their record
• Omni has cheaper rates for drivers with a DUI charge on their record

Nationwide vs. Omni: Which Company has the Cheapest Car Insurance?

Are you considering a new insurance policy? You've probably seen commercials and billboards from companies offering pretty big discounts, but exactly how much money can you save by switching?

You might have narrowed it down to Nationwide or Omni as your top options, but between the two, which company will save you the most?

As you can see, Nationwide is about $11 per month more affordable than Omni when looking at the national average rates for auto insurance.

However, that doesn't necessarily mean Nationwide will be the cheaper option for every driver. After all, car insurance companies can offer drastically different rates to each driver depending on rating factors like where you call home, your driving record, your credit score, or even your age (among other things), so prices will vary quite a bit from person to person.

So, if you want to find out which of Nationwide or Omni is really the best for you, keep reading to see average premiums for each carrier broken down by a range of different rate factors.

Nationwide or Omni: Average Car Insurance Rates by State

Nationwide and Omni only compete against each other in two states, with Nationwide offering less expensive prices to the average driver in all of them. If you live in Alabama, Nationwide is the more affordable of the two carriers when looking at the overall average rates. Omni is the cheaper option in Pennsylvania.

There are plenty of other factors that go into your insurance bill than just your home state. Continue reading to see how other factors will affect your rates.

Which is the Best Company For Young Drivers?

You might already know that teen drivers generally pay a lot more for auto insurance than any group on the road. That's because young, inexperienced drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

But still, even with seemingly sky-high premiums, teen drivers can still find ways to save money. For example, 18-year-old drivers pay an average of more than $90 less a month by choosing Nationwide over Omni. It's worth noting that Nationwide offers insurance in 34 different states compared to Omni's two, which can skew the average rates a bit, but the difference here is still considerable.

But both companies will offer you dramatically lower prices once you turn 25. For example, average premiums for Nationwide policyholders lower nearly $250 and Omni's prices drop around $350 over that time.

Which is the Best Company for Retired Drivers?

When it comes to car insurance, patience and experience pay off, with drivers around retirement age paying some of the lowest rates you'll ever see.

So, which company offers the best premiums to retired drivers? Nationwide gets the slight edge here, with average rates coming in at about $125 monthly compared to Omni's $132.

Which is the Best Company for Married Drivers?

You may not be aware, but auto insurance prices tend to be more expensive for single drivers than they are for married couples. This usually boils down to married drivers having more than one car on their policy -- something a lot of car insurance carriers will reward with discounts.

When it comes to relationship status, Nationwide is the winner for single policyholders, with premiums around $22 per month more affordable than Omni, on average.

Nationwide vs. Omni: Average Rates by Gender

You may not know, but insurance is normally cheaper for women than it is for men. This is because men are more likely to get into accidents and get speeding tickets, which increases the chances of an insurance claim.

On average, men see rates over $10 a month higher with Nationwide, and about $15 more with Omni.

When it comes to the cheapest premiums for each gender, Nationwide comes out on top for both men and women. On average, women save about $10 per month and men save around $13 with Nationwide compared to the average Omni policyholder.

Nationwide or Omni: Compare State Minimum vs. Full Coverage Rates

*State minimum value indicates liability-only policies at each state's minimum bodily injury and property damage (BI/PD) limits

**Full coverage indicates state minimum BI/PD limits with collision and comprehensive coverages added to policy.

Auto insurance can be a complicated subject for most people. There are a bunch of different coverages that account for several different things. Some protect you and your vehicle, while others only provide coverage for other people's property and health if you cause an accident.

Even so, the most common policies that many drivers look at fall into two categories -- liability only (which provides bodily injury and property damage coverage for other drivers if you cause a collision) and full coverage (which includes comprehensive and collision coverages that protect your own vehicle, in addition to what you get with a liability policy).

In this case, Omni offers the most affordable average prices for state minimum limits for liability insurance, while Nationwide has the edge for full coverage policies with similar coverage limits. Drivers looking for basic state minimum coverage can save around $10 with Omni Insurance, while full coverage comes out to be about $30 less expensive with Nationwide.

Is Nationwide or Omni Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their car insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

You'll probably end up paying more with tickets and accidents on your record, but which of these two companies offers the cheapest premiums to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Nationwide policyholders can expect their prices to go up an average of $24 a month if they get a ticket, while Omni usually raises rates around $7 per month, on average.

That being said, Nationwide tends to offer the best prices for both drivers who have clean records and those with a recent speeding ticket, offering premiums that are $43 and $26 more affordable, respectively, compared to Omni Insurance.

Which Company is Best for Drivers After an Accident?

Nationwide policyholders who get in an accident can expect to see their rates rise by just under 30%, while those who have insurance through Omni will see about a 15% increase.

Overall, drivers who use Nationwide end up with the cheaper prices after an accident, with monthly prices averaging $178 compared to Omni Insurance's $203.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge, you can expect some pretty significant increases in your monthly auto insurance bill -- typically a lot more than a collision or ticket. Nationwide drivers usually see a 46% climb in their insurance rates after a DUI charge, while Omni will generally increase premiums by around 6%.

Omni has the overall lowest prices for drivers with a DUI on their records at $178 per month, but it's worth noting that Nationwide's average rates come from 34 states compared to just two for Omni, so the data may be skewed slightly.

How does Credit Score Impact Nationwide and Omni Rates?

Did you know that many auto insurance carriers take your credit score into account when calculating premiums? This isn't always the case (for example, California and Michigan are two states that ban the practice entirely), but it might come into play for several drivers.

Insurance companies argue that those with poor credit scores are less likely to pay their bills on time every month, which increases the risk involved on their end, while the opposite is true for those with good credit.

So, which carrier offers the best rates for policyholders with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

If you have great credit, you'll usually find a better deal with Nationwide. Drivers with "excellent" credit can save just under 20% compared to Omni, and those with "good" scores can also expect to see savings -- about $22 or 13% less expensive each month.

Which Company is Best for Drivers with Bad Credit?

If you have less-than-perfect credit, it can be somewhat of a toss-up as far as which company offers you the best prices. Drivers with "fair" credit pay around $6 less with Nationwide than Omni, but those whose credit is considered "poor" have it flipped -- saving about $12 a month with Omni.

Is Nationwide or Omni Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a sizable impact on your monthly car insurance cost. That's because the more miles you put on your car each year, the more likely you are to get into an accident and cause an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Omni charges. However, there's a small difference in monthly rates for Nationwide, with drivers who put 6,000 miles on their vehicle yearly paying around $1 less every month compared to those who drive 12,000 miles annually. Still, Nationwide is the cheaper option for drivers in both categories.

Nationwide vs. Omni: Compare Rates for Urban, Suburban, and Rural Drivers

Where you call home can have a substantial impact on your monthly auto insurance payment. Usually, policyholders who live in heavily-populated urban areas will pay quite a bit more than rural drivers due to the number of cars that are on the roads in those areas.

Looking at these carriers side-by-side, Omni typically comes out as the more affordable option for drivers in rural and suburban areas, while Nationwide wins in urban areas.

If you live in a rural area, you can expect to save about $17 with Omni compared to Nationwide. Drivers in suburban ZIP codes pay around $16 less with Omni compared to Nationwide. In urban areas, Nationwide's average rates are about $68 less than Omni Insurance.

Nationwide vs. Omni Discounts

You want to save as much money as possible, right? The best way to do that is by taking advantage of as many car insurance discounts as you can.

But where do you even start? With so many discounts out there, it may seem challenging to find all the of the ones you're eligible for.

In the table below, we've taken a look at all of the different discounts Nationwide and Omni offer their customers so that you can see which one can save you the most money each month.

Nationwide knocks Omni out of the park when it comes to the sheer number of discounts available, offering 22 different discounts to Omni's 13.

There are a couple discounts both companies offer, but Nationwide also offers distant student discounts, driver training discounts, EFT discounts, and more that Omni does not.

On the flip side, Omni has a couple unique discounts of its own -- cellphone safety discounts, discounts for insuring multiple cars with the same company, non-owner discounts, and more.

Final Thoughts: Is Nationwide or Omni Best for You?

You've seen the role certain variables have on your insurance and the different discounts carriers offer. But, at the end of the day, is Nationwide or Omni the best carrier for you and your specific driver profile?

Nationwide might be best for you if....

• You have a clean driving record, free of collisions, tickets, or DUIs.
• You're looking for discounts -- Nationwide has the most.
• You have a short commute.

Omni might be best for you if...

• You like the personalized touch of a small, local carrier.
• You want basic car insurance coverage at the state minimum limits.
• Your neighborhood is in a rural area.

We hope this guide helps you get a better idea of the difference between Nationwide and Omni and that it aids in making a more informed decision about your auto insurance.

At the end of the day, the best way to make sure you're getting the best deal on your insurance policy is to compare quotes from several companies, not just Nationwide and Omni. Luckily, sites like Compare.com do all the hard work for you. Just enter your ZIP code below and get free quotes from dozens of the top auto insurance carriers in your area, all in just a few minutes.

Nationwide vs. Omni FAQs

Is Nationwide or Omni cheaper?

Looking just at the national average premiums, Nationwide is the cheaper of the two companies, offering average rates of $170 per month compared to $181 for Omni. But Nationwide won't necessarily be the cheapest company for everyone, since there are multiple different factors (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, Nationwide or Omni?

Unfortunately, the real answer is "it depends.". Neither carrier is "better" for everyone -- it all comes down to what your unique car insurance profile looks like. For example, Nationwide offers less expensive prices for policyholders with an at-fault collision on their record, while Omni is cheaper for drivers who have less-than-stellar credit scores.

Why do Nationwide and Omni offer me different rates?

Insurance carriers take a look at lots of different variables when determining the rates they charge drivers. Factors such as age, your driving record, where you park your vehicle, gender, and sometimes even things like your credit score can all come into play. Both Nationwide and Omni use different formulas, so each one will most likely offer different prices. The only real way to see which company is the lowest for you is by comparing personalized quotes from a variety of different companies.

How do I know if Nationwide or Omni is right for me?

The only way to find the car insurance carrier that's right for you is by getting quotes from multiple carriers and finding the one best suited for your individual budget. Luckily, Compare.com does all the hard work for you. Just enter your information once and you'll get free quotes from dozens of the best auto insurance companies in your area. That way, you can guarantee you're getting the most affordable premium. And who knows, the best company for you might not be Nationwide or Omni at all!

Methodology

All of the data referenced in this article has been gathered in collaboration with Quadrant Information Services. We analyzed more than 2.5 million rows of carrier-reported data to calculate the average rates referenced above. All rates are based on an insurance profile of a single-vehicle policy for a driver that owns a 2016 Honda Accord. For more information on how we calculate rates, please reference our data methodology.