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

Quick Facts

• In general, Travelers offers slightly less expensive prices than Omni
• Omni offers cheaper average premiums for couples purchasing insurance together
• Travelers has more affordable prices for residents of urban areas

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

So, you're thinking about switching your auto insurance. You've probably seen commercials and billboards from companies offering hefty discounts, but exactly how much money can you save by switching?

You might have narrowed it down to Omni or Travelers, but between the two, which company will save you the most?

Looking at the national average rates for both companies, Travelers is about $14 per month cheaper than Omni.

That being said, that doesn't necessarily mean Travelers will be the less expensive option for every driver. Auto insurance carriers vary their premiums depending on things like how clean your driving record is, how good your credit score is, how old you are, where you live, and tons of other factors, so rates will vary quite a bit from person to person.

Wanting to know if Omni or Travelers is really the right company for you? Keep on reading to see how average premiums can change based on all of the factors we've mentioned above.

Omni or Travelers: Average Car Insurance Rates by State

Omni and Travelers only compete against each other in two states, with Travelers offering more affordable prices to the average driver in all of them. Alabama has the most noticable difference, where Travelers rates are over 50% cheaper than car insurance prices at Omni.

That being said, there's a lot more that goes into your auto insurance bill than just your home state. Keep reading to learn more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive insurance rates of any group on the road. That's because young, inexperienced drivers are statistically much more likely to get into accidents since they have less experience on the roads.

But that doesn't mean that teen drivers have to just accept sky-high auto insurance premiums. As you can see above, teens who use Travelers save more than $100 a month compared to those who use Omni. It's worth noting that Travelers offers insurance in 31 different states compared to Omni's two, which can skew the average prices a bit, but the difference here is still considerable.

However, both companies will offer you dramatically lower premiums by the time drivers turn 25. For example, average rates for Omni policyholders decrease over 70% and Travelers's prices lower more than 60% 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 cheapest rates you'll ever see.

But who has the best premiums for retired drivers between Omni and Travelers? Omni gets the slight edge here, with average rates coming in at around $132 monthly compared to Travelers's $132. Even so, the difference is only about 5%, so other factors (such as your credit score or where you live) will likely come into play when determining which carrier has the lowest prices for you.

Which is the Best Company for Married Drivers?

Did you know that insurance premiums are generally more affordable for married drivers than they are for single policyholders? That's usually because married policyholders tend to own and insure several cars, which can often earn you a discount.

When it comes to relationship status, Travelers is the clear winner for single drivers, with rates around $33 per month less expensive than Omni, on average. But for married couples, that advantage is much less clear - Omni has the edge when it comes to average premiums , but the difference is only $10.

Omni vs. Travelers: Average Rates by Gender

Men are statistically more likely than women to get into accidents and file an insurance claim, which means they'll normally end up paying more for car insurance than women.

Men typically pay about $15 a month more than women with Omni, and over $10 with Travelers.

When it comes to the most affordable prices for each gender, Travelers comes out as the lowest option for both genders, with average premiums $17 less for men and $13 cheaper for women.

Omni or Travelers: 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.

For most people, auto insurance can be pretty complicated. There are multiple different coverages that account for a bunch of 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.

That being said, most policies end up falling into two different types of coverage -- liability only (which provides bodily injury and property damage coverage for other drivers and their passengers 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 liability coverage).

In this case, Omni offers the cheapest average prices for state minimum liability insurance, while Travelers has the edge for full coverage policies with similar coverage limits. Drivers looking for basic state minimum coverage can save around $4 with Omni Insurance, while full coverage comes out to be around $35 more affordable with Travelers.

Is Omni or Travelers Better for Drivers with Spotty Records?

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

It's no secret secret that collisions and tickets lead to higher rates, but which company -- Omni or Travelers -- has the most affordable prices for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Omni policyholders can expect their rates to go up an average of $7 per month if they get a ticket, while Travelers usually raises premiums about $32 a month, on average.

However, Travelers has less expensive prices for drivers in both categories. Drivers with a clean record can save around $40 per month and drivers with a speeding ticket can save about $15 a month with Travelers.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their car insurance through Omni can expect to see around an $35 -- or about 17% -- increase in their auto insurance rates. Drivers who use Travelers for their car insurance will see a monthly bill around $45 (or 26%) more expensive after reporting an accident to their insurance carrier.

Overall, Travelers offers the cheapest premiums for drivers with an at-fault accident on their records, with monthly rates averaging $173 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 -- generally a lot more than a collision or ticket. Travelers drivers usually see a 38% climb in their insurance prices after a DUI charge, while Omni will typically raise premiums by about 6%.

Omni has the overall lowest prices for drivers with a DUI on their records at $178 a month, but it's worth noting that Travelers's average rates come from 31 states compared to just two for Omni, so the data may be skewed slightly.

How does Credit Score Impact Omni and Travelers Rates?

Often times, your credit score can be used as one of the variables to calculate your monthly auto insurance premiums. This isn't always the case (California, for example, has banned the use of credit score as a rating factor) but it will come into play for quite a few policyholders.

Car insurance carriers argue that someone with bad credit is less likely to pay their bills on time, which makes them riskier to insure. Because of that, drivers with bad credit will often be forced to pay more.

So, which company offers the cheapest rates for policyholders with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

If you have a solid credit score, you'll usually find a better deal with Travelers. Drivers with "excellent" credit can save over 25% compared to Omni, and those with "good" scores can also expect to see savings -- around $33 or 19% cheaper 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 premiums. Drivers with "fair" credit pay about $12 less with Travelers than Omni, but those whose credit is considered "poor" have it flipped -- saving around $28 per month with Omni.

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

Did you know that the amount of time you spend in your car have a sizable impact on your monthly auto insurance cost? Normally, those who drive fewer miles will end up with less expensive prices since there's less of a chance of getting into an accident and causing 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 Travelers, with policyholders who drive the least paying about $5 less every month compared to those who drive 12,000 miles yearly. Still, Travelers is the cheaper option for drivers in both categories.

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

We've already mentioned how your home state can play a role in how much you pay for insurance, but the type of area you live in can have a substantial impact as well. Typically, those who live in rural areas will pay less than policyholders in urban areas because of the small number of cars that are on the roads in those areas.

Looking at these companies side-by-side, Omni tends to offer the lowest option for drivers in rural and suburban areas, while Travelers wins in urban areas.

In urban areas, Travelers's average premiums are around 24% less than Omni Insurance. Drivers in suburban ZIP codes pay about 11% less with Omni compared to Travelers. If you live in a rural area, you can expect to save around 1% with Omni compared to Travelers.

Omni vs. Travelers 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 with what seems like a million different discounts out there, it can be challenging to nail down the company that has the most discounts for your unique driver profile and to find all the discounts you qualify for.

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

Travelers knocks Omni out of the park when it comes to the sheer number of discounts available, offering 12 more discounts than Omni.

A couple of those are overlapping for things like anti-theft discounts, group discounts, and discounts for insuring multiple cars with the same company. Travelers also offers ABS discounts, alternative fuel discounts, continuous insurance discounts, and more that Omni does not.

On the flip side, Omni has a couple unique discounts of its own -- agency transfer discounts, cellphone safety discounts, discounts for being a homeowner, and more.

Final Thoughts: Is Omni or Travelers Best for You?

So, you've seen how different factors can affect your insurance prices. We've broken down the different discounts each carrier offers, too. That's all well and good, but when it comes down to it, which insurance company is the best one for you and your specific needs?

Travelers might be best for you if....

• You are considering moving to another state -- Omni Insurance only offers policies to Alabama and Pennsylvania residents.
• You already have a great credit score.
• You have a short commute.

Omni might be best for you if...

• You live in one of the following states: Alabama and Pennsylvania.
• Your neighborhood is in a rural area.
• You are over 65 years old and want to save some money on your car insurance.

We hope this guide has ben a valuable resource as you compare Omni and Travelers and that you can now make a more informed decision when it comes to your auto insurance.

But, at the end of the day, there's only one way to know for sure that you're getting the best possible deal on insurance -- comparing quotes from several carriers, not just Omni and Travelers. Luckily, sites like Compare.com do all the hard work for you. Simply enter your ZIP codes below and get free quotes from dozens of top auto insurance companies in your area, all in just a few minutes.

Omni vs. Travelers FAQs

Is Omni or Travelers cheaper?

Looking just at the national average premiums, Travelers is the more affordable of the two carriers, offering average rates of $167 a month compared to $181 for Omni. But Travelers won't necessarily be the cheapest carrier for each policyholder, since there are many different variables that come into play when it comes to your car insurance payment.

Who is better, Omni or Travelers?

Unfortunately, the real answer is "it depends.". No single company is necessarily "better" for every driver -- it all boils down to your unique insurance profile. For example, Travelers offers less expensive rates for single drivers, while Omni is cheaper for drivers who have already retired.

Why do Omni and Travelers offer me different rates?

Car insurance companies take a look at lots of different factors when calculating the prices they charge policyholders. Things such as where you park your vehicle, gender, age, where you live, and sometimes even things like your credit score can all be taken into consideration. Both Omni and Travelers calculate rates differently, so each one will most likely offer different premiums. The only real way to see which carrier is the lowest for you is by comparing personalized quotes from a range of different carriers.

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

The only way to find the auto insurance company that's right for you is by getting quotes from a handful of companies and finding the one best suited for your individual budget. Luckily, Compare.com makes it easy for you to do just that. Just enter your ZIP code and you'll get free quotes from dozens of the best car insurance carriers in your area. That way, you can guarantee you're getting the best price. And who knows, the best carrier for you might not be Omni or Travelers 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.