In this study, multi-layered composite overwrapped pressure vessels for high-pressure gaseous storage were designed, modeled by finite element method and manufactured by filament winding technique. 34CrMo4 steel was selected as a load-sharing metallic liner. Glass and carbon filaments were overwrapped on the liner with a winding angle of [±11°/90°2]3 to obtain fully overwrapped composite reinforced vessel with non-identical front and back dome endings. The vessels were loaded with increasing internal pressure up to the burst pressure level. The mechanical performances of pressure vessels, (i) fully overwrapped with glass fibers and (ii) with additional two carbon hoop layers on the cylindrical section, were investigated by both experimental and numerical approaches. In numerical approaches, finite element analysis was performed featuring a simple progressive damage model available in ANSYS software package for the composite section. The metal liner was modeled as elastic–plastic material. The results reveal that the finite element model provides a good correlation between experimental and numerical strain results for the vessels, together with the indication of the positive effect on radial deformation of the COPVs due to the composite interlayer hybridization. The constructed model was also able to predict experimental burst pressures within a range of 8%. However, the experimental and finite element analysis results showed that hybridization of hoop layers did not have any significant impact on the burst pressure performance of the vessels. This finding was attributed to the change of load-sharing capacity of composite layers due to the stiffness difference of carbon and glass fibers.