Our take

Travelers Insurance scores very highly in several categories that matter most to drivers, including low rates, few complaints filed with the National Association of Insurance Commissioners (NAIC) and financial stability. 

It rated just a little under average in the 2024 J.D. Power auto claims satisfaction survey but has ranked well in the past. Travelers is a big company with a solid financial footing that’s a good bet for most drivers since it’s available in all states. It’s No. 3 ranking in our Best Car Insurance Companies of 2024 list indicates it’s a good choice.

States where Travelers offers coverage

Available in all states.

What does Travelers auto insurance cover?

Travelers offers a full range of car insurance policies to meet most drivers’ needs, and can also bundle your home insurance and other policies.

All primary car insurance coverage options are available:

• Liability
• Collision
• Comprehensive
• Personal injury protection (PIP) and medical payments (MedPay)
• Uninsured and underinsured motorist coverage

Additional coverage offerings:

• Loan/lease gap
• Rental reimbursement
• Roadside assistance
• New car replacement
• Accident forgiveness
• Rideshare coverage

How does Travelers insurance rank?

Compared to its largest competitors Travelers ranks among the best, particularly on cheaper rates, a good track record with the NAIC and financial stability. It ranked third overall in our study of the top 15 national car insurance providers. The company did not rank in the top half of the 2024 J.D. Power customer satisfaction survey but finished among the top choices overall in our ranking.

Here's a look at how it compared to a selection of competitors.

*The lower a company’s score, the fewer the number of complaints filed with the NAIC. A score higher than 1.0 means it had a higher-than-average number of complaints.

How much is Travelers auto insurance?

Travelers isn’t the cheapest auto insurance provider we surveyed – that honor went to Erie Insurance. But unlike Erie, it is widely available across the country and ranked fourth overall for lowest rates.

The average full coverage rate for a 40-year-old driver is $1,606 per year or $134 per month. That’s ower than most national carriers, including Geico at $1,763.

Here is a comparison of rates with several Travelers’ competitors. Premiums are based on full coverage insurance at 100/300/100, with a $500 collision/comprehensive deductible.

Travelers car insurance rates by state

Where you live is a major factor in what you pay for car insurance.

Car insurance rates by state vary, Some states have considerably higher insurance rates because of frequent hail events, flooding, higher litigation costs and other factors.

Drivers in New York and California pay some of the highest rates for Travelers auto insurance while those in Maine and Pennsylvania will get some of the best deals.

Here’s a sample of rates from selected states for a 40-year-old driver.

Travelers insurance rates for teens

As is the case with practically all insurers, teenage drivers will pay some of the most expensive rates for car insurance with Travelers. The average cost of teen car insurance with Travelers is $4,834 a year.

Here’s a comparison of the rates a teenage driver can expect to pay annually with Travelers versus those for older drivers.

Travelers insurance rates for adults

While teens will pay some of the highest rates of their driving years, the good news is that as you age, you will see a steady decline in insurance premiums. Only the oldest of drivers will see that trend reverse.

While it can vary slightly by insurance company adults will see pay some of their cheapest rates at around the age of 60. With Travelers, the cheapest rates come a bit younger, around 55, when rates average $1,462 a year for a male driver and $1,419 for a female.

Here’s what adults can expect to pay annually for full coverage car insurance with Travelers at various ages.

Travelers insurance rates for seniors

Rates tend to creep up again for senior drivers, as the risk of an accident increases due to age-related issues such as slower reflexes and changes in eyesight.

Rates generally begin to increase as you reach 65, but it will not be nearly as steep as the rates you saw in your teens. The average cost of a Travelers policy at age 65 is $1,466 a year for a male and $1,414 for a female.

Here’s what a senior driver can expect to pay annually with Travelers at various ages.

Travelers insurance rates by driver profile

Insurance companies are very good at crunching numbers and have extensive risk profiles of drivers at every age, stage of life, and gender. 

Because it increases the risk of a claim, insurance companies look at things like whether you have any speeding tickets on record or at-fault accidents. Those with a generally poor driving record can expect to see the sharpest premium increases. Poor credit is also associated with a higher risk of claims, so insurers charge higher rates.

Here’s a look at what drivers with common negative marks on their profiles can expect to pay for full coverage insurance with Travelers. The highest rates are seen for people with poor credit.

Travelers insurance discounts

Aside from shopping around, one of the best ways to lower your insurance premiums is to see if you are eligible for discounts.

Carriers generally offer discounts for a wide range of items such as bundling insurance policies with the same carrier, installing safety devices in your vehicle, using driver monitoring (or telematics) programs and belonging to various professional, trade or alumni associations.

The discounts can range from 5% up to as much as 30%. Sometimes you can qualify for multiple discounts.

Travelers offers a good selection of auto insurance discounts to clients including the following:

• Multi-policy
• Multi-car
• Homeownership
• Safe driver
• Continuous insurance discount
• Hybrid/electric car discount
• New car discount
• EFT/good payer/pay in full discount
• Early quote
• Good student
• Student away at school
• Driver training course

Sources & Methodology

Methodology 

Insurance.com editors in 2024 collected rates from Quadrant Information Services for a 40-year-old male and female driving a 2023 Honda Accord LX for state minimum coverage, liability only with 50/100/50 limits and a full coverage insurance policy with limits 100/300/100 and $500 comprehensive and collision deductible. Rates were gathered for multiple driving records and different credit levels. The rates presented are the average of rates for males and females. We analyzed 53,409,632 quotes, 34,588 ZIP codes and 170 insurance companies nationwide.

Source

Travelers. “Car insurance discounts.” Accessed August 2024.

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