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Travelers Car Insurance Could Be An Option You And Your Family Are Overlooking; a Detailed Comparison of them Against Other Insurers

While they’ve become known for their commercials featuring the cute, moppy-headed dog with the wry ears and cocked head, Travelers insurance has quietly made a name for itself as a leading favorite among many drivers.

The company routinely ranks well with numerous surveys and it has grown to take its place among the top ten providers in the country.

Showing policy price against top insurers.Note: When I queried for quotes for a 25 year old female driver Travelers was the most expensive at $2,243. The cheapest was Allstate at $2,008 followed by Progressive at $2,133. They are slightly higher (about 4%) than their competitors, but would be worth a 25 y/o driver to get quotes.

Comparing to other Insurers in the Same Class

Below I have itemized in a table quotes I queried for drivers aged from 25 to 55 years of age.

The reason I did this is to see how Travelers is compared through a spectrum of ages from each carrier.

The state I used to get quotes is for Rhode Island. If you do decide to get quotes for your own comparison please realize Rhode Island is one of the more expensive states for an auto policy.

I found drivers with no traffic violation Travelers is a little more expensive than other comparable insurers.

For young drivers they are competitive, but can be 10% higher than direct competitors.

Older drivers should have no issue getting a low quote or policy from them.

Particularly any which have an good or excellent driving record.

Driver ProfileTravelersProgressiveAllstateFarmersState Farm
25 y/o female$2,243$2,133$2,008$2,189$2,234
25 y/o male$2,412$2,367$2,012$2,311$2,432
30 y/o female$1,823$1,744$1,790$1,802$1,832
30 y/o male$1,898$1,833$1,849$1,867$1,902
25 y/o male (1 driving violation)$2,611$2,500$2,432$2,554$2,621
30 y/o female (1 driving violation)$2,244$2,211$2,189$2,132$2,167
40 y/o male$1,080$980$1,011$1,132$1,005
45 y/o female$867$832$830$824$794
55 y/o male$611$543$519$502$489
55 y/o female$398$467$511$437$390

If you and your family are about to renew your current premium coverage, it might be worth your time to include Travelers in your considerations.

Travelers quote price with other insurers for 30 y/o.Note: When I queried for quotes Travelers is the 4th cheapest or the 2nd most expensive at $1,898. State Farm was the only carrier higher at $1,902 for a 30 year old male driver. This was interesting since the carriers are all less than $100 in quote comparison of each other. Making all of them worth getting quotes from including Travelers.

A full package of standard selections for family’s & individuals

Like most leading providers, Travelers lets you build a policy around the standard coverage options.

You can choose from among these standard options and pick your levels and limits of coverage (keeping in mind the requirements of your state minimum coverage):

  • Bodily injury liability
  • Property damage liability
  • Collision and comprehensive (Travelers sells these as a package and you can’t get one without the other, and each one will have a separate deductible.)
  • Medical payments
  • Uninsured/underinsured motorist (again, these two are sold as a package through Travelers)

In a handful of states that have no fault laws and requirements, Travelers offers an upgrade to medical payments coverage with a full array of personal injury protection (PIP) coverage options.

Price compared with a traffic violation.Note: As I mentioned in the article Travelers is slightly higher in price when querying for drivers with a driving violation. In this instance they are the most expensive for a 30 year old female at $2,244. Farmers is the cheapest at $2,132.

Comparison of Quotes – Arizona

I decided to compare quotes of companies from a couple of states. Arizona being one of them to see how Travelers stacks up against their competitors.

For a 30 year old driver with a traffic violation Travelers was the 2nd cheapest at $789 while Esurance was the lowest quote at $687.

A family of 4 has quotes clustering between $900 and $1,100. Again, Travelers is the 2nd cheapest with Esurance offering the lowest quote.

A 55 year old with a good driving record can find low quotes between $300 and $500. The cheapest insurer for the older driver is State Farm at $335 followed by Travelers at $367.

In the state of Arizona they are competitive for drivers through a range of profiles.

When I did the quote comparison I did not take into consideration discounts.

Unless otherwise noted each driver had good driving history and fair credit.

Company30 Y/O male, minor traffic violationFamily of 4Senior 55 Y/O Married
Travelers$1,890$912$367
State Farm$1,955$1,010$335
Esurance$1,755$867$465
Farmers$1,879$1,097$437
21st Century$1,811$1,067$492

Note: Comparison was done with a 2010 Honda Accord and 2011 Toyota Camry

Comparison of Rates in Ohio

In Ohio the quotes are significantly higher than Arizona. For a 25 year old female driver Travelers is the 4th cheapest or the 2nd most expensive. However you would like to put it.

When I was comparing for younger drivers I noted Travelers is less competitive and more competitive with older drivers about 40 years and up.

Which is to be expected since they prefer less risk and not more. If so, they charge a lot more for a policy.

For a 35 year old they are the 2nd cheapest at $1,383. Farmers offered the lowest quote at $1,324 or about $60 less.

A older male driver which is married Travelers offer the lowest quote at $691.

Again I wanted to make a not that Travelers is very competitive for older drivers. Top carriers, such as them, mitigate risk by doing so. It is not so say a younger driver should not get a policy through them.

When I was querying for quotes I did discount any of them.

Unless otherwise noted each driver had fair credit and good driving history. 

Company25 Y/O Female35 Y/O Male48 Y/O, Married Man
Travelers $2,243$1,383$691
State Farm$2,234$1,514$789
Esurance$1,978$1,678$812
Farmers$2,189$1,324$712
21st Century$2,345$1,583$743

Note: Comparison was done with a 2009 Honda Civic and 2011 Toyota Camry

Attractive options for your coverage needs

In addition to the standard coverage provisions needed to build a car insurance plan, Travelers offers some options to supplement coverage that may fit nicely into your personal or family driving needs.

You can add these options to your plan:

  • GAP coverage (or what is sometimes referred to as loan/lease payoff coverage
  • Towing and labor coverage (Travelers version of a roadside assistance plan)
  • Rental reimbursement or extended travel expenses coverage

In some states, Travelers is required to add some or all of these options to any full package policy while in other states these optional plans have some limits on levels and availability.

Be sure to consult with your Travelers representative to see what’s available in your state.

Quotes price comparison for a 40 year old driver.Note: When querying for quotes there was variance over $150 for a 40 year old male driver. In this instance Travelers is the 4th cheapest at $1,080. Or $52 less than Farmers at $1,132. With such a large variance in quotes it would be smart to compare quotes from insurers. Particularly if you can find $150 or more in savings.

Travelers offers a suite of discounts for big savings

To offset the cost of your policy, Travelers offers a variety of discounts you and your family can apply for.

Some of these may seem familiar to you as most other companies offer them.

You may be surprised at some of the other discounts from Travelers, which include:

  • Safe driver advantage
  • Multi-car discounts
  • Accident forgiveness
  • Hybrid auto discounts (get up to 10 percent off your premium for driving a hybrid)
  • Multi-policy, bundling discount
  • New car discount (save if your car is less than three years old)
  • Homeowners discount
  • Pay-in-full discount
  • Buy-early discount (get a quote on a Travelers policy before your current insurer’s policy is up and you can save)
  • Good student discount
  • Driver training/defensive driving class discount
  • Student away discount (if you have a dependent child under the age of 25 attending school at least 100 miles away from home, you could save)

One other discount that also helps improve driving skills is the IntelliDrive™ program. The IntelliDrive™ discount is a voluntary program from Travelers that monitors how people drive and rewards safe driving practices with a discount.

You can also use this feature to monitor how a teen driver in your household is handling the new responsibility of driving.

Travelers compared with Progressive, Allstate, Farmers for 45 year old.Note: For a 45 year old female Travelers is the most expensive at $867 for full coverage. The variance between prices is relatively low at $73 between the lowest and the highest quote. Another reason, even for older drivers, to compare to find the most amount of savings in an auto policy.

Value and good rankings

In that most recent survey of insurers conducted by MSN/Money Magazine, Travelers earned almost 75 points on the 100-point scale, giving it an overall grade of A+.

In the survey, 66 percent of Travelers customers say they would recommend the insurer to family and friends and 74 percent say they plan to renew when current policies expire.

In the J.D. Powers & Associates/A.M. Best annual ranking of insurers, Travelers scored 86 points on its 100-point scale.

The company received high marks for financial strength and overall satisfaction from customers.

Table of Ratings

MetricRating
A.M. BestA++
Standard & Poor'sAA
NAIC1.01
BBBA+

Graph showing policy price for 5 insurers & Travelers for best price comparison. Note: This one came as a surprise with Travelers the most expensive at $611. State Farm is the cheapest at $489. This is a huge variance of $122 or nearly 20%. Again, another reason to be sure to compare quotes. I am a 55 year old driver and it would be well worth to find a huge amount of savings such as illustrated above.

Conclusion

With more than 2,000 companies in the United State licensed and registered to sell a policy, you and your family have many, many options to choose from.

It’s always a good idea to get competing quotes when the time comes to renew a policy or acquire a new one, so next time, think about adding Travelers to the mix.

(Note: this article is intended solely as an informational piece and should, in no way, be construed as a solicitation or promotion of any kind. The author has no affiliation with Travelers or any other provider.)

Jeffery Davidson

Jeffery Davidson

Jeffrey Davidson has more than 25 years of experience in the industry, from sales and marketing to product development. He currently writes on related topics for Reply!.

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