Travelers car insurance rates tend to be low due to a variety of discounts and pricing practices that typically provide good rates for low-risk drivers.

Written by Jessica Barrett

Edited by Kiana Justice

Updated on Jan 31, 2024

Jump to:

Why is Travelers car insurance so cheap?
Does Travelers have the cheapest rates for you?
FAQs

Travelers

is known for offering competitive

car insurance

rates, and they may be lower than other companies due to discount availability and individual factors like your location, vehicle type, and good driving history.

Why is Travelers car insurance so cheap?

Travelers auto insurance rates tend to be low due to a combination of discounts and pricing practices that typically provide good rates for low-risk drivers.

Travelers car insurance discounts

Travelers offers at least 12 different car insurance discounts that are stackable and can significantly lower your insurance costs. Here’s a rundown of them:

Driver-based

Safe driver

Home ownership

Good student

Student away at school

Driver training

Policy-based

Multi policy (e.g.,

bundling auto and renters or homeowners insurance

)

Multi vehicle

Continuous insurance

EFT,

pay in full,

good payer

Early quote

Vehicle-based

Hybrid/electric car

New car

Travelers also offers IntelliDrive, which is a

telematics insurance program

that tracks your driving for 90 days. You can earn a discount at policy renewal if you display safe driving habits, but you might end up paying more if you engage in risky driving behaviors.

To determine your eligibility, contact your insurance agent and ask about discount offers and parameters.

Learn more:

How to score the best car insurance discounts

Other factors impacting Travelers policy pricing

Discounts are just one of the factors that can impact your insurance premium. While each company uses a different formula to

calculate car insurance rates

, most insurance providers consider a multitude of factors:

Age and sex

Location

Driving record

Types and amount of insurance coverage

Credit score and history

Annual mileage

Vehicle type

Intended use

Discount eligibility

Your driver profile plays a significant role in how much you pay for both liability coverage and full coverage options. You can expect some of the lowest auto insurance rates from Travelers if you:

Are between the ages of 25 and 75

Have a

clean driving record

Live in a low-risk zip code

Drive a lower market value vehicle (sports cars and luxury vehicles cost more to insure)

Have no insurance claims history

Don’t have any insurance lapses

Does Travelers have the cheapest rates for you?

Since your final insurance premium depends on a variety of factors, the only way to know whether Travelers has the cheapest rate for you is to

compare car insurance quotes

from multiple providers.

If you’re shopping for an auto insurance policy with Jerry, you can see a curated list of the best rates from over 55 providers in about a minute.

You can adjust your coverage limits, deductibles, and add-ons right in the app and once you’ve settled on a policy, you can finalize the rate and activate it with a quick tap (or schedule it up to 30 days in advance).

FAQs

Is Travelers a reliable insurance company?

Travelers is known for its reliability and has a long-standing history in the insurance industry. Currently, it holds a 0.11 score with the National Association of Insurance Commissioners (NAIC), meaning it has received less complaints than other car insurance companies of a similar size.

Is Travelers insurance good about paying claims?

Generally, Travelers has a good reputation for handling and paying out claims to policyholders. The company received a 864 ranking out of 1,000 for its claims process in the latest J.D. Power customer satisfaction study and an A++ financial strength rating from A.M. Best’s insurance review.

Who is cheaper than Travelers insurance?

Since rates vary widely depending on the driver profile, vehicle, and other factors, no one insurance company is consistently the cheapest. Comparing rates from multiple providers is the only way to determine which insurer offers the cheapest premium for you.

Is Travelers owned by GEICO?

GEICO does not own Travelers.

Does Travelers cover medical expenses?

If you have medical payments coverage (MedPay) or personal injury protection (PIP) as part of your car insurance policy, Travelers may cover medical expenses for you and your passengers, even if an accident was at-fault.

What are some of the benefits of Travelers insurance?

Benefits include various discounts, flexible coverage options, and reliable claim service.

What are the best rates for Travelers insurance?

The average rate for a full coverage policy with Travelers is around $1,794, but rates vary significantly based on your demographics, driving history, and vehicle so you may find that your quote is above or below the average.

Is it cheaper to buy Travelers insurance online?

Getting an online quote through the mobile app or Jerry, and finalizing your policy before your existing coverage ends can net you the best possible rate—and an early quote discount from Travelers.

Are Travelers’s low rates just introductory prices that will increase later?

While some rates may be promotional, Travelers is known for offering consistent pricing.

What is the difference between Travelers and GEICO?

Both Travelers and GEICO sell auto insurance and other insurance options, but they have different discount selections and offer some different types of coverage for auto and home insurance policyholders.