Why is Travelers home insurance so cheap?

I was talking to a friend last night about home insurance, and I couldn’t believe how much less he pays for his policy, compared to mine. He has Travelers. Why is his Travelers home insurance policy so cheap?

Rachel Rigolino · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
has a good reputation for offering low cost insurance products, including
car insurance
and homeowners insurance policies—especially if you take advantage of Travelers’ many discounts.
Specifically, Travelers offers policy discounts such as these:
  • Bundling discount: You can save up to 12% for
    your homeowners insurance with car insurance or another policy.
  • New home and new policy discount: If you bought your house within the past 12 months and are applying for a new policy with Travelers, you’ll receive a discount.
  • Security discount: When you install protective devices such as home security systems and water sensors, your rate will be discounted.
  • Green home discount: Having your home certified as a “green home” by the Leadership Energy and Environment Design (LEED) group can earn you a lower rate.
  • Claims-free discount: If you haven’t filed a claim recently (or at all), Travelers will give you a discount on your policy.
Pro tip: If you’re unhappy with what you currently pay for home insurance, you can always
request a quote
from Travelers. Most carriers can provide you with an estimated rate based on your specific insurance needs—and comparing quotes from multiple carriers can help you secure the lowest price possible.  
View full answer 
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.

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