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Geico and Progressive are better than Travelers, based on factors like average premiums, number of discounts available, and customer service record. Of the 10 largest car insurance companies, only Geico and USAA are cheaper than Travelers, on average.
Travelers vs. Popular Alternatives
Note: Average premiums are based on drivers in California with minimum coverage. Actual rates will vary.
Travelers Pros & Cons
Pros
- Great coverage options.
- Accident and violation forgiveness.
- Discount for hybrid cars.
- Online claims filing.
- Easy-to-navigate website.
Cons
- Complaints about high premiums.
- Average customer service and claims support.
- Limited availability for ridesharing coverage.
For more information about how Travelers compares to its competitors, check out WalletHub's full Travelers review.
This answer was last updated on 03/27/24 and it was first published on 09/19/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
Cons
- Complaints about high premiums.
- Average customer service and claims support.
- Limited availability for ridesharing coverage.
For more information about how Travelers compares to its competitors, check out WalletHub's full Travelers review.
People also ask
To cancel Travelers insurance, the policyholder must call a representative at 1-800-842-5075, cancel by mail, or cancel in person. You will need to provide basic information about yourself, your Travelers policy number, and the date you would like your policy to end. Travelers may also ask for the details of your new car insurance policy to verify you won't be driving without insurance. If you've already paid your premium for the policy period in full, Travelers will...
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The best way to get cheaper car insurance is to compare quotes from multiple companies and then switch to whichever insurer offers the coverage you want at the cheapest rate. Other ways to get cheaper car insurance include taking advantage of discounts, improving your driving record, and raising your credit score.
10 Ways to Get Cheaper Car Insurance
1. Compare quotes every 6-12 months.
Every car insurance company calculates premiums slightly differently,...
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Travelers is so cheap because the company offers a wide variety of discounts that almost anyone can get. A minimum coverage policy from Travelers costs an average of $74 per month, and Travelers premiums can be made even cheaper by taking advantage of discounts such as continuous insurance discount and paid-in-full discount. Plus, Travelers rewards customer loyalty with discounts for insuring more than one car and bundling multiple policies, such as home and auto.
Average...
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FAQs
GEICO scores higher than Travelers in most areas, including The Zebra's own editorial review and our annual Customer Satisfaction Survey, which you can see in more detail below.
How does traveler's insurance compare to other companies? ›
Travelers is among the more affordable providers out there with rates 20% lower than the national average for full coverage, according to our rate averages. While minimum liability coverage is typically closer to the average, you can find particularly low rates for comprehensive plans.
What insurance company is most reliable? ›
The best car insurance companies in 2024
| Insurance company | Best for | |
|---|
| Geico | Best overall | Check availability |
| Progressive | Best for high-risk drivers | Check availability |
| Safeco | Best for added perks | Check availability |
| Auto-Owners | Best for coverage on a budget | Check availability |
6 more rowsTravelers earned 5 stars out of 5 for overall performance. NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account consumer experience, complaint data from the National Association of Insurance Commissioners and financial strength ratings.
Is Travelers the biggest insurance company? ›
The Travelers Companies, Inc., commonly known as Travelers, is an American insurance company. It is the second-largest writer of U.S. commercial property casualty insurance, and the sixth-largest writer of U.S. personal insurance through independent agents.
Are Travelers good at paying claims? ›
The company scored 860 out of 1,000 points and is ranked sixth in the largest insurers category in the J.D. Power 2021 U.S. Insurance Shopping StudySM. Travelers also holds an A++ (Superior) financial strength rating from AM Best, which shows its ability to pay out claims on time.
Is Travelers owned by Geico? ›
For instance, customers can buy Travelers' homeowners and condo insurance policies from the Geico Insurance Agency. Travelers Insurance is owned by its shareholders, as it is publicly traded, and it does not have a parent company. On the other hand, Geico is a separate company that is owned by Berkshire Hathaway.
Who is the #1 insurance company in the USA? ›
State Farm is the largest auto insurance company in the U.S. based on written premium, or the total amount it bills customers. Progressive is the second-largest car insurance company, followed by Geico and Allstate.
What insurance company has the best customer satisfaction? ›
Best Car Insurance Companies of July 2024
| Best car insurance category | Company winner |
|---|
| Best insurance company for discounts | Amica |
| Best insurance company for customer satisfaction | State Farm |
| Best regional insurer | NJM |
| Best insurance company for military members | USAA |
5 more rows4 days ago
Best Health Insurance Companies for July 2024
- Best Overall: Blue Cross Blue Shield.
- Highest Quality Plans: Kaiser Permanente.
- Most Health Management Programs: Oscar.
- Best for Same-Day Care: Aetna CVS Health.
This can provide financial protection in cases of covered trip cancellations, unexpected medical expenses while traveling and costs incurred due to baggage delays, loss or theft. When should you buy travel insurance?
Does traveler's insurance go up after a claim? ›
If you file a claim and we make a payment, it is very likely that your rate will increase at renewal. Because of the incident, you're likely to pay a higher rate for three to five years.
Which company owns Travelers Insurance? ›
Travelers is owned by its shareholders, as it is a publicly traded company.
How does Travelers insurance compare to other companies? ›
Travelers Is Cheaper for Minimum Coverage
Travelers' rates for minimum coverage are 6% less than the national average and 10% less than Nationwide's average rates. Nationwide's rates for minimum coverage are slightly higher than the national average.
Who typically has the cheapest insurance? ›
USAA, Nationwide, Travelers, Erie, Geico and Progressive are the cheapest car insurance companies nationwide, according to our analysis.
What type of insurance is Travelers? ›
Our innovation and expertise have made us an industry leader in personal, business and specialty insurance. We're also the only property casualty company in the Dow Jones Industrial Average.
Which company owns Travelers insurance? ›
Travelers is owned by its shareholders, as it is a publicly traded company.
Why should you get Travelers insurance? ›
This can provide financial protection in cases of covered trip cancellations, unexpected medical expenses while traveling and costs incurred due to baggage delays, loss or theft. When should you buy travel insurance?
Does travel insurance really pay? ›
If your trip is canceled for a covered reason, a policy will often reimburse airline tickets, hotel rooms, rental cars, tours, cruises and other prepaid, non-refundable expenses.
Does Travelers insurance go up after a claim? ›
If you file a claim and we make a payment, it is very likely that your rate will increase at renewal. Because of the incident, you're likely to pay a higher rate for three to five years.
