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Travelers Insurance Review

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Eric Stauffer is a former insurance agent and banker turned consumer advocate. His priority is to help educate individuals and families about the different types of insurance they need, and assist them in finding the best...

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UPDATED: Oct 30, 2019

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Key InfoProvider Specifics
Year Founded1853
Current ExecutivesAlan D. Schnitzer
(Chairman and CEO)
Jay S. Benet
(Vice Chairman)
Number of Employees30,000 employees
13,000 independent agents
Net Income (2018)
Total Assets
$2.5 Billion
$103.5 Billion
Headquarters Address485 Lexington Ave.
New York, NY
10017
Phone Number1 (800) 842-5075
WebsiteTravelers.com
Premiums Written (2017)$4,396,705,000
Loss Ratio (2017) 66.60%
Best ForBundling
Personal relationship with agent
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Insurance. If you drive, you have to have it. And really, that’s a good thing.

Ideally, you’ll never have to use your insurance, but realistically, at some point, you probably will. Since most of us aren’t independently wealthy, a major accident could devastate our financial situation.

Paying a little for insurance every month will provide you the financial protection you need if you face significant vehicle damage or injury.

You don’t want to overpay for insurance coverage, though. At the same time, you don’t want a low-cost, low-budget company who can’t pay its customers claims. What you want is a company that balances premiums and customer service and provides fair settlements.

We’ll examine how Travelers stands up to the competition.

Travelers’ red umbrella has symbolized the company’s commitment to protecting its customers when they need it. By the time you finish this review, you’ll have a pretty good idea if Travelers’ protection is worth your consideration.

Travelers Consumer & Financial Ratings

Ratings can tell you a lot about a company so it’s important you investigated the major rating sites for company financial ratings and consumer ratings to find out what works best for you.

AM Best Rating – A++

AM Best offers the gold standard of financial ratings. An A++ rating indicates a superior financial standing.

What does that mean for you, as a consumer? It means that Travelers has shown consistent wise use of assets and will have the ability to pay your claim, even if you make a claim with thousands of other customers following a natural disaster.

Better Business Bureau – A+

The Better Business Bureau (BBB) has ratings on many different local Travelers offices. If you want to find out how the office you would work with is rated, simply search the BBB website for the Travelers office in your city.

For this rating, we looked at the largest office, located in Hartford, CT. They received the BBB’s highest rating of A+. The BBB determines a company’s grade based heavily on customer complaints and how the company handles them.

Moody’s – A2

Moody’s assigns scores based on financial stability, similarly to the ratings AM Best assigns. An A2 rating indicates the Travelers has solid financial footing with a stable outlook.

Travelers has been around for a long time and their finances are in good shape to continue a long time.

S&P – AA

Travelers gets another stellar rating, this time from S&P. This is a financial rating and indicates a solid standing and positive outlook.

NAIC Complaint Ratio – 0.09

The median insurance company has a complaint ratio of 1.0. The fact that Travelers’ ratio is not even 10 percent of that indicates that their customers have far fewer complaints than customers of most other companies.

This matters to you because if fewer people are complaining, it’s because most people have nothing to complain about. If you have to make a claim with your insurer, you want the process to be as easy and pain-free as possible.

Having to file a complaint on top of making a claim is a hassle you’d like to avoid.

Consumer Affairs – 2 out of 5 Stars

Where did this rating come from? Travelers has earned high ratings from the other agencies so far. Consumer Affairs bases their ratings on customer reviews. Travelers had 53 customer reviews posted this year on Consumer Affairs, and clearly, most of them were negative.

JD Power – 3 out of 5 Stars for Claims Satisfaction

JD Power compiled data from customers regarding claims satisfaction. Travelers performed “about average” coming in eighth out of 23 companies in the survey. Out of a possible 1000 points, they got 866 which put them right after The Hartford and ahead of State Farm.

Here is a summary of all the ratings listed above:

AgencyRating
AM BestA++
Better Business Bureau (Hartford, CT - Travelers' largest office)A+
Moody'sAa2
S&PAA
NAIC Complaint Index (2017)0.09 (below the national average of 1.0)
JD Power3 out of 5 stars for overall claims satisfaction
Consumer Affairs2 out of 5 stars based on 56 ratings
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Travelers’ History

In 2004, Travelers Insurance Group and Saint Paul Fire and Marine Insurance Company merged to form St. Paul Travelers. After some drama and broken promises, “St. Paul” was dropped and the company became known just as Travelers.

Saint Paul Fire and Marine was founded in 1853 and Travelers (later Travelers Insurance Group), a company offering insurance to railroad travelers, began in 1864. Present-day Travelers proudly traces their history back to 1853.

A lot has happened in the 160+ years since Saint Paul Fire and Marine sold its first policy. What’s most relevant to consumers today is how Travelers has been performing for the past few years.

Let’s check out their recent growth, first.

Market Share

Travelers insurance market growth

As you can see, Travelers has been maintaining a slow and steady growth in private passenger auto in regards to market share. In such a competitive market, this growth is a very good sign of company stability.

In fact, Travelers moved from the 10th largest provider of insurance for private passenger automobiles to the ninth largest in 2017.

Travelers Agents

Travelers uses a network of nearly 14,000 independent insurance agents.

While some companies offer web-based coverage where you rarely have personal dealings, and when you do, it’s not with someone local, and some companies have local offices with captive agents who sell only their company’s insurance, Nationwide uses independent agents.

Independent agents sell several brands of insurance. The pros of using an independent agent are that they know and work with several companies and they can help you find which company is best for your situation.

Travelers Commercials

In recent years, their ad campaign hasn’t been as aggressive as those of other car insurers. Travelers signature umbrella was first used in 1870. In 2008, the company repurchased the rights to the red umbrella.

A couple of Travelers commercials have been nominated for Emmys. This is one of the nominated:

Community Service

Travelers boasts that they have contributed more than $218 million to their employees’ communities in the past ten years. In 2018 alone, employees donated 120,000 hours of time to important causes.

Here’s where $19 million of the over $25 million donated in 2018 went:

Travelers charitable giving

The remaining six million went to various causes.

Travelers employees donated their time, too:

  • 8,500 hours to build homes for Habitat for Humanity
  • 1,500 hours to teach basic economics in schools
  • 1,000 hours to build playgrounds in Texas and Georgia

Travelers’ Position for the Future

With steady growth, positive financial outlooks, and recent company acquisitions, Travelers is poised to continue to be a major player in the auto insurance market.

Their annual report details their strategies for continued value for their shareholders:

  • Deliver superior returns on equity by leveraging our competitive advantages;
  • Generate earnings and capital substantially in excess of our growth needs; and
  • Thoughtfully rightsize capital and grow book value per share over time.

The Average Employee

When compared to the average starting wage for specific positions nationwide, Travelers employees tend to start earning lower than average to average salaries.

For example, based on 182 salaries examined, an account executive with Travelers could expect to start at just over $86K. The nationwide range is $55K-$121K.

An account manager could expect to start around $53K a year compared to the nationwide range of $45K-$83K.

The account executive starts near the middle of the starting range while an account manager starts at the lower end of the range.

Employees rate Travelers four out of five stars with 76 percent saying they would recommend working there to a friend.

Overall, Travelers is a good place to work and many employees listed the benefits as one of the pros of their job.

Travelers Awards and Accolades

Travelers’ website lists their significant awards as follows:

  • Military Friendly® Company, VIQTORY, 2018-2019
  • Military Friendly® Employer, VIQTORY, 2007-2019
  • Military Friendly® Brand, VIQTORY, 2017-2019
  • Military Friendly® Supplier Diversity Program, VIQTORY, 2018-2019
  • Best for Vets, Military Times, 2010-2011, 2014-2018
  • Military Times Best for VETS Index, 2017-2019
  • Top Veteran-Friendly Company, U.S. Veterans Magazine, 2014 and 2017
  • America’s Best Employers, Forbes, 2015-2018
  • America’s Best Employers for Diversity, Forbes, 2019
  • America’s Best Employers for Women, Forbes, 2019
  • Best Place to Work for LGBTQ Equality, Human Rights Campaign Foundation, 2016-2019
  • Best Place to Work for Disability Inclusion, Disability:IN and American Association of People with Disabilities, 2018
  • Clear Assured Bronze Standard for Inclusive Best Practices (UK), Clear Company, 2019
  • Employer of the Year, Lifeworks, 2019
  • Best Place to Work, Glassdoor, 2018-2019

Cheap Car Insurance Rates

Here’s where the rubber meets the road. How do Travelers rates compare to the rates from other top companies?

There is more to a company than their rates. That’s for sure. But the rates can give you a great starting point from which to do more research into other dimensions of the company.

We partnered with Quadrant Data Solutions to show you what you could expect to pay with Travelers compared to other car insurance companies. We’ll jump right in with the overall state average comparison.

Now, if you’re a good driver with a clean history and you fit into Travelers’ low-risk profile, you’ll probably pay significantly less than the figures below. If you have a poor driving history and you fit a high-risk profile, you’ll probably pay more.

Car Insurance Rates as Compared to State Median

Before we really dig into the rates, let’s look at the states where it’s available, so you may as well stop considering Travelers if they aren’t available where you live.

Travelers offers auto insurance in 42 states and the District of Columbia. It doesn’t offer coverage in Alaska, Hawaii, Louisiana, Michigan, North Dakota, South Carolina, West Virginia, and Wyoming.

Travelers insurance compared to state average rates

StateState Average Annual PremiumTravelers Average Annual PremiumTravelers +/- Average
Alabama$3,566.96$3,697.80+$130.84
Arkansas$4,124.98$5,973.33+$1,848.35
Arizona$3,770.97$3,084.74-$686.23
California$3,688.93$3,349.54-$339.39
Connecticut$4,618.92$6,004.29$1,385.37
Delaware$5,986.32$4,182.36-$1,803.96
Iowa$2,981.28$5,429.38+$2,448.10
Idaho$2,979.09$3,226.29+$247.20
Illinois$3,305.48$2,499.76-$805.72
Indiana$3,414.97$3,393.75-$21.22
Kansas$3,279.62$4,341.43+$1,061.81
Kentucky$5,195.40$6,551.68+$1,356.28
Maine$2,953.28$2,252.97-$700.31
Massachusetts$2,678.85$3,537.94+$859.09
Michigan$10,498.64$8,773.97-$1,724.67
Mississippi$3,664.57$3,729.32+$64.75
North Carolina$3,393.11$3,132.66-$260.45
New Jersey$5,515.21$4,254.49-$1,260.72
Nevada$4,861.70$5,360.41+$498.71
New York$4,289.88$4,578.79+$288.91
Ohio$2,709.71$3,135.16+$425.45
Oregon$3,467.77$2,892.19-$575.58
Pennsylvania$4,034.50$7,842.47+$3,807.97
Rhode Island$5,003.36$6,909.45+$1,906.09
Tennessee$3,660.89$2,738.52-$922.37
Median$3,660.89$3,729.32+$68.43
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Overall, Travelers costs about five dollars more per month than the national average. Since it’s so close to average, your unique situation will be the determining factor whether the rates are competitive for you.

Travelers vs Other Companies by State

StateAverage Annual PremiumsAllstateAmerican FamilyFarmersGeicoLiberty MutualNationwideProgressiveState FarmTravelersUSAA
Alabama$3,566.96$3,311.52Data Not Available$4,185.80$2,866.60$4,005.48$2,662.66$4,450.52$4,798.15$3,697.80$2,124.09
Arkansas$4,124.98$5,150.03Data Not Available$4,257.87$3,484.63Data Not Available$3,861.79$5,312.09$2,789.03$5,973.33$2,171.06
Arizona$3,770.97$4,904.10Data Not Available$5,000.08$2,264.71Data Not Available$3,496.08$3,577.50$4,756.25$3,084.74$3,084.29
California$3,688.93$4,532.96Data Not Available$4,998.78$2,885.65$3,034.42$4,653.19$2,849.67$4,202.28$3,349.54$2,693.87
Colorado$3,876.39$5,537.17$3,733.02$5,290.24$3,091.69$2,797.74$3,739.47$4,231.92$3,270.77Data Not Available$3,338.87
Connecticut$4,618.92$5,831.60Data Not AvailableData Not Available$3,073.66$7,282.87$3,672.34$4,920.35$2,976.24$6,004.29$3,190.00
District of Columbia$4,439.24$6,468.92Data Not AvailableData Not Available$3,692.81Data Not Available$4,848.98$4,970.26$4,074.05Data Not Available$2,580.44
Delaware$5,986.32$6,316.06Data Not AvailableData Not Available$3,727.29$18,360.02$4,330.21$4,181.83$4,466.85$4,182.36$2,325.98
Florida$4,680.46$7,440.46Data Not AvailableData Not Available$3,783.63$5,368.15$4,339.60$5,583.30$3,397.67Data Not Available$2,850.41
Georgia$4,966.83$4,210.70Data Not AvailableData Not Available$2,977.20$10,053.44$6,484.90$4,499.22$3,384.88Data Not Available$3,157.46
Iowa$2,981.28$2,965.86$3,021.81$2,435.72$2,296.16$4,415.28$2,735.44$2,395.50$2,224.51$5,429.38$1,852.57
Idaho$2,979.09$4,088.76$3,728.79$3,168.28$2,770.68$2,301.51$3,032.19Data Not Available$1,867.96$3,226.29$1,877.61
Illinois$3,305.48$5,204.41$3,815.31$4,605.20$2,779.16$2,277.65$2,711.81$3,536.65$2,344.88$2,499.76$2,770.21
Indiana$3,414.97$3,978.81$3,679.68$3,437.55$2,261.07$5,781.35Data Not Available$3,898.00$2,408.94$3,393.75$1,630.86
Kansas$3,279.62$4,010.23$2,146.40$3,703.77$3,220.65$4,784.42$2,475.59$4,144.38$2,720.00$4,341.43$2,382.61
Kentucky$5,195.40$7,143.92Data Not AvailableData Not Available$4,633.59$5,930.97$5,503.23$5,547.63$3,354.32$6,551.68$2,897.89
Maine$2,953.28$3,675.59Data Not Available$2,770.15$2,823.05$4,331.39Data Not Available$3,643.59$2,198.68$2,252.97$1,930.79
Maryland$4,582.70$5,233.17Data Not AvailableData Not Available$3,832.63$9,297.55$2,915.69$4,094.86$3,960.87Data Not Available$2,744.14
Massachusetts$2,678.85$2,708.53Data Not AvailableData Not Available$1,510.17$4,339.35Data Not Available$3,835.11$1,361.86$3,537.94$1,458.99
Minnesota$4,403.25$4,532.01$3,521.29$3,137.45$3,498.54$13,563.61$2,926.49Data Not Available$2,066.99Data Not Available$2,861.60
Missouri$3,328.93$4,096.15$3,286.90$4,312.19$2,885.33$4,518.67$2,265.35$3,419.14$2,692.91Data Not Available$2,525.78
Mississippi$3,664.57$4,942.11Data Not AvailableData Not Available$4,087.21$4,455.94$2,756.53$4,308.85$2,980.48$3,729.32$2,056.13
Montana$3,220.84$4,672.10Data Not Available$3,907.55$3,602.35$1,326.11$3,478.26$4,330.76$2,417.74Data Not Available$2,031.89
North Carolina$3,393.11$7,190.43Data Not AvailableData Not Available$2,936.69$2,182.71$2,848.03$2,382.61$3,078.65$3,132.66Data Not Available
Nebraska$3,283.68$3,198.83$2,215.13$3,997.29$3,837.49$6,241.52$2,603.94$3,758.01$2,438.71Data Not Available$2,330.78
New Hampshire$3,151.77$2,725.01Data Not AvailableData Not Available$1,615.02$8,444.41$2,491.10$2,694.45$2,185.46Data Not Available$1,906.96
New Jersey$5,515.21$5,713.58Data Not Available$7,617.00$2,754.94$6,766.62Data Not Available$3,972.72$7,527.16$4,254.49Data Not Available
New Mexico$3,463.64$4,200.65Data Not Available$4,315.53$4,458.30Data Not Available$3,514.38$3,119.18$2,340.66Data Not Available$2,296.77
Nevada$4,861.70$5,371.62$5,441.18$5,595.56$3,662.09$6,201.55$3,477.14$4,062.57$5,796.34$5,360.41$3,069.07
New York$4,289.88$4,740.97Data Not AvailableData Not Available$2,428.24$6,540.73$4,012.93$3,771.15$4,484.58$4,578.79$3,761.69
Ohio$2,709.71$3,197.22$1,515.17$3,423.01$1,867.19$4,429.74$3,300.89$3,436.96$2,507.88$3,135.16$1,478.46
Oklahoma$4,142.33$3,718.62Data Not Available$4,142.40$3,437.34$6,874.62Data Not Available$4,832.35$2,816.80Data Not Available$3,174.15
Oregon$3,467.77$4,765.95$3,527.28$3,753.52$3,220.12$4,334.55$3,176.83$3,629.13$2,731.48$2,892.19$2,587.15
Pennsylvania$4,034.50$3,984.12Data Not AvailableData Not Available$2,605.22$6,055.20$2,800.37$4,451.00$2,744.23$7,842.47$1,793.37
Rhode Island$5,003.36$4,959.45Data Not AvailableData Not Available$5,602.63$6,184.12$4,409.63$5,231.09$2,406.51$6,909.45$4,323.98
South Dakota$3,982.27$4,723.72$4,047.47$3,768.80$2,940.29$7,515.99$2,737.66$3,752.81$2,306.23Data Not AvailableData Not Available
Tennessee$3,660.89$4,828.85Data Not Available$3,430.07$3,283.42$6,206.69$3,424.96$3,656.91$2,639.30$2,738.52$2,739.28
Texas$4,043.28$5,485.44$4,848.72Data Not Available$3,263.28Data Not Available$3,867.55$4,664.69$2,879.94Data Not Available$2,487.89
Utah$3,611.89$3,566.42$3,698.77$3,907.99$2,965.57$4,327.76$2,986.57$3,830.10$4,645.83Data Not Available$2,491.10
Virginia$2,357.87$3,386.80Data Not AvailableData Not Available$2,061.53Data Not Available$2,073.00$2,498.58$2,268.95Data Not Available$1,858.38
Vermont$3,234.13$3,190.38Data Not AvailableData Not Available$2,195.71$3,621.08$2,128.21$5,217.14$4,382.84Data Not Available$1,903.55
Washington$3,059.32$3,540.52$3,713.02$2,962.00$2,568.65$3,994.73$2,129.84$3,209.52$2,499.78Data Not Available$2,262.16
Wisconsin$3,606.06$4,854.41$1,513.27$3,777.49$3,926.20$6,758.85$5,224.99$3,128.91$2,387.53Data Not Available$2,975.74
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Commute Rates

State10 miles commute. 6000 annual mileage.25 miles commute. 12000 annual mileage.
AL$3,697.80$3,697.80
AR$5,973.33$5,973.33
AZ$3,084.74$3,084.74
CA$3,012.96$3,686.11
CT$6,004.29$6,004.29
DE$4,182.36$4,182.36
IA$5,429.38$5,429.38
ID$3,226.29$3,226.29
IL$2,401.58$2,597.93
IN$3,393.75$3,393.75
KS$4,341.43$4,341.43
KY$6,551.68$6,551.68
MA$3,369.82$3,706.05
ME$2,252.97$2,252.97
MI$8,723.62$8,824.31
MS$3,729.32$3,729.32
NC$3,132.66$3,132.66
NJ$4,254.49$4,254.49
NV$5,360.41$5,360.41
NY$4,578.79$4,578.79
OH$3,135.16$3,135.16
OR$2,776.53$3,007.84
PA$7,842.47$7,842.47
RI$6,909.45$6,909.45
TN$2,630.93$2,846.10
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Travelers rates by commute by state

As you can see, in most states, the distance of your commute won’t make a difference in your rates with Travelers.

In California, where companies are required to base rates on factors like annual mileage, you’ll see the biggest rate difference. In fact, a person in California will pay $56 more per month on insurance for a 25-mile drive to work than a 10-mile drive.

More time on the road equates to a great risk of something bad happening. Greater risk equals higher rates…in five states, anyway.

Coverage Level Rates

StateLow CoverageMedium CoverageHigh Coverage
AL$3,515.40$3,771.45$3,806.54
AR$5,685.15$5,989.75$6,245.09
AZ$2,761.36$3,132.81$3,360.06
CA$2,923.53$3,439.07$3,686.01
CT$5,551.63$5,961.96$6,499.29
DE$3,961.39$4,310.79$4,274.89
IA$5,106.75$5,511.62$5,669.76
ID$3,172.59$3,273.82$3,232.47
IL$2,342.76$2,496.71$2,659.81
IN$3,326.81$3,425.41$3,429.02
KS$4,124.45$4,347.90$4,551.94
KY$6,207.73$6,578.16$6,869.14
MA$3,195.20$3,608.81$3,809.80
ME$2,216.71$2,220.77$2,321.44
MI$8,682.66$8,783.46$8,855.79
MS$3,539.40$3,752.06$3,896.50
NC$3,001.62$3,116.45$3,279.91
NJ$3,892.44$4,254.54$4,616.48
NV$4,820.17$5,378.22$5,882.82
NY$4,309.32$4,522.76$4,904.29
OH$3,050.20$3,176.78$3,178.51
OR$2,710.49$2,876.33$3,089.75
PA$7,896.86$7,848.30$7,782.26
RI$7,019.75$7,036.02$6,672.57
TN$2,576.37$2,736.50$2,902.69
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You would expect that a low coverage level would be the cheapest, followed by a medium level, and that the high level would be the most expensive. That’s a good assumption. However, for various reasons, that’s not always the case. Take the following states for example:

  • Pennsylvania – High coverage is cheapest followed by medium coverage and low coverage is the most expensive. If you live in Pennsylvania and go with Travelers, get a higher level of coverage.
  • Delaware and Idaho – Low coverage is the cheapest, but high coverage costs less than medium coverage
  • Rhode Island – High coverage is significantly cheaper than low coverage. Medium coverage is the most expensive.

For the states that follow the pattern you’d expect, here’s a visualization of the difference in cost depending on the level of coverage:

Travelers coverage level rate comparison by state

Even in the states where you pay more for high coverage, it may be well worth it for you to purchase it because of how much better the protection is.

Credit History Rates

The credit scores that insurance companies use aren’t exactly the same as your raw credit score. They use the same credit report, but they pull only certain factors and base your insurance credit score on those.

StateGood CreditFair CreditPoor Credit
AL$3,563.85$3,497.17$4,032.37
AR$5,345.75$5,719.88$6,854.36
AZ$2,434.67$3,062.83$3,756.74
CA$3,349.54$3,349.54$3,349.54
CT$5,517.46$5,680.07$6,815.35
DE$4,028.81$3,851.51$4,666.75
IA$4,968.28$5,213.94$6,105.91
ID$2,876.79$3,107.83$3,694.26
IL$1,994.34$2,454.97$3,049.97
IN$3,199.97$3,202.25$3,779.03
KS$3,921.25$4,082.52$5,020.52
KY$6,160.53$6,182.66$7,311.83
MA$3,537.94$3,537.94$3,537.94
ME$1,934.81$2,172.46$2,651.65
MI$8,609.77$8,720.07$8,992.07
MS$3,502.17$3,452.81$4,232.97
NC$3,001.11$3,043.96$3,352.92
NJ$2,856.24$4,186.30$5,720.93
NV$4,962.59$5,256.01$5,862.62
NY$3,395.01$3,944.57$6,396.79
OH$2,849.59$3,050.60$3,505.29
OR$2,228.52$2,833.30$3,614.74
PA$7,282.50$7,710.22$8,534.70
RI$6,726.05$6,752.96$7,249.34
TN$1,996.22$2,735.47$3,483.87
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If you’re like many others, you may be thinking, “Why in the world would credit affect my car insurance risk?” It’s a hotly debated subject, and some states and companies have moved away from using credit to formulate insurance rates.

Notice that the rates in California and Massachusetts stay the same regardless of credit score. Insurers in California are not allowed to use credit score and Massachusetts rate filings will not be approved if the credit score is part of the calculation.

The argument for using credit score is that people with poor credit are statistically at a higher risk for filing a claim and higher risk individuals should pay more for insurance.

The argument against using credit score is that credit shouldn’t affect driving.

There are a few states where Travelers rates will leave you scratching your head. In Alabama, Delaware, and Mississippi, your best rates are with a fair credit score. A good score will actually cost you a bit more than a fair score.

Travelers rates by credit score by state

Nationwide, the average credit score (not insurance credit score…we don’t actually know what that is) is 675. Minnesota wins for the highest average score of 709 while Mississippi has the lowest average score of 647.

Driving Record Rates

This rating factor just makes sense. If you have a history of accidents and violations it makes sense that an insurance company would view you as a higher risk. And where insurance is involved risk equals rates. High risk means high rates.

StateClean RecordAfter One Speeding TicketAfter One AccidentAfter One DUI
AL$3,079.85$3,750.88$3,231.91$4,728.55
AR$5,005.97$6,145.34$5,171.93$7,570.08
AZ$2,468.10$3,077.01$3,215.76$3,578.10
CA$2,233.29$3,288.90$3,642.70$4,233.25
CT$4,833.25$6,327.84$5,235.67$7,620.42
DE$3,563.54$3,744.85$3,573.78$5,847.26
IA$3,957.29$5,418.41$5,276.31$7,065.50
ID$1,990.40$3,169.07$2,832.53$4,913.17
IL$1,988.49$2,494.84$2,606.50$2,909.21
IN$2,882.78$3,092.74$3,562.60$4,036.88
KS$3,174.28$4,381.05$4,130.07$5,680.32
KY$5,703.08$6,120.50$5,868.49$8,514.63
MA$2,757.80$3,501.20$3,813.46$4,079.29
ME$1,878.74$2,432.18$2,087.92$2,613.05
MI$5,936.51$7,020.08$8,478.53$13,660.75
MS$3,259.64$3,557.99$3,412.73$4,686.91
NC$1,844.98$2,400.64$2,448.95$5,836.08
NJ$3,268.35$4,188.00$4,864.10$4,697.50
NV$3,833.89$4,614.16$5,716.35$7,277.22
NY$3,901.71$4,552.21$4,896.91$4,964.33
OH$2,308.77$2,683.62$3,009.00$4,539.26
OR$2,343.22$2,858.79$2,997.78$3,368.96
PA$5,566.16$7,914.42$7,914.42$9,974.88
RI$6,191.60$7,053.75$6,403.21$7,989.23
TN$2,220.52$2,731.56$2,851.81$3,150.18
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Travelers doesn’t formulate its rates the same way in every state. In 11 out of the 25 states where Travelers offers car insurance, a speeding ticket will make your rates higher than an accident. In the other 14 states, an accident will lead to higher rates than a speeding ticket.

travelers rates by driving history

In New Jersey, a person with an accident on their record will pay more than a person with a DUI. Everywhere else, a DUI will make your rates higher than the other violations we researched.

Coverages Offered

Travelers is a major player in the car insurance market, but auto insurance makes up less than 20 percent of their property and casualty options. They offer all the following types of personal insurance:

  • Home
  • Auto
  • Renters
  • Condo
  • Boat and Yacht
  • Landlord
  • Umbrella
  • Jewelry and Valuable Items
  • Wedding and Special Events

They also have a huge lineup of commercial insurance options.

With all that Travelers offers, they have the potential to be your one-stop-shop for all your insurance needs. If you do purchase more than auto insurance from Travelers, you could save up to 13 percent.

For example, if you pay $100 dollars a month for your Travelers car insurance policy and then you purchase home insurance from Travelers, your auto policy could drop to $87 per month.

If you’re considering Travelers for auto insurance, it just makes sense to see what bundling other types of coverage could do for you.

Types of Car Insurance

Within the realm of car insurance, there are many options for coverage. Travelers covers anything the average person would be looking for. This is no surprise for a company in the top 10 of car insurers.

These are the basic types of car insurance Travelers offers:

  • Liability Coverage
  • Comprehensive Coverage
  • Collision Coverage
  • Personal Injury Protection
  • Uninsured/Underinsured Motorist Coverage
  • Medical Payments Coverage

They also offer these options:

  • Loan/Lease GAP Insurance
  • Rental Coverage
  • Roadside Assistance
  • New Car Replacement
  • Accident Forgiveness
  • Ride Sharing

Ride sharing is a popular service and a lot of drivers have questions about coverage. Travelers is just entering that market and currently only offers limited coverage in Colorado and Illinois.

In those two states, drivers with the ride-sharing endorsement can have coverage while the ride-sharing app is open but before connecting with a customer. This limited coverage leaves some gaps so if you’re a driver for a ride-share company, Travelers may not be your best option.

Discounts Offered

You may be surprised when you find out how many discounts you are eligible for and how much you can save.

Discount TypeUp-to Savings
Multi-Policy Discount13%
MultiCar Discount8%
Home Ownership Discount5%
Safe Driver Discount10% (three years clean driving)
23% (five years clean driving)
Continuous Coverage Discount15%
Hybrid/Electric Vehicle Discountn/a
New Car Discount10%
EFT (Electronic Funds Transfer) Discount2-3%
Paid in Full Discount7.5%
Good Payer Discount15%
Early Quote Discount3-10% (depending on how early you get a quote before you current policy expires)
Good Student Discount8% (B average or better)
Student Away at School Discount7%
Driver Training Discount8%
Low Mileage Discountn/a
Affinity Programn/a
IntelliDrive Program20%
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Most of these discounts are fairly standard for car insurance companies to offer. Some of the lesser offered discounts Travelers offers are the green vehicle discount and the on-time-payment discount.

Traveler’s IntelliDrive can get you up to 20 percent off of your premiums, so it’s worth looking deeper into it. It’s available in these states:

  • Alabama
  • Arizona
  • Colorado
  • Connecticut
  • Florida – saving is up to 15%
  • Georgia
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Maine
  • Maryland – riskier driving habits will not result in a higher premium
  • Minnesota
  • Mississippi
  • Missouri
  • Montana – riskier driving habits will not result in a higher premium
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania – riskier driving habits will not result in a higher premium
  • South Carolina
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia – riskier driving habits will not result in a higher premium
  • Washington
  • Washington DC – riskier driving habits will not result in a higher premium
  • Wisconsin

Once you enroll in IntelliDrive, your driving habits will be monitored by an app on your smartphone for 90 days. Good driving habits could get you a discount of 20 percent of your premium.

It’s not a win-win, though. You might now want to enroll in the program if you don’t practice the driving habits the monitoring app is looking for. If you evidence riskier driving behavior, your rates could increase (except in the states where prohibited – see list above).

With a name like Travelers, you’d just expect that they have a developed travel insurance program. They do not. However, chances are pretty good that your independent Travelers agent can help you get set up with travel insurance from another insurer when you need it.

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How to Make a Claim

This is why we have insurance. If something goes wrong and we have to make a claim, insurance protects us from the potential of financial ruin.

We’ve discussed Travelers’ financial stability above, but we’ll examine it more deeply next so you have an idea of how much they earn compared to how much they pay in claims.

It’s a delicate balance and if it gets off, you may have issues getting claims settled.

Premiums Written

As Travelers’ market share has been steadily increasing, their premiums written naturally follow the same trend.

  • 2015 – $3,377,404,000
  • 2016 – $3,896,786,000
  • 2017 – $4,396,705,000

Loss Ratio

Loss ratio is important because it shows how much is paid on claims to how much is earned in premiums.

Travelers’ loss ratio for 2017 is about 67 percent. That means that for every $100 they earned in premiums, they paid out $67. The other $33 went to overhead which includes employees, offices, mailings, etc.

In the auto insurance market in 2017, after claims were paid, Travelers had about $1.5 billion to work with.

  • 2015 – 56.48%
  • 2016 – 65.45%
  • 2017 – 66.60%

The range of these loss ratios is solid and not concerning. What they take in to what they pay out is in a safe range where you can expect their ability to pay claims to continue.

If the loss ratio were lower, we may have concerns that they are charging too much for premiums and are stingy with paying claims.

If the loss ratio were higher, we may be worried they would not have funds available to pay claims.

Where they are is good.

Ease of Making a Claim

Claims can be made online or by phone. Call (800) 238-6225 in the following situations:

  • To make a claim requiring immediate assistance
  • To make a claim that involves only damage to glass
  • When you don’t have the information required when making an online claim

To make a claim online, you should have the following information ready:

  • Your policy number
  • Your contact information
  • Incident date
  • Incident description

To summarize, claims can always be made over the phone. Claims that don’t require immediate help, where there are no significant injuries or fatalities, can be made online.

How to Get a Quote Online

It’s simple and the Travelers website will walk you through the entire process. You’ll just fill in the blanks.

Step One

Go to Travelers.com

Step Two

Enter your zip code in the box that says, “ZIP Code.” Then click “Start Quote.”

Getting a Travelers quote step one

Step Three

Answer the question as to whether you’re already a Travelers customer, then click, “Continue Quote.”

Getting a quote from Travelers step two

Step Four

You’ll need to fill in the blanks about your personal information.

How to get a Travelers quote step three

Steps Four and Following

You will continue filling out information regarding the following:

  • your vehicle(s)
  • other members of your household
  • your driving and insurance history

Once you’ve finished, you’ll receive your quote. When you view quote details, you’ll see the breakdown of discounts they’ve added along with the level and types of coverage and how much each costs.

Here’s the information you’ll need to have ready:

  • VIN – You may not need this as Travelers automatically pulls up the vehicles registered to your address, but if you’re adding a vehicle that’s not in the system yet, you’ll need the VIN
  • Your current level of insurance coverage

The rest of the required information you should know by heart, like your birthday and your address, so those two items above are the only ones you might need to find.

Travelers’ Website and App

Travelers’ website is easy to navigate. You can make most claims online. The website search bar takes you quickly to the page that answers your inquiry. It’s basic, but it’s well-done. It’s equally convenient to navigate from a desktop to a smartphone.

The Travelers mobile app is called “Auto Accident Help,” which is a good indication of what this app does.

Unlike other insurance apps, this program doesn’t provide you with any insurance card information or allow you to pay your bill. Instead, it offers a very thorough claims-reporting function that walks you through every step of the process.

Claims-reporting is a major function of most insurance apps, although the features of the Travelers app are more robust.
Travelers Insurance Mobile App Menu

Device Availability

Auto Accident Help is available for iPhone and Android.

It is compatible with iPhone 3G, 3GS and 4 as well as newer models, making it very friendly for older-model iPhone users.

Android users running OS 2.1 and up can also use the app.

Although there is not a Blackberry app, you can still access a mobile version of the Travelers Insurance claims form from your Blackberry browser.

App Features

This app allows you to file a claim through your mobile device. It’s designed to be used at the scene of the accident in order to gather relevant information, like the other party’s contact info, and snap photos of the damage to all vehicles involved. You can even record your voice for notes or statements — but as always, Travelers discourages its drivers from ever admitting fault at the scene.

The app also gives you step-by-step guidance, walking you through what information you need to obtain, particularly what pictures would be most helpful for an adjuster. Additionally, the app automatically detects your location and the time of your accident, saving you the trouble of figuring that out later.

The information you gather can be sent to Travelers Insurance immediately or saved and accessed at a later point.

Aside from claims help, the app doesn’t offer much. It does allow you to save some relevant phone numbers like your favorite repair shops. This feature doesn’t really require an app — you could just as easily save them in the address book on your phone — but it does add a bit more meat to the app.

Google Play / iTunes / Amazon Reviews

There aren’t too many reviews of this app, and the ones that have been written are varied. It averages around a 3 to 3.5 star rating.

Positive reviews say that the app works as intended and does exactly what it advertises.

Negative reviews mostly complain that the app is lacking features — most people want to be able to pay their bills and view their policy ID cards from the app. Also, the app does not sync with your online account, so you’ll need your policy information in order to file the claim.

Travelers Insurance Mobile App Claims

Pros and Cons

Pros:

  • Compatible with older devices
  • Easy-to-use interface
  • Walks you through all of the information you need to gather

Cons:

  • No additional features
  • App does not sync with your Travelers Insurance account

Travelers was a fairly early adopter of app technology, publishing its app in early 2013. It hasn’t done much to keep up with the times since, though. Two years ago, it was okay — even revolutionary — to offer an app that only supported claims. Today, customers expect more.

An insurance app cannot hope to remain viable unless it doubles as a mobile ID card and offers bill-pay functionality. These are features a driver will use on a regular basis.

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Travelers Pros and Cons

ProsCons
Growing market shareNot available in every state
Strong financial ratingCan't purchase coverage online
Good discounts and programsMediocre customer satisfaction ratings
Multiple lines of insurance availableLimited availability of ride share coverage
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The Bottom Line

Travelers has a strong financial foundation and their outlook for continued financial stability is positive. That’s a big deal when it comes to being able to pay claims.

Travelers agents are encouraged to be active in their communities and working with an agent who lives and works in your neighborhood will help make for a personal and helpful experience.

One of the best things about Travelers is that they offer so many different lines of insurance, so it’s possible and likely they offer every different type of coverage you need.

With every company, there will be pros and cons. The bottom line is that Travelers has been doing a good job providing insurance for over 160 years and they definitely deserve your consideration today.

FAQ

How do I get discounts on my Travelers policy?

Many of the applicable discounts are added automatically. You can view your policy online or on the app to see what discounts have been applied. If you believe you’re eligible for more discounts, call your local agent and see what else could be added.

How can I get a quote for another line of insurance with Travelers?

If you’re getting a car insurance quote, the process will bring you to a point where you can add quotes for other possible lines of insurance. If you’re simply looking for a quote for another line, the online quote section features a dropdown menu where you can choose what type of insurance you’d like to search.

How does IntelliDrive work?

It runs through an app, and it monitors your driving habits such as speed, acceleration, and braking. After 90 days, the data collection will be complete. Good habits could equate to a 20 percent discount. Bad habits could cause a rate increase.

Does Travelers insurance offer travel insurance?

No.

For a list of companies that we recommend, visit our Best Insurance Companies page.

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Review Information

Summary
Review Date
Reviewed
Travelers Insurance
Author Rating
21star1stargraygraygray

About Eric Stauffer

Author: Eric StaufferI am a former insurance agent and banker turned consumer advocate. My priority is to help educate individuals and families about the different types of insurance they need, and assist them in finding the best place to get it.

16 Comments

  1. Very poorly run company.

    Travelers Auto Insurance employees exercise very poor judgment and are very shortsighted. Received notice of nonrenewal for an auto accident totaling less than $4000 in damages. These days that is a minor fender bender. It is ridiculous. I have been driving for over thirty-five years with no problems. Nobody should consider ever using Travelers unless they want to be treated poorly and inconvenienced.

    Reply
  2. Travelers are horrible. I had water damage 8 months ago and they still have not removed all the damaged debris from my home. They also paid the remediation company almost the same amount of money that they have offered to pay me to restore my dwelling. I am living in a home that is not habitable, has mold and still contains debris from the flood. Stay away from this company as they are expensive and have no regard for the insured. At this point, my home cannot be repaired for the amount of money they have offered me. My only solution is to get an attorney.

    Reply
  3. Hello,
    I agree with all the other reviews, This company is a rip-off. I have only been using them for a year but had to file the first claim in my entire life due to Hail storms in Texas from Hurricane Harvey.
    No tickets, accidents or a filed a claim in over 30 years of having insurance. Once I filed the claim what I received was shocking. We will fix your car but in return, you get a 33.3% increase in your premiums.
    I am still astonished by this increase.
    Word to the wise, Do not use this insurance company! They are scandalous at best.

    Reply
  4. Worst experience ever in 45+ years of buying auto insurance. In a telephone call, the “Welcome Center” agent was annoying and offensive, even to the point of implying I was lying because my current situation did not match the information he had from some suspect source. This was 4 days before my policy was to be effective. The experience was so unpleasant I called and immediately canceled. I would avoid Travelers at all costs, no matter the premium.

    Reply
  5. Dropping this company immediately and do not recommend it to anyone. 6 months ago I was in a car accident that took the agent 6 days to call me after I left a message. Last month my vehicle was broken into and stolen. Soon after the theft, I sold the car. The agent questioned my motives for selling the car after it was stolen, all my personal property inside was stolen (including my children’s car seats) and told me “if you were smart you would have held onto it until after an adjuster looked at it.” It sat at a car dealership for 3 weeks waiting for an adjuster. This company blows you off, very difficult to get ahold of, does not care about the people who pay their paychecks and will try anything and everything not to have to pay a cent. I would suggest no insurance over this crooked company

    Reply
  6. Called Travelers insurance yesterday to get quote for home and auto. The experience was terrible and will NEVER call them again. The call started with request for quote for auto insurance. This process took about 40 minutes and resulted in a quote that was $123 less per 6 months than my current insurance. Then, we started the process for home insurance quote for two homes. Again, we went through a lengthy process that took another 30 to 40 minutes. On the second house, they asked bout the age of the roof. I told them the house was built in 1955. We about about 4 years ago and when we bought it, we had the roof inspected and were told that the roof was fine and estimated the age of the roof is 7-8 years. The agent insisted on knowing when the roof was replaced. I reminded him that the current insurer was able to insure it with the information I just gave to him. He consulted another agent and told me he could give me a non-binding quote but they still need to know when the roof was replaced. At this point, after wasting 1.5 hours without getting a viable quote for home and auto, I hung up.

    Reply
    • I would give this company NEGATIVE 5 Star review if possible. My car was backed over by a [Redacted] company truck insured by TRAVELERS driven by [Redacted] on September 10, 2017, and I have been without a car ever since. [Redacted] which is the employee in said company that is supposed to be handling this claim is doing nothing. Travelers Ins. employee [Redacted] is responsible for the claim and said, “This is a million dollar account and they can not confirm the man that backed over your car is employed by them, we can do nothing without their say so, and we do not know how long it will take to get this matter settled if ever” Very comforting to know right! I have a police report clearly stating what happened and pictures of the incident that i wish i could show all of your valued customers TRAVELERS and [Redacted]. I am not rich, I can’t afford an attorney, and now have no car to drive. THANK YOU [Redacted]/TRAVELERS INS!!!!!!! You really screw the little guy

      Reply
    • This company is a Fraud! They give me an insurance policy of 1,534$ for 6 months, however, after a month they add 3,213$ that makes my bill 3 times the original. This company is going after only for money and not for good service, they will gonna fool you from the start and will rob you after awhile. I will give this traveler insurance a negative 100 rating.

      Reply
  7. It has been 8 days and nothing has been done about our claim. way to slow

    Reply
    • This insurance company has done everything in their power to harass, intimidate and BULLY a handicapped person!!!
      BULLYING should NOT be tolerated by an individual nor a corporation, NOT acceptable travelers insurance!!!
      From the very start of my injury I have experienced their claim adjuster breaking HEPA Law, another claim adjuster that would delay my temporary disability payments to my advance on settlement payments, change the app she used for mileage reimbursement without notification, (the app she now uses shorts my reimbursement fee) to the corporate office not responding to its legal representation, and now bullying/strong arming me by not offering a fair settlement!
      This is an absolute disgrace!!!
      I am sure that the founder of travelers did NOT expect this behavior of its employees.
      Travelers insurance you should ALL be ashamed of yourselves for harassing the handicapped!!!
      Update-now that myself, my attorneys and travelers attorney, [Redacted], has reached a settlement offer, it astounds me that travelers corporate office still does not respond!
      Going on SIX YEARS and still being harassed and bullied. This company prides itself on bullying handicap people!!!

      Reply
  8. We had storm damage last Feb.2015.

    The total cost of repair was estimated at $3,300.00 approx. Our deductible was $2,500.00, which in turn cost Traveler’s only approx. $800.00. We paid the difference ourselves, again approx.

    $2,500.00. When our new premium arrived it increased $780.00 I asked why so high, they stated they had to pay a claim to us. So in one year, Traveler’s is getting their pay out back!! Yes, one year!!

    What good is insurance, if you have to give back to the insurance company any pay out? I would understand a 2 to 5% increase; however, the new premium results in a 57% increase in just one year.

    This should be illegal.I would not recommend Traveler’s Insurance to anyone.

    Reply
  9. Traveler’s is truly horrible when it comes to paying out on claims. I have seen them time and time again pay next to nothing and could care less that the customer is going to be left paying out of pocket for what they refuse to cover. This is sad considering they are known for having higher premiums. So exactly what are the customer’s paying for? The worst part, however, is should you have a complaint the managing personnel ALWAYS seems to side with their employee rather than trying to satisfy the customer and their needs. Needless to say if you get a horrible adjuster, good luck!

    Reply
  10. Travelers AUTO insurance has an “F” Better Business bureau rating. And they are NOT bbb accredited, I just checked.

    Reply
  11. Their website is false advertising when they say that they are a decent company. They don’t know what decent is when it comes to stepping up and settling claims, and they sure do not need an A+ rating because they are crooks.

    Reply
    • Welcome to travlers I have my car stolen out of a glass shop red bluff during the night the glass shop is insured by travlers I have got the bs for two weeks finally it go t denied even thought car was in the possession of the owner glass shop travlers is crooks call the insurance comm

      Reply

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