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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 first published on 09/19/23 and it was last updated on 03/27/24. 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 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 refund...
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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
Summary: Best Car Insurance Companies of May 2024
| Company | Forbes Advisor Rating | Our expert take |
|---|
| Nationwide | 5.0 | Best overall |
| USAA | 4.8 | Best for military members and veterans |
| Travelers | 4.7 | Great for drivers with speeding tickets |
| Erie | 4.6 | Best for drivers who caused an accident |
4 more rowsDrivers with a clean record, with an accident, or with a DUI will all find GEICO's average car insurance rates more affordable than Travelers' rates. GEICO auto insurance also outranked Travelers in most markets for customer satisfaction in the 2022 J.D. Power U.S.
What are the top 5 health insurance companies? ›
The five largest health insurance companies are UnitedHealth Group, Anthem, Kaiser Permanente, Ambetter and Humana. Currently insured?
What is the best travel insurance company? ›
The Best International Travel Insurance Providers in Detail
- Faye. Our Top Pick. ...
- Travelex. Our pick for families. ...
- Nationwide Travel Insurance. Our pick for most coverage reimbursed. ...
- Tin Leg. Our pick for customizable coverage. ...
- Berkshire Hathaway Travel Protection. ...
- Seven Corners Travel Insurance. ...
- AIG Travel Guard.
State Farm is the biggest auto insurance company in the country by market share, while Progressive, Geico and Allstate are the next three.
Who typically has the cheapest insurance? ›
The cheapest car insurance rate is $38 a month from Geico according to our research team's cost analysis of national average prices for minimum coverage. The top 10 cheapest car insurance companies are Nationwide, Geico, State Farm, Travelers, Progressive, AAA, Allstate, Chubb, Farmers and USAA.
Who is cheaper than travelers insurance? ›
Of the 10 largest car insurance companies, only Geico and USAA are cheaper than Travelers, on average.
How reliable is traveler's insurance? ›
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.
How does Travelers insurance compare to other companies? ›
Travelers car insurance
Available coverage types are similar to those offered by most other major insurance companies, and they offer a wide variety of discount options. However, Travelers receives scores less well than competitors regarding overall customer satisfaction.
What are the best and worst health insurance companies? ›
Health insurance company ratings
Kaiser Permanente is the top-rated health insurance company in the U.S. Good insurance companies include Blue Cross Blue Shield, UnitedHealthcare, Humana, Aetna and Cigna. The worst-rated health insurance companies are Oscar, Molina and Ambetter.
Best health insurance companies of 2024
- Kaiser Permanente: Best health insurance.
- Aetna: Best health insurance for young adults.
- Blue Cross Blue Shield: Best health insurance for the self-employed.
- UnitedHealthcare: Best health insurance provider network.
Commissions do not affect our editors' opinions or evaluations. Kaiser Permanente and Blue Cross Blue Shield are the best health insurance companies that offer Affordable Care Act (ACA) plans. Both companies top ratings in our analysis of quality ratings, complaints, deductibles and plans offered.
Where is the best place to get travel insurance? ›
The best travel insurance
- Santander. Times Money Mentor award winning cover. ...
- Saga. Best for over-50s. ...
- Post Office. Best for those with pre-existing medical conditions. ...
- Aviva. Best for those wanting substantial medical cover. ...
- LV= Best for a range of unique add-ons. ...
- Switched On. ...
- Just Travel Cover* ...
- InsureandGo*
Allianz is a popular choice among business travelers due to its AllTrips Executive travel insurance policy with coverage for lost, stolen or damaged business equipment and rental car insurance. Earning 4.1 out of 5 stars, our expert reviewers think Allianz is a great choice for international travel insurance.
What is a good rate for travel insurance? ›
The average cost of travel insurance is about 3% to 5% of a trip's total value, according to quotes gathered by our research team across different travel insurance providers for various traveler profiles.
What is the biggest insurance company to fail? ›
Executive Life Insurance Company (1991) - One of the largest life insurance companies in the US, it went bankrupt due to investment losses in junk bonds.
Who is State Farm's biggest competitor? ›
Considering State Farm and Geico are the two biggest auto insurance companies in the U.S., most drivers can find what they need from either company, whether that's minimum or full coverage. However, there are a few key differences between State Farm vs. Geico when it comes to auto insurance options.
What's the best car insurance coverage to have? ›
Key Takeaways
- You should carry the highest amount of liability coverage you can afford, with 100/300/100 being the best coverage level for most drivers.
- You may need to carry additional coverages to protect your vehicle, including comprehensive, collision and gap coverage.
