Travelers auto and home insurance review: Get affordable rates with many discounts

Travelers insurance pros and cons

Travelers offers auto insurance at a competitive rate 

Travelers auto insurance ranks #13 in J.D. Power’s auto claims satisfaction survey. It offers a host of discount opportunities for safe drivers, young drivers, and even homeowners. Like most insurance providers, Travelers has savings for bundling multiple insurance products. 

Travelers auto insurance also has an affinity program for members or employees of Traveler’s participating businesses. To find out if you qualify for this program, call Travelers at 855-914-5530. Additionally, you can receive a discount for enrolling in its IntelliDrive program, a 90-day program that tracks your driving habits via smartphone app. Being a good driver will earn you additional savings. (Alternatively, being a risky driver may increase your premiums.)

Most auto insurers offer four primary coverage types: comprehensive, collision, liability (required by most states), and full coverage. Your lender may require comprehensive collision coverage if you lease and finance your car. 

Traveler auto insurance rates

Traveler’s auto insurance rates are relatively inexpensive for drivers with a clean record, a DUI, an at-fault accident on record, and a speeding ticket. It is on par with national average rates, slightly more expensive than Erie insurance, and significantly more inexpensive than Safeco, according to data from Insurify — an independent insurance shopping tool.

However, rates will vary based on driving record, car usage, location, age, gender, the car you drive, and a host of other factors, according to the Insurance Information Institute (III). To get an accurate quote visit Travelers insurance. 

Source: Insurify 

Traveler auto insurance features and discounts

• Multi-policy discount — Save up to 13% for bundling your auto and home insurance policy. 
• Multicar discount — Get a discount for insuring multiple cars. 
• Homeownership discount — Receive a discount for owning a home. 
• Safe driver discount —  Save on your premium if you’ve been claim-free for three to five years. 
• Continuous insurance discount —  Get a discount for being insured with Travelers with no gaps in your coverage.
• Hybrid/EV discount —  Receive a discount for insuring a hybrid or an electric vehicle. 
• New car discount —  Get a discount if you own a car less than three years old. 
• Payment discount —  Get a discount for enrolling in electronic funds transfer, payroll deduction, or paying your premiums consistently on time. 
• Early quote discount —  Receive a discount if you obtain a Travelers quote before your current policy expires. 
• Good student discount —  Students in high school or college with a “B” average, may qualify for a discount. 
• Student away at school discount —  If your child goes to school at least 100 miles away and leaves their car at home, they may qualify for a discount. 
• Driver training discount — Young drivers who complete an approved drivers education course will receive a discount. 
• Affinity program — Members of participating Traveler businesses will receive savings and benefits on their insurance policies. 
• IntelliDrive Program — IntelliDrive is a 90-day program that uses your smartphone to track driving behavior. Earn a discount by enrolling in the program and get savings by having safe driving habits. 

Travelers homeowners insurance is slightly more expensive than its competitors

Travelers homeowners insurance ranks #19 in J.D. Power’s homeowners insurance customer satisfaction survey. 

Travelers homeowners insurance offers discounts for bundling your insurance policies and installing home safety devices. You can also get a discount for being claim-free within a certain period of time. If you’ve recently purchased a home, or if your home is considered environmentally friendly, you may qualify for additional savings. 

Homeowners insurance protects your dwelling, personal belongings, and offers personal liability coverage for injuries that happen on your property.

Travelers homeowners insurance quotes

Based on 1,198 quotes generated by Insurify, the average cost for a Travelers homeowners insurance policy is $1,304 a year. The average annual premium in the United States in 2019 was $1,272, according to the most recent data from the Insurance Information Institute.  

Traveler’s home insurance is slightly more expensive than the national average and its competitors. However, your homeowners insurance premium will be based on a variety of factors including your home’s value. Be sure to speak to a Travelers agent to obtain an accurate quote.

Source: Insurify 

Traveler homeowners insurance features and discounts

• Multipolicy discount — Save up to 12% when you bundle your auto and home insurance policy. 
• Homebuyer discount — Customers who purchased their home within 12 months prior to the policy’s state date may qualify for a discount. 
• Loss-free discount — Get a discount for being loss-free within a specified period of time. 
• Protective device discount — Receive a discount for having home safety features like smoke detectors and burglary alarms. 
• Green home discount — Get up to 5% off of your home if it is “green home” certified by the Leadership Energy and Environmental Design organization. 

Travelers renters insurance is also slightly more expensive than the competition

Travelers renters insurance doesn’t rank in J.D. Power’s renters insurance customer satisfaction survey. 

Travelers renters insurance offers discounts for bundling insurance products and being claim-free within a certain frame of time. You may also qualify for a discount if you install protective devices like smoke detectors, burglary alarms, and smart technology. 

Renters insurance will cover your personal property in the event of damage and theft. Your landlord is responsible for insuring the building and structure. A renters insurance policy has three main parts: personal property coverage, personal liability coverage, and “loss of use” coverage.

Travelers renters insurance quotes

Travelers renters insurance starts at $17 per month. Its premiums are a tad more expensive than the national average, which is $179 per year, or about $15 per month. Travelers is also costlier than its competitors — Erie Insurance and State Farm. 

Source: Insurify 

Travelers renters insurance features and discounts

• Multipolicy discount — Save up to 5% when you bundle your auto and home insurance policy. 
• Loss-free discount — Get a discount for being loss-free within a specified period of time. 
• Protective device discount — Receive a discount for having home safety features like smoke detectors and burglary alarms. 

Travelers offers accident and illness pet insurance as well as preventative care coverage

Travelers pet insurance offers various pet insurance policies: accident-only, accident and illness, and wellness care. 

With Travelers pet insurance, you can visit any licensed vet, specialist, or emergency clinic anywhere in the US or Canada. There are no upper age restrictions for your cat or dog, so pets over eight weeks old qualify for coverage. 

Travelers pet insurance offer a multiple pet discount of 10% and a 10% discount for already being a Traveler’s policyholder. Speak to an insurance agent to obtain a quote and to inquire about discounts that you may qualify for. 

Pet insurance usually offers two types of coverage: accident-only and accident and illness coverage. Wellness plans are usually available for additional purchase. 

Accident-only coverage only reimburses the cost of injuries your pet suffers as a result of an accident. Accident and illness policies cover both accidents and sickness or diseases your pet develops after your policy begins. No pet insurance carrier covers pre-existing conditions, but curable pre-existing conditions may qualify for coverage 

Travelers vs. Erie Insurance 

Availability	Regional presence	Regional presence
Types of insurance offered	Auto, homeowners, renters, pet	Auto, homeowners, renters, life, pet
Auto insurance claim’s satisfaction (out of #18)	#13	#2
Homeowners insurance customer satisfaction (out of #21)	#19	#3
Renters insurance customer satisfaction (out of #9)	N/A	N/A
Life insurance customer satisfaction (out of #21)	N/A	N/A
Financial Strength	A++ (Superior)	A+ (Superior)

Travelers and Erie Insurance both offer auto, homeowners, renters insurance, and pet insurance. Travelers, however, does not offer life insurance. Erie ranks higher than Travelers in both auto and homeowners insurance customer satisfaction, but Travelers ranks higher in terms of financial strength. Erie is the cheaper option for both home and auto insurance. 

Travelers vs. Safeco

Availability	Regional presence	Regional presence
Types of insurance offered	Auto, homeowners, renters, life, pet	Auto, homeowners, renters, pet
Auto insurance claim’s satisfaction (out of #18)	#13	#12
Homeowners insurance customer satisfaction (out of #21)	#19	#16
Renters insurance customer satisfaction (out of #9)	N/A	N/A
Life insurance customer satisfaction (out of #21)	N/A	N/A
Financial Strength	A++ (Superior)	A (Excellent)

Travelers and Safeco are both providers that offer auto, homeowners, renters, and pet insurance. Neither offer life insurance. Safeco ranks higher than Travelers in both auto and homeowners insurance customer satisfaction, but Travelers ranks higher in terms of financial strength. Travelers is the cheaper option for auto insurance, and Safeco is the cheaper option for homeowners insurance. 

Is Travelers insurance trustworthy? 

Among all policy types, the NAIC Complaint Index shows that Travelers has significantly fewer complaints compared to other top insurance companies. The National Association of Insurance Commissioners (NAIC) is an insurance regulatory organization that protects consumer interests. The complaint index compares a company’s performance to other performance of other providers in the industry.

Travelers’ financial stability is good, with an AM’s Best rating of A++ (Superior). AM’s Best is a credit rating agency that assesses an insurance company’s ability to pay claims to its policyholders. A company that receives an A++ to B+ is stable in financial strength, while anything lower than a B means that a company is unstable or unable to meet its financial obligations. 

While Travelers is a legitimate insurance provider, it’s important to do your own research to ensure that Travelers is the right insurance company for you. 

Frequently asked questions — Travelers

Where is Traveler’s insurance offered? 

Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington DC, Wisconsin.

How do I get a quote from Travelers? 

You can find a local insurance agent by using Traveler’s agent locator tool. Or you can use Traveler’s online quoting tool to get a policy estimate in minutes. 

How do I contact Travelers insurance? 

Here is the contact information of various departments at Travelers: 

• Quoting service: 1.866.232.2311
• Billing and policy: 1.800.842.5075
• Report a claim: 1.800.252.4633
• Status of claim: 1.800.252.4633
• Technical assistance: 1.877.754.0481
• Roadside assistance: 1.877.754.0481

This content was originally published here.