State Farm vs. Travelers: Which Is Cheaper in 2021
When it comes to State Farm vs. Travelers, State Farm car insurance is cheaper across the board. Both receive a superior rating for financial stability, but Travelers insurance ranks below average for customer satisfaction. Use the many discounts offered to see if State Farm vs. Travelers auto insurance is cheaper for you.
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Brad Larsen
Licensed Auto Insurance Agent
Brad Larson has been in the insurance industry for more than a dozen years. He started out as a claims adjuster for a national carrier. He has since switched to the agency side of the business. Brad is licensed in all P&C lines.
Licensed Auto Insurance Agent
UPDATED: Apr 27, 2021
It’s all about you. We want to help you make the right cheap car insurance coverage choices.
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Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare cheap car insurance quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about car insurance. Our goal is to be an objective, third-party resource for everything car insurance-related. We update our site regularly, and all content is reviewed by car insurance experts.
UPDATED: Apr 27, 2021
It’s all about you. We want to help you make the right cheap car insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare cheap car insurance quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- State Farm has cheaper car insurance rates than Travelers.
- State Farm and Travelers both have superior financial ratings.
- State Farm ranks about average for customer satisfaction, while Travelers ranks below average in most regions.
There are a lot of choices out there for car insurance companies. In this article, we’ll compare State Farm vs. Travelers to see if either of these companies is the best fit for you.
To help you make a decision, we’re going to compare the pros and cons of each company based on rates, discounts, and ratings to see who can give you the best deal.
Fortunately, you don’t have to limit yourself to buy State Farm vs. Travelers car insurance. Enter your ZIP code now to compare free quotes from multiple companies near you.
Is State Farm car insurance or Travelers car insurance cheaper?
You might be surprised to learn how your car insurance rates are determined. Companies use your age, gender, marital status, driving record, and credit history to calculate your rates.
All of these factors and more will determine how affordable State Farm vs. Travelers car insurance is for you. This is why rates are different for every driver.
First, let’s look at State Farm and Travelers car insurance rates by age, gender, and marital status. It’s no surprise that young driver car insurance is very expensive, but it might surprise you to learn just how much rates vary by age.
| Age, Gender, and Marital Status | State Farm Average Annual Rates | Travelers Average Annual Rates |
|---|---|---|
| Single 17-year-old female | $4,875.91 | $7,586.79 |
| Single 17-year-old male | $6,130.77 | $11,904.09 |
| Single 25-year-old female | $1,979.45 | $2,059.71 |
| Single 25-year old male | $2,176.45 | $2,165.03 |
| Married 35-year-old female | $1,734.93 | $1,899.93 |
| Married 35-year-old male | $1,734.93 | $1,914.91 |
| Married 60-year-old female | $1,558.06 | $1,806.15 |
| Married 60-year-old male | $1,558.06 | $1,882.23 |
In general, State Farm car insurance rates are cheaper than Travelers regardless of age, gender, and marital status.
One of the most significant factors that car insurance companies look at is your driving record. Accidents, speeding tickets, and DUIs will cause your rates to skyrocket.
| Driving Record | State Farm Average Annual Rates | Travelers Average Annual Rates |
|---|---|---|
| Clean record | $2,821.18 | $3,447.69 |
| With 1 accident | $3,396.01 | $4,289.74 |
| With 1 DUI | $3,636.80 | $5,741.40 |
| With 1 speeding violation | $3,186.01 | $4,260.80 |
No matter the driving record, State Farm is the cheaper option.
Your credit score may also be factored into your car insurance rates. Car insurance companies think that if you have a higher credit score, you’re more likely to pay for damages yourself instead of filing a claim.
| Credit History | State Farm Average Annual Rates | Travelers Average Annual Rates |
|---|---|---|
| Good | $2,174.26 | $4,058.97 |
| Fair | $2,853.00 | $4,344.10 |
| Poor | $4,951.20 | $5,160.22 |
Yet again, State Farm is cheaper than Travelers for all credit backgrounds.
Some states, like California, no longer allow car insurance companies to use your credit score to determine your rates.
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Does State Farm or Travelers have better car insurance discounts?
Car insurance discounts are one of the best ways to significantly lower your rates. Most car insurance companies offer many of the same discounts, such as good student and multi-car discounts.
The table below shows you the discounts offered by State Farm and Travelers. The amount of the discount is listed if it is known. Look through this list to see which company will offer you the most discounts.
| Car Insurance Discounts | State Farm (%) | Travelers (%) |
|---|---|---|
| Anti-lock Brakes | 5 | x |
| Anti-Theft | 15 | x |
| Claim Free | 15 | 23 |
| Continuous Coverage | N/A | 15 |
| Daytime Running Lights | N/A | x |
| Defensive Driver | 5 | 10 |
| Distant Student | x | 7 |
| Driver's Ed | 15 | 8 |
| Driving Device/App | 50 | 30 |
| Early Signing | N/A | 10 |
| Full Payment | N/A | 7.5 |
| Further Education | N/A | x |
| Garaging/Storing | N/A | x |
| Good Credit | x | N/A |
| Good Student | 25 | 8 |
| Green Vehicle | N/A | 10 |
| Homeowner | 3 | 5 |
| Low Mileage | 30 | x |
| Married | x | N/A |
| Membership/Group | N/A | x |
| Military | x | N/A |
| Multiple Policies | 17 | 13 |
| Multiple Vehicles | 20 | 8 |
| Newer Vehicle | 40 | 10 |
| Occupation | N/A | x |
| On-Time Payments | N/A | 15 |
| Paperless/Auto Billing | $2 | 3 |
| Passive Restraint | 40 | x |
| Safe Driver | 15 | 23 |
| Vehicle Recovery | 5 | x |
| VIN Etching | N/A | x |
These two companies offer many of the same discounts, but there are some differences. For example, State Farm offers a military discount that Travelers doesn’t. On the other hand, Travelers offers a continuous coverage discount that State Farm doesn’t.
When you compare State Farm vs. Travelers car insurance quotes, make sure you ask about any available discounts.
How do State Farm and Travelers compare in financial strength and customer satisfaction?
A.M. Best ranks the financial stability of insurance companies. State Farm and Travelers both received an A+ rating, meaning they have a superior ability to meet their financial obligations.
Travelers insurance received an A+ rating from the Better Business Bureau, but State Farm is not rated.
J.D. Power ranks companies on customer satisfaction using factors like price, billing, claims, and what products are offered. In most regions, State Farm ranked about average, and Travelers ranked below average.
Both companies offer websites and mobile apps that allow you to access your account, pay bills, and get your proof of insurance. You can also get a Travelers or State Farm car insurance quote online.
State Farm and Travelers auto insurance also offer additional coverages, such as roadside assistance.
You can also call either company 24 hours a day if you need assistance or have questions. The Travelers insurance customer service number is 1-800-842-5075, and the State Farm number is 1-800-782-8332.
You may be wondering, “Can I get Travelers and State Farm insurance near me?” Yes, both companies are available in all 50 states.
Deciding on State Farm vs. Travelers car insurance companies can be difficult. Compare rates, discounts, and ratings to see if either is best for you. You should also compare these two with other companies to see who can offer you the best deal.
When investigating State Farm vs. Travelers car insurance rates and benefits, other companies may offer better options for you to consider. Which company is right for you? Just enter your ZIP code below to compare quotes from multiple companies near you for free.
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Brad Larsen
Licensed Auto Insurance Agent
Brad Larson has been in the insurance industry for more than a dozen years. He started out as a claims adjuster for a national carrier. He has since switched to the agency side of the business. Brad is licensed in all P&C lines.
Licensed Auto Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about car insurance. Our goal is to be an objective, third-party resource for everything car insurance-related. We update our site regularly, and all content is reviewed by car insurance experts.