Which insurance company is right for you? Compare products, savings, and quotes from Farmers and Travelers.
Farmers Insurance began selling insurance a year before the Great Depression and survived to become a household name. Founders John C. Tyler and Thomas E. Leavey started off by going farm to farm to gain their first policies. They specifically lowered rates for farmers and ranchers because they understood that these occupations posed fewer risks with their vehicles. By 1928, they were able to open an office in downtown Los Angeles. During the Great Depression, Farmers was one of the few companies that were able to pay claims. When a devastating earthquake hit Los Angeles, Farmers paid out claims for damaged cars and became the first insurance company to offer comprehensive insurance.
For more than 160 years Travelers Insurance has been protecting homes, cars, valuables, and businesses. Today they have the reputation of being one of the best property and casualty companies in the industry and are the only one in the Dow Jones Industrial Average. The company has 30,000employees and 13,500 independent agents and brokers in the United States, Canada, the United Kingdom, Ireland, and Brazil. In 1864, a stonecutter, James G. Batterson, and several other townsman in Hartford Connecticutbegan organizing a company to introduce accident insurance to the U.S.James E. Bolter, a local banker, asked Batterson how much he’d charge to insure his four-block home. Batterson said it would cost “two cents.”Today, the two-cent “premium” is Traveler’s treasured souvenir. The following year, Travelers began selling life insurance and in 1897 they issued their first automobile insurance policy. In 1889, they offered liability insurance to employers (workers compensation). By 1901 TravelersInsurance offered health and liability insurance. In 1903, they opened an insurance school and the following year organized a corps of safety engineers. In 1919, Travelers offered aircraft liability insurance with a full aviation program. During World War II, Travelers underwrote the Manhattan Project, the building of the first atomic bomb. In 1956, they established a weather research center and two years later offered life insurance to women at lower rates than men.
Below is a list of the average rates that drivers typically pay with Farmers and Travelers. On average, Farmers charges approximately $278.15 per month while Travelers comes in at around $178.78 per month. For Farmers, the cheapest state average is North Dakota at $116.33 per month and the most expensive is Michigan at $830.10 per month. For Travelers, the cheapest state average is Idaho at $84.22 per month and the most expensive is Michigan at $248.90 per month.
Drivers will typically get a discount if they insure multiple vehicles. Here is a list of average rates that Farmers and Travelers typically charge for drivers who have more than 1 vehicle.
|Number of Vehicles||Farmers||Travelers|
Drivers who own their home rather than rent can sometimes get a small discount. We found that on average Farmers charges $282.15 per month and Travelers charges $161.47 per month for customers who own their home.
Which car insurance company is better? We've made it easy to compare companies side by side. See how Farmers and Travelers ranked among the industry ratings.
|A.M. Best Rating||A-|
|JD Power Ranking||About Average||About Average|
|NAIC Complaint Index||0.8||0|
What coverage is available through Farmers and Travelers? Both insurance companies offer Auto, Commercial, Home, RV, and Umbrella insurance. Additional products from Travelers insurance also include Condo, Health, and Renters insurance. Considering these two top insurance providers? Check out the list below. To view a full list of products that are available, visit Farmers and Travelers Insurance page.
Farmers offers a wide range of discounts to its policyholders, including Distant Student, Electronic Funds Transfer (EFT), and Good Student discounts. Whereas, Travelers also offers a few discounts that Farmers doesn’t, including Student Away at School, Safe Driver, and New Car discounts. Start taking advantage of discounts offered by insurance providers like Travelers and Farmers insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.
|Alternative Fuel Discount||Affinity Program Discounts|
|Distant Student||Continuous Insurance Discount|
|Electronic Funds Transfer (EFT) Discount||Driver Training Discount|
|Good Student||Early Quote Discount|
|Homeowner Discount||EFT, Paid in Full and Good Payer Discount|
|Multi-Car Discount||Good Student Discount|
|Multi-policy Discount||Home Ownership Discount|
|Occupational Discount||Hybrid/Electric Vehicle Discount|
|Pay-in-Full Discount||IntelliDrive Program Safe Driving Discount|
|Teen Driver Discount||Multi-policy Discount|
|Transfer Discount||MultiCar Discount|
|New Car Discount|
|Safe Driver Discount|
|Student Away at School Discount|
The Farmers app is available for iOS and Android. The Farmers Mobile App allows you access to self-service features.
The Travelers Mobile app is available for iOS and Android. This award-winning mobile app can help manage insurance and banking accounts, request roadside service, file and track claims and pay bills.
|Farmers Mobile App|
|iOS||4.8||3K user reviews|
|Android||4||3K user reviews|
|Travelers Mobile App|
|iOS||2.7||15K user reviews|
|Android||3.3||16K user reviews|
|Farmers Contact Info|
|Address||6301 Owensmouth Avenue, Woodland Hills, CA 91367|
|Phone||1 (800) 974-6755|
|Travelers Contact Info|
|Address||485 Lexington Ave New York, NY 10017|
The statistics listed on this page are from our own in house reporting. We track and record quotes that carriers have provided based on various criteria. The rates and averages shown on this page should only be used as an estimate.
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