State Farm vs. Travelers Insurance

Which car insurance company is right for you? Compare plans, discounts and rates from State Farm and Travelers.

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State Farm vs. Travelers: What You Need to Know

State Farm and Travelers are two of the most respected insurance carriers in the industry. They offer a wide range of insurance products and both have very high rankings among JD Power, Moody's and S&P.

State Farm was founded in 1922 by George Jacob “G.J.” Mecherle, a retired farmer and insurance salesman. Originally, State Farm was a single-line auto insurance provider, but today they offer about 100 insurance products and services in 5 lines of insurance. As of 2017, State Farm has 70,000 employees and 48,000 agents. They have the largest agency pool of any company, with agents serving 83 million policies and accounts throughout the U.S.

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 30,000 employees and 13,500 independent agents and brokers in the United States, Canada, the United Kingdom, Ireland, and Brazil.

Below is a list of average rates, rankings, products and discounts for the two companies. For full company overviews, you can visit State Farm Overview and Travelers Overview.

State Farm vs. Travelers: How much are the Average Rates?

Below is a list of the average rates that drivers typically pay with State Farm and Travelers. On average, State Farm charges approximately $157.47 per month while Travelers comes in at around $164.99 per month. For State Farm, the cheapest state average is Idaho at $72.75 per month and the most expensive is Michigan at $348.83 per month. For Travelers, the cheapest state average is Maine at $76.47 per month and the most expensive is Michigan at $248.86 per month.

State Farm

Average Rate

$157.47
Travelers

Average Rate

$164.99
National

Average Rate

$116.60
State State Farm Travelers
Alabama $151.33 $107.12
Alaska $103.55 -
Arizona $161.27 $146.74
Arkansas $108.40 -
California $191.56 -
Colorado $134.71 -
Connecticut $137.79 $150.50
Delaware $161.25 $165.30
District of Columbia $148.10 -
Florida $179.59 -
Georgia $153.66 -
Hawaii $88.68 -
Idaho $72.75 -
Illinois $108.19 $115.46
Indiana $91.20 $155.53
Iowa $79.86 $133.53
Kansas $106.93 $163.87
Kentucky $97.83 $182.28
Louisiana $197.47 -
Maine $78.15 $76.47
Maryland $181.09 -
Massachusetts $76.70 -
Michigan $348.83 $248.86
Minnesota $101.11 -
Mississippi $116.83 $177.92
Missouri $106.47 -
Montana $83.48 -
Nebraska $95.90 -
Nevada $198.15 $206.40
New Hampshire $91.16 -
New Jersey $204.14 -
New Mexico $105.65 -
New York $271.53 $223.64
North Carolina $85.38 $97.49
North Dakota $93.41 -
Ohio $90.40 -
Oklahoma $110.05 -
Oregon $109.22 $121.28
Pennsylvania $109.19 $179.36
Rhode Island $100.47 $204.33
South Carolina $109.02 $111.53
South Dakota $85.17 -
Tennessee $98.41 $124.13
Texas $122.03 -
Utah $160.18 -
Vermont $100.56 -
Virginia $90.07 -
Washington $103.95 $147.26
West Virginia $84.45 -
Wisconsin $85.76 -
Wyoming $108.79 -

State Farm vs. Travelers: Rates by Number of Vehicle

Home

Drivers will typically get a discount if they insure multiple vehicles. Here is a list of average rates that State Farm and Travelers typically charge for drivers who have more than 1 vehicle.

Number of Vehicles State Farm Travelers
1 Vehicle $147.93 $156.76
2 Vehicles $201.94 $197.41
3 Vehicles $280.61 $255.31
8 Vehicles $288.75 $
4 Vehicles $368.88 $
5 Vehicles $448.06 $
6 Vehicles $496.13 $
7 Vehicles $538.79 $

State Farm vs. Travelers: Rates by Homeownership

Home

Drivers who own their home rather than rent can sometimes get a small discount. We found that on average State Farm charges $145.65 per month and Travelers charges $151.43 per month for customers who own their home.

Own/Rent State Farm Travelers
Own $145.65 $151.43
Rent $162.39 $173.62

What Are State Farm and Travelers Insurance's Rating?

State Farm and Travelers are two of the biggest insurance carriers in the country. State Farm occupies a much bigger portion of the market share at 10.1% compared to Travelers who has just 1.8%. Both companies have excellent financial strength and JD Power ranks them as 'About Average'. Travelers has been around for 58 years longer. It was established in 1864. State Farm was founded in 1922. Overall, the two companies ratings are about the same.

Comparison State Farm Travelers
Year Founded 1922 1864
Market Share 10.1% 1.8%
Financial Strength Excellent Excellent
JD Power Rating About Average About Average
Moody's Rating A Aa2
S&P Rating AA AA
NAIC Complaint Index 2.58% 0.0

State Farm or Travelers: Insurance Products Offered

State Farm and Travelers both offer a wide range of insurance products. Both companies offer your standard types of coverage including Auto, Home, Renters, Condo, Boat, Motorcycle, and Business insurance. State Farm offers life insurance coverage but Travelers does not, they only offer term life insurance through a subsidiary. Travelers offers more niche products than State Farm, including Energy Insurance, Cyber Insurance and Construction Insurance.

Insurance State Farm Travelers
Car Insurance
Homeowners Insurance
Renters Insurance
Boat Insurance
Condo Insurance
Motorcycle Insurance
Business Insurance
Life Insurance
Wedding Insurance
Landlord Insurance
Rental Property
Short-term Disability
Off-road Vehicle Insurance
Medicare Supplement
Long-term Disability
Surety Bonds
Energy & Renewable Insurance
Financial Institutions
Manufacturing
Risk Control Services
Umbrella Insurance
Cyber Insurance
Workers Compensation
Construction Insurance
Premiums Business Audit

State Farm or Travelers: Ways to Save

Both companies offer numerous opportunities for discounts. Both State Farm and Travelers offer Multi-car, Multi-policy and Student discounts. Travelers offers a few additional discounts that State Farm doesn't, including Driver Training, Affinity Program Discounts, and Early Quote discounts.

State Farm Travelers
Defensive Driving Discount Multi-policy Discount
Good Driving Discount Home Ownership Discount
Passive Restraint Discount Continuous Insurance Discount
Multiple Auto Discount New Car Discount
Accident-Free Discount Early Quote Discount
Student Away at School Discount Student Away at School Discount
Vehicle Safety Discount Affinity Program Discounts
Anti-theft Discount MultiCar Discount
Multiple Line Discount Safe Driver Discount
Safe Driver Discount Hybrid/Electric Vehicle Discount
EFT, Paid in Full and Good Payer Discount
Good Student Discount
Driver Training Discount
IntelliDrive Program Safe Driving Discount

Pros & Cons of State Farm & Travelers

Pros

State Farm
  • State Farm is the largest auto insurer in the U.S and offers insurance in all states
  • There are more than 19,000 captive agents across the country so it’s easy to find an agent in your area.
  • State Farm offers a range of insurance packages and is the #1 insurer for watercraft.
  • The State Farm app is an award-winning tool for managing your insurance and bank account.
Travelers
  • Unlike other carriers who only offer it for the first two or three years, Travelers’ new car replacement covers the first five years.
  • Travelers offers accident forgiveness.
  • Offers ride sharing insurance.
  • Discounts on hybrids and electric vehicles.

Cons

State Farm
  • State Farm does not offer accident forgiveness options.
Travelers
  • Prices tend to be high.

State Farm or Travelers Mobile Apps Options

The State Farm 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.

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.

State Farm Mobile App
OS      4.8 15K user reviews
Android      4.1 16K user reviews
Travelers Mobile App
iOS      2.7 15K user reviews
Android      3.3 16K user reviews

State Farm & Travelers Contact Info

State Farm Contact Info
Address One State Farm Plaza, Bloomington, IL 61710
Phone 1-800-732-5246
Website https://www.statefarm.com
Facebook https://www.facebook.com/statefarm
Twitter https://twitter.com/statefarm
Youtube https://www.youtube.com/statefarm
Linkedin https://www.linkedin.com/company/state_farm/
Travelers Contact Info
Address 485 Lexington Ave New York, NY 10017
Phone 1-800-328-2189
Website https://www.travelers.com
Facebook https://www.facebook.com/travelers
Twitter https://twitter.com/travelersinsurance
Youtube https://www.youtube.com/user/travelersinsurance
Linkedin https://www.linkedin.com/company/travelers

Methodology
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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