Which car insurance company is right for you? Compare plans, discounts and rates from State Farm and Travelers.
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 the average rates that drivers typically pay with State Farm and Travelers. On average, State Farm charges approximately $167.70 per month while Travelers comes in at around $201.54 per month. For State Farm, the cheapest state average is Idaho at $67.26 per month and the most expensive is Michigan at $339.09 per month. For Travelers, the cheapest state average is Maine at $85.84 per month and the most expensive is New York at $283.66 per month.
|District of Columbia||$143.06||-|
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|
Drivers who own their home rather than rent can sometimes get a small discount. We found that on average State Farm charges $160.07 per month and Travelers charges $192.18 per month for customers who own their home.
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.
|JD Power Rating||About Average||About Average|
|NAIC Complaint Index||2.58%||0.0|
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.
|Off-road Vehicle Insurance||✔||✔|
|Energy & Renewable Insurance||✔|
|Risk Control Services||✔|
|Premiums Business Audit||✔||✔|
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.
|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|
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 Contact Info|
|Address||One State Farm Plaza, Bloomington, IL 61710|
|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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