Which insurance carrier is right for you? Compare cost, pros & cons, and quotes from Travelers and Hanover.
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. In 1864, a stonecutter, James G. Batterson, and several other townsman in Hartford Connecticut began 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 Travelers Insurance 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.
In 1852, The Hanover Fire Insurance Company opened in Manhattan at Hanover Square. Author Washington Irving was one first investor. In 1864, while the U.S expanded West, The Hanover formed a general agency to service settlers. In 1866, 1800 buildings burned down in Portland, Maine. The Hanover paid all claims and helped rebuild the city. In 1871, the Great Chicago Fire destroyed more than three square miles of the city. There was $3 billion worth of losses, but the Hanover met all claim obligations. In 1872, a fire in Boston, Massachusetts burned down nearly half the city, but the Hanover paid all claims.
Below is a list of the average rates that drivers typically pay with Travelers and Hanover. On average, Travelers charges approximately $179.00 per month while Hanover comes in at around $462.76 per month. For Travelers, the cheapest state average is Idaho at $84.97 per month and the most expensive is Michigan at $249.06 per month. For Hanover, the cheapest state average is Massachusetts at $198.92 per month and the most expensive is New Jersey at $647.13 per month.
Drivers will typically get a discount if they insure multiple vehicles. Here is a list of average rates that Travelers and Hanover typically charge for drivers who have more than 1 vehicle.
|Number of Vehicles||Travelers||Hanover|
Drivers who own their home rather than rent can sometimes get a small discount. We found that on average Travelers charges $161.78 per month and Hanover charges $474.87 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 Travelers and Hanover ranked among the industry ratings.
|A.M. Best Rating||A|
|JD Power Ranking||About Average||Above Average|
|NAIC Complaint Index||0||1.28|
What coverage is available through Travelers and Hanover? Both insurance companies offer Auto, Commercial, Home, RV, and Umbrella insurance. Additional products from Travelers insurance also includes 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 Travelers and Hanover Insurance page.
Hanover offers a wide range of discounts to its policyholders, including Affinity Groups, Anti-theft Device, and Good Student discounts. However, Travelers also offers a few discounts that Hanover doesn’t, including Safe Driver, New Car, and MultiCar discounts. Start taking advantage of discounts offered by insurance providers like Hanover and Travelers insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.
|Affinity Program Discounts||Accident Prevention Course Discount|
|Continuous Insurance Discount||Affinity Groups|
|Driver Training Discount||Anti-theft Device Discount|
|Early Quote Discount||Good Student Discount|
|EFT, Paid in Full and Good Payer Discount||Hanover Platinum Experience|
|Good Student Discount||Multi-Car Discount|
|Home Ownership Discount||No-Fee Electric Funds Transfers|
|Hybrid/Electric Vehicle Discount||One Bill|
|IntelliDrive Program Safe Driving Discount||Pay-in-Full Discount|
|Multi-policy Discount||Student Away at School Discount|
|New Car Discount|
|Safe Driver Discount|
|Student Away at School Discount|
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.
The Hanover Mobile app is available for iOS and Android. With this app, you’ll be able to see vital policy information and billing information. You can also file a home or auto claim without making a phone call.
|Travelers Mobile App|
|iOS||2.7||15K user reviews|
|Android||3.3||16K user reviews|
|Hanover Mobile App|
|iOS||3.5||17 user reviews|
|Android||2.6||21 user reviews|
|Travelers Contact Info|
|Address||485 Lexington Ave New York, NY 10017|
|Hanover Contact Info|
|Address||440 Lincoln Street, Worcester, MA 01653|
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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