Travelers has been providing coverage to it's customers since 1864. Learn more about the company, discounts, and rates they offer.
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.
The Traveler’s logo of the protective red umbrella was introduced in 1960. In 1968 Travelers used modified RVs as a mobile claim office to assist policyholders after disasters. In 1969, they issued accident policies for space flight and lunar exploration. In 1997, they launched an insurance policy to protect people who do their personal banking online. In 1999, they offered identity fraud expense reimbursement coverage. On April 1, 2004, Travelers merged with the St. Paul Companies Inc., forming one of the largest casualty insurers and financial services firms. In 1993, Travelers was acquired by the Primerica conglomerate, which renamed itself Travelers Group and in 1996 bought the casualty and property insurance businesses of the Aetna Life and Casualty Company. A year later, Travelers bought Salomon Brothers Inc and merged the investment bank with its own Shearson-Smith Barney to form Salomon Smith Barney Holdings Inc, which became one of the largest Amerian securities firms. In 1998 Travelers merged with Citicorp to form Citigroup, which spun off in 2002 into the property and casualty insurance business to form Travelers Property Casualty Corp. Today these companies share one name, The Travelers Companies, Inc.
In 2006 Travelers Insurance began offering a discount to drivers of hybrid vehicles and still does today. In 2016, Travels created the first predictive model to help injured employees avoid chronic pain and opioid use. From 1995-2018, Travelers has made the Fortune 500 and from 2008-2017 they made Barron’s 500. From 2006-2018, they made Fortune’s World’s Most Admired Company list. In 2019, they made Forbes Most Just Companies list. From 2014-2017 the NAIC awarded them the largest U.S. workers’ compensation and commercial auto carrier. The culture at Travelers is just as impressive. Travelers have been ranked as a military friendly company, employer and brand by Viqtory for several consecutive years. The company made it to the Best for VETS Index from 2019-2019 and was ranked as a top veteran-friendly company in U.S Veterans magazine, 2014-2017. Travelers also won best employers by Forbes (2015-2018) and by Glassdoor (2018-2019). It was voted best employers for diversity (Forbes, 2019) and for Women (Forbes, 2019). The Human Rights Campaign Foundation awarded Travelers Insurance as Best Place to Work for LGBTQ Equality (2016-2019) and the Amerian Association of People with Disabilities voted it as the Best Place to Work for Disability Inclusion (2018).
|JD Power Ranking||About Average|
|NAIC Complaint Index||0.0|
|iOS||2.7||15K user reviews|
|Android||3.3||16K user reviews|
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.
Travelers have excellent ratings, including an A++ from A.M. Best Rating and an A+ from the BBB.
You can get a quote on Traveler’s website or you compare multiple quotes from different carriers here on SmartFinancial.
No, Travelers doesn’t offer a military discount for car insurance.
If you’re in an accident that is deemed your fault and your tires get damaged or need to be replaced, you’ll have to pay the deductible on your collision coverage before insurance will pay to repair or replace your tires.
Multi-policy Discount, MultiCar Discount, Home Ownership Discount, Safe Driver Discount, Continuous Insurance Discount, Hybrid/Electric Vehicle Discount, New Car Discount, EFT, Paid in Full and Good Payer Discount, Early Quote Discount, Good Student Discount, Student Away at School Discount, Driver Training Discount, Affinity Program Discounts, IntelliDrive Program Safe Driving Discount
If you buy car insurance from Travelers, your insurance agent can either show you how you can print out your proof of insurance or mail it to your address.
Contact your insurance agent to find out how much your car insurance would cover you in the event that you had an accident in a rental car. Often, but not always, your insurance travels with you.
Travelers insurance is the first insurer to offer reimbursement coverage for identity fraud expenses to help repair the harm that has been done. Coverage is up to $25,000 with no deductible. It may cover medical fraud, travel expenses, replacement of government issued ID, lost wages (up to $1,000 a week for up to 5 weeks), attorney’s fees, services to reclaim identity and restore credit.
Travelers insurance has some of the highest ratings and the lowest number of complaints.
If you own or lease a hybrid or electric car you can save on your Travelers auto insurance.
Travelers Insurance offers a hybrid/electric vehicle discount. However, your rate is greatly dependent on the value of the car.
|Car Insurance||Home Insurance|
|Renters Insurance||Condo Insurance|
|Landlord Insurance||Boat & Yacht Insurance|
|Wedding & Events Insurance||Umbrella Insurance|
|Jewelry and Valuable Items Coverage||Affinity Car & Home Program|
|Commercial Auto and Trucking||Cyber Insurance|
|General Liability||Management & Professional Liability|
|Commercial Property||Small Business Owner’s Policy|
|Surety Bonds||Workers Compensation|
|Energy & Renewable Insurance||Construction Insurance|
|Risk Control Services||Premiums Business Audit|
|Risk Management Information Services|
This form of protection covers bodily injuries to a third party in an accident that was deemed your fault.
This form of protection covers property damage and loss of use to a third party.
This insurance pays for damages and loss other than that caused by a collision. It is subject to a deductible.
This insurance pays for damages and loss caused by impact with another automobile, object or person. It is subject to a deductible.
This type of protection will cover you if you’ve been injured in an accident, regardless of who’s at fault. Coverages include income continuation, loss of services, funeral expenses and child-care expenses.
This coverage takes care of renting a vehicle while yours is being repaired for more than 24 hours.
This protection pays for medical expenses if you’re injured in a vehicular accident caused by someone who doesn’t carry liability insurance or whose liability limits are lower than necessary.
This coverage sends assistance if you have a roadside breakdown.
If you drive for a rideshare company like Uber or Lyft, this coverage protects you during that period of time when you’re covered by neither your personal auto insurance nor your rideshare company’s insurance.
Gap insurance takes care of your expenses if your loss is greater than what’s covered by your policy. For instance, if you still owe $33,000 on a car but it’s valued at 30,000, you will still have to pay off $3,000 if it’s a total loss. Gap insurance would cover that remaining balance.
If you total your car in the first five years, this coverage pays to replace it with a brand new car of the same make and model.
The Travelers Responsible Driver package includes accident forgiveness. This feature forgives one accident every 36 months.
The Travelers Responsible Driver package includes minor violation forgiveness. It forgives one minor violation every 36 months.
|Multi-policy Discount||MultiCar Discount|
|Home Ownership Discount||Safe Driver Discount|
|Continuous Insurance Discount||Hybrid/Electric Vehicle Discount|
|New Car Discount||EFT, Paid in Full and Good Payer Discount|
|Early Quote Discount||Good Student Discount|
|Student Away at School Discount||Driver Training Discount|
|Affinity Program Discounts||IntelliDrive Program Safe Driving Discount|
Below is a list of the average rates that drivers typically pay with Travelers. On average, Travelers charges approximately $162.18 per month. The cheapest state average is Idaho at $88.94 per month followed by North Carolina at $89.92 per month. The most expensive state average is Rhode Island at $228.21 per month.
|State||Avg monthly rate|
|State||Avg monthly rate|
Drivers typically will get a discount if they insure multiple vehicles. Here is a list of average rates that Travelers charges for drivers who have more than 1 vehicle.
|Number of Vehicles||Avg Monthly Rate|
Customers who own their home rather than rent can sometimes get a small discount. We found that on average Travelers charges $144.94 per month for drivers who own their home and $169.40 per month for those who rent.
|Own/Rent||Avg Monthly Rate|
|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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