State Farm vs. Travelers: Which Is Cheaper in 2021

When it comes to State Farm vs Travelers, State Farm car insurance is cheaper across the board. Both receive a superior rating for financial stability, but Travelers insurance ranks below average for customer satisfaction. Use the many discounts offered to see if State Farm vs Travelers auto insurance is cheaper for you.

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Tonya Sisler has a Bachelor’s Degree from the University of South Carolina in Journalism and has worked for 15+ years in management. She has also completed a proofreading certification and is currently a professional writer.

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Brad Larson has been in the insurance industry for more than a dozen years. He started out as a claims adjuster for a national carrier. He has since switched to the agency side of the business. Brad is licensed in all P&C lines.

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Reviewed by Brad Larsen
Licensed Auto Insurance Agent

UPDATED: Mar 26, 2021

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Things to Know

  • State Farm has cheaper car insurance rates than Travelers
  • State Farm and Travelers both have superior financial ratings
  • State Farm ranks about average for customer satisfaction, while Travelers ranks below average in most regions

There are a lot of choices out there for car insurance companies. Comparing them side by side will help you pick the best company for you. We will look at State Farm vs. Travelers car insurance companies to see if either is right for you.

To make a decision, compare the pros and cons of each company based on rates, discounts, and ratings to see who can give you the best deal.

Fortunately, you don’t just have to compare State Farm vs. Travelers to find the best company. Enter your ZIP code now to compare free quotes from multiple companies near you.

Is State Farm car insurance or Travelers car insurance cheaper?

Just what factors looked at to determine your car insurance rates may surprise you. Companies use your age, gender, marital status, driving record, and credit history to calculate your rates.

All of these, and more, will be used to see how affordable State Farm vs. Travelers car insurance is for you. Keep in mind that rates will be different for every driver.

First, let’s look at State Farm vs. Travelers car insurance rates by age, gender, and marital status. It’s no surprise that young driver car insurance is very expensive, but it might surprise you to learn how much rates vary by age.

State Farm vs. Travelers Average Annual Rates Based on Age, Gender, and Marital Status
Age, Gender, and Marital StatusState Farm Average Annual RatesTravelers Average Annual Rates
Single 17-year-old female$4,875.91$7,586.79
Single 17-year-old male$6,130.77$11,904.09
Single 25-year-old female$1,979.45$2,059.71
Single 25-year old male$2,176.45$2,165.03
Married 35-year-old female$1,734.93$1,899.93
Married 35-year-old male$1,734.93$1,914.91
Married 60-year-old female$1,558.06$1,806.15
Married 60-year-old male$1,558.06$1,882.23

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In general, State Farm car insurance rates are cheaper than Travelers regardless of age, gender, and marital status.

One of the most significant factors that car insurance companies look at is your driving record. Accidents, speeding tickets, and DUIs will cause your rates to skyrocket.

State Farm vs. Travelers Average Annual Rates Based on Driving Record
Driving RecordState Farm Average Annual RatesTravelers Average Annual Rates
Clean record$2,821.18$3,447.69
With 1 accident$3,396.01$4,289.74
With 1 DUI$3,636.80$5,741.40
With 1 speeding violation$3,186.01$4,260.80

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No matter the driving record, State Farm is the cheaper option.

Your credit score is also looked at when calculating your auto insurance rates. Car insurance companies think that if you have a higher credit score, you will be more likely to pay for damages yourself and not file a claim.

State Farm vs. Travelers Average Annual Rates Based on Credit History
Credit HistoryState Farm Average Annual RatesTravelers Average Annual Rates
Good$2,174.26$4,058.97
Fair$2,853.00$4,344.10
Poor$4,951.20$5,160.22

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Yet again, State Farm is cheaper than Travelers for all credit types.

Some states, like California, no longer allow car insurance companies to use your credit score to determine your rates.

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Does State Farm or Travelers have better car insurance discounts?

Car insurance discounts are one of the best ways to significantly lower your rates. Most auto insurance companies offer many of the same discounts, such as good student and multi-car discounts.

The table below shows you the discounts offered by State Farm and Travelers. The amount of the discount is listed if it is known. Look through this list to see which company will offer you the most discounts.

State Farm vs. Travelers Car Insurance Discounts
Car Insurance DiscountsState Farm (%)Travelers (%)
Anti-lock Brakes5x
Anti-Theft15x
Claim Free1523
Continuous CoverageN/A15
Daytime Running LightsN/Ax
Defensive Driver510
Distant Studentx7
Driver's Ed158
Driving Device/App5030
Early SigningN/A10
Full PaymentN/A7.5
Further EducationN/Ax
Garaging/StoringN/Ax
Good CreditxN/A
Good Student258
Green VehicleN/A10
Homeowner35
Low Mileage30x
MarriedxN/A
Membership/GroupN/Ax
MilitaryxN/A
Multiple Policies1713
Multiple Vehicles208
Newer Vehicle4010
OccupationN/Ax
On-Time PaymentsN/A15
Paperless/Auto Billing$23
Passive Restraint40x
Safe Driver1523
Vehicle Recovery5x
VIN EtchingN/Ax

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Both companies offer many of the same discounts, but there are some differences. For example, State Farm offers a military discount that Travelers doesn’t. On the other hand, Travelers offers a continuous coverage discount that State Farm doesn’t.

When you compare State Farm vs. Travelers car insurance quotes, make sure you ask for any available discounts.

How do State Farm and Travelers compare in financial strength and customer satisfaction?

A.M. Best ranks the financial stability of insurance companies. State Farm and Travelers both received an A+ rating, meaning they have a superior ability to meet their financial obligations.

Travelers insurance received an A+ rating from the Better Business Bureau, but State Farm is not rated.

J.D. Power ranks companies on customer satisfaction using factors like prices, billing, claims, and what products are offered. In most regions, State Farm ranked about average, and Travelers ranked below average.

Both companies offer websites and mobile apps that allow you to access your account, pay bills, and get your proof of insurance. You can also get a Travelers or State Farm car insurance quote online.

State Farm and Travelers auto insurance companies also offer additional coverages, such as roadside assistance.

You can also call each company 24 hours a day if you need assistance or have questions. The Travelers insurance customer service number is 1-800-842-5075, and the State Farm number is 1-800-782-8332.

Can I get Travelers and State Farm insurance near me? Yes, both companies are available in all 50 states.

Deciding whether to buy State Farm vs. Travelers car insurance can be difficult. Compare rates, discounts, and ratings to see if either is best for you. You can also compare other companies to see who can offer you the best deal.

Now that you’ve compared State Farm vs. Travelers car insurance, enter your ZIP code to compare quotes from multiple companies near you for free.

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