Introduction
As per the National Association of Insurance Commissioners or NAIC, Travelers is said to be on the list of the top 10 largest insurance companies in the nation. Some of the offerings of the company are standard auto insurance and add-on options. It is further known to the needs of the customers hence providing active customer service.
In this article, let us dive deep into Travelers Car Insurance and learn all about its offerings and where it lacks. For people, who are in dire need of robust policies, Travelers is the best option. However, traveler insurance is available in 42 states besides Washington D.C.
| Car Insurance Company | Average Annual Rate For Good Drivers | Rating |
|---|---|---|
| Nationwide | $1,436 | 5.0 stars |
| Travelers | $1,521 | 5.0 stars |
| USAA | $1,364 | 5.0 stars |
| Erie | $1,642 | 4.5 stars |
| Geico | $1,597 | 4.0 stars |
| Progressive | $1,826 | 4.0 stars |
| Auto-Owners | $1,855 | 3.5 stars |
| Westfield | $1,984 | 3.5 stars |
| State Farm | $2,025 | 3.0 stars |
Pros
In Travelers insurance there are certain pros and cons that you need to consider if you want to find out whether Travelers is the right choice for you. The following are some of the pros of Travelers Car Insurance:
- It is lower than average annual rates
- Offers a wide range of coverage options and discounts
- It has two accidents forgivable plans
- It has comparatively lower customer complaints
- It offers competitive rates for drivers having an accident record and young drivers
Cons
Along with the pros, certain cons come with Travelers. You need to consider these cons before moving forward with the decision of insuring. The following are some of the cons that come with choosing Travelers as your insurance company.
- The option of rideshare is available in selected states only
- When it comes to the claims process, it can tedious
- In terms of auto insurance discounts, they offer decent discounts but certain discounts may not be meaningful
Types of Travelers Car Insurance Offered:
The following are the types of car insurance that Travelers offered:
Liability Coverage
It is composed of property damage liability and bodily injury that offers compensation for injuries to others. It also covers if you are involved in an accident and your vehicle is damaged because of another individual’s property. Other than this if you are involved in an accident and have caused damage to another individual then in such cases you will be covered up to the limit you select
Collision Coverage
In case your car hits another vehicle or a certain object or it is hit by another car or if your vehicle rolls over then in such cases collision coverage will pay for the damage.
Uninsured/underinsured motorist
In case you are hit by a driver who doesn’t have sufficient coverage then in such cases, this insurance will help in covering for your expenses. This kind of coverage is demanded in some states where in certain states it may be as combined coverage while in other states it may be as different coverages for underinsured or uninsured motorists.
Personal Injury Protection or PIP insurance
PIP insurance is also known as ‘’no-fault” insurance that may be required in certain selective states. Under this insurance, expenses like lost wages and the rest of the other damages irrespective of who the defaulter is in the accident involved, the expenses are covered.
Comprehensive Coverage
For non-collision damages such as hitting a deer, vandalism, storms, other natural disasters, or theft, the expenses are covered under comprehensive coverage.
Medical Payments Coverage
As the name suggests, with medical payments coverage, both you and your passenger’s expenses are covered if ever you are involved in an accident, irrespective of who’s the facilitator here. However, the coverages under this may vary from state to state.
| Driving profile | Travelers average rate | National average rate |
|---|---|---|
| Good driver, good credit | $1,681 | $1,982 |
| Recent at-fault accident, good credit | $2,376 | $2,936 |
| Recent DUI, good credit | $2,950 | $3,693 |
| Good driver, poor credit | $3,061 | $3,222 |
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Travelers’ Car Insurance Discounts
The following are some of the discounts that travel car insurance may offer to its customers:
Multi-car discount
If you issue insurance for more than one vehicle then you can save up to 18% under this discount.
Multi-policy discount
If you buy more than one insurance from Travelers then you can save up to 13%.
Safe driver discount
If you maintain a record of no traffic violations, accidents, or any kind of comprehensive claims then you are liable for a discount under this feature
Hybrid/Electric Vehicle Discount
If you have a hybrid or an electric vehicle then you can save under this discount.
Continuous insurance discount
If you have a record of continuously maintaining your car insurance then you can save up to 15%.
EFT discount
If you set an auto-pay for your premium then in such case you can save up to 2-3%>
New car discount
If you are insuring a new car then you can get up to 10% discount under this discount policy.
Early quote discount
Before getting your new policy into effect, if you get a quote then you are liable for a discount between 3-10%.
Student away at school discount
In case a driver under your policy attends a school that is more than 100 miles from the location where your car is parked then this discount will be applicable where you can save up to 7.
Intellidrive discount
If you enable the Travelers to track your driving routines as to the speed and acceleration too then this discount will be applied. However, to be available for this discount, you are required to drive less than 13,000 miles every year to qualify.
Complaints and Customer Satisfaction Level
As per the National Association of Insurance Commissioners, Travelers have witnessed fewer customer complaints. In terms of its pool of customers, it has received a satisfactory score of 80 out of 100. Thus, if you are considering getting car insurance for yourself, traveler’s insurance is worth considering.
In terms of customer satisfaction level, Travelers Car Insurance has earned a positive reputation in the industry. In J.D. Power 2021, the company scored 860 out of 1000 points besides being ranked in the sixth position in the largest insurers category.
Frequently Asked Questions (FAQs)
Q.1) Is Travelers Car Insurance a good company?
Ans. Yes, Travelers is known to be one of the good options for people who are in need of more comprehensive coverage.
Q.2) Are Travelers Car Insurance Expensive?
Ans. Travelers car insurance is known for offering one of the cheapest car insurances as compared to its competitors.
Q.3) What is the name of the states where Travelers Car Insurance sells auto insurance?
Ans. Travelers offer its auto insurance policies to most states like Washington D.C except for South Dakota, West Virginia, Michigan, North Dakota, Wyoming, Michigan, and Louisiana.
Q.4) Is Travelers Car Insurance good at paying the claims?
Ans. Yes, Travelers Car Insurance is known for having a good reputation when it comes to paying claims.
Q.5) How to file a claim in Travelers Car Insurance?
Ans. To file a claim, you can do it through the website or even the app of Travelers. However, the company encourages its customers to call if they are involved in damage or if some significant damage has occurred to their property.
Conclusion
Travelers Car Insurance hence has been one prominent player in the insurance industry. It is well renowned for offering attractive insurance policies. However, you need to understand that the exact insurance rates will depend on factors such as driving history, age, and the amount and type of coverage that you would like to get.
Along with its insurance offerings, Travelers also has a wide list of discount offers for its customers that you can benefit from. Now that you have all the information that is needed, you are all set to enjoy the Travelers insurance.