Aig vs. Travelers: Which Company is the Best Fit for You?

Quick Facts

• Looking at the national averages for car insurance, Travelers offers significantly cheaper prices than Aig
• Travelers has more affordable rates for drivers who have received a ticket within the last few years
• Travelers offers less expensive average prices for drivers who have an at-fault accident on their record

Aig vs. Travelers: Which Company has the Cheapest Car Insurance?

So, you're considering switching your auto insurance. After all, you've seen ads from all sorts of companies offering big discounts. But exactly how much can you save by switching?

You've maybe even narrowed it down to Aig or Travelers, but between the two, which one will offer you more affordable rates?

Looking at nationwide averages, Travelers is quite a bit cheaper than Aig, with premiums averaging $167 per month compared to $267 with Aig.

That being said, that doesn't mean Travelers will necessarily be less expensive than Aig for each driver. Insurance companies vary their rates depending on things like how good your credit score is, where you live, how old you are, how clean your driving record is, and a variety of other factors. So, at the end of the day, prices from each carrier will differ quite a bit from person to person.

So, if you want to find out which of Aig or Travelers is really the best for you, keep reading to see average premiums for each company broken down by a variety of different rate factors.

Aig or Travelers: Average Car Insurance Rates by State

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But there's more to calculating auto insurance prices than just your home state. Read on to learn more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers usually pay a lot more for car insurance than any group on the road. The reason is that young, inexperienced drivers are statistically much more likely to get into accidents since they have less experience on the roads.

But that doesn't mean that teen drivers have to just accept sky-high insurance premiums. As you can see above, teens who use Travelers save more than $60 a month compared to those who use Aig.

However, both carriers will offer you dramatically lower prices by the time drivers turn 25. Travelers offers the steepest drop, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. Aig's average rates decrease nearly 35% during that same period.

Which is the Best Company for Retired Drivers?

When it comes to auto insurance, patience and experience pay off, with drivers around retirement age paying some of the lowest prices you'll ever find.

But who has the best premiums for retired drivers between Aig and Travelers? Travelers gets the edge, with rates for drivers 65 and older $87 cheaper than the national average for Aig.

Which is the Best Company for Married Drivers?

Did you know that car insurance prices are typically more expensive for single policyholders than they are for married policyholders? That's because policies for married couples normally cover several cars, which quite a few companies will offer you a discount for.

When it comes to relationship status, Travelers is the clear winner for those who are single, with premiums about $96 per month less expensive than Aig, on average. The advantage for married drivers with Travelers is also obvious, where drivers save almost 45% a month.

Aig vs. Travelers: Average Rates by Gender

Men are statistically more likely than women to cause a collision and get into accidents, which means they'll generally end up paying more for auto insurance than women.

With Aig, women usually pay around $15 per month less than men, and about $11 less with Travelers.

Looking at the data for each carrier specifically, Travelers comes out as the most affordable option for both genders, with average rates 37% less for men and 38% cheaper for women.

Aig or Travelers: Compare State Minimum vs. Full Coverage Rates

*State minimum value indicates liability-only policies at each state's minimum bodily injury and property damage (BI/PD) limits

**Full coverage indicates state minimum BI/PD limits with collision and comprehensive coverages added to policy.

For most people, insurance can be pretty complicated. Everyone needs auto insurance, but there are so many different coverages and terms that it can be hard to find the right policy.

The two most common policies that many drivers look at fall into two categories -- liability only (which covers the other party's injuries and property damage if you cause an accident) and full coverage (which includes comprehensive and collision coverages that protect your own vehicle, alongside liability).

If you're looking for state minimum limits for liability insurance, Travelers typically offers more affordable prices of $108 compared to Aig's $129. When it comes to full coverage policies with similar limits, Travelers again has the edge, with policies around $200 a month cheaper than Aig, on average.

Is Aig or Travelers Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

Accidents and tickets will most likely raise your premiums, but is Aig or Travelers less expensive for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Aig policyholders can expect their rates to go up an average of $73 per month if they get a ticket, while Travelers generally raises prices about $32 a month, on average.

Even so, Travelers is normally the more affordable option for both drivers who have a recent speeding ticket and those with clean records, offering premiums that are $94 and $135 cheaper, respectively, compared to AIG.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their car insurance through Aig can expect to see around an $83 -- or about 27% -- increase in their insurance rates. Drivers who use Travelers for their auto insurance will see a monthly bill around $45 (or 26%) more expensive after reporting a collision to their car insurance company.

Overall, drivers who use Travelers end up with the cheaper prices after an accident, with monthly prices averaging $173 compared to AIG's $305.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge on your record, it's probably going to cost you more than a simple ticket or even an accident. Travelers drivers usually see a 38% increase in their insurance rates after a DUI charge, while Aig will typically raise premiums by about 10%.

How does Credit Score Impact Aig and Travelers Rates?

Did you know that many auto insurance carriers take into account your credit score when calculating rates? This isn't always the case (Hawaii, for example, has banned the use of credit score as a rating factor) but it will come into play for a lot of drivers.

Car insurance companies argue that someone with good credit is more likely to pay their bills on time, which makes them less risky to insure. Because of that, policyholders with good credit will often be rewarded with less expensive premiums.

So, which carrier offers the cheapest prices for drivers with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Aig or Travelers Better for Drivers who Work from Home or Have Short Commutes?

Did you know that the amount of time you spend in your car have a large impact on your monthly premiums? That's because the fewer miles you drive, the less likely you are to get into a collision and cause an insurance claim.

Travelers tends to be the more affordable option for both drivers who put 6,000 miles on their vehicles annually, as well as those who average twice that figure. Travelers's average prices for drivers with 6,000 annual miles come in around $99 cheaper than Aig. Those who drive 12,000 miles yearly can expect to pay about $102 less with Travelers over Aig.

Aig vs. Travelers: Compare Rates for Urban, Suburban, and Rural Drivers

Where your home is can play a sizable role in how much you pay for insurance. Generally, policyholders who live in less densely populated rural areas will pay quite a bit less than urban drivers because there are a lot fewer cars on the roads in those areas.

Travelers tends to offer the lowest rates for drivers in all types of areas, no matter if they're urban, suburban, or rural.

Policyholders in rural ZIP codes see the cheapest premiums from both carriers, but Travelers comes out on top with average rates around $136 monthly. Travelers also has less expensive average prices for drivers in urban and suburban ZIP codes -- a $126 and $124 per month respective difference when compared to Aig policyholders in similar areas.

Aig vs. Travelers Discounts

You want to save as much money as possible, right? The best way to do that is by utilizing as many auto insurance discounts as you can.

The challenging part is finding all of the discounts you can take advantage of, since it can feel sometimes like every carrier has different discounts and each one is advertised differently.

Below, we've compared all of the different discounts offered by Aig and Travelers so that you can easily see which company offers the most discounts and, therefore, the biggest savings.

Travelers blows Aig away when it comes to the sheer amount of discounts available, offering 25 different discounts to Aig's 13.

A couple of those are overlapping for things like ABS discounts, anti-theft discounts, distant student discounts, and multi-policy discounts. Travelers also offers alternative fuel discounts, continuous insurance discounts, COVID-19 relief discount, and more that Aig does not.

On the flip side, Aig has a couple unique discounts of its own -- guard gated discounts, low mileage discounts, minor child discounts, and more.

Final Thoughts: Is Aig or Travelers Best for You?

So, you've seen how different factors can affect your car insurance premiums. We've broken down the different discounts each company offers, too. That's all well and good, but when it comes down to it, which insurance carrier is the right fit for you?

Travelers might be best for you if....

• Your driving record contains an at-fault collision.
• You want basic insurance coverage at the state minimum limits.
• You're buying auto insurance for a teen and looking for a wallet-friendly option.

Aig might be best for you if...

• You have a more unique driver profile than those we mentioned above.

We hope this guide helps you get a good idea of the differences between Aig and Travelers. We also hope we've given you the information you need to make the best decision when it comes to your car insurance.

At the end of the day, the best way to make sure you're getting the best deal on your insurance policy is to compare quotes from multiple companies, not just Aig and Travelers. Luckily, sites like Compare.com do all the hard work for you. Simply enter your ZIP codes below and get multiple quotes from some of the best car insurance carriers in your area, all for free.

Aig vs. Travelers FAQs

Is Aig or Travelers cheaper?

Looking just at the national average rates, Travelers is the more affordable of the two companies, offering average rates of $167 a month compared to $267 for Aig. But Travelers won't necessarily be the most affordable company for every driver, since there are many different variables (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, Aig or Travelers?

Unfortunately, the real answer is "it depends.". No one carrier is necessarily "better" for each driver -- it all boils down to your unique auto insurance profile.

Why do Aig and Travelers offer me different rates?

Car insurance carriers take a look at several different factors when determining the premiums they charge drivers. Things such as your driving record, gender, where you park your vehicle, age, and sometimes even things like your credit score can all be used. Both Aig and Travelers calculate prices differently, so each one will most likely offer different premiums. The only real way to see which company is the lowest for you is by comparing personalized quotes from multiple different companies.

How do I know if Aig or Travelers is right for me?

The only way to find the auto insurance carrier that's right for you is by getting quotes from a handful of carriers and finding the one best suited for your individual budget. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code and you'll get free quotes from dozens of the best insurance companies in your area. With those, you can guarantee you're getting the best premium. And who knows, the best company for you might not be Aig or Travelers at all!

Methodology

All of the data referenced in this article has been gathered in collaboration with Quadrant Information Services. We analyzed more than 2.5 million rows of carrier-reported data to calculate the average rates referenced above. All rates are based on an insurance profile of a single-vehicle policy for a driver that owns a 2016 Honda Accord. For more information on how we calculate rates, please reference our data methodology.