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

Quick Facts

• In general, Buckeye offers significantly more affordable prices than Travelers
• Buckeye has less expensive rates for drivers who have a speeding ticket on their driving record
• Travelers may help you save more money -- they offer more discounts than Buckeye Insurance Group

Buckeye or Travelers: Which Company has the Cheapest Car Insurance?

So, you're considering switching to a new insurance policy. You've probably seen commercials and billboards from companies offering hefty savings, but exactly how much money can you save by switching?

You've maybe even narrowed it down to Buckeye or Travelers as your top options, but which company will save you the most?

Looking at nationwide averages, Buckeye is around $35 a month more affordable than Travelers.

But Buckeye may not be the cheapest or best option for each driver out there. Auto insurance carriers use tons of complex algorithms to determine prices, so depending on how old you are or where you live (among quite a few other factors), you could see wildly different rates from the ones above.

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

Buckeye vs. Travelers: Average Car Insurance Rates by State

Buckeye and Travelers only compete against each other in two states, with Travelers offering less expensive rates to the average driver in all of them. Ohio has the most noticable difference, where Travelers premiums are $30 cheaper than insurance prices at Buckeye.

There are plenty of other factors that go into your car insurance payment than just where you call home. Continue reading to see how other variables will affect your rates.

Which is the Best Company For Young Drivers?

You might already know that teen drivers usually pay a lot more for insurance than any group out there on the road. That's normally because teen drivers are statistically much more likely to get into an accident that results in an auto insurance claim, making them much riskier to insure.

However, that doesn't mean teen drivers can't still save money on their auto insurance. As you can see above, teens who use Buckeye save almost 25% per month compared to those who use Travelers.

That being said, with both companies, you'll see your rates reduce significantly once you turn 25. For example, average prices for Buckeye policyholders decrease about $150 and Travelers's premiums lower over $200 over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age typically enjoy some of the most affordable car insurance rates you'll ever find. After all, they've likely been driving for quite some time, which generally lowers their chances of collisions and other infractions that can raise premiums.

When looking at Buckeye and Travelers specifically, which carrier is best for retired drivers? Buckeye gets the edge, with prices for drivers 65 and older $27 more affordable than the national average for Travelers.

Which is the Best Company for Married Drivers?

You may not be aware, but auto insurance rates tend to be more expensive for single drivers than they are for married drivers. That's because policies for married couples normally cover several vehicles, which several carriers will give you a discount for.

For single policyholders, the difference in average prices between these two companies is significant, with Buckeye premiums coming in at a quarter less than Travelers's. The advantage for married policyholders with Buckeye is also obvious, where drivers save around $25 a month.

Buckeye or Travelers: Average Rates by Gender

Did you know men generally pay more for insurance than women? This is because men are statistically more likely than women to get pulled over for speeding or get into a collision, which leads to increased risk for insurers and, therefore, higher prices.

Usually, women see premiums about $15 per month less expensive with Buckeye, and more than $10 cheaper with Travelers when compared to their male counterparts.

When it comes to the lowest rates for each gender, Buckeye comes out on top for both men and women. On average, male drivers save about $32 a month and women save around $36 with Buckeye compared to the average Travelers policyholder.

Buckeye vs. 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.

It's no secret that car insurance can be a complicated subject for most people. There are lots of different coverages that account for several different things. Some protect you and your car, while others only provide coverage for other people's property and health if you cause an accident.

Even so, most policies end up falling into two different types of coverage -- liability coverage (which covers the other party's injuries and property damage if you cause a collision) and full coverage (which usually refers to having collision and comprehensive coverages in addition to liability).

Looking specifically at state minimum liability limits, Buckeye has the significant edge, with average monthly premiums coming in at $73. If you want a full coverage policy with the same state minimum limits, Buckeye again has the edge, with policies averaging about $191 per month to Travelers's $225.

Is Buckeye or Travelers Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their insurance. But that's not to say you can't save money if you don't have the best driving record, either.

You'll probably end up paying more with speeding tickets and at-fault accidents on your record, but which of these two carriers offers the most affordable rates to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Buckeye for their auto insurance can typically expect their monthly bill to go up around 7% after getting a speeding ticket. Travelers policyholders can expect a bit more drastic of an increase of about 20%.

However, Buckeye is usually the cheaper option for drivers both with a ticket and with a clean record -- their rates are around 37% less expensive for drivers with clean records and 46% cheaper for those with a ticket.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their insurance through Buckeye can expect to see around an $17 -- or about 17% -- rise in their auto insurance prices. Drivers who use Travelers for their car insurance will see a monthly bill around $45 (or 26%) more expensive after reporting an accident to their auto insurance company.

At the end of the day, the more affordable rates come from Buckeye, with average premiums coming in at $98 compared to Travelers's $173.

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 speeding ticket or even a collision. Buckeye drivers usually see a 69% raise in their car insurance prices after a DUI charge, while Travelers will typically climb premiums by about 38%.

How does Credit Score Impact Buckeye and Travelers Rates?

Did you know many insurance companies take your credit score into account when determining rates? This isn't true for everyone (for example, Massachusetts and Michigan are two states that ban the practice entirely), but it might come into play for many drivers.

Car insurance carriers argue that someone with bad credit is less likely to pay their bills on time, which makes them riskier to insure. Because of that, policyholders with bad credit will often be forced to pay more.

Looking specifically at Buckeye and Travelers, which carrier has the lowest prices for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

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

How much you drive can have a sizable impact on your monthly auto insurance cost. Normally, those who drive fewer miles will end up with cheaper rates since there's less of a chance of causing an accident and filing an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Buckeye charges. However, there's a small difference in monthly premiums for Travelers, with policyholders who drive 6,000 miles every year paying around $5 less each month compared to those who drive 12,000 miles annually. Still, for drivers in both categories, Buckeye is the more affordable carrier.

Buckeye or Travelers: Compare Rates for Urban, Suburban, and Rural Drivers

Where you call home can have a substantial impact on your monthly insurance bill. Generally, those who live in urban areas will pay more than policyholders in rural areas due to the number of cars that are on the roads where they live.

When comparing these two companies side-by-side, Buckeye typically comes out as the lowest option for drivers in all types of areas, no matter if they're urban, suburban, or rural.

Those in rural areas can expect to save about $29 with Buckeye compared to Travelers. People who live in suburban areas pay around $1 less with Buckeye compared to Travelers. For drivers in urban ZIP codes, Buckeye Insurance Group's average prices are about $73 less than Travelers.

Buckeye vs. Travelers Discounts

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

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.

Luckily, we did the hard work for you and looked at all of the different discounts Buckeye and Travelers offer their customers so that you can find the one that has the most discounts and, therefore, the largest savings.

Travelers blows Buckeye away when it comes to the sheer amount of discounts available, offering 18 more discounts than Buckeye.

There are a couple discounts both carriers offer, but Travelers also offers discounts for ABS, advance quote, alternative fuel, and more.

On the other hand, Buckeye has a proprietary discount of their own -- a renewal discounts.

Final Thoughts: Is Buckeye or Travelers Best for You?

You've seen the role certain factors have on your car insurance and the different discounts companies offer. But, when it comes down to it, is Buckeye or Travelers the best carrier for you and your specific needs?

Buckeye might be best for you if....

• You haven't received any speeding tickets or been in a collision in the last few years.
• You're looking for the best rates on liability only coverage.
• You drive fewer than 12,000 miles yearly.

Travelers might be best for you if...

• You value the experience that comes with a large national insurance company.
• Your driving record includes a DUI charge.
• You're looking for the carrier with the most discounts.

Hopefully, this guide has ben a valuable resource as you compare Buckeye and Travelers and that it aids in making a more informed decision about your car insurance.

But, at the end of the day, there's only one way to know for sure that you're getting the best possible deal on auto insurance -- comparing quotes from multiple carriers, not just Buckeye and Travelers. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your ZIP code below and get free quotes from dozens of the top insurance companies in your area, all in just a few minutes.

Buckeye vs. Travelers FAQs

Is Buckeye or Travelers cheaper?

Buckeye is the less expensive of the two carriers when looking at national average premiums, with policies averaging $132 a month with Buckeye and $167 for Travelers. Even so, that doesn't mean Buckeye will be the cheapest 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, Buckeye or Travelers?

Unfortunately, the only answer we can give you is "it depends.". No one carrier is "better" for everyone -- it all depends on the makeup of your unique auto insurance profile. For example, Buckeye is cheaper for drivers with excellent credit, while Travelers offers less expensive prices for drivers with a recent DUI.

Why do Buckeye and Travelers offer me different rates?

Insurance companies use quite a few different factors when calculating the rates they charge. Things such as your driving record, where you live, gender, age, and sometimes even things like your credit score can all be used. Both Buckeye and Travelers calculate prices differently, so it's likely they'll offer different rates. The best way to determine which company is the most affordable for you is by comparing personalized quotes from a variety of different carriers.

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

The only way to find the car insurance carrier that's right for you is by getting quotes from several companies 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 quotes from dozens of your local top auto insurance carriers for free. With those, you can guarantee you're getting the best rate. And maybe you'll find that the best company for you isn't Buckeye or Travelers at all, but another you hadn't even thought of!

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.