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

Quick Facts

• In general, Cig offers significantly less expensive premiums than Travelers
• Cig has more affordable prices for single people who will be the only person on the auto insurance policy
• Cig offers cheaper average rates for residents of suburban areas

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

Are you in the market for a new insurance policy? With so many ads from all sorts of companies offering considerable savings, you're probably wondering exactly how much you might be able to save.

You might have narrowed it down to Cig or Travelers as your top options, but between the two, which company has less expensive prices for car insurance?

Looking at the national average rates for both carriers, Cig has average rates that are around 30% a month cheaper than those from Travelers.

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

So, if you want to find out which of Cig or Travelers is really the best for you, keep reading to see average prices for each carrier broken down by many different rate factors.

Cig vs. Travelers: Average Car Insurance Rates by State

Cig and Travelers compete against each other in four states, with Cig offering cheaper premiums to the average driver in all of them. Oregon has the most noticable difference, where Cig prices are $39 less expensive than auto insurance premiums at Travelers.

That being said, there's a lot more that goes into your insurance cost than just the state you live in. Keep reading to learn more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive auto insurance rates of any group out there on the road. The reason is that teen drivers are statistically much more likely to get into an accident that results in an insurance claim, making them much riskier to insure.

Even so, that doesn't mean that teen drivers have to just accept sky-high car insurance prices. As you can see above, teens who use Cig save over 30% per month compared to those who use Travelers.

However, both carriers will reduce premiums by the time drivers turn 25. For example, average rates for Cig policyholders lower about $100 and Travelers's prices decrease more than $200 over that time.

Which is the Best Company for Retired Drivers?

When it comes to insurance, patience and experience pay off, with drivers around retirement age paying some of the lowest rates you can find.

But who has the best premiums for retired drivers between Cig and Travelers? Cig gets the edge, with rates for drivers 65 and older almost 35% more affordable than the national average for Travelers.

Which is the Best Company for Married Drivers?

Did you know that auto insurance prices are usually more expensive for single drivers than they are for married drivers? This usually boils down to married policyholders having several vehicles on their policy -- something quite a few car insurance companies will reward with discounts.

For single policyholders, the difference in average premiums between these two carriers is significant, with Cig prices coming in at a quarter less than Travelers's. The advantage is also clear for married couples - Cig offers the cheapest average premiums.

Cig or Travelers: Average Rates by Gender

Men are statistically more likely than women to get pulled over for speeding or get into a collision. That means when it comes to insurance men will typically end up paying a little more.

On average, women see rates around $4 a month less expensive with Cig, and about $10 with Travelers.

When it comes to the most affordable premiums for each gender, Cig offers the cheapest average rates for both men and women. On average, women save about $44 per month and men save around $51 with Cig compared to the average Travelers policyholder.

Cig 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. Everyone needs auto insurance, but there are so many different coverages and terms that it can be hard to find the right policy for you.

But most policies that drivers look at fall into two categories -- liability coverage (which covers the other party's injuries and property damage if you cause an accident) and full coverage (which includes two additional coverages -- collision and comprehensive -- in addition to what you get with liability coverage).

Looking specifically at state minimum liability insurance, Cig has the significant edge, with average monthly prices coming in at $71. If you want a full coverage policy with the same state minimum limits, Cig again has the edge, with policies averaging about $166 a month to Travelers's $225.

Is Cig or Travelers Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their car 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 collisions on your record, but which of these two companies offers the most affordable rates to drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Cig for their insurance can normally expect their monthly bill to go up around 21% after getting a speeding ticket. Travelers policyholders can expect a less drastic increase of about 20%.

However, Cig is generally the more affordable option for both drivers who have a recent ticket and those with clean records -- their rates are around 31% cheaper for drivers with clean records and 30% more affordable for those with a ticket.

Which Company is Best for Drivers After an Accident?

Cig drivers who get in a collision can expect to see their prices increase by $30, while those who have insurance through Travelers will see around a $45 increase.

At the end of the day, Cig offers the lowest premiums for drivers with an at-fault collision on their records, with average prices coming in at $118 compared to Travelers's $173.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge, you can expect some pretty significant increases in your monthly auto insurance bill -- typically a lot more than an accident or speeding ticket. For example, Travelers increases average rates by more than $75 per month -- that's nearly a 40% increase.

How does Credit Score Impact Cig and Travelers Rates?

Did you know many insurance carriers take into account your credit score when determining premiums? This isn't true for everyone (for example, Hawaii and California are two states that ban the practice entirely), but it might come into play for lots of policyholders.

Auto 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, drivers with good credit will often be rewarded with cheaper rates.

So, which company offers the most affordable premiums for policyholders 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 Cig or Travelers Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a big impact on your monthly car insurance bill. That's because the fewer miles you drive, the less likely you are to be in a collision and file an insurance claim.

For both remote workers and those taking short commutes, Cig offers less expensive prices than Travelers. Travelers average rates for drivers with 6,000 annual miles come in about $51 more expensive than Cig. Those who drive 12,000 miles yearly can expect to pay around $44 more with Travelers over Cig.

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

We've already mentioned how your home state can play a role in how much you pay for auto insurance, but the type of area you live in can have a substantial impact as well. Usually, drivers who live in less densely populated rural areas will pay quite a bit less than urban policyholders since there are a lot fewer cars on the roads where they live.

When comparing these two carriers side-by-side, Cig generally comes out as the cheapest option for drivers in every type of area, no matter if it's urban, suburban, or rural.

For drivers in urban ZIP codes, CIG Insurance's average prices are about 37% less than Travelers. People who live in suburban areas pay around 23% less with Cig compared to Travelers. Those in rural areas can expect to save about 22% with Cig compared to Travelers.

Cig vs. Travelers Discounts

No matter why you might be in the market for a new car insurance policy, you're always going to want to save as much money as you can, and the best way to do that is by taking advantage of as many insurance discounts as possible.

But where do you even start? With so many discounts out there, it may seem challenging to find all the of the ones you can take advantage of.

Luckily, we did the hard work for you and looked at all of the different discounts Cig and Travelers offer their customers so that you can easily see which company offers the most discounts and, therefore, the largest savings.

Both companies offer excellent discounts like advance quote discounts, discounts for being a defensive driver, distant student discounts, and discounts for being a good student.

Final Thoughts: Is Cig or Travelers Best for You?

You've seen the role certain variables have on your car insurance and the different discounts carriers offer. That's all well and good, but at the end of the day, is Cig or Travelers the best one for you and your specific needs?

Cig might be best for you if....

• You want to save money on your insurance after an accident.
• You want the most robust protection via a "full coverage" policy.
• Your neighborhood is in a rural area.

Travelers might be best for you if...

• You value the experience that comes with a large national auto insurance carrier.

Hopefully, this guide has ben a valuable resource as you compare Cig and Travelers and that it aids in making a more informed decision about your 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 car insurance -- comparing quotes from multiple companies, not just Cig and Travelers. Luckily, sites like Compare.com make it easy for you to do just that. Simply enter your ZIP codes below and get free quotes from dozens of top auto insurance carriers in your area, all in just a few minutes.

Cig vs. Travelers FAQs

Is Cig or Travelers cheaper?

Cig is the cheaper of the two companies when looking at national average premiums, with policies averaging $119 a month with Cig and $167 for Travelers. But that doesn't mean Cig will be the lowest company for each driver, since there are a variety of different factors (things like gender, age, driving record, etc.) that play a role in how much you pay.

Who is better, Cig or Travelers?

Sadly, the answer truly is "it depends.". No one carrier is necessarily "better" for everyone -- it all depends on the makeup of your unique car insurance profile.

Why do Cig and Travelers offer me different rates?

Auto insurance carriers use a lot of different variables when calculating the rates they charge. Factors like age, where you live, your driving record, gender, and sometimes even things like your credit score can all be used. Both Cig and Travelers calculate prices using different variables, so it's likely they'll offer different premiums. The best way to determine which company is the cheapest for you is by comparing personalized quotes from multiple different companies.

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

The only way to find the insurance carrier that's right for you is by getting quotes from several carriers and finding the one best suited for your individual budget. Luckily, Compare.com makes it easy for you to do just that. Just enter your information once and you'll get quotes from dozens of your local top car insurance companies 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 Cig 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.