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

Quick Facts

• Looking at the national averages for car insurance, Concord Group offers significantly cheaper prices than Travelers
• Concord Group has less expensive premiums for drivers who have below-average credit
• Travelers may help you save more money -- they offer more discounts than Concord Group Insurance

Concord Group or Travelers: Which Company has the Cheapest Car Insurance?

Are you considering a new insurance policy? After all, you've seen ads from all sorts of companies offering large savings. But exactly how much can you save by switching?

You've maybe even narrowed your search down to Concord Group or Travelers as your top options, but which carrier will offer you more affordable rates?

Looking at the national average rates for both carriers, Travelers is quite a bit more expensive than Concord Group, with premiums averaging $167 a month compared to just $74 with Concord Group.

However, that doesn't mean Concord Group will necessarily be cheaper than Travelers for each driver. Insurance companies use tons of complex algorithms to determine prices, so depending on where you live or how good your credit score is (among a range of other factors), you could see wildly different premiums from the ones above.

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

Concord Group vs. Travelers: Average Car Insurance Rates by State

Concord Group and Travelers only compete against each other in one states, with Concord Group offering more affordable rates to the average driver in all of them. Maine has the most noticable difference, where Concord Group prices are $12 less expensive than car insurance rates at Travelers.

But there's more to auto insurance than just your home state. As we mentioned above, there's a lot of things that go into how car insurance carriers calculate your premiums. Continue reading to learn more about how other variables will affect your rates.

Which is the Best Company For Young Drivers?

You might already know that teen drivers normally pay a lot more for insurance than any group on the road. It's because 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 teen drivers can't still save money on their auto insurance. Just look at the table above -- where 18-year-old drivers who have Concord Group for their car insurance pay almost 55% less than those who use Travelers.

That being said, both companies will offer you dramatically lower rates once you turn 25. For example, average premiums for Concord Group policyholders decrease over 50% and Travelers's prices lower more than 60% over that time.

Which is the Best Company for Retired Drivers?

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

So, which carrier offers the best prices to retired drivers? Concord Group gets the edge here, with average premiums coming in at around $54 per month compared to Travelers's $132.

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 couples? That's normally because married policyholders tend to own and insure more than one vehicle, which can often earn you a discount.

For those who are single, the difference in average rates between these two carriers is significant, with Concord Group premiums coming in at about half of Travelers's. The advantage for married drivers with Concord Group is also obvious, where drivers save around $85 per month.

Concord Group or Travelers: Average Rates by Gender

Because women are less likely to get into collisions and get speeding tickets, they are less likely to file a claim with insurance. So, insurance companies will often charge women less than men.

Men usually pay nearly 15% more a month than women with Concord Group, and about 6% more with Travelers.

When it comes to the cheapest prices for each gender, Concord Group comes out as the most affordable option for both genders. On average, women save about $92 per month and men save around $93 with Concord Group compared to the average Travelers policyholder.

Concord Group 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.

For most people, car insurance isn't the easiest topic to understand. There are so many different coverages and limits that it can make it pretty confusing to find the right policy for you.

But the most common policies that drivers look at fall into two categories -- liability coverage (which provides property damage and bodily injury coverage for other drivers if you cause a collision) and full coverage (which typically refers to having collision and comprehensive coverages alongside what you get with a liability policy).

Looking specifically at state minimum limits for liability insurance, Concord Group has the significant edge, with average monthly rates coming in at $47. If you want a full coverage policy with the same state minimum limits, Concord Group again has the edge, with policies averaging about $101 a month to Travelers's $225.

Is Concord Group or Travelers Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from auto insurance carriers offering great prices for good drivers, but that doesn't mean people with less-than-perfect driving records can't save money, too.

It's no secret secret that speeding tickets and accidents lead to higher premiums, but which company -- Concord Group or Travelers -- has the lowest rates for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Concord Group for their insurance can generally expect their monthly bill to go up around 14% after getting a speeding ticket. Travelers policyholders can expect a bit more drastic of an increase of about 20%.

However, Concord Group tends to offer the best prices for drivers both with clean records and with a ticket. With Concord Group Insurance, drivers with a clean record can save around $73 per month and drivers with a speeding ticket can save about $96 a month.

Which Company is Best for Drivers After an Accident?

Concord Group drivers who get in an accident can expect to see their prices increase by just under 35%, while those who have insurance through Travelers will see around a 25% increase.

At the end of the day, drivers who use Concord Group end up with the cheaper prices after an accident, with average rates coming in at $82 compared to Travelers's $173.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single collision or ticket when it comes to your auto insurance bill. Travelers drivers usually see a 38% raise in their insurance premiums after a DUI charge, while Concord Group will typically climb rates by about 42%.

How does Credit Score Impact Concord Group and Travelers Rates?

In many cases, your credit score can be used as one of the factors to determine your monthly car insurance prices. Certain states and companies do not allow for credit score to be used as a car insurance factor, but it will come into play for several policyholders.

Insurance carriers 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 more affordable premiums.

Looking specifically at Travelers and Concord Group, which one has the most affordable rates for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

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

How much you drive can have a considerable impact on your monthly car insurance bill. Usually, the more milage you put on your car each year, the more you can expect to pay for coverage.

For both remote workers and those taking short commutes, Concord Group tends to be the less expensive option. Concord Group's average prices for drivers with 6,000 annual miles come in more than 55% cheaper than Travelers. Those who drive 12,000 miles every year can expect to pay over 55% less with Concord Group over Travelers.

Concord Group 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 large impact as well. Generally, drivers who live in less densely populated rural areas will pay quite a bit less than urban policyholders since there are a lot fewer vehicles on the road where they live, which reduces the chances of an accident.

Concord Group boasts the cheapest average premiums for drivers in every type of area, no matter if it's urban, suburban, or rural.

For drivers in urban ZIP codes, Concord Group's average rates are around $81 per month compared to Travelers's $204. Drivers in suburban ZIP codes pay about $76 with Concord Group compared to Travelers's $160 a month. Those in rural areas can expect to pay around $66 monthly with Concord Group and $136 with Travelers.

Concord Group vs. Travelers Discounts

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

But with what seems like a million different discounts out there, it can be difficult to find all the ones you can take advantage of or to nail down the carrier that has the most discounts for your unique driver profile.

Luckily, we did the hard work for you and broke down all of the different discounts offered by both Concord Group and Travelers so that you can see which company can save you the most money each month.

Travelers blows Concord Group away when it comes to the sheer amount of discounts available, offering 12 more discounts than Concord Group.

A couple of those are overlapping for things like ABS discounts, anti-theft discounts, discounts for being a defensive driver, and multi-policy discounts. Travelers also offers discounts for alternative fuel, continuous insurance, distant student, and more.

On the other hand, Concord Group has a few proprietary discounts of their own for things like life policy discounts, paperless discounts, safe car discounts, and more.

Final Thoughts: Is Concord Group or Travelers Best for You?

So, we've broken down the average premiums for many of the variables auto insurance companies look at, and we've shown you all the discounts each company offers. But, when it comes down to it, is Concord Group or Travelers the best one for you, your vehicle, and your wallet?

Concord Group might be best for you if....

• You will be the only person on the insurance policy.
• Your home is in a busy urban area.
• You want to save money while purchasing auto insurance for a teenager.

Travelers might be best for you if...

• You're thinking about moving to another state -- undefined is only available in.
• You want to save extra money with discounts.

Hopefully, this guide has ben a valuable resource as you compare Concord Group and Travelers and that you can now make a more informed 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 carriers, not just Concord Group and Travelers. Luckily, Compare.com makes it easy for you to do just that. Just enter your ZIP code below and get free quotes from dozens of top auto insurance companies in your area, all in just a few minutes.

Concord Group vs. Travelers FAQs

Is Concord Group or Travelers cheaper?

Concord Group is the less expensive of the two carriers when looking at national average prices, with policies averaging $74 a month with Concord Group and $167 for Travelers. But that doesn't mean Concord Group will be the lowest carrier for each policyholder, since there are several different factors that are considered when it comes to your insurance cost.

Who is better, Concord Group or Travelers?

Sadly, the answer truly is "it depends.". No single company is "better" for everyone -- it all comes down to what your unique car insurance profile looks like.

Why do Concord Group and Travelers offer me different rates?

Auto insurance companies use quite a few different variables when determining the premiums they charge. Things like where you park your car, age, where you live, gender, and sometimes even things like your credit score can all come into play. Both Concord Group and Travelers use different formulas, so it's likely they'll offer different prices. The best way to determine which carrier is the most affordable for you is by comparing personalized quotes from a variety of different carriers.

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

The only way to find the insurance company that's right for you is by getting quotes from a handful of companies and finding the one best suited for your individual budget. Luckily, Compare.com does all the hard work for you. Just enter your information once and you'll get quotes from dozens of your local top car insurance carriers for free. That way, you can guarantee you're getting the best premium. And maybe you'll find that the best carrier for you isn't Concord Group 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.