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

Quick Facts

• In general, Farmers Automobile offers significantly cheaper prices than Travelers
• Farmers Automobile offers less expensive average premiums for policyholders who live in rural neighborhoods
• Travelers may help you save more money -- they offer more discounts than Farmers Automobile Insurance Association

Farmers Automobile 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 big savings, but exactly how much money can you save by switching?

You might have narrowed your search down to Farmers Automobile or Travelers, but between the two, which carrier has cheaper prices for car insurance?

Looking at the national average rates for both carriers, Travelers has average rates that are around 25% a month more expensive than those from Farmers Automobile.

That being said, that doesn't mean Farmers Automobile will necessarily be more affordable than Travelers for every driver. After all, auto insurance companies can offer drastically different rates to every driver depending on rating factors like where you call home, your credit score, your driving record, or even your age (among other things), so rates will change quite a bit from person to person.

Luckily, we've broken down average prices from both Farmers Automobile and Travelers by lots of different rate factors, so read on to find out which company is the best for you.

Farmers Automobile vs. Travelers: Average Car Insurance Rates by State

Farmers Automobile and Travelers only compete against each other in three states, with Farmers Automobile offering less expensive rates to the average driver in all of them. Wisconsin has the most noticable difference, where Travelers premiums are $25 more affordable than car insurance rates at Farmers Automobile.

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

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive car insurance premiums 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 a car 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. As you can see above, teens who use Farmers Automobile save almost 20% per month compared to those who use Travelers.

But with both companies, you'll see your rates lower significantly by the time drivers turn 25. For example, average premiums for Farmers Automobile policyholders decrease about $150 and Travelers's prices reduce over $200 over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll usually enjoy the cheapest insurance rates you'll ever find. You've been on the road for years, and all that experience pays off when it comes to your monthly premiums for car insurance.

When looking at Farmers Automobile and Travelers specifically, which carrier is best for retired drivers? Farmers Automobile gets the edge here, with average prices coming in at around $96 per month compared to Travelers's $132.

Which is the Best Company for Married Drivers?

Did you know that auto insurance rates are normally less expensive for married drivers than they are for single drivers? That's typically because married couples tend to own and insure multiple vehicles, which can often earn you a discount.

For those who are single, the difference in average premiums between these two carriers is significant, with Farmers Automobile prices coming in at a quarter less than Travelers's. For married policyholders, the advantage is clear again - Farmers Automobile has the edge when it comes to average rates.

Farmers Automobile or Travelers: Average Rates by Gender

Men are statistically more likely than women to get into collisions and file an insurance claim, which means they'll generally end up paying more for insurance than women.

On average, women see prices about 1% a month less with Farmers Automobile, but with Travelers, the difference is closer to 6% per month.

Looking at the data for each company specifically, Farmers Automobile comes out as the most affordable option for both genders. On average, women save about $39 a month and men save around $49 with Farmers Automobile compared to the average Travelers policyholder.

Farmers Automobile 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 can be pretty complicated. There are multiple different coverages that account for a variety of different things. Some protect you and your car, while others only provide coverage for other people's property and health if you cause a collision.

The two 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 an accident) and full coverage (which usually refers to having collision and comprehensive coverages in addition to what you get with a liability policy).

Looking specifically at state minimum liability limits, Farmers Automobile has the significant edge, with average monthly premiums coming in at $75. If you want a full coverage policy with the same state minimum limits, Farmers Automobile again has the edge, with policies averaging about $170 per month to Travelers's $225.

Is Farmers Automobile or Travelers Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their auto 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 at-fault accidents and speeding tickets on your record, but which of these two companies offers the lowest prices to drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

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

However, Farmers Automobile tends to offer the best prices for both drivers who have a recent ticket and those with clean records -- their rates are around 32% cheaper for drivers with clean records and 32% less expensive for those with a ticket.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their car insurance through Farmers Automobile can expect to see around an $30 -- or about 26% -- rise in their insurance premiums. 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 insurance carrier.

At the end of the day, drivers who use Farmers Automobile end up with the cheaper prices after an accident, with average rates coming in at $117 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 an accident. For example, Farmers Automobile increases average premiums by more than $90 a month -- that's more than a 50% increase.

How does Credit Score Impact Farmers Automobile and Travelers Rates?

In many cases, your credit score can come into play when carriers calculate your monthly bill. This isn't true for everyone (for example, Michigan and California are two states that ban the practice entirely), but it might come into play for a lot of drivers.

The reasoning auto insurance companies use is that policyholders with good credit will be more likely to pay their bills on time; so they'll reward them with cheaper rates, while those with poor credit will generally be forced to pay more.

So, which company 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 Farmers Automobile 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? Normally, the more milage you drive, the more you can expect to pay for coverage.

Farmers Automobile tends to be the cheaper option for both remote workers and those taking short commutes. Farmers Automobile's average rates for drivers with 6,000 annual miles come in about 32% more affordable than Travelers. Those who drive 12,000 miles yearly can expect to pay around 21% less with Farmers Automobile over Travelers.

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

Where your home is can have a substantial impact on your monthly car insurance bill. Typically, those who live in rural areas will pay less than policyholders in urban areas since there are a lot fewer cars on the roads where they live.

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

Those in rural areas can expect to save about $52 with Farmers Automobile compared to Travelers. People who live in suburban areas pay around $68 less with Farmers Automobile compared to Travelers. For drivers in urban ZIP codes, Farmers Automobile Insurance Association's average premiums are about $12 less than Travelers.

Farmers Automobile vs. Travelers Discounts

No matter why you might be in the market for a new auto insurance policy, you're always going to want to save as much money as you can. That's where car insurance discounts comes into play.

But with what seems like a million different discounts out there, it can be hard to nail down the company that has the most discounts for your unique driver profile and to find all the discounts you're eligible for.

Luckily, we did the hard work for you and looked at all of the different discounts Farmers Automobile and Travelers offer their customers so that you can easily see which company offers the most discounts and see which ones you might be able to take advantage of.

Travelers blows Farmers Automobile away when it comes to the sheer amount of discounts available, offering 14 more discounts than Farmers Automobile.

There are a couple discounts both companies offer, but Travelers also offers discounts for ABS, alternative fuel, continuous insurance, and more.

On the other hand, Farmers Automobile has a proprietary discount of their own -- a seat belt discounts.

Final Thoughts: Is Farmers Automobile or Travelers Best for You?

So, we've broken down the average rates for many of the factors insurance carriers look at, and walked through the different discounts each carrier offers, too. That's all well and good, but when it comes down to it, is Farmers Automobile or Travelers the best one for you, your vehicle, and your wallet?

Farmers Automobile might be best for you if....

• Your credit is below-average.
• You already have a great credit score.
• You've started working from home and don't have much of a commute.

Travelers might be best for you if...

• You're planning on moving to another state soon -- undefined only offers policies in.
• You want to save extra money with discounts.

Hopefully, this guide helps you get a good idea of the differences between Farmers Automobile and Travelers. We also hope we've given you the information you need to make the best decision about your auto insurance.

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

Farmers Automobile vs. Travelers FAQs

Is Farmers Automobile or Travelers cheaper?

Farmers Automobile is the cheaper of the two companies when looking at national average prices, with policies averaging $123 per month with Farmers Automobile and $167 for Travelers. But that doesn't mean Farmers Automobile will be the cheapest company for everyone, since there are several different variables (things like driving record, age, gender, etc.) that play a role in how much you pay.

Who is better, Farmers Automobile or Travelers?

Unfortunately, the real answer is "it depends.". One carrier is not "better" for everyone -- it all depends on the makeup of your unique auto insurance profile.

Why do Farmers Automobile and Travelers offer me different rates?

Car insurance carriers use many different factors when determining the rates they charge. Things such as where you call home, where you park your vehicle, gender, age, and sometimes even things like your credit score can all come into play. Both Farmers Automobile and Travelers calculate premiums differently, so it's likely they'll offer different prices. The best way to determine which company is the lowest for you is by comparing personalized quotes from a range of different companies.

How do I know if Farmers Automobile 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 premium. And maybe you'll find that the best company for you isn't Farmers Automobile 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.