Farmers Mutual of Tennessee vs. Travelers: Which Company is the Best Fit for You?

Quick Facts

• In general, Farmers Mutual of Tennessee offers significantly more affordable premiums than Travelers
• Farmers Mutual of Tennessee offers more affordable prices for drivers who have a speeding ticket on their driving record
• Travelers may help you save more money -- they offer more discounts than Farmers Mutual of Tennessee

Farmers Mutual of Tennessee or Travelers: Which Company has the Cheapest Car Insurance?

So, you're considering switching to a new insurance policy. With so many ads from all sorts of companies offering hefty savings, you're probably wondering exactly how much you might be able to save.

You might be considering Farmers Mutual of Tennessee or Travelers as potential options, but between the two, which company will save you the most?

Looking at the national average rates for both carriers, Farmers Mutual of Tennessee has average rates that are around 40% a month cheaper than those from Travelers.

Even so, that doesn't necessarily mean Farmers Mutual of Tennessee will be the less expensive option for every driver. After all, auto insurance companies can offer drastically different rates to every driver depending on rating factors like your credit score, where you call home, your driving record, or even your age (among other things), so premiums will change quite a bit from person to person.

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

Farmers Mutual of Tennessee vs. Travelers: Average Car Insurance Rates by State

Farmers Mutual of Tennessee and Travelers only compete against each other in Tennessee, where Farmers Mutual of Tennessee offers the cheaper average rates. Undefined drivers tend to pay about undefined per month less on average compared to drivers who use undefined for their car insurance.

That being said, there are plenty of other factors that go into your auto insurance payment than just your home state. Read on to learn more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive insurance premiums of any group on the road. The reason is that teen drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

But that doesn't mean that teen drivers have to just accept sky-high car insurance rates. Just look at the table above -- where 18-year-old drivers who have Farmers Mutual of Tennessee for their auto insurance pay almost 35% less than those who use Travelers.

That being said, both carriers will offer you dramatically lower prices once you turn 25. Travelers offers the steepest reduction, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. That being said, Farmers Mutual of Tennessee still has the lowest rates at $96 per month.

Which is the Best Company for Retired Drivers?

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

So, which carrier offers the best rates to retired drivers? Farmers Mutual of Tennessee gets the edge here, with average premiums coming in at about $67 a month compared to Travelers's $132.

Which is the Best Company for Married Drivers?

Married drivers tend to get slightly cheaper auto insurance prices than those who are single. That's typically because married policyholders tend to own and insure several vehicles, which can often earn you a discount.

For single policyholders, the difference in average rates between these two companies is significant, with Farmers Mutual of Tennessee prices coming in at a third less than Travelers's. The advantage for married couples with Farmers Mutual of Tennessee is also obvious, where drivers save around $60 a month.

Farmers Mutual of Tennessee 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, women tend to get cheaper rates than men.

With Farmers Mutual of Tennessee, men normally pay over $15 per month more than women, but with Travelers, the difference is closer to $11 a month.

When it comes to the most affordable premiums for each gender, Farmers Mutual of Tennessee comes out as the cheapest option for both genders, with average prices 37% less for men and 43% cheaper for women.

Farmers Mutual of Tennessee 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.

Insurance can be a complicated subject for most people. Everyone needs car insurance, but there are so many different limits and coverages that it can be hard to find the right policy for you.

However, 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 includes two additional coverages -- collision and comprehensive -- in addition to what you get with liability).

Looking specifically at state minimum limits for liability insurance, Farmers Mutual of Tennessee has the significant edge, with average monthly premiums coming in at $44. If you want a full coverage policy with the same state minimum limits, Farmers Mutual of Tennessee again has the edge, with policies averaging about $155 per month to Travelers's $225.

Is Farmers Mutual of Tennessee 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 speeding tickets and accidents on your record, but which of these two carriers offers the most affordable rates to drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders with Farmers Mutual of Tennessee car insurance policies don't report seeing their prices increase after getting a ticket, but Travelers policyholders can expect to see their monthly bill increase by around a quarter.

Even so, Farmers Mutual of Tennessee has less expensive premiums for drivers in both categories. Drivers with a clean record can save about 33% a month with Farmers Mutual of Tennessee, and the same can be said for those with a speeding ticket, too.

Which Company is Best for Drivers After an Accident?

Farmers Mutual of Tennessee drivers who get in an accident can expect to see their rates climb by 3%, while those who have insurance through Travelers will see around a 25% increase.

At the end of the day, Farmers Mutual of Tennessee offers the lowest prices for drivers with an at-fault collision on their records, with average rates coming in at $89 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 insurance bill -- generally a lot more than a collision or ticket. Travelers drivers usually see a 38% increase in their car insurance premiums after a DUI charge, while Farmers Mutual of Tennessee will typically climb rates by about 37%.

How does Credit Score Impact Farmers Mutual of Tennessee and Travelers Rates?

Often times, your credit score can come into play when companies determine your monthly bill. This isn't true for everyone (for example, Massachusetts and Michigan are two states that ban the practice entirely), but it will come into play for lots of policyholders.

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, drivers with bad credit will often be forced to pay more.

Looking at Farmers Mutual of Tennessee and Travelers specifically, which one has the cheapest prices 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 Farmers Mutual of Tennessee 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 pretty big impact on your monthly auto insurance bill? Usually, those who drive less will end up with more affordable premiums 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 Farmers Mutual of Tennessee charges. However, there's a small difference in monthly rates for Travelers, with drivers who put 6,000 miles on their car annually paying around $5 less each month compared to those who drive 12,000 miles yearly. Still, for drivers in both categories, Farmers Mutual of Tennessee is the cheaper company.

Farmers Mutual of Tennessee or Travelers: Compare Rates for Urban, Suburban, and Rural Drivers

Where you live can play a substantial role in how much you pay for car insurance. Normally, drivers who live in less densely populated rural areas will pay quite a bit less than urban policyholders because of the small number of vehicles that are on the roads where they live.

When comparing these two companies side-by-side, Farmers Mutual of Tennessee typically comes out as the lowest option for drivers in every type of area, no matter if it's urban, suburban, or rural.

For drivers in urban ZIP codes, Farmers Mutual of Tennessee's average premiums are about 44% less than Travelers. People who live in suburban areas pay around 41% less with Farmers Mutual of Tennessee compared to Travelers. Those in rural areas can expect to save about 35% with Farmers Mutual of Tennessee compared to Travelers.

Farmers Mutual of Tennessee 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, and the best way to do that is by utilizing as many insurance discounts as possible.

But where do you even start? With what seems like a million different discounts out there, it may be hard to find all the ones you're eligible for.

Luckily, we did the hard work for you and broke down all of the different discounts offered by both Farmers Mutual of Tennessee and Travelers 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 knocks Farmers Mutual of Tennessee out of the park when it comes to the sheer number of discounts available, offering 25 different discounts to Farmers Mutual of Tennessee's 25.

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, Farmers Mutual of Tennessee has a proprietary discount of their own -- a forgiveness discounts.

Final Thoughts: Is Farmers Mutual of Tennessee or Travelers Best for You?

You've seen the role certain variables have on your car insurance and the different discounts companies offer. But, when it comes down to it, is Farmers Mutual of Tennessee or Travelers the right fit for you?

Farmers Mutual of Tennessee might be best for you if....

• You have a clean record.
• You're looking for the best prices on liability only coverage.
• You live in a rural area.

Travelers might be best for you if...

• You value the experience that comes with a large national insurance carrier.
• You're looking for discounts -- Travelers has the most.

Hopefully, this guide helps you get a good idea of the differences between Farmers Mutual of Tennessee 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 insurance policy is to compare quotes from several carriers, not just Farmers Mutual of Tennessee and Travelers. Luckily, Compare.com makes it easy for you to do just that. Just enter your ZIP code below and get multiple free quotes from some of the best auto insurance companies in your area, all in just a few minutes.

Farmers Mutual of Tennessee vs. Travelers FAQs

Is Farmers Mutual of Tennessee or Travelers cheaper?

Farmers Mutual of Tennessee is the more affordable of the two carriers when looking at national average rates, with policies averaging $100 per month with Farmers Mutual of Tennessee and $167 for Travelers. That being said, that doesn't mean Farmers Mutual of Tennessee will be the most affordable company for every policyholder, since there are lots of different factors (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, Farmers Mutual of Tennessee or Travelers?

Unfortunately, the real answer is "it depends.". One carrier is not "better" for each policyholder -- it all comes down to what your unique car insurance profile looks like.

Why do Farmers Mutual of Tennessee and Travelers offer me different rates?

Insurance companies use quite a few different variables when determining the premiums they charge. Things such as gender, where you park your car, age, your driving record, and sometimes even things like your credit score can all come into play. Both Farmers Mutual of Tennessee and Travelers use different formulas, so it's likely they'll offer different prices. The best way to determine which company is the cheapest for you is by comparing personalized quotes from a bunch of different carriers.

How do I know if Farmers Mutual of Tennessee 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 multiple companies and finding the one best suited for your individual budget. Luckily, sites like Compare.com make 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 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 Farmers Mutual of Tennessee 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.