GEICO vs. Travelers: Which Company is Better in 2022?

How do GEICO and Travelers compare when it comes to car insurance prices and discounts? If you want to find out which carrier has the best rates for your unique profile, check out our latest guide below.
Newly insured car driving down the road
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Quick Facts

  • In general, Travelers offers slightly more affordable premiums than GEICO
  • GEICO may help you save more money -- they offer more discounts than Travelers
  • Travelers offers less expensive average prices for policyholders who live in urban areas


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

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

You've maybe even narrowed your search down to GEICO or Travelers as potential options, but which one will offer you cheaper rates?

GEICO Travelers
$185$167

Looking at the national average rates for both carriers, GEICO is around $18 more a month than Travelers.

That being said, Travelers may not be the lowest or best option for each driver out there. After all, auto insurance companies can offer drastically different rates to every driver depending on rating factors like your driving record, your credit score, your age, or even where you call home (among other things), so premiums will change quite a bit from person to person.

Wanting to know if GEICO or Travelers is really the right company for you? Keep on reading to see how average rates can change based on all of the factors we've mentioned above.

GEICO vs. Travelers: Average Car Insurance Rates by State

State GEICO Travelers
AL$146$123
AR$135$116
AZ$131$124
CA$142$155
DE$222$148
FL$176$293
IA$107$99
ID$110$86
IL$176$123
IN$116$110
KS$185$125
KY$238$206
MA$114$195
MD$178$162
ME$81$80
MI$377$572
MN$221$203
MO$261$130
MS$195$144
NJ$166$268
NV$177$179
NY$401$377
OH$100$98
OR$208$151
PA$203$142
RI$273$174
SC$127$122
TN$112$126
VA$122$117
WA$139$108
WI$119$117

GEICO and Travelers compete against each other in 31 states, with Travelers offering more affordable premiums to the average driver in all but seven of them. If you live in California, Massachusetts, Michigan, New Jersey, or Tennessee, GEICO is the cheaper of the two carriers when looking at the overall average prices, but Travelers is the cheaper option in most of the others.

That being said, there's a lot more that goes into your insurance cost than just your home state. Read on to learn more.


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Which is the Best Company For Young Drivers

GEICO Travelers
18-year-old drivers$369$353
25-year-old drivers$163$141

Teen drivers will almost always have the most expensive car insurance rates of any group on the road. That's typically 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.

But that doesn't mean teen drivers can't still save money on their auto insurance. For example, 18-year-old drivers pay an average of over 4% less per month by choosing Travelers over GEICO.

However, with both companies, you'll see your premiums reduce significantly once you turn 25. For example, average prices for GEICO policyholders decrease more than 55% and Travelers's premiums lower over 60% over that time.

Which is the Best Company for Retired Drivers?

GEICO Travelers
65+-year-old drivers$148$132

Drivers around retirement age generally enjoy some of the cheapest car insurance prices out there. After all, they've likely been driving for quite some time, which usually lowers their chances of collisions and other infractions that can raise rates.

When looking at GEICO and Travelers specifically, which carrier is best for retired drivers? Travelers gets the edge, with premiums for drivers 65 and older $16 less expensive than the national average for GEICO.

Which is the Best Company for Married Drivers?

GEICO Travelers
Single$208$190
Married$154$136

Married policyholders tend to get slightly cheaper insurance rates than those who are single. That's normally because married drivers tend to own and insure more than one vehicle, which can often earn you a discount.

For single policyholders, the difference in average prices between these two carriers is not very significant, with Travelers premiums coming in at about 10% less than GEICO's. The advantage for married couples is more obvious, where drivers who use Travelers save more than 10% a month.

GEICO or Travelers: Average Rates by Gender

GEICO Travelers
Male$189$172
Female$181$161

Men tend to pay more for car insurance than women. That's because women are less likely to get tickets and get into accidents, which decreases the chances of filing a claim with insurance.

With GEICO, women typically pay around $10 per month less than men, and about $10 cheaper with Travelers when compared to their male counterparts.

When it comes to the most affordable rates for each gender, Travelers comes out on top for both men and women, with average prices 9% less for men and 11% cheaper for women.


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GEICO vs. Travelers: Compare State Minimum vs. Full Coverage Rates

GEICO Travelers
State Minimum*$101$108
Full Coverage**$269$225

*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 insurance can be pretty complicated. There are so many different terms and coverages that it can make it pretty confusing to find the right policy for you.

Even so, most 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 generally refers to having collision and comprehensive coverages in addition to what you get with a liability policy).

When it comes to state minimum limits for liability insurance, GEICO has the edge, while Travelers offers the lowest average premiums for full coverage policies with similar coverage limits. Policyholders looking for basic state minimum coverage can save around $7 with GEICO, while full coverage comes out to be around $45 less expensive with Travelers.

Is GEICO 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.

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

Which Company is Best for Drivers with Speeding Tickets?

GEICO Travelers
Clean Record$115$128
1 Speeding Ticket$150$160

Drivers who use GEICO for their insurance can usually expect their monthly bill to go up about 23% after getting a speeding ticket. Travelers policyholders can expect a less drastic increase of around 20%.

That being said, GEICO tends to offer the best prices for drivers both with a ticket and with a clean record. With GEICO, drivers with a clean record can save about $13 a month and drivers with a speeding ticket can save around $10 per month.

Which Company is Best for Drivers After an Accident?

GEICO Travelers
Clean Record$115$128
1 At-Fault Accident$200$173

GEICO policyholders who get in an accident can expect to see their premiums rise by just under 45%, while those who have insurance through Travelers will see about a 25% increase.

At the end of the day, Travelers offers the most affordable rates for drivers with an at-fault collision on their records, with average prices coming in at $173 compared to GEICO's $200.

Which Company is Best for Drivers with a DUI?

GEICO Travelers
Clean Record$115$128
1 DUI$275$205

On average, a DUI offense is going to cost you much more than a single accident or ticket when it comes to your car insurance bill. On average, GEICO will raise your rates around 58% after a DUI, while Travelers's average prices climb by nearly 40%.

But if you end up with a DUI charge and are looking for more affordable premiums, Travelers tends to be more affordable for the average driver, with monthly premiums coming in at about $205 to GEICO's $275.


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How does Credit Score Impact GEICO and Travelers Rates?

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

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 at GEICO and Travelers specifically, which company has the best rates for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

GEICO Travelers
Excellent Credit Score$131$119
Good Credit Score$164$142

If you have great credit, Travelers will normally reward you the most. For policyholders with "excellent" credit scores, Travelers comes in just under NaN less expensive. Drivers with "good" credit scores typically save around 13% with Travelers compared to average premiums from GEICO.

Which Company is Best for Drivers with Bad Credit?

GEICO Travelers
Fair Credit Score$197$173
Poor Credit Score$253$231

Travelers typically offers lower prices than GEICO when it comes to drivers with less-than-perfect credit. Drivers with "fair" credit pay about 12% a month less with Travelers compared to GEICO, and those with "poor" scores usually save an average of around 9% per month.


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

GEICO Travelers
6,000 Annual Miles$181$164
12,000 Annual Miles$189$169

The amount of time you spend behind the wheel of your car plays a big role in your monthly car insurance bill. Normally, those who drive less will end up with cheaper rates since there's less of a chance of causing a collision and filing an insurance claim.

Travelers tends to be the more affordable option for both remote workers and those taking short commutes. GEICO's average premiums for drivers with 6,000 annual miles come in more than $15 more expensive than Travelers. Those who drive 12,000 miles annually can expect to pay $20 more with GEICO over Travelers.

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

Where you call home can play a sizable role in how much you pay for auto insurance. Generally, drivers who live in heavily-populated urban areas will pay quite a bit more than rural policyholders since there are a lot more cars on the roads where they live.

GEICO Travelers
Urban Areas$211$204
Suburban Areas$185$160
Rural Areas$159$136

Travelers boasts the most affordable average premiums for drivers in every type of area, no matter if it's urban, suburban, or rural.

For drivers in urban ZIP codes, Travelers's average prices are about $7 less than GEICO. People who live in suburban areas pay around $25 less with Travelers compared to GEICO. Those in rural areas can expect to save about $23 with Travelers compared to GEICO.

GEICO 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. That's where auto insurance discounts comes into play.

The challenging part is finding all of the discounts you can take advantage of, since it can feel sometimes like every company has different discounts and each one is advertised differently.

Luckily, we did the hard work for you and broke down all of the different discounts offered by both GEICO and Travelers so that you can find the carrier that has the most discounts and, therefore, the largest savings.

GEICO Travelers
ABS Discount
Advance Quote Discount 
Alternative Fuel Discount 
Anti-Theft Discount
Commercial Drivers License Discount 
Continuous Insurance Discount 
Covid-19 Relief Discount
Defensive Driver Discount
Deployed Driver Discount 
Distant Student Discount
Driver Training Discount
DRL Discount
EFT Discount
Electric Vehicle Discount 
Employee Discount 
Full Coverage Discount 
Good Driving Discount
Good Payer Discount 
Good Student Discount
Group Discount

Looking at the total number of discounts, GEICO comes out ahead with 28 discounts to Travelers's 25.

Both companies offer several of the same discounts -- like anti-theft discounts, discounts for being a defensive driver, distant student discounts, and EFT discounts -- but GEICO also offers discounts for commercial drivers license, deployed driver, employee discount, and more.

On the other hand, Travelers has a few proprietary discounts of their own for things like advance quote discounts, alternative fuel discounts, continuous insurance discounts, and more.


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Final Thoughts: Is GEICO or Travelers Best for You?

So, you've seen how different variables can affect your insurance rates. We've shown you all the discounts each carrier offers, too. But, when it comes down to it, is GEICO or Travelers the right fit for you?

Travelers is best for you if....


GEICO is best for you if...

Hopefully, this guide helps you get a good idea of the differences between GEICO 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 a handful of carriers, not just GEICO and Travelers. Luckily, sites like Compare.com do all the hard work for you. Just enter your ZIP code below and get free quotes from dozens of top insurance companies in your area, all in just a few minutes.


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GEICO vs. Travelers FAQs

Is GEICO or Travelers cheaper?

Travelers is the less expensive of the two carriers when looking at national average premiums, with policies averaging $167 per month with Travelers and $185 for GEICO.

Who is better, GEICO or Travelers?

Unfortunately, the only answer we can give you is "it depends.". Neither company is necessarily "better" for each policyholder -- it all boils down to your unique auto insurance profile.

Why do GEICO and Travelers offer me different rates?

Insurance companies use lots of different factors when calculating the prices they charge. Things such as where you park your vehicle, where your home is, age, gender, and sometimes even things like your credit score can all be taken into consideration. Both GEICO and Travelers calculate premiums differently, so it's likely they'll offer different prices. The best way to determine which carrier is the cheapest for you is by comparing personalized quotes from lots of different carriers.

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

The only way to find the car insurance company 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 makes it easy for you to do just that. Just enter your area information 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 premium. And maybe you'll find that the best carrier for you isn't GEICO or Travelers at all, but another you hadn't even thought of!


Methodology

All data in this article has been gathered in collaboration with Quadrant Information Services. We analyzed more than 2.5 million rows of data to determine all of the average rates referenced above. All data is reported by each carrier to statewide insurance bureaus and is up-to-date as of July 1, 2021.

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