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

Quick Facts

• Based on national averages for insurance, Indiana Farmers offers significantly more affordable prices than Travelers
• Indiana Farmers has cheaper premiums for policyholders who may not have much of a commute
• Travelers offers more discounts than Indiana Farmers Insurance

Indiana Farmers vs. Travelers: Which Company has the Cheapest Car Insurance?

So, you're considering switching your auto insurance. You've probably seen commercials and billboards from companies offering large discounts, but exactly how much money can you save by switching?

You've maybe even narrowed your search down to Indiana Farmers or Travelers, but which company will save you the most?

Looking at the national average rates for both companies, Indiana Farmers has average rates that are about 50% per month less expensive than those from Travelers.

That being said, that doesn't necessarily mean Indiana Farmers will be the cheaper option for every single driver. Car insurance carriers use tons of complex algorithms to calculate rates, so depending on how good your credit score is or how old you are (among an array of other factors), you could see wildly different prices from the ones above.

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

Indiana Farmers or Travelers: Average Car Insurance Rates by State

Indiana Farmers and Travelers only compete against each other in Indiana, where Indiana Farmers offers the cheaper average prices. For Indiana residents, undefined offers insurance for undefined monthly on average. undefined's average premiums come out to be more expensive, at undefined per month.

But there's more to auto insurance than just the state you live in. As we mentioned above, there's a lot of things that go into how car insurance companies determine your rates. Keep reading to learn more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive insurance prices of any group out there on the road. It's because young, inexperienced drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

However, that doesn't mean that teen drivers have to just accept sky-high auto insurance rates. For example, 18-year-old drivers pay an average of more than $200 less a month by choosing Indiana Farmers over Travelers.

But both carriers will drop premiums once you turn 25. For example, average prices for Indiana Farmers policyholders reduce nearly 45% and Travelers's rates lower over 60% over that time.

Which is the Best Company for Retired Drivers?

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

But who has the best rates for retired drivers between Indiana Farmers and Travelers? Indiana Farmers gets the edge here, with average prices coming in at around $67 a month compared to Travelers's $132.

Which is the Best Company for Married Drivers?

Single policyholders tend to get offered slightly more expensive insurance premiums than married policyholders. That's usually because married drivers tend to own and insure multiple cars, which can often earn you a discount.

When it comes to relationship status, Indiana Farmers is the clear winner for single drivers, with rates about $98 per month more affordable than Travelers, on average. The advantage is also clear for married couples - Indiana Farmers offers the lowest average prices.

Indiana Farmers vs. Travelers: Average Rates by Gender

Because men are more likely to get tickets and get into collisions, they have an increased chance of filing a claim with insurance. Therefore, men typically pay more for auto insurance than women.

Women generally pay almost 10% a month less than men with Indiana Farmers, while with Travelers, the difference is closer to 6% per month.

When it comes to the cheapest premiums for each gender, Indiana Farmers comes out on top for both men and women, with average prices 51% less for men and 52% cheaper for women.

Indiana Farmers or 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, insurance can be pretty complicated. Everyone needs auto insurance, but there are so many different coverages and limits that it can be hard to find the right policy.

The two most common policies that many drivers look at fall into two categories -- liability only (which provides property damage and bodily injury coverage for other drivers if you cause an accident) and full coverage (which includes comprehensive and collision coverages that protect your own vehicle, alongside what you get with a liability policy).

If you're looking for state minimum limits for liability insurance, Indiana Farmers normally offers significantly less expensive premiums of $44 compared to Travelers's $108. When it comes to full coverage policies with similar limits, Indiana Farmers again has the edge, with policies around $100 a month cheaper than Travelers, on average.

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

It's no big secret that drivers who are accident-free get better deals on their car insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

You'll probably end up paying more with tickets and at-fault accidents on your record, but which of these two companies offers the most affordable rates to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Indiana Farmers policyholders can expect their premiums to go up an average of $14 per month if they get a ticket, while Travelers typically raises rates about $32 a month, on average.

Even so, Indiana Farmers has more affordable prices for drivers in both categories -- their rates are around 45% less expensive for drivers with clean records and 48% more affordable for those with a ticket.

Which Company is Best for Drivers After an Accident?

Indiana Farmers drivers who get in a collision can expect to see their rates climb by just under $15, while those who have insurance through Travelers will see around a $45 increase.

Overall, Indiana Farmers offers the lowest premiums for drivers with an at-fault accident on their records, with monthly prices averaging $84 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. Travelers drivers usually see a 38% climb in their insurance rates after a DUI charge, while Indiana Farmers will normally increase premiums by about 17%.

How does Credit Score Impact Indiana Farmers and Travelers Rates?

Did you know that many car insurance carriers take into account your credit score when calculating prices? Certain states and companies do not allow for credit score to be used as a rating factor, but it might come into play for several policyholders.

Auto insurance carriers argue that those with good credit scores are more likely to pay their bills on time each month, which decreases the risk involved on their end, while the opposite is true for those with bad credit.

So, which carrier offers the most affordable premiums 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 Indiana Farmers or Travelers Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a substantial impact on how much insurance companies will charge for coverage. Usually, those who drive fewer miles will end up with cheaper rates since there's less of a chance of getting into a collision and causing an insurance claim.

Indiana Farmers tends to be the less expensive option for both drivers who put 6,000 miles on their vehicles annually, as well as those who average twice that figure. Indiana Farmers average prices for drivers with 6,000 annual miles come in just under $85 cheaper than Travelers. Those who drive 12,000 miles yearly can expect to pay over $85 less with Indiana Farmers over Travelers.

Indiana Farmers vs. Travelers: Compare Rates for Urban, Suburban, and Rural Drivers

Where you live can play a considerable role in how much you pay for car insurance. Generally, if you live in a rural area with fewer cars on the road, you'll pay a little less for auto insurance, while the opposite is true for people in urban areas.

Indiana Farmers tends to offer the cheapest premiums for drivers in every type of area, no matter if it's urban, suburban, or rural.

Policyholders in rural ZIP codes see the most affordable rates from both carriers, but Indiana Farmers comes out on top with average prices around $72 monthly. Indiana Farmers also has less expensive average premiums for drivers in urban and suburban ZIP codes -- a $116 and $77 per month respective difference when compared to Travelers policyholders in similar areas.

Indiana Farmers vs. Travelers Discounts

Regardless of 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 possible. That's where insurance discounts comes into play.

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

Below, we've taken a look at all of the different discounts Indiana Farmers and Travelers offer their customers so that you can see which one can save you the most money each month.

Travelers blows Indiana Farmers away when it comes to the sheer amount of discounts available, offering 17 more discounts than Indiana Farmers.

Both companies offer a lot of the same discounts -- like advance quote discounts, discounts for being a defensive driver, and discounts for being a good student -- but Travelers also offers ABS discounts, alternative fuel discounts, anti-theft discounts, and more that Indiana Farmers does not.

On the flip side, Indiana Farmers has a couple unique discounts of its own -- renewal discounts and select market discounts.

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

So, we've broken down the average rates for many of the factors auto insurance carriers look at, and we've shown you all the discounts each company offers. But, at the end of the day, which carrier is the right fit for you?

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

• You want to save money on your car insurance after an accident.
• You want basic insurance coverage at the state minimum limits.
• You don't spend much time in your car.

Travelers might be best for you if...

• You're planning on moving to another state soon -- undefined is only available in.
• You're looking for discounts -- Travelers has the most.

We hope this guide helps you get a better idea of the difference between Indiana Farmers 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 sure-fire way to make sure you're getting the best deal on your insurance policy is to compare quotes from several companies, not just Indiana Farmers and Travelers. Luckily, sites like Compare.com do all the hard work for you. Simply enter your ZIP codes below and get multiple free quotes from some of the best auto insurance carriers in your area, all in just a few minutes.

Indiana Farmers vs. Travelers FAQs

Is Indiana Farmers or Travelers cheaper?

Looking just at the national average prices, Indiana Farmers is the more affordable of the two companies, offering average rates of $81 a month compared to $167 for Travelers. That being said, Indiana Farmers won't necessarily be the cheapest company for every policyholder, since there are multiple different variables that come into play when it comes to your car insurance cost.

Who is better, Indiana Farmers or Travelers?

Sadly, the real answer is "it depends.". No single carrier is necessarily "better" for everyone -- it all boils down to your unique auto insurance profile.

Why do Indiana Farmers and Travelers offer me different rates?

Car insurance carriers take a look at quite a few different factors when determining the premiums they charge drivers. Things such as your driving record, age, gender, where you park your car, and sometimes even things like your credit score can all come into play. Both Indiana Farmers and Travelers calculate prices differently, so each one will most likely offer different premiums. The only real way to see which company is the lowest for you is by comparing personalized quotes from a range of different companies.

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

The only way to find the insurance carrier that's right for you is by getting quotes from a handful of carriers and finding the one best suited for your individual budget. Luckily, Compare.com does all the hard work for you. Just enter your area information and you'll get free quotes from dozens of the best car insurance companies in your area. With those, you can guarantee you're getting the best price. And who knows, the best company for you might not be Indiana Farmers or Travelers at all!

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.