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

Quick Facts

• In general, Travelers offers significantly cheaper rates than Memberselect
• Travelers tends to be a much less expensive option for drivers who have an at-fault accident on their record
• Travelers has more affordable prices for policyholders who drive fewer than 12,000 miles annually

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

So, you're considering switching your auto insurance. With so many ads from all sorts of companies offering big discounts, you're probably wondering exactly how much you might be able to save.

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

As you can see, Travelers is quite a bit cheaper than Memberselect, with rates averaging $167 per month compared to $274 with Memberselect when looking at the national average rates for insurance.

However, that doesn't necessarily mean Travelers will be the less expensive option for every driver. After all, car insurance companies can offer drastically different rates to each driver depending on rating factors like your age, where you call home, your credit score, or even your driving record (among other things). So, at the end of the day, premiums from every carrier will differ quite a bit from person to person.

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

Memberselect or Travelers: Average Car Insurance Rates by State

Memberselect and Travelers only compete against each other in Minnesota, where Travelers offers the cheaper average rates. For Minnesota residents, Travelers offers insurance for $203 per month on average. Memberselect's average premiums come out to be over 30% more expensive, at $274 monthly.

There are plenty of other factors that go into your auto insurance bill than just where you call home. Keep reading to find out more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- generally pay a lot for car insurance compared to older drivers. That's because young, inexperienced 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 insurance prices. As you can see above, teens who use Travelers save more than $95 a month compared to those who use Memberselect.

Even so, with both carriers, you'll see your premiums lower significantly 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. Memberselect's average rates reduce nearly 40% during that same period.

Which is the Best Company for Retired Drivers?

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

So, which carrier offers the best prices to retired drivers? Travelers gets the edge here, with average rates coming in at about $132 a month compared to Memberselect's $238.

Which is the Best Company for Married Drivers?

You may not be aware, but car insurance prices tend to be more expensive for single policyholders than they are for married policyholders. This usually boils down to married drivers having more than one car on their policy -- something lots of auto insurance companies will reward with discounts.

When it comes to relationship status, Travelers is the clear winner for single drivers, with premiums around $115 per month cheaper than Memberselect, on average. The advantage for married couples with Travelers is also obvious, where drivers save almost $100 a month.

Memberselect vs. Travelers: Average Rates by Gender

Women typically to pay less for car insurance than men. This is because men are more likely to get speeding tickets and get into accidents, which increases the chances of an insurance claim.

On average, men see prices over $10 per month higher with Memberselect, and about $10 with Travelers.

When it comes to the lowest rates for each gender, Travelers offers the most affordable average premiums for both men and women. On average, women save about $108 a month and men save around $108 with Travelers compared to the average Memberselect policyholder.

Memberselect 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.

It's no secret that auto insurance can be a complicated subject for most people. There are many different coverages that account for lots of different things. Some protect you and your vehicle, while others only provide coverage for other people's property and health if you cause an accident.

That being said, most policies that many drivers look at fall into two categories -- liability only (that covers bodily injury and property damage for other drivers and passengers if you cause a collision) and full coverage (which includes two additional coverages -- comprehensive and collision -- alongside liability coverage).

If you're looking for state minimum liability limits, Travelers normally offers significantly more affordable rates of $108 compared to Memberselect's $183. When it comes to full coverage policies with similar limits, Travelers again has the edge, with policies about $150 per month cheaper than Memberselect, on average.

Is Memberselect or Travelers Better for Drivers with Spotty Records?

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

At-fault accidents and tickets will most likely raise your premiums, but is Memberselect or Travelers more affordable for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Memberselect policyholders can expect their prices to go up an average of $58 a month if they get a ticket, while Travelers typically raises rates around $32 per month, on average.

Even so, Travelers has less expensive prices for drivers in both categories, offering premiums that are $51 and $77 cheaper, respectively, compared to MemberSelect Insurance Company.

Which Company is Best for Drivers After an Accident?

Memberselect drivers who get in an accident can expect to see their rates climb by over $35, while those who have insurance through Travelers will see about a $45 increase.

Overall, Travelers offers the lowest prices for drivers with an at-fault collision on their records, with monthly premiums averaging $173 compared to MemberSelect Insurance Company's $216.

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 auto insurance bill -- usually a lot more than a collision or speeding ticket. On average, Memberselect will climb your prices around 62% after a DUI, while Travelers's average rates increase by just under 40%.

How does Credit Score Impact Memberselect and Travelers Rates?

You may not realized it, but your credit score can come into play when carriers calculate your monthly bill. Certain states and companies do not allow for credit score to be used as a rating factor, but it will come into play for several policyholders.

The reasoning insurance carriers use is that drivers with bad credit will be less likely to pay their bills on time; so generally, they'll be asked to pay more, while those with good credit will be rewarded with less expensive premiums.

Looking at Memberselect and Travelers specifically, which one has the best 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 Memberselect 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 sizable impact on your monthly premiums? That's because the fewer miles you put on your vehicle, the less likely you are to get into an accident and cause an insurance claim.

For both drivers who put 6,000 miles on their vehicles each year, as well as those who average twice that figure, Travelers offers more affordable prices than Memberselect. Travelers's average premiums for drivers with 6,000 annual miles come in about $104 cheaper than Memberselect. Those who drive 12,000 miles yearly can expect to pay around $111 less with Travelers over Memberselect.

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

Where you park your car can have a pretty big impact on your monthly car insurance cost. Normally, those who live in urban areas will pay more than drivers in rural areas because there are a lot more vehicles on the road in those areas, which increases the chances of an accident.

When comparing these two companies side-by-side, Travelers usually comes out as the most affordable option for drivers in all areas, regardless of if they're urban, suburban, or rural.

Policyholders in rural ZIP codes see the cheapest prices from both carriers, but Travelers comes out on top with average rates about $136 monthly. Travelers also has less expensive average prices for drivers in urban and suburban ZIP codes -- a $90 and $142 a month respective difference when compared to Memberselect policyholders in similar areas.

Memberselect vs. Travelers Discounts

Regardless of why you might be in the market for a new insurance policy, you're always going to want to save as much money as possible, and the best way to do that is by utilizing as many car insurance discounts as you can.

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

In the table below, we've compared all of the different discounts offered by Memberselect and Travelers so that you can see which carrier offers the most discounts and see which ones you might be able to take advantage of.

Travelers knocks Memberselect out of the park when it comes to the sheer number of discounts available, offering 12 more discounts than Memberselect.

A couple of those are overlapping for things like anti-theft discounts, distant student discounts, EFT discounts, and group discounts. Travelers also offers ABS discounts, alternative fuel discounts, continuous insurance discounts, and more that Memberselect does not.

On the flip side, Memberselect has a couple unique discounts of its own -- AAA discounts, prior carrier discounts, and vehicle safety discounts.

Final Thoughts: Is Memberselect or Travelers Best for You?

You've seen the role certain factors have on your auto insurance and the different discounts companies offer. That's all well and good, but at the end of the day, which insurance carrier is the right company for you and your specific driver profile?

Travelers might be best for you if....

• You have a clean record.
• You're worried about the impact your credit score will have on your rates.
• You have a short drive to work everyday.

Memberselect might be best for you if...

• You have a more unique driver profile than those we mentioned above.

We hope this guide helps you get a better idea of the difference between Memberselect and Travelers. We also hope we've given you the information you need to make the best decision when it comes to your 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 several carriers, not just Memberselect 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 the top auto insurance companies in your area, all in just a few minutes.

Memberselect vs. Travelers FAQs

Is Memberselect or Travelers cheaper?

Looking just at the national average premiums, Travelers is the more affordable of the two carriers, offering average rates of $167 per month compared to $274 for Memberselect. But Travelers won't necessarily be the most affordable company for everyone, since there are a range of different variables (things like driving record, age, gender, etc.) that play a role in how much you pay.

Who is better, Memberselect or Travelers?

Unfortunately, the only answer we can give you is "it depends.". No single carrier is "better" for everyone -- it all depends on what your unique insurance profile looks like.

Why do Memberselect and Travelers offer me different rates?

Auto insurance companies take a look at quite a few different factors when calculating the prices they charge drivers. Variables like where you live, age, gender, where your home is, and sometimes even things like your credit score can all come into play. Both Memberselect and Travelers calculate rates using different formulas, so each one will most likely offer different premiums. The only real way to see which company is the cheapest for you is by comparing personalized quotes from multiple different carriers.

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

The only way to find the car insurance carrier 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 area information and you'll get free quotes from dozens of the best auto insurance carriers in your area. That way, you can guarantee you're getting the lowest price. And who knows, the best company for you might not be Memberselect 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.