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

Quick Facts

• Looking at the national averages for insurance, Pekin offers significantly cheaper rates than Travelers
• Pekin offers less expensive average prices for residents of suburban areas
• Travelers may help you save more money -- they offer more discounts than Pekin Insurance

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

Are you considering a new insurance policy? You've probably seen commercials and billboards from companies offering huge savings, but exactly how much money can you save by switching?

You've maybe even narrowed it down to Pekin or Travelers as your top options, but between the two, which company has more affordable premiums for car insurance?

As you can see, Travelers is quite a bit more expensive than Pekin, with rates averaging $167 a month compared to just $74 with Pekin when looking at the national average rates for auto insurance.

Even so, Pekin may not be the most affordable or best option for every driver out there. Insurance carriers vary their prices depending on things like how clean your driving record is, how good your credit score is, where you live, how old you are, and tons of other factors. So, at the end of the day, rates from every carrier will differ quite a bit from person to person.

So, if you want to find out which of Pekin or Travelers is really the best for you, keep reading to see average premiums for each company broken down by a range of different rate factors.

Pekin vs. Travelers: Average Car Insurance Rates by State

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

There's a lot more that goes into your auto insurance payment than just where you live. Keep reading to learn more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive insurance rates of any other group of drivers out there on the road. The reason is that teen drivers are statistically much more likely to get into an accident that results in an insurance claim, making them much riskier to insure.

But still, even with seemingly sky-high premiums, teen drivers can still find ways to save money. As you can see above, teens who use Pekin save almost 50% a month compared to those who use Travelers.

That being said, both companies will offer you dramatically lower prices by the time you turn 25. Travelers offers the steepest decrease, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. That being said, Pekin still has the lowest rates at $62 per month.

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 cheapest prices you'll ever see.

So, which carrier offers the best premiums to retired drivers? Pekin gets the edge, with rates for drivers 65 and older $74 less expensive than the national average for Travelers.

Which is the Best Company for Married Drivers?

Did you know that insurance prices are generally more expensive for those who are single than they are for married couples? That's because policies for married drivers usually cover more than one vehicle, which several carriers will give you a discount for.

For single drivers, the difference in average premiums between these two companies is significant, with Pekin prices coming in at around half of Travelers's. The advantage is also clear for married policyholders - Pekin offers the most affordable average rates.

Pekin 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 typically end up paying more for auto insurance than women.

Men normally pay about 1% more per month than women with Pekin, but with Travelers, the difference is closer to 6% a month.

Looking at the data for each company specifically, Pekin comes out on top for both men and women, with average premiums $97 less for men and $87 cheaper for women.

Pekin 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.

Car insurance isn't the easiest topic to understand. Everyone needs insurance, but there are so many different terms and limits that it can be hard to find the right policy for you.

The two most common policies end up falling into two different types of coverage -- liability coverage (that covers bodily injury and property damage for other drivers if you cause a collision) and full coverage (which generally refers to having collision and comprehensive coverages alongside liability coverage).

Looking specifically at state minimum liability insurance, Pekin has the significant edge, with average monthly prices coming in at $46. If you want a full coverage policy with the same state minimum limits, Pekin again has the edge, with policies averaging around $103 per month to Travelers's $225.

Is Pekin 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.

Speeding tickets and at-fault accidents will most likely raise your rates, but is Pekin or Travelers cheaper for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Pekin for their insurance can typically expect their monthly bill to go up about 19% after getting a speeding ticket. Travelers policyholders can expect a bit more drastic of an increase of around 20%.

However, Pekin has more affordable premiums for drivers in both categories, offering rates that are 58% and 58% less expensive, respectively, compared to Travelers.

Which Company is Best for Drivers After an Accident?

Both carriers will raise premiums pretty significantly if you get into an at-fault collision with Travelers increasing by about 26%. Pekin has a less extreme rise, but you can still expect to pay more than 25% more than you were prior to your first accident.

At the end of the day, the cheaper prices come from Pekin, with average rates coming in at $73 compared to Travelers's $173.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single collision or ticket when it comes to your car insurance bill. Travelers drivers usually see a 38% raise in their auto insurance premiums after a DUI charge, while Pekin will normally increase prices by around 48%.

How does Credit Score Impact Pekin and Travelers Rates?

In many cases, your credit score can be used as one of the variables to determine your monthly insurance premiums. Certain states and companies do not allow for credit score to be used as a car insurance factor, but it might come into play for quite a few drivers.

Car insurance carriers argue that someone with good credit is more likely to pay their bills on time, which makes them less risky to insure. Because of that, policyholders with good credit will often be rewarded with more affordable rates.

Looking at Pekin and Travelers specifically, which carrier has the best prices for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

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

How much you drive can have a considerable impact on how much auto insurance companies will charge for coverage. Usually, those who drive fewer miles will end up with cheaper premiums since there's less of a chance of causing an accident and filing an insurance claim.

Pekin tends to be the more affordable option for both remote workers and those taking short commutes. Pekin average rates for drivers with 6,000 annual miles come in more than $95 less expensive than Travelers. Those who drive 12,000 miles annually can expect to pay nearly $90 less with Pekin over Travelers.

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

Where you park your car can play a big role in how much you pay for car insurance. Normally, if you live in an urban area with more cars on the road, you'll pay a little more for auto insurance, while the opposite is true for people in rural areas.

Pekin boasts the most affordable average premiums for drivers in all types of areas, no matter if they're urban, suburban, or rural.

For policyholders in urban ZIP codes, Pekin Insurance's average rates are about 58% less than Travelers. People who live in suburban areas pay around 57% less with Pekin compared to Travelers. Those in rural areas can expect to save about 49% with Pekin compared to Travelers.

Pekin vs. Travelers Discounts

You want to save as much money as you can, right? The best way to do that is by utilizing as many insurance discounts as possible.

But where do you even start? With so many discounts out there, it may seem difficult to find all the of the ones you're eligible for.

Luckily, we did the hard work for you and looked at all of the different discounts Pekin and Travelers offer their customers so that you can see which one can save you the most money each month.

Travelers knocks Pekin out of the park when it comes to the sheer number of discounts available, offering 25 different discounts to Pekin's 25.

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

Pekin's discounts come through just a few categories, including Advance Quote, Anti-Theft, Defensive Driver, and more.

Final Thoughts: Is Pekin or Travelers Best for You?

So, you've seen how different factors can affect your car insurance prices. We've shown you all the discounts each company offers, too. But, at the end of the day, which carrier is the right company for you and your specific needs?

Pekin might be best for you if....

• You've received a ticket for speeding recently and don't want to see your rates increase.
• You're looking for the best premiums on liability only coverage.
• You are purchasing your auto insurance with a spouse.

Travelers might be best for you if...

• You're thinking about moving to another state -- undefined is only available in.
• You're looking for the company with the most discounts.

Hopefully, this guide helps you get a better idea of the difference between Pekin and Travelers and that it aids in making a more informed decision about your 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 several companies, not just Pekin 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 car insurance carriers in your area, all in just a few minutes.

Pekin vs. Travelers FAQs

Is Pekin or Travelers cheaper?

Pekin is the cheaper of the two companies when looking at national average prices, with policies averaging $74 a month with Pekin and $167 for Travelers. But that doesn't mean Pekin will be the cheapest carrier for each policyholder, since there are many different variables that come into play when it comes to your insurance bill.

Who is better, Pekin or Travelers?

Sadly, the only answer we can give you is "it depends.". No single company is necessarily "better" for every policyholder -- it all comes down to what your unique auto insurance profile looks like.

Why do Pekin and Travelers offer me different rates?

Car insurance carriers use lots of different factors when determining the rates they charge. Variables like your driving record, gender, age, where you live, and sometimes even things like your credit score can all come into play. Both Pekin and Travelers use different formulas, so it's likely they'll offer different premiums. The best way to determine which carrier is the lowest for you is by comparing personalized quotes from lots of different companies.

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

The only way to find the insurance company 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, sites like Compare.com do all the hard work for you. Just enter your ZIP code and you'll get quotes from dozens of your local top auto insurance companies for free. That way, you can guarantee you're getting the most affordable price. And maybe you'll find that the best carrier for you isn't Pekin 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.