South Carolina Farm Bureau vs. Travelers: Which Company is the Best Fit for You?

Quick Facts

• Looking at the national averages for insurance, South Carolina Farm Bureau offers significantly cheaper premiums than Travelers
• South Carolina Farm Bureau has more affordable prices for policyholders who are looking to purchase insurance with a spouse
• Travelers may help you save more money -- they offer more discounts than South Carolina Farm Bureau Insurance

South Carolina Farm Bureau 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 hefty savings, but exactly how much money can you save by switching?

You might have narrowed your search down to South Carolina Farm Bureau or Travelers as your top options, but between the two, which company will save you the most?

Looking at the national average rates for both carriers, South Carolina Farm Bureau is quite a bit cheaper than Travelers, with rates averaging $111 a month compared to $167 with Travelers.

That being said, South Carolina Farm Bureau may not be the lowest or best option for every driver out there. Auto insurance companies use a variety of complex algorithms to determine premiums, so depending on how old you are or how clean your driving record is (among multiple other factors), you could see wildly different prices from the ones above.

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

South Carolina Farm Bureau vs. Travelers: Average Car Insurance Rates by State

South Carolina Farm Bureau and Travelers only compete against each other in South Carolina, where South Carolina Farm Bureau 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.

But there's more to insurance than just your home state. As we mentioned above, there's a lot of things that go into how car insurance carriers calculate your prices. Continue reading to learn more about how other variables will affect your rates.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive auto insurance premiums of any other group of drivers out there on the road. That's because teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

But still, even with seemingly sky-high rates, teen drivers can still find ways to save money. Just look at the table above -- where 18-year-old drivers who have South Carolina Farm Bureau for their insurance pay almost 35% less than those who use Travelers.

But with both companies, you'll see your prices reduce significantly once you turn 25. For example, average rates for South Carolina Farm Bureau policyholders decrease around $100 and Travelers's premiums lower over $200 over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age typically enjoy some of the most affordable car insurance prices you'll ever find. After all, they've likely been driving for quite some time, which generally decreases their chances of collisions and other infractions that can raise premiums.

So, which company offers the best rates to retired drivers? South Carolina Farm Bureau gets the edge here, with average prices coming in at about $75 per month compared to Travelers's $132.

Which is the Best Company for Married Drivers?

You may not be aware, but auto insurance rates tend to be less expensive for married drivers than they are for single policyholders. This usually boils down to married couples having several vehicles on their policy -- something several insurance carriers will reward with discounts.

For single drivers, the difference in average premiums between these two companies is significant, with South Carolina Farm Bureau prices coming in at a third less than Travelers's. For married policyholders, the advantage is clear again - South Carolina Farm Bureau has the edge when it comes to average rates.

South Carolina Farm Bureau or Travelers: Average Rates by Gender

Because women are less likely to get into collisions and get tickets, they have a lower chance of filing a claim with insurance. So, insurance carriers will tend to offer women more affordable premiums.

On average, women see prices around $6 a month more affordable with South Carolina Farm Bureau, but with Travelers, the difference is closer to $11 per month.

When it comes to the lowest premiums for each gender, South Carolina Farm Bureau comes out on top for both men and women, with average prices 34% less for men and 33% cheaper for women.

South Carolina Farm Bureau 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.

It's no secret that auto insurance can be pretty complicated. Everyone needs insurance, but there are so many different coverages and terms 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 and passengers if you cause a collision) and full coverage (which includes collision and comprehensive coverages that protect your own car, in addition to what you get with liability coverage).

Looking specifically at state minimum liability limits, South Carolina Farm Bureau has the significant edge, with average monthly rates coming in at $78. If you want a full coverage policy with the same state minimum limits, South Carolina Farm Bureau again has the edge, with policies averaging about $144 a month to Travelers's $225.

Is South Carolina Farm Bureau or Travelers Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their car insurance. But that's not to say you can't save money if you don't have the best driving record, either.

Accidents and speeding tickets will most likely raise your prices, but is South Carolina Farm Bureau or Travelers cheaper for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use South Carolina Farm Bureau for their insurance can normally expect their monthly bill to go up around 11% after getting a speeding ticket. Travelers policyholders can expect a bit more drastic of an increase of about 20%.

However, South Carolina Farm Bureau is usually the less expensive option for both drivers who have clean records and those with a recent ticket -- their rates are around 26% more affordable for drivers with clean records and 33% cheaper for those with a ticket.

Which Company is Best for Drivers After an Accident?

Both companies will increase premiums pretty significantly if you get into an at-fault collision with Travelers raising by around 26%. South Carolina Farm Bureau has a less extreme increase, but you can still expect to pay nearly 25% more than you were prior to your first accident.

At the end of the day, the less expensive rates come from South Carolina Farm Bureau, with average prices coming in at $125 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 auto insurance bill -- normally a lot more than an accident or speeding ticket. On average, Travelers will raise your rates about 38% after a DUI, while South Carolina Farm Bureau's average premiums rise by just under 20%.

How does Credit Score Impact South Carolina Farm Bureau and Travelers Rates?

You may not have known, but your credit score can be used as one of the factors to determine your monthly car insurance prices. This isn't true for everyone (for example, Hawaii and Massachusetts are two states that ban the practice entirely), but it might come into play for a lot of 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 South Carolina Farm Bureau and Travelers specifically, which carrier has the best rates 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 South Carolina Farm Bureau or Travelers Better for Drivers who Work from Home or Have Short Commutes?

The amount of time you spend behind the wheel of your car plays a big role in your monthly premiums. Usually, the more milage you put on your vehicle each year, the more you can expect to pay for car insurance.

As you can see in the table above, annual mileage doesn't have much of an impact on how much South Carolina Farm Bureau charges. However, there's a small difference in monthly rates for Travelers, with policyholders who drive 6,000 miles yearly paying around $5 less every month compared to those who drive 12,000 miles each year. Still, for drivers in both categories, South Carolina Farm Bureau is the cheaper carrier.

South Carolina Farm Bureau or Travelers: Compare Rates for Urban, Suburban, and Rural Drivers

Where you call home can play a big role in how much you pay for auto insurance. Typically, those who live in rural areas will pay less than policyholders in urban areas since there are a lot fewer cars on the road where they live, which reduces the chances of an accident.

South Carolina Farm Bureau boasts the most affordable average rates for drivers in all areas, regardless of if they're urban, suburban, or rural.

Those in rural areas can expect to pay about $114 a month with South Carolina Farm Bureau and $136 with Travelers. Drivers in suburban ZIP codes pay around $103 with South Carolina Farm Bureau compared to Travelers's $160 monthly. For drivers in urban ZIP codes, South Carolina Farm Bureau's average premiums are about $115 while Travelers offers prices around $204.

South Carolina Farm Bureau vs. Travelers Discounts

No matter why you might be in the market for a new insurance policy, you're always going to want to save as much money as you can. That's where car insurance discounts comes into play.

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

Luckily, we did the hard work for you and compared all of the different discounts offered by South Carolina Farm Bureau and Travelers so that you can see which one offers the most discounts and see which ones you might be able to take advantage of.

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

There are a couple discounts both companies offer, but Travelers also offers discounts for ABS, advance quote, alternative fuel, and more.

South Carolina Farm Bureau's discounts come through just a few categories, including Defensive Driver, Distant Student, Driver Training, and more.

Final Thoughts: Is South Carolina Farm Bureau or Travelers Best for You?

So, we've broken down the average premiums for many of the variables auto insurance carriers look at, and we've shown you all the discounts each company offers. But, when it comes down to it, which carrier is the best company for you and your specific needs?

South Carolina Farm Bureau might be best for you if....

• You will be the only person on the car insurance policy.
• You're looking for the best rates on liability only coverage.
• You're of retirement age and want to take advantage of lower prices.

Travelers might be best for you if...

• You value the experience that comes with a large national auto insurance company.
• You care about discounts (Travelers offers the most).

Hopefully, this guide helps you get a better idea of the difference between South Carolina Farm Bureau and Travelers and that it aids in making a more informed decision about 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 multiple companies, not just South Carolina Farm Bureau and Travelers. Luckily, Compare.com makes it easy for you to do just that. Simply enter your ZIP codes below and get free quotes from dozens of top auto insurance carriers in your area, all in just a few minutes.

South Carolina Farm Bureau vs. Travelers FAQs

Is South Carolina Farm Bureau or Travelers cheaper?

South Carolina Farm Bureau is the more affordable of the two companies when looking at national average premiums, with policies averaging $111 per month with South Carolina Farm Bureau and $167 for Travelers. Even so, that doesn't mean South Carolina Farm Bureau will be the cheapest carrier for every policyholder, since there are a bunch of different factors that come into play when it comes to your insurance bill.

Who is better, South Carolina Farm Bureau or Travelers?

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

Why do South Carolina Farm Bureau and Travelers offer me different rates?

Car insurance carriers use lots of different variables when determining the rates they charge. Factors such as gender, where your home is, age, your driving record, and sometimes even things like your credit score can all come into play. Both South Carolina Farm Bureau and Travelers calculate prices differently, so it's likely they'll offer different rates. The best way to determine which carrier is the lowest for you is by comparing personalized quotes from multiple different companies.

How do I know if South Carolina Farm Bureau or Travelers is right for me?

The only way to find the insurance company that's right for you is by getting quotes from several 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 area information 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 best rate. And maybe you'll find that the best carrier for you isn't South Carolina Farm Bureau 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.