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

Quick Facts

• Looking at the national averages for car insurance, Travelers offers significantly more affordable prices than UAIC
• Travelers tends to be a much less expensive option for drivers with a DUI charge on their record
• UAIC offers more affordable premiums for residents in Florida

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

Are you considering a new insurance policy? With so many ads from all sorts of companies offering huge discounts, you're probably wondering exactly how much you might be able to save.

You might have narrowed your search down to Travelers or UAIC for your next policy, but between the two, which carrier will offer you cheaper prices?

Looking at nationwide averages, Travelers has average rates that are about 50% per month more affordable than those from UAIC.

That being said, Travelers may not be the lowest or best option for each driver out there. Auto insurance companies use a ton of complex algorithms to calculate rates, so depending on how good your credit score is or where you live (among quite a few other factors), you could see wildly different prices from the ones above.

Luckily, we've broken down average premiums from both Travelers and UAIC by many different rate factors, so read on to find out which carrier is the best for you.

Travelers or UAIC: Average Car Insurance Rates by State

Travelers and UAIC only compete against each other in Florida, where Travelers offers the cheaper average rates. For Florida residents, Travelers offers insurance for $293 a month on average. UAIC's average prices come out to be over 10% more expensive, at $337 monthly.

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

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- usually pay a lot for auto insurance compared to older drivers. It's because young, inexperienced drivers are statistically much more likely to get into an accident that results in an auto insurance claim, making them much riskier to insure.

Even so, that doesn't mean teen drivers can't still save money on their insurance. For example, 18-year-old drivers pay an average of more than $250 less a month by choosing Travelers over UAIC. It's worth noting that Travelers offers car insurance in 31 different states compared to UAIC's one, which can skew the average premiums a bit, but the difference here is still considerable.

However, with both carriers, you'll see your rates drop significantly by the time you turn 25. For example, average premiums for Travelers policyholders reduce over 60% and UAIC's rates decrease nearly 50% over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll typically enjoy the cheapest auto insurance prices out there. You've been on the road for years, and all that experience pays off when it comes to your monthly premiums for car insurance.

When looking at Travelers and UAIC specifically, which company is best for retired drivers? Travelers gets the edge, with prices for drivers 65 and older $134 cheaper than the national average for UAIC.

Which is the Best Company for Married Drivers?

Did you know that insurance rates are normally more expensive for those who are single than they are for married couples? That's because policies for married drivers generally cover several cars, which quite a few companies will offer you a discount for.

When it comes to relationship status, Travelers is the clear winner for single drivers, with premiums around $190 per month less expensive than UAIC, on average. The advantage for married policyholders with Travelers is also obvious, where drivers save more than 50% a month.

Travelers vs. UAIC: Average Rates by Gender

You may not know, but men typically pay more for auto insurance than women do. This is because women are less likely to get tickets and get into accidents, which decreases the chances of an insurance claim.

With Travelers, women generally pay over $10 per month less than men, while with UAIC, the difference is closer to $4 a month.

Looking at the data for each carrier specifically, Travelers offers the most affordable average rates for both men and women, with average prices $167 less for men and $174 cheaper for women.

Travelers or UAIC: 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. There are so many different coverages and terms that it can make it pretty confusing to find the right policy.

The two most common policies that many drivers look at fall into two categories -- liability only (which covers the other party's injuries and property damage if you cause an accident) and full coverage (which normally refers to having comprehensive and collision coverages in addition to liability coverage).

If you're looking for state minimum limits for liability insurance, Travelers usually offers significantly more affordable premiums of $108 compared to UAIC's $276. When it comes to full coverage policies with similar limits, Travelers again has the edge, with policies about $150 per month less expensive than UAIC, on average.

Is Travelers or UAIC Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from insurance carriers offering great prices for good drivers, but that doesn't mean people with less-than-perfect driving records can't save money, too.

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

Which Company is Best for Drivers with Speeding Tickets?

Travelers policyholders can expect their prices to go up an average of $32 a month if they get a ticket, while UAIC generally raises rates around $70 per month, on average.

But Travelers tends to offer the best prices for both drivers who have clean records and those with a recent speeding ticket. Drivers with a clean record can save about $126 a month and drivers with a ticket can save around $164 per month with Travelers.

Which Company is Best for Drivers After an Accident?

Both companies will increase premiums pretty significantly if you get into an at-fault accident with UAIC raising by over $70. Travelers has a less extreme rise, but you can still expect to pay $45 more than you were prior to your first collision.

Overall, drivers who use Travelers end up with the cheaper prices after an accident, with monthly prices averaging $173 compared to UAIC's $326.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single accident or speeding ticket when it comes to your auto insurance bill. For example, UAIC increases average rates by just under $200 a month -- that's just under a 45% increase.

Travelers has the overall cheapest premiums for drivers with a DUI on their records at $205 per month, but it's worth noting that Travelers's average rates come from 31 states compared to just one for UAIC, so the data may be skewed slightly.

How does Credit Score Impact Travelers and UAIC Rates?

Did you know that many insurance carriers take into account your credit score when calculating rates? This isn't always the case (for example, Massachusetts and California are two states that ban the practice entirely), but it does affect lots of drivers out there.

The reasoning car insurance companies use is that policyholders with bad credit will be less likely to pay their bills on time; so usually, they'll be asked to pay more, while those with good credit will be rewarded with cheaper prices.

So, which carrier offers the best premiums for drivers with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

If you have solid credit, you'll usually find a better deal with Travelers. Policyholders with "excellent" credit can save nearly 65% compared to UAIC, and those with "good" scores can also expect to see savings -- about $195 or 58% more affordable each month.

Which Company is Best for Drivers with Bad Credit?

Travelers typically offers lower rates than UAIC when it comes to drivers with less-than-perfect credit. Drivers with "fair" credit pay around $164 per month less with Travelers compared to UAIC, and those with "poor" scores typically save an average of about $106 a month.

Is Travelers or UAIC 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 how much insurance carriers will charge for coverage. That's because the more miles you put on your vehicle each year, the more likely you are to get into a collision and cause an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much UAIC charges. However, there's a small difference in monthly prices 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, Travelers is the less expensive option for drivers in both categories.

Travelers vs. UAIC: 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. Normally, those who live in urban areas will pay more than drivers in rural areas because of the number of cars that are on the roads in those areas.

Travelers tends to offer the lowest prices for drivers in all types of areas, no matter if they're urban, suburban, or rural.

Policyholders in rural ZIP codes see the most affordable rates from both companies, but Travelers comes out on top with average prices about $136 monthly. Travelers also has cheaper average premiums for drivers in urban and suburban ZIP codes -- a 49% and 59% a month respective difference when compared to UAIC policyholders in similar areas.

Travelers vs. UAIC 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, and the best way to do that is by utilizing as many insurance discounts as you can.

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

In the table below, we've broken down all of the different discounts offered by both Travelers and UAIC so that you can easily see which company offers the most discounts and, therefore, the biggest savings.

Travelers blows UAIC away when it comes to the sheer amount of discounts available, offering 25 different discounts to UAIC's 12.

Both carriers offer lots of the same discounts -- like discounts for being a defensive driver, EFT discounts, and paid in full discounts -- but Travelers also offers advance quote discounts, alternative fuel discounts, continuous insurance discounts, and more that UAIC does not.

On the flip side, UAIC has a couple unique discounts of its own -- agency transfer discounts, discounts for being a homeowner, intra-agency transfer discounts, and more.

Final Thoughts: Is Travelers or UAIC Best for You?

So, you've seen how different factors can affect your auto insurance rates. We've shown you all the discounts each company offers, too. That's all well and good, but when it comes down to it, is Travelers or UAIC the best fit for you?

Travelers might be best for you if....

• You already have plans to move to another state -- UAIC only offers policies in Florida.
• You live in an urban area.
• Your neighborhood is in the suburbs.

UAIC might be best for you if...

• You're looking for the best rates in FL.

We hope this guide helps you get a good idea of the differences between Travelers and UAIC and that you can now make a more informed decision when it comes to your car insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your auto insurance policy is to compare quotes from multiple companies, not just Travelers and UAIC. Luckily, sites like Compare.com make it easy for you to do just that. Simply enter your ZIP codes below and get multiple quotes from some of the best car insurance carriers in your area, all for free.

Travelers vs. UAIC FAQs

Is Travelers or UAIC cheaper?

Looking just at the national average prices, Travelers is the more affordable of the two companies, offering average rates of $167 per month compared to $337 for UAIC. Even so, Travelers won't necessarily be the cheapest carrier for every driver, since there are a bunch of different variables (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, Travelers or UAIC?

Unfortunately, the real answer is "it depends.". Neither company is "better" for each driver -- it all comes down to what your unique insurance profile looks like.

Why do Travelers and UAIC offer me different rates?

Auto insurance carriers take a look at many different factors when determining the premiums they charge drivers. Things such as age, your driving record, where you park your vehicle, gender, and sometimes even things like your credit score can all be taken into consideration. Both Travelers and UAIC calculate rates differently, so each one will most likely offer different premiums. The only real way to see which carrier is the most affordable for you is by comparing personalized quotes from a variety of different companies.

How do I know if Travelers or UAIC 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 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 carrier for you might not be Travelers or UAIC 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.