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

Quick Facts

• Based on national averages for car insurance, Travelers offers slightly less expensive premiums than Vermont Mutual
• Travelers tends to be a much more affordable option for policyholders who drive a short distance to work everyday
• Vermont Mutual offers more affordable rates for policyholders who have a clean driving record, free of accidents, tickets, or DUIs

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

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

You might have narrowed it down to Travelers or Vermont Mutual as your top options, but which carrier will save you the most?

Looking at the national average rates for both companies, Travelers is about $6 per month cheaper than Vermont Mutual.

However, Travelers may not be the most affordable or best option for each driver out there. Auto insurance carriers vary their prices depending on things like where you live, how clean your driving record is, how old you are, how good your credit score is, and all sorts of other factors. So, at the end of the day, premiums from each carrier will differ quite a bit from person to person.

So, if you want to find out which of Travelers or Vermont Mutual is really the best for you, keep reading to see average rates for each company broken down by multiple different rate factors.

Travelers or Vermont Mutual: Average Car Insurance Rates by State

Travelers and Vermont Mutual only compete against each other in two states, with Travelers offering less expensive prices to the average driver in all of them. Maine has the most noticable difference, where Travelers premiums are over 70% more affordable than insurance rates at Vermont Mutual.

But there's more to calculating car insurance premiums than just where you call home. Read on to learn more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers usually pay a lot more for insurance than any group on the road. Typically, that's because young, inexperienced drivers are statistically much more likely to get into accidents since they have less experience on the roads.

But that doesn't mean teen drivers can't still save money on their auto insurance. Just look at the table above -- where 18-year-old drivers who have Vermont Mutual for their car insurance pay more than $10 less than those who use Travelers.

That being said, both companies will reduce rates by the time you turn 25. For example, average prices for Travelers policyholders lower over $200 and Vermont Mutual's premiums drop nearly $200 over that time.

Which is the Best Company for Retired Drivers?

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

But who has the best rates for retired drivers between Travelers and Vermont Mutual? Vermont Mutual gets the slight edge here, with average prices coming in at around $131 per month compared to Travelers's $132. Even so, that difference is less than 5%, which means it ultimately will come down to other factors, such as your driving record or where you live.

Which is the Best Company for Married Drivers?

Did you know that car insurance premiums are normally more expensive for those who are single than they are for married couples? That's generally because married drivers tend to own and insure several cars, which can often earn you a discount.

If you're in the market for insurance, Travelers tends to have the cheapest average prices regardless of if you're married or single, with prices about 2% cheaper for married policyholders and around 4% more affordable for single policyholders.

Travelers vs. Vermont Mutual: Average Rates by Gender

Men are statistically more likely than women to cause a collision and get into accidents, which means they'll typically end up paying more for auto insurance than women.

Men usually pay about $10 a month more than women with Travelers, while with Vermont Mutual, the difference is closer to $14 per month.

Looking at the data for each carrier specifically, Travelers offers the lowest average rates for both men and women, with average premiums $8 less for men and $5 cheaper for women.

Travelers or Vermont Mutual: 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 can be a complicated subject for most people. There are so many different terms and limits 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 (that covers property damage and bodily injury for other drivers and passengers if you cause an accident) and full coverage (which includes two additional coverages -- comprehensive and collision -- in addition to what you get with liability coverage).

In this case, Vermont Mutual offers the cheapest average prices for state minimum liability insurance, while Travelers has the edge for full coverage policies with similar coverage limits. Drivers looking for basic state minimum coverage can save around $25 with Vermont Mutual, while full coverage comes out to be around $35 cheaper with Travelers.

Is Travelers or Vermont Mutual Better for Drivers with Spotty Records?

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

Tickets and collisions will most likely raise your rates, but is Travelers or Vermont Mutual less expensive for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Travelers policyholders can expect their premiums to go up an average of $32 a month if they get a ticket, while Vermont Mutual normally raises prices about $7 per month, on average.

That being said, Vermont Mutual has more affordable rates for drivers in both categories, offering prices that are $11 and $36 cheaper, respectively, compared to Travelers.

Which Company is Best for Drivers After an Accident?

Travelers policyholders who get in a collision can expect to see their premiums climb by over 25%, while those who have insurance through Vermont Mutual will see around a 20% increase.

Overall, Vermont Mutual offers the most affordable rates for drivers with an at-fault accident on their records, with monthly prices averaging $144 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. Vermont Mutual drivers usually see a 62% climb in their car insurance premiums after a DUI charge, while Travelers will usually raise rates by about 38%.

If you have a DUI on your record and are looking for more affordable prices, Travelers tends to be the much less expensive option with average premiums of $205 monthly compared to $307 from Vermont Mutual.

How does Credit Score Impact Travelers and Vermont Mutual Rates?

Did you know that many insurance companies take into account your credit score when calculating rates? This isn't always the case (for example, Hawaii and Michigan are two states that ban the practice entirely), but it will come into play for quite a few drivers.

The reasoning auto insurance carriers use is that policyholders with good credit will be more likely to pay their bills on time; so they'll reward them with cheaper premiums, while those with poor credit will normally be forced to pay more.

So, which company offers the lowest rates for drivers with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

If you have solid credit, you'll usually find a better deal with Vermont Mutual. Policyholders with "excellent" credit can save just under 15% compared to Travelers, and those with "good" scores can also expect to see savings -- around $21 or 15% cheaper every month.

Which Company is Best for Drivers with Bad Credit?

If you have a below average credit score, it can be somewhat of a toss-up as far as which company offers you the best prices. Drivers with "fair" credit pay about $11 less with Vermont Mutual than Travelers, but those whose credit is considered "poor" have it flipped -- saving around $59 a month with Travelers.

Is Travelers or Vermont Mutual 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 car insurance cost. Generally, those who drive fewer miles will end up with less expensive premiums since there's less of a chance of getting into a collision and causing an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Vermont Mutual charges. However, there's a small difference in monthly rates for Travelers, with policyholders who drive the least paying about $5 less each month compared to those who drive 12,000 miles yearly. Still, Travelers is the more affordable option for drivers in both categories.

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

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

Travelers tends to offer the cheapest option for drivers in rural and suburban areas, while Vermont Mutual wins in urban areas.

If you live in a rural area, you can expect to save around 11% with Travelers compared to Vermont Mutual. Drivers in suburban ZIP codes pay about 5% less with Travelers compared to Vermont Mutual. In urban areas, Vermont Mutual's average prices are around 2% less than Travelers.

Travelers vs. Vermont Mutual 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 taking advantage of as many auto insurance discounts as you can.

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

In the table below, we've broken down all of the different discounts offered by both Travelers and Vermont Mutual so that you can see which company offers the most discounts and see which ones you might be able to take advantage of.

Travelers blows Vermont Mutual away when it comes to the sheer amount of discounts available, offering 25 different discounts to Vermont Mutual's 14.

Both companies offer quite a few of the same discounts -- like advance quote discounts, distant student discounts, discounts for getting driver training, and discounts for insuring multiple cars with the same company -- but Travelers also offers alternative fuel discounts, continuous insurance discounts, COVID-19 relief discount, and more that Vermont Mutual does not.

On the flip side, Vermont Mutual has a couple unique discounts of its own -- annual mileage discounts, experienced operator discounts, and renewal discounts.

Final Thoughts: Is Travelers or Vermont Mutual Best for You?

You've seen the role certain variables have on your insurance and the different discounts carriers offer. That's all well and good, but at the end of the day, is Travelers or Vermont Mutual the best one for you and your specific needs?

Travelers might be best for you if....

• You're single and purchasing car insurance by yourself.
• You're looking for more protection with "full coverage" auto insurance.
• You have a short commute.

Vermont Mutual might be best for you if...

• You've received a ticket for speeding recently and don't want to see your rates rise.
• You want basic insurance coverage at the state minimum limits.
• You are over 65 years old and want to save some money on your auto insurance.

We hope this guide has ben a valuable resource as you compare Travelers and Vermont Mutual. We also hope we've given you the information you need to make the best 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 a handful of companies, not just Travelers and Vermont Mutual. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code below and get multiple quotes from some of the best insurance carriers in your area, all for free.

Travelers vs. Vermont Mutual FAQs

Is Travelers or Vermont Mutual cheaper?

Looking just at the national average prices, Travelers is the less expensive of the two companies, offering average rates of $167 per month compared to $173 for Vermont Mutual. Even so, Travelers won't necessarily be the most affordable company for every driver, since there are many different factors (things like gender, age, driving record, etc.) that play a role in how much you pay.

Who is better, Travelers or Vermont Mutual?

Sadly, the answer truly is "it depends.". One carrier is not "better" for each driver -- it all comes down to what your unique car insurance profile looks like. For example, Travelers offers cheaper premiums for drivers with a recent DUI, while Vermont Mutual is more affordable for drivers with excellent credit.

Why do Travelers and Vermont Mutual offer me different rates?

Insurance carriers take a look at several different variables when determining the prices they charge drivers. Factors such as gender, age, where you park your vehicle, your driving record, and sometimes even things like your credit score can all come into play. Both Travelers and Vermont Mutual calculate rates using different variables, 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 a range of different companies.

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

The only way to find the auto insurance carrier that's right for you is by getting quotes from multiple carriers and finding the one best suited for your individual budget. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your area information and you'll get free quotes from dozens of the best car insurance companies in your area. That way, you can guarantee you're getting the most affordable price. And who knows, the best company for you might not be Travelers or Vermont Mutual 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.