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

Quick Facts

• Based on national averages for auto insurance, Virginia Farm Bureau offers significantly less expensive prices than Travelers
• Travelers may help you save more money -- they offer more discounts than Virginia Farm Bureau Insurance
• Virginia Farm Bureau offers more affordable premiums for single people who will be the only person on the car insurance policy

Travelers or Virginia Farm Bureau: Which Company has the Cheapest Car Insurance?

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

You might be considering Travelers or Virginia Farm Bureau for your next policy, but which carrier will offer you more affordable rates?

Looking at the national average rates for both carriers, Virginia Farm Bureau is quite a bit cheaper than Travelers, with prices averaging $101 a month compared to $167 with Travelers.

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

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

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

Travelers and Virginia Farm Bureau only compete against each other in Virginia, where Virginia Farm Bureau offers the cheaper average rates. Virginia Farm Bureau drivers tend to pay about $16 per month less on average compared to drivers who use Travelers for their car insurance.

That being said, there are plenty of other factors that go into your insurance cost 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 normally pay a lot more for car insurance than any group 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 prices, teen drivers can still find ways to save money. As you can see above, teens who use Virginia Farm Bureau save over 45% a month compared to those who use Travelers. It's worth noting that Travelers offers insurance in 31 different states compared to Virginia Farm Bureau's one, which can skew the average premiums a bit, but the difference here is still considerable.

That being said, with both carriers, you'll see your rates lower significantly by the time you turn 25. Virginia Farm Bureau offers the steepest reduction, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. Travelers's average prices decrease more than 60% during that same period.

Which is the Best Company for Retired Drivers?

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

So, which company offers the best premiums to retired drivers? Virginia Farm Bureau gets the edge, with prices for drivers 65 and older over 30% cheaper than the national average for Travelers.

Which is the Best Company for Married Drivers?

Married drivers tend to get slightly more affordable insurance rates than single drivers. That's generally because married policyholders tend to own and insure more than one vehicle, which can often earn you a discount.

For single policyholders, the difference in average prices between these two companies is significant, with Virginia Farm Bureau premiums coming in at a third less than Travelers's. The advantage for married couples with Virginia Farm Bureau is also obvious, where drivers save around $55 per month.

Travelers or Virginia Farm Bureau: Average Rates by Gender

Men are statistically more likely than women to get pulled over for speeding or get into a collision. That means when it comes to auto insurance men will typically end up paying a little more.

On average, men see rates about 6% a month higher with Travelers, and around 4% with Virginia Farm Bureau.

When it comes to the cheapest premiums for each gender, Virginia Farm Bureau comes out as the most affordable option for both genders. On average, women save about $62 per month and men save about $69 with Virginia Farm Bureau compared to the average Travelers policyholder.

Travelers vs. Virginia Farm Bureau: 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.

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

But most policies that drivers look at fall into two categories -- liability coverage (which provides bodily injury and property damage coverage for other drivers and passengers if you cause an accident) and full coverage (which normally refers to having collision and comprehensive coverages in addition to what you get with a liability policy).

Looking specifically at state minimum liability insurance, Virginia Farm Bureau has the significant edge, with average monthly prices coming in at $66. If you want a full coverage policy with the same state minimum limits, Virginia Farm Bureau again has the edge, with policies averaging around $136 a month to Travelers's $225.

Is Travelers or Virginia Farm Bureau 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.

You'll probably end up paying more with speeding tickets and at-fault collisions on your record, but which of these two carriers offers the lowest rates to drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Travelers for their insurance can typically expect their monthly bill to go up about 20% after getting a speeding ticket. Virginia Farm Bureau policyholders can expect a bit more drastic of an increase of around 23%.

Even so, Virginia Farm Bureau has less expensive prices for drivers in both categories, offering premiums that are $46 and $53 cheaper, respectively, compared to Travelers.

Which Company is Best for Drivers After an Accident?

Travelers drivers who get in a collision can expect to see their rates rise by over 25%, while those who have insurance through Virginia Farm Bureau will see about a 20% increase.

At the end of the day, the less expensive premiums come from Virginia Farm Bureau, with average rates coming in at $105 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 auto insurance bill. For example, Travelers increases average prices by more than $75 per month -- that's nearly a 40% increase.

Virginia Farm Bureau has the overall cheapest rates for drivers with a DUI on their records at $111 monthly, but it's worth noting that Travelers's average rates come from 31 states compared to just one for Virginia Farm Bureau, so the data may be skewed slightly.

How does Credit Score Impact Travelers and Virginia Farm Bureau Rates?

Did you know many car insurance companies take your credit score into account when determining prices? This isn't true for everyone (for example, Michigan and Massachusetts are two states that ban the practice entirely), but it might come into play for many policyholders.

The reasoning insurance carriers use is that drivers 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 usually be forced to pay more.

So, which carrier offers the most affordable rates for policyholders with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

If you have a solid credit score, Virginia Farm Bureau will generally reward you the most. For drivers with "excellent" credit scores, Virginia Farm Bureau comes in more than 45.38 more affordable. Drivers with "good" credit scores typically save around 38% with Virginia Farm Bureau compared to average prices from Travelers.

Which Company is Best for Drivers with Bad Credit?

Virginia Farm Bureau typically offers lower premiums than Travelers when it comes to drivers with bad credit. Drivers with "fair" credit pay about 37% a month less with Virginia Farm Bureau compared to Travelers, and those with "poor" scores generally save an average of around 39% a month.

Is Travelers or Virginia Farm Bureau 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 large impact on your monthly auto insurance payment? That's because the more milage you put on your car, the more likely you are to be in an accident and file an insurance claim.

For both remote workers and those taking short commutes, Virginia Farm Bureau offers cheaper prices than Travelers. Virginia Farm Bureau's average premiums for drivers with 6,000 annual miles come in about $65 more affordable than Travelers. Those who drive 12,000 miles yearly can expect to pay around $66 less with Virginia Farm Bureau over Travelers.

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

Where you live can play a sizable role in how much you pay for car insurance. Usually, policyholders who live in heavily-populated urban areas will pay quite a bit more than rural drivers due to the number of vehicles that are on the roads where they live.

Virginia Farm Bureau tends to offer the most affordable premiums for drivers in all areas, regardless of if they're urban, suburban, or rural.

Those in rural areas can expect to save about 43% with Virginia Farm Bureau compared to Travelers. People who live in suburban areas pay around 28% less with Virginia Farm Bureau compared to Travelers. For policyholders in urban ZIP codes, Virginia Farm Bureau Insurance's average rates are about 47% less than Travelers.

Travelers vs. Virginia Farm Bureau Discounts

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

The hard 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.

Luckily, we did the hard work for you and compared all of the different discounts offered by Travelers and Virginia Farm Bureau so that you can find the company that has the most discounts and, therefore, the largest savings.

Travelers knocks Virginia Farm Bureau out of the park when it comes to the sheer number of discounts available, offering 17 more discounts than Virginia Farm Bureau.

A couple of those are overlapping for things like discounts for being a defensive driver, discounts for getting driver training, and discounts for being a good student. Travelers also offers discounts for advance quote, alternative fuel, anti-theft, and more.

On the other hand, Virginia Farm Bureau has a proprietary discount of their own -- a umbrella policy discounts.

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

So, we've broken down the average prices for many of the variables insurance companies look at, and walked through the different discounts each company offers, too. That's all well and good, but at the end of the day, which insurance carrier is the best carrier for you and your specific profile and needs?

Virginia Farm Bureau might be best for you if....

• You haven't received any speeding tickets or been in a collision in the last few years.
• Your home is located in the suburbs.
• You want to save money while purchasing car insurance for a teenager.

Travelers might be best for you if...

• You are considering moving to another state -- Virginia Farm Bureau Insurance only offers policies to Virginia residents.
• You care about discounts (Travelers offers the most).

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

Travelers vs. Virginia Farm Bureau FAQs

Is Travelers or Virginia Farm Bureau cheaper?

Virginia Farm Bureau is the less expensive of the two carriers when looking at national average premiums, with policies averaging $101 per month with Virginia Farm Bureau and $167 for Travelers. That being said, that doesn't mean Virginia Farm Bureau will be the lowest company for every policyholder, since there are a variety of different factors (things like age, driving record, gender, etc.) that play a role in how much you pay.

Who is better, Travelers or Virginia Farm Bureau?

Unfortunately, the only answer we can give you is "it depends.". Neither carrier is "better" for each policyholder -- it all boils down to your unique auto insurance profile.

Why do Travelers and Virginia Farm Bureau offer me different rates?

Insurance companies use several different variables when calculating the rates they charge. Things such as gender, age, where you call home, your driving record, and sometimes even things like your credit score can all be taken into consideration. Both Travelers and Virginia Farm Bureau use different formulas, so it's likely they'll offer different premiums. The best way to determine which company is the cheapest for you is by comparing personalized quotes from several different carriers.

How do I know if Travelers or Virginia Farm Bureau 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 ZIP code and you'll get quotes from dozens of your local top insurance carriers for free. With those, you can guarantee you're getting the best price. And maybe you'll find that the best company for you isn't Travelers or Virginia Farm Bureau 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.