Farmers vs. Travelers Car Insurance [2021]

How do Farmers vs. Travelers car insurance compare? Travelers Insurance has stronger financial ratings and a lower NAIC complaint ratio, but both companies have good ratings for their customer service. Farmers Insurance does offer more car insurance discounts than Travelers insurance. Farmers and Travelers determine your car insurance rates differently, so it's best to get multiple quotes. Learn more.

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Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Jan 28, 2021

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Travelers vs. Farmers Car Insurance Comparison Summary
DetailsFarmersTravelers
Year Founded19281864
Headquarters3120 139th Ave., Suite 300
Bellevue, WA 98005
485 Lexington Ave.,
New York, NY, 10017
Available in:50 states44 states
Direct Premiums Written$6,357,987,000 $2,904,392,000
Market Share4.58%1.96 %
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How do the Travelers vs. Farmers car insurance companies compare? Let’s dive in.

Looking for cheap car insurance? Is customer service important to you when you choose a car insurer? There are metrics we can use to see how these insurers stack against each other, and it’s important to understand your car insurance policy.

Let’s take a closer look at Farmers vs. Travelers car insurance rates, financial ratings, and customer satisfaction to see which company might be best for you.

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Farmers vs. Travelers: Comparing Car Insurance Rates

Let’s take a look at car insurance rates for Farmers car insurance vs. insurance rates for Travelers car insurance.

Insurers determine your rates by a number of different factors, and each company weighs these factors a little differently. This is why you’ll be charged different rates from different insurers.

Let’s look at car insurance rates by state, demographic, credit history, and more.

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Farmers vs. Travelers: Which is cheapest by state?

Your location is a huge factor for car insurers when they determine your rates. If you live in Iowa, you’ll have much cheaper rates than someone living in Michigan.

Let’s look at rates by state for Travelers and Farmers in the table below.

Farmers vs. Travelers Average Annual Car Insurance Rates by State
StatesFarmers Average Annual RatesTravelers Average Annual Rates
Iowa$2,435.72Data Not Available
Maine$2,770.15$3,697.80
Washington$2,962.00$5,973.33
Wyoming$3,069.35$3,084.74
North Dakota$3,092.49$3,349.54
Minnesota$3,137.45Data Not Available
Idaho$3,168.28$6,004.29
Ohio$3,423.01Data Not Available
Tennessee$3,430.07$4,182.36
Indiana$3,437.55Data Not Available
Kansas$3,703.77Data Not Available
Oregon$3,753.52Data Not Available
South Dakota$3,768.80$5,429.38
Wisconsin$3,777.49$3,226.29
Montana$3,907.55$2,499.76
Utah$3,907.99$3,393.75
Nebraska$3,997.29$4,341.43
Oklahoma$4,142.40$6,551.68
Alabama$4,185.80Data Not Available
Arkansas$4,257.87$2,252.97
Missouri$4,312.19Data Not Available
New Mexico$4,315.53$3,537.94
Illinois$4,605.20$8,773.97
South Carolina$4,691.85Data Not Available
Hawaii$4,763.82Data Not Available
California$4,998.78$3,729.32
Arizona$5,000.08Data Not Available
Colorado$5,290.24$3,132.66
Nevada$5,595.56Data Not Available
New Jersey$7,617.00Data Not Available
Michigan$8,503.60Data Not Available
AlaskaData Not Available$4,254.49
ConnecticutData Not AvailableData Not Available
District of ColumbiaData Not Available$5,360.41
DelawareData Not Available$4,578.79
FloridaData Not Available$3,135.16
GeorgiaData Not AvailableData Not Available
KentuckyData Not Available$2,892.19
LouisianaData Not Available$7,842.47
MarylandData Not Available$6,909.45
MassachusettsData Not AvailableData Not Available
MississippiData Not AvailableData Not Available
North CarolinaData Not Available$2,738.52
New HampshireData Not AvailableData Not Available
New YorkData Not AvailableData Not Available
PennsylvaniaData Not AvailableData Not Available
Rhode IslandData Not AvailableData Not Available
TexasData Not AvailableData Not Available
VirginiaData Not AvailableData Not Available
VermontData Not AvailableData Not Available
West VirginiaData Not AvailableData Not Available
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For the following states, we did not have rates from either car insurer.

  • CT
  • GA
  • MA
  • MI
  • NH
  • NY
  • PA
  • RI
  • TX
  • VA
  • VT
  • WV

However, Farmers does provide rates for more states than Travelers does, so points for transparency to them.

Farmers vs. Travelers: Which is cheapest by driving record?

Your driving record is the single biggest factor that you can control when it comes to your car insurance rates. How do car insurance rates by driving record compare?

Farmers vs. Travelers: Rates with One Speeding Ticket

A speeding ticket can ruin your day, and it can raise your rates. Take a look below to see just how much.

Farmers vs. Travelers Average Annual Car Insurance Rates with One Speeding Ticket
Driving RecordFarmers Average Annual RatesTravelers Average Annual Rates
Clean record$3,460.60$3,447.69
With One speeding violation$4,079.01$4,260.80
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What is the difference when it comes to Farmesr Insurance vs. Travelers Insurance and speeding tickets?

Farmers Insurance may raise your rates around 18 percent for just one speeding ticket. Travelers is a bit more harsh on speeding, and they will increase your rates around 24 percent.

Farmers vs. Travelers :  Rates with One Car Accident

Travelers may punish more harshly for a speeding ticket, but they’re not as tough as Farmers for an at-fault accident.

Farmers vs. Travelers Average Annual Car Insurance Rates with One Car Accident
Driving RecordFarmers Average Annual RatesTravelers Average Annual Rates
Clean record$3,460.60$3,447.69
With One accident$4,518.73$4,289.74
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Travelers can raise your rates 24 percent, but Farmers’ rates will go up by around 31 percent.

Farmers vs. Travelers: Rates with One DUI

Both companies are harshest with raising your rates after a DUI.

Farmers vs. Travelers Average Annual Car Insurance Rates Increase With One DUI
Driving RecordFarmers Average Annual RatesTravelers Average Annual Rates
Clean record$3,460.60$3,447.69
With One DUI$4,718.75$5,741.40
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Farmers raises rates on average 36 percent, but with Travelers rates will go up nearly twice that at 67 percent.

Farmers vs. Travelers: Which is cheapest by age and gender?

You probably already know that your age affects your car insurance rates, but your gender does too in most states. Take a look at the table below.

Farmers vs. Travelers Average Annual Car Insurance Rates by Age and Gender
DemographicFarmers Average Annual RatesTravelers Average Annual Rates
Married 60-year old female$2,336.80$2,051.98
Married 60-year old male$2,448.39$2,074.41
Married 35-year old female$2,556.98$2,178.66
Married 35-year old male$2,557.75$2,199.51
Single 25-year old female$2,946.80$2,325.25
Single 25-year old male$3,041.44$2,491.21
Single 17-year old female$8,521.97$9,307.32
Single 17-year old male$9,144.04$12,850.91
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Travelers is far more expensive for teen drivers, but cheaper for every other demographic.

It’s important to note that it’s illegal in some states to factor your gender into your car insurance rates.

These states are:

  • California
  • Hawaii
  • Massachussetts
  • Montana
  • North Carolina
  • Pennsylvania

But for every other state, it’s still legal to charge more based on your gender.

Farmers vs. Travelers: Which is cheapest by credit score?

Your credit score can also influence your rates.

Farmers vs. Travelers Average Annual Annual Car Insurance Rates By Credit History
Credit HistoryFarmers Average Annual RatesTravelers Average Annual Rates
Good$3,677.12$4,058.97
Fair$3,899.41$4,344.10
Poor$4,864.14$5,160.22
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Travelers actually has higher rates overall for each of these categories, but it has a smaller increase for poor credit.

Farmers vs. Travelers: Which is cheapest by annual mileage?

If you find yourself queuing up a playlist for your drive, you may be paying more than your neighbor who works down the street.

Farmers vs. Travelers Average Annual Car Insurance Rates by Commute Length
Commute And Annual MileageFarmers Average Annual RatesTravelers Average Annual Rates
10 miles commute
6,000 annual mileage
$4,179.32$4,399.85
25 miles commute
12,000 annual mileage
$4,209.22$4,469.96
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Your Travelers rates may rise by around two percent if you drive a lot of miles, while Farmers raises them less than one percent.

Farmers vs. Travelers: Which is cheapest by car make and model?

The vehicle you have is also going to affect your rates. Think about it… if you get a 2020 Maserati Ghibli versus a 1993 Honda Accord, you really shouldn’t have the same coverage.

One vehicle costs far more than the other, and it will also cost way more to repair or replace. Newer and pricier cars typically cost more to insure.

Farmers vs. Travelers Average Annual Car Insurance Rates by Vehicle Make and Model
Make and ModelFarmers Average Annual RatesTravelers Average Annual Rates
2015 Ford F-150: Lariat SuperCab with 2WD 6.5 foot bed and 2.7L V6$4,093.50$4,023.47
2015 Honda Civic Sedan: LX with 2.0L 4cyl and CVT$4,405.21$4,420.37
2015 Toyota RAV4: XLE$3,728.22$4,383.78
2018 Ford F-150: Lariat SuperCab with 2WD 6.5 foot bed and 2.7L V6$4,390.19$4,412.42
2018 Honda Civic Sedan: LX with 2.0L 4cyl and CVT$4,779.51$4,661.22
2018 Toyota RAV4: XLE$3,769.00$4,708.19
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This is why it’s so important to shop around. Some insurance companies look at safety ratings, value, and loss ratios more than other categories.

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Farmers vs. Travelers: Which is cheapest by coverage level?

Depending on your vehicle and driving needs, you may opt for a higher level of coverage. How do these companies compare?

Farmers vs. Travelers Average Annual Car Insurance Rates by Coverage Level
Car Insurance Coverage LevelFarmers Average Annual RatesTravelers Average Annual Rates
High$4,494.13$4,619.07
Low$3,922.47$4,223.63
Medium$4,166.22$4,462.02
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Travelers has just a nine percent increase between a low and high level of coverage, so why not go for the higher level? Farmers isn’t much more expensive, with an increase of 15 percent.

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Farmers vs. Travelers: Ratings and Customer Satisfaction

If you’ve ever had to talk to a bad customer service agent, you know that type of frustration and probably don’t want to experience it again. That’s why it’s important to look at customer satisfaction ratings.

And if you want a company to actually pay out your claim, you’ll want to make sure they are financially stable enough to do so. Let’s look at how Farmers and Travelers compare.

Farmers vs. Travelers: What are their financial ratings?

How strong are Farmers and Travelers financially? Companies such as A.M. Best are there to objectively rank them. This video goes over A.M. Best ratings.

Along with A.M. Best, let’s take a closer look at Moody’s and Standard and Poor’s ratings for Travelers and Farmers below.

Farmers vs. Travelers Car Insurance Financial Ratings
Financial Ratings AgenciesFarmers Financial RatingsTravelers Financial Ratings
AM BestAA++
S&PAAA
Moody'sA2Aa2
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Travelers and Farmers both have great ratings, but Travelers edges out Farmers in every category here. In fact, Travelers has the highest possible A.M. Best rating.

Farmers vs. Travelers: How do customers rate them?

What are customers saying about Travelers and Farmers?

Farmers vs Travelers Car Insurance Customer Satisfaction Ratings
Customer Satisfaction Ratings AgenciesFarmers Customer Satisfaction RatingsTravelers Customer Satisfaction Ratings
JD PowerAbout AverageAbout Average
NAIC Complaint Index (1 being the market average)0.790.09
Better Business BureauA+A+
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Farmers and Travelers are pretty neck and neck on most of this, but Travelers does have a lower complain index (meaning their customers file fewer complaints), so they pull ahead by a hair.

Farmers vs. Travelers: What is their market share?

Farmers has a market share of 4.58 percent. Travelers is a bit smaller with a 1.96 percent market share.

Both companies are still going strong, with Travelers’ share increasing in recent years.

Farmers vs. Travelers: Car Insurance Coverage and Options

What types of coverage can you get with these two companies?

Farmers vs. Travelers: What are their coverage options?

Farmers Insurance offers many car insurance options, including traditional auto, as well as other coverages like home, life, business, renters, condo insurance, and more.

Travelers offers all traditional car insurance options as well. It also offers coverages such as gap insurance, roadside assistance, rental coverage, new car replacement, and accident forgiveness.

Usage-Based Insurance Programs

Travelers offers the IntelliDrive app to monitor your driving habits.

Farmers offers the Signal® app, which can save you up to 15 percent.

Farmers vs. Travelers: What discounts do they offer?

The easiest way to save money on your car insurance premium is to sign up for every discount you can get. Let’s see which discounts are offered by Travelers and Farmers insurance companies.

Farmers Vs Travelers Car Insurance Discounts
Discounts AvailableFarmers Car Insurance DiscountsTravelers Car Insurance Discounts
Adaptive Headlightsx
Anti-lock Brakesxx
Anti-Theftxx
Daytime Running Lightsxx
Electronic Stability Controlx
Utility Vehiclex
Vehicle Recoveryxx
VIN Etchingxx
Newer Vehiclexx
Green Vehiclexx
Claim Freexx
Continuous Coveragexx
Defensive Driverxx
Distant Studentxx
Driver's Edxx
Driving Device/Appx
Early Signingxx
Family Planx
Farm Vehiclex
Federal Employeex
Full Paymentxx
Further Educationx
Garaging/Storingxx
Good Studentxx
Homeownerxx
Low Mileagexx
Membership/Groupx
Militaryx
Multiple Policiesxx
Multiple Vehiclesxx
Occupationxx
On Time Paymentsx
Paperless Documentsx
Paperless/Auto Billingxx
Passive Restraintxx
Safe Driverxx
Senior Driverx
Switching Providerx
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Travelers offers 28 car insurance discounts to its drivers. Farmers gets the upper hand in this category, though. They offer 34 car insurance discounts.

Farmers vs. Travelers: Which company is the best?

How do the travelers vs. farmers car insurance companies compare? Now that we’ve compared these two companies, which is best? We’ve looked at Farmers’ and Travelers’ car insurance rates, financial ratings, and customer satisfaction.

Truly, this depends on your needs. Travelers has better financial ratings, and it has a lower NAIC complaint index. But both companies fair well in the other customer service metrics.

Farmers offers more car insurance discounts to its drivers.

It’s always smart to check with multiple car insurance companies when you’re shopping for coverage. Before you decide to buy car insuance, get more than just Travelers vs. Farmers car insurance quotes.

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