Nationwide vs. Travelers Car Insurance [2021]

Our Nationwide vs. Travelers car insurance comparison discusses coverage options, rates, discounts, industry ratings, and more. Based on rates, Nationwide may be a better option for teenagers, while Travelers might be better for adults. Both companies are accredited by the BBB and have A+ ratings. Read more below to see if one of these companies is right for you.

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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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Founder & CFP®

UPDATED: Jan 4, 2021

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Here's what you need to know...

  • Nationwide and Travelers both offer basic car insurance coverage options but may vary in their optional features and services.
  • Nationwide car insurance rates may be better for teenagers, but Travelers car insurance rates may be better for adults, depending on discount qualification.
  • Both companies are accredited by the BBB and have A+ ratings as well as lower than average complaint ratios.

During your search for affordable car insurance, you may come upon Nationwide and Travelers as options.

In our Nationwide vs. Travelers car insurance comparison, we’ll discuss each companies’ coverage options, rates, discounts, industry ratings, pros and cons, and more. Read more below to find out if either of these companies is a good choice for you.

If you’d like help with further insurance company research, you can use our free quote comparison tool by entering your ZIP code above.

What kind of coverage options do Nationwide and Travelers offer?

Both Nationwide and Travelers offer basic coverage types, including liability coverage, comprehensive coverage, collision coverage, personal injury protection (PIP), uninsured/underinsured motorist coverage, and medical payments.

They both also offer rental car coverage, gap insurance, accident forgiveness, and roadside assistance.

Nationwide insurance also offers towing and labor coverage, vanishing deductible, and total loss deductible waiver.

Travelers insurance offers new car replacement, rideshare insurance, and an umbrella policy.

Who has cheaper car insurance rates?

Let’s compare Nationwide vs. Travelers annual car insurance rates by demographic in the following table:

Nationwide vs. Travelers Average Annual Car Insurance Rates by Age, Gender, and Marital Status
Age, Gender, and Marital StatusNationwide Average Annual RatesTravelers Average Annual Rates
Single 17-year-old female$5,756.37$9,307.32
Single 17-year-old male$7,175.31$12,850.91
Single 25-year-old female$2,686.48$2,325.25
Single 25-year-old male$2,889.04$2,491.21
Married 35-year-old female$2,360.49$2,178.66
Married 35-year-old male$2,387.43$2,199.51
Married 60-year-old female$2,130.26$2,051.98
Married 60-year-old male$2,214.62$2,074.41
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As the data shows above, Nationwide car insurance rates may be more beneficial to teenagers, while Travelers car insurance rates are cheaper for adults.

Which company has better discounts?

Both Nationwide and Travelers have the following discounts:

The Nationwide car insurance company alone offers the following discounts:

  • Anti-theft device discount
  • SmartRide discount
  • SmartMiles discount
  • Easy pay signup discount
  • Accident-free discount
  • Defensive driving discount
  • Paperless document discount

The Travelers car insurance company alone offers the following discounts:

  • Multi-car discount
  • Homeownership discount
  • Continuous insurance discount
  • Hybrid/electric vehicle discount
  • New car discount
  • EFT paid in full, and good payer discounts
  • Early quote discount
  • Student-away-at-school discount
  • Driver training discount

Even though Nationwide generally has higher rates than Travelers, you may still be able to get cheaper rates from Nationwide depending on which discounts you’re qualified to receive.

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Does Nationwide or Travelers have better ratings?

Let’s compare Nationwide and Travelers auto insurance based on industry ratings.

Nationwide vs. Travelers Car Insurance BBB Ratings

Nationwide’s headquarters, located in Columbus, OH, is accredited by the BBB. It has an A+ rating. However, 77 customer complaints have been closed in the past year, giving the company a 1.17/5 star rating.

Travelers headquarters, located in New York, NY, is also accredited by the BBB. It has an A+ rating. However, 144 customer complaints have been closed in the past year, giving the company a 1.21/5 star rating.

The average complaint ratio for insurance companies is a 1.00. Nationwide has a 0.64 complaint ratio, meaning they receive fewer complaints than other companies of the same size.

Travelers’ complaint ratio varies widely depending on the source, but most sources indicate they also receive fewer complaints than other companies of the same size.

Nationwide vs. Travelers Financial Strength

According to A.M. Best, Nationwide has a financial strength rating of A+. This means they are expected to be able to make payments for claims and other financial obligations.

While Travelers doesn’t have an overall financial strength rating from A.M. Best, their long-term issuer credit rating is a+, and their short-term issuer credit rating is AMB-1+. These ratings indicate that they are stable and should also be able to meet financial obligations.

Nationwide vs. Travelers: Pros and Cons

Some of the pros of working with Nationwide are:

  • Up to a 20 percent discount when you bundle insurance policies
  • The workmanship on repairs is guaranteed by the On Your Side Auto Repair Network

Some of the pros of working with Travelers are:

  • New car replacement is covered for five years versus the average of only two or three
  • Offers accident forgiveness

Some of the cons of working with Nationwide are:

  • Rates increase for imperfect driving records
  • May require a credit check

Some of the cons of working with Travelers are:

  • Rates may still be more expensive than competitors

You have to decide what is most important for your needs.

How can I get quotes?

Nationwide car insurance quotes can be found by using their website (www.nationwide.com) or by contacting one of their insurance agents.

Travelers car insurance quotes can also be found by using their website (www.travelers.com) or by contacting one of their insurance agents.

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Conclusion: Nationwide vs. Travelers Car Insurance

Nationwide and Travelers both offer basic car insurance coverages but may vary in their optional features and services.

While Nationwide may be a better option for teenagers in terms of rates, Travelers is generally cheaper for adults. Each company has its own offerings of discounts, so depending on what discounts you qualify for, Nationwide could be cheaper for you.

Both Nationwide and Travelers are accredited by the BBB and have A+ ratings. Both companies also have complaint ratios that are below the 1.00 median for other companies of the same size, meaning that customers are happier with these companies than their competitors.

You can get quotes from each of these companies by visiting their websites or contacting one of their insurance agents.

If you need help comparing your quotes to other companies in your area, enter your ZIP code into our free quote comparison tool below.

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