Farmers vs. Travelers Auto Insurance (2021)
Comparing Farmers vs. Travelers car insurance rates show Farmers is cheaper for teen drivers and high-risk drivers with a DUI. External ratings of Farmers vs. Travelers car insurance companies reveal Farmers having an A from A.M. Best and Travelers having higher customer satisfaction. Travelers has heftier discounts to offset higher rates.
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Written by
Leslie Kasperowicz
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Reviewed by
Daniel Walker
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UPDATED: Jun 22, 2021
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- You can save 25% on auto insurance for your teen driver by choosing Farmers over Travelers
- If you have a DUI on your driving record, Farmers is a better choice than Travelers
- Farmers has a broader variety of discounts, but Travelers has some deals as high as 30%
Both Farmers and Travelers are on the list of the top 10 best auto insurance companies, but which company is the best option based on your personal characteristics?
We’ll compare Farmers vs. Travelers auto insurance rates based on age, driving record, and credit history to see which one better suits your needs.
We’ll also compare available discounts and ratings from agencies with a credible and trustworthy view of Farmers vs. Travelers auto insurance companies.
Before you jump into this Farmers vs. Travelers auto insurance review, enter your ZIP code to start comparing quotes from multiple companies in your area.
Table of Contents
Is Farmers auto insurance or Travelers auto insurance cheaper based on age?
The older we get, the more driving experience we have. Car insurance companies use age as one of the most influential factors in determining your auto insurance rates.
It’s also legal in most states to base auto insurance rates on marital status and gender. Let’s compare Farmers vs. Travelers auto insurance quotes based on age, gender, and marital status.
| Age, Gender, and Marital Status | Farmers Average Annual Rates | Travelers Average Annual Rates |
|---|---|---|
| Single 17-year-old female | $8,522 | $9,307 |
| Single 17-year-old male | $9,144 | $12,851 |
| Single 25-year-old female | $2,947 | $2,325 |
| Single 25-year-old male | $3,041 | $2,491 |
| Married 35-year-old female | $2,557 | $2,179 |
| Married 35-year-old male | $2,558 | $2,200 |
| Married 60-year-old female | $2,337 | $2,052 |
| Married 60-year-old male | $2,448 | $2,074 |
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Farmers is a much better option if you have a young driver in your household. You will pay 25% more with Travelers covering your teen driver.
When it comes to auto insurance for those 25 and older, Travelers is around 16% cheaper than Farmers.
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Is Farmers auto insurance or Travelers auto insurance cheaper based on driving record?
Speeding tickets, accidents, or DUIs on your driving record will raise your auto insurance rates no matter what company you pick because these infractions make you look like a high-risk driver.
| Infraction | Farmers Average Annual Rates | Travelers Average Annual Rates |
|---|---|---|
| Clean record | $3,461 | $3,448 |
| With one speeding violation | $4,079 | $4,261 |
| With one accident | $4,519 | $4,290 |
| With one DUI | $4,719 | $5,741 |
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There isn’t a massive difference in auto insurance rates between Farmers and Travelers for those with a clean driving record, one speeding ticket, or one accident. However, if you have a DUI, Farmers is a much better choice than Travelers.
It’s also essential to take a close look at how punitive each company is if you sign up with a clean driving record but then later get an infraction.
Farmers is not as punitive with current customers as Travelers. If you have a clean record now and choose Farmers, your rates will increase by only 36% if you get a DUI. With Travelers, your rates will increase by 67%.
Is Farmers auto insurance or Travelers auto insurance cheaper based on credit score?
In most states, it is legal for auto insurance companies to base rates on your credit score; however, some are banning this practice along with basing rates on gender and marital status.
Auto insurance companies justify using your credit score to determine your rates based on the assumption that those with higher credit scores are more responsible drivers less likely to file a claim.
Can affordable Farmers vs. Travelers auto insurance be found for those with bad credit? Let’s look at how Farmers and Travelers set rates for drivers with low credit scores.
| Credit Score | Farmers Average Annual Rates | Travelers Average Annual Rates |
|---|---|---|
| Good Credit (670-739) | $3,677 | $4,059 |
| Fair Credit Score (580-669) | $3,899 | $4,344 |
| Poor Credit Score (300-579) | $4,864 | $5,160 |
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No matter your credit score, your rates will be cheaper with Farmers than with Travelers.
Once you are with Farmers, if your credit score drops, expect your auto insurance rates to increase by 32%. Travelers will raise your rates by only 27%.
You may live in a state like California where basing auto insurance on credit score is illegal. Be sure to review your state’s laws before judging Farmers vs. Travelers auto insurance rates based on credit score alone.
Does Farmers or Travelers have better auto insurance discounts?
Auto insurance discounts vary widely by company. That’s why it pays to shop around, especially if you have a bad driving record or low credit score. Discounts can help offset high rates.
| Discounts | Farmers Discounts Percentage | Travelers Discounts Percentage |
|---|---|---|
| Adaptive Headlights | yes | n/a |
| Anti-lock Brakes | yes | n/a |
| Anti-Theft | yes | n/a |
| Claim Free | yes | 23 |
| Continuous Coverage | yes | 15 |
| Daytime Running Lights | yes | n/a |
| Defensive Driver | yes | 10 |
| Distant Student | yes | 7 |
| Driver's Ed | n/a | 8 |
| Driving Device/App | yes | 30 |
| Early Signing | yes | 10 |
| Emergency Deployment | yes | n/a |
| Engaged Couple | yes | n/a |
| Family Legacy | yes | n/a |
| Family Plan | yes | n/a |
| Farm Vehicle | yes | n/a |
| Federal Employee | yes | n/a |
| Full Payment | n/a | 7.5 |
| Garaging/Storing | yes | n/a |
| Good Credit | yes | n/a |
| Good Student | n/a | 8 |
| Green Vehicle | 5 | 10 |
| Homeowner | yes | 5 |
| Life Insurance | yes | n/a |
| Loyalty | yes | n/a |
| Married | yes | n/a |
| Military | yes | n/a |
| Multiple Policies | n/a | 13 |
| Multiple Vehicles | yes | 8 |
| New Graduate | yes | n/a |
| Newer Vehicle | yes | 10 |
| On Time Payments | n/a | 15 |
| Paperless Documents | yes | n/a |
| Paperless/Auto Billing | n/a | 3 |
| Recent Retirees | yes | n/a |
| Renter | yes | n/a |
| Roadside Assistance | yes | n/a |
| Safe Driver | n/a | 23 |
| Stable Residence | yes | n/a |
| Switching Provider | yes | n/a |
| VIN Etching | yes | n/a |
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When comparing Farmers vs. Travelers discounts, Farmers has a total of 32 auto insurance discounts, but our data source doesn’t include the percentage of each discount. Travelers has a total of 17 discounts.
Travelers offers a claim-free discount of 23%. Other great discounts ranging from 15% to 30% are offered for making on-time payments, having continuous coverage, being a safe driver, and using the Travelers driving app.
The discounts offered by auto insurance companies often target specific types of drivers. Call the Farmers or Travelers insurance phone number to ask if there are any additional discounts.
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What types of auto insurance coverages are offered by Farmers and Travelers?
No matter which provider you choose, be sure you understand the various auto insurance coverage types before purchasing each one:
- Liability auto insurance coverage (bodily injury and property damage)
- Comprehensive auto insurance coverage
- Collision auto insurance coverage
- Uninsured/underinsured auto insurance coverage
- Medical payments (MedPay) auto insurance coverage (significant in states that require no-fault auto insurance)
- Personal injury protection (PIP) auto insurance coverage
Take a close look at any specialty coverages you might need, such as rental reimbursement, roadside assistance, guaranteed auto protection (GAP), mechanical breakdown, and insurance for recreational vehicles such as ATVs or boats.
Since Farmers and Travelers are two of the top 10 companies that make up most of the auto insurance market share, they have the means to offer a wider variety of auto insurance coverages beyond the standard six coverages listed above.
Does Farmers or Travelers have better auto insurance mobile apps?
Usage-based auto insurance has become an industry trend in the last decade. More prominent auto insurance companies have a mobile phone app or a device that is installed into your car to evaluate your driving.
Large auto insurance companies also provide a more general app to enable you to view your policy, make changes, and pay your bill. Usually, your Farmers insurance login or Travelers insurance login will work with the general app and the driving app.
How do Farmers and Travelers auto insurance compare in financial strength and customer satisfaction?
Buying auto insurance is a big financial responsibility, so you want to make sure you choose the right company that will be there for you when you need it.
A company’s financial strength, customer satisfaction with the claims process, and customer complaints should be examined before you make your decision.
The following three agencies provide insight into these factors:
A.M. Best scores companies based on their ability to meet their ongoing insurance obligations, such as balancing premiums collected and claims paid. The highest score A.M. Best awards is Superior A++.
Consumer Reports collects annual data from its subscribers regarding customer satisfaction of the Farmers insurance claims process and the Travelers claims process, step by step. In its 2017 survey, 27 insurance companies were rated, and scores ranged from 86 to 96.
The National Association of Insurance Commissioners (NAIC) calculates a complaint ratio based on the total number of customers vs. the total number of complaints. In 2017, the national average complaint ratio was one. The lower the ratio, the better.
Should you buy Farmers vs. Travelers auto insurance? To make the decision easier, let’s take a closer look at external ratings for Farmers and Travelers.
| Rating Agency | Farmers | Travelers |
|---|---|---|
| AM Best Rating | A | N/A |
| Consumer Reports | 89 | 90 |
| NAIC Company Complaint Ratio | 0.59 | 0.09 |
| NAIC Total Complaints | 7 | 2 |
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Both Farmers and Travelers are highly rated for customer satisfaction with the claims process. Farmers Insurance has earned an A from A.M. Best.
Travelers Insurance has a slightly lower customer complaint ratio, but both companies appear to receive few complaints.
Before you choose between Farmers vs. Travelers auto insurance, enter your ZIP code to compare multiple auto insurance companies in your area.