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Geico and USAA are both cheaper than Travelers. Travelers car insurance has an average annual premium of $893 per year for minimum coverage, compared to $796 per year for Geico and $807 per year for USAA.
Car Insurance Companies Cheaper Than Travelers
Insurer | Average Premium for Minimum Coverage | Average Premium for Full Coverage |
Travelers | $893 per year | $3,518 per year |
Geico | $796 per year | $2,886 per year |
USAA | $807 per year | $2,802 per year |
Note: Rates are an approximation based on a driver in California. Actual rates will vary.
For more information about Travelers, check out WalletHub's full Travelers review.
This answer was first published on 10/23/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
People also ask
Geico and Progressive are better than Travelers, based on factors like average premiums, number of discounts available, and customer service record. Of the 10 largest car insurance companies, only Geico and USAA are cheaper than Travelers, on average.
Travelers vs. Popular Alternatives
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Travelers is so cheap because the company offers a wide variety of discounts that almost anyone can get. A minimum coverage policy from Travelers costs an average of $74 per month, and Travelers premiums can be made even cheaper by taking advantage of discounts such as continuous insurance discount and paid-in-full discount. Plus, Travelers rewards customer loyalty with discounts for insuring more than one car and bundling multiple policies, such as home and auto.
Average...
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The best way to get cheaper car insurance is to compare quotes from multiple companies and then switch to whichever insurer offers the coverage you want at the cheapest rate. Other ways to get cheaper car insurance include taking advantage of discounts, improving your driving record, and raising your credit score.
10 Ways to Get Cheaper Car Insurance
1. Compare quotes every 6-12 months.
Every car insurance company calculates premiums slightly differently,...
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FAQs
Of the 10 largest car insurance companies, only Geico and USAA are cheaper than Travelers, on average.
Which insurance company is usually the cheapest? ›
The cheapest car insurance rate is $38 a month from Geico according to our research team's cost analysis of national average prices for minimum coverage. The top 10 cheapest car insurance companies are Nationwide, Geico, State Farm, Travelers, Progressive, AAA, Allstate, Chubb, Farmers and USAA.
Who is known for cheapest car insurance? ›
USAA, Nationwide, Travelers, Erie, Geico and Progressive are the cheapest car insurance companies nationwide, according to our analysis.
Is Progressive insurance cheaper than Travelers? ›
Travelers Is Cheaper for Minimum Coverage
Travelers' average rate for minimum coverage beats the national average and Progressive. Progressive's rates are only marginally lower than the national average and 6% higher than Travelers' rates.
What is the cheapest insurance for full coverage? ›
Cheapest Full-coverage Car Insurance Comparison
According to our rate estimates, Nationwide offers the cheapest full-coverage car insurance at an average rate of $119 per month for a single 35-year-old with a clean driving record and good credit. USAA is also another cheap option, at $126 per month.
Why is Geico so cheap? ›
Geico is cheap because it offers a wide range of discounts that apply to a variety of situations. Geico also covers millions of drivers across the country, so it spreads out financial risk, which helps it offer cheap car insurance quotes.
What is the #1 auto insurance in the US? ›
Based on our research, Geico offers the best car insurance in California. Progressive, USAA, State Farm and Allstate are also reliable options for most drivers. *Our research team considers nationwide factors when rating providers. The ranking order of providers in this table is specific to car insurance in California.
Which car insurance is best? ›
20+ Best Car Insurance Companies in India in 2024
| Car Insurance Company | Network Garages | Claim Settlement Ratio |
|---|
| Digit Car Insurance | Repair Anywhere | 96% |
| Future Generali Car Insurance | 3500 | 96.3% |
| HDFC ERGO Car Insurance | 8200 | 99% |
| ICICI Lombard Car Insurance | 5900 | 96.75% |
18 more rowsOn average, the Hanover Insurance Group offers the most expensive car insurance and Michigan is the country's most expensive state for auto insurance. Discover if you are overpaying for car insurance below.
Who has to pay the most for car insurance? ›
In general, car insurance companies charge male drivers more for coverage because they're more likely to get into accidents. But while most states allow insurers to consider gender when setting rates, your age, location, insurance provider and driving record usually make a bigger difference.
The average cost of travel insurance is about 3% to 5% of a trip's total value, according to quotes gathered by our research team across different travel insurance providers for various traveler profiles.
Is Allstate or Progressive more expensive? ›
When comparing Allstate vs. Progressive, we rate Progressive higher in several review categories and have found that it's a cheaper option for most drivers. Progressive has comprehensive coverage offerings and mostly positive customer reviews, although Allstate scores better during the claims process.
How do I get around expensive insurance? ›
Contents:
- Try all cover types.
- Black box insurance without the black box.
- Clear your cache.
- Plan in advance.
- Don't set your mileage too low.
- Additional drivers.
- Use all the comparison sites.
- Use a credit card to pay for the whole year.
Liberty Mutual can be cheap because of its savings opportunities and overall market share. The company's safe driving program RightTrack can help policyholders save up to 30% on their premiums. Liberty Mutual also has many other discounts for military members, homeowners and good students.
What age is insurance cheapest? ›
At what age is car insurance the cheapest? If you keep a clean driving record, your insurance costs should continue to fall throughout your 30s, 40s, and 50s. But you won't benefit from the cheapest premiums until you're in your late 60s.
Is USAA only for military? ›
Is USAA Only for Military? Yes, USAA is only available to active and retired military members and their families. This includes active-duty, former military, cadets, widows, current or un-remarried spouses, and children.
Is Allstate cheaper than Geico? ›
Comparing Allstate vs. Geico, we found that Geico offers cheaper auto insurance on average. We gave Geico 9.1 out of 10.0 points in the cost category in our industry-wide insurance review, while Allstate earned 7.4 points.
Why is AAA insurance so expensive? ›
AAA is so expensive because car insurance is expensive in general, due to rising costs for insurers. But at $529 per year, the average AAA car insurance policy is actually cheaper than coverage from most competitors. In fact, AAA is one of the cheapest car insurance companies nationally.
Which form of private insurance is usually the least expensive? ›
An HSA-eligible health insurance plan has a higher deductible than other plan types but is usually the least expensive option for major medical insurance.
