Travelers Insurance is one of the oldest and most established insurance providers in the United States, having issued its first policy in 1864. Today, it is ranked 6th out of 10 insurance companies, and is known for its wide variety of flexible coverage options and discounts. Travelers offers car and home insurance, but does not cover life insurance. Rates are below the industry average, but not the cheapest. However, customers can benefit from discounts for insuring multiple cars and combining policies. When considering an insurance provider, it is important to check their financial stability and customer satisfaction.
The National Association of Insurance Commissioners (NAIC) rates customer complaints using a complaint score where 1 is the average. Travelers has a score of 0.43, meaning that they receive fewer complaints than the average for both home and auto insurance. Better Business Bureau gives Travelers an A++ rating for long-term financial stability. Travelers offers a variety of discounts to help customers save money on their car insurance policy. Drivers can save up to 30% with Travelers's IntelliDrive app, but Musson warns that premiums can also go up if you don't drive as well as you think.
Other insurers guarantee that the policy rate will not go up with their pay-for-driving policies. Homeowners insurance covers the cost of repairing or replacing damage to a home or its contents during certain events, such as weather or theft. Travelers also offers green initiatives for environmentally conscious homeowners, such as the green home discount and green home coverage. These provide additional protection for the use of environmentally friendly materials in reconstruction after a covered incident. Renters insurance protects your furniture and personal belongings against losses such as fire, lightning, windstorms, hail, explosions, smoke and vandalism. Travelers from Illinois and Colorado offer rideshare insurance for people who drive for companies such as Uber or Lyft. Overall, Travelers is a good insurance company because it has financial stability, a strong credit rating of A++ from Better Business Bureau, an above average customer satisfaction score according to NAIC, and substantial discounts when combining home and car policies.
The best way to get an insurance quote is directly on the Travelers website or by contacting a Travelers Insurance agent through their customer service line or by calling an independent insurance broker.