Farmers vs. Travelers: Best Auto Insurance for 2021

When comparing Farmers vs. Travelers, Travelers auto insurance is the cheapest in most situations. Both Travelers and Farmers insurance have similar financial, customer satisfaction, and BBB ratings. Make sure to consider the discounts available when comparing Travelers vs. Farmers auto insurance rates.

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Chris Tepedino is a feature writer that has written extensively about auto insurance for numerous websites. He has a college degree in communication from the University of Tennessee and has experience reporting, researching investigative pieces, and crafting detailed, data-driven features. His works have been featured on CB Blog Nation, Flow Words, Healing Law, WIBW Kansas, and Cinncinati.com. ...

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Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health in...

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Reviewed by Rachael Brennan
Licensed Insurance Agent

UPDATED: Apr 29, 2021

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Can't-Miss Facts

  • Farmers auto insurance rates are more expensive on average than Travelers
  • Both companies have great financial ratings but average customer satisfaction ratings
  • Both Farmers and Travelers offer numerous discounts to lower rates

Since you have so many automobile insurance options, compare them head to head to narrow down your choices. We'll look at Farmers vs. Travelers auto insurance companies to see if either meets your needs.

To see if either is right for you, compare rates, discounts, financial ratings, and customer satisfaction.

Before you read on to compare Farmers vs. Travelers, see what you could save right now. Enter your ZIP code to receive free quotes from multiple companies near you.

Is Farmers auto insurance or Travelers auto insurance cheaper?

There are many different factors that are used to determine your auto insurance rates. Common factors used are your age, gender, marital status, driving record, and credit history.

All of these factors combine to determine how affordable Farmers vs. Travelers auto insurance is for you. However, rates will be different for every driver.

First, we will look at Farmers vs. Travelers auto insurance rates based on your age, gender, and marital status.

Farmers vs. Travelers Average Annual Rates Based on Age, Gender, and Marital Status
Age, Gender, and Marital StatusFarmers Average Annual RatesTravelers Average Annual Rates
Single 17-year-old female$8,666.24$7,586.79
Single 17-year-old male$9,202.06$11,904.09
Single 25-year-old female$2,672.81$2,059.71
Single 25-year old male$2,791.21$2,165.03
Married 35-year-old female$2,316.82$1,899.93
Married 35-year-old male$2,306.44$1,914.91
Married 60-year-old female$2,117.42$1,806.15
Married 60-year-old male$2,179.61$1,882.23
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Travelers insurance is cheaper for all demographics except 17-year-old males.

One of the most important factors looked at is your driving record. If you have accidents, tickets, or DUIs, your auto insurance rates will be much higher.

Farmers vs. Travelers Average Annual Rates Based on Driving Record
Driving RecordFarmers Average Annual RatesTravelers Average Annual Rates
Clean record$3,460.60$3,447.69
With 1 accident$4,518.73$4,289.74
With 1 DUI$4,718.75$5,741.40
With 1 speeding violation$4,079.01$4,260.80
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Farmers is less expensive if you have a speeding ticket or DUI. However, Travelers is cheaper if you have a clean driving record or one accident.

It might surprise you to learn that your credit history can affect your car insurance rates. Insurance companies believe if you have a better credit score, you will be less likely to file a claim and more willing to pay for damages yourself.

Farmers vs. Travelers Average Annual Rates Based on 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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Farmers insurance is cheaper than Travelers based on credit score.

It's also important to note that some states, such as California, don't allow auto insurance companies to use your credit score when calculating your rates.

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Does Farmers or Travelers have better auto insurance discounts?

Car insurance discounts are a great way to lower your rates. Most companies offer you discounts based on a variety of things, including how many cars you have, your occupation, and even your car’s safety features.

Travelers vs. Farmers auto insurance companies also offer discounts, as shown in this table. If the discount amount is known, it is added. See which company can offer you the most discounts.

Farmers vs. Travelers Auto Insurance Discounts
Auto Insurance DiscountsFarmers (%)Travelers (%)
Adaptive HeadlightsxN/A
Anti-lock Brakesxx
Anti-Theftxx
Claim Freex23
Continuous Coveragex15
Daytime Running Lightsxx
Defensive Driverx10
Distant Studentx7
Driver's Edx8
Driving Device/AppN/A30
Early Signingx10
Electronic Stability ControlxN/A
Family PlanxN/A
Farm VehiclexN/A
Federal EmployeexN/A
Full Paymentx7.5
Further EducationN/Ax
Garaging/Storingxx
Good Studentx8
Green Vehicle510
Homeownerx5
Low Mileagexx
Membership/GroupN/Ax
MilitaryxN/A
Multiple Policiesx13
Multiple Vehiclesx8
Newer Vehiclex10
Occupationxx
On-Time PaymentsN/A15
Paperless DocumentsxN/A
Paperless/Auto Billingx3
Passive Restraintxx
Safe Driverx23
Senior DriverxN/A
Switching ProviderxN/A
Utility VehiclexN/A
Vehicle Recoveryxx
VIN Etchingxx
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Although both companies offer a lot of the same discounts, there are some differences. For example, Farmers offers a senior driver discount and Travelers doesn't. On the other hand, Travelers offers a discount for on-time payments and Farmers does not.

When comparing Farmers vs. Travelers auto insurance quotes, take into account discounts you may be offered.

How do Farmers and Travelers compare for financial strength and customer satisfaction?

A.M. Best ranks companies based on financial stability. Farmers insurance received an A rating, meaning they have an excellent ability to meet their obligations. Travelers received an A+ rating showing they have a superior ability to meet their obligations.

Both Farmers and Travelers received A+ ratings from the Better Business Bureau, although Farmers is accredited and Travelers is not.

Both companies were also ranked by J.D. Power for customer satisfaction on factors like what is offered, billing, price, and claims. Farmers and Travelers both ranked about average.

The companies have other similarities as well. They each offer easy-to-use websites and mobile apps that allow customers access to their accounts. You can also get quotes and compare Farmers vs. Travelers home insurance as well as other services.

Both companies also offer additional services such as roadside assistance.

Read our Farmers auto insurance review and our Travelers insurance review for more information about the companies.

Deciding whether to buy Farmers vs. Travelers auto insurance can be a difficult decision. Weigh the pros and cons for both Farmers and Travelers to determine if either company is right for you.

Now that you’ve compared Farmers vs. Travelers auto insurance, enter your ZIP code to compare quotes from multiple companies near you.

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