GEICO vs. Travelers: Best Auto Insurance for 2021
When it comes to GEICO vs. Travelers, GEICO auto insurance is cheaper in most categories. Both GEICO and Travelers received a superior rating for financial stability; however, Travelers Insurance ranks below average for customer satisfaction. Use the many discounts available to see if GEICO vs. Travelers auto insurance is cheaper for you.
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UPDATED: Jun 23, 2021
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- GEICO is cheaper no matter your driving record or credit history.
- Travelers is cheaper for drivers 25 and older.
- Both companies have superior financial ratings.
When it comes to automobile insurance, you have a lot of options, and comparing companies head to head can help narrow down your choices. We’ll look at a matchup between GEICO vs. Travelers auto insurance companies to see which one meets your needs the best.
Compare rates, discounts, financial ratings, and customer satisfaction to determine if either is right for you.
But why stop with GEICO vs. Travelers? Enter your ZIP code to receive free quotes from multiple auto insurance companies near you.
Is GEICO auto insurance or Travelers auto insurance cheaper?
You might be surprised to learn exactly what factors determine auto insurance rates. Car insurance companies look at everything from where you live to your age, driving record, and credit history to determine your rates.
These factors can make the difference in determining how affordable GEICO vs. Travelers auto insurance is for you.
Let’s take a look at GEICO vs. Travelers auto insurance rates using some of those factors to see who can offer you the best deal. This table shows you the average annual auto insurance rates for both companies based on demographics.
|Age, Gender, and Marital Status||GEICO Average Annual Rates||Travelers Average Annual Rates|
|Single 17-year-old female||$5,405.23||$7,586.79|
|Single 17-year-old male||$5,955.63||$11,904.09|
|Single 25-year-old female||$2,312.93||$2,059.71|
|Single 25-year old male||$2,171.06||$2,165.03|
|Married 35-year-old female||$2,253.30||$1,899.93|
|Married 35-year-old male||$2,237.96||$1,914.91|
|Married 60-year-old female||$2,107.40||$1,806.15|
|Married 60-year-old male||$2,188.44||$1,882.23|
If you’re a young driver, GEICO auto insurance is cheaper. However, Travelers is less expensive for all other age groups.
Another important factor that auto insurance companies use to calculate your rates is your driving record. If you have accidents, tickets, or DUIs, you will spend a lot more on your insurance than if you have a clean driving record.
|Driving Record||GEICO Average Annual Rates||Travelers Average Annual Rates|
|With 1 accident||$3,192.77||$4,289.74|
|With 1 DUI||$4,875.87||$5,741.40|
|With 1 speeding violation||$2,645.43||$4,260.80|
GEICO is cheaper no matter what your driving record looks like.
You might be surprised to learn your credit score affects your auto insurance rates as well. Insurance companies believe that if you have a higher credit score, you are less likely to file a claim and more willing to pay out of pocket for damages.
|Credit History||GEICO Average Annual Rates||Travelers Average Annual Rates|
Once again, GEICO is cheaper regardless of your credit score.
There are a few states, like California and Michigan, that don’t allow auto insurance companies to look at your credit score to determine your rates. Make sure to check your local auto insurance laws.
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Does GEICO 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.
This table shows you the discounts that are offered by GEICO and Travelers Insurance. If the amount of the discount is known, it is included. See which company can offer you the most discounts.
|Auto Insurance Discounts||GEICO (%)||Travelers (%)|
|Daytime Running Lights||1||x|
|Seat Belt Use||15||N/A|
|Students & Alumni||x||N/A|
The two companies offer most of the same discounts, although there are some differences. For example, GEICO offers a military discount and Travelers doesn’t. On the other hand, Travelers offers an auto-billing discount and GEICO does not.
Be sure to ask for any available discounts as you compare GEICO vs. Travelers auto insurance quotes.
How do GEICO and Travelers compare in financial strength and customer satisfaction?
A.M. Best ranks companies based on financial stability. GEICO received an A++ rating and Travelers received an A+ rating, showing they both have a superior ability to meet financial obligations.
Both GEICO and Travelers received A+ ratings with the Better Business Bureau, but GEICO 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. GEICO ranked above average, but Travelers’ insurance reviews were below average.
The companies are similar in other ways too. Both offer easy-to-use websites and mobile apps, and each offers additional services and products like roadside assistance.
Choosing to buy GEICO vs. Travelers auto insurance can be a difficult decision. Weigh the Travelers vs. GEICO pros and cons we’ve gone over in this article to determine if either company is right for you.
Now that you’ve compared GEICO vs. Travelers auto insurance, enter your ZIP code to compare quotes from multiple companies near you.