Travelers vs. USAA: Best Auto Insurance for 2023
When you compare auto insurers like Travelers vs. USAA, it is best to analyze both company pricing and company ratings. USAA offers more affordable rates to men and women of various ages, and the USAA ranking is more favorable with A.M. Best. However, Travelers is more well-reviewed by the Better Business Bureau.
- USAA offers more affordable auto insurance rates than Travelers Insurance
- Travelers is more well-reviewed by the Better Business Bureau
- USAA is more well-reviewed by A.M. Best
The whole process of comparing auto insurance companies can prove itself to be one stressful experience. To reduce your stress, we’re going to be narrowing our focus to Travelers and USAA today.
We will be covering both company pricing as well as company ratings today in our Travelers vs. USAA Insurance review.
Before we dive into Travelers vs. USAA auto insurances, type your ZIP code into our free and helpful tool above to find affordable auto insurance quotes from companies in your area.
Travelers vs. USAA: Which company offers more affordable rates to men?
When you start comparing auto insurers, many people look at the cost of car insurance first.
The following table shows the rates offered to men of various ages by the largest auto insurance companies, including Travelers and USAA. These rates are for single 17 and 25-year-olds as well as married 35 and 60-year-old men.
|Company||Married 60-Year-Old Male Average Annual Rates||Married 35-Year-Old Male Average Annual Rates||Single 25-Year-Old Male Average Annual Rates||Single 17-Year-Old Male Average Annual Rates|
|State Farm Mutual Auto||$1,349.64||$1,529.96||$2,003.27||$5,604.41|
|Travelers Home & Marine Ins Co||$1,702.69||$1,701.83||$1,922.42||$27,457.38|
|Liberty Mutual Fire Ins Co||$3,781.20||$3,967.26||$5,397.88||$15,000.77|
As you can see, for single 17-year-old females, Travelers is over $7,500 more expensive per year than USAA. For single 25-year-old females, USAA becomes the more expensive company and it is by $800 per year.
For married 35-year-old females, USAA is exactly $400 more expensive per year than Travelers. Finally, for married 60-year-old females, USAA is over $200 more expensive per month than Travelers.
So, our USAA vs. Travelers Insurance review shows that while USAA offers more affordable rates to men, Travelers offers better rates to older drivers. But overall, since USAA offers more affordable auto insurance for teen drivers by such a significant margin, we have to give the win to USAA.
Let’s see if this holds true when we analyze the rates offered to women of various ages.
Travelers vs. USAA: Which company offers more affordable rates to women?
What we’re going to do now is similar to what we did in the last section. This time, though, we will be analyzing the rates offered to women of various ages by companies including Travelers and USAA.
|Company||Married 60-Year-Old Female Average Annual Rates||Married 35-Year-Old Female Average Annual Rates||Single 25-Year-Old Female Average Annual Rates||Single 17-Year-Old Female Average Annual Rates|
For single 17-year-old females, Travelers is over $7,700 more expensive than USAA annually. For single 25-year-old women, USAA is over $1,100 more expensive per year than Travelers.
For married 35-year-old women, Travelers is exactly $400 cheaper than USAA per year. Finally, for married 60-year-old women, USAA is over $200 more expensive per year than Travelers.
So, Travelers and USAA both won again. Though, again, with USAA’s considerable lead in the single 17-year-old category, we have to say they win over Travelers. Let’s see if USAA can sweep this thing by analyzing company ratings.
Free Auto Insurance Comparison
Enter your ZIP code below to compare auto insurance rates.
Secured with SHA-256 Encryption
Travelers vs. USAA: Which company is more well-reviewed?
Before we wrap up for the day, we must stress the importance of company ratings from organizations such as A.M. Best and the Better Business Bureau. A positive rating from one or both of these two rating organizations can give consumers confidence that an auto insurance company has and will continue to have financial strength.
The Better Business Bureau’s rating scale goes from the highest score of “A+” down to the lowest score of “F”. The Better Business Bureau gave USAA a score of “B”. Not to mention, USAA is not currently BBB accredited.
What score did the Better Business Bureau give Travelers? It turns out that Travelers also is not BBB accredited. With that being said, they have the highest possible rating of “A+”.
A.M. Best’s Financial Strength Rating (FSR) scale is slightly different in that it ranges from “A++” down to “D”. Not to mention, they actually have two different scales.
Travelers received the highest possible rating of “A++”. What is the USAA ranking? It turns out USAA also received the highest possible rating of “A++”.
A.M. Best also has what is called Long-Term Issuer Credit Ratings (Long-Term ICR). Whereas their Financial Strength Ratings are about an insurer’s financial strength as well as its ability to meet ongoing policy and contractual obligations, a Long-Term ICR is focused on the future. A Long-Term ICR can be issued on a long-term basis or short-term basis.
What ICR did Travelers receive? They received a score quite a few notches lower of “a+”. What was USAA’s ranking? They received the highest possible ICR of “aaa”.
So, in short, these two companies are pretty close. However, USAA has the leg up but is only available to military members and their families. Fortunately, there is a Travelers Insurance military discount.
Don’t let your auto insurance comparison stop with Travelers vs. USAA. Type your ZIP code into our free and helpful tool below to find affordable auto insurance rates in your area.