Geico vs. Travelers Auto Insurance [2024]
In the dynamic landscape of auto insurance, the comparison between Geico and Travelers takes center stage, with each major player offering a spectrum of policies ranging from auto to homeowners and beyond.
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Daniel Walker
Licensed Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Insurance Agent
UPDATED: Feb 27, 2024
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Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Feb 27, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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Delving into the intricacies of auto insurance rates, our analysis pits industry giants Geico and Travelers against each other, unveiling compelling insights into how key factors shape premium costs. For the driver with a spotless record, Geico takes the lead with a monthly rate of $80, compared to Travelers’ $99. However, as we navigate the complexities of tickets, accidents, DUIs, and poor credit, a nuanced picture emerges. Join us as we navigate the labyrinth of discounts, where Travelers shines with enticing offers, such as a 23% discount for anti-theft measures.
| Factor | Geico | Travelers |
|---|---|---|
| Clean Record | $80 | $99 |
| 1+ Ticket | $106 | $134 |
| 1+ Accident | $132 | $139 |
| DUI | $216 | $206 |
| Poor Credit | $138 | $170 |
*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver
| Discount | Geico | Travelers |
|---|---|---|
| Anti Theft | 15% | 23% |
| Good Student | 12% | 10% |
| Low Mileage | 23% | 5% |
| Paperless | 8% | 3% |
| Safe Driver | 10% | 15% |
| Senior Driver | 22% | 8% |
Geico
Pros:
- Lower Monthly Rates: Geico generally offers more affordable premiums compared to Travelers.
- Strong Financial Ratings: Geico has high financial ratings, indicating stability and reliability.
- Mobile App Features: Geico’s mobile app provides convenient policy management and claims filing.
Cons:
- Fewer Coverage Options: Compared to Travelers, Geico may offer fewer coverage choices.
- Higher Complaints: Geico has received more complaints to the BBB than Travelers, although the NAIC complaint index suggests an average number.
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Travelers
Pros:
- Comprehensive Coverage Options: Travelers offers a wide array of coverage choices, including roadside assistance and additional perks.
- Fewer Complaints: Travelers receive fewer complaints according to the BBB and have a lower NAIC complaint index.
- Robust Roadside Assistance: Travelers provides multiple roadside assistance options, including premium services like trip interruption coverage.
Cons:
- Higher Rates: Travelers generally have higher monthly premiums compared to Geico, especially for younger drivers.
- Slightly Lower Financial Ratings: Though still high, Travelers’ financial ratings are marginally lower than Geico’s according to Moody’s and S&P.
- Digital Features: Travelers’ mobile apps and online services may offer fewer features compared to Geico’s digital offerings.
Read more: Travelers Property Casualty Company of America Review
What kind of Auto Insurance Rates can you Expect With Geico and Travelers?
Comparing affordable Geico vs. Travelers auto insurance rates is a common way of deciding between the two companies. The following chart shows the average monthly rates for Geico and Travelers auto insurance based on age. Generally speaking, you’ll find that Geico offers cheaper rates.
GEICO vs. Travelers Auto Insurance: Average Monthly Rates by Age
| Age | Geico Average Monthly Rates | Travelers Average Monthly Rates |
|---|---|---|
| 20 | $117 | $133 |
| 30 | $97 | $130 |
| 40 | $93 | $100 |
| 50 | $87 | $94 |
| 60 | $88 | $93 |
As you can see, Geico has lower insurance premiums than Travelers for drivers of all ages, though the difference shrinks as drivers get older.
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What Auto Insurance Coverage Options do Travelers and Geico offer?
When comparing Geico vs. Travelers auto insurance quotes, the cost will often depend on the coverage chosen. There are multiple coverages available from both companies, but you will pay more for each type of coverage you add to your policy.
Coverages offered by Geico include:
- Accident forgiveness
- Comprehensive coverage
- Collision insurance
- Mechanical breakdown insurance
- Liability coverage
- Uninsured/underinsured coverage
- Roadside assistance benefits for dead battery, lockout service, and more
- Umbrella policy
- Rental car coverage
Insurance from Travelers can include:
- Accident forgiveness
- Comprehensive coverage
- Collision insurance
- Mechanical breakdown insurance
- Liability coverage
- Uninsured/underinsured coverage
- Roadside assistance benefits for dead battery, lockout service, and more
- Umbrella policy
- Gap coverage
- New car replacement coverage
- Rental reimbursement
- Ridesharing coverage
- Small claim forgiveness
- Umbrella policy
- Identity theft insurance
Geico and Travelers also offer other types of vehicular coverage, such as boat, RV, and motorcycle insurance.
Read more: Geico DriveEasy Review
What Discounts do Geico and Travelers Offer?
Many auto insurance companies offer discounts to reduce risk. Comparing Geico vs. Travelers auto insurance company discounts will help you determine how much you can save on your Travelers or Geico quote.
The discounts offered by Geico auto insurance include:
- Good student
- Multiple policies
- Multiple vehicles
- Anti-theft device
- Anti-lock brake system
- Airbags
- Good driver
- Military
Discounts offered by Travelers auto insurance include:
- Good student
- Multiple policies
- Multiple vehicles
- Good driver
- Student away at school
- Driver training
- Green vehicle
- Pay in full
While the two companies offer similar discounts, there are some differences. Looking through these deals will help you find the company that best fits your lifestyle and driving habits.
What Kind of Financial Ratings can you Expect From Geico and Travelers?
Credit rating agencies examine and rate the financial stability of insurance companies. These ratings determine the likelihood that the company will provide a payout when you file Travelers or Geico claims.
Geico has been rated an A++ by A.M. Best, an Aa1 by Moody’s, and an AA+ by S&P. These ratings are among the highest in the industry. They demonstrate that Geico can provide a payout, even during difficult economic conditions.
Travelers has been rated an A++ by A.M. Best, an Aa2 by Moody’s, and an AA by S&P. You’ll notice the two companies are rated the same by A.M. Best, but Moody’s and S&P suggest that Travelers might find it more challenging to provide a payout.
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Geico vs. Travelers Auto Insurance: Do They Have any Complaints?
The Better Business Bureau (BBB) and the National Association of Insurance Commissioners (NAIC) allow customers to list complaints about insurance companies. Comparing Geico vs. Travelers auto insurance complaints will help you determine the quality of service you can expect.
At the time of this comparison, the BBB has received 2,808 complaints about Geico over the past three years. The insurance company’s NAIC complaint index rating is 1.70. These numbers show that Geico has more than the average number of complaints for a company of its size.
The BBB has received 418 complaints about the Travelers insurance company over the past three years. According to the NAIC, the company’s complaint index is 0.90. That shows that Travelers has fewer complaints than other companies of a similar size.
While Geico receives more complaints than Travelers, looking over the specific grievances will help you determine if this is a cause for concern.
Geico vs. Travelers Auto Insurance: Do they Offer Roadside Assistance?
For some customers, quality roadside assistance is essential when choosing an auto insurance company. Geico and Travelers both offer roadside assistance coverage to customers, but the specifics are a little different.
Geico offers roadside assistance as an add-on for $14 per year. Customers who select this optional coverage will have access to the following:
- Car battery jump
- Flat tire replacement
- Locksmith service
- Towing
- Fuel delivery
Travelers offer two different levels of roadside assistance. The basic level of roadside assistance includes:
- Towing up to 15 miles
- Battery service
- Fuel delivery
- Tire change
- Locksmith service
The premium option includes everything offered by the basic roadside assistance plan as well as trip interruption reimbursement of up to $200 a day for a rental car.
Geico vs. Travelers Auto Insurance: How can you Make Payments?
Geico and Travelers offer multiple payment options for policyholders. While the options are similar, each company provides a form the other lacks.
Payment methods offered by both Geico and Travelers include:
- Automatic online payment
- Credit card
- Debit card
- Electronic check
- Mail payment
Additionally, Geico allows customers to sign up for multi-payment installment plans and Travelers enables customers to choose direct deposit.
If you’d prefer to pay your bill over the phone, you can call Geico at (800) 932-8872. You can call the Travelers insurance phone number at (800) 252-2268.
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Geico vs. Travelers Auto Insurance: Do they have mobile apps?
When deciding whether to buy Geico vs. Travelers auto insurance, documentation accessibility is a common concern. Fortunately, both companies have apps that are available on any mobile device.
The Geico and Travelers mobile apps allow policyholders to access their identification cards, make payments, and view policy documents from almost anywhere.
While you can use your Travelers or Geico login to access your ID card through the app, you should also have a physical card in case you need proof of insurance but lack internet access.
Geico vs. Travelers Auto Insurance: Streamlined Claims Process Comparison
Ease of Filing a Claim
When it comes to the claims process, both GEICO and Travelers offer convenience to their customers. You can file a claim with both companies through various channels, including online, over the phone, and through mobile apps. This flexibility ensures that you can choose the method that suits you best.
Average Claim Processing Time
One of the critical aspects of the claims process is the speed at which your claims are processed. While specific processing times can vary based on the nature of your claim and individual circumstances, both GEICO and Travelers aim to provide efficient and timely claims processing.
It’s recommended to contact your respective insurance agent or check with the company directly for more precise information on claim processing times.
Customer Feedback on Claim Resolutions and Payouts
Customer feedback plays a crucial role in evaluating an insurance company’s performance in handling claims. Both GEICO and Travelers have garnered feedback from policyholders over the years. It’s essential to review customer reviews and ratings to get a sense of how satisfied policyholders are with the resolution and payout processes of these insurers.
Keep in mind that individual experiences may vary, so it’s valuable to consider a range of opinions before making your decision.
Geico vs. Travelers Auto Insurance: Digital and Technological Features Unveiled
Mobile App Features and Functionality
In today’s digital age, insurance companies often provide mobile apps to enhance customer experience. Both GEICO and Travelers offer mobile apps that come with various features and functionalities. These apps typically allow policyholders to access their policy information, make payments, view ID cards, and even file claims conveniently from their mobile devices.
When comparing the two, consider the specific features and user-friendliness of each company’s mobile app to determine which one aligns better with your needs.
Online Account Management Capabilities
Effective online account management is another essential aspect of modern insurance. Both GEICO and Travelers offer online account management capabilities, enabling policyholders to access their accounts, review policy details, update information, and more through their respective websites.
Evaluate the user interface and the range of online services provided by each insurer to determine which one offers the level of convenience you desire.
Digital Tools and Resources
Apart from mobile apps and online account management, insurers often offer digital tools and resources to assist policyholders in making informed decisions. These tools can include calculators, educational resources, and coverage guides.
Assess the availability and usefulness of these digital resources when comparing GEICO and Travelers to see which company provides the tools that align with your insurance needs and preferences.
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Geico vs. Travelers Auto Insurance: The Bottom Line
Deciding between Geico and Travelers auto insurance is a matter of personal preference. Geico is best if you’re looking for low rates, but Travelers is best if you’re looking for enhanced roadside assistance. Comparing Travelers vs. Geico auto insurance quotes will help you find the best option for you.
Read more: Travelers Auto Insurance Review
Frequently Asked Questions
Which company offers lower auto insurance rates, Geico or Travelers?
Geico generally offers lower monthly rates compared to Travelers for drivers of all ages.
What coverage options are available from Geico and Travelers?
Both Geico and Travelers offer a range of coverage options, including liability, collision, comprehensive, and more.
What discounts are available from Geico and Travelers?
Both Geico and Travelers offer various discounts, such as good driver, multi-policy, and good student discounts.
How do Geico and Travelers compare in terms of financial ratings?
Geico and Travelers have high financial ratings, indicating strong financial stability and the ability to provide payouts.
Are there any notable complaint differences between Geico and Travelers?
Geico has received more complaints than Travelers, but reviewing specific grievances will help determine their significance.
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Daniel Walker
Licensed Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.