GEICO vs. Travelers: Which Car Insurance Is Cheaper?
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UPDATED: May 27, 2021
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- You can save over 85% on car insurance for your teen driver by choosing GEICO over Travelers
- If you have a bad driving record, GEICO is a better choice than Travelers
- GEICO has heftier discounts, but Travelers has a wider variety
In our GEICO vs. Travelers car insurance guide, we examine rates based on your particular characteristics: age, gender, marital status, driving record, and credit score.
Which company will provide the best and cheapest car insurance for you?
We also compare discounts and ratings from credible agencies that have rated GEICO vs. Travelers car insurance companies.
Keep reading to compare affordable GEICO vs. Travelers car insurance quotes, or enter your ZIP code to compare multiple companies in your area.
Is GEICO car insurance or Travelers car insurance cheaper based on age?
Generally speaking, the older we get, the more driving experience we have. This is why car insurance companies use age as one of the most influential factors in determining your car insurance rates.
It’s legal to base car insurance rates on marital status and gender in most states; however, some have banned this practice. Let’s compare GEICO vs. Travelers car insurance rates based on age, gender, and marital status.
|Age, Gender, and Marital Status||GEICO Average Annual Rates||Travelers Average Annual Rates|
|Single 17-year-old female||$5,654||$9,307|
|Single 17-year-old male||$6,279||$12,851|
|Single 25-year-old female||$2,379||$2,325|
|Single 25-year-old male||$2,263||$2,491|
|Married 35-year-old female||$2,303||$2,179|
|Married 35-year-old male||$2,312||$2,200|
|Married 60-year-old female||$2,247||$2,052|
|Married 60-year-old male||$2,283||$2,074|
GEICO has some of the best car insurance rates for teens. In contrast, you will pay 85% more with Travelers if you have a young driver in your household.
When it comes to car insurance for those 25 and older, Travelers is about 3% cheaper than GEICO, which is a much less significant difference.
Is GEICO car insurance or Travelers car insurance cheaper based on driving record?
Speeding tickets, accidents, or DUIs on your driving record will raise your car insurance rates no matter what company you pick because these infractions make you look like a high-risk driver.
|Infraction||GEICO Average Annual Rates||Travelers Average Annual Rates|
|With one speeding violation||$2,645||$4,261|
|With one accident||$3,193||$4,290|
|With one DUI||$4,876||$5,741|
If you have a clean driving record, expect to pay about $1,300 more with Travelers than you would with GEICO.
It’s also important to take a closer look at how punitive each company is if you sign up with a clean driving record but then later get an infraction.
GEICO has steeper penalties if you get a speeding ticket, cause an accident, or get a DUI. Your rates with GEICO will more than double if you get caught driving under the influence.
Travelers is slightly more lenient, only increasing customers’ rates by 67% for a DUI infraction.
Is GEICO car insurance or Travelers car insurance cheaper based on credit score?
A good credit score can drop in a matter of months if you experience some type of financial trauma, such as incurring medical debt or going through a divorce.
In most states it is legal for car insurance companies to base rates on your credit score; however, some are banning this practice along with basing rates on gender and marital status.
Car insurance companies justify using your credit score to determine your rates based on the assumption that those with higher credit scores are more responsible and more likely to pay for damages out of pocket rather than filing a claim.
Let’s take a look at how GEICO and Travelers set rates for drivers based on credit score.
|Credit Score||GEICO Average Annual Rates||Travelers Average Annual Rates|
|Good Credit (670-739)||$2,435||$4,059|
|Fair Credit Score (580-669)||$2,987||$4,344|
|Poor Credit Score (300-579)||$4,260||$5,160|
No matter what your credit score is, your rates will be cheaper with GEICO than with Travelers.
Once you are with GEICO and your credit score drops, however, expect your car insurance rates to increase by 75%, whereas Travelers will increase your rates by only 27%.
You may live in a state, such as California, where basing car insurance on credit scores is illegal. Check out our car insurance by state page before judging GEICO vs. Travelers auto insurance rates based on credit score alone.
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Does GEICO or Travelers have better car insurance discounts?
Auto insurance company discounts vary widely. That’s why it pays to shop around, especially if you have a bad driving record or low credit score. Discounts can help offset high rates.
|Discounts||Geico Discount Percentage||Travelers Discount Percentage|
|Daytime Running Lights||1||n/a|
|On Time Payments||n/a||15|
|Seat Belt Use||15||n/a|
When comparing discounts offered by either company, GEICO has a total of 12 car insurance discounts and Travelers has a total of 17 discounts.
GEICO offers excellent discounts, with the highest ranging from 25%-40% for being claim-free, having multiple vehicles on your policy, and having airbags, anti-theft equipment, or a vehicle recovery system.
Travelers offers a claim-free discount of 23%. Other great discounts ranging from 15%-30% are available for making on-time payments, having continuous coverage, being a safe driver, and using the Travelers driving app.
The discounts offered by car insurance companies often target specific types of drivers, so when you get your Travelers and GEICO auto insurance quotes, be sure to ask if there are any additional discounts.
You can also call the GEICO insurance phone number or Travelers insurance phone number to find out more ways to save with discounts.
What types of car insurance coverages are offered by GEICO and Travelers?
Since GEICO and Travelers are two of the 10 companies that make up most of the car insurance market share, they have the means to offer a wider variety of car insurance coverages beyond the standard six coverages listed below.
Be sure you understand the various car insurance coverage types before purchasing each one:
- Liability car insurance coverage (bodily injury and property damage)
- Comprehensive car insurance coverage
- Collision car insurance coverage
- Uninsured/underinsured car insurance coverage
- Medical payments (MedPay) car insurance coverage (particularly important in states that require no-fault car insurance)
- Personal injury protection (PIP) car insurance coverage
Be sure to take a closer look at any specialty coverages you might need, such as rental reimbursement, roadside assistance, guaranteed auto protection (GAP), mechanical breakdown, and recreational vehicles such as ATVs or boats.
Does GEICO or Travelers have better mobile apps?
Usage-based car insurance has become an industry trend in the last decade or so, and all of the bigger car insurance companies have an app for your phone or a device you can install in your vehicle that will evaluate your driving for a discount.
Large car insurance companies also provide a more general app to enable you to view your policy, make changes, and pay your bill.
Usually, your GEICO login or Travelers insurance login will work with both the general app and the driving app.
Both companies offer mobile apps and websites where you can use your Travelers or GEICO login to view your ID cards and coverage information, pay your bill, and access GEICO or Travelers roadside assistance.
How does GEICO and Travelers car insurance compare in financial strength and customer satisfaction?
Buying car insurance is a big financial responsibility, so you want to make sure you’re choosing the right company that will be there for you when you need it.
A company’s financial strength, customer satisfaction with the claims process, and customer complaints should be examined before you make your decision.
The following three agencies provide insight into these factors:
A.M. Best scores companies based on their ability to meet their ongoing insurance obligations, such as balancing premiums collected and claims paid. The highest score A.M. Best awards is Superior A++.
Consumer Reports collects annual data from its subscribers regarding customer satisfaction with the GEICO claims process and the Travelers claims process, step by step.
In its 2017 survey, 27 insurance companies were rated, and scores ranged from 86 to 96.
The National Association of Insurance Commissioners (NAIC) calculates a complaint ratio based on the total number of customers vs. the total number of complaints.
In 2017, the national average complaint ratio was one. The lower the ratio, the better.
Before you decide to buy GEICO vs. Travelers car insurance, take a look at external ratings for GEICO and Travelers.
|AM Best Rating||A++||N/A|
|NAIC Company Complaint Ratio||0.68||0.09|
|NAIC Total Complaints||333||2|
Both GEICO and Travelers are highly rated when it comes to customer satisfaction with the claims process. Both Travelers and GEICO also have strong ratings for customer service.
GEICO has a higher customer complaint ratio but holds an A++ from A.M. Best for financial stability.
Now that you’ve compared GEICO vs. Travelers car insurance, enter your ZIP code to see quotes from multiple car insurance companies in your area.
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