Geico vs. Travelers: Which Offers More Affordable Auto Insurance Quotes (2024)
We look at rates for both companies based on age, driving record, and credit score. GEICO has cheaper rates for teen drivers, but Travelers has a wider variety of car insurance discounts.
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Jimmy McMillan
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Jimmy McMillan is an entrepreneur and the founder of HeartLifeInsurance.com, an independent insurance brokerage. His company specializes in insurance for people with heart problems. He knows personally how difficult it is to secure health and life insurance after a heart attack. Jimmy is a licensed insurance agent from coast to coast who has been featured on ValientCEO and the podcast Modern Li...
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UPDATED: Jul 9, 2024
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- You can save over 85 percent on auto 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 auto insurance guide, we examine rates by your particular characteristics: age, gender, marital status, driving record, and credit score. We also compare discounts and ratings from credible agencies that rate all the best auto insurance companies.
Keep reading to compare Geico insurance and Travelers insurance, or enter your ZIP code to find affordable auto insurance rates in your area.
Is Geico auto insurance or Travelers auto insurance cheaper based on age?
As we age, our driving experience naturally increases. Age serves as a significant factor for car insurance companies when calculating auto insurance rates. Specifically, this influences how Geico car insurance rates are set in Utah. Customers often compare rates with Geico, and there have been complaints regarding Geico DriveEasy.
It’s legal to base car insurance rates on marital status and gender in most states; however, some have outlawed it. Let’s compare Geico and Travelers auto insurance rates based on age, gender, and marital status.
Geico vs Travelers Average Annual Auto Insurance Rates by 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 offers competitive auto insurance rates for teenage drivers, whereas Travelers charges significantly higher premiums—up to an 85 percent increase—for households with young drivers. This discrepancy underscores the importance of comparing Travelers car insurance ratings and considering the Geico and Travelers login options for the best insurance choices.
For drivers aged 25 and older, Travelers offers car insurance quotes about 3 percent lower than Geico’s rates, resulting in similar overall costs.
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Is Geico auto insurance or Travelers auto insurance cheaper based on driving record?
Speeding tickets, accidents, or DUIs on your driving record will raise your auto insurance rates no matter what company you pick, because you become a high-risk driver.
Geico vs Travelers Average Annual Auto Insurance Rates by Driving Record| Infraction | Geico Average Annual Rates | Travelers Average Annual Rates |
|---|---|---|
| Clean record | $2,146 | $3,448 |
| 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 crucial to assess how severe the penalties are with each insurer if you start with a clean driving record but later receive a traffic violation. This scrutiny should extend to examining aspects like the Travelers insurance BBB rating, the dynamics of the Travelers and Geico insurance agencies relationship, and customer reviews of Travelers car insurance
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 a DUI.
By choosing Travelers, you may pay more for having good credit, but they aren’t as harsh. Travelers increase their customers’ rates by 67 percent if the driver gets a DUI.
Readmore: Travelers IntelliDrive Review: Can you get affordable auto insurance?
Is Geico auto insurance or Travelers auto 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 medical debt or going through a divorce. (read our, “How does a divorce affect auto insurance?” for more information).
In most states, it is legal for auto insurance companies to base rates on your credit score; however, some are outlawing this along with basing rates on gender and marital status.
Based on the assumption that those with higher credit scores are more responsible and, overall, safer drivers are less likely to file a claim, auto insurance companies justify using your credit score to determine your rates.
Let’s take a look at how Geico and Travelers address rates for drivers with low credit scores.
Geico vs Travelers Average Annual Auto Insurance Rates by Credit History| 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, expect your auto insurance rates to increase by 75 percent as compared to Travelers, which will increase your rates by only 27 percent. Read our Travelers auto insurance review to compare rates..
Before you judge these two companies’ rates based on credit score alone, read about your state auto insurance requirements and examine rates from a variety of companies.
Hopefully, if you have bad credit, you live in a state that has outlawed this practice.
Does Geico or Travelers have better auto insurance discounts?
Auto insurance company discounts vary widely, and they are usually based on a company’s values and philosophy. 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.
Geico vs Travelers Auto Insurance Discounts| Discounts | Geico Discount Percentage | Travelers Discount Percentage |
|---|---|---|
| Anti-lock Brakes | 5 | n/a |
| Anti-Theft | 25 | n/a |
| Claim Free | 26 | 23 |
| Continuous Coverage | n/a | 15 |
| Daytime Running Lights | 1 | n/a |
| Defensive Driver | n/a | 10 |
| Distant Student | n/a | 7 |
| Driver's Ed | n/a | 8 |
| Driving Device/App | n/a | 30 |
| Early Signing | n/a | 10 |
| Emergency Deployment | 25 | n/a |
| Federal Employee | 8 | n/a |
| Full Payment | n/a | 7.5 |
| Good Student | 15 | 8 |
| Green Vehicle | n/a | 10 |
| Homeowner | n/a | 5 |
| Military | 15 | n/a |
| Multiple Policies | 10 | 13 |
| Multiple Vehicles | 25 | 8 |
| Newer Vehicle | n/a | 10 |
| On Time Payments | n/a | 15 |
| Paperless/Auto Billing | n/a | 3 |
| Passive Restraint | 40 | n/a |
| Safe Driver | 15 | 23 |
| Seat Belt Use | 15 | n/a |
| Vehicle Recovery | 25 | n/a |
When comparing discounts offered by either company, Geico has a total of 12 auto insurance discounts and Travelers has a total of 17 discounts.
Geico offers excellent discounts. The highest discounts range between 25 and 40 percent for being claim-free, having multiple vehicles on your policy, as well as having air bags, anti-theft equipment, and a vehicle recovery system.
Travelers offers a claim-free discount of 23 percent. Other great discounts ranging from 15 percent to 30 percent are for making on-time payments, having continuous coverage, being a safe driver, and using the Travelers driving app.
The discounts offered by auto insurance companies often target specific types of drivers, so, when you get your Travelers and Geico quotes, be sure to ask if there are any additional discounts.
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What types of auto insurance coverages are offered by Geico and Travelers?
Since both Geico and Travelers are two of the 10 companies that make up most of the market share, they have the means to offer a wider variety of auto insurance coverages that go beyond the standard six coverages which are listed below.
Be sure you understand the various auto insurance coverage types before purchasing each one:
- Liability auto insurance coverage – bodily injury and property damage
- Comprehensive auto insurance coverage
- Collision auto insurance coverage
- Uninsured/Underinsured auto insurance coverage
- Medical Payments (MedPay) auto insurance coverage – particularly important in states that require no-fault auto insurance
- Personal Injury Protection (PIP) auto insurance coverage
Be sure to take a closer look at any specialty coverages 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 auto insurance has become an individualized trend in the last decade or so, and all the bigger auto insurance companies have a driving app that uses your mobile phone or a device installed in your auto.
Large auto 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.
Read our Geico DriveEasy review and compare it to our Travelers’ IntelliDrive review to decide if usage-based auto insurance is right for you.
How does Geico and Travelers auto insurance compare in financial strength and customer satisfaction?
Buying auto insurance is a big financial responsibility, so you want to make sure you are choosing the right company that will be there for you when you need it.
Before making your decision, it’s essential to evaluate a company’s financial stability, how satisfied customers are with their claims handling, and any feedback or complaints they receive.
Also, don’t forget to consider aspects like finding a Travelers insurance agent nearby, reviewing Geico and Travelers insurance customer service, and obtaining a Travelers insurance quote.
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 of the Geico claims process and the Travelers claims process, step by step. In their 2017 survey, 27 insurance companies were rated, and scores ranged between 86 and 96.
And the National Association of Insurance Commissioners (NAIC) calculates a complaint ratio based on the total number of customers against the total number of complaints. In 2017, the national average complaint ratio was 1. The lower the ratio, the better.
Let’s take a closer look at external ratings for Geico and Travelers.
Geico vs Travelers Company Ratings| Rating Agency | Geico | Travelers |
|---|---|---|
| AM Best Rating | A++ | N/A |
| Consumer Reports | 89 | 90 |
| NAIC Company Complaint Ratio | 0.68 | 0.09 |
| NAIC Total Complaints | 333 | 2 |
Both Geico and Travelers receive high ratings for their customer satisfaction during the claims process. The customer service provided by both Geico and Travelers is robust and reliable. For a Geico.com quote, their customer service is known to be efficient and helpful throughout the insurance claims experience.
Geico maintains an A++ rating from AM Best despite having a higher ratio of customer complaints. When seeking Geico auto insurance quotes in Florida, it’s essential to consider their strong financial standing alongside customer feedback.
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Geico vs Travelers: The Bottom Line
We’ve put together a comparison of our Travelers vs Geico car insurance guides to help you decide which company is best for you. We looked at rates based on age, driving history, and credit score. Geico has cheaper car insurance rates for teens, but Travelers has more car insurance discounts.
Ready to buy auto insurance? When you’re unsure which company to choose, you can always use our FREE comparison tool to compare auto insurance quotes from the auto insurance companies in your area.
Frequently Asked Questions
Who is cheaper than Geico?
The price of auto insurance can fluctuate based on factors like location, age, driving record, and credit score. Nonetheless, competitors such as Progressive, State Farm, and USAA may provide more affordable premiums compared to Geico for specific customers seeking auto insurance cheaper than Geico. For those obtaining a learner’s permit with Geico or seeking car insurance quotes from Geico, exploring alternatives like Progressive, State Farm, or USAA might offer more cost-effective options.
Who is cheaper than Travelers insurance?
Like Geico, the cost-effectiveness of auto insurance from Travelers hinges on individual factors. Geico, Progressive, and Nationwide are frequently noted for providing competitive rates that could potentially be more economical for certain customers seeking auto insurance quotes from Travelers. When comparing Geico and Travelers insurance nearby, personal circumstances heavily influence affordability.
Why is Geico so cheap?
Geico is recognized for its streamlined processes, strong emphasis on online sales, and extensive advertising efforts, all contributing to maintaining low overhead costs. This operational efficiency enables Geico to provide competitive rates to customers, including free insurance quotes from Geico. As for the relationship between Geico and Travelers, it remains separate, with Geico offering its distinct auto insurance services accessible through Geico auto insurance login.
Does Geico own Travelers?
No, Geico does not possess Travelers. Geico operates as a fully owned subsidiary of Berkshire Hathaway, whereas Travelers functions as an independent company. For those seeking a Geico car insurance quote or concerned about Travelers insurance scam alerts, it’s important to note these distinctions in ownership and independence.
Does credit score affect car insurance with Geico?
Geico, similar to many other auto insurance providers, factors in credit scores when calculating Geico auto insurance rates. Higher credit scores generally result in lower premiums, whereas lower credit scores may lead to higher rates for your Geico car insurance quote number.
Why is Travelers insurance so cheap?
Travelers offers competitive rates due to its wide range of discounts, efficient claims processing, and tailored insurance products. They may provide affordable options based on a customer’s specific circumstances and needs.
Is Travelers insurance part of Geico?
No, Travelers is not part of Geico. They are separate companies with their own distinct operations and insurance offerings.
Is Tesla insurance cheaper than Geico?
Tesla insurance can sometimes be cheaper for Tesla owners because it is specifically designed for their vehicles and includes comprehensive coverage options. However, this can vary based on individual factors and should be compared directly with Geico’s offerings.
Is The General cheaper than Geico?
The General often targets high-risk drivers, which can result in higher premiums compared to Geico. However, for some drivers, The General may offer competitive rates. Comparing quotes directly is the best way to determine which is cheaper for you.
Is Travelers car insurance good?
Yes, Travelers car insurance is generally well-regarded for its comprehensive coverage options, customer service, and financial strength. It offers a variety of discounts and has good customer satisfaction ratings.
How much is Geico car insurance for a 17-year-old?
Getting car insurance for a 17-year-old through Geico can be costly because of the increased risk linked to youthful drivers. Prices fluctuate significantly depending on location, driving history, and other variables, potentially ranging from several thousand dollars annually.
How much will a speeding ticket raise my insurance with Geico?
Getting a speeding ticket could raise your Geico insurance rates significantly, typically by 15-30%, depending on how serious the violation was and your past driving record. Having multiple infractions could result in even greater rate hikes. Additionally, factors like eligibility for the Geico DriveEasy discount or a multi-line discount with Geico may influence the final premium increase.
American Family vs. Geico: Which is better?
This depends on individual needs and circumstances. American Family offers strong customer service and a variety of discounts, while Geico is known for its low rates and efficient online services. Comparing quotes and coverage options is the best way to determine which is better for you.
American Family vs. Travelers: Which is better?
Both American Family and Travelers offer robust insurance options, but they cater to different customer needs. Travelers may offer more discounts and flexible coverage options, while American Family is known for strong customer service. Evaluating your specific needs and comparing quotes can help determine which is better for you.
What does Travelers car insurance offer in California?
Travelers car insurance in California offers a variety of coverage options, including liability, comprehensive, and collision coverage. They provide discounts for safe driving, multiple policies, and hybrid/electric vehicles. Travelers is known for good customer service and a strong financial rating, making it a solid choice for California drivers.
How does Geico compare to Mercury?
Geico is typically known for its competitive pricing and efficient online services, while Mercury is praised for personalized customer service and a variety of coverage options. Geico may offer lower rates, especially for drivers with clean records, whereas Mercury might provide better service through local agents. Comparing quotes and coverage options from both companies is recommended to find the best fit.
How does Geico compare to Safe Auto?
Geico generally offers a wider range of coverage options and more discounts compared to Safe Auto, which focuses on providing basic coverage for high-risk drivers. Geico is often more affordable for drivers with good records, while Safe Auto may be more accommodating to those with past infractions or lower credit scores.
How can I get a Geico car insurance quote in Florida?
To get a Geico car insurance quote in Florida, you can visit the Geico website and use their online quote tool. You’ll need to provide information about your vehicle, driving history, and personal details. You can also call Geico directly or visit a local Geico office for a quote.
What does Travelers car insurance offer in Florida?
Travelers car insurance in Florida offers a wide range of coverage options and discounts similar to its offerings in other states. Florida drivers can benefit from discounts for safe driving, multiple policies, and using the Travelers mobile app. Travelers is known for good claims handling and customer service in Florida.
How does Esurance compare to Travelers?
Esurance is known for its user-friendly online platform and digital tools, making it a good option for tech-savvy customers. Travelers, on the other hand, offers a wider range of coverage options and discounts, with strong customer service and claims handling. Esurance may offer lower rates for some drivers, while Travelers provides more comprehensive coverage options.
How does Elephant compare to Geico?
Elephant offers competitive rates and a variety of discounts, but it operates in fewer states compared to Geico. Geico is known for its nationwide presence, extensive coverage options, and discounts. Elephant may offer personalized customer service through local agents, whereas Geico is more focused on efficient online services. Comparing quotes from both companies can help determine the best option for your needs.
Does a speeding ticket affect your insurance with Geico?
Yes, a speeding ticket can affect your insurance rates with Geico. Typically, a speeding ticket will result in an increase in your premiums, as it indicates a higher risk to the insurer. The exact amount of the increase depends on various factors, including the severity of the ticket and your overall driving record.