Although it’s a thrilling experience, traveling is not without its uncertainties. Knowing what to look for in travel insurance and getting it is essential to traveling with peace of mind. Let’s explore the nuances of travelers insurance and dispel any confusion surrounding the procedure.
Travelers Insurance
Travelers Insurance provides insurance coverage to protect the things that are important to you – your home, your car, your valuables and your business. They have earned a reputation as one of the best property casualty insurers in the industry because we take care of our customers, agents, brokers, communities and each other.
Their expertise and focus on innovation have made us an industry leader and the only property casualty company in the Dow Jones Industrial Average.
By minimizing risk, preventing loss and helping customers prepare for the unknown, Travelers’ comprehensive products and services enable individuals and businesses to feel confident and secure about the future.
How much is Travelers car insurance?
The exact cost of Travelers car insurance will depend on several factors. These factors include the type of coverage chosen, the driver’s age and credit score, and any history of traffic violations.
Coverage type
Every state requires drivers to carry a minimum amount of liability insurance to be able to drive legally. Minimum requirements vary among states, so it’s wise to check with your local department of motor vehicles to determine the type and amount of coverage you’ll need. Travelers customers pay an average of $1,273 per year for minimum coverage and an average of $1,437 per year for full coverage, which could include comprehensive, collision, uninsured or underinsured motorist, and bodily injury coverage.
Credit score
Your credit score impacts much of your financial life, and insurance is no exception. In general, you can expect to pay a lower premium if your credit score falls in the “good” or “excellent” range, and a higher premium for a “poor” or “fair” credit score. Travelers has an average annual rate of $2,361 for customers with poor and fair credit scores.
Age group
Car insurance premiums tend to be the highest for young drivers, with rates generally decreasing when you reach the 25-to-30 age range. Travelers’s rates reflect this pattern, with teen drivers paying an average of $4,704 and adult drivers paying an average of $1,392.
Traffic violation
If your driving record is clean, you’ll enjoy lower insurance premiums. But if you have a speeding ticket, accident, or DUI on your record, you can expect to pay more for car insurance. Travelers has an average annual rate of $1,355 for drivers with clean records, $1,785 for drivers with one speeding ticket on their record, $1,890 for drivers who have been involved in an accident, and $2,143 for drivers with one DUI.
Other Travelers Insurance services
In addition to car insurance, Travelers offers the following insurance products:
- Boat and yacht insurance.
- Condo insurance.
- Flood insurance.
- Homeowners insurance.
- Landlord insurance.
- Motorcycle insurance.
- Pet insurance.
- Renters insurance.
- Travel insurance.
- Umbrella insurance.
- Valuable items insurance.
- Wedding and event insurance.
Who is eligible for Travelers car insurance?
Any licensed driver may apply for coverage with Travelers, but this does not guarantee that it will be the best option for every driver or that every driver will be granted coverage.
As previously mentioned, drivers with a history of DUIs or speeding tickets may find lower rates with Travelers than with other insurance companies. Furthermore, people with bad credit might discover that Travelers offers cheaper premiums than its rivals.
Conclusion
In conclusion, unraveling the mysteries of travelers insurance is essential for anyone embarking on a journey. By understanding the nuances of coverage, selecting the right policy, and being prepared for the unexpected, travelers can ensure a worry-free experience.
Frequently asked questions (FAQs)
1. Is Travelers good car insurance?
Overall, Travelers is a good option to consider for car insurance. While the company’s ratings by J.D. Power for claim satisfaction and insurance shopping are lower than average, it does have a “Superior” rating from AM Best and a lower-than-average number of NAIC complaints. Rates are also lower than average for many customers, though they may not be the lowest customers will find. It’s advisable to get quotes from at least three insurance providers to determine which one offers the best coverage at the most affordable cost for you.
2. Is Travelers Insurance expensive?
The cost of a Travelers Insurance policy depends on several factors: the type of coverage, age and driving history of the policyholder, and more. However, in general, Travelers Insurance premiums are lower than average for auto insurance.
3. How do I contact Travelers?
There are several ways to contact Travelers:
- By phone at (800) 842-5075.
- The MyTravelers app (available on Google Play and the Apple App Store).
- Email using an online form.
4. Does Travelers offer rideshare insurance?
Yes. Travelers does offer rideshare insurance, but only in two states (Colorado and Illinois). This type of coverage is available as an endorsement to an auto insurance policy.
