Two of the largest national car insurance companies, Allstate and Travelers are both great options for you to consider when shopping around for coverage. Both companies sell car insurance and a range of other insurance products nationwide. Travelers offers a better selection of discounts, but Allstate is the cheaper auto insurance company.
When evaluating Allstate and Travelers, you should consider important factors, like average rates, coverage options, discounts, customer service, financial strength, and availability. It’s a good idea to compare each company to find the cheapest auto insurance and the best option for you.
Here’s what you need to know about Allstate’s and Travelers’ coverage offerings before buying a new auto insurance policy.
Allstate and Travelers each stand out in different ways. In terms of average costs, Allstate has cheaper coverage than Travelers. Both companies have more than a dozen discount offerings, and Travelers policyholders can also save with the company’s IntelliDrive and affinity programs.
In the table below, you can see how Allstate and Travelers compare on a few important features.
Allstate is the fourth-largest car insurance company in the United States, according to the National Association of Insurance Commissioners (NAIC). Allstate holds about 11% of the total market share.1
Travelers is the eighth-largest insurer in the country. In the U.S. personal auto insurance industry, Travelers has 2.11% of the total market share.
Allstate and Travelers both have a telematics-based safe driver rewards program. Customers download a free mobile app that tracks driving habits, like speed, brake force, nighttime driving, and distractions. These programs reward safe driving habits with a discounted premium.
With Allstate’s Drivewise program, you earn an automatic discount for enrolling and a safe driving discount every six months if you drive safely. And with Travelers IntelliDrive, you can earn an enrollment discount and save up to 30% for driving safely. But your premium can increase with both programs if you demonstrate unsafe driving behaviors.
Allstate has cheaper average car insurance premiums than Travelers, but both companies have cheaper average rates than the overall national average. The average car insurance price from Allstate is $71 per month for liability coverage and $134 for full coverage. To compare, Travelers policyholders pay an average of $98 per month for liability and $185 for full coverage.
Your car insurance premium will ultimately depend on various factors. When calculating premiums, car insurance companies can consider your ZIP code, age, credit history, and vehicle type. Your driving record is a major factor that can lead to higher or lower premiums.2
Here’s a closer look at how rates compare between Allstate and Travelers for various driver profiles.
Allstate has the cheapest car insurance for people who have a clean driving record with no recorded driving incidents, traffic violations, or car accidents.
You’ll generally pay more for car insurance if you have a past violation on your record, such as a car accident, DUI, or speeding ticket. Drivers with a speeding ticket on their record pay less for coverage with Allstate than Travelers, on average.
Allstate has cheaper average auto insurance rates for young drivers and teenagers, who pay the highest rates for coverage out of all age groups.
Insurers view drivers with bad credit as higher-risk. But Allstate has lower car insurance rates than Travelers for drivers with bad credit.
Senior drivers will find that Allstate has a lower average premium than Travelers.
Allstate and Travelers have similar coverage offerings. Both auto insurance companies sell standard coverages, including liability, collision, comprehensive, medical payments, personal injury protection, and uninsured/underinsured motorist insurance.
Additionally, these insurers offer endorsements that can fill gaps in your basic car insurance policy. Below, you can see some of the endorsements that Allstate and Travelers offer.
Travelers offers a few key discounts that Allstate doesn’t, though both companies have solid discount opportunities. Travelers customers can benefit from homeowner, affinity group, and hybrid or electric vehicle discounts, but Allstate drivers can’t. And Allstate has an anti-theft device discount that Travelers doesn’t.
Each company offers multi-policy discounts, which are great for drivers who want to bundle auto coverage with home or life insurance. Here’s how Allstate and Travelers compare in terms of discounts.
Travelers and Allstate are excellent insurance companies with a range of products. If you’re still deciding which insurer is the best choice for your needs, check out the answers to the questions below for more information on these two companies.
Overall, Travelers is the better car insurance option for many drivers, thanks to superior financial strength and a large selection of coverage and discounts. Although Travelers has higher rates than Allstate, the company’s average rates are below the U.S. national average.
Travelers has mixed ratings when it comes to insurance claims but has an A++ (Superior) financial strength rating from AM Best, which indicates an ability to pay claims and meet other policyholder obligations. Travelers ranked above average for customer satisfaction in the J.D. Power 2023 U.S. Auto Claims Satisfaction Study.3
No. Allstate isn’t the most expensive car insurer. In fact, the company has lower average rates than the overall national average for liability and full-coverage insurance. In addition to the car insurer you choose, your premium will depend on your age, credit history, driving record, marital status, auto policy length, whether you have a past car insurance claim, and more.
The main difference between Allstate and Travelers auto insurance is cost. Allstate has much lower average premiums than Travelers for many driver types. However, Travelers offers a better selection of discounts than Allstate. Even though Travelers has more expensive rates, you might be able to reduce your premium by taking advantage of its discounts.
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