Nationwide vs. Travelers Auto Insurance in 2021
Now that you've narrowed down your search, it's time to compare Nationwide vs. Travelers auto insurance rates, coverage options, discounts, and financial strength ratings. Our Nationwide vs. Travelers car insurance review finds that while Nationwide has cheaper rates, Travelers has better customer service and AM Best ratings. Continue reading to find out more and get free quotes.
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UPDATED: Feb 9, 2021
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- Travelers Insurance is ranked ten in the list of top ten auto insurance companies.
- Nationwide Insurance has a higher market share than Travelers, but Travelers has better financial strength and credit ratings.
- Teen drivers can save more money when they’re connected to a Nationwide auto insurance policy.
Our Nationwide vs. Travelers auto insurance review compares rates, auto insurance coverages, shows a side-by-side comparison of discounts, and reveals third-party ratings.
Enter your ZIP code to see if you can compare Nationwide vs. Travelers auto insurance quotes in your local area.
For more information about Nationwide vs. Travelers auto insurance rates and discounts, continue reading.
Nationwide vs. Travelers Auto Insurance: Which company is the cheapest?
Like any fair comparison, it’s essential to match up two companies to see where they stand in their respective industries. Let’s look at how these two car insurance giants compare to each other.
|Summary||Nationwide Auto Insurance Stats||Travelers Auto Insurance Stats|
|Headquarters||One West Nationwide Blvd. Columbus, OH 43215-2220||One Tower Square Hartford, CT 06183|
|Available in how many states?||All States||All States|
|Direct Premiums||$6.6 Billion||$5.5 Billion|
Nationwide has a slight direct premium and market share advantage over Travelers. However, market share ranking doesn’t make one company better or cheaper than the other.
Keep reading to learn more about Nationwide insurance and Travelers insurance.
Which is cheapest by driving record?
One of the most critical factors determining the price of auto insurance is driving record. All auto insurance policies are impacted by driving records.
So how are Nationwide and Travelers affected by driving records? Let’s examine their average monthly rates.
|Driving Record Summary||Nationwide Monthly Auto Insurance Rates||Travelers Monthly Auto Insurance Rates|
|Clean Driving Record||$229||$287|
|With 1 Speeding Violation||$259||$355|
|With 1 Accident||$283||$357|
|With 1 DUI||$379||$478|
Nationwide auto insurance has cheaper rates. If you get Travelers car insurance, shoot for a clean driving record to get away from expensive rates.
Which is cheapest by credit score?
Car insurance providers correlate credit to risk. A good credit score is associated with a lower chance of filing claims, but poor credit scores show a customer has a higher chance of filing claims.
How do Nationwide and Travelers calculate car insurance based on credit scores? Let’s examine the latest auto insurance rates from both companies.
|Credit Score Summary||Nationwide Monthly Auto Insurance Rates||Travelers Monthly Auto Insurance Rates|
|Good Credit (670-739)||$244||$338|
|Fair Credit Score (580-669)||$271||$362|
|Poor Credit Score (300-579)||$340||$430|
Nationwide wins as the cheaper company. Customers with good credit can get cheaper rates at both companies, though.
There are two ways to get those expensive rates down. One way is to pay off any debts and alert your auto insurance company when your credit improves. The second way is through car insurance discounts.
Which is cheapest by age and gender?
Auto insurance providers will always base an auto insurance policy on the age of the driver. Gender is becoming less of a factor, but some states still correlate gender to risk.
Male drivers tend to pay more than female drivers, and younger drivers pay more than older drivers. Do Nationwide and Travelers follow this trend? Let’s investigate by looking at the research below.
|Age, Gender, and Marital Status||Nationwide Monthly Auto Insurance Rates||Travelers Monthly Auto Insurance Rates|
|Married 35-year-old female||$197||$182|
|Married 35-year-old male||$199||$183|
|Married 60-year-old female||$178||$171|
|Married 60-year-old male||$185||$173|
|Single 17-year-old female||$480||$776|
|Single 17-year-old male||$598||$1,071|
|Single 25-year-old female||$224||$194|
|Single 25-year-old male||$241||$208|
Nationwide and Travelers do follow this car insurance trend, but there’s a surprising fact here. Auto insurance for older drivers is cheaper at Travelers. However, teen car insurance is less expensive at Nationwide.
Which is cheapest by coverage level?
The minimum auto insurance requirements are significant when you want to save money on auto insurance. But what if you live in a state with low coverage limits?
You may have to increase your coverage limits if you live in a state with low liability coverage limits. However, raising your coverage level will increase your monthly premium.
Let’s see how Nationwide vs. Travelers auto insurance coverage compares:
|Coverage Level Summary||Nationwide Monthly Auto Insurance Rates||Travelers Monthly Auto Insurance Rates|
|Low Coverage Level (Depends on State)||$283||$352|
|Medium Coverage Level (50/100/50)||$287||$372|
|High Coverage Level (100/300/100)||$292||$385|
Nationwide car insurance is still cheaper and carries the lowest increase between coverages.
Which is cheapest by commute mileage?
When you first get your quote, you’ll be asked about your vehicle’s purpose. Any general commuting that you do will maximize your rate.
If you’re only using your vehicle to drive occasionally, you can pay lower prices. Commuting is calculated for the year and dropped onto the car insurance policy.
The more you drive, the more you’ll pay for auto insurance. But how much more will you spend at Nationwide and Travelers?
|Estimated Commute Mileage||Nationwide Monthly Auto Insurance Rates||Travelers Monthly Auto Insurance Rates|
|10 Miles Commute (6,000 miles/yr)||$286||$367|
|25 Miles Commute (12,000 miles/yr)||$289||$372|
Traveler rates are more expensive and carry a higher increase in commute mileage values.
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Nationwide vs. Travelers Auto Insurance Coverages
Which company is more versatile and provides more coverage? We researched Nationwide’s and Travelers’ auto insurance coverage list and compared them side-by-side.
|Nationwide Auto Insurance Coverages||Travelers Auto Insurance Coverages|
|Bodily Injury Liability||Liability Coverage|
|Property Damage Liability||Comprehensive Coverage|
|Medical Payments coverage||Collision Coverage|
|Collision coverage||Personal Injury Protection|
|Comprehensive coverage||Uninsured/Underinsured Motorist Coverage|
|Uninsured & Underinsured Motorist Coverage||Medical Payments Coverage|
|Personal Injury Protection||Loan/Lease Gap Insurance|
|GAP Coverage||Rental Coverage|
|Rental Car Expense||Roadside Assistance|
|Roadside Assistance||New Car Replacement|
|Accident Forgiveness||Accident Forgiveness|
|Vanishing Deductible||Ride Sharing|
|Total Loss Deductible Waiver||Umbrella Insurance|
|Towing and Labor Coverage|
Nationwide and Travelers are nearly neck and neck in coverage options. Travelers auto insurance is just short of one coverage.
Nationwide and Travelers Insurance Products
Who has more insurance products to bundle? Let’s take it a step further and compare the available insurance products of both companies.
|Insurance Products||Nationwide Availability||Travelers Availability|
Nationwide has more insurance products than Travelers, but this doesn’t make Travelers a bad company.
Nationwide vs. Travelers Auto Insurance: Who offers more discounts?
Discounts are the saving grace that will lead you to the glory of cheap car insurance rates. Let’s compare the available discounts from Nationwide and Travelers.
|Auto Insurance Discount Names||Nationwide Discount Values||Travelers Discount Values|
|Accident Free Discount||Varies||N/A|
|Affinity group discount||Varies||N/A|
|Anti-Theft Device Discount||5%||N/A|
|Continuous Coverage Discount||N/A||15%|
|Defensive Driver Discount||10%||8%|
|Driving Habits Discount||Varies||N/A|
|Driving training discount||N/A||8%|
|Early Quote Discount||N/A||10%|
|Farm Bureau Discount||10%||N/A|
|Good Driver Discount||10%||N/A|
|Good Payer Discount||N/A||15%|
|Good Student Discount||15%||8%|
|Home Owner Discount||N/A||5%|
|Hybrid/Electric Vehicle Discount||N/A||10%|
|Low Mileage Discount||N/A||Varies|
|Multiple Policy Discount||25%||13%|
|Multiple Vehicle Discount||20%||8%|
|New Car Discount||N/A||10%|
|No lapse in coverage discount||N/A||Varies|
|Paid in full discount||N/A||8%|
|Paperless documents discount||Varies||N/A|
|Preferred payment discount||Varies||3%|
|Safe Driver Discount||N/A||23%|
|Student Away at School Discount||N/A||7%|
Travelers car insurance just barely wins the discount war here. The Hartford, CT company has one more discount than Nationwide.
You can save even more at both companies when you bundle your auto insurance to one of their other products. For example, you can bundle Nationwide pet insurance or Nationwide retirement to your auto insurance policy to qualify for a discount.
You can also save money if you bundle your Travelers home and auto insurance.
Nationwide vs. Travelers Auto Insurance Reviews
Now that you know all about auto insurance rates and discounts, let’s venture into Nationwide and Travelers reviews.
First, we’ll explore the pros and cons of both companies. Then, we’ll explain financial strength and credit ratings, and finally wrap up with mobile app reviews.
Pros and Cons
Let’s begin with comparing the advantages and disadvantages of Nationwide and Travelers.
|Nationwide Pros||Nationwide Cons||Travelers Pros||Travelers Cons|
|Choice of an agent or buying coverage directly.||Customer satisfaction ratings are average to below average||Several auto insurance options to choose from||Rideshare coverage is only available in Colorado and Illinois|
|One-stop shopping with lots of bundling options||No rideshare insurance available||Moderate auto insurance rates||Ranked last in the auto insurance market share|
|Rates are below average in most states||Fewer add-on options than many other companies||Marginal-rated repair service|
Did we miss something? As you move closer to your final decision, you’ll start to conclude factors that will help you get the best policy.
Financial Strength and Credit Ratings
If you were ever curious how well auto insurance companies manage their money or how they treat customers, you were probably missing financial strength and credit ratings. Let’s compare the ratings below.
|Agencies||Nationwide Ratings||Travelers Ratings|
|Better Business Bureau (BBB)||A||A+|
|NAIC Complaint Index||1.45||0.32|
|J.D. Power - Power Circle Ratings||About Average||About Average|
Although Travelers is ranked last, it has a much better rating than Nationwide on every level. Travelers manages its money more effectively, and consumers complain the least about their service.
Mobile App Ratings
Smartphones have become essential to the car insurance experience, and most companies encourage their customers to use their apps. Nationwide and Travelers mobile apps are available on both iOS and Android. Let’s examine their star ratings below.
|Smart Device Stores/Systems||Nationwide Mobile App Star Ratings||Travelers Mobile App Star Ratings|
|Apple App Store (iOS)||2 stars||2 stars|
|Google Play Store (Android)||3 stars||4 stars|
Both companies have a low rating on Apple App Store. However, Travelers has a higher star rating than Nationwide under Google Play Store.
To access your auto insurance policy on your smartphone, you’ll need to create a Nationwide insurance login or a Travelers insurance login to access the account.
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Nationwide vs. Travelers Auto Insurance: The Bottom Line
Nationwide does have more affordable auto insurance rates, but Travelers has better ratings overall. However, drivers 25 and older can save more money when they choose a Travelers policy.
When you weigh out your coverage options and discount eligibility, you should be able to come up with a reliable selection either way you go.
Try comparing Nationwide vs. Travelers auto insurance using our free online quote tool below.