Home Insurance Farmers vs. Travelers: Auto and home insurance bundling Farmers earned a 3.77 overall rating, while Travelers came in at a 3.73 rating. Additionally, Farmers has cheaper bundled auto and home insurance, but Travelers has cheaper auto insurance. View Carriers Please enter valid zip Compare top carriers in your area Written by Tonya Sisler Reviewed by Leslie Kasperowicz Leslie Kasperowicz Leslie Kasperowicz is an insurance educator and content creation professional with nearly two decades of experience first directly in the insurance industry at Farmers Insurance and then as a writer, researcher, and educator for insurance shoppers writing for sites like ExpertInsuranceReviews.com and InsuranceHotline.com and managing content, now at Insurance.com. Posted on: July 26, 2024 Why you can trust Insure.com Quality Verified At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry. Farmers and Travelers are two closely ranked insurance providers, making it difficult to choose which has the best company for an auto and home bundle. Here, we’ll compare the companies head-to-head on rates and ratings to help you pick the best insurer for your auto and home insurance needs. While Travelers offers the cheapest auto insurance rates, Farmers provides the lowest rates for a combined auto and home insurance policy. It’s also important to compare these two companies on customer satisfaction. Keep reading to learn more about Farmers and Travelers auto and home insurance. Key Takeaways Farmers has cheaper average bundled home and auto rates compared to Travelers Travelers insurance is offered in more states than Farmers Travelers earns higher financial and customer satisfaction ratings than Farmers Insure.com compares Farmers vs. Travelers for auto and home bundling Farmers offers the best multi-policy discount for bundling auto and home insurance and the lowest rates for combined coverage. However, Travelers provides the cheapest auto insurance without additional coverage. In addition, you can get Travelers insurance in all 50 states, plus D.C. Farmers coverage is only available in 45 states. Both Farmers and Travelers have similar customer satisfaction and claims satisfaction ratings, but Travelers has a higher financial strength rating. Insure.com rating comparison for Farmers vs. Travelers The following table compares Farmers’ and Travelers’ ratings in various categories. While the competitors score similarly in customer satisfaction, complaints and Insure.com’s overall rating, Travelers earned a superior AM Best financial rating, and Farmers earned an excellent rating. Comparison metricsFarmersTravelersInsure.com overall rating3.773.73Best forLower average premiums for auto and home insurance bundlesLower average auto insurance ratesCustomer satisfaction rating3.923.96NAIC rating0.540.54AM Best ratingAA++State availability*45All *Indicates the number of states where both auto and home insurance are available. Farmers vs. Travelers: Pros and cons The table below breaks down the pros and cons for Farmers and Travelers. For example, Farmers offers cheaper average auto and home insurance bundles, but Travelers provides coverage in every state and D.C. FarmersTravelersPros: Pros: Numerous insurance discountsBoth auto and home are offered in all 50 statesCheaper bundled auto and home insuranceSuperior financial ratingCons: Cons: Auto and home are not available in every stateHigher rates for auto and home insurance bundlesHigher average auto insurance ratesFewer coverages offered Farmers vs. Travelers: Which has the most affordable rates? Farmers comes out on top regarding average annual premiums for home and bundled insurance. After the multi-policy discount, customers can save an average of $1,111. Travelers offers cheaper auto insurance, but its home insurance is significantly higher. Also, Travelers’ auto and home insurance bundle savings is much less. “When comparing insurance rates, it is most important to understand what isn’t covered, what categories have limitations, and if certain types of claims have a separate deductible,” says Zack Pope of David Pope Insurance. CompanyAvg annual auto premium Avg annual home premiumTotal without bundleTotal with bundle % discount$ savingsFarmers$2,440 $3,364 $5,804 $4,693 18%$1,111Travelers$1,823 $5,161 $6,984 $6,210 11%$774 Farmers vs. Travelers: Auto and home bundle rates by state While Travelers provides auto and home insurance coverage in all 50 states and D.C., Farmers only offers both auto and home coverage in 45 states. In states where both Farmers and Travelers offer coverage, Farmers typically has larger bundling discounts. State Farmers -Auto & home before discount Farmers -Auto & home after discount Farmers -%Saving Travelers -Auto & home before discount Travelers -Auto & home after discount Travelers – %Saving Alaska––––––Alabama$4,668$3,85317%–––Arkansas$6,988$5,55121%$10,222$9,12811%Arizona$5,332$4,18022%$6,774$6,11410%California$5,103$4,21617%$3,486$2,86618%Colorado$8,970$6,96222%–––Connecticut–––$7,380$6,7119%Washington, D.C.––––––Delaware–––$3,266$2,9859%Florida–––$3,828$3,40811%Georgia––––––Hawaii––––––Iowa$4,260$3,52217%–––Idaho$3,265$2,62520%–––Illinois$5,453$4,37520%$8,551$7,70010%Indiana$5,155$4,25717%$8,969$8,08410%Kansas$9,136$6,82225%–––Kentucky––––––Louisiana––––––Massachusetts–––$7,688$6,72113%Maryland–––$7,277$6,12116%Maine––––––Michigan$12,867$10,23520%–––Minnesota$4,821$4,04216%–––Missouri––––––Mississippi–––$10,588$9,39411%Montana$6,314$5,04520%–––North Carolina––––––North Dakota$6,081$5,10716%–––Nebraska$10,217$7,62925%–––New Hampshire––––––New Jersey––––––New Mexico$4,623$3,71620%–––Nevada$4,608$3,65521%–––New York–––$6,102$5,38712%Ohio$3,708$3,10616%$6,782$6,06911%Oklahoma$9,430$7,80017%–––Oregon$3,622$2,90920%–––Pennsylvania–––$7,109$6,33111%Rhode Island––––––South Carolina–––$6,258$5,58111%South Dakota$6,257$5,09719%–––Tennessee$5,014$4,27115%$8,150$7,35510%Texas––––––Utah$3,579$2,87120%–––Virginia–––$6,299$5,61911%Vermont––––––Washington$3,929$3,5889%–––Wisconsin$3,422$2,76319%–––West Virginia––––––Wyoming$4,079$3,8196%––– *Rate data is not available for both home and auto in all states; however, where rates for either policy are available they have been included for informational purposes. Farmers vs. Travelers: Customer satisfaction According to Insure.com’s 2024 Best Insurance Companies survey, more customers are satisfied with Farmers insurance than with Travelers. The survey found that 72% of Travelers’ customers were satisfied with their insurance, versus 77% of Farmers’ customers. CompanyPercentage of customers who are satisfiedFarmers77%Travelers72% Farmers vs. Travelers: Claims handling Claims handling is another category in which Farmers and Travelers score closely. Seventy-three percent of Farmers’ customers are satisfied with how their claims were handled, compared to 72% of Travelers’ customers CompanyPercentage of customers who are satisfiedFarmers73%Travelers72% Farmers vs. Travelers for auto and home bundling: The bottom line Since Farmers and Travelers are among the top insurers, you can depend on either company for the auto and home coverage you need. Farmers may be a better option if you’re looking for cheap auto and home insurance. Additionally, Farmers may provide better overall customer satisfaction. However, Farmers isn’t offered in every state, so you may not be eligible for coverage. On the other hand, Travelers offers cheaper auto insurance coverage, and coverage is more readily available. Travelers also has a higher financial stability rating, meaning it has the ability to meet all financial obligations. In case you missed it What is HO-6 condo insurance and how much does it cost? Average homeowners insurance cost by ZIP code in 2024 What is dwelling coverage and how much do you need? Personal liability insurance: What it is and why you need it Renters insurance quotes: Compare rates Hurricanes and home insurance: How hurricane insurance works How replacement cost coverage works when you file a claim How much do claims increase home insurance rates? 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Most Americans don’t 1/1 Related Articles Condo insurance calculator: Estimate the cost of coverage By Jessica Olson How to file a successful mold claim By Chris Kissell Cost of living comparison by state By Chris Kissell Home insurance for older homes with knob and tube wiring By Erik Martin How to switch home insurance By Leslie Kasperowicz Cheapest homeowners insurance in 2024 By Chris Kissell On this page Insure.com compares Farmers vs. Travelers for auto and home bundlingInsure.com rating comparison for Farmers vs. TravelersFarmers vs. Travelers: Pros and consFarmers vs. Travelers: Which has the most affordable rates?Farmers vs. Travelers: Customer satisfactionFarmers vs. Travelers: Claims handlingFarmers vs. Travelers for auto and home bundling: The bottom line Get instant quotes now ! Please enter valid zip Get Quotes