Farmers vs. Travelers: Auto and home insurance bundling

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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 metrics	Farmers	Travelers
Insure.com overall rating	3.77	3.73
Best for	Lower average premiums for auto and home insurance bundles	Lower average auto insurance rates
Customer satisfaction rating	3.92	3.96
NAIC rating	0.54	0.54
AM Best rating	A	A++
State availability*	45	All

*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.

Farmers	Travelers
Pros:	Pros:
Numerous insurance discounts	Both auto and home are offered in all 50 states
Cheaper bundled auto and home insurance	Superior financial rating
Cons:	Cons:
Auto and home are not available in every state	Higher rates for auto and home insurance bundles
Higher average auto insurance rates	Fewer 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.

Company	Avg annual auto premium	Avg annual home premium	Total without bundle	Total with bundle	% discount	$ savings
Farmers	$2,440	$3,364	$5,804	$4,693	18%	$1,111
Travelers	$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	$3,853	17%	–	–	–
Arkansas	$6,988	$5,551	21%	$10,222	$9,128	11%
Arizona	$5,332	$4,180	22%	$6,774	$6,114	10%
California	$5,103	$4,216	17%	$3,486	$2,866	18%
Colorado	$8,970	$6,962	22%	–	–	–
Connecticut	–	–	–	$7,380	$6,711	9%
Washington, D.C.	–	–	–	–	–	–
Delaware	–	–	–	$3,266	$2,985	9%
Florida	–	–	–	$3,828	$3,408	11%
Georgia	–	–	–	–	–	–
Hawaii	–	–	–	–	–	–
Iowa	$4,260	$3,522	17%	–	–	–
Idaho	$3,265	$2,625	20%	–	–	–
Illinois	$5,453	$4,375	20%	$8,551	$7,700	10%
Indiana	$5,155	$4,257	17%	$8,969	$8,084	10%
Kansas	$9,136	$6,822	25%	–	–	–
Kentucky	–	–	–	–	–	–
Louisiana	–	–	–	–	–	–
Massachusetts	–	–	–	$7,688	$6,721	13%
Maryland	–	–	–	$7,277	$6,121	16%
Maine	–	–	–	–	–	–
Michigan	$12,867	$10,235	20%	–	–	–
Minnesota	$4,821	$4,042	16%	–	–	–
Missouri	–	–	–	–	–	–
Mississippi	–	–	–	$10,588	$9,394	11%
Montana	$6,314	$5,045	20%	–	–	–
North Carolina	–	–	–	–	–	–
North Dakota	$6,081	$5,107	16%	–	–	–
Nebraska	$10,217	$7,629	25%	–	–	–
New Hampshire	–	–	–	–	–	–
New Jersey	–	–	–	–	–	–
New Mexico	$4,623	$3,716	20%	–	–	–
Nevada	$4,608	$3,655	21%	–	–	–
New York	–	–	–	$6,102	$5,387	12%
Ohio	$3,708	$3,106	16%	$6,782	$6,069	11%
Oklahoma	$9,430	$7,800	17%	–	–	–
Oregon	$3,622	$2,909	20%	–	–	–
Pennsylvania	–	–	–	$7,109	$6,331	11%
Rhode Island	–	–	–	–	–	–
South Carolina	–	–	–	$6,258	$5,581	11%
South Dakota	$6,257	$5,097	19%	–	–	–
Tennessee	$5,014	$4,271	15%	$8,150	$7,355	10%
Texas	–	–	–	–	–	–
Utah	$3,579	$2,871	20%	–	–	–
Virginia	–	–	–	$6,299	$5,619	11%
Vermont	–	–	–	–	–	–
Washington	$3,929	$3,588	9%	–	–	–
Wisconsin	$3,422	$2,763	19%	–	–	–
West Virginia	–	–	–	–	–	–
Wyoming	$4,079	$3,819	6%	–	–	–

*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.

Company	Percentage of customers who are satisfied
Farmers	77%
Travelers	72%

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

Company	Percentage of customers who are satisfied
Farmers	73%
Travelers	72%

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.