Chubb vs. Travelers: Which Company is the Best Fit for You?

Quick Facts

• In general, Travelers offers significantly less expensive premiums than Chubb
• Travelers offers cheaper average rates for policyholders who live in the suburbs
• Travelers offers more affordable premiums for drivers who have an at-fault accident on their record

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Chubb vs. Travelers: Which Company has the Cheapest Car Insurance?

Are you considering a new insurance policy? With so many ads from all sorts of companies offering pretty big discounts, you're probably wondering exactly how much you might be able to save.

You might have narrowed it down to Chubb or Travelers as potential options, but which company has more affordable rates for insurance?

As you can see, Chubb has average rates that are about 45% per month more expensive than those from Travelers when looking at the national average rates for car insurance.

That being said, that doesn't mean Travelers will necessarily be less expensive than Chubb for each driver. Insurance companies use a ton of complex algorithms to calculate prices, so depending on how old you are or where you live (among an array of other factors), you could see wildly different rates from the ones above.

Luckily, we've broken down average prices from both Chubb and Travelers by lots of different rate factors, so read on to find out which carrier is the best for you.

Chubb or Travelers: Average Car Insurance Rates by State

Chubb and Travelers compete against each other in six states, with Travelers offering more affordable premiums to the average driver in all of them. Wisconsin has the most noticable difference, where Travelers rates are over 70% cheaper than auto insurance premiums at Chubb.

That being said, there's a lot more that goes into your car insurance payment than just the state you live in. Read on to learn more.

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Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive auto insurance prices of any other group of drivers. It's typically because young, inexperienced drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

But still, even with seemingly sky-high premiums, teen drivers can still find ways to save money. For example, 18-year-old drivers pay an average of nearly $300 less a month by choosing Travelers over Chubb.

Even so, with both carriers, you'll see your rates drop significantly once you turn 25. For example, average prices for Chubb policyholders reduce almost 55% and Travelers's rates lower more than 60% over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age generally enjoy some of the cheapest insurance premiums you'll ever find. After all, they've likely been driving for quite some time, which normally lowers their chances of accidents and other infractions that can increase prices.

When looking at Chubb and Travelers specifically, which company is best for retired drivers? Travelers gets the edge, with premiums for drivers 65 and older nearly 30% more affordable than the national average for Chubb.

Which is the Best Company for Married Drivers?

Married drivers tend to get slightly cheaper auto insurance prices than single drivers. This usually boils down to married policyholders having multiple cars on their policy -- something quite a few car insurance companies will reward with discounts.

When it comes to relationship status, Travelers is the clear winner for single policyholders, with rates around $148 per month less expensive than Chubb, on average. The advantage is also clear for married couples - Travelers offers the most affordable average premiums.

Chubb vs. Travelers: Average Rates by Gender

Men are statistically more likely than women to get into accidents and get tickets. That means when it comes to insurance men will usually end up paying a little more.

Women normally pay about 4% a month less than men with Chubb, and around 6% less with Travelers.

Looking at the data for each carrier specifically, Travelers comes out as the lowest option for both genders, with average rates 42% less for men and 44% cheaper for women.

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Chubb or Travelers: Compare State Minimum vs. Full Coverage Rates

*State minimum value indicates liability-only policies at each state's minimum bodily injury and property damage (BI/PD) limits

**Full coverage indicates state minimum BI/PD limits with collision and comprehensive coverages added to policy.

Car insurance can be a complicated subject for most people. Everyone needs auto insurance, but there are so many different terms and coverages that it can be hard to find the right policy.

But most policies that many drivers look at fall into two categories -- liability only (which covers the other party's injuries and property damage if you cause an accident) and full coverage (which generally refers to having comprehensive and collision coverages alongside liability).

If you're looking for state minimum liability limits, Travelers usually offers significantly cheaper prices of $108 compared to Chubb's $169. When it comes to full coverage policies with similar limits, Travelers again has the edge, with policies about $200 per month less expensive than Chubb, on average.

Is Chubb or Travelers Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

You'll probably end up paying more with at-fault collisions and tickets on your record, but which of these two carriers offers the cheapest rates to drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Chubb policyholders can expect their prices to go up an average of $38 a month if they get a ticket, while Travelers typically raises premiums around $32 per month, on average.

However, Travelers is usually the more affordable option for both drivers who have a recent speeding ticket and those with clean records. Drivers with a clean record can save about $95 a month and drivers with a ticket can save around $101 per month with Travelers.

Which Company is Best for Drivers After an Accident?

Chubb drivers who get in a collision can expect to see their rates rise by just under 25%, while those who have insurance through Travelers will see about a 25% increase.

Overall, drivers who use Travelers end up with the cheaper prices after an accident, with monthly premiums averaging $173 compared to Chubb's $290.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge, you can expect some pretty significant increases in your monthly auto insurance bill -- normally a lot more than an accident or speeding ticket. Chubb drivers usually see a 43% increase in their insurance prices after a DUI charge, while Travelers will typically climb premiums by around 38%.

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How does Credit Score Impact Chubb and Travelers Rates?

You may not have known, but your credit score can come into play when companies determine your monthly bill. This isn't always the case (Hawaii, for example, has banned the use of credit score as a rating factor) but it might come into play for a lot of policyholders.

The reasoning car insurance carriers use is that drivers with good credit will be more likely to pay their bills on time; so they'll reward them with cheaper rates, while those with poor credit will generally be forced to pay more.

Looking specifically at Chubb and Travelers, which one has the lowest prices for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

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Is Chubb or Travelers Better for Drivers who Work from Home or Have Short Commutes?

The amount of time you spend behind the wheel of your car plays a big role in your monthly auto insurance bill. That's because the fewer miles you drive, the less likely you are to get into a collision and cause an insurance claim.

For both drivers who put 6,000 miles on their vehicles annually, as well as those who average twice that figure, Travelers tends to be the cheaper option. Travelers's average rates for drivers with 6,000 annual miles come in just under 45% more affordable than Chubb. Those who drive 12,000 miles each year can expect to pay nearly 45% less with Travelers over Chubb.

Chubb vs. Travelers: Compare Rates for Urban, Suburban, and Rural Drivers

Where your home is can play a sizable role in how much you pay for car insurance. Usually, those who live in rural areas will pay less than drivers in urban areas because of the small number of vehicles that are on the roads in those areas.

Travelers boasts the most affordable average prices for drivers in all areas, regardless of if they're urban, suburban, or rural.

Policyholders in rural ZIP codes see the lowest premiums from both companies, but Travelers comes out on top with average prices about $136 monthly. Travelers also has less expensive average rates for drivers in urban and suburban ZIP codes -- a $156 and $100 a month respective difference when compared to Chubb policyholders in similar areas.

Chubb vs. Travelers Discounts

Regardless of why you might be in the market for a new insurance policy, you're always going to want to save as much money as possible, and the best way to do that is by utilizing as many car insurance discounts as you can.

But where do you even start? With so many discounts out there, it may seem difficult to find all the of the ones you're eligible for.

In the section below, we've taken a look at all of the different discounts Chubb and Travelers offer their customers so that you can easily see which company offers the most discounts and, therefore, the biggest savings.

Travelers blows Chubb away when it comes to the sheer amount of discounts available, offering 10 more discounts than Chubb.

A couple of those are overlapping for things like anti-theft discounts, distant student discounts, discounts for getting driver training, and mature driver discounts. Travelers also offers advance quote discounts, alternative fuel discounts, continuous insurance discounts, and more that Chubb does not.

On the flip side, Chubb has a couple unique discounts of its own -- driver-vehicle combination discounts, occasional operator discounts, renewal discounts, and more.

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Final Thoughts: Is Chubb or Travelers Best for You?

So, you've seen how different factors can affect your insurance premiums. We've shown you all the discounts each company offers, too. That's all well and good, but when it comes down to it, is Chubb or Travelers the best carrier for you and your specific profile and needs?

Travelers might be best for you if....

• You have a clean record.
• You're looking for the carrier with the most discounts.
• Your neighborhood is in the suburbs.

Chubb might be best for you if...

• You have a more unique driver profile than those we mentioned above.

We hope this guide has ben a valuable resource as you compare Chubb and Travelers and that it aids in making a more informed decision about your auto insurance.

At the end of the day, the best way to make sure you're getting the best deal on your car insurance policy is to compare quotes from multiple carriers, not just Chubb and Travelers. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your ZIP code below and get free quotes from dozens of the top auto insurance companies in your area, all in just a few minutes.

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Chubb vs. Travelers FAQs

Is Chubb or Travelers cheaper?

Looking just at the national average prices, Travelers is the more affordable of the two carriers, offering average rates of $167 per month compared to $291 for Chubb. That being said, Travelers won't necessarily be the cheapest company for every driver, since there are a variety of different variables that come into play when it comes to your insurance cost.

Who is better, Chubb or Travelers?

Unfortunately, the real answer is "it depends.". One carrier is not necessarily "better" for each driver -- it all depends on the makeup of your unique auto insurance profile.

Why do Chubb and Travelers offer me different rates?

Car insurance companies take a look at several different factors when calculating the premiums they charge drivers. Things such as age, where you park your car, your driving record, gender, and sometimes even things like your credit score can all come into play. Both Chubb and Travelers calculate rates using different variables, so each one will most likely offer different premiums. The only real way to see which company is the most affordable for you is by comparing personalized quotes from several different carriers.

How do I know if Chubb or Travelers is right for me?

The only way to find the insurance carrier that's right for you is by getting quotes from several companies and finding the one best suited for your individual budget. Luckily, Compare.com makes it easy for you to do just that. Just enter your area information and you'll get free quotes from dozens of the best car insurance carriers in your area. With those, you can guarantee you're getting the cheapest premium. And who knows, the best company for you might not be Chubb or Travelers at all!

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Methodology

All of the data referenced in this article has been gathered in collaboration with Quadrant Information Services. We analyzed more than 2.5 million rows of carrier-reported data to calculate the average rates referenced above. All rates are based on an insurance profile of a single-vehicle policy for a driver that owns a 2016 Honda Accord. For more information on how we calculate rates, please reference our data methodology.