Yes, Travelers offers classic car insurance, but only for businesses. Travelers classic car insurance is a specialty coverage type meant for companies with antique, exotic, and collector vehicles that do not lose their value over time.
If you’re currently a Travelers customer and you need classic car insurance personally, you still have some options. You could maintain your Travelers policy for your regular-use vehicle and purchase a separate policy for your classic car from a specialty company like Hagerty or Heacock Classic. Alternately, you could switch to a major insurance company that insures both daily-use and classic cars, like State Farm, Geico, or Progressive.
For more information on where to find coverage for antique and collector cars, check out WalletHub’s guide to the best classic car insurance.
Travelers roadside assistance has a towing limit of 15 miles per tow, up to 8 tows per year, for customers with the standard roadside assistance plan. The towing miles limit for customers with the Travelers Premier plan is 100 miles per tow, up to 8 tows per year. Specific roadside assistance coverage details may vary by state, so drivers should check their Travelers’ policy to learn exact limits and exclusions.… read full answer
In general, roadside assistance from a car insurance company is less expensive than purchasing a motor club membership with the likes of Better World Club or AAA. Coverage might be more limited, though. To see how Travelers roadside assistance compares to the competition, check out the table below.
Travelers Roadside Assistance Compared to Popular Competitors
In addition to towing, Travelers roadside assistance includes jump starts, fuel delivery, flat tire changes, lockout services, and winching. To add Travelers roadside assistance to your policy, log into your online account or call Travelers customer service at 1-800-842-5075.
Yes, Travelers offers gap insurance for approximately 5% of the car's comprehensive and collision premium. Travelers gap insurance pays the difference between your car’s actual cash value and your remaining loan or lease balance if the vehicle is stolen or totaled. However, you will be responsible for paying a deductible.
Travelers gap insurance is usually a better investment than purchasing this coverage from a dealership, where the cost is often added to your loan/lease balance and charged interest. You can cancel Travelers gap insurance once your car is worth more than your loan or lease balance.
Travelers is so cheap because the company offers a wide variety of discounts that almost anyone can get. A minimum coverage policy from Travelers costs an average of $58 per month, and Travelers premiums can be made even cheaper by taking advantage of discounts such as continuous insurance discount and paid-in-full discount. Plus, Travelers rewards customer loyalty with discounts for insuring more than one car and bundling multiple policies, such as home and auto.… read full answer
Average Monthly Rates for Travelers vs. Top Competitors
Note: Premiums are representative of a 45-year-old good driver in CA; individual premiums will vary.
Travelers is especially cheap for young drivers in particular. That’s because Travelers has special savings opportunities for drivers in this category, such as discounts for students who maintain at least a B average.
Your final premium is based on a variety of factors, though, such as your driving record, insurance history, and more. Every insurance company determines their rates differently, so even though Travelers is among the cheapest car insurance companies, the only way to confirm you’ve found the lowest price is to compare quotes from multiple companies.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.