Travelers Homeowners Insurance Pricing and Services 2022

Highly customizable coverage to protect your most important investment: your home

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SecureScore™: 7.6 / 10 This rating is derived from our editorial team's research, hands-on product testing, and customer surveys.
Rob Gabriele https://www.safehome.org/author/rob-gabriele/

All travelers must eventually return home. And all travelers want to make sure that their home is protected from all perils and dangers, and to rest easy knowing that should the worst happen, they’ll be made whole again. You know who can do that? Travelers.

No, I don’t mean the buddies you spent a month backpacking through Peru with; I mean Travelers homeowners insurance. Travelers has been providing insurance for 165 years,1 and during that time, they’ve come to be one of the most well-trusted names in the industry.

But should you trust them to protect the fort? To answer that, I spent days digging into their policies and protections, and learning what it’s going to cost you. I’m covering it all here, but let’s first take a look at how Travelers ensures your home will be protected from anything life throws your way.

Pro Tip: Turn back now, traveler, if you live in Hawaii, Alaska, Louisiana, Florida, or West Virginia. Travelers homeowners insurance isn’t available in those states. A good place to start your search would be our list of the 10 best homeowners insurance providers of 2022.

Key Coverages

As one of the biggest names in the insurance industry, it’s no surprise that Travelers’ homeowners insurance policies are comprehensive. There’s more about these coverages in my in-depth Travelers review, but I’ll give you the Cliff’s Notes version here. A typical Travelers homeowners insurance policy includes:

  • Dwelling: Coverage for your home itself
  • Other structures: Coverage for other structures on your property like a shed or garage
  • Liability: Coverage for if someone is injured on your property and sues you
  • Medical payments: Coverage for the medical costs of someone injured on your property
  • Personal property: Coverage for your belongings
  • Living expenses: Coverage for if you need to stay somewhere else while your home is being repaired

Pro Tip: When you’re shopping for homeowners insurance, make sure your dwelling coverage is for the amount it would cost to rebuild your home today, not the price you bought it for.

When you’re shopping around for homeowners insurance providers — and I do recommend you shop around — you’re going to find that these coverages are all pretty standard across the board. However, where Travelers really stands out is the customizability of their standard packages and the additional coverages you can tack on to them. Let’s take a look at those.

Additional Coverages

One of my favorite things about Travelers is the various additional coverages you can purchase on top of your standard coverages. This allows you to customize your homeowners insurance policy, ensuring that you’re covering exactly what you need and nothing else. Some of these additional coverages include:

  • Content replacement: Rather than being reimbursed for only the depreciated value of damaged or stolen items, this coverage ensures all of your affected belongings will be replaced.
  • Additional replacement cost coverage: If your home is completely destroyed and needs to be rebuilt, this coverage ensures you won’t have to pay out of pocket, even if the cost exceeds your dwelling coverage limit.
  • Valuables: Your personal property protection goes only so far. If you have particularly valuable items, this coverage will raise the limit.
  • Identity theft: If your identity becomes compromised — and odds are, it might2 — this coverage will provide up to $25,000 to recover stolen funds and deal with legal ramifications.
  • Green replacement: This rider will cover the additional cost of selecting green materials in reconstruction or repair.

Pretty interesting stuff that goes beyond your run-of-the-mill homeowners insurance, huh? If this piques your interest, I definitely recommend heading over to Travelers’ online quote tool and taking a look for yourself. You might be surprised at how easy it is to tailor your coverages to your exact specifications.

And speaking of quotes, let’s get down to the big question: How much does Travelers homeowners insurance cost?

Travelers Home Insurance Rates

I’ll break it all down in just a bit, but the short answer is a little bit more than average — at least, that’s what I found myself, as well as in my research.

Travelers' online quote process

Travelers’ online quote process is fast and easy.

The Travelers policy recommended to me for a $350,000 home in Atlanta cost $114 per month, or $1,373 annually. Here’s what that coverage looked like:

Coverage for a $350,000 Home in Atlanta

Coverage Limit
Dwelling $280,000
Other Structures 10% of Dwelling
Personal Property 50% of Dwelling
Loss of Use 20% of Dwelling
Personal Liability $300,000
Medical Payments $2,000
All Peril Deductible $1,000
Additional Replacement Cost Protection 25% of Dwelling
Loss Assessment Coverage $5,000

Like I saw in my Geico homeowners insurance review, I wasn’t completely satisfied with the recommended coverages, so I tweaked them a little by boosting my dwelling coverage limit from $280,000 to $350,000, increasing the medical coverage, and adding identity theft protection. Once everything was said and done, my premium was $137 per month.

pro-tip: Travelers offers “basic” and “better” packages. Be sure to toggle between the two to see the differences between the premiums as well as the differences in the coverages.

Now this certainly isn’t the most expensive coverage I’ve seen — that would go to Farmers, which, to be fair, offers some of the best protection out there — but it certainly isn’t the most affordable, either. For a better understanding of exactly how these rates break down, let’s go to the chart.

Travelers Rates vs. Competitors

Now keep in mind that it’s very difficult to nail down an average premium for homeowners insurance. There are a ton of factors involved in determining the price, from the value of your home to where it’s located to the types of coverage included.3

However, by compiling my own data and quotes from across the internet, I’ve come up with this chart to give you a basic idea of where some of the major providers fall on the scale. Here’s the breakdown:

Estimated Monthly Rates by Provider

Provider Estimated Monthly Rate
Allstate $91.00
State Farm $110.00
Geico $123.50
Travelers $125.50
USAA $126.00
Farmers $227.00

Your experience might be different, but Travelers tends to be one of the pricier providers in my experience.

Pro Tip: When you’re shopping around, keep in mind the average homeowners insurance policy costs about $110 per month. Unless your circumstances are significantly above or below baseline, you shouldn’t be spending a lot more or a lot less than that.

That said, Travelers offers a few ways select customers can save on their premiums. Let’s take a quick look at those now.

Travelers Deals and Discounts

Like most major providers, Travelers wants to reward their most valuable customers by knocking a few bucks off their premiums. Here are the best ways to save on your Travelers homeowners insurance policy:

  • Claims-free discount: Haven’t made a claim in a few years? You’re probably entitled to a discount.
  • New homeowner discount: Purchased your home in the last year? You’re entitled to a discount.
  • Security and fire protection: Recently installed smoke detectors, sprinkler systems, home security systems, or other protective devices? You’re entitled to a discount.
  • Green discount: Is your home LEED-certified? You get 5 percent off your premium.
  • Multi-policy discount: Looking to purchase some other types of insurance policies? You’ll save on your total bill.

Pro Tip: Are you a member of the U.S. armed services? You might consider checking out my USAA review. They offer great coverage for our nation’s heroes.

That last one is important. Most providers offer some sort of bundling discount, so it’s important to think about your insurance needs holistically. If you need to cover more than just your home, take this money-saving tactic into consideration.

Other Policy Types Offered by Travelers

As you’d expect from an insurance provider that’s been around for over a century and a half, Travelers offers quite a few types of protections. These include:

  • Auto
  • Renters
  • Condo
  • Boat
  • Landlord
  • Motorcycle
  • Travel
  • Pet
  • Wedding and Event
  • Valuable Items

So that’s about all there is to know about Travelers’ homeowners insurance services and pricing. One question remains, though. Are they worth it?

Travelers bundle options

There are multiple bundle options available through Travelers

Overall Value

Like I said above, Travelers tends to be on the pricier side of the spectrum, but not so pricey that I’d consider it unaffordable. For the customizability and the additional coverages available, I think they might be worth the few extra bucks a month.

That said, if you’re working with a budget, you might be better off checking out one of the more budget-friendly options out there, like Allstate. While you won’t have as much control over what you’re getting, and the coverage might not be as comprehensive, you’ll notice a difference in the bottom line at the end of the year.

If you’re still a little confused, though, you might consider heading over to our homeowners insurance buyers guide. There you’re going to find everything you need to know to set you on the right path.

FAQ

Is Travelers homeowners insurance available everywhere?

Travelers homeowners insurance is available in 45 states and Washington, D.C. It is not available in Hawaii, Alaska, Florida, Louisiana, and West Virginia.

Is Travelers homeowners insurance affordable?

While Travelers isn’t the most affordable provider out there, it’s certainly not the most expensive, either.

Is Travelers homeowners insurance good?

Travelers is consistently rated highly by both credit rating agencies and customers.

Does Travelers homeowners insurance have good customer service?

The National Association of Insurance Commissioners says that Travelers insurance has fewer complaints than would be expected from a provider its size.

How do I file a claim with Travelers homeowners insurance?

You can file a claim with Travelers on their website, using their mobile app, or by calling 1-800-CLAIM-33.

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Citations
SafeHome.org only uses high-quality sources to support the facts within our articles. Read our editorial guidelines to learn more about how we fact-check and keep our content accurate, reliable, and trustworthy.
  1. Zippia. (2022). THE TRAVELERS COMPANIES.
    https://www.zippia.com/the-travelers-companies-careers-11536/history/

  2. Kuadli, Jennifer. (2021, Jan 6). 15 Insane Identity Theft Statistics to Keep in Mind in 2022. LegalJobs.
    https://legaljobs.io/blog/identity-theft-statistics/

  3. Coleman, Sara. (2021, Oct 1). Preliminary Semiannual Uniform Crime Report, January–June, 2019. Bankrate.
    https://ucr.fbi.gov/crime-in-the-u.s/2019/preliminary-report