Why Is Travelers So Cheap? (2024)

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 $74 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.

Average Monthly Rates for Travelers vs. Top Competitors

Company

Minimum Coverage

Full Coverage

Travelers

$74 per month

$293 per month

State Farm

$86 per month

$293 per month

Progressive

$86 per month

$337 per month

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.

To learn more, check out WalletHub's review of Travelersand seeTravelers' full profile.

This answer was last updated on 01/26/24 and it was first published on 06/13/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

Why Is Travelers So Cheap? (2024)

FAQs

What are the benefits of traveling cheap? ›

8 reasons why budget travel is the best way to do it
  • You Experience Local Life. ...
  • You're less of A Target For Chancers. ...
  • You gain a sense of freedom. ...
  • You Travel For Longer. ...
  • You Learn The true Value Of Money. ...
  • Everyone Shares. ...
  • Your Feet Stay On The Ground. ...
  • It's Challenging.
Sep 5, 2017

Why do people become travelers? ›

Many leisure tourism trips are taken where the main purpose is relaxation, rest and enjoyment. Such trips are called holidays. Most holidays are taken in family groups, couples or with groups of friends. Sometimes, people may choose to go on holiday by themselves to be on their own, or perhaps to meet new friends.

Why do people value travel so much? ›

Travel gives us our greatest stories, our most cherished memories and countless irreplaceable learnings that we can choose to pay forward to others. It teaches us about ourselves and each other, it broadens our horizons and, just like a reset button, it forces us to refocus on what really matters.

What are the benefits of travel? ›

Top 10 Benefits of Travelling Often
  • A Relaxing Break.
  • Increases Organisation Skills.
  • Improves Communication Skills.
  • Learn About New Culture.
  • Understand Yourself More.
  • Possible New Opportunities.
  • Travelling Humbles You.
  • Motivates You.
Jun 19, 2024

What is the cheapest means of travel? ›

Waterways are the cheapest modes of transport.

What are the disadvantages of travel cost? ›

The travel cost method is limited in its scope of application because it requires user participation. It cannot be used to assign values to on-site environmental features and functions that users of the site do not find valuable. It cannot be used to value off-site values supported by the site.

What do Travellers do for money? ›

Some of the better known areas of work that Gypsies and Travellers are involved in include seasonal agricultural work, motor trading and tree-felling. Some are employed as academics, teachers and public servants and in this way they add to the local economy.

What motivates travelers? ›

The former often includes motive, like the desire to escape day to day life (escapism) or to try and find something different (novelty seeking), whereas pull factors are specific attractions in destinations (read more about that later under Destinations' Offers).

Are Travellers happier? ›

A recent Washington State University study found out that people who traveled several times a year-even for just 75 miles from home- were 7% happier than those who did not travel.

Why is traveling worth it? ›

Travel creates meaningful relationships

They become places on the map to visit later on. These folks give you a glimpse outside your hometown circle of friends, and force you to take in new and refreshing perspectives, and ultimately realize that everyone is the same.

Is travelling important in life? ›

Ultimately, traveling is an amazing way to gain knowledge about the world while also developing ourselves on a personal level. The importance of travel in our lives cannot be overstated. It helps us build life experiences, teaches us gratitude, makes us more interesting, and enhances personal growth.

How can traveling transform you? ›

How Traveling Can Change Your Mindset
  1. It is life changing. Traveling has the power to change your life in many ways. ...
  2. It improves your mood. As soon as you step off the plane you're instantly excited, happy, carefree and lighthearted. ...
  3. It recharges you. ...
  4. It gives you a new perspective. ...
  5. It changes you for the better.
Jan 16, 2024

Why do so many people like traveling nowadays? ›

Your daily life can be boring at times. Travelling is something that will take you out of your comfort zone and will challenge you to try something exciting and different. Meeting new people and going to new places will give you the exposure you have been craving for. This is another reason why people love travelling.

What are two benefits for Travellers? ›

Improve Your Health. Travelling is healthy. It is healthy for your mind and your body. Travelling can mean being outside one's comfort zone, exploring new locations, being exposed to unknowns, new feelings, new scents, new people, all of which are great for your soul and mind.

Does Travelling Open your mind? ›

It increases self-awareness

Being more open to others also makes us more open to ourselves. A recent study showed that living abroad — and reflecting on your own values as you encounter unfamiliar situations and people each and every day — makes you more self-aware and less stressed.

Why is it important to have a budget for travel? ›

A travel budget helps you create a realistic list of expenses, whether you're in the planning process or saving up for a potential trip. You're less likely to be caught off guard by expenses and make the most of your trip if you learn how to budget a trip ahead of time.

What is a good budget for Travelling? ›

The average cost of a domestic vacation in 2023 was estimated at $283 per person per day, a total of $1,584 per person for a weeklong trip, by BudgetYourTrip.com, a travel expense website. That includes an average of $206 per night in a hotel room, $37 per day for transportation, and $46 a day for food.

What does it mean to travel on a budget? ›

This means either keeping expenses low or earning money while one travels. Important: in your quest to reduce expenses, do not steal or mooch from others.

Why you should spend money on travel? ›

Traveling helps us discover who we really are

Successfully trekking miles to a mountaintop, getting stranded in a foreign area & figuring out the way- these will actually strengthen your self-confidence and give you skills to deal with life better, as opposed to your material belongings.

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