Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations.
Our Verdict
Our Verdict
Travelers had the highest prices for home insurance among the companies we analyzed. While coverage types like extended replacement cost are valuable, you may be better off looking for a lower price elsewhere.
Pros
- Offers extended replacement cost options for your dwelling that provide 25% or 50% extra beyond your dwelling coverage amount if it costs more to rebuild your house.
- Platinum Plus coverage adds 100% to your dwelling coverage, offers a cash-out option under certain circ*mstances if you decide not to rebuild your home, and provides other perks such as reimbursem*nt for water backup of sewers and drains, tree removal and identity fraud expenses.
- Travelers has a very low customer complaint level.
Cons
- Highest rates among the home insurance companies we analyzed.
- May have a banned dog list, depending on your state.
Compare rates from participating partners via EverQuote's website.
1.0
Our ratings take into account a product's cost, features, ease of use, customer service and other category-specific attributes. All ratings are determined solely by our editorial team.
Home insurance rates
Very high
Complaints
Very low
Table of Contents
- Travelers Home Insurance Cost Comparison
- About Travelers Homeowners Insurance
- Travelers Insurance Banned Dog List
- Travelers’ Quantum Home 2.0 Insurance
- Travelers Home Insurance Discounts
- Methodology
Show more
Travelers Home Insurance Cost Comparison
Travelers had the highest average home insurance rates when compared to other top companies evaluated by Forbes Advisor.
| Company | Average home insurance cost per year for dwelling coverage of $350,000 | |
|---|---|---|
| Progressive | $729 | |
| Nationwide | $1,157 | |
| Erie | $1,256 | |
| USAA* | $1,270 | |
| State Farm | $1,298 | |
| Westfield | $1,344 | |
| Allstate | $1,395 | |
| Auto-Owners | $1,525 | |
| Chubb | $1,810 | |
| American Family | $2,020 | |
| Farmers | $2,035 | |
| Country Financial | $2,065 | |
| Shelter | $2,363 | |
| Travelers | $3,220 | |
| Average | $1,678 | |
| Source: Quadrant Information Services. *USAA home insurance is available only to veterans, military members and their families. | ||
About Travelers Homeowners Insurance
Travelers Insurance has been around for more than 165 years and sold its first policy for just two cents. Today, Travelers is the sixth-largest home insurance company in the United States.
Home insurance policies from Travelers have all of the standard coverage types that you would expect:
- Dwelling coverage pays to repair or replace damage to your home and attached structures, like a back porch or garage.
- Other structures coverage pays to repair or replace detached structures on your property, like a shed, gazebo or fence.
- Personal property coverage pays for personal belongings that get damaged or stolen, such as your furniture, rugs, clothes and appliances.
- Liability insurance pays for property damage and injuries to others, such as a guest who gets hurt on your property. It also pays for a legal defense in case you are sued because of an accident.
- Loss of use (also known as additional living expenses) pays for costs such as hotel bills, meals and services (like pet boarding) if you cannot live in your home due to a problem covered by your policy, like a tornado.
Several add-ons are available from Travelers such as:
- Contents replacement cost pays for the replacement cost of your belongings and does not factor in depreciation.
- Extended replacement cost options that pay more than your policy’s dwelling coverage amount if rebuilding costs exceed the policy limit.
- Green home coverage pays to repair, replace or rebuild your home with green materials if your home is damaged or destroyed due to a problem covered by your policy.
- Identity fraud coverage pays up to $25,000 for expenses to restore your identity.
- Jewelry and valuable items coverage offers higher limits and extra protection for valuables such as jewelry.
- Personal articles floater offers higher amounts of coverage for specific, high-priced items.
- Special personal property coverage offers broader protection for your personal items than a standard home insurance policy.
- Water backup and sump pump discharge or overflow pays for damages from water backups and overflowing sump pumps.
An umbrella insurance policy can be added to Travelers homeowners insurance, giving you additional liability protection beyond the limits of your homeowners and auto policies.
Related coverage from Travelers includes condo, renters and landlord insurance. Forbes Advisor’s list ofbest home insurancecompanies can help you compare policies if you aren’t seeing the coverage that fits your needs.
Related: Cheapest Homeowners Insurance Of 2024
Travelers Insurance Banned Dog List
You may be ineligible for home insurance from Travelers if you own one of these dog breeds: Akita, Alaskan Malamute, American Bull Terrier, American Staffordshire Terrier, Chow Chow, Doberman Pinscher, Mastiffs, Pit Bull, Presa Canario, Rottweiler, Staffordshire Bull Terrier, wolf hybrid or any mix of these breeds.
Travelers’ Quantum Home 2.0 Insurance
Quantum Home 2.0 is a flexible home insurance policy from Travelers that makes it easy to pick levels of coverage for a variety of insurance types. It includes dwelling coverage for rebuilding your house, then you pick from pre-set choices of coverage levels for personal property, liability, loss of use and more.
Then you choose among three coverage packages with pre-set coverage levels for theft of valuables, collectibles, business property and other items. And you can tack on a convenient bundle of other coverage types such as insurance for refrigerated items and tree removal.
Travelers Home Insurance Discounts
Looking for ways to save on your home insurance? Discounts can help. Here are some home insurance discounts available from Travelers:
- Green home discount of up to 5% if your house has been certified as a “green home” by the Leadership Energy and Environmental Design.
- Home buyer discount if you bought your house within 12 months of your policy’s start date.
- Loss-free discount if you haven’t experienced any claims on your home within a specified time.
- Multi-policy discount of as much as 12% off your home insurance when you have a car insurance policy and three other insurance policies, all with Travelers, such as umbrella, boat or a personal articles floater.
- Protective device discount if your home has devices such as a smoke detector, fire alarm, interior sprinkler system, home security system or smart home technology that alerts you to a fire or break-in.
Methodology
To find the best home insurance we scored companies based on these factors:
- Home insurance rates (50% of score): Based on average rates for each insurance company for homes with dwelling coverage of $200,000, $350,000, $500,000 and $750,000.
- Complaints (20% weight): Based on complaints about home insurance that were upheld by state insurance departments. Source: National Association of Insurance Commissioners.
- Availability of extended and/or guaranteed replacement cost coverage (20% of score): Extra dwelling coverage is valuable in the event of large disasters, when construction materials and labor costs tend to spike. We gave points to companies that offer either extended or guaranteed replacement cost coverage. Source: Forbes Advisor research.
- Banned dog lists (10% of score): Banned dog breed lists can make homeowners ineligible for coverage. (A company’s banned dog list might not be applicable in all states.) While any homeowners insurance company could potentially ban any dog with a biting history, not all put a ban on specific breeds. Source: Forbes Advisor research.
Helping You Make Smart Financial Decisions
Get the Forbes Advisor newsletter for helpful tips, news, product reviews and offers from a name you can trust.
Thanks & Welcome to the Forbes Advisor Community!
I agree to receive the Forbes Advisor newsletter via e-mail. Please see our Privacy Policy for more information and details on how to opt out.
Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circ*mstances. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Performance information may have changed since the time of publication. Past performance is not indicative of future results.
Forbes Advisor adheres to strict editorial integrity standards. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our partners.
Was this article helpful?
Send feedback to the editorial team
Thank You for your feedback!
Something went wrong. Please try again later.
 - Shopify Philippines)
