The Travelers Companies is the legal name of an American insurance company, known more familiarly as Travelers Insurance. Travelers has its headquarters in New York City, and is incorporated in St. Paul, Minnesota. The company’s largest office is located in Hartford, Connecticut, where Travelers was founded in 1864, long before anyone ever heard of an automobile. The company’s initial focus was on travel insurance for railroad passengers (not to mention wagon train riders) in danger of being overtaken by Indians. Eventually, Travelers became one of the first insurance companies to offer policies on automobiles.
Today, The Travelers Companies has field offices in every U.S. state, as well as in England, Ireland, Singapore, China, Canada, and Brazil.
Travelers, famous for its red umbrella logo, has been included in the Dow Jones Industrial Average since June of 2009.
In 2012, The Travelers Companies reported revenues of more than 25.7 billion dollars, with assets totaling 104.9 billion dollars. In 2013, the company logged $3,178,692 in total premiums written, according to data found on insure.com. In terms of revenue, Travelers ranks 10th among insurance companies, holding approximately 2.1% of the total market share.
Travelers Insurance also ranks eighth on a list of the top ten best auto insurance companies in America, with rankings based on affordability, value of services, and responsiveness.
Travelers supports more than 20,000 independent agents and brokers worldwide. All employees are expertly trained at Travelers Claim University.
Travelers Insurance provides commercial, personal property and casualty insurance and services to businesses, government organizations, and individuals. The company offers three types of insurance: Personal Insurance, Business Insurance, and Bond & Specialty Insurance. Auto insurance is a type of personal insurance.
A typical auto insurance policy with Travelers can cover the costs associated with bodily injury to the driver and others also injured in an accident, as well as property damage liability, medical costs, and vehicle damage or loss resulting from events like fire, theft, and collisions. Other types of available coverage include gap insurance, towing fees, labor costs, and more.
You may also be eligible for more than 15 money-saving discounts, which may include safety feature discounts for installed airbags, anti-lock brakes, and anti-theft devices. Other discounts are offered for good driving records, good grades at school, and owning an energy-efficient hybrid vehicle, among other things.
Some car owners also get multi policy discounts when the auto insurance policy is combined with homeowners insurance, boat insurance, or any other policy issued by Travelers. A multi policy discount can save up to 20 percent on annual premiums.
The Travelers Companies also features a mobile app called “Auto Accident Help.” Unlike other insurance apps, this one does not provide you with any insurance card information or allow you to pay your bill. Instead, it offers a very thorough claims reporting function that walks you through every step of the claim reporting process.
Some Travelers car insurance policy holders use IntelliDrive, an increasingly popular usage-based insurance program that monitors driving habits and reports them back to the company. This way, the insurance company can assign premiums based on individual risk factors, rather than a rough, impersonal estimate derived from the data of millions of other drivers.
Travelers Insurance obviously aims for the optimal convenience of its policy holders. Driving the point home is their super user-friendly website, characterized by easy navigation, swift quotes, and plenty of contact info. They even have a highly visible Ask-Me-A-Question button.
This information should ease your mind, so you can insure your car with confidence. The Travelers Companies has been in business for more than 150 years.