Name: Travelers
Item: Travelers
Rating: 1
Author: Les Masterson

Our Expert Take

Travelers had the highest prices for home insurance among the companies we analyzed. While coverage types like extended replacement cost are valuable, we think 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 circumstances if you decide not to rebuild your home, and provides other perks such as reimbursement for water backup of sewers and drains, tree removal and identity fraud expenses.
Low customer complaint level.

Cons

Highest rates among the home insurance companies we analyzed.
May have a banned dog list, depending on your state.

Table of Contents

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.
Medical payments coverage pays the medical bills of people who blame you for accidental injuries, without regard to fault. Coverage is typically in small amounts, often up to only $5,000.

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 of best home insurance companies can help you compare policies if you aren’t seeing the coverage that fits your needs.

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.

Home Insurance Complaints Against Travelers

Travelers’ home insurance has better-than-average complaint levels to state departments of insurance when compared with the industry average. These results can reflect high customer satisfaction.

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.