No, Travelers does not let you pay late, unless you live in a state like Washington or Florida with laws requiring that car insurance providers offer their customers a grace period. In other states, insurance companies are not required to extend a grace period for late payments to their customers. If you are even a day late in such states, Travelers can cancel your policy, though they are still required to send a cancellation notice.
Key Things to Know About Travelers' Payments
- You can make payments by calling the phone number located in the upper right-hand corner of your Travelers bill, online using Travelers payment portal, mailing Travelers Personal Insurance, and using the Travelers mobile app.
- You can set up automatic payments with Travelers.
- Travelers charges a fee for late payments, and the exact price depends on the state.
- Travelers is required by law to send you a notice before they cancel your policy.
- Travelers offers discounts if you pay your premium in full up front or you enroll in autopay.
- Travelers may offer the option to reinstate your policy after it has been canceled.
If the cost of your car insurance payments is an issue, there are several things you can do to reduce your premium. You can shop around with other companies for a cheaper quote, reduce your current coverage if possible, and ask your insurer about any discounts that you might be eligible for.
To learn more about saving money on car insurance, check out WalletHub's guide on how to lower your car insurance costs.
This answer was first published on 11/06/23. 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.
People also ask
How much does Travelers car insurance cost?
Travelers car insurance costs an average of $893 per year ($74 per month) for a minimum-coverage policy, which is less than the national average of $720 per year. The exact cost of auto insurance with Travelers depends on factors such as a driver's history on the road, age, state, and coverage limits. For example, full coverage insurance from Travelers costs an average of $3,518 per year.
Average Cost of Travelers Car Insurance by Category
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Why is Travelers so expensive?
Travelers is so expensive because car insurance is expensive in general, due to rising costs for insurers. But at $639 per year, the average Travelers car insurance policy is actually cheaper than coverage from most competitors. In fact, Travelers is one of the cheapest car insurance companies nationally.
Even though Travelers offers cheaper-than-average rates, its premiums can get expensive for drivers with certain characteristics. For example, teenagers pay an average of $1,372 per year for Travelers insurance, compared to $639 per year for...
How can I lower my Travelers car insurance?
You can lower your Travelers car insurance costs by taking advantage of Travelers discounts, opting for a higher deductible, and reducing your coverage, among other things. Travelers considers a variety of factors when calculating your premium, though some – like your age and location – are out of your control. Fortunately, you can take steps to influence other factors in order to lower your rate.
How to Lower the Cost of Car Insurance from...
