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LAST UPDATED: December 23rd, 2020

Travelers is a good insurance company if you're looking for renters insurance. Its coverage is competitive and it offers a fair number of discounts to help you save on insurance premiums. 

Travelers is a reliable insurer that has stood the test of time and has earned high financial strength ratings.

Top Ranked Companies


The Good

  • High Financial Strength Ratings
  • Standard Coverage Options
  • Improvements Coverage

High Financial Strength Ratings

Travelers has received high financial strength ratings, which means it is a reliable insurance provider. High financial strength ratings are common among top insurers because they indicate that the insurance provider is likely to be in a financial position to pay claims.

Standard Coverage Options

Travelers offers the standard renters insurance coverage options:

  • Property coverage
  • Personal liability coverage
  • Medical payments
  • Loss of use coverage (if your apartment becomes uninhabitable)
  • Valuable Items Plus (specific coverage for itemized valuable items)

With these coverages, you can find a renters policy from Travelers that meets your needs. 

Travelers also offers replacement cost coverage for your belongings. This coverage makes it easy to replace your items fully covered instead of just receiving the actual cash value.

Improvements Coverage

Travelers stands out as a renters insurance provider for offering coverage for improvements you make or acquire. With this coverage, you can apply up to 10 percent of your personal property coverage for improvements if you experience a covered loss.


The Bad

  • Few Customer Reviews
  • Limited Discounts

Few Customer Reviews

There are not many Travelers renters insurance reviews on Conclusions about customer satisfaction are not currently available because of the low review count.

Limited Discounts

Travelers offers three discounts with its renters insurance policies.

  • Multi-policy
  • Claims-free 
  • Protective device (smoke alarm, security system, etc.)

These are common discounts for the industry.

Typically, insurers don't offer many discounts with their renters insurance policies. However, there are some that offer more than Travelers does.


The Bottom Line

Although more discounts and insight on the customer experience would be nice, a Travelers renters insurance policy is worth exploring further. It has earned high financial strength ratings and offers competitive coverage.

Travelers sets itself apart by allowing policyholders to use part of their personal property coverage to protect improvements they've made to their unit.

Travelers may be an especially good fit if you plan to make improvements to the home you're renting.

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Logan Cook Vienna, VA

We utilize Travelers for Renter's Insurance, and while we've never need to utilize it, we consistently hear great feedback from many leasing companies.

5 years ago