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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
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What insurance company is better than Travelers? Geico and Progressive are better than Travelers, based on factors like average premiums, number of discounts available, and customer service record. Of the 10 largest car insurance companies, only Geico and USAA are cheaper than Travelers, on average.
Travelers is owned by its shareholders, as it is a publicly traded company.
For instance, customers can buy Travelers homeowners and condo insurance policies from the Geico Insurance Agency. Travelers Insurance is owned by its shareholders, as it is publicly traded, and it does not have a parent company. On the other hand, Geico is a separate company that is owned by Berkshire Hathaway.
In April 1998, the Travelers Group merged with Citicorp to form Citigroup. However, the synergies between the banking and insurance arms of the company did not work as well as planned, so Citigroup spun off Travelers Property and Casualty into a subsidiary company in 2002, although it kept the red umbrella logo.
Is Travelers owned by Geico? No, Travelers is its own corporate entity separate from Geico. However, as an insurance broker, Geico partners with and sells insurance policies from several major insurers, including Travelers, Chubb, Liberty Mutual, and Homesite.
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Warren Buffett has owned shares of Geico stock since 1951, and Geico became a wholly-owned subsidiary of Berkshire Hathaway in 1996. Geico is the second largest auto insurer in the U.S. providing coverage for more than 28 million vehicles and over 17 million auto policy holders.

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