Progressive is so cheap because it offers a wide variety of discounts and gives consumers tools to acheive the best rates possible, such as Progressive's price comparison tool and their Name Your Price program. A minimum coverage policy from Progressive costs an average of $86 per month, and Progressive premiums can be made even cheaper by taking advantage of discounts such as continuous insurance discount and paperless discount. Plus, Progressive rewards customer loyalty with discounts for insuring more than one car and bundling multiple policies, such as home and auto.
Average Monthly Rates for Progressive vs. Top Competitors
Company | Minimum Coverage | Full Coverage |
Progressive | $86 per month | $337 per month |
State Farm | $86 per month | $293 per month |
Geico | $66 per month | $241 per month |
Note: Premiums are representative of a 45-year-old good driver in CA; individual premiums will vary.
Progressive is especially cheap for safe drivers in particular. That's because Progressive has special savings opportunities for drivers in this category, such as lower rates for drivers who have not had any accidents or tickets for at least three years.
Your final premium is based on a variety of factors, though, such as your driving record, insurance history, and more. Every insurance company determines their rates differently, so even though Progressive is among the cheapest car insurance companies, the only way to confirm you've found the lowest price is to compare quotes from multiple companies.
To learn more, check out WalletHub's review of Progressiveand seeProgressive's full profile.
This answer was first published on 06/13/23 and it was last updated on 01/26/24. 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.
FAQs
Progressive is so cheap because it offers a wide variety of discounts and gives consumers tools to acheive the best rates possible, such as Progressive's price comparison tool and their Name Your Price program.
Who is cheaper, Geico or Progressive? ›
Both Geico and Progressive offer cheap car insurance to drivers across the country. Geico's rates are typically lower overall, but Progressive tends to offer better prices to high-risk drivers. High-risk drivers are those with a recent DUI, at-fault accident or speeding ticket on their driving record.
How to get a better quote with Progressive? ›
See if Progressive can help lower your rate
- Go online. Customize your policy's coverages, limits, and deductibles. Quote car insurance online.
- Call us. Talk to a licensed representative who will guide you through every step of the process.
- Ask an agent. Get expert advice from an independent agent near you.
NAIC Insurance Claims Complaints Index: Progressive earned a score of 1.97 which is . 97 points above the national average. Even considering that they are a large insurer, this number shows lower customer satisfaction with their claims process.
Can I trust Progressive? ›
Full Review
Progressive earned 4.5 stars out of 5 for overall performance. NerdWallet's ratings are determined by our editorial team.
Is anyone cheaper than Progressive? ›
Geico and USAA are among the insurance companies that are cheaper than Progressive.
Who typically has the cheapest insurance? ›
The cheapest car insurance rate is $38 a month from Geico according to our research team's cost analysis of national average prices for minimum coverage. The top 10 cheapest car insurance companies are Nationwide, Geico, State Farm, Travelers, Progressive, AAA, Allstate, Chubb, Farmers and USAA.
Who is known for cheapest car insurance? ›
USAA, Nationwide, Travelers, Erie, Geico and Progressive are the cheapest car insurance companies nationwide, according to our analysis.
Is Allstate cheaper than Progressive? ›
In terms of car insurance costs, Allstate is more expensive than other top competitors like Progressive, Geico and State Farm. In the category of affordability, we rate Progressive 7.8 out of 10.0 stars and Allstate 7.4 out of 10.0 stars.
What is the golden rule at Progressive? ›
Golden Rule
We value and respect our differences, act with kindness and caring, and treat others as they want to be treated.
Tips to maximize your Snapshot discount
- Limit hard brakes and accelerations. Go easy on the gas and avoid slamming your brakes.
- Avoid late night driving. Limit trips between 12-4 a.m. on weekends, as the roads can be more dangerous then.
- Drive less overall. ...
- Stay off your phone.
If you notice your car insurance keeps going up each time you renew, it could be from rising car insurance rate trends over time. These are often caused by factors outside your control, like increases in the costs to repair and replace vehicles or increases in claims and claim severity in your area.
What insurance is better, Geico or Progressive? ›
Bankrate's insurance editorial team analyzed the latest rate data available from Quadrant Information Services and found that, on average, Geico is cheaper than Progressive for most driver profiles. Keep in mind, however, that your actual rate could look different from the average.
What is the lawsuit against Progressive? ›
The 69-page complaint filed on April 26 alleges that multiple car insurance companies — including the Progressive Corporation (“Progressive Insurance”), USAA and its affiliates — owed “duties of good faith and fair dealing to hundreds of thousands of California residents and businesses each year,” the complaint said.
Which car insurance is best? ›
| Car Insurance Company | Motor OD Claim Settlement Ratio FY23 | Network Garages |
|---|
| Liberty Car Insurance | 98.00% | 4,500+ |
| IFFCO Tokio Car Insurance | 95.80% | 4,300+ |
| Digit Car Insurance | 96.00% | Repair anywhere |
| Bajaj Allianz Car Insurance | 98.50% | 4,000+ |
20 more rowsProgressive Rates for Drivers with Poor Credit
Car insurance companies in most states use a driver's credit-based insurance score as one of many factors when determining premiums. For drivers with poor credit, Progressive's rates are nearly $1,200 less than the national average.
Who is bigger, State Farm or Progressive? ›
According to the National Association of Insurance Commissioners (NAIC), Progressive is the third-largest auto insurance provider in the U.S. behind State Farm and Geico. The company holds 13.7% of the market share and wrote more than $35.8 billion in auto insurance premiums in 2021.
