Progressive has three slogans that everyone knows. The first slogan is “Name your own price.” The second slogan is “Think easier think Progressive.” The last slogan that you should know and the one that we are going to talk about most is “You could save hundreds on car insurance.” Although many insurance carriers make this claim, I have found that on average this is true with Progressive.
Many people are wondering why is Progressive so cheap? Living in Florida I’ve been able to get low rates with Progressive. With that said, no insurance rates are the same. You may be able to find lower rates elsewhere. Some companies might offer a discount that might drop your rates significantly. This is why it is imperative that you compare insurance quotes.
Progressive car insurance rates in your state might differ.
Progressive beats the national car insurance average by around $300 making it one of the cheapest car insurance companies in the U.S. The cheapest states to use Progressive are Alabama, Iowa, and Idaho. However, drivers in other states have been able to take advantage of Progressive’s competitive insurance rates.
In 2017, the average car insurance per month rates at Progressive were $116 in South Dakota. In California, the average monthly rates were around $180 in California, which is an awesome deal. Remember, these are average prices. Low-cost states such as Idaho, Indiana, Iowa, Kansas, Maine, Minnesota, Montana, North Carolina, North Dakota, Ohio, Oklahoma, Wisconsin, and more were able to receive monthly insurance rates of around $137. Medium-cost states such as Alaska, Arizona, Alabama, Illinois, Kentucky, Mississippi, Nevada, Oregon, Tennessee, Utah, and West Virginia were able to receive rates of around $167 a month. We have to always remember that insurance rates differ for every driver. Your driving history, age, and gender all play a role in how much you will pay for car insurance. Auto insurance for veterans and auto insurance for ladies is usually less than the standard driver. There are many discounts that you may be able to take advantage of.
Progressive car insurance is cheap overall.
Progressive has been known to insure and give better quotes to high risk drivers than other insurance companies. They took advantage of a market that some companies won’t touch. Progressive also offers less agents than insurance companies such as State Farm. When an insurance provider cuts the cost that means customers can enjoy cheaper premiums. Every insurance carrier structures their rates differently and Progressive has structured their rates to what best fits them. I know someone who owns a 2014 Chevrolet Cruze. The person has a good driving record and they were able to cut their insurance rate in half by switching to Progressive. On average, some companies are more expensive than others.
Discounts are another reason why Progressive customers pay less on auto insurance. Progressive has a large number of discounts that can help you save.
SnapShot – The first discount that I would like to talk about is Snapshot. Snapshot is more than just your average discount. With SnapShot, you will be able to save depending on well you drive. Safe driving helps you to save and even safer driving helps you to save more. The SnapShot usage-based system takes various things into consideration such as hard braking, rapid accelerations, late night driving on the weekends, and the miles that a person drives. On average Progressive customers are able to save over $100 with SnapShot.
Safe driver – It pays to be a safe driver. Progressive generously rewards their safe drivers with an insurance discount of up to 31%. Those who have had no tickets or accidents for the past three years will qualify for this insurance discount.
Continuous insurance – This is one of my favorite insurance discounts because it is so easy to qualify. If you have had active insurance for 2 or more years with no gaps, then you will be able to qualify. The company that you have used continually does not have to be Progressive.
Name Your Price Tool – This Progressive tool is not an insurance discount. However, it does make life easier for those who need auto insurance. If you are a beginner and everything seems foreign to you, then the Name Your Price Tool is perfect for you. This tool allows you to jump straight to the insurance rate that you desire.
Other discounts – Drivers can also save by bundling home and auto insurance policies. When you bundle policies with Progressive, then you will be able to save 5% or more. You can also save with their teen driver discount, good student discount, homeowner discount, multi-car discount, and more.
Drivers with accidents
Progressive’s car insurance rate is over $400 cheaper than other insurance carriers for drivers who have a car accident on their record. If you have a bad driving record or if you are considered a high-risk driver than Progressive might offer you more favorable rates. Why is insurance so expensive for drivers with a bad driving record? Insurance providers are more afraid of drivers who are considered to be high risk because they are more likely to be involved in a car accident and file an insurance claim. On average high-risk drivers have a higher pattern of filing claims more than drivers with a clean record.
Is Progressive worth it?
I know people who have been using Progressive for 10+ years and have had no issues when they filed claims. Many people assume that cheap insurance is a good indication of how an insurance company does when handling claims, which is not true. Many cheap insurance companies such as GEICO or Progressive do well in claims and there are many overpriced companies who you should never even think of using. Progressive received 3 out of 5 Power Circles in Overall Satisfaction in the latest J.D. Power Auto Claims Study. Progressive received 3 out of 5 Power Circles in every category except for the Rental Experience category. In this category Progressive receive 4 out of 5 Power Circles. Progressive received an “A+” in financial strength from A.M. Best and they have over $30 billion in assets. A high financial strength rating tells us a lot about an insurance company. It allows us to know if an insurance company has the assets to pay our claims. Progressive received an “A+” rating from BBB. Progressive is definitely worth it!
Bottom Line
The Progressive Corporation has over 10 million insured policies. They are an affordable proven company with a great financial strength rating. Progressive has different expenses than other companies which results in cheaper insurance rates for their customers. Progressive might be the cheapest in your area or it might not be the cheapest in your area. I recommend that you compare insurance quotes in your city today to get the best prices.