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 insurance is not the cheapest auto insurer and is typically only cheaper than average for those with a DUI or other higher risk factors on their record.
Why is Progressive quote so low? ›
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.
Does Progressive raise rates after 6 months? ›
Your Progressive rates may increase after six months depending on a number of factors. Like other car insurance providers, Progressive will typically raise your rates if you receive a speeding ticket or moving violation, cause an accident or make comprehensive insurance claims.
What is better Geico or Progressive? ›
Our verdict. Both Geico and Progressive offer competitive average premiums for drivers, but if cost is your primary consideration, Geico has the edge. Its average rates tend to be lower than the average rates offered by Progressive, and the company's extensive discount list may help you save even more.
Who has the least expensive car insurance? ›
The top 10 cheapest car insurance companies are Nationwide, Geico, State Farm, Travelers, Progressive, AAA, Allstate, Chubb, Farmers and USAA.
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.
Is Allstate cheaper than Progressive? ›
When comparing Allstate vs. Progressive, we rate Progressive higher in several review categories and have found that it's a cheaper option for most drivers. Progressive has comprehensive coverage offerings and mostly positive customer reviews, although Allstate scores better during the claims process.
How to negotiate with Progressive? ›
How Should You Approach Progressive?
- Analyze your full claim to identify all sources of compensation.
- Gather medical records and objectively assess the extent of injuries.
- Inspect vehicle and property damage to document claim scope properly.
- Challenge any unjust liability denials or premature conclusion of claims.
Progressive is tied with Erie for the No. 9 spot in our rating of the best car insurance companies. It has the sixth-cheapest average rate among the companies we analyzed, with a sample premium lower than the national average.
In general, car insurance companies charge male drivers more for coverage because they're more likely to get into accidents. But while most states allow insurers to consider gender when setting rates, your age, location, insurance provider and driving record usually make a bigger difference.
What is the most expensive car insurance coverage? ›
Our research on average rates found that Dodge tends to be the automaker with the most expensive coverage and that the Dodge Charger has the most expensive car insurance of any model.
Does Progressive have a good reputation? ›
Progressive Insurance Review
Progressive is rated 3.9/5 by WalletHub's editors, based on sample quotes, reviews from customers, and ratings from J.D. Power. Progressive customer reviews highlight the company's low prices, but they also describe poor customer service experiences and lackluster coverage at times.
Why is Progressive so expensive now? ›
Other potential reasons why your Progressive premium went up include factors out of your control, such as increased claims in your ZIP code. In addition, recent trends have driven up auto insurance costs across the board, not just for Progressive. For instance, inflation has increased...
Why did my car insurance go up when nothing changed? ›
If your car insurance goes up for seemingly no reason when you renew your policy, it's likely due to an increase in risk that's outside of your control. This could include reasons like increased claims in your area (due to more extreme weather damage, more accidents, etc.) and higher car repair and replacement costs.
How much do you save with Progressive? ›
How Much Can You Save With Progressive Snapshot? You can earn a Snapshot discount when you renew your Progressive auto insurance policy, usually after six months of using the program. According to the Progressive website, drivers who qualify for a Snapshot discount save an average of $156 per year.
Is Progressive the most expensive insurance? ›
In fact, Progressive is one of the 10 cheapest insurers nationally, according to WalletHub's analysis. Even though Progressive offers cheaper-than-average rates, its premiums can get expensive for drivers with certain characteristics.
Why is Progressive Insurance so expensive? ›
If you buy directly from a Progressive company, your car insurance price reflects the cost of staffing and maintaining the sales centers, and a larger portion of our marketing costs.
