Many or all of the products here are from our partners. We may earn a commission from offers on this page. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page.
This auto insurer is a good fit for: Drivers willing to share information on driving habits to get discounts, as well as motorists looking for affordable premiums despite an accident history.
Monthly premium costs:
Progressive offers multiple ways for good drivers to save on premiums. Its unique Snapshot option allows motorists to download a mobile app that tracks their driving habits and reduces their rates if they're safe drivers. And users can sign up for a deductible bank, which reduces collision and comprehensive deductibles by $50 per month for each six months they go without making a claim.
When shopping for coverage, people can specify their budgets for auto insurance, and Progressive will display how much coverage they can afford to buy. This unique "Name Your Price" tool makes it easier to get affordable protection.
Progressive's insurance premium for a driver with an accident record is much lower than from many competitors, including Geico and State Farm.
Unfortunately, young people may pay a premium to get coverage from Progressive. Their policy premiums for an 18-year-old male were more expensive than from some other insurers including Geico.
J.D. Power and Associates ranks the customer service provided by insurers. Geico, Nationwide, and State Farm received top marks among large insurance providers, while Progressive didn't make the top three in terms of offering a satisfying purchasing experience.
When looking for an auto insurer who offers affordable coverage for young drivers: Geico shines when it comes to offering affordable premiums for young drivers, coming in cheaper than many other competitors. But keep in mind, Geico was more expensive than Progressive for motorists with an accident history.
Progressive is one of the more affordable insurers in most situations, especially for drivers with an accident history. But premiums for young drivers are an exception, with the insurer charging more than many competitors for a policy for an 18-year-old male.
|35y, female, clean record||35y, male, clean record||35y, female, one accident||18y, male, clean record|
Progessive offers many of the standard discounts available from most auto insurers. It stands apart for its Snapshot safe driver discount, which customizes premiums based on the information drivers share using its mobile app.
While some companies don't offer rideshare insurance, Progressive allows a driver to purchase it as an additional coverage option to protect them if they drive their vehicle for Uber or Lyft.
Most of Progressive's coverage options are pretty standard among insurers, but the company offers two unique features. Its custom parts and equipment coverage provides up to $5,000 in coverage for add-ons such as custom wheels, a fancy paint job, an after-market stereo, or similar upgrades. And its deductible savings bank allows drivers to reduce the deductible by $50 per six-month period when they don't have a claim on their collision or comprehensive coverage.
Progressive received an A+ rating from the Better Business Bureau, although the insurer is not BBB accredited. Unlike some competitors, however, it wasn't a customer favorite on J.D. Power & Associates research into customer purchasing experience or claims handling, unlike some competitors such as Amica Mutual.
But young drivers may want to consider Geico if they're looking for affordable premiums. And Amica Mutual is worth a look if a positive experience with claims is a top priority.
We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team. The Motley Fool has a Disclosure Policy. The Author and/or The Motley Fool may have an interest in companies mentioned.