Progressive Auto Insurance: How Much Does It Cost?

Progressive is one of the largest car insurance companies in the US, and its rates are highly competitive. The average cost of car insurance from Progressive ranges from $79.83 to $157.27 per month for a liability-only policy. Progressive's rates vary depending on the state, with low-cost states averaging $79.83 per month, medium-cost states $105.36, and high-cost states $157.27. Progressive also offers various discounts and safe driver incentives, such as their Snapshot® program, which can lower your premium.

Progressive's car insurance rates are based on your driving record, location, age, vehicle type, and more

Progressive's car insurance rates are influenced by a variety of factors, including your driving record, location, age, vehicle type, and more. These factors help determine the likelihood of claims and the subsequent cost to the insurer.

Your driving record is a significant factor in calculating your insurance rate. Accidents, traffic violations, and speeding tickets indicate a higher risk of future claims and will result in higher insurance premiums. The number of violations and accidents impacts your rate, with multiple occurrences leading to a higher increase. Additionally, at-fault accidents carry more weight than not-at-fault accidents, and some states allow insurers to increase rates even for accidents that are not your fault.

Your location also plays a crucial role in determining your insurance rate. If you live in an area with a high population density, you are more likely to experience car theft, vandalism, and other types of vehicle harm. As a result, you will likely pay more for comprehensive car insurance and auto collision coverage. Different states also have varying coverage requirements, which can affect your overall insurance cost.

Age is another important consideration. Younger drivers, especially teens, are considered higher-risk due to their lack of driving experience, resulting in higher insurance rates. Insurance rates generally decrease as you get older, stabilizing around age 25. However, rates may start increasing again when you reach your mid-70s, as insurers may view older adults as riskier drivers.

The type of vehicle you own also impacts your insurance rate. The actual cash value of your vehicle, as well as its repair costs, theft rate, and likelihood of being involved in insurance claims, all contribute to determining your rate. For example, a sports car or a convertible may cost more to insure than a standard sedan.

Other factors that can influence your Progressive insurance rate include your vehicle usage, credit score (in states where it is permitted to be considered), insurance history, and the coverage options you choose. Additionally, economic factors such as inflation and supply chain issues can lead to industry-wide rate increases, affecting all insurance carriers, including Progressive.

Progressive offers a Good Student Discount to help lower the cost of insuring new drivers

Progressive is a well-known car insurance company that offers a range of discounts to help lower insurance costs, including for new drivers. One of these is the Good Student Discount, which is available to full-time students who are under the age of 23 and can maintain a B average or above. This discount is usually around 10% in most states and can be combined with other discounts to help reduce the cost of insurance.

The Good Student Discount is a great way for students to save money on their car insurance, especially when combined with other discounts offered by Progressive. For example, students who are away at school and don't have a car with them may also qualify for the Distant Student Discount, which provides a discount for full-time students aged 22 or younger who attend a school that is 100 miles or more from their home address.

In addition to these discounts, Progressive also offers a Teen Driver Discount for drivers aged 18 or under, which can help offset the cost of adding a teen driver to an existing policy. This discount applies after one year with Progressive.

Progressive also offers other ways to save on car insurance, such as through their Snapshot® program, which personalizes your rate based on your actual driving behaviour. The safer you drive, the more you can save. They also offer discounts for customers who have multiple policies with them, such as combining auto and home insurance, or auto and boat insurance.

Overall, Progressive offers a range of discounts and tools to help lower the cost of car insurance, making it a good option for new drivers and students who are looking for affordable coverage.

Progressive's average car insurance rates vary by state, ranging from $79.83 to $157.27 per month

In 2023, the average cost of a liability-only policy from Progressive was $79.83 per month in low-cost states, $105.36 per month in medium-cost states, and $157.27 per month in high-cost states. The cost of car insurance also depends on the specific requirements of each state, with some states requiring higher minimum coverage amounts than others.

Progressive offers a range of coverage options, including liability, comprehensive, and collision insurance, as well as additional coverage options such as emergency roadside service, rental car reimbursement, and rideshare coverage. The company also offers various discounts, such as multi-policy, multi-vehicle, and continuous insurance discounts, which can help lower the overall cost of car insurance for customers.

Progressive's car insurance rates are considered competitive, with the company being ranked as one of the 10 cheapest auto insurers in the country. Progressive's average annual premium is $549, which is lower than that of many other insurance providers. The company also offers tools such as the Name Your Price® Tool and the Price Compare Tool to help customers find the best rates.

Progressive offers a range of discounts, including multi-policy, multi-vehicle, continuous insurance, and safe driver discounts

Progressive offers a range of discounts to its auto insurance customers. These include multi-policy, multi-vehicle, continuous insurance, and safe driver discounts.

Multi-Policy Discounts

Progressive offers savings to customers who have two or more policies with the company. For example, if you carry auto and boat insurance, you can get a discount on one of those policies. You can also combine auto insurance with other policies like motorcycle or RV insurance, or even homeowners insurance. By bundling home and auto insurance, you could save an average of 7% on your auto policy.

Multi-Vehicle Discounts

Progressive also offers a discount for customers who have more than one vehicle listed on their policy. You can add any car belonging to a spouse, family member, or roommate to your auto policy, as long as it's kept primarily at your address. This can result in average savings of 12%.

Continuous Insurance Discount

Progressive rewards customers who switch from another insurer by honouring their previous continuous insurance history. The amount of the discount is based on how long you've been continuously insured and is applied upon your first policy renewal with Progressive.

Safe Driver Discount

Progressive's Snapshot® program personalizes your rate based on your actual driving habits. The safer you drive, the more you can save. On average, customers save $231 with this discount. Additionally, if you've had no tickets or accidents in the past three years, your policy price could be 34% less than customers with accidents or violations.

Progressive has a 3.9/5 rating from WalletHub editors and ranks in the cheapest 25% of insurance providers

Progressive is a popular insurance company that offers a range of insurance products, including auto insurance. The cost of auto insurance from Progressive can vary depending on various factors, including age, location, driving record, vehicle usage, and vehicle type.

Progressive has received a 3.9/5 rating from WalletHub editors, indicating that it is a good choice for those seeking auto insurance. One of the key advantages of Progressive is its competitive pricing. According to WalletHub data, Progressive ranks in the cheapest 25% of insurance providers, making it an attractive option for cost-conscious consumers. This affordability is further enhanced by the various discounts that Progressive offers, such as multi-policy, multi-vehicle, continuous insurance, and good student discounts.

In addition to its competitive pricing, Progressive also scores well in other areas. It offers a wide range of insurance types, including classic car insurance, commercial auto insurance, and rideshare coverage. Progressive also provides 24/7 claims support and has strong financial stability, with high ratings from credit rating agencies such as AM Best, Standard & Poor's, and Moody's.

However, Progressive's customer service has received some negative feedback, with reviews on WalletHub giving the company a rating of 2.5/5. Common complaints include unexpected premium increases, delays in payments, and unsatisfactory settlements. Despite this, Progressive is still considered a good insurance company overall, especially for those prioritising cost-effectiveness and seeking a variety of insurance options.

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