Compare Progressive vs. State Farm Auto Insurance in 2022
Our Progressive vs. State Farm auto insurance review compares rates, auto insurance coverages, discounts, and third-party ratings so you can make a confident decision about which auto insurance policy is right for you. Read now to secure cheap rates when you compare Progressive vs. State Farm auto insurance quotes for free in your area.
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Written by
Sara Routhier
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Reviewed by
Cynthia Lanctot
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UPDATED: Jul 15, 2021
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- Progressive and State Farm are two of the top ten companies in the auto insurance industry
- State Farm has the largest market share in the auto insurance industry
- State Farm is known for cheap rates, but it carries more expensive rates for policyholders with poor credit
- Progressive has more discounts
You’ve compared Progressive and State Farm based on everything from customer service to coverage and prices. Now you need one more piece of information to break the tie and tell you which company and auto insurance coverages are right for you. Look no further. Our Progressive vs. State Farm auto insurance review gets into the nitty gritty to help potential insureds to make an informed decision.
If you want to see if you can compare Progressive vs. State Farm auto insurance quotes in your local area, enter your ZIP code in the free comparison tool above to see if these two insurance giants pop up in your area.
Table of Contents
Who Provides a Cheaper Insurance Rate: Progressive or State Farm?
An insurance agent might tell you to run a quote with them. After all, your unique situation might turn the dial either way. The truth is both companies enjoy a large market share in the car insurance industry. So they can offer lower rates than a smaller company. Both offer comprehensive coverage options and accident forgiveness if you meet certain qualifications. When you throw in things like multi-policy discounts and account for location, age, and other factors, annual premiums are unique to the insured.
| Summary | Progressive Auto Insurance Stats | State Farm Auto Insurance Stats |
|---|---|---|
| Year Founded | 1937 | 1922 |
| Headquarters | 6300 Wilson Mills Road, W33 Cleveland, OH 44143-2182 | One State Farm Plaza Bloomington, IL 61710 |
| Available in how many states? | 47 | All States |
| Direct Premiums | $32.2 Billion | $41.1 Billion |
| Market Share | 12% | 16% |
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Both companies show a large market share in the car insurance industry. However, State Farm appears to be the stronger company with more direct premiums and a higher market share.
If you want a closer look at these companies, check out Progressive auto insurance review and State Farm auto insurance review for more information.
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How Can You Get the Cheapest Car Insurance?
One of the easiest ways to reduce your annual premium is by cutting your coverage. Unfortunately, this can backfire when you’re in an accident. If your deductible is too large or coverage too small, you could end up paying much more than you saved. Both State Farm and Progressive offer a number of insurance discounts to help you get around the normal challenges of insuring your family.
| Driving Record Summary | Progressive Monthly Auto Insurance Rates | State Farm Monthly Auto Insurance Rates |
|---|---|---|
| Clean Driving Record | $283 | $235 |
| With 1 DUI | $331 | $303 |
| With 1 Speeding Violation | $334 | $266 |
| With 1 Accident | $398 | $283 |
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State Farm car insurance rates are cheaper than Progressive regarding driving records. Progressive auto insurance rates are more expensive for driving records with an accident than DUI convictions.
How Does Credit Score Affect Cheaper Car Insurance?
Industry giants like Progressive and State Farm offer financial services to help insured clients. A poor credit score can have a bigger impact on your rates than you might realize. According to Experian, car insurance companies correlate credit score with risk in their driver profile.
In other words, a poor credit score is associated with a higher chance of claims. So expensive car insurance rates will follow. Good and excellent credit scores produce cheaper rates.
Let’s review how Progressive and State Farm calculate auto insurance rates by credit scores.
| Credit Score Summary | Progressive Monthly Auto Insurance Rates | State Farm Monthly Auto Insurance Rates |
|---|---|---|
| Good Credit (670-739) | $302 | $181 |
| Fair Credit Score (580-669) | $330 | $238 |
| Poor Credit Score (300-579) | $395 | $413 |
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State Farm is cheaper for fair and good credit scores. Policyholders with low credit scores are more likely to save with Progressive.
When your credit score improves, be sure to alert your auto insurance company about the change.
How Does Age Impact Coverage for Drivers?
Another factor that has a big impact on your car insurance policy is age. If you’re young, you have less experience. For insurance underwriters, this translates to a higher risk. If you’re above a certain age, you may have more vision issues, a slower reaction time, etc., again increasing risk. Industry experts track claims and connect them to different factors like age, and insurance companies set rates accordingly.
| Age, Gender, and Marital Status | Progressive Monthly Auto Insurance Rates | State Farm Monthly Auto Insurance Rates |
|---|---|---|
| Single 17-year-old female | $724 | $496 |
| Single 17-year-old male | $802 | $610 |
| Single 25-year-old female | $225 | $195 |
| Single 25-year-old male | $230 | $213 |
| Married 35-year-old female | $191 | $173 |
| Married 35-year-old male | $181 | $173 |
| Married 60-year-old female | $166 | $156 |
| Married 60-year-old male | $171 | $156 |
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Overall, State Farm is the cheaper company for types of drivers by age. With Snapshot, Progressive customers can save more, but it requires safe driving activity for a set period while being tracked.
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Who Gives the Biggest Bang for Your Buck on Coverage Types?
When you buy car insurance, you’ll notice a combination of numbers that look like this “25/50/25.” This is known as a coverage rule or coverage level. The lowest coverage level is known as the minimum auto insurance requirement, which varies by state.
If you need more on your coverage limit, you’ll need to increase your coverage level. However, it’ll cost you more money per month. Let’s see how higher coverage levels affect Progressive and State Farm auto insurance.
| Coverage Level Summary | Progressive Monthly Auto Insurance Rates | State Farm Monthly Auto Insurance Rates |
|---|---|---|
| High Coverage Level (100/300/100) | $363 | $288 |
| Low Coverage Level (Depends on State) | $311 | $255 |
| Medium Coverage Level (50/100/50) | $335 | $272 |
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State Farm wins again. Progressive’s monthly premiums are about $60 more. Ask about policy discounts to lower your total balance.
Does Commuter Mileage Increase Insurance Rates?
The more you plan to drive during your policy period, the more you’ll pay for auto insurance. Some car insurance companies won’t increase your rates based on commute mileage.
Do Progressive and State Farm charge more for more estimated mileage during your policy?
| Estimated Commute Mileage | Progressive Monthly Auto Insurance Rates | State Farm Monthly Auto Insurance Rates |
|---|---|---|
| 10 Miles Commute (6,000 miles/yr) | $336 | $265 |
| 25 Miles Commute (12,000 miles/yr) | $337 | $279 |
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Although State Farm is cheaper based on commute mileage, Progressive doesn’t increase your auto insurance rates that much. For comparative purposes, there’s a $1 difference between commute mileage.
Progressive vs. State Farm Auto Insurance Coverages
Now that you know about some of the factors that determine auto insurance, let’s see which company has more coverage options.
| Progressive Auto Insurance Coverages | State Farm Auto Insurance Coverages |
|---|---|
| Bodily Injury Liability | Collision Coverage |
| Property Damage Liability | Comprehensive Coverage |
| Comprehensive | Liability Coverage |
| Collision | Car Rental and Travel Expenses Coverage |
| Underinsured | Uninsured Motorist Coverage |
| Uninsured Motorist | Underinsured Motorist Coverage |
| Medical Payments | Medical Payments Coverage |
| Loan/Lease Payoff | Emergency Roadside Assistance |
| Rental Car Reimbursement | Rideshare Driver Coverage |
| Custom Parts and Equipment Value | |
| Rideshare Coverage | |
| Roadside Assistance | |
| Deductible Savings Bank | |
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When it comes to average rates for auto coverage, Progressive wins the battle. State Farm may be the cheapest company, but Progressive has a bigger selection of coverage options. The lowest rates are based on a combination of factors that changes for each individual.
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Progressive vs. State Farm Auto Insurance: Who Has More Discounts?
Many insurance companies offer a base premium. Then they list discounts that build a more affordable policy. In the next two subsections, we’ll explore the available discounts at Progressive and State Farm.
Progressive Auto Insurance Discounts
What discounts can you get at Progressive? Here’s a list of deals that you may qualify for at Progressive.
| Progressive Auto Insurance Discount List | Progressive Discount Values |
|---|---|
| Anti-Theft Device Discount | 5% |
| Continuous Coverage Discount | Varies |
| Defensive Driver Discount | Varies |
| Discount Finder | Varies |
| E-billing Discount | Varies |
| Good Credit Discount | 84% |
| Good Driver Discount | 26% |
| Good Student Discount | 10% |
| Home Owner Discount | Varies |
| Low Mileage Discount | Varies |
| Loyalty Discount | Varies |
| Military Discount | Varies |
| Multiple Policy Discount | 10% |
| Multiple Vehicle Discount | 30% |
| No lapse in coverage discount | Varies |
| Paid in full discount | Varies |
| Paperless documents discount | Varies |
| Passive Restraint Discount | 10% |
| Preferred payment discount | Varies |
| Prepay Discount | Varies |
| Provider Switch Discount | Varies |
| Signing documents when you buy online discount | Varies |
| Starting your auto quote online discount | Varies |
| Student Away at School Discount | 10% |
| teenSMART Discount | Varies |
| Youth Driving Discount | Varies |
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Progressive’s most effective discount is the good credit discount. When you stack discounts together, you can save hundreds per month.
If you have a Progressive car insurance policy already, use your Progressive login to see what discounts have been applied to your insurance account.
State Farm Auto Insurance Discounts
What about State Farm? What is the average cost? How much can you save when you stack discounts? Let’s quickly review the discounts at State Farm.
| State Farm Auto Insurance Discount List | State Farm Discount Values |
|---|---|
| Accident Free Discount | 15% |
| Anti-lock Brake Discount | 20% |
| Anti-Theft Device Discount | 15% |
| Claims Free Renewal Discount | Varies |
| Daytime Running Lights Discount | Varies |
| Defensive Driver Discount | 5% |
| Driving Habits Discount | 30% |
| Driving training discount | Varies |
| Good Credit Discount | 80% |
| Good Driver Discount | 25% |
| Good Student Discount | 25% |
| Home Owner Discount | Varies |
| Low Mileage Discount | 10% |
| Loyalty Discount | Varies |
| Mature driver discount | Varies |
| Military Discount | Varies |
| Multiple Policy Discount | 17% |
| Multiple Vehicle Discount | 20% |
| New Car Discount | 40% |
| Passive Restraint Discount | 40% |
| Senior Adult Discount | Varies |
| Student Away at School Discount | Varies |
| teenSMART Discount | 15% |
| Travelink Discount | Varies |
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State Farm doesn’t have as many discounts, but the savings you could get will slash prices.
Progressive vs. State Farm Auto Insurance Reviews
We’re almost done. Before you make your final decision, check out the pros and cons, third-party ratings, and both companies’ mobile app ratings. Consumer ratings are a key part of many consumer decisions.
Pros and Cons
Let’s start with the advantages and disadvantages of Progressive and State Farm.
| Progressive Pros | Progressive Cons | State Farm Pros | State Farm Cons |
|---|---|---|---|
| Provides non-standard auto insurance | Vehicles worth $150,000 or more can't get a Progressive policy | Easy to file a claim | Cost is higher for customers with poor credit |
| Pet injury is covered under collision insurance | Rates about average under J.D. Power | Cheap auto insurance rates | Has fewer discounts than most competitors |
| Various insurance options to bundle with auto insurance | Progressive quotes may check your credit | Good financial strength ratings | |
| Custom equipment and loan payoff policies | Excellent customer review ratings | ||
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Both companies check your credit score, but State Farm is still cheaper. However, State Farm doesn’t provide some of the same perks as Progressive.
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What are the financial strength and credit ratings?
The financial strength and credit ratings reveal how well Progressive and State Farm manage money and how they treat consumers.
Their performance is summarized into a singular score provided by financial strength and credit rating agencies. Let’s look at how Progressive and State Farm are graded.
| Agencies | Progressive Ratings | State Farm Ratings |
|---|---|---|
| AM Best | A+ | A++ |
| Better Business Bureau (BBB) | A | A+ |
| Moody's | Aa | Aa1 |
| S&P | AA | AA |
| NAIC Complaint Index | 1.33 | 0.98 |
| J.D. Power - Power Circle Ratings | About Average | Better Than Most |
| Consumer Reports | 87 | 89 |
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According to the ratings, State Farm outshines Progressive with superior grades across the board. However, they have equal grades under S&P.
Mobile App Ratings
Since smartphones are essential to the mobile app experience, auto insurance companies have invested a lot of time and money into making the perfect smartphone application.
Progressive and State Farm have entered the mobile app world and encourage customers to manage their accounts from their smartphones. But how’s the customer experience graded?
Apple App Store and Google Play Store concentrate their ratings on a star level and display it for their respective users. Let’s look at Progressive and State Farm’s mobile app ratings from iOS and Android.
| Smart Device Stores/Systems | Progressive Mobile App Star Ratings | State Farm Mobile App Star Ratings |
|---|---|---|
| Apple App Store (iOS) | 3 stars | 3 stars |
| Google Play Store (Android) | 4 stars | 4 stars |
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Progressive and State Farm have the same rating. Overall, they have a moderate rating on iOS and an above-average rating on Android.
To use these mobile apps, you’ll need to create a Progressive insurance login or State Farm login to access your policy information by phone, tablet, or desktop computer.
Progressive vs. State Farm Auto Insurance: What’s the bottom line?
When you look at the details of our Progressive vs. State Farm auto insurance review, you’ll see that State Farm is the better company. However, Progressive has more discounts, car insurance coverages, and provides cheaper credit-based car insurance.
Your auto insurance rates could be different. Enter your ZIP code in the free online quote tool to see how local area auto insurance quotes work for you – you may have the opportunity to compare Progressive vs. State Farm auto insurance quotes.