Compare Progressive vs. State Farm Auto Insurance in 2021
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 of the two car insurance companies is right for you. Read now to secure cheap rates when you compare Progressive vs. State Farm auto insurance quotes for free in your local area.
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UPDATED: Feb 10, 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 carries more expensive rates for policyholders with poor credit.
- Progressive has more discounts.
You’re getting closer to choosing from Progressive and State Farm, but now you need one more piece of information. Look no further. Our Progressive vs. State Farm auto insurance review explains which company is cheapest, compares auto insurance coverages, and displays third-party ratings.
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.
Progressive vs. State Farm Auto Insurance: Which company is the cheapest?
Before we start comparing Progressive vs. State Farm auto insurance rates, let’s look at a quick matchup for these two auto insurance giants.
|Summary||Progressive Auto Insurance Stats||State Farm Auto Insurance Stats|
|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|
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.
Which is cheapest by driving record?
One of the most significant factors of determining auto insurance is your driving record. A clean driving record can generate the cheapest rates at any auto insurance company.
But how does your driving record affect Progressive insurance and State Farm insurance? Let’s look at their rates based on driving records.
|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|
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.
Which is cheapest by credit score?
Did you know your auto insurance company will determine your policy by your credit score? According to Experian, car insurance companies correlate credit score to risk.
In other words, a poor credit score is associated with higher chances of filing claims, so expensive car insurance rates will follow. Good and excellent credit scores will 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|
State Farm is cheaper for fair and good credit scores, but Progressive is less expensive for poor credit policyholders.
When your credit score improves, be sure to alert your auto insurance company about the change.
Which is cheapest by age and gender?
Another factor that has a big impact on your car insurance policy is age. Auto insurance providers translate age as the driver’s experience. Therefore, car insurance for teens would be higher than average.
Why? Teens are new and less experienced drivers. But how expensive are rates for teens compared to older adults? Let’s look at the results.
|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|
Overall, State Farm auto insurance is the cheaper company. However, the trend continues at Progressive and State Farm. Teen auto insurance is much more expensive.
Which is cheapest by coverage level?
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 requirements.
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|
State Farm wins again. Progressive’s monthly premiums are about $60 more. Ask about policy discounts to lower your total balance.
Which is cheapest by commute mileage?
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. Let’s see.
|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|
Although State Farm is cheaper based on commute mileage, Progressive doesn’t increase your auto insurance rates that much. There’s a $1 difference between commute mileage.
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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|
|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|
|Deductible Savings Bank|
When it comes to coverage, Progressive wins the battle. State Farm may be the cheapest company, but Progressive has a bigger selection of coverage options.
Progressive vs. State Farm Auto Insurance: Who has more discounts?
Factors that determine auto insurance can impact your monthly premium, but discounts can block high prices and save you money. 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|
|Good Credit Discount||84%|
|Good Driver Discount||26%|
|Good Student Discount||10%|
|Home Owner Discount||Varies|
|Low Mileage 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|
|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%|
|Youth Driving Discount||Varies|
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? 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%|
|Mature driver 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|
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 there. Before you make your final decision, check out the pros and cons, third-party ratings, and both companies’ mobile app ratings. Progressive vs. State Farm reviews determine how well the company performs and how they treat customers.
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|
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.
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|
|Better Business Bureau (BBB)||A||A+|
|NAIC Complaint Index||1.33||0.98|
|J.D. Power - Power Circle Ratings||About Average||Better Than Most|
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|
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.
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Progressive vs. State Farm Auto Insurance: 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.