Low Cost Advisor

February 6, 2022

Progressive Car Insurance Review – Low Cost Advisor

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Progressive Car Insurance Rate Comparison for Good Drivers

Progressive has middle-of-the-road car insurance rates for drivers with clean driving records when compared to top competitors. Progressive car insurance is cheaper than Allstate and Farmers on average, but more expensive than Geico and State Farm when it comes to good drivers.

Even great drivers will find that rates vary considerably among insurance companies, so shopping around can pay off.

Progressive Car Insurance Rate Comparison for Drivers With a Speeding Ticket

Progressive has high rates for drivers with a speeding ticket compared to its competitors. One speeding ticket increases a Progressive car insurance policy by more than $500 on average, according to a Low Cost Advisor analysis.

It’s wise to shop around for car insurance after you get a speeding ticket or into an accident. As you see below, rates vary significantly among insurance companies. That’s because they have different methods for assessing risk and for pricing policies.

Progressive Car Insurance Rate Comparison for Drivers Who Caused an Accident With Injury

Progressive auto insurance customers pay more than $1,000 on average after they cause an accident with an injury. That’s a much higher increase than State Farm, which only increases rates by about $300 after the same situation.

There’s much more that goes into car insurance than how much your rate increases after an accident. For instance, you should take into account the company’s customer service record and how well you match up with their discounts, so don’t drop your insurance company strictly on how much it increases rates.

Progressive Car Insurance Rate Comparison for Drivers With a DUI

Car insurance companies differ greatly when it comes to calculating rates after a DUI. Some insurers like Geico may more than double your car insurance rates. However, others like Progressive may only increase rates by a few hundred dollars.

Our analysis of national rates found that Progressive increases premiums $528 on average for drivers with a DUI. That’s the cheapest average rate increase after a DUI compared to its competitors and second lowest overall rate among top competitors.

Progressive Car Insurance Rate Comparison for Drivers With Poor Credit

Progressive charges much higher rates for drivers with poor credit compared to Geico, but it’s also in line with other competitors. Even with less than stellar credit, you can save on coverage by comparison shopping. The difference between the highest average rate for drivers with poor credit ($3,826) and the lowest ($1,679) is more than $2,000, based on a Low Cost Advisor analysis of large insurance companies.

California, Hawaii, Massachusetts and Michigan don’t allow insurers to consider a person’s credit history when determining car insurance rates.

Progressive Car Insurance Rate Comparison for Adding a Teen Driver

Adding a teen to a parents’ policy leads to one of the biggest rate hikes in car insurance. State Farm has the lowest average national rate increase—and even so increases average rates by about $1,000 annually.

Progressive charges nearly $3,000 more on average when a customer adds a teen to their policy, which is the highest average rate hike among top competitors. Make sure to ask about potential discounts when adding a teen, including good student discounts.

Progressive Car Insurance Rate Comparison for Young Drivers Ages 18 to 25

Younger drivers usually pay higher rates than drivers with more experience. Progressive is on the high end when comparing competitors’ rates for young drivers.

Insurers gauge risk on multiple factors and Progressive is one that puts more emphasis on a driver’s experience. The average annual rate for drivers between ages 18 and 25 is more than $3,600, which is more than double the average Geico rate for this age group.

Progressive Car Insurance Rate Comparison for Senior Drivers Age 65+

Progressive doesn’t set rates as high for senior drivers as it does younger drivers. The insurance company has middle-of-the-road average annual rates for drivers ages 65 and over. Geico and State Farm are much cheaper for this age group.

If you’re a senior driver and feel you’re paying too much for insurance, getting quotes from multiple companies is wise. You may be able to find a company that has lower rates or that offers senior driver discounts.

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