Car insurance phased review for 2022

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Progressive is one of the big names in auto insurance. The company is the third-largest auto insurer in the United States and covers millions of drivers each year. But, do you know enough about Progressive and its auto insurance?

Is the company as reliable as its advertisements claim? How much will Progressive auto insurance cost and does it offer decent discounts? We answer these questions and more in this review.

Types of Auto Insurance Coverage with Progressive

Progressive provides the common types of auto insurance coverage as well as a few extras. Below are the main types of coverage:

  • Responsibility
  • Collision
  • Full
  • Medical payments
  • Injury Protection (PIP)
  • Underinsured / Uninsured Motorist Coverage (UM / UIM)

You can find additional coverage below. These add-ons are some of the reasons for the positive reviews of Progressive:

  • Roadside assistance: Includes towing, flat tire change, lockout services and fuel delivery.
  • Amortization of the loan / lease: Unlike GAP insurance, this supplement will cover up to 25% of your car’s current market value.
  • Rental car reimbursement: This option covers $ 30 to $ 50 per day for a rental car in the event your car is destroyed or ends up in the store as a result of an accident.
  • Value of custom parts and equipment: Covers replacement items that you have added to your car.
  • Carpool coverage: For Uber and Lyft drivers, this insurance option extends your coverage while driving or waiting.

What are the advantages of purchasing progressive auto insurance?

To decide if Progressive is right for you, start by looking at the benefits.

Overall, a progressive policy is a good choice for high risk drivers, especially following a DUI citation. The insurer is also available nationwide and getting a quote is easy.

Can you save on your auto insurance with Progressive? According to the company, she says drivers can save about $ 700 on average on their policy. Here are some of the discounts offered by the company:

  • Multi-policy: Save 5% with this discount.
  • Multi-car: Save around 4% by adding another car to your policy.
  • Continuous assurance: Get a discount if you don’t have a break in insurance or cancellation.
  • Good student: Having a student on your policy with an A or B GPA can save you money; around 10%.
  • Distant student discount: This discount is for the addition of a full-time student who lives more than 100 miles from your policy.
  • Owners: Owners get 10% discount.
  • Online quote: Save around 7% by getting a progressive quote online.
  • Sign online: Save 9% for signing your documents online.
  • Without paper: Reduce your payment by receiving your documents by e-mail (the discount only applies in combination with the online sign discount).
  • Pay in full: Pay your policy six months in advance and you’ll get a discount.
  • Automatic payment: set up automatic debits from your current account to save money (cannot be combined with the discount in the event of full payment).
  • The Snapshot® driving program: Another way to save money is to use this program, which tracks your driving habits and rewards you for driving safely. Progressive claims that drivers using the app save an average of $ 146 per year. You earn around $ 50 for the simple registration.

Progressive auto insurance costs

When rating customers, Progressive takes a wide range of factors into consideration, including how many kilometers you drive your vehicle per year. According to advised, if you drive your car between 12,000 and 15,000 miles per year, Progressive costs an average of $ 179 per month for your insurance premium. In a study by the Federal Highway Administration of the Department of Transportation, the average person traveled 14,263 miles per year in 2019.

RELATED STORIES: Average Miles Traveled Per Year: Why It Matters

Savvy collects data from current consumer policies, including information on rates, age, marital status, and other demographics. The statistics provide a representative sample that serves as a general guide. Learn more about Savvy’s methodology.

Let’s take a closer look at how other demographic factors play into auto insurance.

Progressive Auto Insurance – Average Annual Rates
age range Genre Civil status Value
18 to 24 female married $ 2,738.31
18 to 24 female Single $ 2,700.56
18 to 24 Male married $ 2,917.96
18 to 24 Male Single $ 2,843.85
25 to 34 female married $ 2,260.77
25 to 34 female Single $ 2,156.00
25 to 34 Male married $ 2,261.31
25 to 34 Male Single $ 2,252.73
35 to 49 female married $ 2,579.65
35 to 49 female Single $ 2,197.95
35 to 49 Male married $ 2,415.30
35 to 49 Male Single $ 2,073.35
50 to 69 female married $ 2,769.00
50 to 69 female Single $ 2,562.33
50 to 69 Male married $ 2,738.71
50 to 69 Male Single $ 2,410.07
70 or more female married $ 2,460.19
70 or more female Single $ 2,627.00
70 or more Male married $ 2,583.03
70 or more Male Single $ 2,514.97

Source: Savvy

What other factors play a role?

Beyond annual miles per year, age, gender, and marital status, insurance companies take a variety of factors into account when making quotes for current and potential customers, such as location, driving history, credit history, etc.

RELATED STORIES: 9 Factors That Affect Auto Insurance Rates In 2022

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Living near a busy accident-prone intersection or in a large city with high crime rates will affect your auto insurance rates. Likewise, small towns with low crime rates generally have cheaper auto insurance.

According to Savvy, the states with the cheapest insurance rates are Maine, Hawaii, Idaho, Wyoming, and Iowa. The places with the highest auto insurance rates are New York, Rhode Island, Washington, DC, Maryland, and Louisiana.

DUI

Progressive is actually one of the most favorable businesses for individuals as a result of a DUI quote. According to Zebra, you can expect your policy to increase by only $ 400 as a result of a DUI. People without DUI can expect to pay an average of $ 1,604 per year, while those with this quote can expect to pay $ 2,004 per year

However, Progressive does not offer the most affordable rate itself, as its policies are expensive to start with. It is also something to keep in mind.

Car accidents

Although his penalties for DUI citations for Progressive are very low, those for responsible car accidents are not. Progressive auto insurance is one of the most expensive in the country for drivers who have caused a collision or other accident.

Following an auto accident, policyholders with Progressive can expect their rates to drop from $ 1,604 without an accident to $ 2,174 in the first year after the offense. The second year your premium is $ 3,941 and the third year is $ 5,110.

Accidents remain on the driver’s record for at least three to five years.

Credit history

Auto insurance companies check an individual’s credit history for auto insurance policies. Risk assessors believe that a driver’s credit history is indicative of a person’s driving habits and the likelihood of having an accident. This is why people with poor credit scores pay much more, sometimes more than double, than a driver with excellent or exceptional credit scores.

Based on data from Zebra, a person with an exceptional credit score will pay an average of $ 1,349 for auto insurance, which is lower than the average US rate of $ 1,600. That number jumps to $ 2,895 for people with very bad credit scores.

Four states – California, Michigan, Massachusetts and Hawaii – have taken action to ban the practice. In these states, it is illegal for insurance companies to take an individual’s credit history into consideration when calculating their insurance premiums.

What does customer satisfaction look like at Progressive?

Many people find progressive premiums affordable. Yet progressive opinions vary when it comes to customer service. This is a problem common to most insurers.

JD Power can give us a more in-depth look at the overall satisfaction of Progressive customers by region. In their 2021 JD Power study of auto insurance in the United States, they interviewed just under 40,000 people with auto insurance and considered the following categories in their ranking: billing process and information about policies, claims, interaction, policy offers and prices.

According to the survey, Progressive ranks as follows:

Above average

Slightly above average

  • New England
  • Center-North
  • South West
  • Texas

Below average

  • Central United States
  • Florida
  • Mid-Atlantic
  • New York
  • North West
  • South East

Presentation of the progressive

Progressive knows how to write insurance premiums. In 2020, the company wrote more than $ 40 billion in insurance premiums, the National Associations of Insurance Commissioners (NAIC) said.

As a result, the financial strength of the company is strong. Progressive received an A + (superior) rating from AM Best for its financial strength and ability to cope with insurance claims.

But let’s take a step back and retrace the history of Progressive. The company was founded in 1937 and has grown steadily since. Did you know that progressive auto insurance was the first policy you could buy online in 1997?

Additionally, Progressive first introduced a usage-based insurance option in 2008, allowing policyholders to pay only for kilometers driven.

Progressive is popular with its auto and motorcycle insurance policies. These are also the strengths of the company. However, if you are looking for a cheap supplier, Progressive might not be the cheapest option.

Progressive auto insurance reviews studies show the claims process to be average. On the flip side, the company offers decent customer service and a range of discounts and features.

Before deciding which auto insurance provider to choose, check and explore several quotes. This way, you can check the rates and figure out which insurer and policy is best for you.

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