Progressive vs. State Farm Auto Insurance Review 2024 (Which is Better for You?)
This Progressive vs. State Farm auto insurance review reveals notable differences in premiums and ratings. Progressive auto insurance rates average $202 per month while State Farm insurance costs $112 per month. However, State Farm has better financial ratings (A++) from A.M. Best, compared to Progressive's A+.
Our Progressive vs. State Farm auto insurance review shows clear differences in auto insurance costs and coverage. Progressive costs about $202 per month, while State Farm is around $112 per month. This review compares rates, credit requirements, and ratings to help you choose the best option.
Generally, State Farm offers lower rates and better reviews, making it a better choice for most drivers.
Additionally, the process of comparing auto insurance companies can prove to be a little overbearing. To reduce the stress of this process, today we are going to be focusing exclusively on Progressive vs. State Farm auto insurance rates.
We will be covering both company pricing as well as company ratings today in our State Farm vs. Progressive Insurance review.
Prior to us diving into this Progressive vs. State Farm review, though, type your ZIP code into our free and helpful tool above to find affordable auto insurance quotes in your area.
- State Farm offers more affordable rates to men of various ages than Progressive
- State Farm offers more affordable rates to women of various ages than Progressive
- State Farm is preferred for its competitive pricing and strong ratings
Progressive vs. State Farm Auto Insurance Comparison: Coverage, Rates, and Discounts
When comparing Progressive vs. State Farm auto insurance, it’s important to consider several key points. Begin by evaluating the rates for Progressive auto insurance to see how they compare with other companies. As you compare auto insurance, focusing on both rates and coverage will help you determine which provider offers the best value for your needs.
For example, comparing Progressive rates in California shows how Progressive’s prices might change depending on where you live. Also, check Progressive vs. State Farm auto insurance in California to understand the differences in pricing and coverage between these two companies in that state.
Based on the comparison, State Farm consistently offers better rates and higher financial stability compared to Progressive, making it the superior choice for most drivers.
Kristen Gryglik Licensed Insurance Agent
Additionally, consider the State Farm vs. Progressive credit score requirements. Each company might have different rules about credit scores, which can affect how much you pay for insurance. Also, look at State Farm vs. Progressive premium rate to see which company offers a better deal based on your credit score and driving record.
Another crucial factor is coverage. Compare the Progressive vs. State Farm full coverage option to see what each company includes in their insurance plans. Also, review the credit rating for Progressive auto insurance and perform a Progressive price comparison to find out which company fits your budget and coverage needs.
Moreover, explore driving discounts with State Farm or Progressive to see how you might save money with each company. By carefully reviewing Progressive vs. State Farm for auto insurance coverage, rates, and discounts, you can make an informed choice about which auto insurance provider is the best fit for you.
Progressive vs. State Farm Auto Insurance Rates for Men
When you set out to compare auto insurance companies, you almost certainly would like to start with what is important to you. For many people, if not most, that would be companies’ pricing.
The following table shows the rates offered to men of various ages by the largest auto insurance companies, including Progressive and State Farm. These rates are for single 17 and 25-year-olds as well as married 35 and 60-year old men.
To compare affordable Progressive vs. State Farm auto insurance quotes, take a look at the table below.
Male Auto Insurance Monthly Rates by Age & Provider
| Insurance Company | Age: 17 | Age: 25 | Age: 35 | Age: 60 |
|---|---|---|---|---|
| Allstate | $684 | $360 | $327 | $345 |
| Geico | $1,140 | $302 | $286 | $280 |
| Liberty Mutual | $1,250 | $450 | $331 | $315 |
| Nationwide | $805 | $309 | $243 | $223 |
| Progressive | $1,113 | $276 | $210 | $202 |
| State Farm | $467 | $167 | $127 | $112 |
| Travelers | $2,288 | $160 | $142 | $142 |
| USAA | $919 | $249 | $171 | $163 |
As you can see, for single 17-year-old men, Progressive is over $7,600 more expensive per year than State Farm. For single 25-year-old men, the disparity lessens, but Progressive is still $1,300 more expensive than State Farm per year.
For married 25-year-old men, Progressive is a little less than a thousand dollars more expensive per month than State Farm. Finally, for married 60-year-old men, Progressive is about $1,100 more expensive than State Farm per year.
So, our Progressive vs. State Farm Insurance review seems to show that State Farm wins in terms of the rates offered to men of various ages. Let’s see if this holds true in terms of the rates offered to women.
Moreover, to determine which company offers more affordable rates to men in the Progressive vs. State Farm comparison, consider the question, Is State Farm cheaper than Progressive? Reviewing Progressive auto insurance in St. Petersburg, Florida can help you understand how Progressive’s rates compare in that location.
Additionally, looking at State Farm vs. Progressive reviews can provide valuable insights into customer experiences with pricing and overall satisfaction. By examining these factors, you can better assess which insurer offers the most competitive rates for men.
Progressive and State Farm Auto Insurance Rates for Women
We are now going to do something similar to what we did in the last section. This time, though, we will be analyzing the rates offered to women of various ages by companies including Progressive and State Farm.
Female Auto Insurance Monthly Rates by Age & Provider
| Insurance Company | Age: 17 | Age: 25 | Age: 35 | Age: 60 |
|---|---|---|---|---|
 | $579 | $348 | $333 | $330 |
 | $872 | $289 | $279 | $286 |
 | $801 | $331 | $331 | $315 |
 | $625 | $284 | $239 | $210 |
 | $990 | $270 | $221 | $204 |
 | $350 | $140 | $127 | $112 |
 | $1,447 | $144 | $140 | $143 |
 | $804 | $237 | $173 | $166 |
As you can see, for single 17-year-old women, Progressive is about $7,600 more expensive per month than State Farm. For single 25-year-old women, Progressive is about $1,600 more expensive per month than State Farm, effectively doubling their price for this category.
For married 35-year-old women, Progressive is over $1,100 more expensive per year than State Farm. Finally, for married 60-year-old women, Progressive is again about $1,100 more expensive per year than State Farm.
In short, State Farm wins again. Let’s wrap up with company ratings and see if State Farm can sweep this thing.
In addition, when comparing Progressive vs. State Farm to find out which company offers cheaper rates for women, start by looking at State Farm vs. Progressive auto insurance for renters.
This helps you see how each company’s rates and coverage for renters measure up. Also, check Progressive auto insurance in Seattle to understand how Progressive’s prices and coverage options compare in different areas.
To choose the best option, consider Progressive or State Farm based on their rates and coverage for women. By comparing these factors, you can determine which company provides better value and more affordable rates based on your location and insurance needs.
If you’re specifically seeking cheap car insurance rates, it’s important to evaluate both companies’ offerings, as Progressive and State Farm have different pricing structures. Your location and unique requirements will significantly influence which provider offers the most competitive rates.
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Progressive vs. State Farm Company Reviews
Before we wrap up for the day, we must stress the importance of company ratings from organizations such as A.M. Best and the Better Business Bureau.
A positive rating from one or both of these two rating organizations can give consumers confidence that an auto insurance company has and will continue to have financial strength.
The Better Business Bureau’s rating scale goes from the highest score of “A+” down to the lowest score of “F”. Progressive received the highest possible Better Business Bureau score of “A+”. With that being said, Progressive is not currently BBB accredited.
What score did the Better Business Bureau give State Farm? It turns out that not only does State Farm lack BBB accreditation, but they also lack a rating as well.
A.M. Best’s Financial Strength Rating (FSR) scale is slightly different in that it ranges from “A++” down to “D”. Not to mention, they actually have two different scales.
Let’s now take a look at a table that compares these A.M. Best Financial Strength Ratings.
A.M. Best Financial Strength Rating by Provider
| Providers (Largest-Smallest) | A.M. Best Rating |
|---|---|
| State Farm | A++ |
| Farmers Insurance | A |
| Berkshire Hathaway | A++ |
| Allstate Insurance | A+ |
| Auto Club Enterprises | A- |
| Mercury General | A+ |
| CSAA Insurance | A |
| United Services | A++ |
| Progressive | A+ |
| Liberty Mutual | A |
As you can see, Progressive has a very high rating of “A+”. With that being said, State Farm is more well-reviewed by A.M. Best, with the highest possible rating of “A++”.
A.M. Best also has what is called Long-Term Issuer Credit Ratings (Long-Term ICR). Whereas their Financial Strength Ratings are about an insurer’s financial strength as well as its ability to meet ongoing policy and contractual obligations, a Long-Term ICR is focused on the future. A Long-Term ICR can be issued on a long-term basis or short-term basis.
This scale goes from the high end of “aaa” (Exceptional) down to the low end of “c”. It’s a little confusing, so the scale goes like this: “aaa”, “aa”, “a”, “bbb”, “bb”, “b”, “ccc”, “cc”, “c”. A company can also score notches in their ratings, i.e. “aa+”.
State Farm received a rating of “a”. What long-term ICR did Progressive receive? They received a rating one full level higher of “aa”. So, for A.M. Best, it’s somewhat of a tie.
Subsequently, to decide which company is more well-reviewed in the Progressive vs. State Farm comparison, check their ratings and reviews. Start with the auto insurance rating scale, which rates insurance companies on their performance. Compare Progressive insurance rates with the ratings of each company.
For example, look at the Progressive A.M. Best rating in California and the State Farm A.M. Best rating in California to see how they perform in that state. Also, check the State Farm A.M. Best rating in Florida and the Progressive A.M. Best rating in Florida to see their ratings in another region.
Now that you’ve finished this Progressive vs. State Farm review, type your ZIP code into our free and helpful tool below to find affordable auto insurance quotes in your area.
Frequently Asked Questions
What is the difference in customer service between State Farm and Progressive?
State Farm is known for its extensive network of local agents providing personalized customer service. Progressive is recognized for its online tools and competitive pricing options.
Which company offers better rates, State Farm or Progressive?
State Farm generally offers lower rates compared to Progressive for most drivers. However, individual rates can vary based on factors like location, age, and driving history.
Are State Farm and Progressive the same company?
No, State Farm and Progressive are not the same company. They are two separate insurance providers that offer different types of coverage and have their own pricing structures, insurance policy premiums, and customer service approaches. State Farm is known for its extensive network of local agents, while Progressive is recognized for its online tools and competitive pricing options.
Is Progressive better than State Farm?
Is State Farm more financially stable than Progressive?
State Farm typically receives higher financial stability ratings, such as “A++” from A.M. Best, indicating strong financial strength and reliability. Progressive has a high rating of “A+” from A.M. Best.
Is Progressive cheaper than State Farm?
How do State Farm and Progressive compare in customer satisfaction?
State Farm generally receives higher customer satisfaction ratings due to its local agent network and personalized service. Progressive is noted for its online services and competitive pricing.
Are there significant differences in coverage options between State Farm and Progressive?
Both companies offer a wide range of coverage options. The main difference lies in how they are delivered—State Farm through local agents and Progressive through online platforms.
How do credit scores impact rates with State Farm and Progressive?
Both companies use credit scores to determine rates. Different credit score thresholds may apply, so it’s beneficial to check with each company to understand how your credit score affects your premium.
Which company is better for new drivers, State Farm or Progressive?
State Farm often provides more competitive rates for new drivers compared to Progressive. However, Progressive may appeal to new drivers who prefer managing their policies online.
Can I get a better deal on auto insurance if I have a good driving record with State Farm or Progressive?
Both companies reward good driving records with lower rates. However, the exact impact on your premium will vary depending on the company’s specific policies and discount offerings.
Does Progressive offer more discounts than State Farm?
Yes, Progressive offers more discounts compared to State Farm, especially with bundling car Insurance and renters insurance. Progressive provides various discounts for managing policies online and combining different types of insurance. On the other hand, State Farm offers discounts but emphasizes personalized service through agents rather than a wide range of online discounts and bundling options.
How do State Farm and Progressive handle claims processing?
State Farm typically handles claims through local agents who guide you through the process. Progressive offers an online claims process that is fast and user-friendly, with options to track your claim status.
Does State Farm or Progressive offer better coverage for high-risk drivers?
State Farm often provides better coverage options and rates for high-risk drivers compared to Progressive. It’s important to compare specific high-risk policies from both companies.
Which company is better for full coverage, State Farm or Progressive?
Both State Farm and Progressive offer full comprehensive and collision coverage options. State Farm is often preferred for its lower rates, while Progressive may be favored for its flexible coverage options.
Are there differences in customer service experiences between State Farm and Progressive?
State Farm’s customer service is more personalized due to its local agent network. Progressive’s customer service is generally more streamlined and accessible online, which can be beneficial for those who prefer digital interactions. Enter your ZIP code below to explore which companies have the cheapest auto insurance rates for you.
How do the rates for State Farm and Progressive compare for different types of vehicles?
Rates can vary significantly depending on the type of vehicle. Both companies offer competitive rates, but the exact pricing will depend on factors like vehicle type, model, and safety features. It’s best to get quotes from both companies for accurate comparisons.