Progressive vs. USAA: Best Auto Insurance for 2023
When Progressive vs. USAA auto insurance, you want to analyze both company pricing and company ratings. USAA Insurance offers cheaper rates than Progressive to men and women of various ages, but Progressive holds a higher BBB rating. USAA is also more well-reviewed by A.M. Best but is only available to military personnel and their families.
- USAA Insurance offers more affordable rates than Progressive based on age and gender.
- Progressive is more well-reviewed by the Better Business Bureau.
- USAA is more well-reviewed by A.M. Best.
The process of comparing auto insurance companies can be stressful. In an effort to reduce your stress levels and make your decision easier, we will be focusing exclusively on Progressive vs. USAA.
Are USAA and Progressive the same company? No, they are two separate companies, and we will be covering both company’s auto insurance rates pricing and company ratings in our Progressive vs. USAA Insurance review.
Take the comparison beyond Progressive vs. USAA and type your ZIP code into our free and helpful tool above to find affordable auto insurance quotes in your area.
Progressive vs. USAA: Which company offers more affordable rates to men?
Do you want to switch from USAA to Progressive? When you set out to compare and switch insurers, you probably want to start with what is most important to you. For many, the cost of auto insurance is the most important.
The following table shows the rates offered to men of various ages by the largest auto insurance companies, including Progressive and USAA. These rates are for single 17 and 25-year-olds as well as married 35 and 60-year old men.
|Company||Married 60-Year-Old Male Average Annual Rates||Married 35-Year-Old Male Average Annual Rates||Single 25-Year-Old Male Average Annual Rates||Single 17-Year-Old Male Average Annual Rates|
|State Farm Mutual Auto||$1,349.64||$1,529.96||$2,003.27||$5,604.41|
|Travelers Home & Marine Ins Co||$1,702.69||$1,701.83||$1,922.42||$27,457.38|
|Liberty Mutual Fire Ins Co||$3,781.20||$3,967.26||$5,397.88||$15,000.77|
Is it easier to find affordable Progressive rates or affordable USAA rates? As you can see, for single 17-year-old men, Progressive is over $2,300 more expensive per year than USAA. For single 25-year-old men, Progressive is still more expensive by $300.
For married 35-year-old men, Progressive is nearly $500 more expensive per year than USAA. Finally, for married 60-year-old men, Progressive is again nearly $500 more expensive per year than USAA.
So, our USAA vs. Progressive Insurance review shows that USAA wins in terms of rates offered to men of various ages. Let’s see if this holds true in our next section when we compare car insurance rates offered to women of various ages.
Progressive vs. USAA: Which company offers more affordable rates to women?
We are now going to do what we did in the last section, but this time we will analyze the rates offered to women of various ages by companies including Progressive and USAA.
|Company||Married 60-Year-Old Female Average Annual Rates||Married 35-Year-Old Female Average Annual Rates||Single 25-Year-Old Female Average Annual Rates||Single 17-Year-Old Female Average Annual Rates|
As you can see, for single 17-year-old women, Progressive is about $2,200 more expensive per year than USAA. For single 25-year-old women, Progressive is about $400 more expensive than USAA per year.
For married 35-year-old women, Progressive is nearly $600 more expensive per year than USAA. Finally, for married 60-year-old women, Progressive is about $450 dollars more expensive per year than USAA.
In short, USAA wins again. Let’s wrap up with company ratings and see if USAA can sweep this thing.
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Progressive vs. USAA: Which company is more well-reviewed?
Before we finish for the day, we need to stress the importance of company ratings from organizations like 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 USAA? The BBB gave USAA a much lower score of “B”, and USAA also lacks accreditation.
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.
Progressive received the second-highest rating of “A+”. How did USAA do with A.M. Best? They received the highest possible rating of “A++” (Superior).
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.
Progressive received a long-term ICR of “aa”. What long-term ICR did USAA receive? It turns out they received the highest ICR of “aaa”.
So, in review, USAA insurance offers the more affordable prices and has the higher A.M. Best ratings, whereas Progressive holds the higher BBB rating. Furthermore, you can always inquire about Progressive or USAA discounts to lower your rates further.
Be aware that while anyone can get a USAA quote, coverage is only available to active, non-active, and veteran military personnel and their families.
Don’t let your auto insurance company comparison stop with Progressive vs. USAA. Type your ZIP code into our free and helpful tool below to find affordable auto insurance rates from the providers in your area.