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Nationwide vs Progressive

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couple packing the trunk of their car
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Nationwide Insurance was founded in 1925, and was originally established to help farmers get more affordable car insurance. As of 2022, it is the 10th largest car insurance provider, with 2.4% of the total market share. Nationwide underwrites its own policies and sells a wide variety of insurance products, including auto, home, renters, life, pet and business insurance.

Progressive Insurance is another popular car insurance provider, with almost 6% of the total market share, making it the third largest company in the United States. Progressive was founded in 1937 and currently has $47.7 billion in direct premiums written. Like Nationwide, Progressive has extensive personal and business insurance product offerings.

Nationwide vs Progressive: car insurance rates comparison

Nationwide and Progressive are comparable in terms of their third-party reviews and their average annual premiums. Progressive’s average full coverage rate is slightly higher than Nationwide’s, but its average premium is lower for minimum coverage, according to our analysis of average rate data from Quadrant Information Services. Progressive has a lower overall customer satisfaction score than Nationwide, according to J.D. Power. The table below includes a side-by-side comparison of Nationwide vs. Progressive’s average prices and third-party ratings.

Car insurance company Bankrate Score AM Best J.D. Power Average annual premium for minimum coverage Average annual premium for full coverage
Nationwide 4.4 A+ (Superior) 876/1,000 $549 $1,383
Progressive 4.4 A+ (Superior) 862/1,000 $542 $1,561

Rates by credit score

Car insurance companies are prohibited from using your credit score to calculate your car insurance rate in California, Hawaii, Massachusetts and Michigan. Washington is working on a ban related to using credit as a rating factor as well. However, the measure is currently on hold while courts consider a lawsuit aimed at blocking the ban. In other states, credit may be used to determine your rates, since low credit scores have been linked to a higher likelihood to file claims.

However, not all providers weigh credit or weigh it equally. That’s why it may be useful to compare quotes from the providers you are considering to determine which might offer more competitive rates for your credit circumstances. The following averages could give you an idea of what Nationwide and Progressive charge among different credit tiers:

Car insurance company Poor Average Good Excellent
Nationwide $1,928 $1,534 $1,383 $1,218
Progressive $2,820 $1,745 $1,561 $1,208

Rates by age

Age is another factor that could impact your car insurance rate. Younger drivers typically pay the highest rates because they lack experience and are more prone to accidents. Across the board, Nationwide is likely going to be a cheaper option for young drivers. You can see the 2021 average annual premiums from Nationwide vs. Progressive based on age in the table below:

Car insurance company Age 16* Age 18* Age 25 Age 30 Age 40 Age 60
Nationwide $1,241 $4,449 $1,668 $1,479 $1,485 $1,243
Progressive $1,955 $6,287 $1,796 $1,668 $1,509 $1,302

*16 year old cost when added to parents’ policy, 18-year-old renter

Rates by driving record

Drivers who have no violations on their record pay the lowest car insurance rates. Nationwide is the cheaper option if you have a clean driving record, but if you have any violations on your record, the cheapest company varies. We included a Progressive vs Nationwide comparison in the table below for average annual premiums based on driving record:

Car insurance company Clean driving record Speeding ticket Accident DUI conviction
Nationwide $1,383 $1,635 $1,802 $2,557
Progressive $1,561 $2,030 $2,507 $2,049

Nationwide vs Progressive: discounts

Nationwide and Progressive both offer a list of impressive car insurance discounts. However, each provider has different savings opportunities. Here are some of the unique and notable car insurance discounts available from each provider:

Nationwide

  • SmartRide — SmartRide is a usage-based insurance program from Nationwide that may let you earn an instant 10% discount when you sign up. The safer you drive, the higher the discounts you could get – which could be as high as 40%.
  • Safe driver discount — You may be able to take advantage of the safe driver discount if you have no accidents or major violations on your record for at least five years.
  • Multi-policy discount — When you bundle a home and auto policy with Nationwide, you may save up to 20%. Meanwhile, Progressive’s multi-policy discount comes with average savings of 4%, which could result in potentially lower savings for policyholders.

Progressive

  • Teen driver discount — Progressive’s teen driver discount may help keep your rate from increasing significantly after adding a newly licensed driver to your policy.
  • Pay in full discount — You may be able to earn a discount from Progressive if you pay your annual premium upfront and in full, rather than in monthly installments.
  • Deductible savings bank — With Progressive’s deductible savings bank, you may be able to lower your comprehensive or collision insurance deductible by $50 for each policy period where you have no claims.

Nationwide vs Progressive: online and mobile experience comparison

Overall, Nationwide and Progressive have highly-rated online and mobile experiences. Both companies have an online quote tool, helpful resources and articles, and an easy-to-use interface with simple navigation.

However, we found that Progressive offers better online tools, like the Name Your Price Tool, which allows you to build a policy that fits your budget. Both companies also offer a mobile app that includes standard features. Here is a look at the Nationwide vs. Progressive mobile app:

Nationwide

  • App Store (4.4 stars) — Nationwide’s iOS app has great reviews on the App Store, with a wide range of capabilities. You can get your ID cards, file a claim, connect with roadside assistance and find repair shops near you. Depending on your device, you can also set up fingerprint or facial login.
  • Google Play (4.2 stars) — With the Nationwide Android app, you get the same features as the iOS app, like roadside assistance, claim reporting, payments, ID cards and more. However, some users report app bugs, including features that do not work properly.

Progressive

  • App Store (4.6 stars) — If you have an iPhone, you can use Progressive’s mobile app to pay your premiums, get your ID cards, report a claim, get roadside assistance and even start a new insurance quote. The app has a high rating of 4.6 out of 5 stars, showing general policyholder satisfaction.
  • Google Play (4.7 stars) — Progressive’s Android app has better ratings than the iOS app. It has all the same features as the iOS app, with the option to get roadside assistance, report a claim and make basic changes to your existing policy. If you are enrolled in the Snapshot safe driver program, you can also check on your progress in the mobile app.

Frequently asked questions

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our base profile drivers own a 2020 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should only be used for comparative purposes.

Credit-based insurance scores: Rates were calculated based on the following insurance credit tiers assigned to our drivers: “poor, average, good (base) and excellent.” Insurance credit tiers factor in your official credit scores but are not dependent on that variable alone. Four states prohibit the use of credit-based insurance scores as a rating factor in determining auto insurance rates: California, Hawaii, Massachusetts, and Michigan. Washington’s ban on factoring credit in premiums is currently on hold in the courts.

Age: Rates were calculated by evaluating our 2021 base profile with the ages 18-60 (base: 40 years) applied. 16-year-old rates were factored as the added cost to their parents’ policy; 18-year-old rates were calculated as drivers who rent their primary residence.

Incidents: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket, single DUI conviction and lapse in coverage.

Bankrate Score

Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. We know it is important for drivers to be confident their financial protection covers the likeliest risks, is priced competitively and is provided by a financially-sound company with a history of positive customer support.

To determine how well the best car insurance companies satisfy these priorities, third-party agency ratings from J.D. Power, AM Best, S&P, NAIC, and Moody’s had the most impact on the companies’ Bankrate Scores. As price is a common consideration for drivers, we analyzed quoted premiums based on 40-year-old male and female drivers with a 2019 Toyota Camry. This profile, assessed across more than 35,000 ZIP codes in the U.S., provided a basis on which drivers may compare each provider.

While coverage options, insurer availability, affordability and customer experience are often the top priorities, Bankrate also analyzed each insurer’s online and mobile resources for policy management and claims handling. Insurance is rapidly evolving to keep pace with our digital world, so these aspects also carried weight in determining Bankrate Scores.

Written by
Elizabeth Rivelli
Insurance Contributor
Elizabeth Rivelli is a contributing insurance writer for Bankrate and has years of experience writing for insurance domains such as The Simple Dollar, Coverage.com and NextAdvisor, among others
Edited by
Insurance Editor