Progressive Insurance is the third-largest auto insurer in the U.S., with 13.3% of the total private passenger market share. Progressive sells more than 30 personal and business insurance products and serves more than 18 million customers across all 50 states and Washington, D.C. The company is known for its innovative online tools, resources and programs.
As of 2020, State Farm Insurance is the largest auto insurer in the U.S., with 16.2% private passenger market share. State Farm has a long list of other popular coverage types, including some unique options. State Farm sells insurance through an extensive network of 19,000 local agents across the country.
Progressive vs. State Farm: car insurance rates comparison
Progressive and State Farm are comparable in terms of their average annual premiums — as gathered from Quadrant Information Services — and third-party ratings. Overall, Progressive’s rates tend to be slightly more expensive, and J.D. Power and AM Best rate the provider a bit lower than State Farm in terms of customer service, claims satisfaction and financial strength rating.
This same information is also used to assign a Bankrate score, which is calculated on a five-point scale. Because both Progressive and State Farm have higher A.M. Best ratings and J.D. Power Claims Satisfaction scores, it contributes to each of their higher Bankrate Scores of 4.4 and 4.7, respectively. The table below includes a comparison of average premiums and third-party ratings for Progressive vs. State Farm:
|Car insurance company||Bankrate Score||AM Best||J.D. Power claims satisfaction score||Average annual premium for minimum coverage||Average annual premium for full coverage|
|State Farm||4.7||A++ (Superior)||892/1,000||$539||$1,457|
Rates by credit score
Drivers with bad credit typically pay higher car insurance premiums, unless you live in California, Hawaii, Massachusetts or Michigan, where credit-based insurance scores are not allowed to be used as a factor for determining your auto insurance rates. Washington state is also currently voting on a measure that would ban credit as a rating factor. For drivers with poor, average and excellent credit, rates may be affected, depending on whether or not the insurer factors in credit when determining your rates.
When providers use credit to help determine a driver’s risk factor, it is referred to as the driver’s insurance score. Generally, drivers with lower credit scores are deemed more likely to file claims. The table below showcases the national average premiums for drivers in different credit tiers.
|Car insurance company||Poor||Average||Good||Excellent|
Rates by age
Young drivers generally pay higher auto insurance rates than other drivers due to their increased risk of accidents. Because of this, youthful drivers will likely be more expensive to insure almost everywhere in the U.S., except in Hawaii and Massachusetts where age is not allowed to be used as a factor. In terms of Progressive vs. State Farm, the average premiums by age vary significantly. For instance, Progressive is cheaper for 16-year-olds, on average, but its rates are more expensive than State Farm for drivers aged 18 and older.
Here are the average rates by age for State Farm vs. Progressive:
|Car insurance company||Age 16*||Age 18||Age 25||Age 30||Age 40||Age 60|
*16 year old cost when added to parents’ auto insurance policy, 18-year-old renter who lives separate from parents
Rates by driving record
Driving record is another major factor that will impact your car insurance rate. For drivers with a clean record, one speeding ticket conviction or one at-fault accident, State Farm offers the cheapest average rates. However, drivers who have one DUI on their record may pay less on average with Progressive.
Both Progressive and State Farm offer accident forgiveness programs, which can help protect your policy from increasing after a single at-fault accident. With Progressive, the coverage is included automatically on auto policies in most states, although it may not fully forgive the entire premium increase of an accident. State Farm customers have to qualify for accident forgiveness by being insured by State Farm for a certain number of years and remaining accident-free. The table below includes the average rates from Progressive vs. State Farm based on driving record:
|Car insurance company||Clean driving record||Speeding ticket conviction||At-fault accident||DUI conviction|
Progressive vs. State Farm: discounts
Both Progressive and State Farm offer great auto insurance discounts for drivers who want to save money on their premium. While there is some overlap in the discounts that these insurers offer, State Farm offers some discounts that Progressive does not, and vice versa. Here are some of the auto insurance discounts available from each carrier:
- Teen driver discount: Progressive offers a special teen driver discount that may prevent your premium from increasing significantly after adding a newly licensed driver to your policy.
- Snapshot program: With the Snapshot usage-based insurance safe driver program, drivers could save an average of $146 on their premium by practicing safe driving behaviors, according to Progressive’s website.
- Continuous insurance discount: If you switch to Progressive from another insurance company, you could save money based on the length of time you were insured with the previous carrier.
- Vehicle safety discounts: State Farm may lower your auto insurance rate if your vehicle is equipped with certain safety features, like front air bags, seat belts and an anti-theft system.
- Drive Safe & Save program: The Drive Safe & Save usage-based insurance program can help adult drivers save up to 30% on their auto insurance premium by demonstrating safe driving skills.
- Steer Clear program: The Steer Clear program is designed to reward drivers under age 25 with a lower rate if they are claims-free for three years and complete the safe driver training program.
Progressive vs. State Farm: online and mobile experience comparison
State Farm and Progressive both have an intuitive online user experience. Their websites are easy to navigate, you can get instant quotes and both companies provide helpful tools and resources. Progressive and State Farm also have online claim submission systems, which makes it easy to file new claims and check the status of existing claims without calling an agent.
In addition, State Farm and Progressive each have a mobile app. Both companies offer an app-based safe driver telematics rewards program, as well as a traditional mobile app where you can make payments, get your ID cards and more. Here is a closer look Progressive’s and State Farm’s mobile apps:
- App Store (4.6 stars): Progressive’s iOS mobile app carries a high average rating. iPhone users can download this free app and get access to their ID cards, request roadside assistance, start a new insurance claim and pay their monthly premium.
- Google Play (4.7 stars): Progressive’s Android mobile app offers all of the same features as the iOS app, but this one has slightly better ratings. You can get roadside assistance, pay your premiums, report a claim and more right from your phone.
- App Store (4.8 stars) — State Farm’s mobile app for iPhone users is pretty standard and offers most of the same features that Progressive’s app does. You can file claims, get roadside assistance, pay your premium through Apple Pay, download your auto insurance ID cards and call your agent. You can also use Siri to access shortcuts.
- Google Play (4.6 stars) — The State Farm Android app has the same features as the iPhone application. However, the reviews for this version of the app are mixed. Some users have no complaints, while others report issues with the payment system and password recovery.
Frequently asked questions
Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. 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 coverage that meets each state’s requirements. Our base profile drivers own a 2019 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.
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. Five states prohibit the use of credit-based insurance scores as a rating factor in determining auto insurance rates: California, Hawaii, Massachusetts, Michigan and Washington.
Age: Rates were calculated by evaluating our base profile with the ages 18-60 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner. Age is not a contributing rating factor in Hawaii and Massachusetts due to state regulations.
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 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.