Comparison of Progressive Auto Insurance vs Allstate 2022
Progressive and Allstate are among the largest auto insurance companies in the United States.
At numbers three and four, respectively, it may be difficult to distinguish between two leading operators who advertise a lot. Read on for our comparison of these insurance giants.
For more information on individual businesses, see our Progressive Car Insurance Review and Allstate Car Insurance Review.
Progressive Auto Insurance Coverage and Allstate
You can learn more about basic coverage in our article on Common Types of Auto Insurance.
Additional features and products from Progressive and Allstate may be available as additions to base coverage. Although both companies issue policies in all of the United States, some insurance products may not be available in all states.
- Roadside assistance and towing
- Rental car refund
- Medical payments
- Car replacement cover
- Additional carpooling insurance
Allstate and Progressive also offer guaranteed asset protection, known as GAP insurance. This product covers the difference between the value of your car and what you owe on your car rental or loan.
Allstate provides additional sound system insurance in the event that your vehicle’s custom audio equipment is damaged or stolen. Progressive issues Custom Parts and Equipment (CPE) coverage, which can protect or repair your stereo equipment and things like custom wheels and even a custom paint job.
Average insurance rates of Progressive and Allstate
Many factors influence insurance costs. Each person’s premium is unique because of the car they drive and other considerations, including their driving record, age, and creditworthiness.
Allstate premiums are often higher than the rates of other insurance companies. According to The Zebra, Allstate’s average monthly premium is $ 170. With Progressive, the average policy costs $ 104 per month.
This table compares the average annual premiums between Progressive and Allstate by age group.
|Teens||$ 8,248||$ 6,442|
|20s||$ 2,287||$ 2,636|
|30s||$ 2,287||$ 1,920|
|40s||$ 1,644||$ 1,912|
|the 50’s||$ 1,542||$ 1,893|
|60s||$ 1,403||$ 1,768|
Source: The Zebra
For most drivers, the cost of premiums is at the top of the list of considerations to take into account when looking for insurance. However, that shouldn’t be your only consideration when shopping for a policy.
Premium discounts from Progressive and Allstate
Both companies offer discounts to policyholders, such as:
- Safe Driving Discount
- Accident-free drivers
- Good student discounts
- Policy consolidation
Some drivers can reduce the cost of an Allstate policy by taking advantage of additional discounts offered by the company. For example, drivers who own newer vehicles and those who have anti-lock brakes or anti-theft devices may be eligible for a rate reduction.
Allstate and Progressive both have telematics programs that give policyholders the opportunity to earn lower premiums by electronically monitoring driving habits.
Customer satisfaction with Allstate and Progressive
Cost and coverage options are primary considerations when purchasing auto insurance. Yet many agree that overall customer satisfaction is worth an additional cost.
Auto insurance buyers often equate high customer service ratings with a high likelihood that the insurer will process claims quickly and efficiently. the JD Power US Auto Insurance Study 2021 includes responses from approximately 39,000 auto insurance customers. It provides information on customer satisfaction in key areas:
- Policy Offers
- Cost of auto insurance
- Interactions with clients
- Billing process and policy information
In the survey, customers’ opinions and experiences with their insurance company were assessed. Allstate received an “average” rating and Progressive was rated “below average”.
Which one has better Financial, Progressive or Allstate?
It is essential for an insurance company to have the capacity to pay its claims.
Financial strength ratings and ratings from AM Best, Moody’s and S&P indicate an insurance company’s ability to meet its financial obligations. According to The Zebra, Allstate prides itself on “excellent” financial strength and Progressive receives a “superior” rating.
Progressive or Allstate: which is right for you?
Every driver has unique auto insurance needs. Request quotes from Progressive, Allstate and other insurance. Progressive offers cheaper premiums in many cases. Even so, Allstate offers many discounts that can lower its competitive rates.
Shop around for the best price, but remember that cost is just one factor you should consider when looking for insurance.
Whichever company you choose, make sure you understand your coverage. Know what works best for you and your needs before signing a new auto insurance policy or renewing your existing coverage.