Allstate vs. Progressive
Which car insurance do consumers say is best?
It likely doesn't come as a surprise that Allstate and Progressive, two of the four largest car insurers in the country, offer many of the same types of programs. When you're shopping for an auto policy, these two may be the first names that come to mind. Progressive jumped over Allstate in market share in 2017 and now holds a slight edge in direct premiums written, though both account for nearly 10 percent of the market.
Allstate and Progressive each offer homeowners and renters policies. They also offer many other individual policies that can be bundled to save. These insurers even offer pet insurance plans. Both Allstate and Progressive offer a usage-based insurance program, a rideshare coverage option, and a way to lower your deductible by staying accident free. In the overviews below, we document the various programs for Allstate and Progressive.
You can continue reading beyond the overviews to see how consumers rate Allstate and Progressive, including the company's rating for claims service, customer service and price.
Are Insurance Premiums Lower with Allstate or Progressive?
Which car insurance company offers cheaper car insurance rates, Allstate or Progressive? While the auto insurance rates the companies offer will vary by person and location, we've gathered average national rates to provide a comparison of Allstate and Progressive.
In the table below, we compare the average national car insurance rates for Allstate and Progressive for three different driver profiles for male and female. Keep in mind these are only national averages for a certain profile. Your car insurance rates will differ from these depending on where you live, your unique driver profile and your coverages, among other things.
|Driver profile||Allstate average rates||Progressive average rates|
|Driver profile||Allstate average rates||Progressive average rates|
To determine the average national rates for male and female drivers for Allstate and Progressive, we created three driver profiles for both males and females and got rates for drivers for each profile. The profiles for male and female drivers were an 18-year-old teen with state minimum coverages and fair credit; a 35-year-old single adult with 100/300/50 liability limits in addition to full coverage with $500 deductibles for collision and comprehensive, a good credit score and one driving violation in the last three years; and a 65-year-old driver with 100/300/50 liability limits in addition to full coverage with $500 deductibles for collision and comprehensive, a good credit score and no driving violations in the last three years. Additionally, we averaged the rates in each state we had data for that company. Rate data is provided by Quadrant Information Services.
What Should Shoppers Know about Allstate?
Allstate serves more than 16 million households in the United States and does so through its network of captive agents. So despite the company's size, Allstate is still able to have a smaller-company feel with its vast group of local agents.
As mentioned above, Allstate offers a few unique offerings, such as a Drivewise. Drivewise is Allstate's car tracking program that qualifies its policyholders for a discounted car insurance rate depending on how they drive. Allstate consumers earn a 5 percent cash back for starting the Drivewise program, and they can save up to 13 percent every six months depending on how they drive. You can learn more about Drivewise here.
Another unique Allstate coverage is Allstate’s Ride for Hire program. For those drivers who drive for a transportation network company (TNC), such as Uber or Lyft, Allstate offers a program that fills in the gaps between your personal policy and an insurance policy offered by the TNC. While you'll see an increase in your monthly premium, Allstate advertises on its website that you can get protection for as little as $15-20 a year on an actual policy.
Allstate also offers a safe driving bonus. This program is designed to reward drivers with various ways to save. You can get a bonus check in the mail for every six months you go without an accident. It can also help lower your deductible your collision deductible is lowered $100 the day you sign up and drops $100 each subsequent year you remain accident free (up to $500).
What Should Drivers Know about Progressive?
Progressive's largest focus in the insurance industry is car insurance where it serves more than 18 million drivers. You'll find other coverages on Progressive's website, such as homeowners and renters insurance, life insurance, and pet insurance, though these products are typically sold through non-affiliated insurance companies. But if you're interested in car insurance through Progressive and want to save money, you can bundle policies with Progressive to earn a discount.
Progressive’s popular usage-based insurance program is called Snapshot. By enrolling in Snapshot, Progressive policyholders can earn a discount after six months if they demonstrate safe driving habits while being monitored through the app or an OBD plug-in. One unique aspect about the Snapshot program is that participants can actually have their rates increase if Progressive views them as a risky driver based on their monitored driving habits.
Similar to Allstate, the Ohio-based company is also an option for drivers who work for a TNC, such as Uber or Lyft. Progressive offers rideshare insurance, which covers the gaps between a personal insurance policy and the insurance provided by the TNC.
Another optional coverage available through Progressive Insurance is the deductible savings bank. This coverage is just like the name indicates policyholders with collision and/or comprehensive coverage can have their deductible reduced by $50 every six months they are claim-free. So if a Progressive driver enrolled in the program with a $500 deductible and goes five straight years without a claim, the savings bank would cover the deductible after a claim, rather than the driver being responsible for the deductible out-of-pocket. But keep in mind, this is an additional coverage option, meaning you'll be paying for it.
Allstate and Progressive are both competitive insurance companies offering a variety of products. Progressive works with third party services to offer things like pet insurance, and coverage limits vary. Depending on the type of insurance you need, it may be easier to get bundling discounts through Allstate.
Both companies offer affordable auto insurance rates. They also have relatively positive reviews and policy cost based on many factors for an auto insurance policy. With teams of qualified customer service agents, you can get answers for your questions. The best way to start is by getting quotes from both companies.
What discounts do Allstate and Progressive offer?
Talk with an agent or visit the company's website for a comprehensive list of all discounts you may qualify for.`