Progressive Insurance has rating of 4.5 out 5 with $552 a year of the minimum coverage but can go over $5,040 a year if you are going for full coverage auto insurance.
What is Progressive Car Insurance?
Progressive insurance was founded by Joseph Lewis and Jack Green to give the chance of ‘Security and Protection’ to the owners of vehicle.They were the first one to initiate the installment payment procedure for insurance premiums. And also drive-in claims service were introduced by them. It is among the cheap car insurance companies.
Coverage and Benefits Provided
Auto insurance is for the protection of your vehicle from any accidental damage done to the vehicle or by the vehicle. Following are the types of car insurance coverage and benefits provided by the Progressive car insurance:
1. Liability Coverage:
Liability coverage is kind of necessary in almost all of the states because once you are responsible for you actions i.e. causing some accident, you might be under a lot of financial burden. This covers:
- Injury of someone if you hit them accidentally by the car.
- Damage done to someone’s vehicle or property.
- Legal fees in case you are taken to the court for your actions.
But it does not cover the damage caused to your car.
2. Collision:
This is another type of car insurance policy provided. In case of your car crash to some other object like car, tree, fence, hydrants, or anything else, this coverage will helps you pay for it but you have to pay the deductible.
Not only this, if your pet gets injured due to some auto accident, then having collision coverage will be good for paying vet bills.
3. Comprehensive Coverage:
This type comes at handy when things are out of your control. Such as if you face some weather related issue, breaking of your car window, hitting an animal, theft or any other harm then this coverage will pay for your losses.
4. Medical Payment:
As the name indicates it covers the medical expenses of you and your family members too. It can cover:
- Medical bills and ■■■■■■■ charges for you, your family members and even your passengers too when driving in your insured car.
- If you or your family is in some other car then they are covered too.
- It also covers you and your family for an accident while walking or riding a bicycle.
In some states this coverage is substituted by Personal Injury Protection (PIP).
5. Uninsured and Under-insured Motorist Bodily Injury and Property Damage:
There are times when the at-fault driver is maybe uninsured or under-insured to cover the damage done to your vehicle or your body by him, this coverage assist you at this time. It pays for medical bills or the repair or replacement cost of vehicle during such situations.
Each coverage has something missing or uncovered, for that full coverage auto insurance is also an option which is the combination of liability, comprehensive and collision coverage.
Besides these coverage there are some additional benefits that are provided by the progressive car insurance.
6. Roadside Assistance:
Roadside assistance is what you always going to need because running out of fuel, flat tire, etc are the commonly occurring problems. This benefit can help you to tow your vehicle to any mechanic you want up to 15 miles, and can deliver the fuel too.
7. Rental Car Reimbursement:
If you and your car is involved in a covered accident and it is unable to drive that vehicle, then you will be covered for renting the car until your vehicle is not repaired.
8. Loan / Lease Payoff Coverage:
It is also known as 'Gap Insurance’. Once you buy your car the value of it starts depleting and leaves a gap between the value which you have to pay and what your car is worth of. It assists when your car is stolen or deemed a total loss.
Summary:
At the end, it is quite clear that there are several coverage and benefits accessible in this company. You can easily get the type of coverage you want specifically for your vehicle.
Cost of Progressive Insurance
This insurance is considered as one of the cheap car insurance in Indiana, in some other states too. But the cost may vary depending on several factors, therefore you might wonder that how much is the car insurance here.
1. Age Group
One most important factor is age group. Teen age drivers usually costs high rate insurance as compared to adult drivers because of their inexperience.
| Age Group | Average Rate |
|---|---|
| Single 25-year-old female | $1,626.68 |
| Single 25-year-old male | $1,669.88 |
| Married 35-year-old female | $1,352.98 |
| Married 35-year-old male | $1,274.29 |
| Married 60-year-old female | $1,136.81 |
| Married 60-year-old male | $1,174.41 |
2. Type of Coverage
Type of coverage depends on your choice. You may choose minimum or full coverage but the cost may vary widely.
| Coverage Type | Average Rate |
|---|---|
| Low | $1,274.28 |
| Medium | $1,372.51 |
| High | $1,489.28 |
3. Credit Store
Some drivers have good credit and some have poor but this variation affects on the costs too.
| Credit Store | Average Rate |
|---|---|
| Good | $1,364.53 |
| Fair | $1,690.26 |
| Poor | $2,307.61 |
4. Driving Record
Driving history matters. Experience is the key for your rates. Less experience result in higher rates due to more chances or vice versa.
| Driving Record | National Average Rate |
|---|---|
| Clean record | $1,372.51 |
| With 1 speeding violation | $1,802.52 |
| With 1 accident | $2,324.39 |
| With 1 DUI | $1,793.44 |
Drawbacks of Car Insurance
Beside having all the benefits and advantages, there are some drawbacks associated with this company which maybe the cause of drawing away the customers.
1. Purchase Method
There are three purchasing methods online, via agents and over the phone. The prices vary depending on the method you are using for your purchase.
2. Unavailable Discounts
The discounts which are available on this insurance may vary depending upon the location. Such as its home and auto insurance bundle discount will be variable because of the location.
3. Lower ranking
The average industry rating is 868 and the rating of progressive insurance was 856 in 2019, which is below the average. Whereas according to J.D 2019 auto claims it was ranked 16th out of 23 companies.
Car Insurance for New Drivers
It is top rated for best car insurance for teens. Progressive provides two types of car insurance policies for new drivers.:
- Sharing your policy with the teen: It means that they will get benefit from all the coverage you have applied for whether it be a liability coverage, roadside assistance, gap insurance, etc.
- Separate Policy: But if you buy them a separate policy, be aware to ensure the correct quantity of liability, choose an affordable deductible, etc.
Another benefit is that, when your teen turns 18 you can have a discount of 10% and on 21 the discount will be of 16%, decreasing the annual rate providing you benefit for cheap car insurance for young drivers.
Car Insurance without a License
This type of insurance is not allowed by most of the companies but it is possible to have the car insurance without a license in Progressive. If you own a car but don’t drive then you can have the policy and may list yourself as an excluded driver.
Frequently Asked Questions
Following are some of the queries which can pop in your mind while choosing progressive car insurance for your newly purchased vehicle:
How much is progressive car insurance per month?
Per month rate may vary depending upon the factors such as age of driver, location, etc. In progressive insurance the rates start from as low as $46 a month to as high as $420.
Is Progressive car insurance any good?
Yes absolutely, progressive insurance rates 4.5 out of 5 for its overall performance. It is among the best car insurance 2020 according to nerdwallet.com. Other than the usual insurance options it also offers roadside assistance and rental car, etc.
Is Progressive or GEICO better?
In 2019 J.D power U.S Insurance shopping independent ranking, GEICO was ranked as 12th among the 19 companies while Progressive ranked as 18th. This was due to better customer reports for GECIO then progressive car insurance.
Does Progressive auto insurance go up after 6 months?
This company do raise the rates after 6 months as these months are the standard term length for their policies. Therefore if you continue making claims on your policy then you might note the raise after half a year.
Why is my progressive insurance so high?
Although this is the cheap car insurance, the costs may increase due to repeated violations. The more you make moving violation, higher will be the risk to file a claim leading to an increased or high insurance rate. Drive carefully.
Conclusion
Progressive car insurance is the best for coverage options and is also famous for having fewest customer complains. This company has easy going options and average rate for per year insurance is $1,373 which is cheaper among the other companies.
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