Progressive vs. StateFarm
The fourth-largest insurance company in the US, Progressive offers discounts via its unique program called Snapshot, which allows customers to pay based on how well and how much they drive instead of just traditional factors. Like Progressive, StateFarm also provides discounts for its customers, including a multi-car discount and a vehicle safety discount, among others.
Both get high marks from the Better Business Bureau, with Progressive edging out ahead of StateFarm’s B+ with an A+. With so many similarities, how do you decide which insurance provider is the right fit for you? Below we compare Progressive and StateFarm side by side so you can make an informed decision.
|About the provider||Progressive is a household name and one of the largest car insurance companies in the US. Since its origins in 1937, customers have been flocking to Progressive for their insurance needs. It also offers discounts via Snapshot, a usage-based insurance program.||Founded in 1922, State Farm ranks as one of the top companies where cars and homes are insured. State Farm stands by its customers by striving to offer the best products and prices. The company is no stranger to the Fortune 500 list.|
|Price||Policy costs depend your personal situation. Visit Progressive for a quote based on your specific needs.||Policy costs depend your personal situation. Visit StateFarm for a quote based on your specific needs.|
|States served||All 50 states||All 50 states|
|J.D. Power ratings**||3/5 on overall claims satisfaction||3/5 on overall claims satisfaction|
|Driver discounts||View driver discounts||View driver discounts|
|Vehicle discounts||View vehicle discounts||View vehicle discounts|
* Based on Better Business Bureau’s company rating
** Based on the 2016 U.S Auto Claims Satisfaction Study
If you’re looking for a pay-in-full discount, Progressive is the clear winner. But if you’ll be insuring multiple cars, StateFarm offers up to a 20% discount. Compared to Progressive’s 10% discount, that can add up to big savings. As always, keep your personal situation in mind when comparing the two, and choose the one that suits your needs best.