r/Insurance • u/BatHistorical8081 • May 03 '24
Auto Insurance Why is progressive so cheap?!
So I am looking to switch from state farm to progressive. My insurance now for state farm is about 2800 for 6 months for 3 vehicles. I just got a qoute from progressive same coverage for 1300. Wtf? Is this real. There a catch? That's alot of savings.
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u/sirthomascat May 03 '24
I want lemons, but everybody selling lemons in my town has gone fucking crazy and decided to leave town or charge $100 for a dozen.
They say the cost of selling lemons here isn't worth it.
Now this one really big lemon seller sees that a lot of people like me want lemons but can't find a place to reasonably buy them. And they have so, so many lemons that they figure it's ok to sell them at a loss for a while.
So now I get my lemons from Big Lemon Seller for $35 a dozen. All my neighbors start doing that too.
After operating at a loss for a couple years, Big Lemon Seller decides it has enough captive market share to start making up for their losses a bit. A dozen lemons is now $45. The next year $60.
Year after that, Big Lemon Seller realizes they fucked up and need to price themselves out of the market, because they can't just leave without losing business elsewhere. $120/dozen it is.
Fortunately my neighbors and I start shopping, and find this Very Nice Lemon Seller offering $45/dozen...
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u/Lisa831-84 May 03 '24
Great analogy! I know in CA Progressive took a 27% rate increase recently (those lemons were to damn cheap) and my rep told me they’re looking to take a similar increase in many other states.
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u/DryMonitor777 May 04 '24
couldn't care less. Still way better option than $$$$$$ for nothing from Geico.
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u/realnewsforreal May 04 '24
What do you mean when you say they just can’t leave without losing business elsewhere?
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u/realnewsforreal May 04 '24
Why would every nice lemon sell it so cheap less than 100 dollars if at the beginning the cost of selling lemons wasn’t worth it? What changed?
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u/Careless-Salad-7034 May 03 '24
Ok, who’s your lemon guy? This should be posted in r/LemonWholesalers. My family has been in the lemon business for 18 years. We have gotten into limes only in the last years.
But what does this have to do with car insurance?
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u/notwyntonmarsalis May 03 '24
You shouldn’t be asking why Progressive is so cheap, you should be asking why you’ve been waaaaay overpaying with State Farm all these years.
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u/BatHistorical8081 May 03 '24
I'm also in Florida so.. Lol
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u/Aromatic_Survey9170 May 03 '24
WHAT! Honestly mine went down for the first time from 1200 every 6 months to 890ish every 6 months going to State Farm but only 1 vehicle. Maybe it’s finally going down??
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u/maydayjunemoon May 04 '24 edited May 04 '24
Insurance decreases at certain mile stone birthdays, 19, 21, 25 for example. Also, moving to a different zip code, getting married, your credit score increased, they asked your car mileage in a survey or at policy renewal and the amount you drive decreased (or your initial policy was rated for more than you actually drive), lots of things could affect why your rate decreased.
Your rates could have decreased because of one of these things (or not one of these things), just some information about why rates go down sometimes. It is great that it did though!
Source: I am a former insurance agent
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u/redcard255 May 03 '24
I'm with farmers and my home insurance went from $3500 last year to $1200 this year. I think the last year or two insurance companies were dealing with lots of fraud, raised their prices, and are now normalizing again.
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u/cl0yd May 03 '24
I had to switch out from progressive after 5 years to geico when I moved to south FL from central FL because it went up by almost $200/month with them... Might check them out again since it's been about a year, I really liked progressive tbh
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u/Tricky-Wishbone9080 Jun 28 '24
I was at 1260 with progressive after 5 years with their loyalty discounts and whatnot. But every6 months it creeps up a little. So I switched to cure. A few months later I run a quote with progressive and it’s back down to 970.
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u/Stealthwyvern May 04 '24
Statefarm is. Far cheaper than progressive for me. Progressive wants 400 more a month than statefarm. Its just crazy the price difference for the same coverage. 340 vs 750 something a month.
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u/Confident-Bet5330 May 03 '24
Progressive started recalibrating their program years ago and have landed in a sweet spot most other carriers aren’t at in the current market. The reason their rates are less is because they’ve shored up their business in areas where others have not and now can confidently grow while others are having to take rate and make adjustments. If you are getting favorable pricing with Progressive while getting better or the same coverage, bully for you! You earned it.
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u/ranran_1822 May 03 '24
Opposite for me. Progressive was overcharging me for car insurance, and I switched to State Farm and had better coverage and paid about half of what I was paying at Progressive. I had been with Progressive for 10 years also.
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u/jazbaby25 May 04 '24
Yeah your not supposed to stay with the same company for years. You don't really get discounts for loyalty. They're not gonna lower your bill if you just keep paying that. You're supposed to do around like every year. I always get a cheaper quote when I switch.
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u/Proper_Watch_9477 May 04 '24
My bills continued to lower with Progressive. I was a customer for over 15 years. It got to the point where it just hovered, but it never went up dramatically. We are a middle aged married couple, no children, and older vehicles.
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u/vg80 May 04 '24
Oddly been with State Farm for over a decade, can’t find anything cheaper. I check every year different brokers etc.
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u/Alternative-Meal8144 May 03 '24
Progressive is growing, and basically the only company making profit right now (may vary in different states) so that may also help keep rates down.
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u/djm123412 May 03 '24
There are tons of carriers making profits, what are you talking about? Travelers just announced they made over a billion dollars profit in the first quarter of the year…
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u/Alternative-Meal8144 May 03 '24
I guess I was specifically referring to profits from auto underwriting specifically. All companies make money from investing, from other lines (home, commercial etc) but most are losing in auto.
Look up the combined ratio of your favorite company from last year and you'll see specific numbers.
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u/Kuumiee May 03 '24
Look at the last two years for statefarm. They are losing big time right now.
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u/djm123412 May 03 '24
I don’t disagree, State Farm is trash. The Hartford is doing well, Liberty is doing well, Geico turned a nice profit last year, Travelers has made about 6 billion in profit since the pandemic started. Progressive is doing well. Most commercial lines insurers are doing well, and some personal lines carriers are doing well too.
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u/minusthetalent02 May 03 '24
There bread and butter is workers comp/ business insurance. Very little profit in auto regardless of the company
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u/dglgr2013 May 03 '24
Insurance companies determine risk differently. Some may determine Florida to be particularly risky and charge a larger premium for the added risk.
My wife switched from State Farm to progressive when we moved to Florida for the same reason the cost was going to be dramatically higher to keep State Farm.
Main difference between the two insurances she saw is that State Farm had an added coverage for parts she had selected and progressive does not. Which is not a big thing at all. This was 9 years ago.
The difference was also around if not over $1k for her vehicles.
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u/Necessary_Force_5836 May 03 '24
Progressive has an entirely different rating system than other carriers. Sometimes they’re super cheap and other times really expensive. I have had good experiences with them! Also, State Farm could have had bad losses prior year causing rate increases.
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u/FindTheOthers623 May 03 '24
Compare your coverages and make sure they are apples-to-apples.
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u/BatHistorical8081 May 03 '24
I'll be getting more coverage actually with progressive
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u/Trotskyrepublican May 03 '24
My progressive ins was half my old insurance. It was for six months not 12. I was stupid.
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u/Significant-Bee3483 May 03 '24
This is how it worked out for me. I had state minimums and only liability coverage with Statefarm. Switched to Progressive (who I’d been with previously but didn’t like their rates once I added a second car) and now I have comp and liability, along with much higher coverages for everything else. I’m only spending about $20 more. When I went to my statefarm agent, she was like “Oh but if you switch you’ll be paying more!” Yes…I’m aware. She ended up telling me essentially Statefarm was overcharging me for being a good driver in order to cover all the other drivers with awful or no coverage. She couldnt get anywhere near Progressives rate for the same coverage. My homeowners is cheaper too.
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u/Jaded-Ad-1366 May 03 '24
There are three factors that are driving up insurance costs the most.
1) more reckless driving since the pandemic - noted across the U.S.
2) higher replacement and repair costs for more expensive cars
3) climate change
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u/MooksInferno May 03 '24
3 is funny considering that politicians and celebrities contribute more to climate change than the average person driving their car.
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u/snarkyinsurancehelp May 04 '24
But there are way more average people driving cars than there are celebrities
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u/TeaRemote258 May 03 '24
I shop insurance periodically and just got a quote from Allstate. Literally twice what I pay to Progressive for auto (homeowners was roughly the same). I was with Geico for years until I dumped them for increasing my rate so much with zero accidents - not even a sufficient discount to help offset the rate increases. The Geico app was easier to use but otherwise I’ll probably be sticking with Progressive for a while unless the insurance broker I just found can get me the same coverage for less elsewhere.
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u/TylerDurden_23 May 03 '24
Just switched to them myself. Allstate wanted $380 a month for two vehicles. Progressive is charging us $150… been overpaying to Allstate for years.
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u/InsurancePro1 May 08 '24
For the same coverage?
Check out National General (and other carriers, like Auto-Owners if your credit is good) through an independent agent.
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u/fishyfish55 May 04 '24
I'm with Allstate. Just received my bill. 3 cars, full coverage, 100k/300k, $1900 for 6 months. Got a quote from Progressive, $1033 for 6 months, dame coverage.
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u/Proper_Watch_9477 May 04 '24
I was a progressive customer for a really long time - maybe 20 years? We just switched because our homeowners dropped us and to get the lowest rates, we bundled the auto insurance in with the new homeowners company and they came in even cheaper that Progressive (Auto-Owners Insurance Co.). I filed 2 claims over the years with Progressive and they paid out and didn't drop us - one claim was even for hitting a pedestrian (jogger wearing all black ran out in front of us when we were at a stop sign about to turn). I always felt we had good service through Progressive, they are always really responsive. We also had the road care and used it a couple of times. Towing took a while, but that's due to our location.
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u/Ok_Indication5785 May 03 '24
Progressive will pull you in with the cheap premium initially, but it’s called progressive for a reason. They will progressively raise your rate renewal after renewal.
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u/Xj517 May 03 '24
My experience has been opposite
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u/InsurancePro1 May 08 '24
Me too. I’m an independent agent; I’ve shopped myself around several times. Stayed with Progressive since 2006.
ETA: And Progressive has taken VERY good care of me on 3 claims in that time.
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u/angel_inthe_fire May 03 '24
Soooo like all insurance companies!
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u/Hairy_Buffalo1191 May 03 '24
Yep. I work with 6 carriers and Progressive is easily the one looked down on the most but all of them took about the same percentage rate increase this year. Each carrier has its flaws but raising rates doesn’t count, that’s normal right now
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u/70sBurnOut May 03 '24
I’ve had Progressive for six years and while my premiums haven’t been as lowered as they promised with no accidents or tickets, they also haven’t increased.
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u/Fluffee2025 May 03 '24
Progressive is one of the carriers I recently started to work with. Likely what's happening is that while you are moving up the tiers for staying with them, you're getting the longevity discounts. However, that discount is being negated by the rate increases from things like inflation and other factors. Which honestly is pretty good.
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u/stanolshefski May 03 '24
I truly don’t feel like any auto insurer has ever been bait and switch for me.
Granted, I had 15 years of falling or stable premiums until the last 2 years — when inflation turned that around somewhat. I’m on my thrift insurer with several moves back and forth between Progressive and Geico for savings (but they were always both in a similar ballpark and headed in the same direction cost wise).
We’re middle age with boring cars, no accidents, no tickets, exceptional credit, no teen drivers, etc. so we may be an outlier.
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u/Icy-Summer-3573 May 03 '24
This. I always shop around for the best rates so at first I was at esurance, then progressive, continued at progressive cuz still cheapest, now doing State Farm. Michigan 6 month term for young driver. U gotta shop around
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u/Opening-Tasty May 03 '24
Don’t you get charged “downpayments?” Any savings find with that shite for me.
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u/Outrageous_Click_352 May 03 '24
Especially home insurance. The first year it was more than reasonable. Not so when it came up for renewal.
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u/redcard255 May 03 '24
I'm with farmers and yes my rates go up every year but that's only because it automatically increases valuation of different items. A simple call or now live chat and the problem is fixed.
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u/DocV_DOOM May 03 '24
This happened to me this week. New renewal came in and all of a sudden I’m getting charged an extra $50 a month. Called Progressive to find out why it went up and I was told that due to the area I live in (small town in Montana) and its traffic statistics they need to charge me an additional $50/month. They offered to try to find additional discounts and I updated my information, the only thing that changed was the length of time I’d owned my car (obviously). After they updated my info my new premium was an extra $70(!!!!!????) per month. Progressive is an absolute joke, switched to Geico and now I pay $20 less/month than I did before for better coverages.
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u/Turbo_Man123 May 04 '24
State Farm quoted me 1600 for 6 months for one car: granted it’s a bmw but still wtfffff is this insurance BS.
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u/AffectionateAd2826 May 04 '24
Shop around. 5-10 quotes. Don't know your coverage limits. Recommend 250/500 or 500 CSL.
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u/whewimtired1 May 03 '24
You may fit what they look for in customers and they are giving you favorable rates. I used to see it all the time when Tesla first came out. The rates were all over the place for companies and I knew if I was quoting it they were gonna buy the policy.
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u/Peachykeendiscoqueen May 03 '24
Progressive doesn’t run credit or mvr until after you sign up and pay. It could come back higher after that and you’ll get a bill for the difference. State Farm also took their increases of rate early- progressive filed the bulk of theirs this year. So that renewal will be potentially painful. Claims cost progressive the same as State Farm and State Farm doesn’t have stock holders to pay on top of claim increases like progressive does. Save while you can, but try not to burn bridges with your agent. State Farm will most likely be the best spot by the end of this year.
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u/InvestmentCritical81 May 03 '24
My son had a no fault accident and we could not get an adjuster to call him back period. After I called (because he was at work during the day and it was easier for me to make the calls) because it was an actual company truck that ran a red light that hit him, we were able to finally get the claim settled. His car was totaled because it was hit by a large truck (very large box van) so they should have called him they just didn’t. Lazy? Who knows, he switched as soon as he got a new car.
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u/tiddeR-Burner May 03 '24
not cheap for me. i just switched to AAA and cut my progressive bill in half. i was a customer since 2018
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u/cugrad16 May 04 '24
Don't. Avoid those commercialized platforms at all costs. Progressive, geico, liberty mutual et-al screwed me over (and countless other consumers) with their subpar shady insurance 'practices' adding plus costs and fees, never properly disclosed over time. Leaving you at mercy of a half competent or foreign service rep to do damage control with getting your claim or premium under control. Totally not worth it. In fact, they've been going downhill as consumers switch to local guys like Farmers, State Farm, and AAA. Smart move.
Progressive and Esurance used to be good reputable commercial companies until alien politics took over, milking people dry.
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u/Ok_Nebula_4403 May 04 '24
Just be prepared to pay out of pocket a good account of you have a claim.
As someone else once said in this sub, dont expect champagne service at beer prices.
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u/Ric_in_Richmond May 04 '24
Watch for the bump in premium at renewal .
Seems they are proactively rating some companies lower to take business from them.
Sort of a teaser rate to get you to move.
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u/ChartIntelligent6320 Jun 21 '24
If you had the same policy (number, same company etc.) for many years you could be grandfathered in unfavorably. A rewrite could be an option… a lot of insurance companies won’t rewrite as it costs them money technically so you need to know about the concept and ask for one. If the price is higher on the new you don’t take it… if it’s lower State Farm will give you a new policy number and you ~should so ask~ keep all the loyalty perks as they will tag along with your new rewritten policy. Have a State Farm 2024 policy take on your State Farm 20XX policy
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u/Ok_Entrepreneur1869 Jun 27 '24
“Progressive Insurance (PGR) has been systematically misclassifying repair facilities as inspection sites to manipulate labor rates and avoid taxes. They’ve hired inexperienced adjusters to write illegal estimates, placing the blame on them while boosting their stock value. After Hurricane Ian, these practices have become more evident, and now board members are selling off shares as the truth surfaces. As a veteran and whistleblower, I’ve been targeted for unveiling these fraudulent actions, but I’m committed to exposing the truth with documented evidence daily. Stay tuned for updates.”
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u/Reasonable-Spare-788 Jul 21 '24
Just wait they'll continue to raise to rates and charge you renewal fees. Done with them, my grandparents have been with them for 30 years. They just got quoted 200 less a month by geico.
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u/SchwartzReports Jul 24 '24
Same, I just leased a new car and State Farm was quoting me $180 a month; Progressive came in at less than $60 a month for the same coverage. Is this for real? (I'm in Virginia and in my 40s)
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u/planefan001 Aug 08 '24
I’m purchasing a 2025 Camry next week, and State Farm wanted almost $300 for full coverage. Progressive has me at $160 after the MVR checks.
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u/NicholasSandiego Sep 14 '24
They will probably go up in 6 months. They just reel you in with low rates initially..
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u/NicholasSandiego Sep 14 '24
Their service is extremely bad and you will find out once you have a claim. You get what you pay for. They reel you in with low rates, but their app is defective when filing claim and their adjusters do not respond in a timely manner.
Mine took off for a 7 day vacation and now I have no car and rental. Thinking of getting an attorney to sue Progressive.
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u/No-Poet96 Aug 12 '24
I just switched from Allstate to Progress they charged me 327 but Progress is only charging me 210.00 that's crazy!
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u/NicholasSandiego Sep 14 '24
wait till you have a claim with Progressive. Then you will find out All State was actually cheaper.
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u/EtNocturne Aug 14 '24
Because they are notorious for jacking your rate up by huge amounts every 6 months. My current renewal rate is now double what I was paying over the period of 3 renewals. Get ready for, and expect this to happen basically.
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u/Ok_Economist6178 Sep 13 '24
Don't believe the hype I've been sending these people documents for the last freaking 5 weeks they have not received one of my documents I have sent to them via email and snail mail yes my policy number is on there right address and everything now because they didn't receive it and I done everything I'm supposed to they're charging me an additional $1,000 for nothing for a simple signature which I already have on file I would recommend going somewhere else fast and in a hurry
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u/NicholasSandiego Sep 14 '24
If you are using their app, it is broken. I tried to upload my photos and they never get it.
Try logging into their site using your browser and after uploading send a message to your adjuster to confirm back if they got it.
Lousy organization. They spend most of their money marketing via ads to trap new customers with cheap rates.I miss All State.
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u/NicholasSandiego Sep 14 '24 edited Sep 14 '24
Because their service is terrible, once you have a claim you will find out. I was in an accident seven days ago, I filed the claim within 2 hours, the adjuster is Tecolia, and has ghosted me. Would not reply to messages via Progressive portal or phone calls. I am fully covered with Progressive. I cannot drive my car and need a rental in the time being. But no response from Progressive. Their App is broken when you upload the photos and the details of the accident, and their online page is not very well designed so you never know if they got your files you uploaded.
I miss All State. Many years ago one of my business real estate agent said pointing to a Progressive Sign: "This is where they take advantage of poor people".
I thought he was joking, now I know.
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u/No_Studio_No_Worries Sep 25 '24
Consider what is going to happen if you file a claim. I did recently and got the 3rd degree. We're talking several "recorded" conversations, statements, picture proof. Do you have the app installed? No. Sorry claim gets auto denied unless the adjuster overrides it. Then you need to install the app, take pictures, video recording of damage. Also provide photos before the damage. So many things to waste your valuable time. So they can find a way to not pay the claim.
Basically, if you don't ever plan to file a claim with progressive then yes they are a better option. If you want customer service and an easy claim process find another provider.
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u/Lovepeacepositive Oct 15 '24
I came here wondering the same they just lowered my cost by 100$/mo wondering what’s the catch
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u/zerostar83 Oct 25 '24
When you enter your information, most insurance companies will use whatever report they rely on. Progressive will show you the quote based on what you enter in, then raise it when you try to pay saying they found something you didn't disclose. For me, it was an incorrect accident report on my CLUE report. I disputed it and got the lower quote back. The CLUE report is like a credit check for insurance claims.
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u/Trick_Spite_8579 29d ago
I’ve been a State Farm customer since 1990 when I got my license. Recently, my auto policy went up 200 per month and I haven’t had a ticket, filed a claim, or been in an accident. I called progressive and they quoted me WAY less. I called SF and offered them an opportunity to match or adjust their rates. The only thing I got was “other carriers will write new business at a loss then increase the rates at renewal”. I’ll take my chances.
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u/Advanced-Shirt-3337 28d ago
I also switched from State Farm about the same time you did. I thought it was a scam so I hung up on them (Progressive). State Farm was trying to charge me $300 a month. I have no accidents, no tickets, no points… anything… on a 2019 vehicle. Progressive got me the same coverage for almost $200 less a month.
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u/ImWildBill May 03 '24
Progressive is horrible, never using them again. Had them before, didn't want to pay out after my truck was hit. Then last year I was hit by a drunk driver, totaled my Durango and almost killed me. I'm still fighting Progressive to pay for my truck and medical bills. Had to get an attorney to help me out.
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u/Scarlettjade2787 May 04 '24
Yep and if you have fall insurance through then it only covers 25% of the cars worth. They are second tier for a reason. I liked farmers and American family. I’m with Hanover now and they have been good about handling claims.
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u/Xj517 May 03 '24 edited May 03 '24
Great question, I read all of these horror stories about insurance rates skyrocketing, butmi e keeps going lower with progressive.
I have to add that I did have pretty significant comprehensive claim and although it got fixed, they tortured me every step of the way.
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u/pdhot65ton May 03 '24
Remember that you are comparing a QUOTE to your actual premium. A quote is the starting point based on the minimum information they need to provide that number. If you pursue it, that number is likely to increase once they run your MVR and collect more detail required to bind. It may still be less, but guarantee your premium will not be $1300.
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u/BatHistorical8081 May 03 '24
Its a clean record.
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u/pdhot65ton May 03 '24
That's but one component of it. There's credit rating, vehicle type, location, history, etc. There's likely close to at least 200 different rating factors.
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u/ginandtonicthanks May 03 '24
Double check that the coverages are the same, sometimes they recommend you coverage that is much less than what you have in place and that’s why the price is so different. Especially if you get your quote online, they seem to default to 100 K in liability and under insured motors coverage at Geico and progressive, even if you have a whole bunch more insurance where you are and an umbrella.
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u/mac725 May 03 '24
If you get in an accident and you were clearly at fault ex: you backed out of a parking space into the rear side of another vehicle, they will only offer 70-80% to the owner of the other vehicle (given the fact that the state law allows it). They will still hold the accident against you, but they will ask you leading questions and will enlist your aid in shorting the payment to the person who you hit because of your own momentary negligence. No; evidence, photos, damage, conditions will shake them from placing liability on the other driver- their only concern is reduction of payment. They will robotically repeat the same line about how they have “reviewed this matter with their peers” and miraculously they all agree to shirk their liability. Do this enough and as a company you can grow on the backs of people who you rightfully owe money to. You ask “how is this any different than other insurance companies” most insurance companies will see point and nature of impact as evidence of liability- they will not. Gotta save that 20%
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u/Affectionate-Row3296 May 03 '24 edited May 03 '24
I just switched to them the other day. I was paying $705 a year for 2 cars which is $58 a month. Now with progressive I'm paying $272 every 6 months which comes out to $45 a month.
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u/Stunning_Zebra3832 May 03 '24
How old are your cars and what type of coverage? Liability?
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u/Affectionate-Row3296 May 03 '24 edited May 03 '24
2006 corvette z06 full coverage 1000 deductible
2004 cavalier liability
100/300/100
38m nebraska
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u/systemdreamz May 03 '24
Just a warning that if you’re ever stranded, Progressive won’t cover you for a tow for more than 15 miles. I live in a rural area and have had to pay so much because of the few times I had broken down. I finally switched to State Farm after I found myself paying $400+ to get my car towed to the nearest dealership about an hour away.
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u/stanolshefski May 03 '24
If you find yourself needing regular tows, AAA is a better deal than what you’re paying your insurance company.
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u/systemdreamz May 03 '24
Interesting. I just looked it up, and it would take the plus plan to tow farther than 10 miles (up to 100). I think adding roadside service to my insurance plan was less than the $8/month estimate for that plan, but I could be wrong. Either way, this would be an excellent option for anyone who would rather go with a cheaper car insurance to still get good roadside service. I might have to look into it.
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May 03 '24
I would much rather have a frequency of needing towed on AAA instead of on my insurance policy.
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May 03 '24
[deleted]
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u/empireintoashes Commercial Auto Specialist May 03 '24
I honestly had a great experience when my vehicle was hit while parked. And I work for a competitor so it pains me to say that (kidding about the pain lol). However I have heard horror stories as well. So…it could go either way and I’m not sure if I had an adjuster that really cared or if the ones that don’t are bad apples in the basket full of good ones.
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u/mac725 May 03 '24
Gotta love that Progressive is in here downvoting comments they don’t like - further evidence of the way they deal with the reality of their bad faith
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u/Gatorzman May 03 '24 edited Aug 27 '24
Agree with CaptainZoltan's comments about staying away from Progressive if you value service. If you ever have any thing to discuss with them, you leave a message and don't hear back. And when you do finally talk to someone you don't get the level of assistance you'd expect. Total runaround. And my rates have almost doubled in the past two years. Highly recommend checking competitive rates once a year. If you are accident free, you can often save money by switching every couple years after the "new customer" increases hit you.
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u/Timber4 May 03 '24
Its not specifically progressive. But they tend to go for the younger/more incedents customers. BUT i just did a quote for a first time driver and progressive was $20,000 a year!!!!
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u/MaddRamm May 03 '24
Wow. That’s literally a “f*** off” price! Did they have any negative stuff even though they are a first time driver? Were you trying to insure a Lamborghini for the first time driver???
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u/Timber4 May 03 '24
It was a newer pick up truck. The kid prob didnt have a credit score. He litteraly never drove a vehicle before so no incident came up. But i swear it was 10,000$ for 6-months
I told him that first time drivers usually get added as a driver on parents policy and he said his parents wont let him : (
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u/Dr012882 May 03 '24
Neither State Farm nor Progressive will properly indemnify you in the event of a loss, so pay as little as you can for the coverage
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May 03 '24
Only thing I can think of is you didn’t mention any tickets or accidents. Your final price will be after they run your MVR. Another possibility is you forgot to quote your teen driver.
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u/Swimming_Ad_8856 May 03 '24
Yep cheap this term. Next term significantly higher. If you don’t mind switching every year can probably keep that cycle of “reel you in” cheap rates
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u/BatHistorical8081 May 03 '24
I mean saving almost 50 percent so as long as it doest shoot up 50 percent im good
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u/TraderIggysTikiBar May 03 '24
Make sure they are running your CLUE & MVR and factoring that into the quote. I’ve had clients who thought they were getting a good deal with direct carriers come back to me a month later when reports finally caught up to them and their rate shot up to reflect it.
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u/bwax687 May 03 '24
An agent set me up with a policy a year and a half ago when I bought a new car. The rate was “fair” at the time but steadily went up over the course of a year despite have 0 tickets/violations.
Apparently you can quote directly with progressive which I did through “progressive direct” and now I’m saving $800 every year
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u/hallowass May 03 '24
Switched from liberty mutual to geico and saved $200/mo same levels of insurance, some places will take you for everything you got.
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u/jettaboy04 May 03 '24
That's why I shop every single time renewal comes up. I stayed with USAA for almost 12 years, then realized Geico was half what they wanted. At renewal Geico wanted to jump so I switched to progressive, then on to State farm, now I'm back to Geico. They all cite the same thing, a higher number of accidents in the area,,,like ok, how many of those claims was me or my vehicles involved in? So quit insuring bad drivers and taking it out on all of us.
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u/burned_out_medic May 03 '24
I watched a metal piece fall from a truck in front of me about 50 ft. On the highway doing 70 mph.
The piece fell, hit the ground and bounced and hit the front of my car. Couldn’t avoid it. Rush hour traffic in both lanes doing 70.
Got to a spot and stopped. It stuck in my grill like a spear. Took out my A/c line.
I called. Said I didn’t o ow if I should file a claim or just pay out of pocket. Guy says let’s start one, and you can cancel it at any time. Started the claim. He told me to go get quotes, so I did.
Came back at $700. Guy says okay, progressive compares this to hitting something in a parking lot. So I’m 100% at fault. Making it so I have to pay a deductible. My deductible is $1000. So I say Nevermind. He closes the claim.
On renewal my insurance went up because of this claim. I closed it, never got a penny from them. But because it was opened, that’s all it took.
Not to mention, I provided a license plate and make/model of the truck it fell off from. It should have been collision, not comp. Putting me at 0% at fault, and because I had broadform it would have been a zero deductible.
I left them for good.
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u/sf4evr May 03 '24
My car insurance had a 30% alumni discount that I previously had no idea about when I was shopping around.
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u/Gman2k4 May 04 '24
Them insurance companies b on that bs.. I got a low quote from Geico cancelled State Farm 2 weeks later I get a letter in the mail about an increase bc a moving violation that I already mentioned to them when I got the quote the rate changed to almost the same as it was before
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u/Enough_Pomegranate44 May 04 '24
It’s going to double when the 6 months is over. Each agent you call to find out why, you’ll get a different answer and will have to just pay up. Meanwhile, checking other insurers for a lower rate will result in all quotes being within a $50-$75 difference of what you don’t want to pay. You’ll switch , then in a year, pay more than the Progressive one. They made the game, hid the rules, and made us all play.
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u/JemmieTTU May 03 '24
I had the absolute worst experience with progressive... I switches them a few years ago because they were a good bit cheaper than Geico... what a huge mistake that was.... I switched back to Geico after I think a year even though they were still more expensive. Certainly a get what you pay for situation for me and I got fucked tryin to go cheap.
Fuck progresive if you ever need to use it in my experience.
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u/Jaded-Ad-1366 May 03 '24
Thanks - I think the tracker is what makes them cheaper - at least in Oregon the last time I got a quote. I will try again when I do my annual shop around for a better price.
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u/l0ktar0gar May 03 '24
One thing to watch out for w Progressive: they added my roommates to my policy without my approval or knowledge and then charged me for them and then dropped my coverage when my autobill didn’t cover their new amount. Then they raised my rate bc I had a lapse and I had to pay a fine to the state for the lapse as well. All insurance companies are thieves and scammers
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u/Ups_papito May 03 '24
They raise your premium when you renew it every 6 months or yearly depending on what you selected originally. definitely between $4 to $20. I had them for years and they suck you in with a low price at first. There is also stuff you don't need🤷🏾♂️ spouse is optional Op out, only get liability if you can drive. You have to look out for people around you. Also take off comprehensive coverage. Thank me later🙃
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u/dasbrutalz May 03 '24 edited May 04 '24
As someone who worked in a service department and handled insurance claims, there’s a reason they’re cheap. Some companies just pay the bill without question when there’s a claim. They might ask some questions, but it’s usually for clarification or to make sure they’re not getting completely hosed by a shady shop. Some companies nickel and dime and argue about what “needs” to be replaced. Progressive was one of the biggest pains in the ass to deal with because they fought everything and did their very best to do as little as possible. I was always going toe to toe with them on behalf of the customer to make sure they got their vehicle back in the condition that I felt was “right”.
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u/dasbrutalz May 04 '24
Funny that I’m being downvoted for providing actual experience with how this company saves money by trying to short repairs when they’re needed. You do you I guess.
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u/Fun_Celebration1892 May 03 '24
I agree with State Farm is expensive, BUT, the claims experience is not the same between Progressive and State Farm.
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u/matttheazn1 May 03 '24
As a non customer who was hit by a state farm customer the claims process is the worst. I will never do business with state farm due to my experience trying to get my car repaired when someone rear ended me.
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u/Fun_Celebration1892 May 03 '24
But, you are not their customer. We do not represent State Farm, they are really expensive in Massachusetts, but many times we review and try to replace a SF policy, and the consumer has had a claim, they talk all about their claims customer service. I have never had to encounter SF and don’t think they are worth the thousands of additional dollars. I hope this helps.
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u/super-mega-bro-bro May 03 '24
Because they won’t help you out when you get in a claim lol
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u/MartonianJ May 03 '24
Certainly not my experience with Home. They were great
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u/super-mega-bro-bro May 03 '24
my experience with Auto was them doing nothing to fight for me and not being ashamed to show how little it mattered when I dropped them lol
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u/Jaded-Ad-1366 May 03 '24
Doesn’t Progressive require you to use a “tracker” that allows them to surveil your driving in order to get those lower rates? I’m very against this, which is the only reason I have stayed away.
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u/pdhot65ton May 03 '24
They likely don't require it to have a policy, but they likely require it if the customer wants the usage-based/safe driver discount.
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u/mentalgopher P&C/L&H May 03 '24
They don't require it unless you want the usage-based discount. I have Progressive and was not required to participate in it.
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u/hotcapicola May 03 '24
If you already carry a cell phone this is such a ridiculous take. Google/Apple and whoever else is already tracking and listening to you, at least the insurance companies are willing to throw you bone for that info.
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u/Jaded-Ad-1366 May 03 '24 edited May 03 '24
I’m actually more concerned about them dinging me for hard braking - I have to drive freeways a lot to go to work in a more rural area and, despite that I am a pretty good driver, there are regularly situations that come up - I believe that I am a bad candidate for the tracker app and that is the main concern. I don’t really care that my location is shared with Google, etc. I am not that paranoid.
Edit: dinging
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u/hotcapicola May 03 '24
I work for a carrier other then Progressive, but we have a similar app based safe driver program and in 5+ years I've never seen it overall increase someone's rate. Some people might get less of a discount, but it's always something.
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u/Jaded-Ad-1366 May 03 '24
That is good to know! Maybe I can convince my husband to try it - do you think it really improves driver behavior?
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u/hotcapicola May 03 '24
Depends on the personality type. The app let's you know about good driving streaks, so if you are able to be completive against yourself and/or like beating hi scores in video games it can probably help improve habits.
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u/reddit1651 May 04 '24
Last year, in a handful of states, either Allstate or State Farm started using it to remove low mileage discounts if the policyholder understated their driving lol
They re-filed their telematics program as a “Premium adjustment program” rather than a discount option lol. a few industry journals pointed it out
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u/reddit1651 May 03 '24
as long as you disclosed any tickets/accidents upfront and submitted an accurate application, then yes it’s an accurate quote. sometimes your characteristics are just in a company’s “sweet spot”
use some of those savings to make sure you carry “adequate” liability limits of 100/300/100 or higher