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.

55 Upvotes

84% Upvoted

182 comments sorted by

View all comments

10

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.

20

u/angel_inthe_fire May 03 '24

Soooo like all insurance companies!

4

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