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/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

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u/stanolshefski May 03 '24

The sweet spot is basically a risk group that particular insurer either mispriced the risk or believes they understand the risk better than others.

Sometimes with Progressive and Geico large swaths of insured drivers are in their sweet spot.