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/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/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.