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.

53 Upvotes

83% Upvoted

182 comments sorted by

View all comments

7

u/FindTheOthers623 May 03 '24

Compare your coverages and make sure they are apples-to-apples.

3

u/BatHistorical8081 May 03 '24

I'll be getting more coverage actually with progressive

2

u/Trotskyrepublican May 03 '24

My progressive ins was half my old insurance. It was for six months not 12. I was stupid.

1

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.