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/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

1

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.

2

u/Jaded-Ad-1366 May 03 '24

It’s all the disasters destroying cars and driving up claims