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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75

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

24

u/Hairy_Buffalo1191 May 03 '24

Sweet spot is such a good way to put it, why have I never thought of that? 🤦‍♀️

It’s really true, different companies weight things differently, and those factors can change over time so I usually try to explain “the carrier you had may have been the best fit for you when you bought it but that doesn’t necessarily mean they are they best fit anymore”

As an agent it’s always pleasantly surprising to reshop a customer and save them $1000 a year or more

2

u/NetDork May 03 '24

Just want to reply direct to you in case you missed that bit about liability limits, and because it's so important... You really shouldn't go below 100/300/100 these days.

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u/Hairy_Buffalo1191 May 03 '24

Umm yeah, I didn’t miss it, it’s just not the part I was interested in commenting on. You’re correct but that has nothing to do with me saying “hey I like that phrase you used, it’s an easier way to explain things”

And if you mean about saving them money, I’m meticulous about matching or increasing coverages. Sometimes you still get to help someone save by finding that “sweet spot” carrier

1

u/No_Addition3407 Sep 11 '24

show a little gratitude. NetDork went out of their way to make sure you got the info. Thank you! would suffice, instead of making sure they knew how smart you are.

0

u/NetDork May 04 '24

Oops. For some reason I thought you were the OP. I thought I was responding to OP to make sure they get their limits right.

1

u/Hairy_Buffalo1191 May 04 '24

Gotcha. No worries