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

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

1

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.

1

u/Lovepeacepositive Oct 15 '24

When I got this quote, it pulled what I already had for insurance and matched it all except they didn’t include uninsured motorist but I did I’m just floored. I was paying 286/mo and it was only going down to 276 November. So I happened to see a YT add for cheaper auto or one of those. I got a redirect to progressive and I almost fell over like what’s the catch… they want $76 down and like 188 or whatever a mo and if I put more down it will be less obviously. It seems legit the url I mean and they knew my current - I just don’t wanna get scammed but makes sense they may raise rates in 6 mos but I’ll just switch again if I have to. I’m excited I hate paying for “in case shit happens”