Allstate vs. Progressive: Car Insurance Comparison Tips

June 17, 2014

When you’re shopping for a new car insurance policy, the choices can be overwhelming. You’ve seen the TV commercials, and you know that all the big car insurance companies promise attentive service and savings on your premiums. So which insurer is really best for you?

Why Compare Allstate and Progressive?

Allstate and Progressive are two of the largest car insurance companies in the United States, so you know they both boast financial strength and a robust nationwide network of agents. While cost is the biggest consideration, you also want to be sure that your insurance company is reliable and fair. If you’re considering switching to Allstate or Progressive, here’s some information to help you make the right choice.

About Allstate Auto Insurance

Founded in 1931, Allstate is the third-largest auto insurer in the United States and the largest publicly held personal lines property and casualty insurer. At the end of 2013, Allstate had nearly 12,000 exclusive Allstate agencies and financial representatives in the United States and Canada. The company also owns Esurance, the popular online-only car insurance solution.

Advantages of Allstate

Allstate’s famous slogan, “You’re in good hands,” reflects the company’s commitment to customer service. Every Allstate customer has a relationship with a local agent, who handles claims and questions. Allstate offers a Claim Satisfaction Guarantee: if you’re not happy with your auto claim, the company says it will credit you with up to six months of your premium costs.

Allstate may not always be the cheapest car insurance option, but the company does offer a slew of discounts. If you’re a safe driver, the company says, you could save up to 45 percent on car insurance. Allstate scored about average for its overall purchase experience in the 2013 Insurance Shopping Study conducted by J.D. Power.

Allstate’s top discounts:

  • Safe Driver: up to 45 percent discount
  • Passive Restraint: up to 30 percent discount (for cars equipped with airbags and other passive safety devices)
  • New Car: up to 30 percent discount if you’re the car’s first owner or your car is less than two years old
  • Good Student: up to 20 percent discount

About Progressive Auto Insurance

Founded in 1937, Progressive has gained a reputation as an innovator in auto insurance. It was the first insurance company to let customers compare free insurance quotes online, for instance, and has been named the #1 car insurance website by Keynote Competitive Research.

Advantages of Progressive

Progressive touts its customer-friendly web features, such as Name Your Price — a tool that allows users to enter their desired car insurance expenses and then suggests policies that fit their budget. Progressive uses a system of independent agents, which many customers like because they offer personal attention. However, Progressive scored below average for its overall purchase experience in the 2013 Insurance Shopping Study conducted by J.D. Power.

Progressive claims new customers save $500 on their car insurance, on average. Progressive’s Auto Insurance Loyalty Rewards program also gives longtime customers benefits, such as a lifetime renewal guarantee and large accident forgiveness after five years (including three years of safe driving.)

Progressive’s top discounts

Progressive doesn’t list the percent savings for the discounts it offers, but you can see your savings when you get a quote.

  • Progressive Snapshot safe driving discount: Discounts for safe driving habits, tracked by a small device that’s installed in your car for 30 days. Allstate offers something similar, called Drivewise.
  • Online discount: You get an immediate car insurance discount simply by buying your policy and signing the documents online.
  • Multiple policies discount
  • Good student discount

Which is the right insurance company for you?

Allstate and Progressive are both popular auto insurers with millions of customers. So which one should you choose? To help you decide, take a close look at what each company offers specifically for customers like you. If you have a clean driving record, or teenagers at home, look at the programs and discounts Allstate and Progressive offer. It also helps to read recent customer reviews. Get free quotes now!

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