Chubb vs. Progressive: Which Company is the Best Fit for You?

Quick Facts

• Based on national averages for insurance, Progressive offers significantly more affordable premiums than Chubb
• Progressive offers more affordable prices for policyholders who have a clean record
• Progressive tends to be a much cheaper option for drivers with a DUI charge on their record

Chubb vs. Progressive: Which Company has the Cheapest Car Insurance?

Are you considering a new insurance policy? You've probably seen commercials and billboards from companies offering big discounts, but exactly how much money can you save by switching?

You've maybe even narrowed your search down to Chubb or Progressive, but between the two, which carrier will save you the most?

Looking at nationwide averages, Chubb has average rates that are about 40% per month more expensive than those from Progressive.

But that doesn't mean Progressive will necessarily be less expensive than Chubb for each driver. Auto insurance companies vary their premiums depending on things like where you live, how clean your driving record is, how old you are, how good your credit score is, and tons of other factors, so rates will change quite a bit from person to person.

Wanting to know if Chubb or Progressive is really the right carrier for you? Keep on reading to see how average prices can change based on all of the factors we've mentioned above.

Chubb or Progressive: Average Car Insurance Rates by State

Chubb and Progressive compete against each other in five states, with Chubb offering more affordable premiums to the average driver in all of them. Wisconsin has the most noticable difference, where Progressive rates are over 70% less expensive than insurance prices at Chubb.

There are plenty of other factors that go into your car insurance bill than just your home state. Continue reading to see how other factors will affect your rates.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive insurance premiums of any other group of drivers. That's because young, inexperienced drivers are statistically much more likely to get into an accident that results in an insurance claim, making them much riskier to insure.

But still, even with seemingly sky-high prices, teen drivers can still find ways to save money. As you can see above, teens who use Progressive save nearly $200 a month compared to those who use Chubb.

However, with both carriers, you'll see your rates reduce significantly once you turn 25. Progressive offers the steepest drop, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. Chubb's average prices lower almost 55% during that same period.

Which is the Best Company for Retired Drivers?

Drivers around retirement age usually enjoy some of the lowest car insurance rates you'll ever see. After all, they've likely been driving for quite some time, which normally decreases their chances of accidents and other infractions that can increase premiums.

But who has the best rates for retired drivers between Chubb and Progressive? Progressive gets the edge here, with average premiums coming in at around $131 a month compared to Chubb's $187.

Which is the Best Company for Married Drivers?

You may not be aware, but auto insurance prices tend to be more expensive for single drivers than they are for married couples. This usually boils down to married drivers having multiple cars on their policy -- something quite a few car insurance companies will reward with discounts.

When it comes to relationship status, Progressive is the clear winner for those who are single, with premiums about $117 per month cheaper than Chubb, on average. The advantage is also clear for married policyholders - Progressive offers the cheapest average rates.

Chubb vs. Progressive: Average Rates by Gender

Men are statistically more likely than women to get pulled over for speeding or get into an accident. That means when it comes to insurance men will generally end up paying a little more.

Usually, men see prices around 4% a month higher with Chubb, and about 3% more with Progressive.

Looking at the data for each company specifically, Progressive offers the most affordable average premiums for both men and women, with average prices 38% less for men and 38% cheaper for women.

Chubb or Progressive: Compare State Minimum vs. Full Coverage Rates

*State minimum value indicates liability-only policies at each state's minimum bodily injury and property damage (BI/PD) limits

**Full coverage indicates state minimum BI/PD limits with collision and comprehensive coverages added to policy.

Auto insurance isn't the easiest topic to understand. There are so many different terms and coverages that it can make it pretty confusing to find the right policy.

The two most common policies end up falling into two different types of coverage -- liability only (which provides property damage and bodily injury coverage for other drivers if you cause a collision) and full coverage (which typically refers to having comprehensive and collision coverages alongside liability).

If you're looking for state minimum liability insurance, Progressive usually offers significantly less expensive rates of $111 compared to Chubb's $169. When it comes to full coverage policies with similar limits, Progressive again has the edge, with policies around $150 per month cheaper than Chubb, on average.

Is Chubb or Progressive Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from car insurance carriers offering great prices for good drivers, but that doesn't mean people with less-than-perfect driving records can't save money, too.

Tickets and collisions will most likely raise your rates, but is Chubb or Progressive more affordable for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Chubb policyholders can expect their premiums to go up an average of $38 a month if they get a ticket, while Progressive generally raises rates about $31 per month, on average.

Even so, Progressive is typically the cheaper option for drivers both with clean records and with a speeding ticket, offering prices that are 33% and 31% more affordable, respectively, compared to Chubb.

Which Company is Best for Drivers After an Accident?

Both companies will raise premiums pretty significantly if you get into an at-fault accident with Chubb increasing by over $65. Progressive has a less extreme climb, but you can still expect to pay $65 more than you were prior to your first collision.

Overall, drivers who use Progressive end up with the cheaper prices after an accident, with monthly rates averaging $214 compared to Chubb's $290.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge on your record, it's probably going to cost you more than a simple ticket or even an accident. For example, Chubb increases average prices by more than $150 a month -- that's just under a 45% increase.

How does Credit Score Impact Chubb and Progressive Rates?

Did you know that many insurance carriers take your credit score into account when calculating premiums? Certain states and companies do not allow for credit score to be used as a rating factor, but it does affect several drivers out there.

Auto insurance carriers argue that those with good credit scores are more likely to pay their bills on time each month, which reduces the risk involved on their end, while the opposite is true for those with bad credit.

Looking at Chubb and Progressive specifically, which company has the lowest rates for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Chubb or Progressive Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a sizable impact on how much car insurance companies will charge for coverage. That's because the more miles you put on your vehicle each year, the more likely you are to get into a collision and cause an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Progressive charges. However, there's a small difference in monthly premiums for Chubb, with policyholders who drive 6,000 miles annually paying around $10 less every month compared to those who drive 12,000 miles each year. Still, Progressive is the less expensive option for drivers in both categories.

Chubb vs. Progressive: Compare Rates for Urban, Suburban, and Rural Drivers

Where your home is can have a pretty big impact on your monthly auto insurance payment. Normally, those who live in urban areas will pay more than drivers in rural areas due to the number of cars that are on the roads in those areas.

Progressive boasts the most affordable average prices for drivers in all areas, regardless of if they're urban, suburban, or rural.

Policyholders in rural ZIP codes see the cheapest premiums from both carriers, but Progressive comes out on top with average rates about $154 monthly. Progressive also has more affordable average prices for drivers in urban and suburban ZIP codes -- a 43% and 31% per month respective difference when compared to Chubb policyholders in similar areas.

Chubb vs. Progressive Discounts

Regardless of why you might be in the market for a new insurance policy, you're always going to want to save as much money as possible. That's where auto insurance discounts comes into play.

But with what seems like a million different discounts out there, it can be challenging to nail down the carrier that has the most discounts for your unique driver profile and to find all the discounts you qualify for.

In the section below, we've broken down all of the different discounts offered by both Chubb and Progressive so that you can easily see which company offers the most discounts and see which ones you might be able to take advantage of.

Progressive blows Chubb away when it comes to the sheer amount of discounts available, offering 34 different discounts to Chubb's 15.

Both companies offer quite a few of the same discounts -- like anti-theft discounts, distant student discounts, DRL discounts, and multi-policy discounts -- but Progressive also offers advance quote discounts, advanced safety feature discounts, agency transfer discounts, and more that Chubb does not.

On the flip side, Chubb has a couple unique discounts of its own -- discounts for getting driver training, driver-vehicle combination discounts, occasional operator discounts, and more.

Final Thoughts: Is Chubb or Progressive Best for You?

So, you've seen how different variables can affect your car insurance premiums. We've broken down the different discounts each company offers, too. But, when it comes down to it, which insurance carrier is the right one for you and your specific profile and needs?

Progressive might be best for you if....

• You're single and purchasing insurance by yourself.
• You want basic auto insurance coverage at the state minimum limits.
• You don't spend much time in your car.

Chubb might be best for you if...

• You have a more unique driver profile than those we mentioned above.

We hope this guide helps you get a good idea of the differences between Chubb and Progressive and that you can now make a more informed decision when it comes to your car insurance.

At the end of the day, the best way to make sure you're getting the best deal on your insurance policy is to compare quotes from multiple carriers, not just Chubb and Progressive. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your ZIP code below and get free quotes from dozens of the top auto insurance companies in your area, all in just a few minutes.

Chubb vs. Progressive FAQs

Is Chubb or Progressive cheaper?

Looking just at the national average rates, Progressive is the cheaper of the two carriers, offering average rates of $180 a month compared to $291 for Chubb. That being said, Progressive won't necessarily be the most affordable company for every driver, since there are a variety of different factors that come into play when it comes to your insurance cost.

Who is better, Chubb or Progressive?

Sadly, the only answer we can give you is "it depends.". No single carrier is necessarily "better" for each driver -- it all boils down to your unique car insurance profile.

Why do Chubb and Progressive offer me different rates?

Insurance companies take a look at a lot of different variables when determining the prices they charge drivers. Things like where you park your vehicle, where you call home, age, gender, and sometimes even things like your credit score can all come into play. Both Chubb and Progressive calculate premiums differently, so each one will most likely offer different prices. The only real way to see which company is the cheapest for you is by comparing personalized quotes from several different carriers.

How do I know if Chubb or Progressive is right for me?

The only way to find the car insurance carrier that's right for you is by getting quotes from a handful of companies and finding the one best suited for your individual budget. Luckily, Compare.com makes it easy for you to do just that. Just enter your information once and you'll get free quotes from dozens of the best auto insurance carriers in your area. With those, you can guarantee you're getting the lowest price. And who knows, the best company for you might not be Chubb or Progressive at all!

Methodology

All of the data referenced in this article has been gathered in collaboration with Quadrant Information Services. We analyzed more than 2.5 million rows of carrier-reported data to calculate the average rates referenced above. All rates are based on an insurance profile of a single-vehicle policy for a driver that owns a 2016 Honda Accord. For more information on how we calculate rates, please reference our data methodology.