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

Quick Facts

• Based on national averages for auto insurance, Concord Group offers significantly less expensive premiums than Progressive
• Concord Group offers more affordable prices for policyholders who are looking to purchase insurance with a spouse
• Progressive may help you save more money -- they offer more discounts than Concord Group Insurance

Concord Group or Progressive: Which Company has the Cheapest Car Insurance?

So, you're thinking about switching to a new insurance policy. With so many ads from all sorts of companies offering big savings, you're probably wondering exactly how much you might be able to save.

You might be considering Concord Group or Progressive for your next policy, but which one has more affordable premiums for insurance?

Looking at the national average rates for both carriers, Concord Group is quite a bit cheaper than Progressive, with prices averaging $74 a month compared to $180 with Progressive.

But Concord Group may not be the most affordable or best option for each driver out there. Auto insurance companies use a variety of complex algorithms to determine rates, so depending on how clean your driving record is or where you live (among a lot of other factors), you could see wildly different prices from the ones above.

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

Concord Group vs. Progressive: Average Car Insurance Rates by State

Concord Group and Progressive only compete against each other in two states, with Concord Group offering cheaper premiums to the average driver in all of them. Vermont has the most noticable difference, where Concord Group prices are $60 more affordable than car insurance rates at Progressive.

There's a lot more that goes into your auto insurance cost than just where you call home. Continue reading to learn more about how other variables will affect your rates.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- usually pay a lot for car insurance compared to older drivers. Generally, that's because teen drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

But still, even with seemingly sky-high premiums, teen drivers can still find ways to save money. Just look at the table above -- where 18-year-old drivers who have Concord Group for their insurance pay almost 65% less than those who use Progressive.

That being said, both carriers will offer you dramatically lower prices by the time drivers turn 25. Progressive offers the steepest decrease, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. That being said, Concord Group still has the cheapest premiums at $74 per month.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll normally enjoy the lowest car insurance rates out there. You've been on the road for years, and all that experience pays off when it comes to your monthly premiums for insurance.

So, which carrier offers the best rates to retired drivers? Concord Group gets the edge, with prices for drivers 65 and older nearly 60% cheaper than the national average for Progressive.

Which is the Best Company for Married Drivers?

Married drivers tend to get slightly less expensive auto insurance rates than single policyholders. That's because policies for married policyholders typically cover multiple vehicles, which quite a few companies will give you a discount for.

For single drivers, the difference in average prices between these two carriers is significant, with Concord Group premiums coming in at around a third of Progressive's. The advantage for married couples with Concord Group is also obvious, where drivers save about $75 per month.

Concord Group or Progressive: Average Rates by Gender

You may not know, but insurance is normally cheaper for women than it is for men. This is because men are statistically more likely than women to cause a collision and get into accidents, which leads to increased risk for insurers and, therefore, higher prices.

On average, women see rates around $10 a month cheaper with Concord Group, but with Progressive, the difference is closer to $5 per month.

Looking at the data for each company specifically, Concord Group comes out as the most affordable option for both genders. On average, women save about $109 a month and men save about $104 with Concord Group compared to the average Progressive policyholder.

Concord Group vs. 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.

For most people, car insurance can be pretty complicated. Everyone needs auto insurance, but there are so many different terms and coverages that it can be hard to find the right policy for you.

Even so, most policies end up falling into two different types of coverage -- liability coverage (which covers the other party's property damage and injuries if you cause a collision) and full coverage (which includes collision and comprehensive coverages that protect your own car, in addition to liability coverage).

Looking specifically at state minimum liability limits, Concord Group has the significant edge, with average monthly premiums coming in at $47. If you want a full coverage policy with the same state minimum limits, Concord Group again has the edge, with policies averaging around $101 per month to Progressive's $250.

Is Concord Group or Progressive Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their insurance. But that's not to say you can't save money if you don't have the best driving record, either.

It's no secret secret that speeding tickets and collisions lead to higher prices, but which carrier -- Concord Group or Progressive -- has the lowest premiums for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Concord Group for their auto insurance can usually expect their monthly bill to go up about 14% after getting a speeding ticket. Progressive policyholders can expect a bit more drastic of an increase of around 17%.

However, Concord Group has less expensive rates for drivers in both categories. With Concord Group Insurance, drivers with a clean record can save about $94 a month and drivers with a ticket can save around $116 per month.

Which Company is Best for Drivers After an Accident?

Both companies will raise prices pretty significantly if you get into an at-fault collision with Progressive raising by about 30%. Concord Group has a less extreme climb, but you can still expect to pay nearly 35% more than you were prior to your first accident.

At the end of the day, Concord Group offers the cheapest premiums for drivers with an at-fault collision on their records, with average rates coming in at $82 compared to Progressive's $214.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge, you can expect some pretty significant increases in your monthly car insurance bill -- typically a lot more than an accident or speeding ticket. Concord Group drivers usually see a 42% increase in their insurance premiums after a DUI charge, while Progressive will generally climb rates by around 16%.

How does Credit Score Impact Concord Group and Progressive Rates?

Did you know many auto insurance carriers take into account your credit score when determining prices? This isn't true for everyone (Hawaii, for example, has banned the use of credit score as a car insurance factor) but it will come into play for many drivers.

Car insurance companies argue that those with poor credit scores are less likely to pay their bills on time every month, which raises the risk involved on their end, while the opposite is true for those with good credit.

So, which company offers the best rates for policyholders with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

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

The amount of time you spend behind the wheel of your car plays a big role in your monthly premiums. Typically, those who drive fewer miles will end up with more affordable prices since there's less of a chance of causing a collision and filing 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 Concord Group, with policyholders who drive 6,000 miles each year paying about $2 less every month compared to those who drive 12,000 miles yearly. Still, for drivers in both categories, Concord Group is the less expensive carrier.

Concord Group or Progressive: Compare Rates for Urban, Suburban, and Rural Drivers

We've already mentioned how your home state can play a role in how much you pay for auto insurance, but the type of area you live in can have a considerable impact as well. Normally, those who live in urban areas will pay more than drivers in rural areas since there are a lot more vehicles on the roads where they live.

Concord Group boasts the lowest average prices for drivers in all areas, regardless of if they're urban, suburban, or rural.

Those in rural areas can expect to save around 57% with Concord Group compared to Progressive. People who live in suburban areas pay about 58% less with Concord Group compared to Progressive. For policyholders in urban ZIP codes, Concord Group Insurance's average rates are around 61% less than Progressive.

Concord Group vs. Progressive Discounts

You want to save as much money as you can, right? The best way to do that is by taking advantage of as many car insurance discounts as possible.

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.

Luckily, we did the hard work for you and looked at all of the different discounts Concord Group and Progressive offer their customers so that you can see which carrier offers the most discounts and see which ones you might be able to take advantage of.

Progressive knocks Concord Group out of the park when it comes to the sheer number of discounts available, offering 21 more discounts than Concord Group.

A couple of those are overlapping for things like ABS discounts, anti-theft discounts, discounts for being a defensive driver, and multi-policy discounts. Progressive also offers discounts for advanced safety feature, agency transfer, continuous insurance, and more.

On the other hand, Concord Group has a few proprietary discounts of their own for things like life policy discounts, new business discounts, safe car discounts, and more.

Final Thoughts: Is Concord Group or Progressive Best for You?

So, you've seen how different factors can affect your insurance premiums. We've broken down the different discounts each company offers, too. That's all well and good, but when it comes down to it, is Concord Group or Progressive the best company for you and your specific profile and needs?

Concord Group might be best for you if....

• Your credit is less-than-stellar.
• Your home is located in the suburbs.
• You're of retirement age and want to take advantage of lower prices.

Progressive might be best for you if...

• You already have plans to move to another state -- undefined only offers policies in.
• You care about discounts (Progressive offers the most).

Hopefully, this guide helps you get a good idea of the differences between Concord Group and Progressive. We also hope we've given you the information you need to make the best 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 auto insurance policy is to compare quotes from several carriers, not just Concord Group and Progressive. Luckily, sites like Compare.com do all the hard work for you. Simply enter your ZIP code below and get free quotes from dozens of the top insurance companies in your area, all in just a few minutes.

Concord Group vs. Progressive FAQs

Is Concord Group or Progressive cheaper?

Concord Group is the cheaper of the two carriers when looking at national average rates, with policies averaging $74 a month with Concord Group and $180 for Progressive. Even so, that doesn't mean Concord Group will be the cheapest carrier for everyone, since there are a bunch of different variables that come into play when it comes to your auto insurance bill.

Who is better, Concord Group or Progressive?

Sadly, the only answer we can give you is "it depends.". One company is not "better" for everyone -- it all depends on what your unique insurance profile looks like.

Why do Concord Group and Progressive offer me different rates?

Car insurance companies use a lot of different factors when calculating the premiums they charge. Things such as your driving record, age, where your home is, gender, and sometimes even things like your credit score can all be used. Both Concord Group and Progressive calculate prices differently, so it's likely they'll offer different premiums. The best way to determine which carrier is the lowest for you is by comparing personalized quotes from multiple different carriers.

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

The only way to find the insurance company 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 area information and you'll get quotes from dozens of your local top car insurance carriers for free. That way, you can guarantee you're getting the cheapest price. And maybe you'll find that the best carrier for you isn't Concord Group or Progressive at all, but another you hadn't even thought of!

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.