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

Quick Facts

• In general, Progressive offers less expensive rates than Hallmark Financial
• Progressive offers more affordable average premiums for drivers who have an at-fault accident on their record
• Progressive tends to be a much less expensive option for people who are single and purchasing car insurance by yourself

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

So, you're thinking about switching your auto insurance. You've probably seen commercials and billboards from companies offering large discounts, but exactly how much money can you save by switching?

You've maybe even narrowed it down to Hallmark Financial or Progressive for your next policy, but between the two, which one will offer you cheaper rates?

Looking at the national average rates for both companies, Progressive is about $31 per month more affordable than Hallmark Financial.

However, Progressive may not be the cheapest or best option for every driver out there. After all, auto insurance carriers can offer drastically different rates to each driver depending on rating factors like where you call home, your credit score, your driving record, or even your age (among other things). So, at the end of the day, prices from every carrier will differ quite a bit from person to person.

So, if you want to find out which of Hallmark Financial or Progressive is really the best for you, keep reading to see average premiums for each company broken down by a bunch of different rate factors.

Hallmark Financial or Progressive: Average Car Insurance Rates by State

Hallmark Financial and Progressive only compete against each other in three states, with Progressive offering less expensive prices to the average driver in all of them. Oklahoma has the most noticable difference, where Progressive premiums are over 70% cheaper than insurance rates at Hallmark Financial.

There are plenty of other factors that go into your car insurance cost than just where you live. Keep reading to learn more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive auto insurance premiums of any group on the road. Generally, that's because young, inexperienced drivers are statistically much more likely to get into accidents since they have less experience on the roads.

That being said, that doesn't mean that teen drivers have to just accept sky-high car insurance rates. Just look at the table above -- where 18-year-old drivers who have Progressive for their insurance pay more than $25 less than those who use Hallmark Financial.

Even so, both companies will decrease prices once you turn 25. For example, average rates for Hallmark Financial policyholders lower over 60% and Progressive's premiums drop nearly 70% over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll normally enjoy the most affordable auto insurance prices you'll ever see. You've been on the road for years, and all that experience pays off when it comes to your monthly rates for insurance.

When looking at Hallmark Financial and Progressive specifically, which carrier is best for retired drivers? Progressive gets the edge here, with average prices coming in at around $131 a month compared to Hallmark Financial's $154.

Which is the Best Company for Married Drivers?

Did you know that auto insurance premiums are typically more expensive for those who are single than they are for married policyholders? That's usually because married drivers tend to own and insure more than one car, which can often earn you a discount.

When it comes to relationship status, Progressive is the clear winner for single policyholders, with rates about $34 a month more affordable than Hallmark Financial, on average. For married couples, the advantage is clear again - Progressive has the edge when it comes to average premiums.

Hallmark Financial vs. Progressive: Average Rates by Gender

Men are statistically more likely than women to get into accidents and file an insurance claim, which means they'll typically end up paying more for car insurance than women.

Typically, men see prices almost 10% per month higher with Hallmark Financial, and around 3% more with Progressive.

Looking at overall affordability, Progressive offers the lowest average premiums for both men and women, with average rates $38 less for men and $23 cheaper for women.

Hallmark Financial 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.

It's no secret that auto insurance can be a complicated subject for most people. There are several different coverages that account for lots of different things. Some protect you and your vehicle, while others only provide coverage for other people's property and health if you cause an accident.

The two most common policies end up falling into two different types of coverage -- liability only (that covers property damage and bodily injury for other drivers if you cause a collision) and full coverage (which includes comprehensive and collision coverages that protect your own vehicle, in addition to liability coverage).

If you're looking for state minimum liability insurance, Progressive generally offers slightly cheaper prices of $111 compared to Hallmark Financial's $115. When it comes to full coverage policies with similar limits, Progressive again has the edge, with policies about $55 a month less expensive than Hallmark Financial, on average.

Is Hallmark Financial or Progressive Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their car insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

You'll probably end up paying more with tickets and collisions on your record, but which of these two carriers offers the most affordable premiums to drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Hallmark Financial policyholders can expect their prices to go up an average of $14 per month if they get a ticket, while Progressive usually raises rates around $31 a month, on average.

But Progressive has more affordable prices for drivers in both categories, offering rates that are 23% and 13% less expensive, respectively, compared to Hallmark Financial.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their insurance through Hallmark Financial can expect to see about an $35 -- or around 15% -- increase in their car insurance premiums. Drivers who use Progressive for their auto insurance will see a monthly bill about $65 (or 30%) more expensive after reporting an accident to their insurance company.

Overall, drivers who use Progressive end up with the cheaper prices after an accident, with monthly rates averaging $214 compared to Hallmark Financial's $229.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single collision or speeding ticket when it comes to your car insurance bill. Progressive drivers usually see a 16% raise in their insurance prices after a DUI charge, while Hallmark Financial will normally increase premiums by around 8%.

How does Credit Score Impact Hallmark Financial and Progressive Rates?

In many cases, your credit score can come into play when companies calculate your monthly bill. Certain states and carriers do not allow for credit score to be used as a rating factor, but it will come into play for a lot of drivers.

Auto insurance companies argue that someone with good credit is more likely to pay their bills on time, which makes them less risky to insure. Because of that, policyholders with good credit will often be rewarded with more affordable prices.

Looking at Hallmark Financial and Progressive specifically, which carrier has the lowest rates for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

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

How much you drive can have a pretty big impact on your monthly premiums. Typically, the more miles you put on your car each year, the more you can expect to pay for car insurance.

In this case, neither Hallmark Financial or Progressive report increasing prices for drivers with higher annual mileage figures. Still, Progressive comes out as the cheapest for drivers at both intervals, whether they put 6,000 or 12,000 miles on their vehicle each year, with average rates of $180 per month for both.

Hallmark Financial vs. 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 policyholders in rural areas because there are a lot more cars on the roads in those areas.

When comparing these two carriers side-by-side, Progressive usually comes out as the lowest option for drivers in all areas, regardless of if they're urban, suburban, or rural.

Drivers in rural ZIP codes see the cheapest premiums from both companies, but Progressive comes out on top with average rates about $154 per month. Progressive also has cheaper average prices for policyholders in urban and suburban ZIP codes -- a 8% and 22% a month respective difference when compared to Hallmark Financial drivers in similar areas.

Hallmark Financial vs. Progressive Discounts

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

But where do you even start? With what seems like a million different discounts out there, it may be difficult to find all the ones you can take advantage of.

Below, we've broken down all of the different discounts offered by both Hallmark Financial and Progressive so that you can see which company can save you the most money each month.

Progressive knocks Hallmark Financial out of the park when it comes to the sheer number of discounts available, offering 34 different discounts to Hallmark Financial's 34.

Both carriers offer lots of the same discounts -- like discounts for being a defensive driver, education discounts, and passive restraint discounts -- but Progressive also offers ABS discounts, advance quote discounts, advanced safety feature discounts, and more that Hallmark Financial does not.

On the flip side, Hallmark Financial has a unique discount of its own -- a foreign license discounts.

Final Thoughts: Is Hallmark Financial or Progressive Best for You?

You've seen the effect certain factors have on your auto insurance and the different discounts companies offer. That's all well and good, but at the end of the day, which insurance carrier is the right carrier for you and your specific profile and needs?

Progressive might be best for you if....

• You have an at-fault accident on your record.
• You're looking for more protection with "full coverage" car insurance.
• Your home is located in the suburbs.

Hallmark Financial 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 better idea of the difference between Hallmark Financial and Progressive. We also hope we've given you the information you need to make the best decision about your 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 Hallmark Financial 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 insurance companies in your area, all in just a few minutes.

Hallmark Financial vs. Progressive FAQs

Is Hallmark Financial or Progressive cheaper?

Looking just at the national average premiums, Progressive is the more affordable of the two carriers, offering average rates of $180 per month compared to $211 for Hallmark Financial. That being said, Progressive won't necessarily be the most affordable company for everyone, since there are a range of different variables that are considered when it comes to your car insurance bill.

Who is better, Hallmark Financial or Progressive?

Sadly, the answer truly is "it depends.". Neither carrier is necessarily "better" for every driver -- it all depends on what your unique insurance profile looks like.

Why do Hallmark Financial and Progressive offer me different rates?

Car insurance companies take a look at several different factors when calculating the prices they charge policyholders. Things like gender, where you live, your driving record, age, and sometimes even things like your credit score can all come into play. Both Hallmark Financial and Progressive use different formulas, so each one will most likely offer different premiums. The only real way to see which company is the cheapest for you is by comparing personalized quotes from multiple different carriers.

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

The only way to find the auto 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 does all the hard work for you. Just enter your information once and you'll get free quotes from dozens of the best car insurance carriers in your area. That way, you can guarantee you're getting the best price. And who knows, the best company for you might not be Hallmark Financial 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.