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

Quick Facts

• In general, Progressive offers significantly less expensive premiums than Meemic
• Progressive offers cheaper average prices for couples purchasing insurance together
• Progressive tends to be a much less expensive option for policyholders who may not have much of a commute

Meemic 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 your search down to Meemic or Progressive for your next policy, but which one has cheaper rates for auto insurance?

Looking at the national average rates for both companies, Progressive has average rates that are about 35% per month more affordable than those from Meemic.

However, that doesn't mean Progressive will necessarily be cheaper than Meemic for each driver. Insurance carriers vary their prices depending on things like where you live, how old you are, how clean your driving record is, how good your credit score is, and a ton of other factors, so premiums will vary quite a bit from person to person.

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

Meemic or Progressive: Average Car Insurance Rates by State

Meemic and Progressive only compete against each other in Michigan, where Progressive offers the cheaper average rates. For Michigan residents, Progressive offers car insurance for $217 per month on average. Meemic's average premiums come out to be over 20% more expensive, at $281 monthly.

There's a lot more that goes into your auto insurance cost than just the state you live in. Read on to learn more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- generally pay a lot for car insurance compared to older drivers. It's because young, inexperienced drivers are statistically much more likely to get into accidents since they have less experience on the roads.

Even so, that doesn't mean that teen drivers have to just accept sky-high auto insurance rates. As you can see above, teens who use Meemic save more than $40 a month compared to those who use Progressive.

But both companies will lower premiums once you turn 25. For example, average prices for Meemic policyholders reduce over $150 and Progressive's rates decrease around $300 over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll usually enjoy the cheapest 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 premiums for car insurance.

But who has the best rates for retired drivers between Meemic and Progressive? Progressive gets the edge, with prices for drivers 65 and older nearly 55% more affordable than the national average for Meemic.

Which is the Best Company for Married Drivers?

Did you know that insurance premiums are normally more expensive for single policyholders than they are for married couples? This usually boils down to married policyholders having several cars on their policy -- something several auto insurance carriers will reward with discounts.

When it comes to relationship status, Progressive is the clear winner for those who are single, with prices about $76 per month less expensive than Meemic, on average. The advantage for married drivers with Progressive is also obvious, where drivers save almost $150 a month.

Meemic vs. Progressive: Average Rates by Gender

Did you know men tend to pay more for car insurance than women? This is because men are statistically more likely than women to get into accidents and file an insurance claim, which leads to increased risk for insurers and, therefore, higher premiums.

With Meemic, both genders end up paying the same monthly price, and around $5 with Progressive.

When it comes to the lowest rates for each gender, Progressive comes out on top for both men and women. On average, women save about $103 per month and men save about $98 with Progressive compared to the average Meemic policyholder.

Meemic 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.

For most people, insurance isn't the easiest topic to understand. 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 (which provides property damage and bodily injury coverage for other drivers and their passengers if you cause a collision) and full coverage (which includes two additional coverages -- comprehensive and collision -- in addition to liability coverage).

If you're looking for state minimum limits for liability insurance, Progressive typically offers significantly cheaper prices of $111 compared to Meemic's $201. When it comes to full coverage policies with similar limits, Progressive again has the edge, with policies around $100 a month less expensive than Meemic, on average.

Is Meemic or Progressive Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their auto 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 at-fault collisions and tickets on your record, but which of these two companies offers the most affordable rates to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Meemic policyholders can expect their premiums to go up an average of $100 per month if they get a ticket, while Progressive normally raises prices about $31 a month, on average.

That being said, Progressive is usually the more affordable option for both drivers who have a recent speeding ticket and those with clean records, offering premiums that are $27 and $96 less expensive, respectively, compared to Meemic Insurance Company.

Which Company is Best for Drivers After an Accident?

Meemic drivers who get in an accident can expect to see their rates increase by just under 30%, while those who have insurance through Progressive will see around a 30% increase.

Overall, Progressive offers the lowest premiums for drivers with an at-fault accident on their records, with monthly prices averaging $214 compared to Meemic Insurance Company's $250.

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 insurance bill -- typically a lot more than a collision or ticket. On average, Meemic will climb your rates about 58% after a DUI, while Progressive's average prices rise by over 15%.

How does Credit Score Impact Meemic and Progressive Rates?

Did you know that many auto insurance carriers take your credit score into account when calculating rates? This isn't always the case (Massachusetts, for example, has banned the use of credit score as a rating factor) but it might come into play for many policyholders.

The reasoning car insurance companies use is that drivers with good credit will be more likely to pay their bills on time; so they'll reward them with cheaper premiums, while those with poor credit will generally be forced to pay more.

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

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

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

How much you drive can have a considerable impact on your monthly insurance payment. Typically, the more miles you put on your vehicle each year, the more you can expect to pay for coverage.

In this case, neither Meemic or Progressive report increasing premiums for drivers with higher annual mileage figures. Even so, Progressive comes out as the cheapest for drivers at both intervals, whether they put 6,000 or 12,000 miles on their car annually, with average prices of $180 per month for both.

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

Where you live can play a substantial role in how much you pay for car insurance. Usually, if you live in an urban area with more cars on the road, you'll pay a little more for auto insurance, while the opposite is true for people in rural areas.

When comparing these two carriers side-by-side, Progressive generally comes out as the most affordable option for drivers in every type of area, no matter if it's urban, suburban, or rural.

Drivers in rural ZIP codes see the cheapest prices from both companies, but Progressive comes out on top with average premiums around $154 a month. Progressive also has cheaper average prices for policyholders in urban and suburban ZIP codes -- a $115 and $94 a month respective difference when compared to Meemic drivers in similar areas.

Meemic 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.

The hard part is finding all of the discounts you can take advantage of, since it can feel sometimes like every carrier has different discounts and each one is advertised differently.

In the table below, we've broken down all of the different discounts offered by both Meemic and Progressive so that you can easily see which company offers the most discounts and, therefore, the biggest savings.

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

There are a couple discounts both carriers offer, but Progressive also offers ABS discounts, advance quote discounts, advanced safety feature discounts, and more that Meemic does not.

On the flip side, Meemic has a couple unique discounts of its own -- employee discounts and prior carrier discounts.

Final Thoughts: Is Meemic or Progressive Best for You?

So, we've broken down the average rates for many of the factors car insurance companies look at, and walked through the different discounts each company offers, too. But, when it comes down to it, which insurance carrier is the best company for you and your specific needs?

Progressive might be best for you if....

• You have a clean record.
• You want basic auto insurance coverage at the state minimum limits.
• You live in an suburban area.

Meemic might be best for you if...

• You're buying insurance for a teen and looking for a wallet-friendly option.

We hope this guide helps you get a better idea of the difference between Meemic and Progressive and that it aids in making a more informed decision about 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 several carriers, not just Meemic and Progressive. Luckily, Compare.com does all the hard work for you. Simply enter your ZIP codes below and get free quotes from dozens of top car insurance companies in your area, all in just a few minutes.

Meemic vs. Progressive FAQs

Is Meemic 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 $281 for Meemic. However, Progressive won't necessarily be the most affordable company for everyone, since there are multiple different variables (things like gender, age, driving record, etc.) that play a role in how much you pay.

Who is better, Meemic or Progressive?

Sadly, the only answer we can give you is "it depends.". No one carrier is necessarily "better" for each driver -- it all depends on what your unique auto insurance profile looks like.

Why do Meemic and Progressive offer me different rates?

Car insurance companies take a look at lots of different factors when determining the rates they charge policyholders. Things such as gender, where you call home, your driving record, age, and sometimes even things like your credit score can all be used. Both Meemic 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 a bunch of different carriers.

How do I know if Meemic 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, sites like Compare.com make it easy for you to do just that. Just enter your area information and you'll get free quotes from dozens of the best insurance carriers in your area. That way, you can guarantee you're getting the lowest premium. And who knows, the best company for you might not be Meemic 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.