Allstate vs. Progressive: Car Insurance Company Comparison
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 best for you? Join us as we compare and review two of the biggest car insurers, Allstate and Progressive.
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. Before the start of 2016, their total assets were around $104.7 Billion. 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 slightly below the industry average for its customer satisfaction index ranking in the 2017 Insurance Shopping Study conducted by J.D. Power. They received 3 out of 5 power circles with a total of 833 points.
List of Allstate Discounts:
|Allstate Discount||Car Insurance Savings|
|EZ Pay Plan||Up to 5%|
|Responsible Player Discount||Up to 5%|
|Allstate eSmart Discount||Up to 10%|
|Full Pay Discount||Up to 10%|
|Anti-lock Brake Discount||Up to 10%|
|Anti-theft Device Discount||Up to 10%|
|Early Signing Discount||Up to 10%|
|New Car Discount||Up to 15%|
|Smart Student Discount||Up to 35%|
|Multiple Policy Discount||Savings May Vary|
|Drivewise Program Discount||Points Rewarded Based on Your Driving|
|Safe Driving Club||Make it Into the Club and Save Big|
|Safe Driving Bonus||Save up to $500 in Deductible Rewards & Bi-annual bonus Check|
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. They currently employ over 33,000 people at 400 offices across the U.S.
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. They offer 24-hour online and over the phone support to all of their customers. Progressive also uses a system of independent agents, which many customers like because they offer personal attention. However, Progressive scored below average for its customer satisfaction index ranking in the 2017 Insurance Shopping Study conducted by J.D. Power. They received 2 out of 5 power circles with a total of 831 points. That places them just under Allstate’s rating by 2 points.
Progressive claims new customers that switch save $668 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.)
List of Progressive Discounts
|Progressive Discount||Auto Insurance Savings|
|Bundling Auto and Property||Up to 5%|
|Start Your Quote Online||Up to 7%|
|Online Document Signing||Average Savings of 7%|
|Multicar Discount||Average Savings of 10%|
|Safe Driver Discount||Average Savings of 31%|
|Progressive Snapshot Program||Average Savings of $130, $25 Sign Up Reward|
|Just for Being a Homeowner||Savings May Vary|
|No Gaps or Cancellations in Coverage||Savings May Vary|
|Pay Policy in Full||Savings May Vary|
|Auto Bill Pay Sign Up||Savings May Vary|
|Teen Driver Discount||Savings May Vary|
|Good Student Discount||Savings Vary Due to Grades & Distance from School|
Progressive doesn’t list all 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.
Which is the right insurance company for you?
Allstate and Progressive are both popular auto insurers with millions of customers. 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 living at home, look at the programs and discounts Allstate and Progressive offer. It also helps to read recent customer reviews. Make sure to compare their rates with smaller auto insurance companies to ensure you are getting the best deal.