Who is Progressive Insurance's biggest competitor?
Asked by: Isai Hessel | Last update: July 30, 2025Score: 4.8/5 (29 votes)
Who is Progressive's biggest competitor?
State Farm is the largest auto insurance company in the U.S. based on written premium, or the total amount it bills customers. Progressive is the second-largest car insurance company, followed by Geico and Allstate.
Who beats Progressive Insurance?
Geico ranked above average for customer satisfaction in 5 of the 11 regions surveyed in J.D. Power's 2024 auto insurance study, while Progressive was rated below average in all available regions.
What car insurance is better than Progressive?
Both Geico and Progressive offer competitive average premiums for drivers, but if you're wondering if Progressive is cheaper than Geico, Geico has the edge. Its average rates tend to be cheaper than the average rates offered by Progressive, and the company's extensive discount list may help you save even more.
Who is the biggest auto insurer?
For auto policies, State Farm is the largest insurance company in the U.S., with the biggest market share (16.9 percent) and over $46.6 million in direct premiums written in 2022. It also boasts an A++ (Superior) financial strength rating from AM Best.
Warren Buffett and Ajit Jain on GEICO vs Progressive
Is Geico higher than Progressive?
Across all regions, GEICO's average score is roughly 637, which is 15 points higher than Progressive's average score of 622. (The 637 and 622 ratings were calculated by Carrier Management as the simple straight average of the 11 regional scores.)
Where does Progressive rank in insurance?
Progressive ranked No. 9 out of 17 companies in J.D. Power's 2024 U.S. Auto Insurance Shopping Study for overall customer satisfaction.
What's cheaper, State Farm or Progressive?
According to rate data from Quadrant Information Services, Progressive has cheaper average rates than State Farm. However, car insurance rates are personalized to each driver based on factors like location, driving record and vehicle type.
Is Progressive good at paying claims?
Progressive placed second to last out of 21 car insurance companies surveyed in JD Power's claims satisfaction study of 2024 with a score of 672/1,000, only beating Mercury. For reference, the study average was 697/1,000, and NJM Insurance Co. earned the first spot at 782.
Is there a class action suit against Progressive?
Progressive reaches $48M class action actual cash value settlement. Progressive has agreed to settle a class action total loss underpayment lawsuit for $48 million.
Which insurance company has the fewest complaints?
The most trusted auto insurance company is American Family Insurance. American Family has a low volume of customer complaints compared to other insurance companies its size, good reviews from WalletHub users, and high ratings for customer satisfaction according to J.D. Power.
Who is cheaper, Allstate or Progressive?
Allstate: Cheapest for drivers with bad credit
In many states, car insurance companies can use a driver's credit history as a factor when determining car insurance premiums. For drivers with bad credit, Allstate once more edges out Progressive with cheaper average premiums.
Who is cheaper than State Farm?
GEICO is cheaper and has better ratings than State Farm. Your experience with GEICO and State Farm will vary based on individual rating factors.
Why is Progressive so expensive?
Progressive is so expensive because car insurance is expensive in general, due to rising costs for insurers. The price of a Progressive policy may also reflect the cost of staffing, marketing campaigns, and maintaining sales centers.
Does Allstate own Progressive?
No, Progressive is not the same as Allstate. Progressive is not affiliated with Allstate in any way, though the two companies are both property and casualty insurers that offer similar services and coverage options to consumers.
Is Progressive cheaper through an agent?
By purchasing your policy directly from Progressive, you bypass the agent or broker and their commission. This is one of the main reasons why Progressive Direct can often offer cheaper premiums than purchasing through an agent.
Who has better rates than Progressive?
State Farm has cheaper home and car insurance quotes than Progressive. It also has higher customer satisfaction ratings. However, Progressive offers more discounts and coverage options, including gap insurance. Progressive is better for specialized car insurance coverage.
Who is State Farm owned by?
State Farm is a mutual company, which means that it is owned by its policyholders. Unlike publicly traded companies, State Farm does not have shareholders to whom it needs to provide dividends.
Does Progressive raise rates after 6 months?
Progressive rates does raise after six months in some cases. If you're a new Progressive customer, you'll see your auto insurance premium go up after your first six-month policy period if you file a claim or traffic violations get added to your driving record during that time.
Who is GEICO's biggest competitor?
GEICO main competitors are Esurance, The Travelers Companies, and USAA. Competitor Summary. See how GEICO compares to its main competitors: State Farm has the most employees (57,672).
What is Progressive Insurance best known for?
Progressive Insurance: product lines
Progressive is best known for its auto insurance products, but the firm offers solutions for a vast range of personal and commercial risks.