Progressive and Farmers both are known insurance companies in the U.S. and has been around for a long time. Which one you should pick really depends on your insurance needs as well as which policy is going to give you the greatest discounts while offering you the best coverage possible. The following guide will highlight different aspects of each company to help you make an informed decision about which option is the best for you.
Key takeaways
- The state minimum coverage for Farmers is $541 per year, and Progressive offers state minimum coverage for $1,462 annually.
- For customer service, both Farmers and Progressive earned 3.5 out of 5 stars.
- Multi-vehicle, multi-policy, and safe driver are a few discounts Farmers and Progressive offer.
- Farmers
- Progressive
- Overall Average Annual Rates: Progressive vs. Farmers
- Progressive vs. Farmers: Rates by age group
- Progressive vs. Allstate: rates for high-risk drivers
- Progressive Vs Farmers: Customer Satisfaction
- Progressive Vs Farmers: Which has better coverage options?
- Progressive Vs Farmers: Which offers better discounts?
Farmers
- Overall Rating- 3.5/5
- Average car insurance rate for full coverage- $3721
- Customer service- 3.5/5
- Mobile app/online service- Available
Progressive
- Overall rating-3.5/5
- Average car insurance rate for full coverage- $1,654
- Customer service- 3.5/5
- Mobile app/online service- Available
Overall Average Annual Rates: Progressive vs. Farmers
Based on Insurance.com's rate analysis, Progressive is the most affordable insurer, offering insurance coverage at an average of $1,654 per year for full coverage and $541 for state minimum liability coverage.
Whereas Farmers offers full coverage insurance for an average of $3,722 annually and $1,462 for state minimum coverage. Full coverage insurance policy offered by Farmers is $2,067 more expensive than full coverage insurance from Progressive.
| Company Name (group) | 1 - Liability Only - State Minimum BI/PD | 2 - Liability Only - 50/100/50 BI/PD | 3 - Full Coverage - 100/300/100 BI/PD - 500 Comp/Coll |
|---|---|---|---|
| Progressive | $541 | $616 | $1,654 |
| Farmers | $1,462 | $1,610 | $3,722 |
Progressive vs. Farmers: Rates by age group
Insurance companies use an individual's age as a factor when estimating risk and assigning rates. The cost of insurance for teens is usually expensive because they have limited experience on the road and coverage becomes more affordable the older you get.
Progressive offers cheap rates for teens, young adults, adults and senior drivers in comparison to Farmers. Its average annual rate for adult drivers is $867 annually, and Farmers offer coverage at $1,265 per year.
| Age | Farmers | Progressive |
|---|---|---|
| Adults | $1,265 | $867 |
| Seniors | $1,254 | $822 |
| Teens | $5,663 | $4,243 |
| Young Adults | $2,042 | $1,500 |
Progressive vs. Allstate: rates for high-risk drivers
The price you pay for insurance largely depends on your driving record. Among the two insurers, Farmers offer low rates for a driver with an at-fault property damage accident at about $2,692 a year $41 more expensive than average annual rate of progressive $2,733.
Whereas, Progressive offers the cheapest rate for a driver with an at-fault bodily injury accident. Progressive is also the cheapest company for drivers with a record of careless driving. At about $2,431, it's $223 less expensive than average annual rate of Farmers $2,654.
Based on Insurance.com's analysis, Progressive is better than Farmers in terms of lower insurance rates for drivers with a record of speeding, reckless driving and DUI/DWI first offense.
| Profile Value | Farmers | Progressive |
|---|---|---|
| 1 At-fault property damage accident over $2K | $2,692 | $2,733 |
| 1 At-fault property damage accident under $2K | $2,692 | $2,697 |
| At-fault bodily injury accident | $2,758 | $2,746 |
| Careless driving | $2,654 | $2,431 |
| DUI/DWI first offense | $2,676 | $2,203 |
| Reckless driving | $2,944 | $2,520 |
| Speeding | $2,498 | $2,234 |
Progressive Vs Farmers: Customer Satisfaction
Both progressive and Farmers get the same score for customer satisfaction. This score is given to the insurance companies based on its customer complaint ratio. Progressive and Farmers report great customer service and effortless communication with the policyholders, both the companies earned 3.5 stars rating out of 5 based on our analysis.
Progressive Vs Farmers: Which has better coverage options?
You can always upgrade your insurance policy by purchasing additional coverage. Progressive and Farmers both offer plenty of coverage, but if we compare the two insurers, Progressive has more coverage options than Farmers.
Progressive has various coverage options that aren’t available from Farmers, including pet injury coverage, no drop promise, usage-based telematics and vanishing deductible.
Progressive Vs Farmers: Which offers better discounts?
Progressive and Farmers offer multiple discounts to their policyholders based on certain factors including their location and driver's profile. Some of the common discounts are- multi-vehicle, defensive driving, safe driver, multi-policy and academic achievement.
However, Farmers offer more discounts than Progressive, it provides a discount for having for passive restraint while Progressive doesn't.
