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How Much is Progressive Car Insurance: Cost & Rates

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Homepage > Car Insurance Quotes > Average Car Insurance Cost Per Month > How Much is Progressive Car Insurance: Cost & Rates


How Much is Progressive Car Insurance

If you've ever been searching for car insurance quotes online, then you've probably heard of Progressive insurance company. The insurance provider's commercials are easily recognizable by "Flo" and her team of quirky insurance agents, and their recent Sign Spinner ads.

Progressive Insurance is one of America's first insurance companies and was founded in 1937 by two lawyers, Joseph Lewis and Jack Green, who wanted to increase the availability of car insurance to high risk drivers first and give their customers the most comprehensive policies available. In the past six decades, they've come a long way from their humble beginnings, though.

Wondering what about Progressive comprehensive and collision insurance coverage, though? Is Progressive's liability insurance able to cover the necessary property damage and injury protection needs of modern drivers? And of course, how much is Progressive car insurance exactly?

In this guide, we're going to break down everything that you need to know about Progressive auto insurance, how affordable their policies are, the different levels of coverage they provide, and whether or not Progressive's policy limits and coverage are able to meet your needs.

We get it - car insurance shopping can be complicated; but that's exactly what we're here for! here, you'll find everything that you need to know to set your mind at ease and help you make the most informed decision!

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How Much Does Progressive Car Insurance Cost Per Month?

Our great average car insurance cost per month research teaches that Progressive car insurance cost is $116 per month or $1,390 per year for full coverage insurance

Progressive auto insurance cost for minimum coverage is $63 per month or $750 per year, which make Progressive car insurance rates more expensive than some more affordable car insurance companies. 

Coverage TypeCost Per MonthCost Per Year
Minimum coverage$63$750
Full coverage$116$1,390

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How much you'll ultimately pay for your progressive auto insurance depends on a number of factors, including:

  • Your policy limits.

  • The amount of damage protection you purchase.

  • Whether or not you add comprehensive coverage to your policy.

  • Whether or not you've been in a car accident before.

  • What state you live in (minimum policy limits vary by state).

  • If you add uninsured/underinsured coverage to your policy.

  • ...and others...

You can typically purchase Progressive auto coverage online or through captive/independent insurance agents. Since it's one of the USA major insurance providers, Progressive has done its best to make purchasing plans online a quick and easy process no matter who you are and what type of vehicle you drive.

The cheapest Progressive car insurance policy is going to be basic liability coverage. This essentially provides you with basic personal property damage and bodily damage liability insurance in the event that you're involved in an accident with another vehicle.

Your personal costs won't be covered, but the other person's costs will be, so you won't have to worry about facing a lawsuit. Basic liability is the minimum amount of auto insurance coverages required in almost all states, and it's generally quite affordable, typically between $50 and $150 per month for most adult drivers.

However, if you're financing a vehicle (or you have a newer, more expensive model), then you're almost always going to need a full-coverage policy. These policies are a bit more expensive and typically include Progressive casualty insurance costs such as:

  • Collision coverage (covers your vehicle repairs after an accident).

  • Comprehensive coverage (covers damages caused by break-ins, debris, or natural disasters).

  • Personal injury coverage (covers your personal medical costs after an accident).

  • "Gap insurance" (pays the remainder owed on your car if it's declared a total loss).

Since full-coverage policies are a lot more involved than basic liability, these policies may cost double compared to what you'd pay for a basic liability policy. The average amount paid for full-coverage policies in America is between $1,200 and $1,300 per policy period.

Although Progressive offers a small discount to individuals who can afford to pay the entire six or twelve-month policy upfront, most policyholders choose monthly payments instead. The bill will typically be auto-drafted from your account on the same day each month until your policy is paid-in-full. Once it's paid, you'll have the opportunity to renew your policy.

For example, if you have a six-month $600 liability policy, then you can expect to pay around $100 per month for six months. However, if you opt for a full-coverage twelve-month policy that costs $2,400 per year, then you'll pay around $200 per month.

The actual amount that you pay will vary greatly depending on which state you're in, the value of your vehicle, your age, driving record, and how much coverage you purchase, as well as other risk assessment factors.

6-Month Policy Vs. 12-Month Policy

One of the best reasons to choose a twelve-month policy is that you may get a small discount and you'll be locked into the same rate for a year. You won't have to worry about calling them back halfway through the year and negotiating a new policy). It's the easiest way to ensure that you never have a lapse in your insurance (which usually comes with state-mandated penalties).

However, if you're the type of person who doesn't like long-term contracts, plans on selling their vehicle in the coming year, or wants the ability to switch insurance policies in the near future, then a six-month policy may be the right choice for you. You may pay a little bit extra for your monthly premium, but at least you won't be locked into a long-term contract.

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How To Cancel your Progressive Car Insurance

Progressive is famous for their $0 cancellation fee. Cancelling your Progressive car insurance policy is incredibly easy! In fact, one of the best reasons to choose Progressive is that they don't charge an early cancellation fee, while many of their competitors may charge hundreds for cancelling your policy before it's complete.

Why Did My Car Insurance Go Up With Progressive?

The biggest reason why your Progressive auto policy may have gone up is that you were involved in an accident. This statistically makes you a "higher-risk" client, and you'll usually pay for it. Other common reasons why your progressive insurance may have gone up include:

  • You added a new driver to your policy (or a driver under 25).

  • You modified your vehicle and claimed it on your insurance policy.

  • You've been involved in a recent insurance claim.

  • You've had a tax lien on your vehicle.

  • You purchased a new car.

How Good Is Progressive Car Insurance Overall?

Overall, Progressive is an excellent car insurance provider. Although their TV commercials may be a bit quirky, Progressive doesn't cut corners and is known for its incredible customer service. You'll never have to fight them on claims, you can cancel anytime for free, and they're also willing to work with their clients to negotiate the most affordable monthly premium payments!

In fact, Progressive received the highest score in our big car insurance quotes research!


Read More: Progressive Insurance Reviews


Sources:

  1. https://www.iii.org/fact-statistic/facts-statistics-auto-insurance 

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