Buying auto insurance can be a confusing chore with so many variables contributing to the price of a good policy. Progressive and Nationwide are reputable and well-known carriers to consider for your needs. Read on for a comparison of coverage, pricing, discounts, and more.
For more information on these two companies, see our Progressive Car Insurance Review and Nationwide Car Insurance Review.
Progressive and national auto insurance coverage
Our article on Common Types of Auto Insurance will help you learn more about basic coverage.
Additional coverage from Progressive and Nationwide may be available in addition to Basic coverage in some states.
- Rental car refund
- Roadside assistance and towing
- Medical payments
- Additional carpooling insurance
Progressive offers an accident forgiveness benefit designed to ensure that your rates do not increase as a result of an accident.
Average insurance rates of Progressive and Nationwide
Nationwide is known for its affordable rates which are at the lower end of the auto insurance expense scale. According to The Zebra, Nationwide’s average monthly premium is $ 90. With Progressive, the average policy is competitive at $ 104 per month.
A popular feature of Progressive is its âname your priceâ tool. A buyer can enter the amount they want to pay for the insurance, and the company offers coverage options available within that price range.
While the cost of a policy is at the top of the list of considerations for most drivers, it shouldn’t be the only factor when looking for insurance. This table compares the average annual premiums between Progressive and Nationwide by age group.
|age range||Progressive||At national scale|
|Teens||$ 8,248||$ 3,624|
|20s||$ 2,287||$ 1,582|
|30s||$ 2,287||$ 1,582|
|40s||$ 1,644||$ 1,151|
|the 50’s||$ 1,542||$ 1,114|
|60s||$ 1,403||$ 1,028|
Source: The Zebra
Your driving record is just one thing insurance companies take into consideration when giving you a quote. Your age, location, gender, marital status, credit history, and the car you drive are some of the factors that influence the overall cost of insurance.
Premium discounts from Progressive and Nationwide
One of the best discounts you can get from carriers is bundling auto insurance with home, renters, boat, motorcycle, or other insurance policy. Most insurers will encourage customers to take advantage of bundling their coverage. Be sure to learn about multi-policy and multi-vehicle grouping options through Nationwide and Progressive.
Policyholders with these insurers may be eligible for several auto insurance discounts and benefits:
- Safe driver discount
- Guaranteed repair
- Good student discount
- Accident-free drivers
- Discounts on anti-theft equipment
You may be eligible for a discount from Progressive if you’re a homeowner, even if you don’t bundle your policies. If you choose Nationwide, be sure to ask for discounts for taking a defensive driving course.
Customer Satisfaction with Progressive and Nationwide
For many drivers, the cost of a policy is the primary consideration when purchasing auto insurance. Yet, many people believe that good customer service is worth a higher price.
For auto insurance buyers, high customer satisfaction rates mean a high likelihood that the insurer will process claims quickly and efficiently. the JD Power US Auto Insurance Study 2021 includes responses from nearly 39,000 customers. The results provide information on customer satisfaction in key areas:
- Cost of auto insurance
- Policy Offers
- Interactions with clients
- Billing process and policy information
JD Power’s ratings give Nationwide an âaverageâ rating based on customers’ opinions and experiences with the company. Progressive was rated “below average”.
Which one has a better financial situation, progressive or national?
It is essential for an insurance company to have the ability to meet its financial obligations and to cover any claims that need to be paid.
Progressive and Nationwide both have âsuperiorâ financial strength ratings from AM Best. The rating indicates that these insurers have the capacity to pay their claims obligations.
Progressive or national: what suits you best?
Your auto insurance requirements are unique to your situation. Request a quote from Progressive and Nationwide. Speak with company representatives and choose the company and coverage levels that best meet your needs.
These insurers offer auto policies with different levels of coverage for a wide variety of drivers. Nationwide often has cheaper premiums. Sill, Progressive offers many discounts that can lower its competitive rates.
While shopping you will always get the best price, but remember that cost is just one factor you should consider. Whichever company you choose, make sure you understand the details of what’s covered and what is best for your situation before signing a new auto insurance policy or renewing your coverage.