Progressive vs. Nationwide Auto Insurance Comparability 2022 – Kelley Blue E-book

Buying auto insurance can be a confusing task because so many variables contribute to the price of a good policy. Progressive and Nationwide are reputable and reputable transportation companies that you should consider for your needs. Read on for a comparison of coverage, price, discounts, and more.

For more information on these two companies, see our Progressive Car Insurance Review and Nationwide Car Insurance Review.

Progressive and nationwide auto insurance coverage

Progressive and Nationwide both offer standard auto insurance protection options such as:

You can find out more about basic coverage in our article on popular motor insurance.

Additional coverage

Additional coverage from Progressive and Nationwide may be available as add-ons to basic coverage in some states.

  • Reimbursement of the rental car
  • Roadside assistance and towing
  • Medical payments
  • Additional travel insurance

Progressive offers an accident forgiveness perk which is designed to ensure your rates don't go up after an accident.

Average insurance tariffs from progressive and nationwide

Nationwide is known for its affordable rates that are on the lower end of the car insurance cost spectrum. Nationwide's average monthly premium is $ 90, according to The Zebra. At Progressive, the average policy is competitive at $ 104 per month.

A popular feature of Progressive is the "Name your price" tool. A buyer can enter how much they want to pay for insurance, and the company provides options available for coverage within that price range.

While the cost of a policy is high on the list for most drivers, it shouldn't be the only factor when looking for insurance. This table compares the average annual bonuses between Progressive and Nationwide by age group.

Age group Progressive Nationwide
Teenagers $ 8,248 $ 3,624
20s $ 2,287 $ 1,582
30s $ 2,287 $ 1,582
40s $ 1,644 $ 1,151
50s $ 1,542 $ 1,114
1960s $ 1,403 $ 1,028

Source: the zebra

Your driving record is just one thing that insurance companies consider when they give you a quote. Your age, geographic location, gender, marital status, creditworthiness, and the car you drive are some of the factors that affect the overall cost of insurance.

Premium discounts from Progressive and Nationwide

One of the better discounts you can get from freight forwarders is bundling auto insurance with home, rental, boat, motorcycle, or any other insurance policy. Most insurers will encourage their customers to bundle their coverage. Check with Nationwide and Progressive for multiple policy and vehicle bundling options.

Policyholders with these insurers may be eligible for several auto insurance discounts and perks:

  • Safe driver discount
  • Guaranteed repairs
  • Good student discount
  • Accident-free drivers
  • Anti-theft equipment discounts

As a homeowner, you may be eligible for a Progressive discount even if you do not bundle your policies. When choosing Nationwide, ask for discounts on taking a defensive driving course.

Customer satisfaction with Progressive and nationwide

For many motorists, the cost of a policy is the most important consideration when buying car insurance. Still, many people believe that good customer service is worth a higher price.

For auto insurance buyers, high customer satisfaction means a high probability that the insurer will handle claims quickly and efficiently. The 2021 US auto insurance study by J.D. Power has responses from nearly 39,000 customers. The results provide information about customer satisfaction in key areas:

  • Car insurance costs
  • Policy offers
  • Allegations
  • Customer interactions
  • Billing process and policy information

J.D. Power give Nationwide an "average" rating based on customers' opinions and experiences with the company. Progressive was rated as “below average”.

Which one has a better financial position, progressive or national?

It is of vital importance for an insurance company to be able to meet its financial obligations and to cover any claims that it may have to pay.

Progressive and Nationwide both have "Outstanding" financial strength ratings from A.M. Preferably. The rating shows that these insurers are able to meet their claims obligations.

Progressive or nationwide: Which is better for you?

Your vehicle insurance requirements are individually tailored to your situation. Get a quote from Progressive and Nationwide. Talk to company representatives and choose the company and coverage levels that best suit your needs.

These insurers offer auto policies with different levels of coverage for a wide range of drivers. Nationwide often has cheaper premiums. Sill, Progressive offers many discounts that can bring down its competitive prices.

Shopping in the local area will always give you the best price, but remember that cost is just one factor to consider. Whichever company you choose, make sure you understand the details of coverage and what is best for your situation before purchasing new auto insurance or extending your coverage.

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