Farmers and Progressive are major car insurance companies and provide a solid selection of car insurance policy options and discounts. Progressive issues policies in all 50 states, whereas Farmers has more limited operations in 42 states. Even though Progressive charges less on average each month for auto insurance policies, Farmers offers a greater variety of discounts, which can help customers save.
To help you find the right car insurance company that meets your needs, here’s how Farmers and Progressive stack up against each other in average rates, industry reputation, discounts, coverage types, and more.
Progressive stands out across the board compared to Farmers. Not only does Progressive have cheaper average rates, but it’s available in all 50 states, while Farmers isn’t. Progressive also earned a higher Insurify Quality Score.
If finding the lowest price is your main objective, it’s still worth comparing quotes from both companies, as Farmers offers a greater variety of discounts that can help lower your car insurance costs.
With almost 100 years of industry experience, Farmers offers various insurance products and received an AM Best score of A (Excellent), which indicates the company is able to pay out future claims. However, it scored below average in multiple regions in J.D. Power’s customer satisfaction study, so keep that in mind when considering it for your auto insurance needs.1 2
Available in all 50 states, Progressive was founded in 1937 and is an affordable option for drivers who need auto insurance. Progressive is a very financially secure company and earned an AM Best rating of A+ (Superior). It also scored below average in many regions in J.D. Power’s auto insurance customer satisfaction study.2 3
Both Farmers and Progressive have telematics programs that can help you save on car insurance.
Signal by Farmers is a driving-monitoring app that promotes safe habits. It evaluates actions like braking and phone use, potentially saving you money on insurance renewals for safe driving. Every month that you earn a safe driving score of 80% or better, you enter a rewards drawing for a prize that can be worth up to $100.
Progressive’s Snapshot tailors car insurance rates to your driving habits through a usage-based insurance program. Participants usually receive an automatic discount and a personalized renewal rate based on their driving performance. Progressive advertises that drivers save an average of $231 per year with Snapshot.
On average, Progressive offers more affordable liability auto insurance policies, at $102 per month compared to Farmers’ $110 monthly average. However, this doesn’t guarantee you’ll save the most with Progressive insurance, as many factors affect premium pricing, like your ZIP code, car type, and driving record.
Here’s how the average rates for Farmers and Progressive compare.
Having a clean driving record is one of the best ways to keep your car insurance rates cheap, as it signals to insurers that you’re a safe driver who’s unlikely to file claims. If you have a clean driving record, you can expect to spend less with Progressive each month than Farmers for a liability-only policy.
Having a speeding ticket on your record can increase your car insurance rates. But drivers with speeding tickets spend less on average with Progressive than they do with Farmers, according to Insurify data.
Young drivers lack experience and maturity behind the wheel compared to older age groups. Teenagers pay more for car insurance because of their minimal driving history, but Progressive has cheaper average rates for teens than Farmers.
Depending on your state laws, insurance companies may look at your credit history when determining your car insurance premiums. Drivers with poor credit tend to pay more for coverage than drivers with good or excellent credit.
Drivers with poor credit pay less on average for Progressive than they do for Farmers.
As drivers get older, they typically pay cheaper rates, as long as they keep a clean driving record. Senior drivers usually pay cheap rates but may have slight premium increases when they hit their 70s due to age-related declines in driving ability.4
Despite these slight increases, Progressive has cheaper average rates for senior drivers than Farmers does.
Like most car insurance companies, Farmers and Progressive offer standard liability, collision, medical payments, personal injury protection (PIP), uninsured/underinsured motorist, and comprehensive coverages.
However, their other coverage options vary significantly. For example, Progressive offers pet injury coverage, which can pay for injuries your pet sustains in a car accident, but Farmers doesn’t offer this coverage.
On the other hand, Farmers’ loss-of-use coverage pays for alternative transportation — like buses, rideshare services, and more — if your car needs repairs during a covered claim. Progressive doesn’t have loss-of-use coverage, only rental car reimbursement coverage, which pays for a rental car during car repairs.
Here’s how Farmers’ and Progressive’s coverage options compare.
Farmers offers more auto insurance discounts than Progressive, but both car insurance companies have a solid selection of discounts that you may qualify for. Even though Farmers’ average rates are more expensive than Progressive’s, you may be able to save on car insurance with Farmers if you qualify for enough discounts.
If you’re still deciding whether Farmers or Progressive car insurance is the best option to meet your needs, here’s more insight into these insurers.
No. Progressive and Farmers are different insurance companies, but they offer similar insurance products, like auto, home, and life insurance. When comparing the two, look at customer service reputation, insurance coverage options, and their claims process to see which company is best for you.
Farmers has a solid reputation in the insurance industry and received a score of A (Excellent) from AM Best, which implies the company is able to pay out future claims.
Farmers Insurance competes with other major insurance companies in the United States, such as State Farm, Allstate, GEICO, and Progressive. These companies offer similar insurance products, including auto and homeowners insurance.
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