If you’re looking for insurance, you may be wondering whether Progressive or Travelers is the better choice. These companies are both well known and have a lot to offer consumers. But which one is best for you? This guide will compare and contrast these two companies to help you decide which one is right for you and your particular needs.
What Is Progressive Insurance?
Progressive is one of the largest car insurance companies in the United States. The company was founded in 1937 and is headquartered in Ohio. Progressive offers a variety of insurance products, including auto, motorcycle, boat, and RV insurance. The company also provides pet, home, and life insurance through its subsidiaries.
Progressive has expanded its reach recently, offering car insurance as far away as Australia. The company provides both online and offline services, making it easy to get a quote and purchase insurance.
What Is Travelers Insurance?
Travelers, also called The Travelers Companies, is one of the oldest car insurance companies in the United States. The company was founded in 1864 and is headquartered in New York. Travelers offers a variety of insurance products, including auto, home, and business insurance. The company also provides pet insurance through its subsidiary, The Hartford.
Travelers is a member of the Insurance Information Institute (III) and the National Association of Insurance Commissioners (NAIC). In addition, Travelers offers several discounts and perks to its policyholders, such as a good driver discount, a good student discount, and a multi-policy discount.
Progressive vs. Travelers: Car Insurance Rates
Both Progressive and Travelers offer a variety of discounts and perks to their policyholders. However, Travelers typically offers cheaper insurance rates than Progressive. For example, a 35-year-old male driver with a clean driving record would pay $1,617 per year for full coverage car insurance through Travelers, while the same driver would pay $2,066 per year for full coverage car insurance through Progressive. Consequently, Travelers is your best bet if you’re searching for an inexpensive car insurance policy.
Progressive vs. Travelers: Car Insurance Coverage
In terms of car insurance coverage, Progressive and Travelers offer similar coverage options. Both companies provide liability, collision, and comprehensive coverage. In addition, both organizations offer a variety of add-ons, such as roadside assistance and rental car reimbursement.
However, there are some differences in the coverage that these two companies offer. For instance, you can get pet injury coverage through Progressive as an add-on to its auto insurance policies. This coverage pays for veterinary expenses if your pet is injured in an accident. In comparison, Travelers doesn’t offer this type of coverage.
Progressive vs. Travelers: Car Insurance Discounts
On any given day, multiple people search for the best deal on their auto insurance. With so many options available, it can be challenging to know where to start. Should you go with a well-known company like Progressive or Travelers, or should you try a smaller, regional carrier? The answer, of course, depends on your individual needs. To help you make a decision, let’s take a closer look at Progressive and Travelers and the discounts you might qualify for.
Both companies offer a variety of discounts, including discounts for good drivers, safe vehicles, and more. However, Progressive tends to be a bit more generous with its discounts than Travelers. For example, Progressive’s Snapshot program allows clients to pay based on how well and how much they drive. Progressive also has a broader range of coverage options than Travelers, so if you’re looking for something specific, like loan/lease payoff coverage or rental car reimbursement, Progressive is more likely to have what you’re looking for.
Car insurance is a necessary expense, but there’s no reason to overpay if you don’t have to. By comparison shopping and taking advantage of discounts, you can make sure you’re getting the best possible rate on your car insurance policy.
Progressive vs. Travelers: Customer Service
Customer service is one of the most important factors to consider when choosing an auto insurance company. Progressive and Travelers are two of the most popular insurers, so how do their customer service offerings compare? Progressive is known for its modern approach and use of technology. The company offers a mobile app and 24/7 customer support. In addition, Progressive offers a live chat feature on its website, and you can even reach out to them on social media.
Travelers, on the other hand, has a more traditional approach to customer service. The company offers 24/7 phone support and a customer service center on its website. It has a mobile app as well, but it doesn’t have a live chat feature.
It’s important to note that both companies have high marks for customer satisfaction. However, Progressive’s better use of technology gives it a slight edge in this area.
Progressive vs. Travelers: Car Insurance Ratings
Car insurance ratings provide an overview of how different insurers compare in terms of price, customer satisfaction, and financial stability. While they can’t tell you everything about a company, they can give you a good idea of which insurer will likely offer the best coverage at the best price.
Progressive and Travelers have different ratings from the major rating organizations. The Better Business Bureau (BBB) and AM Best gave Progressive an A+ rating. In addition, Progressive is ranked 242 on the Forbes list of America’s largest publicly traded companies. Travelers is rated A+ by the BBB and A++ by AM Best. In addition, Travelers is ranked 220 on the Forbes list of America’s largest publicly traded companies.
So, both Progressive and Travelers rank highly in general, especially from the major rating organizations, making both options great choices for insurance. However, Travelers is the better choice if you’re looking for a company with a higher ranking on the Forbes list.
If you’re still trying to decide between Progressive and Travelers auto insurance, it’s important to consider your individual needs. Take some time to compare the two companies and decide which one is right for you. No matter which company you choose, make sure you compare quotes to get the best rate.
At FIXD, our mission is to make car ownership as simple, easy, and affordable as possible. Our research team utilizes the latest automotive data and insights to create tools and resources that help drivers get peace of mind and save money over the life of their car.