Nationwide vs. Progressive Auto Insurance: Which should you buy in 2024?
It’s time to compare Nationwide vs. Progressive auto insurance rates. This guide will walk you through Nationwide and Progressive car insurance coverages, discounts, and reviews. You can secure cheap auto insurance quotes by comparing companies online and shopping until you find the best rates. Enter your ZIP code below to get free quotes from Nationwide, Progressive, and other local companies.
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Ty Stewart
Licensed Insurance Agent
Ty Stewart is the founder and CEO of SimpleLifeInsure.com. He started researching and studying about insurance when he got his first policy for his own family. He has been featured as an insurance expert speaker at agent conventions and in top publications. As an independent licensed insurance agent, he has helped clients nationwide to secure affordable coverage while making the process simpl...
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UPDATED: Nov 27, 2023
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- Nationwide and Progressive are two of the top auto insurance companies in the United States.
- Progressive has a much larger market share than Nationwide.
- If you have an accident on your driving record, you can save more money with Nationwide.
- Despite its smaller market share, Nationwide provides more coverage options than Progressive.
Since you’ve narrowed your search for insurance to Nationwide and Progressive, it’s time to compare Nationwide vs. Progressive auto insurance coverage. Our guide has everything you need to know about Nationwide vs. Progressive auto insurance rates, discounts, and reviews.
If Nationwide and Progressive are in your local area, you can compare auto insurance quotes by entering your ZIP code in the free comparison tool above.
Nationwide vs. Progressive Auto Insurance: Which company is the cheapest?
We have many auto insurance rates to show you, but let’s examine how Nationwide vs. Progressive match up.
Nationwide vs. Progressive Summary
| Summary | Nationwide Auto Insurance Stats | Progressive Auto Insurance Stats |
|---|---|---|
| Year Founded | 1926 | 1937 |
| Headquarters | One West Nationwide Blvd. Columbus, OH 43215-2220 | 6300 Wilson Mills Road, W33 Cleveland, OH 44143-2182 |
| Available in how many states? | All States | 47 |
| Direct Premiums | $6.6 Billion | $32.2 Billion |
| Market Share | 3% | 12% |
Nationwide and Progressive provide reliable car insurance options that you can get at an affordable cost per month. Cheap auto insurance can be easy to come by under the right circumstances. Read on to learn more about how to find cheap insurance.
If you want a closer look at these companies, go check out our Progressive auto insurance review for more information.
Which is cheapest by driving record?
If you want to save money on your auto insurance policy, aim for a clean driving record. No accidents, traffic violations, or DUIs means lower car insurance rates per month. Let’s see how Nationwide and Progressive measure up.
Average Monthly Nationwide vs. Progressive Auto Insurance Rates Based on Driving Record
| Driving Record Summary | Nationwide Monthly Auto Insurance Rates | Progressive Monthly Auto Insurance Rates |
|---|---|---|
| Clean Driving Record | $229 | $283 |
| With 1 Speeding Violation | $259 | $334 |
| With 1 Accident | $283 | $398 |
| With 1 DUI | $379 | $331 |
Nationwide is the winner when it comes to cheap auto insurance rates based on driving records. However, Progressive’s DUI-based car insurance is less expensive than Nationwide’s.
Which is cheapest by credit score?
Did you know auto insurance companies do soft checks on your credit score? Auto insurance providers check your credit as a way to assess your risk level.
According to some car insurance companies, lower credit scores equal higher chances of filing claims.
If your credit happens to improve while you’re insured, be sure to alert your auto insurance company. The better your credit, the more affordable the car insurance rate.
How does that go over with Nationwide and Progressive? Let’s see car insurance rates from both companies based on credit score.
Average Monthly Nationwide vs. Progressive Auto Insurance Rates by Credit Scores
| Credit Score Summary | Nationwide Monthly Auto Insurance Rates | Progressive Monthly Auto Insurance Rates |
|---|---|---|
| Good Credit (670-739) | $244 | $302 |
| Fair Credit Score (580-669) | $271 | $330 |
| Poor Credit Score (300-579) | $340 | $395 |
Once again, Nationwide is cheaper than Progressive.
Which is cheapest by age and gender?
Age and gender are two important factors when determining auto insurance rates. Gender is associated with the level of risk, and age correlates to the policyholder’s driving experience.
So how do Nationwide and Progressive calculate these risks to their auto insurance rates? Let’s look at the results below.
Average Monthly Nationwide vs. Progressive Auto Insurance Rates Based on Age, Gender, and Marital Status
| Age, Gender, and Marital Status | Nationwide Monthly Auto Insurance Rates | Progressive Monthly Auto Insurance Rates |
|---|---|---|
| Married 35-year-old female | $197 | $191 |
| Married 35-year-old male | $199 | $181 |
| Married 60-year-old female | $178 | $166 |
| Married 60-year-old male | $185 | $171 |
| Single 17-year-old female | $480 | $724 |
| Single 17-year-old male | $598 | $802 |
| Single 25-year-old female | $224 | $225 |
| Single 25-year-old male | $241 | $230 |
Both companies show promise here. Progressive is cheaper for older, married drivers. Nationwide on the other hand is less expensive for young and single drivers.
Auto insurance for teens may be expensive, but you can use discounts to lower monthly premiums.
Which is cheapest by coverage level?
Coverage levels are also known as coverage limits. When you get a car insurance quote, you’ll have the option to choose between the minimum car insurance requirements or a higher coverage level.
The more coverage you need, the more you’ll pay for auto insurance per month. How much do you have to pay for auto insurance based on coverage level at Nationwide and Progressive? Let’s look at the research below.
Average Monthly Nationwide vs. Progressive Auto Insurance Based on Coverage Level
| Coverage Level Summary | Nationwide Monthly Auto Insurance Rates | Progressive Monthly Auto Insurance Rates |
|---|---|---|
| Low Coverage Level (Depends on State) | $283 | $311 |
| Medium Coverage Level (50/100/50) | $287 | $335 |
| High Coverage Level (100/300/100) | $292 | $363 |
Although Nationwide is cheaper, Progressive auto insurance rates aren’t far off from its competitor’s prices. Progressive may be more expensive, but it may also have better service.
Which is cheapest by commute mileage?
Did you know auto insurance companies provide discounts to drivers who drive less? When you drive less, you decrease your chances of getting into an accident and filing a claim.
Some companies don’t bother increasing your car insurance rates, no matter the number of miles you’re estimated to drive. Let’s review auto insurance rates determined by commute mileage.
Average Monthly Nationwide vs. Progressive Auto Insurance Rates by Commute Mileage
| Estimated Commute Mileage | Nationwide Monthly Auto Insurance Rates | Progressive Monthly Auto Insurance Rates |
|---|---|---|
| 10 Miles Commute (6,000 miles/yr) | $286 | $336 |
| 25 Miles Commute (12,000 miles/yr) | $289 | $337 |
Both companies show a minimal increase in auto insurance rates when you drive more during the policy period. However, Nationwide is still more affordable than Progressive.
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Nationwide vs. Progressive Auto Insurance Coverage
If you’re convinced that cheaper isn’t better, let’s compare Nationwide vs. Progressive auto insurance coverage plans. One of these car insurance companies may have something that you need.
Comparing Nationwide and Progressive Auto Insurance Coverage Options
| Nationwide Auto Insurance Coverages | Progressive Auto Insurance Coverages |
|---|---|
| Bodily Injury Liability | Bodily Injury Liability |
| Property Damage Liability | Property Damage Liability |
| Medical Payments coverage | Comprehensive |
| Collision coverage | Collision |
| Comprehensive coverage | Underinsured |
| Uninsured & Underinsured Motorist Coverage | Uninsured Motorist |
| Personal Injury Protection | Medical Payments |
| GAP Coverage | Loan/Lease Payoff |
| Rental Car Expense | Rental Car Reimbursement |
| Roadside Assistance | Custom Parts and Equipment Value |
| Accident Forgiveness | Rideshare Coverage |
| Vanishing Deductible | Roadside Assistance |
| Total Loss Deductible Waiver | Deductible Savings Bank |
| Towing and Labor Coverage |
Nationwide has more coverage but lacks rideshare coverage and custom parts insurance. If you add more coverage, you’ll pay for car insurance. However, you can lower these high prices with discounts.
Nationwide vs. Progressive Auto Insurance: Who has more discounts?
When deals are applied to your auto insurance policy, you can save hundreds of dollars. With that being said, where do Nationwide and Progressive stand regarding discounts? Let’s compare discount values in the research.
Comparing Nationwide vs. Progressive Auto Insurance Discounts
| Auto Insurance Discount Name | Nationwide Discount Values | Progressive Discount Values |
|---|---|---|
| Accident Forgiveness | Varies | N/A |
| Accident-Free Discount | Varies | N/A |
| Affinity group discount | Varies | N/A |
| Anti-Theft Device Discount | 5% | 5% |
| Continuous Coverage Discount | N/A | Varies |
| Defensive Driver Discount | 10% | Varies |
| Discount Finder | N/A | Varies |
| Driving Habits Discount | Varies | N/A |
| E-billing Discount | N/A | Varies |
| Family Discount | 25% | N/A |
| Farm Bureau Discount | 10% | N/A |
| Good Credit Discount | N/A | 84% |
| Good Driver Discount | 10% | 26% |
| Good Student Discount | 15% | 10% |
| Home Owner Discount | N/A | Varies |
| Low Mileage Discount | N/A | Varies |
| Loyalty Discount | N/A | Varies |
| Military Discount | N/A | Varies |
| Multiple Policy Discount | 25% | 10% |
| Multiple Vehicle Discount | 20% | 30% |
| No lapse in coverage discount | N/A | Varies |
| Organization Discount | 10% | N/A |
| Paid in full discount | N/A | Varies |
| Paperless documents discount | Varies | Varies |
| Passive Restraint Discount | N/A | 10% |
| Preferred payment discount | Varies | Varies |
| Prepay Discount | N/A | Varies |
| Provider Switch Discount | N/A | Varies |
| Signing documents when you buy online discount | N/A | Varies |
| SmartRide discount | 10% | N/A |
| Starting your auto quote online discount | N/A | Varies |
| Student Away at School Discount | N/A | 10% |
| teenSMART Discount | N/A | Varies |
| Youth Driving Discount | N/A | Varies |
Nationwide is cheaper, but Progressive has more effective discounts. When discounts work together, they cut costs by a lot.
Try bundling your policies, also. Nationwide pet insurance and Nationwide retirement are examples that you can bundle with your auto insurance to save money.
Nationwide and Progressive Highlights & Car Insurance Reviews
Now that you know about Nationwide and Progressive auto insurance rates, it’s time to look at some company reviews. We split the reviews into three categories:
- Pros and Cons
- Financial Strength and Credit Ratings
- Mobile App Reviews
These ratings and reviews will help you make a confident choice when you finally decide which company to purchase from. You may go in another direction. The mission is to get you the coverage you need.
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Pros and Cons
This wouldn’t be a reliable guide without pros and cons. The list of advantages and disadvantages will help you compare both companies and see which one is best for you.
Comparing Pros and Cons of Nationwide vs. Progressive Auto Insurance
| Nationwide Pros | Nationwide Cons | Progressive Pros | Progressive Cons |
|---|---|---|---|
| Choice of an agent or buying coverage directly. | Customer satisfaction ratings are average to below-average | Provides non-standard auto insurance | Vehicles worth $150,000 or more can't get a Progressive policy |
| One-stop shopping with lots of bundling options | No rideshare insurance available | Pet injury is covered under collision insurance | Rates about average under J.D. Power |
| Rates are below average in most states | Fewer add-on options than many other companies | Various insurance options to bundle with auto insurance | Progressive quotes may check your credit |
| Custom equipment and loan payoff policies |
Did we miss something? Many car insurance customers work through their needs and their budget as they read through the details. Revisit the sections above to get some reassurance about Nationwide and Progressive.
Financial Strength and Credit Ratings
A company that manages money well can provide you with better service and give you more options. Nationwide and Progressive are in the top ten list for market share, but what do their financial strength and credit rating look like? Let’s examine their ratings.
Nationwide vs. Progressive Auto Insurance Financial Strength and Credit Ratings
| Agencies | Nationwide Ratings | Progressive Ratings |
|---|---|---|
| AM Best | A+ (Excellent) | A+ (Excellent) |
| Better Business Bureau (BBB) | A | A- |
| Moody's | A1 (Good) | A2 (Good) |
| S&P | A+ (Good) | AA (Very Strong) |
| NAIC Complaint Index | 1.45 | 1.33 |
| J.D. Power - Power Circle Ratings | About Average | About Average |
| Consumer Reports | 88 | 87 |
Based on the ratings, Nationwide is slightly better under financial strength and credit ratings. However, Progressive’s direct premiums are almost five times higher than Nationwide’s.
Mobile App Ratings
The smartphone experience has become essential to consumers. To access any Nationwide insurance or Progressive insurance policy, you have to create an account with them.
Visit each companies’ website, create a Nationwide insurance login or Progressive insurance login. You can use your Nationwide or Progressive login on the company’s app.
Let’s see how Nationwide and Progressive apps performed on iOS and Android.
Nationwide vs. Progressive Mobile App Ratings
| Smart Device Stores/Systems | Nationwide Mobile App Star Ratings | Progressive Mobile App Star Ratings |
|---|---|---|
| Apple App Store (iOS) | 2 stars | 3 stars |
| Google Play Store (Android) | 3 stars | 4 stars |
Progressive’s app appears to perform better than Nationwide’s. To get the full experience, you’ll need to buy a policy, create a login, and start using the app.
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Progressive or Nationwide: Which company is best for you?
Nationwide is the cheapest company when compared to Progressive. However, Progressive has an impressive market share and sells more policies than Nationwide. Progressive also has more discounts, which may overtake Nationwide’s spot as the cheaper company.
To see how Nationwide vs. Progressive auto insurance quotes work for you, enter your ZIP code in the free online quote tool below.