Progressive Insurance is a well-known name in the auto insurance industry, recognized for its user-friendly online tools and competitive rates. However, before you jump into a policy, it’s crucial to understand the specifics of what Progressive offers to ensure it aligns with your individual needs and circumstances. Here are five essential things you need to know before getting Progressive insurance:
- Understanding Progressive’s Coverage Options:
Progressive offers a standard range of auto insurance coverages, including:
- Liability Coverage: This is legally required in most states and covers bodily injury and property damage you cause to others in an accident. Understand the different split limits (e.g., 25/50/25) and choose limits that adequately protect your assets.
- Collision Coverage: This covers damage to your vehicle resulting from a collision, regardless of fault. Consider the value of your car and your ability to pay for repairs out-of-pocket when deciding on this coverage.
- Comprehensive Coverage: This protects your vehicle from damage caused by non-collision events like theft, vandalism, natural disasters, and animal strikes.
- Uninsured/Underinsured Motorist Coverage: This protects you if you’re hit by a driver with no insurance or insufficient insurance to cover your damages. This is vital for financial security after an accident.
- Medical Payments (MedPay) or Personal Injury Protection (PIP): These cover your medical expenses and those of your passengers after an accident, regardless of fault. PIP may also cover lost wages and other related expenses.
Before getting a quote, assess your individual needs and determine which coverages and limits are appropriate for your situation. Don’t just focus on the cheapest premium; ensure you have adequate protection.
- Progressive’s Unique Features and Discounts:
Progressive stands out with several unique features and potential discounts:
- Name Your Price® Tool: This allows you to input your desired monthly payment, and Progressive will show you coverage options that fit your budget. While helpful, remember to prioritize adequate coverage over the lowest price.
- Snapshot® Program: This usage-based insurance program monitors your driving habits (hard braking, fast acceleration, nighttime driving) through a mobile app or plug-in device. Safe drivers can earn significant discounts. However, aggressive driving can lead to rate increases.
- Multi-Policy Discount: Bundling your auto insurance with other Progressive policies, such as homeowners or renters insurance, can result in substantial savings.
- Multi-Car Discount: Insuring multiple vehicles on the same Progressive policy can also lead to lower premiums.
- Other Standard Discounts: Progressive offers typical discounts for good students, homeowners, safe drivers, and more. Be sure to inquire about all applicable discounts when getting a quote.
Understand these features and discounts to potentially lower your premium. However, carefully consider if programs like Snapshot® align with your driving style. By taking a proactive and comparative approach, you can move beyond marketing claims and confidently identify the home or auto insurance policy that truly offers the best value for your specific situation. Progressive may be a strong contender, but a thorough investigation through comparison is the only way to know for sure if they offer your lowest rate.
