Nationwide vs Progressive | Bankrate

Table of Contents Nationwide vs Progressive: car insurance rates comparisonRates by credit scoreRates by ageRates

Nationwide Insurance was founded in 1925, and was originally established to help farmers get more affordable car insurance. As of 2020, it is the eighth largest car insurance provider, with 2% of the total market share. Nationwide underwrites its own policies, and sells a wide variety of insurance products, including auto, home, renters, life, pet and business insurance.

Progressive Insurance is another popular car insurance provider, with 13% of the total market share, making it the third largest company in the United States. Progressive was founded in 1937 and currently has a customer base of more than 18 million. Like Nationwide, Progressive has extensive personal and business insurance product offerings.

Nationwide vs Progressive: car insurance rates comparison

Nationwide and Progressive are comparable in terms of their third-party reviews and their average annual premiums. Progressive’s rates are slightly more expensive, and it also has a lower overall customer satisfaction score than Nationwide. The table below includes a side-by-side comparison of Nationwide vs. Progressive’s average prices and third-party ratings:

Car insurance company Bankrate Score AM Best J.D. Power Average annual premium for minimum coverage Average annual premium for full coverage
Nationwide 4.2 A+ 876/1,000 $501 $1,485
Progressive 4.1 A+ 856/1,000 $582 $1,509

Rates by credit score

Unless you live in Hawaii, California, Washington or Massachusetts, car insurance companies may consider your credit score when calculating your rate. Credit is sometimes considered by providers to be an indicator of higher risk, and may have higher rates depending on the state of your credit history. However, not all providers weigh credit or weigh it equally. Compare quotes from providers you are considering to determine which might offer more competitive rates for your credit circumstances.

Rates by age

Age is another factor that will impact your car insurance rate. Younger drivers pay the highest rates because they lack experience, and are more prone to accidents. Overall, Nationwide is going to be a cheaper option for young drivers. You can see the average annual premiums from Nationwide vs. Progressive based on age in the table below:

Car insurance company Age 16* Age 18* Age 25 Age 30 Age 40 Age 60
Nationwide $1,241 $4,449 $1,668 $1,479 $1,485 $1,243
Progressive $1,955 $6,287 $1,796 $1,668 $1,509 $1,302

*16 year old cost when added to parents’ policy, 18-year-old renter

Rates by driving record

Drivers who have no violations on their record pay the lowest car insurance rates. Nationwide is the cheaper option if you have a clean driving record, but if you have any violations on your record, the cheapest company varies. We included a Progressive vs Nationwide comparison in the table below for average annual premiums based on driving record:

Car insurance company Clean driving record Speeding ticket Accident DUI conviction
Nationwide $1,485 $1,734 $1,745 $2,665
Progressive $1,509 $1,826 $2,231 $1,933

Nationwide vs Progressive: discounts

Nationwide and Progressive both offer a list of impressive car insurance discounts. However, each provider has different savings opportunities. Here are some of the unique and notable car insurance discounts available from each provider:

Nationwide

  • SmartMiles discount — Nationwide’s SmartMiles program is a pay-per-mile insurance plan that might give you a lower rate for driving under a certain number of miles each year.
  • Safe driver discount — You may be able to take advantage of the safe driver discount if you have no accidents or major violations on your record for at least five years.
  • Multi-policy discount — When you bundle a home and auto policy with Nationwide, you may save an average of $646. Progressive’s multi-policy discount only comes with a savings of 5%, which is much lower.

Progressive

  • Teen driver discount — Progressive’s teen driver discount may help keep your rate from increasing significantly after adding a newly licensed driver to your policy.
  • Pay in full discount — You may be able to earn a discount from Progressive if you pay your annual premium upfront and in full, rather than in monthly installments.
  • Deductible savings bank — With Progressive’s deductible savings bank, you may be able to lower your comprehensive or collision insurance deductible by $50 for each policy period where you have no claims.

Nationwide vs Progressive: online and mobile experience comparison

Overall, Nationwide and Progressive have good online and mobile experiences. Both companies have an online quote tool, helpful resources and articles, and an easy-to-use interface with simple navigation.

However, we found that Progressive offers better online tools, like the Name Your Price Tool, which allows you to build a policy that fits your budget. Both companies also offer a mobile app that includes standard features. Here is a look at the Nationwide vs. Progressive mobile app:

Nationwide

  • App Store (4.4 stars) — Nationwide’s iOS app has great reviews on the App Store, with a good range of capabilities. You can get your ID cards, file a claim, connect with roadside assistance and find repair shops near you. Depending on your device, you can also set up fingerprint or facial login.
  • Google Play (4 stars) — With the Nationwide Android app, you get the same features as the iOS app, like roadside assistance, claim reporting, payments, ID cards and more. However, some users report app bugs, including features that do not work properly.

Progressive

  • App Store (3.5 stars) — If you have an iPhone, you can use Progressive’s mobile app to pay your premiums, get your ID cards, report a claim, get roadside assistance and even start a new insurance quote. The app’s score of 3.5 is not great, but most of the ratings are for the company itself, not the actual app experience.
  • Google Play (4.1 stars) — Progressive’s Android app has better ratings than the iOS app. It has all the same features as the iOS app, with the option to get roadside assistance, report a claim and make basic changes to your existing policy. If you are enrolled in the Snapshot safe driver program, you can also check on your progress in the mobile app.

Frequently asked questions

What is the best car insurance company?

The best car insurance company is different for every driver. The best provider for customer service may not be the best provider for low rates or customizable coverage. To find the best provider for your needs, we recommend shopping around, getting a few quotes and comparing providers using your personal criteria.

How much does car insurance cost?

The average cost of car insurance in the United States is $1,674 per year for a full coverage policy. However, remember that car insurance rates are personalized. You could pay more or less than the national average rate based on factors like your state, age, driving record and claims history.

Can I switch car insurance companies?

Yes, you can switch car insurance carriers at any time. Switching car insurance companies can be a good way to get a lower rate if you have recently had a claim, or if you want access to more discounts or coverage options.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our base profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should only be used for comparative purposes.

Credit: Rates were calculated based on the following insurance credit tiers assigned to our drivers: “poor, average, good (base), and excellent.” Insurance credit tiers factor in your official credit scores but are not dependent on that variable alone. The following states do not allow credit to be a factor in determining auto insurance rates: CA, HI, MA

Age: Rates were calculated by evaluating our base profile with the ages 18-60 (base: 40 years) applied. 16-year-old rates were factored as the added cost to their parents’ policy; 18-year-old rates were calculated as drivers who rent their primary residence.

Incident: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket, single DUI conviction (BAC of >= .08) and lapse in coverage.

Bankrate Scores

Bankrate scores primarily reflect a weighted rank of industry standard ratings for financial strength (AM Best, S&P, Moody’s) and customer experience (J.D. Power, NAIC), in addition to average quoted rates from Quadrant Information Services. The J.D. Power studies utilized include the 2020 Auto Insurance Study and the 2020 Auto Claims Study. Our Bankrate editorial team’s extensive research and analysis provided a secondary assessment of each insurer’s online and mobile resources and policy management options, which also contributed to overall ratings.