WalletHub, Financial Company
You can lower your Progressive car insurance costs by taking advantage of Progressive discounts, opting for a higher deductible, and reducing your coverage, among other things. Progressive considers a variety of factors when calculating your premium, though some – like your age and location – are out of your control. Fortunately, you can take steps to influence other factors in order to lower your rate.
How to Lower the Cost of Car Insurance from Progressive
Use Progressive’s auto insurance discounts
Progressive offers a wide variety of discounts that can help you lower your overall car insurance bill. For example, drivers can get a discount of up to 5% if they have two or more policies with Progressive. Or you can save an average of 10% on your premium if you add a full-time student on your policy who maintains a "B" average or better.
Raise your car insurance deductible
Opting for a higher deductible on any of your insurance policies from Progressive can lower your premium. But if you decide to go this route, it’s important that you choose a deductible amount that you can still afford if you suddenly need to file a claim. Otherwise, you might not be able to use the coverage that you have.
Reduce your car insurance coverage
Most states require a certain amount of bodily injury liability and property damage liability coverage. But there are other coverage options (like comprehensive, collision, personal injury protection, and uninsured motorist) that you may not have to purchase, depending on your state. Less coverage usually means lower premiums, but it could also lead to higher costs in the long run, so it’s important to approach coverage decisions with caution.
Improve your driving record
Practicing safe driving habits and avoiding moving violations can help you qualify for lower Progressive insurance rates long-term. You may also be able to attend traffic school in order to remove a violation or points from your record, depending on your state.
Build and improve your credit
Because your credit history is correlated with your likelihood of filing an insurance claim, Progressive uses your credit data to calculate your premium in states where it is legal. As a result, having good credit makes you less of an insurance risk, which will reduce your rates over time.
Whether you can shorten your commute to work, use more public transportation, or even ride a bicycle more, driving fewer miles each year could lower your Progressive premium.
Drive an insurance-friendly car
Expensive cars, sports cars, and cars with high rates of theft are considered to be riskier to insure than cheaper, more practical vehicles. Before you buy a new car, get a new quote from Progressive to see how it will affect your rate. If the cost is out of your budget, then you should probably choose a different car.
Sign up for Snapshot
Snapshot, the Progressive telematics program rewards you for good driving with a discounted premium. Specifically, Snapshot tracks miles driven, acceleration, braking, the time of day that you drive, and distracted driving. By using Snapshot, drivers can save an average of $146 on their rate.
Finally, if you’re still struggling to afford your Progressive policy, you should consider switching insurers. Even if you’re not actively looking for a new policy, it’s generally a good idea to compare quotes from three different companies every 6-12 months. To learn more, check out WalletHub’s guide to switching car insurance companies.
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