Progressive vs. Travelers 2023

Progressive and Travelers are two major insurance companies in the U.S. Both insurers have offered high-quality services and insurance solutions to customers for a long time. While both companies have a lot to offer, it’s difficult to choose between the two.

To help you with your insurance purchase, we’re looking at the two companies head-to-head to give you an easier time deciding on the insurer that suits your needs best.

Progressive vs. Travelers: Head-to-Head

Compare Auto Insurance

Which Has the Cheaper Auto Insurance?

Both Progressive and Travelers have fairly affordable insurance, but your car insurance quotes will vary depending on your driver profile. There are a few factors that help determine your car insurance rate, so it’s ideal to get quotes from both insurers to see which one best fits your budget.

Travelers’ car insurance costs $1,751 per year on average for full coverage. That’s almost $400 lower than the $2,148 national average. In comparison, Progressive car insurance costs $2,075, making it more expensive on average than most competitors.

Progressive vs. Travelers: Auto Coverage Comparison

It’s important to know what you want and what you need to buy. Here’s a look at what coverage options is available from these insurance companies.

Progressive also offers Progressive accident forgiveness as the third accident forgiveness coverage. Progressive accident forgiveness is for people who want to add an additional layer of coverage. You can buy this coverage when you purchase or renew your policy, which forgives you for one accident per policy period.

Similarly, Travelers offers responsible driver plans. The Responsible Driver Plan forgives accidents and violations, as well as decreases deductible by $50 for every six months without accidents, up to $500. This plan waives your deductible if your car is totaled during the policy term. Travelers also offers non-owner car insurance that covers drivers who don’t own a car but drive regularly.

Progressive Auto Insurance Discounts

You can get the following auto insurance discounts from Progressive:

• Multipolicy discount
• Discounts for insuring multiple vehicles.
• Discount for adding a teen driver.
• Good student discount.
• Distant student discounts.
• Discount for getting a quote online.
• Paperless discount.
• Continuous insurance discount.

Travelers Auto Insurance Discounts

You can get several discounts on your car insurance to help you save money. You can save on car insurance with discounts for:

• Insuring multiple vehicles
• Purchasing multiple policies through Travelers.
• Owning a home, even if it is insured by a different company.
• Safe driving records.
• Owning or renting a hybrid car.
• New customers who buy quotes before policy expiration.
• Insuring vehicles less than 3 years old.

Compare Home Insurance

Progressive homeowners insurance is available in all 50 states plus Washington D.C. It offers good policy options for standard coverage, but you will find it lacking if you want more robust policies. Travelers, meanwhile, offers standard homeowners insurance along with additional features you can buy. You can get a Travelers home insurance policy in 45 states plus Washington D.C.

Here’s a head-to-head look at the coverages the two companies offer.

Progressive vs. Travelers: Home Insurance Addons

Progressive Home Insurance Addons:

On top of the standard coverage options, you can also choose to purchase these additional coverage options:

• Water backup coverage for water damage.
• Personal injury coverage for legal fees and damages resulting from slander, libel or false arrests.
• Extended replacement cost coverage to pay for repairs and rebuilding your house after a covered claim.
• Extra valuable coverage to raise limits for expensive items like jewelry.
• Personal property replacement coverage to cover the costs to replace new items if your stuff is stolen or damaged.

Travelers Home Insurance Addons:

Similarly, you can add the following coverage to your existing policy:

• Special personal property coverage to pay for damage resulting from any disaster, unless specifically excluded in the policy.
• Contents replacement cost reimburses you for replacing any stolen or damaged items in your house.
• Additional replacement cost coverage for rebuilding your house if it is destroyed and the cost exceeds your coverage limit.
• Extra coverage for valuable to raise your coverage limits to pay for any stolen or damaged valuables like jewelry.
• Water backup coverage for water damage from sever lines or drains.
• Identity fraud coverage reimburses you up to $25,000 if your personal information is stolen and misused.
• Green home coverage pays you to use environmentally friendly materials to repair or rebuild your home.

 

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Progressive vs. Travelers: Home Insurance Discounts

Here’s what qualifies you for discounts from the two insurance companies:

Progressive vs. Travelers: Which is Best for You?

Progressive and Travelers are two of the most recognizable names in insurance. Both companies offer a wide range of additional coverage. You can also get multiple discount options.

Ultimately, it comes down to what you need and your budget. It also depends on what you need. It’s ideal to do your research and get quotes from both companies to compare. Depending on what fits you best, you can decide on the insurance company of your choice.

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