Progressive vs Nationwide Car Insurance [2020]

Car insurance costs for Progressive vs Nationwide depends on discounts and coverage offered. The average rates for Progressive are $327.95/mo. vs Nationwide average rates of 265.60/mo.

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Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Jan 28, 2021

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Here's what you need to know...

  • Progressive and Nationwide insurance companies are similar in several ways
  • Both companies have been established in America since the early 1900s
  • Both companies offer a variety of options for insurance coverage

Should you buy a Progressive auto insurance policy or a Nationwide auto insurance policy?

Check out this Progressive vs Nationwide comparison and then use the free tool on this page for a free car insurance comparison with many different car insurance companies!

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Nationwide & Progressive Differences

Nationwide and Progressive are both large and reputable companies, but there are some differences between the two.

  • Nationwide offers All Terrain Vehicle coverage and insurance but Progressive does not
  • On the other hand, Progressive offers segway insurance while Nationwide does not

Decide for yourself whether you should buy car insurance from Progressive, Nationwide, or another company altogether. Simply enter your zip in for free car insurance quotes now!

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Nationwide vs. Progressive Car Insurance Costs

  • Progressive and Nationwide are two of America’s most popular car insurance companies
  • Nationwide offers cheaper baseline prices, but adding on extra policies may cost more than full coverage at Progressive
  • Thoroughly investigate each company and get a free quotes comparison based off your driving history, vehicle model, and more to guarantee the best deal

You’ve just bought a new car, or you own several cars. For some reason, you’re upset with your current insurance provider.

Click here for a list of Progressive car insurance discounts.

Click here for a list of Nationwide car insurance discounts.

Should you go with slightly scary Progressive spokesperson Flo with too much caked-on makeup, or should you go with Nationwide’s somewhat less interesting World’s Greatest Spokesman who has no name?

The answer should have less to do with each company’s commercials and more to do with benefits versus costs, what plans you are comparing between the two companies, and your own personal variables (e.g., your age, gender, driving history, and educational background).

You might also need to know if Progressive insurance is cheaper than Nationwide’s coverage.

You can compare car insurance quotes from all states with just the click of a button. Just type your ZIP code into the box above!

How do costs and benefits compare?

Does Progressive offer a better deal than Nationwide? The answers, regarding three random Craigslist cars — 2010 Kia, 2003 Chevrolet Cavalier, and 2002 Lincoln Town Car — put into the respective online quote generators of both companies, would be threefold.

  • One – Nationwide can get you a cheaper deal by almost $120 dollars a month for three vehicles ($134 monthly for Nationwide vs. $264 for Progressive), but you lose many benefits that you might end up needing, such as roadside assistance or rental car expenses while your car is being repaired or replaced.
  • Two – When Nationwide offers a package of comparable benefits to Progressive, the costs are pretty much the same and can change depending on the discounts offered and perhaps even your negotiating skills.
  • Three – What are your variables? For this particular online test, the applicant was a college-educated male over the age of 40. He is making payments on his current insurance, had no accidents or DUIs within the last several years, and was looking to bundle all three cars for one monthly quote for the state of Pennsylvania.

Your prices would probably be completely different for one or two cars if you hadn’t paid insurance for a while, or even if you weren’t a college graduate (a debatable criteria, but one often used by insurance companies). Use the quote generators, and experiment with the benefits to get your best price.

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Why isn’t cheapest my best bet?

The “basic” or barebones insurance that Nationwide can provide you with is about $120 cheaper than the recommended version that Nationwide suggests and about $127 cheaper than what Progressive recommends. (Progressive didn’t offer three tiers of coverage.)

But here’s what you don’t get with that $134 a month premium for your three vehicles:

Those last two are very important if you need a car to get to work. It might be worth it to spend a little bit extra to get several benefits that you might need down the road.

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What variables should I consider?

Below are the final numbers provided with our three sample cars.

Nationwide offered three quotes: $132.99 per month for Basic, $256.42 a month for Recommended, and $294.02 for Recommended Plus. Progressive offered one quote of $264.22 per month for three cars. But the Progressive interface did have flexibility so you could change the parameters of many of its features.

It wouldn’t be surprising if you could achieve a Progressive quote competitive with Nationwide’s Basic rate or even as high as Nationwide’s Recommended Plus, just by tweaking the parameters of things like accidental death benefits or income loss.

But the important thing to remember is that all those numbers change depending on variables. If you don’t bundle three cars at once, then the numbers change. If you had renter’s insurance and bundled further, then the numbers change.

If you live in California as opposed to Pennsylvania, then the numbers change. If you’re a college-educated male as opposed to a female high school dropout, then the numbers will probably change.

You might not even get a quote if you’ve been in too many accidents or had one too many DUI convictions. Or worse yet: You owe the insurers money!

A Brief History

The Progressive Insurance Company was established by Jack Green and Joe Lewis in 1937. Progressive Corporation headquarters was located in Mayfield Village, Ohio.

Progressive Insurance Corporation accumulated some massive growth that prompted the company to relocate to offices in the downtown area of Cleveland, Ohio.

In 1956, another branch of Progressive Insurance Corporation called Progressive Casualty Company was established. Progressive Casualty Company was established to write auto insurance for high-risk drivers.

In today’s economy, Progressive Insurance Company insures drivers with less than perfect backgrounds and driving records

The Nationwide Insurance Company began in 1925 and was originally called the Ohio Farm Bureau Federation.

In 1925, Ohio state law required that one hundred people make a pledge to become policyholders. The first agents that were employed at that time recruited ten times as many people.

On April 12, 1926, Nationwide Insurance Company obtained over one thousand policyholders.

So is Nationwide Cheaper than Progressive?

The answer is: “It depends.”

It depends on whether a basic coverage plan will satisfy your needs and if you’re a long-time customer of either insurer. It depends on what state you live in and how safe a driver you are. It depends on whether you want to replace your car or the car’s actual value if it is destroyed in an accident.

It even depends on whether you limit your insurance choices to just two companies.

Shop around and find the best deal at the best value.

Type your ZIP code into the FREE quote tool to compare car insurance rates among Progressive, Nationwide, and other insurers today!

References:

  1. https://www.progressive.com/
  2. https://www.vault.com/company-profiles/insurance/progressive-casualty-insurance-company/company-overview.aspx
  3. https://ofbf.org/
  4. https://www.nationwide.com/
  5. https://www.nationwide.com/atv-insurance-coverage.jsp

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