Farmers vs. Progressive: Which Is the Best? (2024)

Progressive wins out against Farmers as the better car insurance company because of its nationwide availability and cheaper average rates.

Jacqueline DeMarco
Jacqueline DeMarco
  • 13+ years writing insurance and personal finance content

  • Insurance, lending, and retirement expert

Jacqueline has contributed content, and her personal finance passion, to dozens of noteworthy financial brands, including Credit Karma, Bankrate, and MagnifyMoney.

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Courtney Mikulski
Courtney MikulskiSenior Editor, Auto
  • 3+ years producing insurance and personal finance content

  • Main architect of the Insurify Quality Score

Courtney’s deep personal finance knowledge extends beyond insurance to credit cards, consumer lending, and banking. She thrives on creating actionable content.

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Konstantin Halachev
Data reviewed byKonstantin Halachev
Headshot of Konstantin Halachev, VP of Engineering at Insurify
Konstantin HalachevVP of Engineering & Data Science
  • 7+ years experience in data analysis

  • Ph.D. in Computational Biology

Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.

Updated November 3, 2024

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Farmers and Progressive are major car insurance companies and provide a solid selection of car insurance policy options and discounts. Progressive issues policies in all 50 states, whereas Farmers has more limited operations in 42 states. Even though Progressive charges less on average each month for auto insurance policies, Farmers offers a greater variety of discounts, which can help customers save.

To help you find the right car insurance company that meets your needs, here’s how Farmers and Progressive stack up against each other in average rates, industry reputation, discounts, coverage types, and more.

Quick Facts
  • Progressive’s average rates are $79 per month for liability insurance, and Farmers charges $112 per month.

  • Farmers has 23 different discounts compared to Progressive’s 16.

  • Both insurance companies earned high Insurify Quality (IQ) Scores.

Farmers vs. Progressive: The verdict

Progressive stands out across the board compared to Farmers. Not only does Progressive have cheaper average rates, but it’s available in all 50 states, while Farmers isn’t. Progressive also earned a higher Insurify Quality Score.

If finding the lowest price is your main objective, it’s still worth comparing quotes from both companies, as Farmers offers a greater variety of discounts that can help lower your car insurance costs.

Factor
Farmers
Progressive
IQ Score8.38.4
Customer satisfaction score3.333.5
Average quote: liability only$112$79
Number of discounts2316
Number of states where it operates4250
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
  • Our editorial team spent more than 350 hours developing the Insurify Quality (IQ) Score and scoring insurance companies. The IQ Score objectively analyzes and calculates a score for insurers using more than 15 crucial criteria. The team weighted criteria by importance to the consumer — factors such as customer reviews and affordability influence the score more than availability and third-party ratings.

    We rate each company on a 1 to 10 scale based on five categories: financial ratings, customer satisfaction, affordability, customer support and transparency, and availability. Insurify updates ratings once a year or as more recent information becomes available.

    • Third-party financial ratings: Insurify uses data from AM Best, S&P, Moody’s, and more to compare insurance companies’ credit and ability to pay out future claims.
    • Customer satisfaction: To calculate this score, Insurify analyzed more than 28,000 customer reviews across 155 car insurance companies. We also consider third-party ratings from J.D. Power, the National Association of Insurance Commissioners, and Trustpilot.
    • Affordability: Our data scientists analyzed more than 90 million real-time auto insurance rates from our partners across the U.S., as well as available discounts, to calculate an affordability score.
    • Customer support and transparency: This measures coverage options, ease of claims filing, and the insurer's transparency surrounding discounts, coverages, and claims process.
    • Availability and reach: Insurify scores availability and reach by identifying the number of states in which insurers offer coverage and company size by market share.

Farmers

With almost 100 years of industry experience, Farmers offers various insurance products and received an AM Best score of A (Excellent), which indicates the company is able to pay out future claims. However, it scored below average in multiple regions in J.D. Power’s customer satisfaction study, so keep that in mind when considering it for your auto insurance needs.[1] [2]

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User Reviews
3.0
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
8.3/10
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$112/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$248/mo

The seventh largest insurer in the U.S., Farmers has been in business for more than 100 years. The company offers about 30 different types of insurance, including auto, home, renters, flood, earthquake, life, and business insurance. Farmers offers numerous discounts, including for multiple cars, safe driving, anti-theft equipment, and bundling. Swiss insurer Zurich Insurance owns Farmers. With an A rating from A.M. Best for financial stability, Farmers has mixed online reviews from customers, and about four times as many complaints as expected in the National Association of Insurance Commissioners Customer Complaint Index.

Pros
  • Many discounts

  • Robust roadside assistance program

Cons
  • Lower customer satisfaction

  • Tends to have higher premiums than some competitors

Read more driver reviews of Farmers
Victor - November 2, 2024
Verified

Monopoly Anyone?

My policy's cost increases with every renewal. It seems that the increase doesn't take into consideration that my driving record has been clear for five years. My rates should have been lowered instead of being increased.

Jeanne - November 1, 2024
Verified

High Cost for Miles Driven per Month

Okay.

Cynthia - November 1, 2024
Verified

Great People and Insurance

Good.

Progressive

Available in all 50 states, Progressive was founded in 1937 and is an affordable option for drivers who need auto insurance. Progressive is a very financially secure company and earned an AM Best rating of A+ (Superior). It also scored below average in many regions in J.D. Power’s auto insurance customer satisfaction study.[2] [3]

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JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
819
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
8.4/10
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$79/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$138/mo

Although its founding in 1937 makes Progressive comparatively young, it is among the largest car insurers in the U.S. The company offers car, home, renters, commercial, and other types of insurance. Progressive customers can enjoy savings by bundling their car insurance with another type of Progressive policy – typically homeowners or renters. Available discounts range from multi-policy and multi-car discounts, to the Snapshot save driver discount. Progressive has an A.M. Best rating of A+ for financial stability. However, the company has a slightly higher-than-expected number of complaints in the National Association of Insurance Commissioner’s Consumer Complaints Index.

Pros
  • Rewards for good drivers

  • Numerous coverage options and discounts available

Cons
  • Higher-than-expected amount of complaints

  • Ranked 11 out of 15 companies in the J.D. Power Customer Satisfaction Index Ranking

Read more driver reviews of Progressive
Rebecca - November 3, 2024
Verified

Ok

The rates are too high for a senior citizen.

Laura - November 3, 2024
Verified

Too Expensive

They don't provide any real benefits or discounts, despite their claims. The price increase is phenomenal, doubling every six months.

Debbie - November 3, 2024
Verified

Too expensive for me, but otherwise great

They charge me more than I can afford. However, aside from the cost, their service is good.

Farmers Signal vs. Progressive Snapshot

Both Farmers and Progressive have telematics programs that can help you save on car insurance.

Signal by Farmers is a driving-monitoring app that promotes safe habits. It evaluates actions like braking and phone use, potentially saving you money on insurance renewals for safe driving. Every month that you earn a safe driving score of 80% or better, you enter a rewards drawing for a prize that can be worth up to $100.

Progressive’s Snapshot tailors car insurance rates to your driving habits through a usage-based insurance program. Participants usually receive an automatic discount and a personalized renewal rate based on their driving performance. Progressive advertises that drivers save an average of $231 per year with Snapshot.

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Farmers vs. Progressive: Which is the cheapest?

On average, Progressive offers more affordable liability auto insurance policies, at $79 per month compared to Farmers’ $112 monthly average. However, this doesn’t guarantee you’ll save the most with Progressive insurance, as many factors affect premium pricing, like your ZIP code, car type, and driving record.

Here’s how the average rates for Farmers and Progressive compare.

Progressive: Cheapest for drivers with a clean driving record

Having a clean driving record is one of the best ways to keep your car insurance rates cheap, as it signals to insurers that you’re a safe driver who’s unlikely to file claims. If you have a clean driving record, you can expect to spend less with Progressive each month than Farmers for a liability-only policy.

Driver Type
Farmers
Progressive
Clean driving record$112$79
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

Progressive: Cheapest for drivers with a speeding ticket

Having a speeding ticket on your record can increase your car insurance rates. But drivers with speeding tickets spend less on average with Progressive than they do with Farmers, according to Insurify data.

Driver Type
Farmers
Progressive
Drivers with a speeding ticket$131$93
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

Progressive: Cheapest for teen drivers

Young drivers lack experience and maturity behind the wheel compared to older age groups. Teenagers pay more for car insurance because of their minimal driving history, but Progressive has cheaper average rates for teens than Farmers.

Driver Type
Farmers
Progressive
18-year-old$197$144
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

Progressive: Cheapest for drivers with bad credit

Depending on your state laws, insurance companies may look at your credit history when determining your car insurance premiums. Drivers with poor credit tend to pay more for coverage than drivers with good or excellent credit.

Drivers with poor credit pay less on average for Progressive than they do for Farmers.

Driver Type
Farmers
Progressive
Drivers with bad credit$134$95
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

Progressive: Cheapest for senior drivers

As drivers get older, they typically pay cheaper rates, as long as they keep a clean driving record. Senior drivers usually pay cheap rates but may have slight premium increases when they hit their 70s due to age-related declines in driving ability.[4]

Despite these slight increases, Progressive has cheaper average rates for senior drivers than Farmers does.

Driver Type
Farmers
Progressive
Senior drivers$83$48
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

Compare coverages: Farmers vs. Progressive

Like most car insurance companies, Farmers and Progressive offer standard liability, collision, medical payments, personal injury protection (PIP), uninsured/underinsured motorist, and comprehensive coverages.

However, their other coverage options vary significantly. For example, Progressive offers pet injury coverage, which can pay for injuries your pet sustains in a car accident, but Farmers doesn’t offer this coverage.

On the other hand, Farmers’ loss-of-use coverage pays for alternative transportation — like buses, rideshare services, and more — if your car needs repairs during a covered claim. Progressive doesn’t have loss-of-use coverage, only rental car reimbursement coverage, which pays for a rental car during car repairs.

Here’s how Farmers’ and Progressive’s coverage options compare.

Coverage
Farmers
Progressive
Towing and roadside serviceYesYes
Rental car reimbursementYesYes
RideshareYesYes
Pet injury coverageNoYes
Loss of useYesNo
Guaranteed valueYesNo
Customized equipmentYesYes

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Compare discounts: Farmers vs. Progressive

Farmers offers more auto insurance discounts than Progressive, but both car insurance companies have a solid selection of discounts that you may qualify for. Even though Farmers’ average rates are more expensive than Progressive’s, you may be able to save on car insurance with Farmers if you qualify for enough discounts.

Discount
Farmers
Progressive
Clean driving recordNoNo
Defensive driving courseYesNo
Multi-policyYesYes
Multi-carYesYes
Low mileageNoNo
Telematics (safe driving app)YesYes
Anti-theft deviceYesNo
New carNoNo
Military/affiliationYesNo
Good studentYesYes
LoyaltyNoNo
Auto payNoNo
Student away at schoolYesYes
HomeownerYesYes
Alternative fuelYes (CA only)No

Farmers vs. Progressive FAQs

If you’re still deciding whether Farmers or Progressive car insurance is the best option to meet your needs, here’s more insight into these insurers.

  • Is Progressive the same as Farmers?

    No. Progressive and Farmers are different insurance companies, but they offer similar insurance products, like auto, home, and life insurance. When comparing the two, look at customer service reputation, insurance coverage options, and their claims process to see which company is best for you.

  • Does Farmers insurance have a good reputation?

    Farmers has a solid reputation in the insurance industry and received a score of A (Excellent) from AM Best, which implies the company is able to pay out future claims.

  • Which companies are Farmers’ competitors?

    Farmers Insurance competes with other major insurance companies in the United States, such as State Farm, Allstate, GEICO, and Progressive. These companies offer similar insurance products, including auto and homeowners insurance.

Methodology

Insurify data scientists analyzed more than 90 million quotes served to car insurance applicants in Insurify’s proprietary database to calculate the premium averages displayed on this page. These premiums are real quotes that come directly from Insurify’s 50+ partner insurance companies in all 50 states and Washington, D.C. Quote averages represent the median price for a quote across the given coverage level, driver subset, and geographic area.

Unless otherwise specified, quoted rates reflect the average cost for drivers between 20 and 70 years old with a clean driving record and average or better credit (a credit score of 600 or higher).

Liability-only premium averages correspond to policies with the following coverage limits:

  • Bodily injury limits between state-minimum rates and $50,000 per person, $100,000 per accident
  • Property damage limits between $10,000 and $50,000
  • No additional coverage
Full-coverage premium averages correspond to the same bodily injury and property damage limits in addition to:
  • Comprehensive coverage with a $1,000 deductible
  • Collision coverage with a $1,000 deductible

Quotes for Allstate, Farmers, GEICO, State Farm, and USAA are estimates based on Quadrant Information Services’ database of auto insurance rates.

Sources

  1. AM Best. "AM Best Affirms Credit Ratings of Members of Farmers Insurance Group."
  2. J.D. Power. "2023 U.S. Auto Insurance Study."
  3. AM Best. "AM Best Affirms Credit Ratings of The Progressive Corporation and Subsidiaries."
  4. III. "Senior driving safety and insurance tips."
Jacqueline DeMarco
Jacqueline DeMarco

During college, Jacqueline DeMarco interned at a retirement plan advisory firm and was tasked with creating a presentation on the importance of financial wellness. During her research into how money can affect our health, relationships and career, Jacqueline realized just how important financial education is. Jacqueline is a contributor for Insurify and has worked with more than a dozen financial brands, including LendingTree, Capital One, Credit Karma, Fundera, Chime, Bankrate, Student Loan Hero, ValuePenguin, SoFi, and Northwestern Mutual, providing thoughtful content to give readers insight into complex topics that they likely didn’t learn in school.

Courtney Mikulski
Edited byCourtney MikulskiSenior Editor, Auto
Courtney Mikulski
Courtney MikulskiSenior Editor, Auto
  • 3+ years producing insurance and personal finance content

  • Main architect of the Insurify Quality Score

Courtney’s deep personal finance knowledge extends beyond insurance to credit cards, consumer lending, and banking. She thrives on creating actionable content.

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Konstantin Halachev
Data reviewed byKonstantin HalachevVP of Engineering & Data Science
Headshot of Konstantin Halachev, VP of Engineering at Insurify
Konstantin HalachevVP of Engineering & Data Science
  • 7+ years experience in data analysis

  • Ph.D. in Computational Biology

Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.

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