Allstate vs Progressive: Difference and Comparison

Insurance is a basic thing that is adopted or taken by the majority of people. The procedure of applying for or selecting an insurance company can be quite confusing.

Allstate and Progressive are considered major players or companies that provide auto insurance. Both of these companies are American-based and established nearly in the 1930s.

Key Takeaways

  1. Allstate is known for its personalized agent support, while Progressive focuses on online tools and resources.
  2. Progressive offers lower rates and more discounts for drivers, while Allstate provides a broader range of insurance products.
  3. Both companies offer extensive coverage options and have strong financial ratings, making them reliable choices for insurance.

Allstate vs Progressive

Allstate is more costly compared to Progressive, also it has better customer service and fewer complaints compared to Progressive. Progressive offers cheaper premiums compared to Allstate. All state offers certain discounts like low mileage, safe vehicle, etc, which Progressive doesn’t.

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Allstate is a well-known company that initially offers various coverage options related to car insurance and also provides relevant discounts. According to the report, this company is the fourth-largest company with an above-average claims service rating.

It also covers some extras, including sound system coverage and travel expense coverage. It is available in nearly 50 states of the United States.

Progressive is also an American insurance company established in the year 1938 and available in nearly 50 states. It provides roadside assistance offer that includes winching services, towing services, on-scene labour, etc.

It also offers some additional discounts, which are executed through a loyalty rewards program.

Comparison Table

Parameters of ComparisonAllstateProgressive
What is it Allstate is a well-known American company that initially offer various coverage options related to car insurance and also provide relevant discounts. Progressive is also an American insurance company established in 1937 and available in nearly 50 states.
Additional DiscountIt provides additional discounts for newly retired seniors, utility and farm vehicles.Progressive provides additional discounts by offering loyalty reward programs.
Founded Year19311937
FounderIt was founded by Sears.It was founded by Joseph Lewis and Jack Green.
HeadquarterNorthfield Township, Illinois, United StatesMayfield, Ohio, United States
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What is Allstate?

Allstate is an American-based insurance company established in the year 1931. This auto insurance company secures the life of people from several uncertainties by providing numerous proprietary policies.

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It has several offerings to the users, and this has been implemented through various distribution channels and multiple brands.

Allstate is one of the major players in auto insurance, which is working in the United States and providing services to nearly 50 states. This company provides discounts as well that includes an airbag and safe driver.

It provides three categories of roadside services that consequently enhance its user experience. Allstate also offers annual roadside membership plans so that users can conveniently add roadside coverage to their policy plan.

auto insurance 2

What is Progressive?

Progressive is also an American-based company that provides auto insurance or car insurance to customers. Founded in the year 1937, this company is majorly working online and is considered one of the largest companies operating in the United States.

It also offers roadside assistance which includes winching services, locksmith services, on-scene labour, etc.

For the tremendous user experience, Progressive provides extra benefits and loyalty rewards programs like accidental forgiveness, priority call service, and many more.

This insurance company provides no-drop promise and pet injury. Usually, in most states in the United States, it is required to have collision and comprehensive coverage on the vehicle.

auto insurance 1

Main Differences Between Allstate and Progressive

  1. Auto or vehicle insurance is one of the common aspects which is claimed by most people. There are various companies that offered insurance services. Allstate and Progressive are two of them. Both of these companies are American-based. Allstate is a well-known American company that initially offers various coverage options related to car insurance and also provides relevant discounts. On the Contrary, Progressive is also an American insurance company established in the year 1938 and available in nearly 50 states. It provides roadside assistance offer that includes winching services, towing services, on-scene labour, etc.
  2. To provide an enormous user experience, several additional discounts are provided by the companies to the users or customers who avail their insurance services. Allstate and Progressive, both of these companies, have their policies and discount service. Allstate provides additional discounts for newly retired seniors, utility and farm vehicles. On the other side, Progressive provides additional discounts by offering loyalty reward programs.
  3. Allstate and Progressive are both auto insurance companies that are operated in nearly 50 states of the United States. These two companies are quite popular among the people and were founded in the 1930s. Allstate was founded in the year 1931, and on the contrary, Progressive was founded in the year 1937.
  4. Allstate and Progressive provide various services and additional discounts to customers for their retention. Founded in the 1930s, both of these companies offer relatively good policies to their customers. Allstate was founded and operated by Sears. On the other side, Progressive was founded by Joseph Lewis and Jack Green.
  5. Allstate and Progressive are American-based companies that are operated majorly in the United States. Although they are headquartered in different states. Allstate is headquartered in Northfield Township, Illinois, United States, while Progressive is headquartered in Mayfield, Ohio, United States.
References
  1. https://www.journals.uchicago.edu/doi/abs/10.1086/705119
  2. https://www.sciencedirect.com/science/article/pii/S004873331200145X
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Chara Yadav
Chara Yadav

Chara Yadav holds MBA in Finance. Her goal is to simplify finance-related topics. She has worked in finance for about 25 years. She has held multiple finance and banking classes for business schools and communities. Read more at her bio page.

10 Comments

  1. It is important to carefully compare and consider the differences in coverage options and discounts offered by Allstate and Progressive before deciding on the best one for our insurance needs.

  2. Understanding the main differences between Allstate and Progressive is crucial for making an informed choice of auto insurance. This comprehensive article offers valuable insights into both companies’ offerings.

  3. Allstate and Progressive are both reputable companies with a long history in the insurance industry. It’s crucial to weigh the additional discounts and benefits they offer to make an informed decision.

  4. Both Allstate and Progressive offer extensive coverage options, and comparing their additional discounts can help in determining the best insurance provider based on individual needs.

  5. The in-depth details about Allstate and Progressive’s offerings provide valuable knowledge for potential policyholders. Comparing their discounts and services is essential for choosing the right insurance coverage.

  6. The detailed information about Allstate and Progressive’s coverage options, discounts, and additional benefits is essential for making an informed choice of insurance company.

  7. The distinct features of Allstate and Progressive, such as roadside assistance and loyalty reward programs, contribute to their reliability as insurance choices. It’s important to consider these aspects when making a decision.

  8. The comparison table provided is very helpful in understanding the key differences between Allstate and Progressive. It provides valuable insights into their founding, headquarters, and additional discounts.

  9. Learning about the differences between Allstate and Progressive helps in understanding the unique benefits each company offers. This information is vital for selecting the most suitable insurance provider.

  10. The coverage options, founding history, and additional discounts of Allstate and Progressive are informative factors to consider when deciding which insurance company aligns best with individual preferences.

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