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No, Progressive is not the same as Allstate. Progressive is not affiliated with Allstate in any way, though the two companies are both property and casualty insurers that offer similar services and coverage options to consumers.
Progressive vs. Allstate
Company | Progressive | Allstate |
Headquarters | Mayfield Village, OH | Northbrook, IL |
Year Founded | 1937 | 1931 |
States Available | Every U.S. state | Every U.S. state |
| Owner | Public company owned by investors | Public company owned by investors |
Allstate has many affiliated insurance companies that sell Allstate insurance products, such as Esurance and National General, but Progressive is not one of them.
Allstate Underwriting Companies
To learn more, check out WalletHub's complete reviews of Progressive and Allstate.
This answer was first published on 06/15/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
People also ask
Progressive is owned by its shareholders, as it is a publicly-traded company. The biggest shareholders are The Vanguard Group, BlackRock Fund Advisors, and Wellington Management, which have a combined ownership stake of almost 20%, according to public records, as of Q1 2021.
Progressive was founded in 1937 by Joseph Lewis and Jack Green. In 1965, Peter B. Lewis, the son of Joseph Lewis, took over the company. Progressive then went public in 1971. For...
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Progressive car insurance costs an average of $1,033 per year ($86 per month) for a minimum-coverage policy, which is less than the national average of $720 per year. The exact cost of auto insurance with Progressive depends on factors such as a driver's history on the road, age, state, and coverage limits. For example, full coverage insurance from Progressive costs an average of $4,041 per year.
Average Cost of Progressive Car Insurance by Category
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Progressive is a property and casualty insurance company that operates in all 50 states, offering insurance coverage for vehicles, homes, businesses, and more. Progressive is best known for its car insurance, and it offers all the major types of coverage, including liability, comprehensive, and collision insurance.
Types of Insurance Offered by Progressive
- Car insurance
- ATV/UTV, Boat, Classic Car, Golf Cart, Mechanical Breakdown, Mexico Auto, Motorcycle, PWC, RV/Trailer, Segway, and Snowmobile
- Homeowners, Condo, Flood, Home Warranty, Home Security, Mobile Home, and Renters
- Commercial insurance
- Life insurance
- Health and Dental insurance
- Umbrella insurance
- Pet insurance
- Travel insurance
- Identity theft insurance
- Rideshare insurance
To learn more, check out WalletHub's review of Progressive.
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FAQs
When comparing Allstate vs. Progressive, we rate Progressive higher in several review categories and have found that it's a cheaper option for most drivers. Progressive has comprehensive coverage offerings and mostly positive customer reviews, although Allstate scores better during the claims process.
Are Allstate and Progressive the same company? ›
No, Progressive is not the same as Allstate. Progressive is not affiliated with Allstate in any way, though the two companies are both property and casualty insurers that offer similar services and coverage options to consumers.
What company owns Progressive? ›
Progressive is owned by its shareholders, as it is a publicly-traded company. The biggest shareholders are The Vanguard Group, BlackRock Fund Advisors, and Wellington Management, which have a combined ownership stake of almost 20%, according to public records, as of Q1 2021.
What is the other name for Progressive Insurance? ›
| Progressive Southeastern Insurance Company | Indiana |
| Progressive West Insurance Company | Ohio |
| Garden Sun Insurance Services, Inc. | Hawaii |
| Pacific Motor Club | California |
| Progny Agency, Inc. | New York |
28 more rowsComparing Allstate vs. Geico, we found that Geico offers cheaper auto insurance on average. We gave Geico 9.1 out of 10.0 points in the cost category in our industry-wide insurance review, while Allstate earned 7.4 points. But Geico doesn't just offer lower rates than Allstate.
Who bought out Allstate Insurance? ›
Allstate Corporation has closed the sale of its life and annuity business – Allstate Life Insurance Company (ALIC) – as well as certain other subsidiaries to entities operated by investment management company Blackstone.
Who did Progressive Insurance merge with? ›
Progressive Completes Acquisition of Protective Insurance | Progressive.
Are Geico and Progressive the same company? ›
Geico is not owned by Progressive, instead it's owned by Berkshire Hathaway. The Progressive Corporation, on the other hand, is an independent company. Progressive is the second-largest auto insurance company in the U.S., according to the NAIC.
Who is the largest auto insurance company? ›
For auto policies, State Farm is the largest insurance company in the U.S., with the biggest market share (16.9 percent) and over $46.6 million in direct premiums written in 2022.
Who is the major stockholder in Progressive Insurance? ›
Top Institutional Holders
| Holder | Shares | Date Reported |
|---|
| Vanguard Group Inc | 51.75M | Mar 31, 2024 |
| Blackrock Inc. | 48.26M | Mar 31, 2024 |
| State Street Corporation | 24.41M | Mar 31, 2024 |
| JP Morgan Chase & Company | 21.38M | Mar 31, 2024 |
6 more rowsTop 7 Competitors & Alternatives to progressive.com
The closest competitor to progressive.com are allstate.com, geico.com and nationwide.com. To understand more about progressive.com and its competitors, sign up for a free account to explore Semrush's Traffic Analytics and Market Explorer tools.
Where does Progressive rank in insurance? ›
We ranked State Farm second overall in our 2023 study of the best car insurance companies, while Progressive came in ninth. We at the MarketWatch Guides Team examined each company's industry reputation, average rates, coverage options and customer service ratings to see how they compare.
What is Progressive Insurance best known for? ›
Though best known for driving innovation in the personal auto market, Progressive also writes commercial auto and a number of other personal lines risks, including homeowners' insurance. The firm sells insurance directly to the consumer or via independent agents.
Is Allstate the same as Progressive? ›
When comparing Allstate vs. Progressive, we rate Progressive higher in several review categories and have found that it's a cheaper option for most drivers. Progressive has comprehensive coverage offerings and mostly positive customer reviews, although Allstate scores better during the claims process.
Who is Allstate biggest competitor? ›
State Farm is the largest auto insurance company in the U.S., with 18% of the market. Other big car insurance companies include Progressive, Geico and Allstate.
Is Allstate the most expensive insurance? ›
Allstate's overall insurance pricing is 22.72% more expensive than the national average and major competitors. The company ranks in the middle of the pack for cost at a position of 64th out of the 130 providers we reviewed.
What did Allstate change their name to? ›
The sale became final on November 1, 2021. The Allstate Assurance Company name was changed to Everlake Assurance Company and the Allstate Life Insurance Company name was changed to Everlake Life Insurance Company, respectively. Q2: What does the sale mean to me?
Is Allstate or Progressive better to work for? ›
Allstate Insurance is most highly rated for Work/life balance and Progressive is most highly rated for Compensation and benefits. Learn more, read reviews and see open jobs.
