Progressive vs. State Farm: Auto and home insurance bundling

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State Farm and Progressive are both big insurance companies offering solid auto and home insurance bundle options.

State Farm provides, on average, cheaper bundled auto and home insurance and offers a much higher multi-policy discount than Progressive. However, Progressive has a superior financial stability rating and offers more affordable homeowners insurance.

State Farm is the largest insurer in the U.S., and Progressive is not far behind. However, State Farm’s high customer and claims satisfaction rankings set it apart.

Here we’ll compare State Farm and Progressive’s ratings and auto and home insurance bundling rates to help you make the best choice.

Key Takeaways

State Farm’s auto and home insurance bundled rates are cheaper than Progressive’s on average.
State Farm has higher customer service and claims satisfaction ratings based on our customer survey.
Both Progressive and State Farm are financially stable companies able to pay claims.

Insure.com compares Progressive vs. State Farm for auto and home bundling

Progressive is one of the top insurers in the U.S., but doesn’t offer coverage in Alaska, Hawaii, and D.C. While it has lower home insurance rates than State Farm, auto rates are higher. Progressive also has a higher-than-average number of customer complaints with the National Association of Insurance Commissioners (NAIC).

State Farm is the country’s largest auto and home insurer, offering coverage in every state and D.C., although it isn’t currently writing new home insurance in California. It has the cheapest auto rates and bundled home and auto coverage. Additionally, State Farm has very high customer satisfaction ratings.

Insure.com rating comparison for Progressive vs. State Farm

State Farm earned a 4.32 overall rating on our 2024 Best Home Insurance Companies survey, while Progressive earned a 3.43. Progressive’s lower rating is partly due to a high number of customer complaints. State Farm coverage is available in 50 states compared to 48 states for Progressive.

Comparison Metrics	Progressive	State Farm
Insure.com overall rating	3.43	4.32
Best for	Home insurance in California	Large auto-home bundling discount
Customer satisfaction rating	4.14	4.22
NAIC rating	8.45	0.95
AM Best rating	A+	A++
State availability*	48 states	50 states** plus D.C.

*States where both auto and home are available.

**State Farm is not currently writing new home insurance policies in California; however, current home insurance customers can still bundle with auto.

Progressive vs. State Farm: Pros and cons

The table below shows some of the pros and cons of Progressive and State Farm insurance. For example, Progressive has cheaper homeowners insurance rates on average but a high complaint rating with the NAIC.

On the other hand, State Farm provides cheaper bundled insurance rates but has more expensive homeowners insurance rates on average.

Progressive	State Farm
Pros:	Pros:
Cheaper average home insurance rates	Cheaper bundled auto and home insurance rates
Superior financial ratings	Higher multi-policy savings
Cons:	Cons:
High NAIC complaint rating	Higher average homeowners insurance rates
Lower customer satisfaction ratings	Not writing new home insurance in California

Progressive vs. State Farm: Which has the most affordable rates?

Progressive offers cheaper home insurance rates. However, State Farm provides cheaper auto and bundled auto and home insurance rates—the savings with State Farm when bundling coverage is more than double the savings with Progressive.

It’s important to note that these are averages, and rates vary by location and based on personal factors. Either company may be cheaper for you.

“When comparing insurance rates, it is most important to understand what isn’t covered, what categories have limitations, and if certain types of claims have separate deductibles,” says Zack Pope of David Pope Insurance.

“Examples of something not covered would be flood on a home policy or delivery driving on a personal auto policy (unless listed as acceptable),” he says.

Company	Avg annual auto premium	Avg annual home premium	Total without bundle	Total with bundle	% discount	$ savings
Progressive	$2,586	$2,060	$4,645	$4,245	9%	$401
State Farm	$1,667	$2,124	$3,791	$2,853	24%	$938

Progressive vs. State Farm: Customer satisfaction

Eighty-five percent of State Farm customers are satisfied with their service, while 75% of Progressive customers are satisfied, according to our survey of insurance customers.

Company	Percentage of customers who are satisfied
Progressive	75%
State Farm	85%

Progressive vs. State Farm: Claims handling

State Farm also came out ahead regarding claims handling. Eighty-two percent of State Farm customers are satisfied with how their claims were handled, compared to 74% of Progressive customers.

Company	Percentage of customers who are satisfied
Progressive	74%
State Farm	82%

The bottom line: State Farm vs. Progressive auto and home bundling

State Farm and Progressive are both top insurance companies with solid reputations. State Farm’s auto and bundled home and auto rates are cheaper than Progressive’s, and it has higher customer and complaint ratings.

Progressive’s home insurance rates are cheaper than State Farm’s, but its savings on bundled home and auto rates are less than half of State Farm’s. Progressive also only offers insurance coverage in 48 states and has a higher complaint ratio from the NAIC.

Before you decide which company to bundle your home and auto insurance with, it’s important to compare quotes for your needs; rates vary based on location and several personal factors.