How should I adjust my auto coverage to save money with Progressive?

I have had Progressive insurance for nine years and never had a claim or service issue. I have had a change in circumstances and need to cut costs. Should I reduce my coverage or increase my deductibles to save money on my two cars?

Answer provided by
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Shannon Martin
Answered on Apr 26, 2021
Shannon is an expert in personal lines liability insurance with 13 + years of insurance industry experience. She also served as a special insurance liaison to AARP members for 6 of those years. She is a graduate of UL Lafayette and currently resides in NY with her family. Shannon is also an amateur juggler, ukulele player, and is a time travel paradox theory enthusiast.
“While reducing your insurance coverage may save you some money, be aware that you would be increasing your risk in order to pay less.
If one or both vehicles are paid off and have depreciated in value, you could consider removing the more expensive collision coverage and reducing the comprehensive coverage deductible. This would probably deliver the greatest savings, albeit not without risk.
Although you have had your Progressive insurance policy for a long time and are satisfied with it, it still makes sense to shop around for coverage, especially considering your recent change in circumstances. You may find that you can get equal or greater coverage with significant savings.
If you’d rather leave the hard work of gathering quotes to someone else, use Jerry. This free app can collect quotes from up to 45 top insurance companies in seconds! “
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