When it comes to buying car insurance online, there are two main players: GEICO and Progressive. You’ve seen the cute gecko commercials and Progressive’s insurance super market commercials. Which online car insurance company should you insure your vehicles with?  That depends.

Both GEICO and Progressive are solid financially, with GEICO having the backing of Berkshire Hathaway and the Oracle of Omaha, Warren Buffet. Both companies provide easy online quote forms, and a plethora of insurance options that can be customized to your needs.

Both companies also have extensive experience servicing policyholders no matter where you live. Progressive does sell through the independent agent channel, so if you prefer to have an agent to call when the need arises, then Progressive may win your business for that reason. Read the rest of this entry

Progressive Insurance Company has a new car insurance program called MyRate which allows drivers to opt-in to save money on their Progressive auto insurance bill.

When you sign up with MyRate, you receive a wireless transmitter which plugs into the diagnostic port of your car. The little device constantly transmits your driving habits and mileage to Progressive, and if you are in fact deemed a safe driver, then you may see savings of up to 60% off your car insurance. Read the rest of this entry