Progressive Insurance provides home, auto and life insurance coverage to millions of Americans. But should you be one of them? That’s the question this guide is built to help you answer. From info about Progressive’s rates to common complaints, this is the ultimate resource for deciding whether Progressive is right for you!
What Is Progressive Insurance?
Progressive Mutual Insurance Company – established in 1937 by Joseph Lewis and Jack Green – started as an opportunity to give vehicle owners “security and protection” and has since helped revolutionize the insurance industry. Over the last several decades, Progressive has grown to become one of the largest insurers in the nation.
In fact, Progressive was the first to introduce drive-in claims service and paying insurance premiums in installments, which aimed to make auto insurance easy and accessible for all customers. Since its founding, the company has expanded to encompass many insurance offerings.
Below, we’ll cover info about each of Progressive’s insurance services in more detail!
Progressive Home Insurance
Types of Progressive Home Insurance
Progressive offers multiple types of insurance products, such as:
- Home Insurance
- Apartment and Condo Insurance
- Renters Insurance
- Mobile Home Insurance
What Are Progressive’s Best Home Insurance Products And Services?
While customers ranked Progressive’s customer service satisfaction lower than some other major providers, its policy offerings get above-average ratings from J.D. Power. According to reviews of its services, Progressive’s best home insurance offerings include:
- Personal Property Coverage
- Scheduled Personal Property Endorsement (add-on)
- Flood Insurance (add-on)
What Does Progressive Homeowners and Renters Insurance Cover?
When it comes to protecting your home, Progressive offers a wide range of insurance solutions for every type of homeowner. Regardless of the claim size, protection from a major insurance provider can give you peace of mind in the event of an accident or disaster. Having home insurance services from Progressive can protect your personal belongings (even if they aren’t stored in your home) from damage or theft, and coverage with Progressive even covers hotel expenses and legal fees should you need them.
Progressive offers property coverage to protect condos and helps you maintain upgrades and cover repairs, including floors, walls, and fixtures. Progressive also offers liability protection that covers significant expenses like damages or a lawsuit.
For the millions of Americans who currently rent their home, renters insurance from Progressive can help cover the items you own, like electronics and jewelry, which can be costly to purchase and even more expensive to replace if your insurance provider is reimbursing you with the depreciated value when they’re lost or damaged.
With Progressive’s renters insurance, your valuables will be replaced for the price they cost when newly purchased, so you don’t need to worry about downgrading your computer or TV or covering the difference yourself. Also, if an accident should happen while renting, you and anyone who is in your apartment or home at that time will be covered by your policy.
As with any other form of a deductible, you pay a portion of the repair or medical bills, and Progressive covers the rest.
What Does Progressive’s Homeowners or Renters Insurance Cost?
Use our free quote tool to get an idea of what Progressive’s home insurance could cost you. Keep in mind, Progressive also has bundled offers, so you may end up paying even less. Here are a couple of examples of what you might expect to pay for homeowners and renters insurance from Progressive.
- Someone in Salem, Oregon, renting an apartment for just over $1,000 a month might pay $195 a year in renters insurance.
- Someone in Boise, Idaho, renting a townhouse for $1,450 a month might pay $255 a year for renters insurance.
- Someone in Sacramento, California, who owns a single-family home worth between $600,000 and $700,000 might pay $834 a year based on our estimates.
- Someone in Nashville, Tennessee, renting a studio apartment for just over $1,300 a month might pay $218 a year for his or her renters insurance through Progressive.
How Do Customers Rate Progressive Homeowners and Renters Insurance?
Progressive has quality reviews from ConsumerReports.com with an average of four out of five stars and 10 total reviews.