“We want to be there for our customers every step of their journey. From their first car to the moment they buy their first home and beyond. That’s why we offer a robust suite of coverages,” says Dan Witalec, Customer Acquisition Leader at Progressive Insurance.
However, the company differs from many other providers as it does not underwrite its own home or renters insurance policies. Instead, it connects you with third-party insurers.
Here’s an in-depth review detailing what to expect. You’ll find out what coverage is available, how to get a quote, and the pros and cons.
What does Progressive home and renters insurance cover?
Below are the basic coverage types available through Progressive’s home and renters insurance. Once you purchase a policy, a third-party insurer will be solely responsible for the claims. For this reason, the claim process and customer service can vary by insurance provider. Progressive lists all of their partner insurers on its website.
Progressive home advantage homeowners insurance coverage
Progressive’s nationwide homeowner’s insurance coverage includes the following coverage types.
Dwelling and other structures
Dwelling coverage will cover the costs to repair damage to your house. Other structure coverage covers damage to any stand-alone structures on your property, such as a shed or garage. Note that the company offers separate policies if you own a condo or a mobile home.
You have the option to choose from three policies which have varying levels of coverage:
- First you have homeowners one, which covers 11 perils (perils are causes of damage such as fire, wind, tornadoes, falling trees, etc.)
- Then there is homeowners two, which covers 18 perils (including those in policy one)
- Finally, you have homeowners three, which covers you against most known perils (including all those in policy one and two)
The more perils you want coverage for, the more your policy will cost. Damages resulting from earthquakes, floods, nuclear accidents, or war require an additional hazard insurance policy.
Loss of use
If your home incurs damages and you have to find temporary housing, policies will cover those costs. Insurers will also reimburse you for the amount you have to spend beyond your normal budget on meals out.
Most policies also cover the belongings inside your house in the event of theft, damage, or destruction. Some examples include furniture, electronics, tools, jewelry (to an extent), and more. The coverage will even cover your belongings if something happens to them while outside of your home. Note that there are limits, so expensive items will require additional coverage.
Liability and medical payments
If someone sues you for personal injury or property damage, this coverage will reimburse you for the legal fees, medical bills, and damages. Additional coverage is available for other types of lawsuits (i.e., slander or libel).
Sometimes standard coverage isn’t enough. Here are the other add-on coverage options Progressive’s partners offer:
- Guard on inflation: If your home’s replacement cost increases due to inflation, this coverage ensures that insurance limits cover at least 80% of the cost.
- Guarantee your replacement cost: This protects you against inflation. However, this will guarantee coverage for the full replacement cost of your home. Coverage may need adjusting monthly, quarterly, or yearly.
- Personal article floater: This policy covers specific items, typically high-end, which the personal property coverage doesn’t fully cover.
- Secondary residence coverage: If you have a secondary home, like a beach house, you will need to add this on to extend your policy to cover it in addition to your primary home.
- Flood insurance: Protects against damages that occur as the result of a flood.
- Credit card and identity theft protection: This will reimburse you for the unauthorized use of your credit cards or checks.
- Money and securities protection: Coverage is available for deeds, money, bank securities, and more.
Next, let’s look at renters insurance.
Progressive Home Advantage renters insurance coverage
Progressive’s nationwide renters insurance typically includes the liability, medical payments, personal property, and loss of use coverage explained above. The dwelling and other structures are the responsibility of the landlord.
Get a quote with Progressive
When it comes to getting a policy with Progressive, the company has put a focus on streamlining the process through automation using a comparative rating system.
Witalec explains, “Progressive was the first to introduce the comparative rating experience to the auto insurance industry in 1996, and now we are bringing the same experience for customers looking for home insurance. Leveraging years of data and expertise, Progressive provides a simple and comprehensive home insurance purchasing experience available to customers across multiple platforms.”
The first step in the process is to get a quote. Here’s how to do so.
1.) Visit the Progressive homesite and navigate to the page for homeowners insurance. Enter your zip code and click “Get a Quote.”
2.) Enter your address.
3.) Answer a few basic questions.
4.) Provide information about your home.
5.) Answer a couple questions about your home’s structure.
6.) Give details about your home’s exterior.
7.) Answer questions about your home’s interior.
8.) Describe the utility and safety features of your home.
9.) Answer a few more questions about yourself and any other owners.
10.) Wait for results.
Then, you will receive your quote.
1.) Visit the Progressive homesite and navigate to the page for Renters insurance. Enter your zip code and click “Get Quote.”
2.) Enter your personal information.
3.) Provide the address of the place you will live.
4.) Provide some additional information.
5.) Read and agree to this disclosure. Click “Next.”
Renters insurance quotes from Progressive are as easy as that. Still not sure if you want to apply? Here are the pros and cons.
Progressive review and summary
The fact that Progressive doesn’t underwrite its own policies means that claims will be handled by a third party. As a result, the experience can vary from customer to customer.
However, when looking at the quote process and pricing, Progressive is attractive. You can easily provide your information online and receive a quote within minutes. And if you have an auto insurance policy with Progressive, you can get a 5% discount by bundling it with property insurance.
When it comes to the coverage, Progressive’s standard renters and home insurance coverages include all the basics. The add-ons are great, too. It advertises policies that guard against inflation, which not all insurers provide.
Beyond that, there’s personal article floaters, credit card and identity theft protection, and money and securities protection. All of this adds up to a comprehensive solution.