Progressive has been an innovative insurance business since its start in 1937. The company operated the first drive-in claims office, was first to propose reduced rates for low-risk drivers and took a revolutionary stance when deciding to offer online comparison rates to potential customers. Today, Progressive offers a wide-variety of insurances including home, renters, auto, life, health, business, travel and pet. The company has over $33 billion in assets and corporate headquarters located in Mayfield Village, Ohio.
Progressive has received high ratings from institutions that measure financial strength. The insurance company has been granted an A+ from A.M. Best, an Aa2 from Moody’s, an AA from Standard and Poor’s, and an A from the BBB.
Progressive renters insurance was designed to minimize the troubles associated with theft, damage and personal liability. Policies can include coverage for the following categories:
- Your belongings including clothes, furniture and electronics.
- Your guests if there’s a mishap at your home. You'll pay a portion of the medical bills or property damage and the insurance policy will subsequently cover the rest (up to your policy’s limits).
- Your hotel expenses if you need a place to stay while home repairs are being made.
Progressive offers affordable plans and has agent locations sprinkled throughout the country. The company really sets itself apart by offering online comparison rates so customers know exactly how the Progressive’s products compare with services offered by competitors. Such transparency has helped Progressive build a reputation for being straightforward and trustworthy.