Progressive Home Insurance - 2023 ReviewUpdated June 16, 2023 Insurance
Progressive Insurance has been a part of the industry since 1937. In addition to its well-known Progressive auto insurance, the company also offers insurance for businesses, properties, and other reasons, such as wedding coverage and health insurance. Today, Progressive Insurance holds over 14% of the auto insurance market share, making it the largest auto insurance company in the United States.
Progressive home insurance has also made a name for itself in the home insurance market as one of the largest homeowners insurance companies in the country. Ambition and drive propel the company as forward-thinking and innovative as it consistently seeks new ways to bring affordable home insurance to the masses while providing reliable and trustworthy homeowners insurance coverage.
Progressive Home Insurance Overview
Progressive certainly has a lot to offer homeowners across the United States. Its customer service is responsive and easy to get a hold of and it has a simplified website that’s easy for virtually anyone of any internet-browsing level to make their way around. It’s also available in most states, with the exception of Alaska and Hawaii.
There’s an important difference between this insurance company and other competitors, though, which is that Progressive home insurance contracts with third-party insurance providers rather than offering policies directly to customers. In other words, when you contact Progressive, the company will match you with another insurance provider that best fits your needs. Therefore, you’re not technically getting coverage from Progressive.
This can be both a benefit and a drawback. You may end up getting an excellent deal on insurance this way, and Progressive usually lets you choose your insurer if there are a few that match your needs. However, coverage varies by actual insurer, so you’ll need to be careful about comparing your offers to ensure that you get the coverage you want.
Types of Coverage Available
Progressive home insurance is one of the best homeowners insurance companies for the types of insurance and customizable policies it offers through its multiple partners. As a partnered insurance agency, you can expect to access standard insurance options, like dwelling coverage, personal property insurance, and personal liability coverage, in addition to other coverage options.
Covered Perils with Progressive Home Insurance
When getting a quote for Progressive home insurance, you’ll notice that your quote describes covered perils. It’s important to know what this means, as it directly relates to whether your insurance will kick in when an unexpected event occurs.
For homeowners insurance, a covered peril is something that damages your home or parts of your home, allowing you to use your Progressive home policies to pay for repairs or replacements. Several events are covered perils under Progressive home insurance and its partners, including theft, vandalism, fire, falling tree damage, smoke, ice damage, power surges, and weather events, like tornadoes or windstorms.
If your home experiences a covered peril that results in a covered loss, like roof damage or damaged personal items, then you can use your Progressive home insurance policy to cover some or all of the repairs up to your policy’s limits.
Dwelling coverage is a standard insurance policy coverage for homeowners that kicks in when a home is damaged by a covered peril. For example, if a severe windstorm tears siding off your home, dwelling coverage can help replace that siding because the windstorm is a covered peril.
Progressive dwelling coverage also covers parts of your home that may not be lived-in spaces but are still attached to your home, like an attached garage and a screened-in porch. Parts of your home damaged by theft or vandalism can also be covered by dwelling insurance.
The amount of dwelling coverage you have depends on the size of your home, comparable home values in the area, and estimated costs to replace your home. Although a standard amount is given based on these calculations, you may be able to increase your dwelling coverage.
To cover your personal possessions, like your clothing, book collection, and electronic systems, you’ll need personal property coverage. This home insurance begins to cover your items when a covered peril occurs, like a fire that damages your kitchen.
This coverage is usually about 50% of your dwelling coverage, but it can be increased if you believe your personal belongings are worth more than the standard personal property coverage on your policy.
Although you expect your home to be a safe place for all who visit, unexpected events can happen, like slipping on stairs without a railing or getting bit by a family pet. Personal liability insurance helps you pay for injuries or losses to others if they become injured on your property and the person sues you for medical bills and other losses due to the injury, like time away from work.
This coverage comes standard with Progressive home insurance policies. However, if you have a home business, you’ll likely need separate coverage for any business-related injuries or losses.
Medical payments coverage often goes hand-in-hand with personal liability insurance. This coverage can help you pay for medical bills related to injuries that occur in your home and may not be included in personal liability insurance.
For example, if a friend’s child sprains their ankle when playing on playground equipment at your home, you may use this coverage to help the family pay their medical bills related to the incident.
Loss of Use
Loss of use coverage is a standard coverage that allows homeowners to receive payments for living expenses if they and their families have to be out of the home due to damages or repairs. For instance, if you have to spend one month in a hotel while your home gets repaired after a windstorm, you may receive payment from Progressive for the hotel stay, meals, and other covered expenses, up to your plan’s limits.
Other potential expenses that could be covered include pet boarding, moving costs, and additional utilities you pay for your rental place.
While dwelling coverage protects your home and attached structures, you’ll need other structures insurance to protect any parts of your home that aren’t attached to the primary dwelling area. This may include a shed or barn on your property, a detached garage, or fencing that goes around your backyard.
This is typically included in your Progressive home insurance policy for 10% of your dwelling coverage, although you may be able to adjust the coverage amount if needed.
Optional Coverages from Progressive Home Insurance
Progressive’s partnered home insurance companies offer several types of additional coverage that are optional for homeowners to include in their policies. These can provide extra protection for perils or items not included in a standard policy.
For instance, flood insurance is helpful for homes in areas of occasional flooding, as it protects the home against water damage caused by floods. Some home insurance companies require flood insurance for homes in flood zones. Earthquake insurance is also recommended or required in certain regions.
Progressive can also extend personal injury insurance to homeowners, which covers expenses for legal situations, such as libel or false arrest. Water backup and sump pump overflow coverage may be available for some policies, too.
Types of Homeowners Policies
Because homeowners and their homes have varying needs, Progressive home policies are not a one-size-fits-all solution for every homeowner. Instead, a homeowner’s policy for one homeowner may be a different type than the homeowner's policy for another homeowner.
Here’s a brief explanation of each type of homeowner’s policy:
- HO-1: This basic coverage may not be available in your state, as it sometimes offers less coverage than a state’s homeowners insurance policy regulations require as a minimum. Although an HO-1 policy is often cheaper than others, it usually only covers the actual cash value of a home rather than its replacement cost.
- HO-2: These policies are a step up from HO-1, as they cover more perils. However, they still only offer actual cash value replacement of home damages.
- HO-3: Most homeowners have HO-3 policies, which provide replacement coverage for homes at the homeowner’s request. It also offers broader coverage, with personal liability coverage often included.
- HO-4: HO-4 policies are for people renting a home rather than buying it, but it still falls within the umbrella of homeowner’s insurance policies. This coverage protects renters if their home is subject to damages that cause them to lose their belongings or find temporary housing.
- HO-5: Homeowners wanting advanced coverage for their homes may get an HO-5 policy, also known as a comprehensive form policy. Replacement cost becomes standard in these policies.
- HO-6: This policy is specific to condo owners, providing coverage for anything outside of a Homeowners Association’s insurance on the condo, like loss of use or personal property coverage.
- HO-7: HO-7 policies are only for mobile homes, which aren’t covered under typical homeowner’s insurance policies for single-family homes.
- HO-8: Progressive’s partnered home insurance companies can offer HO-8 insurance to homes that don’t fit the requirements for other types of policies. Older properties or those that haven’t been updated recently may fall into this category.
Pricing and Costs
As with any homeowners insurance company, Progressive’s home insurance rates can vary significantly with each quote. Location, home size, the year the home was built, and home upgrades can all factor into the cost of homeowner’s insurance. Additionally, the coverage limits, deductible, and optional coverages you choose for your Progressive home insurance policy can also affect your premium.
However, it can be helpful to know some general costs to expect, especially if you’re a new homeowner who isn’t experienced in working with home insurance yet.
Let’s look at a few average costs that Progressive customers pay in different states. As you can see, costs can vary significantly:
- Alabama: Alabama tends to have higher-than-average home insurance costs, with an average of about $1,677 annually.
- California: California’s mid-range costs yield an average of $1,213 a year.
- Georgia: Georgia’s homeowner’s insurance costs are similar to Alabama’s at $1,677 yearly.
- Kentucky: Kentucky has low homeowner’s insurance premiums, on average, at about $926 a year.
- South Carolina: Like California, you can expect to pay around $1,213 each year for homeowner’s insurance in South Carolina.
- Wisconsin: Wisconsin’s average homeowner’s premiums are on the low side, like Kentucky’s, at about $926 annually.
Based on this information, homeowners can expect to pay $77 to $140 per month in homeowner’s insurance, depending on where they live. However, this range accounts for standard coverage without extras that can increase the cost of your policy, like covering other structures or adding flood insurance.
The best way to make sure you’re getting the coverage you want within a budget that works for you is to work with one of Progressive’s independent agents. They can walk you through the process and find a partnered company with insurance products that fit your situation. Your Progressive insurance agent will take care of contacting companies on your behalf to find the right solution.
Home Insurance Deductibles
You can also decrease the cost of your homeowner’s policy by adjusting your deductible. An insurance deductible is an amount you pay for covered services before Progressive will begin to pay.
For example, if you need part of your roof repaired after a storm, you’ll first pay your deductible. Then, Progressive pays the rest. If your deductible is set to $500, you’ll only pay $500, and Progressive covers the remaining balance up to your coverage limits. With a $2,000 deductible, you’ll be responsible for paying $2,000.
The higher you put your deductible, the lower your premiums can be. However, it’s important to remember that you’re responsible for paying this full amount before the insurance company does, so it should be an amount you feel comfortable paying if you had to.
Some coverages, like loss of use and personal liability, don’t usually have deductibles, so you can’t adjust these. However, you can adjust the deductible on standard coverages like dwelling and personal property insurance.
Homeowners with home and auto policies through Progressive’s partner, American Strategic Insurance, can benefit from the single deductible discount, which allows you to pay just one deductible if both your home and vehicle are damaged from the same covered event, like vandalism.
Progressive Home Insurance Discounts
Although a Progressive home insurance policy technically comes from one of the company’s partnered insurance providers, Progressive still offers several discounts to reduce the cost of your policy. Here are a few discounts homeowners may be eligible for:
Bundled Policy Discount
Bundling your home insurance and other types of insurance products with Progressive can save about 5% of your costs, on average.
Sign up for Progressive documents and other communications to be emailed to you rather than mailed, and you’ll get a discount for going paperless.
Pay in Full Discount
Progressive insurance policies run on a 12-month schedule, and homeowners typically pay their homeowner’s insurance premiums monthly through their lender’s escrow account. However, if you set up payments to pay in full each year, you could receive a discount on your policy.
New Home Construction Discount
Newer homes typically have fewer problems to worry about, so you can receive a discount for your newly constructed home.
Safety and Secure Discount
Progressive awards homeowners who take precautions to keep their homes safe and secure with fire alarms, security systems, and other installed safety devices by offering a discount on their policy.
Advance Quote Discount
Get a quote from Progressive at least ten days before your current homeowner’s policy expires, and you can get a discount on your renewal.
The insurance companies in Progressive’s network may also offer additional discounts to help you save money every year.
How To Get a Quote
The quickest way to get a Progressive home insurance quote is by using the online quote tool. Answer a few questions about your home, property, and yourself, and the tool can provide a custom quote. Then, you can speak with a Progressive insurance agent if you’d like to move ahead with your quote or make any adjustments before deciding.
Or, call 1-855-347-3939 to speak with an insurance agent from the start. This is sometimes the better way to go if you are a first-time homeowner, have a unique property, or have a lot of questions about Progressive’s home insurance policies that an experienced agent can handle. If you have independent agents in your area that work with Progressive, they can also help you with a quote.
Home Quote Explorer
Home Quote Explorer is Progressive’s unique offering that helps homeowners compare multiple quotes quickly and easily. The tool is similar to the online quote tool in that it provides quotes based on the information you feed to it without needing to contact the company by phone. However, you’ll get comparisons from several partnered companies to help you determine the best option for your home.
To make your quotes as accurate as possible, Home Quote Explorer uses public data and photos of your home to determine its materials, upgrades, and more. If public data is not correct – for example, you replaced your roof and siding within the last year, and public data hasn’t updated your home’s information with the newest materials – you might get a more accurate quote by contacting a Progressive agent by phone.
How to File a Claim
Progressive Insurance has a Claims section on its website, making it easy for customers to file a variety of claims. Alternatively, customers can log into their Progressive accounts and navigate directly to the Claims section of their online account to begin the filing process. Your online account also updates throughout the claims process, so you can check back at any time to view a claim’s status.
The Progressive system will walk you through the process to file a claim online. However, complicated claims or ones you might have questions about can also be handled directly by an insurance agent. You can find the number to file a claim on Progressive’s website.
Progressive Mobile App
The Progressive mobile app is available for some Progressive customers, including most auto and motorcycle insurance policyholders, to help them manage their accounts on the go. Unfortunately, traditional homeowner’s and renter's insurance policies are not included on the app, with the exception of mobile home insurance.
Is Progressive Homeowners Insurance Right for Me?
Homeowners have plenty of expenses to worry about, and homeowner’s insurance is one of the most important. The right home insurance plan can safeguard a home and personal belongings when an unexpected event occurs, so purchasing a reliable policy should be a homeowner’s top priority.
Progressive homeowner’s insurance goes through partnered companies, like American Strategic Insurance or Nationwide, rather than the company providing insurance directly to homeowners. This may be a problem for some homeowners, especially if they don’t already have a Progressive policy. While Progressive offers discounts for bundling policies through the company, homeowners with only home insurance through a Progressive partner are not eligible for such a discount.
On the other hand, having numerous companies to choose from while Progressive guides you toward your best option could help you save time searching for the right fit. It may also help you find the most budget-friendly solutions to protect your home.
We encourage homeowners to get a quote from Progressive and compare quotes with other home insurance companies before deciding. Quotes from most home insurance companies are free, quick, and easy. Be sure to use the same or similar coverage options offered by each company when quoting for accurate comparisons.