Progressive home insurance is a popular choice for homeowners looking to bundle their policies and save on premiums. With nearly 100 years of experience in the industry, Progressive offers a straightforward quote process and a variety of coverage options. Our team at MarketWatch Guides has thoroughly assessed Progressive based on cost, coverage, and other related information to help you determine if it’s the best homeowners insurance for you.
Progressive is a top choice for bundling multiple insurance policies, such as home and auto insurance. The insurer provides several bundling options and significant savings for policyholders. While Progressive’s rates may be higher than average, you can lower costs by qualifying for discounts. However, the insurer only offers a few endorsement options, which may be a drawback for homeowners seeking additional coverage options.
When it comes to getting a quote from Progressive, the process is quick and easy. By providing information about your property, household, and other factors, you can receive a quote in just a few minutes by filling out an online form. However, based on our analysis of customer reviews, Progressive receives a high number of complaints about its customer support.
In terms of cost, the average annual premium for Progressive home insurance is $3,304, which is higher than the national average. Factors such as location, dwelling coverage, deductible, claims history, and credit score can all impact your policy cost. However, you may qualify for discounts to lower your monthly premiums, such as policy bundling, safety and alarm features, new purchase discounts, and more.
Progressive offers nationwide coverage for homeowners insurance, although the insurer announced it would not renew a significant number of policies in Florida last year. Despite this, Progressive did not leave the state entirely. The company’s availability, ease of use, and brand trust were all factors considered in our methodology, where Progressive scored 4.3 out of 5 stars.
In terms of coverage options, Progressive allows policyholders to customize their coverage to suit their unique needs. While the insurer does not provide as many endorsements as some other providers, policyholders can choose from options such as water backup and sump discharge coverage and personal injury coverage.
The claims process with Progressive is efficient, with 96% of claims approved and an average approval time of 11 days. The most common claims filed by policyholders were for water damage, with the primary reason for rejected claims being considered normal wear and tear.
Customer reviews of Progressive are mixed, with some policyholders praising the helpful agents and fair claims handling, while others express dissatisfaction with claim denials, high premiums, and poor communication from the company. In comparison to other major home insurance providers, Progressive’s rates are higher, but the company approves a slightly higher percentage of claims.
In conclusion, Progressive home insurance is a solid choice for homeowners looking to bundle their policies and save on premiums. With a variety of coverage options, discounts available, and a straightforward quote process, Progressive may be the right fit for your insurance needs. Consider the pros and cons, cost factors, coverage options, and customer reviews to determine if Progressive is the best homeowners insurance provider for you.