Does Progressive Offer Homeowners Insurance
Homeowners insurance is optional, but without it, you’re putting yourself, your family, your home, and everything inside it at risk. If you’re a homeowner, you might be considering buying a homeowners insurance policy to protect the things you care about. When you consider the alternatives, the decision to buy homeowners insurance might be easy, but finding the right insurance provider can be anything but simple. We’ve done some of the heavy lifting for you by sorting through and finding the most important pieces of information when it comes to getting an affordable and comprehensive quote. One of the options you may have heard about is homeowners insurance. As you read, you’ll discover how Progressive performs in various rating systems, what their homeowners policies cover, their rates, opportunities to save, and more. At the end of it all, we’ll let you know how you can go about getting a Progressive homeowners insurance quote and we’ll consider if Progressive is the right match for you. Our goal is to make the process of understanding and getting homeowners insurance quote a hassle-free experience. If you’re not sold on Progressive’s policies, be sure to check out our pages on other insurance companies.
Progressive Homeowners Insurance Review and Costs
Progressive is one of the largest auto insurance providers in the country, but did you know that they also sell homeowners insurance? Progressive was founded over 80 years ago and is perhaps most famous for its commercials starring the enthusiastic Flo, who loves to explain the benefits of Progressive Insurance. When it comes to ratings, Progressive homeowners insurance earned an average score of 3 out of 5 from JD Power. The NAIC gave them an exceptional rating, indicating that they are far below the average number of customer complaints for an insurance company. The Better Business Bureau (BBB), which assigns marks based on how likely companies are to interact with their customers, gave them an A+ rating. Unlike many insurance companies, Progressive lists the latest review from customers right on their website. When it comes to price, a standard Progressive homeowners insurance policy will cost you $X.XX per year on average. However, you rate can look a lot different depending on factors relating to your home, credit score, and claims history. Progressive homeowners insurance policies offer the standard coverage for your home and other structures, possessions, liability, and temporary living expenses.
| Progressive Homeowners Insurance High-Level Review | By the Numbers |
|---|---|
| BBB rating for Progressive Homeowners Insurance | A+ |
| Progressive Renters Insurance JD Power Rating | 3/5 |
| Avg. Cost for Progressive Homeowners Insurance Yearly | $1,119.20 |
| Avg. Cost for Progressive Homeowners Insurance Per Month | $93.27 |
Progressive Howeowners Insurance Coverage
As mentioned above, Progressive homeowners insurance covers the basics. It will help with the cost of repairing or rebuilding your home due to covered events. Covered events or perils include fire, wind, falling trees, hail, theft, vandalism, and riots, among others. Dwelling coverage includes protection for detached structures like gazebos, decks, fences, and driveways. It will also protect your personal belongings, including furniture, clothes, and electronics. However, for more expensive items like jewelry or art that are valued above normal policy limits, you many need to purchase separate coverage. Personal liability coverage will protect you from lawsuits brought against you if you or your family members are found responsible for causing property damage or injury. The personal injury add-on covers you for libel, slander, wrongful entry, and other lawsuits, as well as wrongful eviction, false arrest, and imprisonment. If your home becomes temporarily unlivable due to a covered event, your coverage will pay for additional living expenses like hotel rooms and meals. This is also called loss of use coverage. Expected events like wear and tear are not covered, and neither are some natural hazards like sinkholes, earthquakes, and landslides.
Progressive homeowners insurance plans, like the majority of homeowners plans, do not cover damage from flooding. However, they do provide separate flood insurance through the National Flood Insurance Program (NFIP). This is a national program from the federal government, so flood insurance policies cost the same from different intermediaries. The average is around $700 a year. With flood insurance, most of your house is covered, including the foundations and heating and cooling systems, as well as appliances. Carpeting and other types of flooring as well as personal belongings are usually covered too. However, items in your basement are not covered. Most providers don’t cover mold damage or removal either, especially in cases where it is due to neglected maintenance. However, if the mold is caused by a sudden incident like burst pipes, you will probably be protected. Standard homeowners policies typically cover water damage if it is coming from an internal source. Progressive also offers optional coverage for water back-up from sump pumps and sewer systems. This kind of water damage can often lead to mold, so choosing this add-on can help protect you from costs associated with mold damage.
How Much is Progressive Homeowners Insurance Near You
After coverage, the next big question is “How much is homeowners insurance through Progressive?”. Many factors go into calculating insurance rates. We’ve provided a table for one of the big factors – location. The national average for Progressive homeowners insurance is $X.XX per month. To give you an idea of the range, the most expensive state is Oklahoma, which costs homeowners $X.XX per month on average for insurance. At the opposite end of the scale is Delaware, the cheapest state with an average monthly rate of $X.XX.
Get a Progressive Homeowners and Auto Insurance Discount
Thankfully, Progressive offers a number of discounts so you can save on your premium rates. One of the most common discounts is the multi-policy or bundle discount. You can save an average of 12% when you combine auto and homeowners insurance with Progressive. You can also bundle other types of vehicle insurance together. Bundling is usually offered as an option when you sign up for insurance with a company, but you can get it at any time. Having fire alarms, security systems, and other protective devices in your home can help you save on premiums while reducing your risk of a loss. Progressive offers a number of more unique discounts, such as one for getting your quote online, as well as for getting a quote 10 or more days before your policy starts. You can earn discounts if you’ve just bought a home or you’re switching from a renters policy, or if you pay the 12-month policy in full upfront. Your rates will also be reduced the newer your home is. Even opting to get your documents sent to you by email instead of in the post can get you a discount.
Costs of Progressive Homeowners Insurance Compared with Competitors
We’ve gone over coverage; let’s see how Progressive homeowners insurance costs compare to their competitor’s rates. Before all of the discounts we’ve just mentioned, Progressive’s base rates aren’t the cheapest. The Hartford is their most expensive competitor for homeowners insurance; their plan will cost you an average of $X.XX more per month. AIG’s rate is much lower than Progressive’s (and many of their competitor’s) rate, costing you $X.XX less per month on average. Remember that these rates don’t include applicable provider discounts and are influenced by many other factors, so you actual quotes will look quite different.
Reaching Out to Progressive Homeowners Insurance
If you make Progressive your chosen provider, you’ll have to know how to make a Progressive homeowners insurance claim. It’s important to note here that Progressive does not sell your homeowners insurance directly – they offer it through a series of industry partners. Therefore, Progressive recommends contacting your company to make a claim. If you’re not sure, you can call Progressive and they’ll connect you with a representative from the correct company. Their website also provides a list of their insurance partners and their phone numbers. You can also report or view your claim by logging in on their website. Ultimately, the claims process will depend on which affiliate company you’ve signed up with. Some companies offer online claims services, while for others you’ll have to call, email, or visit them in person. Important information to have on hand for a claim is your policy number and details of the loss, including what happened, date and time, what damages occurred, and the value of the damaged property. You’ll have to do some extra research to find out about the claims processes for the different partners that underwrite Progressive homeowners insurance, because you won’t be working with Progressive directly.
One day you might have to cancel your Progressive homeowners insurance policy. This could be because you’re selling your home, joining in on your partner’s insurance, you’re unhappy with your Progressive policy, or any other number of reasons. Progressive cautions that depending on your state, home insurance companies may only be able to cancel an active policy if it is has been active for a certain period of time, you don’t pay the premium, or you commit fraud. To cancel, you’ll have to give Progressive a call and speak with a representative. Be ready with your policy number. Unfortunately, you aren’t able to cancel your coverage online. You can end your coverage immediately or set the cancellation for a future date. The best time to cancel is at the end of your policy coverage period. Always make sure you are given written notice of your cancellation. Progressive may or may not charge you cancellation fees depending on state laws and your policy payments. As with claims, you may see differences depending on which partner insurer underwrote your insurance. Give Progressive a call to see what cancellation procedures apply to your homeowners insurance plan.
Deciding on Whether Progressive is Right for Your Home
We mentioned that Progressive sells you insurance by way of partner providers. When getting a quote, you’ll use their “HomeQuote Explorer” tool to search for quotes across their network of home insurers. They will help you buy insurance based on the quotes you’re provided. To get started, you just have to enter your ZIP code and decide if you want to bundle auto insurance with your homeowners insurance. Be ready with details about your home and property to get the most accurate quotes. So while you can get your Progressive homeowners insurance quote online, remember that in the end you will be dealing with your chosen home insurer, not just Progressive. We always recommend shopping around and comparing different quotes before settling on a provider. Progressive’s “HomeQuote Explorer” has the functionality built in, but it may be a good idea to look at insurers outside of Progressive’s network. See what options satisfy your coverage requirements, customer service and claims process preferences, and of course, your budget. By doing your research, you can rest assured knowing you’ll find the most affordable quotes for your needs and eventually, your ideal homeowners insurance provider. If you need further help with the process, give us a call.
