Progressive Homeowners Insurance Review

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If you own a home, you must protect your investment with a dependable homeowner’s insurance policy. Otherwise, you risk huge expenses if something goes wrong or could lose everything in the event of catastrophic weather.

But where do you start to find a trustworthy plan from a reliable insurance provider?

Progressive is an insurance company that has worked to improve the quality of its homeowner’s insurance plans dramatically during the last five years.

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Check out this complete review and find out if Progressive is the right Home Insurance provider for you.

Progressive Home Insurance

Progressive offers many versatile homeowner’s insurance plans and provides coverage in all 50 U.S. states. The company offers competitive rates and unique options that allow it to stand out from the competition.

Progressive also earns high ratings for exceptional financial strength, which furthers its appeal.

Top-notch customer service is one of Progressive’s goals. The company’s 48-hour guarantee ensures you’ll get a callback within 48 hours of Progressive receiving your claim, whereas some other companies can take days or even weeks to respond.

Progressive Insurance Company Ratings

Progressive generally earns positive ratings from customers and financial evaluators.

A.M. Best gives Progressive an A+ rating, the highest rating it gives.

Similarly, the Better Business Bureau (BBB) rates Progressive an A-, the second-best rating available.

In a bit of a twist, J.D. Power gives Progressive a two-out-of-five rating on its website, which is somewhat incongruous with its high marks from every other rater.

Progressive offers competitive rates for unique homeowner’s insurance plans and provides coverage throughout the U.S.

  • Financially Strong
  • A- BBB Rating

What’s Covered with Progressive Home Insurance?

Progressive’s primary homeowner’s insurance options include dwelling coverage, personal possessions, loss of use, personal liability, and medical payments. You can also choose add-on options for your coverage, such as water back-up or personal injury.

Dwelling Coverage

Dwelling coverage is the most fundamental home-insurance coverage. It covers the cost to repair your home should any damage occur. Damage repairs might include things such as storm damage to your roof, or damage to your floors, walls, or anything else attached to your house.

Additional Structures

In addition to your home itself, homeowner’s insurance also protects other structures on your property. Some examples of those structures include patios, decks, fences, and any other structures not necessarily directly attached to your home.

Personal Possessions

An insurance policy with personal-possessions coverage protects the personal items in your house if they are damaged or stolen. Progressive can protect all personal items in your home that are covered and in other structures on your property. Some personal possessions covered in a homeowner’s insurance plan include electronics, jewelry, art, and much more.

Loss of Use

Insurance coverage for loss-of-use ensures that you are never left without a place to live, even if your home becomes uninhabitable. Loss of use insurances pays your costs of living, food, and other necessary expenses until your home gets repaired. This coverage is crucial, especially for families who cannot afford to get by if they lose their home to a disaster.

Personal Liability

Personal liability insurance protects you and your family in the event of a lawsuit involving an accident on your property. This type of coverage pays court fees, lawyer fees, and other expenses related to such a suit. This coverage is essential in the event that an accident or injury occurs on your property.

Medical Payments

Insurance for medical payments will pay the medical bills for anyone injured on your property. And you know how quickly medical bills can add up. Progressive can help protect you from the devastation that paying someone else’s medical bills could trigger.

Additional Coverage Options

You can customize your homeowner’s insurance with Progressive by taking advantage of optional add-ons to your policy. The two main add-ons available are personal injury and water back-up. These options are in addition to your fundamental homeowner’s coverage but can provide you with extra protection against unexpected accidents or storms.

Water Back-Up

Water back-up coverage protects you against water damage or flooding caused by a back-up in your home’s sump pump or sewer system. If you have a sump pump in your basement or an old sewage system, this coverage provides a safety net in the event of flooding. While it might not be necessary for every person, an unexpected flood can happen to anyone.

Personal Injury

Progressive’s personal-injury coverage adds another optional layer of protection to your homeowner’s insurance. Personal injury protection provides you coverage against lawsuits and legal fees resulting from an accusation against you, or even a wrongful eviction. Sadly, personal-injury lawsuits have become commonplace, and some people file lawsuits left and right with hopes of winning big. Legal fees can mount quickly and devastate you financially.

Are There Discounts with Progressive?

Progressive offers a 5 percent multi-policy discount for customers who take out two or more types of insurance policies with the company. Depending on the plans you hold with Progressive, you can earn discounts of 5 percent to 15 percent if you bundle your plans. Progressive also will lower your rates as you get older if you have long-term plans with the company.

Progressive offers competitive rates for unique homeowner’s insurance plans and provides coverage throughout the U.S.

  • Financially Strong
  • A- BBB Rating

Pros & Cons of Home Insurance with Progressive

There are always pros and cons to every insurance provider, depending on your individual needs and financial situation.

Pros:

A significant out-of-the-gate advantage for Progressive is its robust financial strength and ratings from reputable scoring companies. Progressive also offers add-on coverage options for your homeowner’s insurance plan and commits to developing the best strategies for each customer.

Progressive also scores points for its speedy customer service and claims processing. The company guarantees you’ll get a call from a claims adjuster within 48 hours of submitting a claim. Some competing insurance companies take days, or even weeks, to get back to you about your claim, leaving you hanging in the meantime.

Cons:

Reading reviews about Progressive points out some individual customer complaints about claims processing. But these appear to be isolated cases that are not indicative of the company’s overall reputation.

Is Progressive Home Insurance Right for You?

As a whole, Progressive draws positive reviews from its customers.

So, if you’re looking to protect you and your family from financial devastation because of an accident or damage to your home, consider contacting a Progressive agent today!

*While we make every effort to keep our site updated, please be aware that “timely” information on this page, such as quote estimates, or pertinent details about companies, may only be accurate as of its last edit day. Huntley Wealth & Insurance Services and its representatives do not give legal or tax advice. Please consult your own legal or tax adviser.