Progressive Insurance

Progressive offers a homeowner's policy that covers the basics, along with some optional riders that you might find suitable for your situation.

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8.7
Grand Score
8
User Score
8.7
Grand Score
8
User Score
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Whether you own a home or a condo, you need to make sure you have an appropriate level of homeowner’s insurance. It is important to protect your investment and to protect all you have collected over the years. If your home is damaged or vandalized, you may not have the funds to repair it. That’s when your homeowner’s insurance policy steps in. When choosing a policy, you need to have the right coverage for your specific situation. Then, you will have peace of mind in knowing that if something happens, you will be covered.

Grandfolk Scoring
Coverage 9/10
Limits to coverage 9/10
Cost 8/10
Claims 8/10
Deductible 9/10
Discounts/credits 5/10
Protective devices 9/10
Cancellation 10/10
Ease of enrollment 10/10
Waiting Period 7/10
Customer Support 10/10
Coverage
What is covered in a basic policy?
Your home, loss of use, personal liability, and personal belongings
Limits to coverage
What is the maximum the company will pay?
This depends on the value of your home and the options you select
Cost
How much will I pay in monthly premiums?
This varies by location, policy riders and the deductible you choose
Claims
How do I submit a claim?
Call the claims line, or log into your policy account online
Deductible
How much will I pay in deductibles?
Generally $100-$1,000, depending on your plan
Discounts/credits
Does the company offer any discounts?
You can get a discount if you bundle your policy
Protective devices
Are credits given for safety devices?
Yes, having safety devices in your home can benefit your premiums
Cancellation
Can I cancel my policy?
Yes, just call Progressive and an agent can help you
Ease of enrollment
Ways you can enroll
Online, by phone, or through a local agent
Waiting Period
How soon can the policy be used?
Check with customer service for specifics
Customer Support
Ease of access
Contact customer support online or by phone
Age Score:
9
50-65 Years
9
65-75 Years
7
75-85 Years
7
85-Above

Homeowner’s insurance is important for seniors of any age. Progressive offers a basic policy and allows you to include optional coverages for various items. Some of these options, like liability on a watercraft or theft coverage on property in a trailer, may not be useful for some older seniors. However, seniors may find other optional coverage options applicable.

The homeowner’s policy offered by Progressive seems to be geared toward the younger senior, based on the type of riders that can be added. For seniors who may have lost some mental clarity, the various coverage options may be confusing. Therefore, it is wise to ask a family member to assist with choosing the right plan. 

Health Score:
10
Great health
10
Good Health
10
Fair Health
10
Poor Health

Insurance coverage in case of damage to your home is of great value to all seniors. Anyone in any state of health can benefit from having a comprehensive policy to cover their home and belongings in the event of a fire or water damage, for just a couple examples. In addition, you will need to be sure to have financial assistance to stay in a hotel while your home is being repaired. These are expenses most people do not budget for. Your homeowner's insurance policy is a safety net that you should be able to count on in any stage of life.

Pros:

  • Progressive offers an inflation guard endorsement, which automatically adjusts your home insurance limit during the policy period. This is important if your home’s replacement cost is increasing with inflation.
  • Progressive offers an optional rider to cover a secondary residence.
  • Progressive’s website includes a section on the factors that can affect insurance premiums, a topic that many people have questions about.
  • Progressive offers homeshare insurance, which covers you if you rent parts of your home on Airbnb, HomeAway, or another homeshare system. 
  • Through Progressive’sHomeQuote Explorer, you can get a quote on insurance for your home and see rates from other companies at the same time.
  • The website offers tips for completing a home inventory, which is highly recommended to support claims in the future.

Cons:

  • Progressive offers a mobile app to view your auto policy and coverages, but the app does not allow you to manage your homeowner’s policy.
  • Progressive’s website tends to focus on auto policies and provides only minimal assistance to those purchasing homeowner’s insurance.  
  • Unless you have specifically asked for it, most insurance policies will not include windstorm damage. This type of coverage is not included in a Progressive policy.

Bottom Line:

We have all seen Flo, Progressive's neatly-dressed auto policy spokesperson. The company has developed quite a following for its auto insurance products. It focuses on credits and discounts for its auto customers,but only offers one for homeowners. The website TopTenReviews.com does not include Progressive in its top ten. Reviews.com counts Progressive in the top ten for its speedy quoting process. The company does have an A+ rating from the Better Business Bureau, so it must be doing something right. 

When you are shopping for homeowner's insurance, you may want to consider whether you want a more personal touch. If so, this is not the company you should work with. Having an agent sell you a policy over the phone without seeing your property first may be highly efficient for the company, but it may not be good for you. 

Frequently Asked Questions:

How can I get a quote? 

You can easily get a quote online or call the number on thewebsite. The company offers a HomeQuote Explorer which allows you to compare rates and coverages from multiple companies at the same time. 
What kinds of discounts does the company offer? 

Progressive focuses its advertising on auto insurance, and provides several discounts associated with thisparticular product. The only discount it offersto homeowners is the bundling discount, which requires you to purchase another type of policy with the company.
What optional supplemental coverages does the company offer?

Progressive offers a Guaranteed Replacement Cost rider which provides the most complete coverage for your home. It also offers an inflation guard endorsement, and a scheduled personal property endorsement for possessions that are of value, like antiques, jewelry, coins, etc. Finally, Progressive offers coverage for a secondary residence, personal liability for small sailboats and outboard motor craft, theft coverage for items in your motor vehicle or trailer, and credit card forgery and depositor’s forgery coverage. 

More Information:

Product Details

Overview: Progressive’s basic policy covers your property, personal belongings, liability, medical payments, and loss of use. 

Package Details: The company offers several optional coverages you can add to the basic policy, such as guaranteed replacement cost, inflation guard endorsement, increased limits on money and securities, secondary residence coverage, watercraft coverage (expands personal liability and medical payments for small sailboats and outboard motor boats), theft coverage from a motor vehicle, trailer or watercraft, and credit card forgery coverage. 

Other Services:None

Additional Company Details

Contract Details:A contract for homeowner's insurance with Progressive will stay in place as long as you continue to pay the monthly premiums. If you want to cancel the insurance, you will need to call the phone number on the website and speak with an agent. You should be sure that you have another policy in place before you cancel. 

Warranty: If you are unhappy with your coverage, you should contact the number on the website. 

Accreditations:Progressiveis not accredited by the BBB, but has earned an A+ rating from the organization.

Company Details: Progressive Mutual Insurance was founded in 1937by two lawyers, Joseph Lewis and Jack Green. The company began with the goal of providing vehicle owners security and protection. The company took an innovative approach by offering a drive-in claims office, and allowing customers to pay their premiums in installments. 

Progressivewas the first company to introduce reduced rates for low-risk drivers and has blazed a trail by offering comparison rates on its website. In the 1960s, the company became the Progressive Corporation. The company has grown steadily through the years, and went public in 1971. Progressiveis not accredited by the BBB, but has earned an A+ rating from the organization.


Contact:

Progressive Corporation
6300 Wilson Mills Road
Mayfield Village, OH 44143
Tel: (800) 776-4737
Website: https://www.progressive.com/

Donna McDurfee - Senior Advisor

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