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Progressive renters insurance review

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Author

Colin LalleyContent Director, Home & Auto InsuranceColin Lalley is the content director for home and auto insurance at Policygenius, where he's been writing about insurance since 2015. His insights have been featured in Inc. Magazine, Betterment, Chime, Credit Seasame, Zola, and the Council for Disability Awareness.

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Progressive renters insurance is ideal for renters looking for a high-deductible policy and high financial strength ratings with AM Best.

Progressive

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Policygenius rating

Our proprietary ratings methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the “Ratings methodology” section for more details.
Full orange starFull orange starFull orange starFull orange starHalf orange star
4.5

AM Best rating

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A+

Cost

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

NA

The bottom line

Progressive renters insurance comes with high-deductible policy options to cut down on rates, as well as up to $150,000 in personal property coverage and up to $500,000 in personal liability coverage. You can also save by bundling your renters insurance with a car insurance policy from Progressive.

Pros

  • High-deductible policy options available

  • Up to $150,000 in personal property coverage

  • Bundle with your car insurance to save on rates

Cons

  • No home safety discounts available

  • Can't schedule high-value items for additional coverage online

Progressive is a popular insurance company that provides a variety of renters insurance coverage options through Homesite.

Basics

Renters Insurance Provider

Homesite

Founded

1937

A.M. Best

A+

S&P

AA

Ratings

Consumer Affairs

3/5

J.D. Power Overall Customer Satisfaction

3/5

J.D. Power Claims Process Satisfaction

2/5

Base policy features

Replacement Value Available

Yes

Deductible Options

$250, $500, $1,000, $2,500

Personal Property Coverage

$15,000 - $150,000

Personal Liability

$100,000, $300,000, $500,000

Medical Payments to Others

$1,000, $3,000, $5,000

Loss of Use Coverage

20% of personal property coverage

Off-Premise Coverage

Yes

Peril Type Coverage

Named

Purchase Online

Yes, up to $110,000 personal property coverage

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*Based on New York availability

Optional add-on features

Schedule High-Value Items Online

No; must contact customer service/agent

Types of Valuable Coverage

Jewelry, furs, cameras, instruments, silverware, fine arts, and golf equipment

Increase Computer Category Coverage Limits Online

Yes

Increase Jewelry Category Coverage Limits Online

No

Identity Theft

Yes

Earthquake Coverage

No

Water back-up of Sewers and Drains

No

Multi-policy Discounts

Yes

Home Safety Discounts

No

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Author

Content Director, Home & Auto Insurance

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Colin Lalley is the content director for home and auto insurance at Policygenius, where he's been writing about insurance since 2015. His insights have been featured in Inc. Magazine, Betterment, Chime, Credit Seasame, Zola, and the Council for Disability Awareness.

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