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Our Expert Take
Our Expert Take
Progressive stands out for its superior home insurance rates but it lacks options for increased dwelling coverage, which we believe is valuable coverage for homeowners who live in areas prone to disasters. Dog owners wary of a banned breed list should look elsewhere.
Pros
- Progressive has the best average home insurance rates by far compared to competitors.
- Multiple discounts such as advance quote, bundling, claim-free, home update, new purchase and smart technology discounts.
- Name Your Price tool lets you say how much you can pay and Progressive finds coverage to match the price.
Cons
- No options for increased dwelling coverage except (may vary by state).
- May have a banned dog list in your state that makes owners of certain breeds ineligible for coverage.
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2.9
Our ratings are calculated based on fees, rates, rewards and other category-specific attributes. All ratings are determined solely by our editorial team.
Home insurance rates
Excellent
Complaints
High
Table of Contents
- Progressive Home Insurance Cost Comparison
- About Progressive Homeowners Insurance
- Additional Progressive Home Insurance Options
- Progressive’s Banned Dog List
- Progressive Home Insurance Discounts
- Home Insurance Complaints Against Progressive
- Methodology
Show more
Why You Can Trust Forbes Advisor
Progressive Home Insurance Cost Comparison
Progressive offers the cheapest average home insurance rates when compared to competitors. If price is your No. 1 goal for home insurance, Progressive could provide excellent quotes.
| Company | Average home insurance cost per year for dwelling coverage of $350,000 |
|---|---|
Progressive | $729 |
Nationwide | $1,157 |
Erie | $1,256 |
USAA* | $1,270 |
State Farm | $1,298 |
Westfield | $1,344 |
Allstate | $1,395 |
Auto-Owners | $1,525 |
Chubb | $1,810 |
American Family | $2,020 |
Farmers | $2,035 |
Country Financial | $2,065 |
Shelter | $2,363 |
Travelers | $3,220 |
Average | $1,678 |
Source: Quadrant Information Services. | |
About Progressive Homeowners Insurance
Progressive Insurance began in 1937 when two lawyers decided to start an insurance company. Today, Progressive is the 10th largest home insurer in the nation. The company is headquartered in Mayfield Village, Ohio.
Progressive homeowners insurance policies come with the types of coverage that are typical in homeowners insurance policies:
- Dwelling coverage pays to repair or replace your home if it is damaged by a problem covered by your policy, such as a fire or tornado.
- Other structures coverage pays to repair or replace structures that are not attached to your home, such as a fence or shed.
- Personal property coverage pays to repair or replace your personal belongings, like your clothes, electronics and furniture.
- Liability insurance covers property damage and injuries to others, such as someone who gets hurt on your property. It also pays for a legal defense if you are sued because of an accident.
- Additional living expenses coverage pays for expenses like hotel bills, meals and pet boarding fees if you cannot live in your home because of a problem covered by your policy, like a tornado.
- Medical payments coverage pays the medical bills of people who blame you for accidental injuries, without regard to fault. Coverage is typically in small amounts up to $5,000.
Progressive also sells other home coverage such as condo insurance, mobile home insurance and renters insurance. Progressive’s subsidiary American Strategic Insurance offers this home insurance. But if you get a quote through Progressive’s insurance agency you may get a policy from another company. Forbes Advisor’s list of best home insurance companies can help you compare policies if you aren’t seeing the coverage that fits your needs.
Umbrella insurance is available. An umbrella policy adds an extra layer of liability insurance and kicks in when your liability limits from other insurance policies (such as home and auto) are exhausted.
Related: Cheapest Homeowners Insurance Companies Of 2024
Additional Progressive Home Insurance Options
Policy add-ons available from Progressive include:
- Water-back up coverage pays for damages from a backed up sewer system or sump-pump.
- Personal injury covers legal fees for lawsuits such as slander or libel or wrongful eviction.
Progressive’s Banned Dog List
Progressive’s filings with state insurance departments indicate that homeowners with these dog breeds may be ineligible for coverage: Akitas, American bulldogs, chow chows, Dobermans, Mastiffs, pit bulls, Rottweilers, Staffordshire terriers, wolf hybrids, any mix or variation of these breeds, and any dog with a history of biting.
Progressive Home Insurance Discounts
Searching for ways to lower your home insurance premiums? Here are some home insurance discounts available from Progressive:
- Bundle policies discount. Policyholders who insure both their home and auto with Progressive save an average of 7%.
- New home construction discount. If you have a newly built home, you can get a discount.
- New purchase discount. You’ll get this discount when you buy a new home (your home does not need to be newly built to qualify).
- Pay in full discount. When you pay for an annual policy in full, you’ll be eligible for savings.
- Quote in advance discount. If you request a quote at least 10 days before your policy is effective, you will be eligible for a discount.
- Receive documents by email. You can get a discount by going paperless and receiving policy documents by email.
- Safety and alarms discount. You may be eligible for savings if your home has devices such as an automatic sprinkler system and fire and burglar alarms.
Home Insurance Complaints Against Progressive
Progressive home insurance has a higher-than-average complaint level compared to the industry average. The most common type of complaint about Progressive home insurance involves claims handling, namely delays and unsatisfactory settlements/offers, according to the National Association of Insurance Commissioners.
Methodology
To find the best home insurance we scored companies based on these factors:
- Home insurance rates (50% of score): Based on average rates for each insurance company for homes with dwelling coverage of $200,000, $350,000, $500,000 and $750,000.
- Complaints (20% weight): Based on complaints about home insurance that were upheld by state insurance departments. Source: National Association of Insurance Commissioners.
- Availability of extended and/or guaranteed replacement cost coverage (20% of score): Extra dwelling coverage is valuable in the event of large disasters, when construction materials and labor costs tend to spike. We gave points to companies that offer either extended or guaranteed replacement cost coverage. Source: Forbes Advisor research.
- Banned dog lists (10% of score): Banned dog breed lists can make homeowners ineligible for coverage. (A company’s banned dog list might not be applicable in all states.) While any homeowners insurance company could potentially ban any dog with a biting history, not all put a ban on specific breeds. Source: Forbes Advisor research.
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