Founded in 1937, Progressive is one of the largest car insurance companies in the United States. Aside from auto insurance, the company also offers life and home insurance to over 18 million customers.
Reading through various Progressive reviews, it’s apparent that there’s nothing random about the company’s name. It IS indeed a progressive company if the fact that it has significantly revolutionized the insurance industry is anything to go by.
It is the first company to allow customers to pay insurance premiums in installments. It’s also the first company to introduce safe driving discounts.
But is it one of the best insurance companies? Keep reading to learn more about Progressive and decide if you want to take out any one of its insurance policies.
- Affordable rates compared to other insurance companies
- Offers a variety of discounts
- Allows customers to state the desired car insurance price they can afford
- Wide range of insurance coverage options
- Offers 24/7 support 365 days a year
- Provides a wide range of tools and helpful apps for its tech-savvy customers
- No cancellation fee if you decide to cancel a policy before your contract expires
- Raises rates after six months
- Difficult to cancel a Progressive policy
Types Of Insurance Offered
According to multiple Progressive reviews, auto insurance is the company’s forte. It’s ranked the third-largest car insurance company in the U.S. The company has an average of 4 out of 5 rating regarding overall performance in auto insurance. This rating came about after considering aspects such as pricing, discounts, and ease of filing claims.
Among the discounts offered under auto insurance, you’ll get a multi-policy discount, good student discount, and discounts for practicing safe driving habits.
Progressive offers drivers typical auto insurance coverage as well as a few add-ons. You have the option to choose from the following:
- Liability coverage on bodily injury or property damage irrespective of who is at fault
- Collision coverage for when you get hit by another vehicle
- Pet injury insurance if you buy collision coverage
- Custom parts and equipment values to protect accessories in your vehicle
- Ride insurance that protects you between rides
Homeowners have multiple home insurance policies to pick from with Progressive. Your home and personal belongings are protected in cases of theft, fire, or damage. Mind you; this is regardless of whether your belongings are stored at your home or not.
Progressive home insurance offers comprehensive packages depending on the policy you select. You can maintain your home since the policies cover general floor repairs and upgrades. Need to pay for a lawyer or hotel while your home is undergoing remodeling? Progressive will cover your hotel expenses and legal fees when necessary. Your jewelry and electronics are also replaced when lost or damaged.
As a homeowner, the following insurance policies are at your disposal:
- Home insurance
- Mobile home insurance
- Renters insurance
- Apartment and condo insurance
Progressive life insurance policies seek to provide your family with the lifestyle they are accustomed to in the event of your death, injury, or illness. The company’s life insurance policies cover costs such as funeral expenses, medical bills, and housing costs.
Progressive offers an umbrella policy to cover general aspects of your day-to-day life such as college funds, family assets, and personal injury. Are you looking to go on a vacation? The umbrella policy also takes care of your vacation rentals!
How To Get A Quote
By now you’re probably wondering how to get a quote. Lucky for you, requesting one is pretty simple. All you need to do is visit the company’s website where you’ll find an insurance quote tool. Select your product of interest and click on ‘’Free Quote.”
Alternatively, you can click on “Name Your Price.” This tool will help you find a policy that suits your budget. Just bear in mind that by opting for a policy at a meager price, you might be forfeiting specific coverage. So, keep that in mind.
The website allows you to compare competitor rates for the same policy so you make the best decision for you.
What Does Progressive Insurance Company Cover?
Aside from conventional life, auto, and home policies, Progressive also offers third-party policies that cover aspects such as your boat, ID theft, and wedding and event insurance.
How Much Does Progressive Cost?
Let’s talk about figures! Based on various Progressive reviews, we’ve ascertained that the company offers competitive rates when compared to other insurance companies.
With home insurance, the company has bundled offers, so you may end up paying far less. Here’s an example: If you’re renting an apartment at $1000 per month, you may have to pay approximately $195 per annum for rental insurance.
Auto insurance rates will depend on the policy you pick and factors such as the kind of vehicle you drive and your age. But on average, prices can range anywhere between $46 and $420 a month.
Learn the Top Reasons Why Car Insurance Rates Are Periodically Modified here.
In terms of life insurance, you can pay as little as $14 a month, depending on the policy you choose. Coverage options vary from $50,000 to as high as $1 million. The amount you pay also depends on the duration of the policy. Is it 10, 15, 20, or 30 years?
To get the exact amount of how much you’ll pay for any of the insurance policies, simply click on ‘Get Quote” and input your details.
Customer Service & Satisfaction
Progressive company has an overall rating of 4 out of 5 for customer satisfaction where home insurance is concerned.
Based on several Progressive car insurance reviews, the company has a 4 out of 5 rating for auto insurance. Complaints in this section involve waiting for hours to speak to a customer consultant.
Based on different Progressive customer reviews, the company has a 4 out of 5 rating for its life insurance policies. Most customers are generally impressed with the low coverage rates.
Most negative reviews regarding the company’s life insurance policies are attributed to poor customer service when filling out a claim and difficulty when canceling a Progressive policy.
Tips On Getting The Best Insurance Company
To get the best possible insurance company and policy for your needs, ask yourself the following questions:
What Coverage Does Your State Require You To Have?
It doesn’t benefit you to engage the services of a company that doesn’t offer the exact coverage you’re required to have in your state.
What Coverage Do You Want?
In this case, you must figure out your possible risks and how you intend to negate them. This information will help you pick the right coverage for your needs.
What Are Competitors Offering?
It’s prudent business practice to shop around for different insurance companies so you get the best possible coverage at reasonable rates.
Which Payment Plan Do You Prefer?
Different insurance companies offer various payment plans. Consider if you want to pay annually, monthly, or via transfers or debit orders.
How Does Progressive Insurance Fare Against Its Competitors?
What makes Progressive different from its competitors? Generally, Progressive offers lower rates. Also, its “Name Your Price” option is unique to the company. You will, however, find companies that offer lower rates than Progressive, like State Farm. But on the other hand, Progressive offers more coverage options than State Farm, such as gap insurance.
When compared to companies such as Allstate, Progressive also offers lower rates. Also, it has a higher overall customer satisfaction rate than Allstate. While Progressive has a 4.5 out of 5 rating, Allstate has 4 out of 5.
According to several Progressive reviews, the company has fewer complaints compared to other insurance companies. Also, numerous Progressive claims reviews are quick to point out that the company has many positive reviews regarding a fast claims process in general.
Is Progressive Insurance BBB-Accredited?
You’ll be pleased to know that Progressive is BBB-accredited and boasts an A rating from the 100 customer reviews present on the site.
Does Progressive Offer Auto Refinancing Loans?
Yes, you can apply for an auto refinancing loan via the insurance company’s partner, Capital One.
How Much Can You Save With Progressive?
Based on multiple Progressive reviews, it’s reported that you can save up to an average of almost $700 per year.
Does Progressive Insurance Use Your Credit Score?
Yes. Just like any other insurance company, Progressive will use your credit score to ascertain your policy rate.
You have all the facts. In your opinion, is Progressive one of the best insurance companies? If the overall 4.5 out of 5 customer satisfaction rating is anything to go by, then yes. Having been in business for a long to,e, it’s safe to say that the company knows a thing or two about offering comprehensive insurance policies.
Simply decide if the company has the type of policy you need and offers rates that are in line with your budget.
Will you be signing up with Progressive? Or will you be checking out its competitors before deciding?