Car, homeowners and life insurance

Progressive insurance pros and cons

Progressive car insurance review

Progressive has been around since 1937. It was ranked No. 17 out of 18 for auto-satisfaction in JD Power’s auto-satisfaction survey. Progressive is available nationwide.

Progressive offers “Name Your Price” insurance options (choose a premium you want to pay and it will show you options in your budget) and “Snapshot” secure driver programs. The airline also has discounts to collect car and home insurance and good student drivers.

There are four types of insurance coverage: liability insurance (required by most states), comprehensive, collision and full car coverage. If you lease or finance your car, your lender may require comprehensive and collision coverage.

The difference between the different types of coverage is outlined in the table below:

Progressive homeowners insurance review

Progressive did not make the list for JD Power’s customer satisfaction survey of homeowners insurance policies.

Progressive offers homeowners, condominiums, renters and mobile home insurance policies. It also offers flood insurance and housing guarantees. It offers discounts on home security systems, automatic sprinkler systems, bundling of your car and homeowners insurance and a new home.

Homeowner insurance protects your home, personal belongings and offers personal liability coverage for damages that occur to your property. Standard homeowner insurance looks like the table below, but coverage varies depending on your provider:

*Available as additional coverage if it is not part of the policy

**Flood insurance is available through NFIP and approved insurance companies

*** If you live in hurricane or tornado areas, further windstorm rider may be required

Progressive life insurance review

Progressive did not make the list of JD Power’s life insurance customer satisfaction.

Progressive offers offer lasting and permanent life insurance products. The term life products offered are level period, final cost and short term RAPIDecision no medical exam policy (simplified issue). The permanent life insurance products offered are whole life and universal life.

There are two types of life insurance policies: permanent life and time-limited life. Term life insurance lasts for a certain period. Once that is done, you can apply for coverage again, but the premiums will most likely increase as you get older.

Permanent life insurance never expires, has a death benefit to your beneficiaries and a cash value that you can use over the course of your life. Some financial advisors recommend a combination of time-limited and permanent life insurance.

Progressive insurance vs. competitors

Here’s how Progressive compares to other national insurance companies.

Is Progressive reliable?

We checked the NAIC Complaint Index for complaints against Progressive. Progressive has relatively few complaints filed against it compared to other top insurance companies.

Progressive’s financial stability is strong with AM Best’s rating of A + (Superior).

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