homeowners insurance progressive

Homeowners Insurance Progressive

Homeowners Insurance Progressive

Overview of Homeowners Insurance by Progressive

Pros

  • Well known and trusted company
  • Discounts offered for multiple policies
  • Several options for Home Insurance available – lets you choose which company underwrites policy.
  • Not limited to only homeowners, Renters Insurance is offered.

Cons

  • Underwritten by third party
  • Claims are filed through underwriting company – not Progressive.

Overall Progressive is a great choice for homeowners insurance if you need home and auto insurance. Home Insurance by Progressive may be a little different since it is underwritten by a third party, but that doesn’t lessen your chance of a claim being paid out.

They also offer renters insurance which is a great way for non homeowners to get a bundling discount

More on bundling discounts later.

State Availability for Homeowners Insurance by Progressive

The great news about home insurance by progressive is that is is available in 48 states! The only states it currently isn’t an option is Hawaii and Alaska.

Customer Satisfaction with Progressive Homeowners Insurance & Renters Insurance

Overall customer satisfaction is great with customers who have homeowners insurance or renters insurance through Progressive.

Homeowners Insurance Progressive

Different Types of Homeowners Insurance Policies Explained

Most people think homeowners insurance is only for homeowners, but it’s not!

Homeowners insurance also covers renters!

Condo owners too!

There are several types of homeowners policies available. The list below is not a complete list, but instead is the types of policies Progressive offers.

HO-3 Special Form

This type of homeowners policy is written to include all types of perils except ones that are excluded. Meaning there is NOT a list of covered perils, instead there is a lost of NOT covered perils.

It contains coverage parts A-F
(More on those below)

This is a great option for homeowners.

HO-4 Renters

This type of policy is specifically meant for renters/tenants.

Since you don’t own the structure you don’t need all the coverage parts offered in a standard homeowners policy.

Instead this type of policy is meant to insure only your personal property and offers your personal liability coverage as well.

HO-6 Condo Owners

Just like with an HO-4, the HO-6 Homeowners Policy also lacks a few of the coverage types.

Due to condo owners not necessarily owning all of the structure these types of policies are written with that in mind.

Homeowners Insurance Progressive

Homeowners Insurance
vs
Renters Insurance

Before we get into the difference between Homeowners Insurance and Renters Insurance, let us first explain the overall coverage provided by a homeowners insurance policy.

Remember even though it is refered to as a homeowners policy it’s also for renters!

Coverage A – Dwelling

Coverage A covers the main structure and attached structures. Attached structures include garages, decks, and patios.

They do not include fences, pools, detached garages, or land.

The amount of insurance on Coverage A is to cover the replacement cost of the home.

Other coverages in the policy are based on a percent of this limit. With the exception of an HO-4 Renters Policy.

Coverage B – Other Structures

Coverage B is for other structures that are located on the property. These can include: detached garages, pools, and sheds.

Coverage B is 10% of your Coverage A limit.

So if you insurance your home for $200,000 – your Coverage B limit is $20,000.

Something to note that the $20,000 in coverage is not subtracted for the over limit of $200,000.

Coverage C – Personal Property

Coverage C covers personal property owned by the insured. It does not have to be on the property at the time of loss.

This is great for those who travel a lot, and can give you peace of mind knowing that your belongings are still insured.

Coverage C is 50% of your Coverage A limit.
*Excluding Renters Policies*

Coverage C has many exclusions for things of high value and has endorsements available for you to include those items and to get more coverage. There are also specific limits for certain groups of items.

*More on Coverage C can be found here*

Coverage C is the main portion of an HO-4 Renters Policy. Since a tenant only needs to insure possessions and not the structure.

Coverage D – Loss of Use

Coverage D helps provide financial support in case of a covered loss that results in you not being able to live in the home.

If your home is damaged due to a fire, and you are unable to live there this coverage will help cover the cost of your additional living expenses.

Coverage D is 30% of your Coverage limit.

In regards to an HO-4 Renters Policy – Coverage D is 30% of your Coverage C limit

Coverage E – Personal Liability

Coverage E provides you with liability insurance against bodily injury or property damage to another due to an insured fault.

This coverage does not have a deductible and is subject to a separate limit.

Coverage F – Medical Payments

Coverage F pays for medical expenses for injuries that occur on the insureds property.

For example: You, the homeowner, have a guest at your home and they fall and break their leg, this coverage would cover their medical expenses without needing to go to court for coverage E benefits.

Cost for Homeowners Insurance

Average Cost of Homeowners Insurance through Progressive

We wanted to give you an idea of what homeowners policies typically cost with progressive based on your state.

It is important to note that even though these are averages by state, there are several factors that can increase the cost. One of the most common would be the homes proximity to the coast.

StateAverage Cost
Alabama$1,462
Arizona$1,501
Arkansas$1,322
California$1,325
Colorado$1,512
Connecticut$1,510
Delaware$1,376
Florida
Georgia$1,422
Idaho$1,484
Illinois$1,372
Indiana$1,535
Iowa$1,303
Kansas$1,320
Kentucky$1,326
Louisiana$1,393
Maine$1,365
Maryland$1,470
Massachusetts$1,286
Michigan$1,279
Minnesota$1,341
Mississippi$1,450
Missouri
Montana$1,348
Nebraska$1,387
Nevada
New Hampshire$1,290
New Jersey$1,411
New Mexico$1,401
New York
North Carolina$1,465
North Dakota$1,465
Ohio$1,274
Oklahoma$1,362
Oregon$1,420
Pennsylvania$1,292
Rhode Island$1,431
South Carolina$1,372
South Dakota$1,426
Tennessee$1,403
Texas$1,413
Utah
Vermont$1,372
Virginia
Washington$1,377
West Virginia$1,464
Wisconsin$1,387
Wyoming$1,330
Homeowners Insurance Progressive

Homeowners Insurance Progressive

Homeowners Insurance Buying Guide

When looking for homeowners insurance there a few things that can help you save time and money.

One thing that would do both is to use one of our skilled agents. They shop around for you, based on your needs to help you save time and money.

Other things to be aware of when purchasing homeowners insurance are….

  1. Do your research on the company. Make sure they are rated well by a credit rating agency, such as AM Best.
  2. Doing a self inspection to be aware of the status of your home so you can accurately answer all questions and avoid any future issues when the insurance company does their own inspection. (click here for our home inspection checklist)
  3. If your home requires homeowners insurance by the mortgage holder, know what coverages they require.
  4. Make a note of any high value items that could potentially require extra documentation for coverage or even additional coverage.

FAQ

Page Author

Alexandra Vileikis

While Alexandra is the newest agent with A Plus Insurance, she is filled with knowledge when it comes to homeowners insurance. Click here to read her full bio, as well as, meet the rest of the A Plus Insurance team!

Additional Helpful Links
Home Inspection Checklist
States We Serve
Consumer Financial Protection Bureau
Progressive AM Best Rating
Homeowners Insurance Progressive

Last Updated on by Veronica Moss