Progressive renters insurance is ideal for renters looking for a high-deductible policy and high financial strength ratings with AM Best.
By
Colin LalleyColin 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.
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.
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
Collapse table
*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
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.
