Auto, home and life insurance



Advantages and disadvantages of progressive insurance

Gradual review of auto insurance

Progressive has been around since 1937. It was ranked 17th out of 18 for auto claims satisfaction in the JD Power Auto Claims 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 the options within your budget) and “Instant” safe driver programs. The carrier also offers discounts for the home and auto insurance grouping and for good student drivers.

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

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

Gradual review of home insurance

Progressive was not listed in the JD Power Home Insurance Customer Satisfaction Survey.

Progressive offers homeowners, co-owners, tenants and mobile homes insurance. It also offers flood insurance and home guarantees. It offers discounts on home security systems, automatic sprinkler systems, bundling your home and auto insurance, and a new home.

Home insurance protects your home, your belongings, and provides liability coverage for injuries that occur on your property. Standard home insurance looks like the table below, but coverage varies depending on your provider:

*Available as additional coverage if not part of the policy

**Flood insurance is available from the NFIP and approved insurers

*** If you live hurricane Where tornado zones, additional storm rider may be required

Gradual review of life insurance

Progressive was not on JD Power’s life insurance customer satisfaction list.

Progressive offers offer both term and permanent life insurance products. Term life insurance products offered are Level Life Insurance, Final Expense, and RAPIDecision Short Term Policy without Medical Exam (simplified question). The permanent life insurance products offered are whole life insurance and universal life insurance.

There are two types of life insurance: permanent life insurance and term life insurance. Term life insurance lasts for a specified period. When it’s done, you can reapply for coverage, but premiums will most likely increase with age.

Permanent life insurance never expires, has a death benefit for your beneficiaries and a cash value that you can use while you’re alive. Some financial advisers recommend a combination of term and permanent life insurance.

Progressive insurance vs. the competition

Here’s how Progressive stacks up against other national insurance providers.

Progressive trustworthy?

We checked the NAIC Complaints Index for complaints against Progressive. Progressive has relatively few complaints filed against it compared to other major insurers.

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



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