Progressive Renters Insurance Review 2024

Progressive’s renters insurance rates are on the high side compared to many competitors, but you can still get a decent amount of renters insurance for about $15 a month.

Company	Average annual renters insurance cost for $15,000 of personal property coverage	Average annual renters insurance cost for $30,000 of personal property coverage	Average annual renters insurance cost for $50,000 of personal property coverage	Forbes Advisor rating
State Farm	$102	$121	$209
Westfield	$136	$156	$183
American Family	$154	$189	$231
Auto-Owners	$113	$147	$196
USAA*	$116	$155	$196
Allstate	$109	$153	$215
Country Financial	$174	$201	$253
Nationwide	$129	$163	$207
Progressive	$178	$220	$281
Average	$143	$186	$247	–

Source: Quadrant Information Services. Rates include $100,000 in liability coverage and $1,000 in medical payments coverage.
*USAA is available only to the military, veterans and their families.

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Related: Cheap Renters Insurance

What’s covered by renters insurance is standard among most insurers:

• Personal property coverage: This covers your belongings, such as your electronics, furniture, clothing, artwork, pots and pans, jewelry, rugs, and other items. It covers damage from problems that include vandalism, theft, smoke, fire, weight of snow and ice, explosions and falling objects.
• Liability insurance: This coverage kicks in when you accidentally cause property damage or injuries to someone else. For example, if someone falls in your apartment and you’re legally responsible, it can pay for court judgments or settlements. It also pays for a legal defense in case you are sued because of an accident.
• Medical payments coverage: You can tap this coverage type to pay for small medical bills if someone gets hurt in your apartment, no matter who was at fault. For example, if a guest slips on a wet floor and tweaks their ankle, medical payments can cover their urgent care visit. Medical payments coverage is often sold in small amounts, such as $1,000.
• Additional living expenses coverage: If you cannot live in your home due to damage covered by your policy (like a fire), additional living expenses coverage pays for extra costs such as hotel bills, restaurant meals and laundry services.

Replacement cost coverage

Consider adding this coverage to your policy if it’s not included. Replacement cost coverage pays for new items if your belongings are stolen or destroyed. Actual cash value coverage will only pay an item’s depreciated value.

Progressive renters insurance includes the standard coverage types above, plus some additional coverage options:

• Home computer coverage: This insures your computers and related equipment against damage from any cause except those specifically excluded such as wear and tear. This endorsement also covers business use of your personal computer.
• Personal injury: This provides liability coverage for personal injuries to others, including offenses such as libel, slander, defamation of character, invasion of privacy, wrongful eviction or wrongful entry, and false arrest, detention or imprisonment.
• Water backup and sump discharge or overflow: This covers your personal property if it is damaged by water that backs up through sewers or drains, or overflow from a sump pump.
• Homeshield R package: This coverage increases the limits on certain types of items. For example, it increases the coverage for theft or loss of collectibles (such as comic books, trading cards and memorabilia) from $1,000 to $2,500.

Keep an eye out for these renters insurance discounts from Progressive:

• Bundling discount when you buy both renters and car insurance from Progressive.
• Secured/gated community discount If you live in a gated community that has an entrance with a 24-hour security guard or passkey access
• Pay in full discount if you pay your policy upfront in full.
• Quote in advance discount if you get a quote at least three days before your policy starts.
• Receive documents by email discount for going paperless.

Related: Cheapest Renters Insurance of 2024

When you buy a renters insurance policy from Progressive, it may actually come from another company through Progressive’s insurance agency. These companies include American Modern, Foremost and Homesite. So if you have to file a renters insurance claim, you’ll need to file it with the right company. If you are not sure of the company, you can call Progressive at 1-800-776-4737.

Progressive insurance sells many types of insurance, some through its agency from different companies, such as:

• ATV insurance
• Boat insurance
• Business insurance
• Car insurance
• Classic car insurance
• Commercial car insurance
• Condo insurance
• Flood insurance
• Home insurance
• Identity theft insurance
• Life insurance
• Mobile home insurance
• Motorcycle insurance
• Pet insurance
• Travel insurance
• Umbrella insurance

To identify the best renters insurance companies, we evaluated each company based on the following.

Renters insurance rates (80% of score): We scored each company’s renters insurance rates based on national averages for policies with $15,000, $30,000, $50,000, $75,000, $100,000 and $200,000 worth of personal property coverage. Source: Quadrant Information Services.

Complaints (20% of score): We used complaints about home insurance (which includes renters insurance) upheld by state insurance departments. Most home/renters insurance complaints center on claims, including unsatisfactory settlements, delays and handling of the claim. Source: National Association of Insurance Commissioners.