Progressive insurance pros and cons
Progressive auto insurance review
Progressive has been around since 1937. It ranked #17 out of 18 for auto claims satisfaction in J.D. Power’s auto claims satisfaction survey. Progressive is available nationwide.
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 various coverage types is outlined in the table below:
Progressive homeowners insurance review
Progressive didn’t make the list for J.D. Power’s homeowners insurance customer satisfaction survey.
Progressive offers homeowners, condo, renters, and mobile home insurance. It also offers flood insurance and home warranties. It gives discounts for home security systems, automatic sprinkler systems, bundling your auto and homeowners insurance, and a new home.
Homeowners insurance protects your dwelling, personal belongings, and offers personal liability coverage for injuries that happen on your property. Standard homeowners insurance looks like the table below, but coverage varies depending on your provider:
*Available as add-on coverage if not part of policy
**Flood insurance is available through the NFIP and approved insurers
***If you live in hurricane or tornado areas, additional windstorm rider may be required
Progressive life insurance review
Progressive didn’t make the list for J.D. Power’s life insurance customer satisfaction.
Progressive offers offers term and permanent life insurance products. The term life products offered are level term, final expense, 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: permanent life and term life. Term life insurance lasts for a specified period. When it’s up you can reapply for coverage, but the premiums most likely will go up as you age.
Permanent life insurance never expires, has a death benefit for your beneficiaries, and a cash value that you can use during your lifetime. Some financial advisors recommend a combination of term and permanent life insurance.
Progressive insurance vs. the competition
Here’s how Progressive compares to other national insurance providers.
Is Progressive trustworthy?
We checked the NAIC Complaint Index for complaints against Progressive. Progressive has relatively few complaints filed against it compared to other top insurers.
Progressive’s financial stability is strong, with an A.M. Best’s rating of A+ (Superior).
https://www.businessinsider.com/personal-finance/progressive-insurance-review