Paul Sanchez
Progressive offers a variety of discounts to its customers with homeowners insurance. These discounts can significantly decrease your Progressive home insurance premiums. The largest discount offered by Progressive is the new home discount, which can save customers up to 68%. Progressive also offers a discount of 7% on average when customers bundle their home and auto insurance. Other discounts are available for safety features such as burglar and fire alarms, automatic sprinklers, security cameras, and security systems. Florida residents may qualify for an extra discount if their residence complies with wind mitigation requirements.
| Characteristics | Values |
|---|---|
| New home discount | 68% |
| Bundling home and auto insurance | 7% savings |
| Safety and alarm discounts | Burglar and fire alarms, automatic sprinklers, security cameras, and security systems |
| Quote in advance | Obtaining a quote 10 days in advance of the policy start date |
| Florida Wind Mitigation discount | Applicable for residences built in 2002 or later |
| Multi-policy discount | Applicable for bundling RV, boat, motorcycle, etc. |
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What You'll Learn
Discounts for bundling home and auto insurance
Progressive offers a range of discounts for customers who bundle their home and auto insurance policies. By combining these policies, customers can save time and money and benefit from having all their insurance policies under one roof. Here are some key advantages of bundling home and auto insurance with Progressive:
Multi-Policy Discounts
Progressive offers multi-policy discounts when customers bundle their home and auto insurance. This means that you can save on both your home and auto insurance premiums. The average savings when bundling these policies is 7%, applied to the auto policy. Additionally, Progressive offers the option to combine other policies, such as home and motorcycle, auto and boat, or home and RV, resulting in additional discounts.
Single Deductible for Dual Coverage
When you bundle your home and auto insurance with Progressive, you have the advantage of paying only one deductible when a single event causes a loss covered by both policies. Typically, having separate policies with different companies would require paying two separate deductibles. This benefit is available when your homeowners insurance is underwritten by Progressive Home, one of the insurers in the Progressive network.
Convenience and Accessibility
Bundling your home and auto insurance with Progressive provides the convenience of managing both policies in one place. This makes it easier to adjust your coverage as your needs change. Progressive also offers online quoting tools, such as the ""Name Your Price" tool, which allows you to name your desired price and find coverage options within your budget.
Additional Discount Opportunities
In addition to the multi-policy discount, Progressive offers various other discounts for homeowners insurance. These include discounts for safety and alarm systems, such as burglar and fire alarms, automatic sprinklers, and security cameras. Florida residents may also qualify for extra discounts by complying with wind mitigation requirements and having a Florida Building Code-certified roof.
By taking advantage of bundling discounts and exploring other available discounts, Progressive customers can make their homeowners insurance more affordable while enjoying the convenience of having their insurance needs met by a single provider.
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New home discount
Progressive offers a range of discounts to its customers, one of which is the New Home Discount. This discount is for customers who are purchasing a new home or switching from a current renters insurance policy. The newer the home, the bigger the discount. Progressive does not specify the exact amount of this discount, but insurance.com estimates it to be 68%.
Progressive also offers discounts for bundling policies. Customers can bundle their home insurance with auto, motorcycle, boat, or RV insurance, and receive a discount on their auto policy. Progressive estimates this discount to be 7% on average, while insurance.com estimates it to be slightly lower at around 6%. Customers can also save by bundling their auto insurance with renters insurance, which is a great way to lower the cost of renters insurance.
Progressive also offers discounts for safety and alarm systems, including burglar and fire alarms, automatic sprinklers, security cameras, and security systems. Customers can also save by obtaining a quote at least 10 days in advance of their policy start date.
Additionally, Florida residents may qualify for extra discounts if their residence complies with wind mitigation requirements and has been fitted with Florida Building Code-certified roofs and/or wind mitigation updates.
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Discounts for safety features
Progressive offers a range of discounts for safety features that can help reduce the cost of homeowners insurance. Here are some of the key safety feature discounts offered by Progressive:
Alarm Systems and Security Measures
Progressive offers discounts for alarm systems, including burglar and fire alarms. These safety measures not only protect your home but also help reduce your insurance costs. By installing and maintaining these alarm systems, you can take advantage of the discount opportunities provided by Progressive.
Automatic Sprinklers
Another safety feature that qualifies for a discount is the installation of automatic sprinklers. This discount recognizes the added protection against fire damage that sprinklers provide. By having automatic sprinklers in your home, you can not only increase your safety but also lower your insurance premiums.
Security Systems and Cameras
Progressive also offers discounts for security systems and cameras installed in your home. These safety features provide additional protection against intruders and can help deter burglaries. By investing in these security measures, you can enhance the security of your home while also benefiting from reduced insurance rates.
Florida Wind Mitigation Discount
For Florida residents, Progressive offers a specific discount related to wind mitigation. If your home has been fitted with Florida Building Code-certified roofs and wind mitigation updates, you may qualify for this discount. This discount recognizes the reduced risk of wind-related damage to your home and can result in significant savings on your homeowners insurance.
New Home Discount
Progressive also provides a substantial new home discount, which can be as high as 68% according to some sources. The newer your home is, the larger the discount you may receive. This discount takes into account the reduced risk of maintenance issues and certain types of damage that are typically associated with newer homes.
By taking advantage of these safety feature discounts, you can make significant savings on your homeowners insurance with Progressive. These discounts not only reward you for taking proactive measures to protect your home but also help make insurance more affordable. Remember to ask about specific discount availability and requirements when obtaining a quote from Progressive.
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Discounts for paying upfront
Progressive offers a discount on homeowners insurance when you pay for your 12-month policy upfront. The amount of discount you receive depends on the age of your home, with newer homes receiving larger discounts. Florida residents may qualify for an extra discount if their homes have been fitted with Florida Building Code-certified roofs and/or wind mitigation updates.
In addition to this, Progressive offers a range of other discounts on homeowners insurance. One of the largest is the new home discount, which can be as high as 68%. You can also save money by bundling your homeowners insurance with other policies such as auto, boat, RV, or motorcycle insurance. Progressive customers save an average of 7% when they bundle home and auto insurance. You can also get a discount by obtaining a quote at least ten days before your policy starts.
Progressive offers discounts on safety and alarm systems, including burglar and fire alarms, automatic sprinklers, security cameras, and security systems. Florida residents can also save money by complying with wind mitigation requirements.
Progressive also offers discounts on auto insurance, such as a discount for full-time students who maintain a "B" average or better, and for homeowners who insure their cars with Progressive. You can also save money by setting up automatic payments or by paying in full.
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Florida Wind Mitigation discount
Progressive Home Insurance offers a range of discounts to its customers, one of which is the Florida Wind Mitigation discount. This discount is applicable to Florida residents who have wind loss mitigation or windstorm/hurricane coverage on their homeowners' policy.
The Florida Wind Mitigation discount is designed to encourage homeowners to take proactive measures to protect their homes from wind damage, especially in the event of a hurricane or strong winds. By following the Florida Building Codes and implementing wind loss mitigation methods, residents can qualify for an extra discount on their insurance policy. This includes specific construction features such as roof covering, roof deck attachment, roof-to-wall connections, opening protection, roof shape, and secondary water resistance.
To qualify for the Florida Wind Mitigation discount, a wind mitigation inspection may be required. This inspection, completed by a qualified and/or licensed inspector, evaluates the specific elements of a home and/or roof to determine its resilience against adverse weather conditions. While it is not mandatory for property insurance in Florida, it can offer significant savings on homeowners' insurance policies.
For homes built after 2002, Progressive offers default credits on the homeowners' policy, with the possibility of additional discounts. Even residences constructed before 2002 may qualify for the Florida Wind Mitigation discount, subject to a Florida Wind Mitigation Inspection Form completed by a qualified inspector.
By taking advantage of the Florida Wind Mitigation discount, Florida residents can not only reduce their insurance costs but also enhance the protection of their homes against potential wind damage.
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Frequently asked questions
The largest discount Progressive offers is the new home discount, which can save you 68% on your premium.
Progressive customers save an average of 7% when they bundle home and auto insurance. Progressive also offers multi-policy discounts for bundling RV, boat, motorcycle, and more.
Progressive offers discounts for safety and alarm systems, including burglar and fire alarms, automatic sprinklers, security cameras, and security systems. You can also get a discount by obtaining a quote at least 10 days in advance of your policy start date and by going paperless and receiving policy documents by email.
You can get a free, personalized quote for Progressive homeowners insurance online. Progressive also offers a unique quoting tool called Name Your Price, where you can name the price you want to pay, and Progressive will attempt to find coverage to meet your price.
Progressive offers home insurance in 48 states, although coverage is not available in some parts of Florida, and they recently stopped writing new policies in Texas.
