- Averages $14–20/month — competitive mid-market pricing
- Best carrier for renters with prior claims — Progressive's pricing is less punishing than most competitors for a recent claim history
- NAIC complaint ratio 0.98 — near industry average; consistent across large policy volume
- Auto + renters bundle saves about 7% on renters — one of the stronger bundle discounts
- Name Your Price tool (from auto side) not available for renters — comparison shopping still requires direct quote
About Progressive renters insurance
Progressive is the third-largest personal lines insurer in the United States, primarily known for auto insurance. Its renters insurance product has grown significantly over the past five years as the company expands beyond auto. The core differentiator is Progressive's pricing model for non-standard risks: it's built a reputation as one of the most competitive carriers for drivers (and now renters) with prior incidents on their record.
Who Progressive renters insurance is right for
Progressive is the right choice for renters with a prior claim or adverse history who are finding other carriers expensive. Progressive's risk pricing tends to be more nuanced than carriers that apply blanket surcharges for any claims history — a single theft claim 18 months ago affects your Progressive quote less than it would at Allstate or Farmers. Current Progressive auto customers should always check the bundle price — the 7% renters discount stacks on an already-competitive auto rate.
How much does Progressive renters insurance cost?
Progressive renters insurance runs $14–20/month for standard coverage in most markets. For clean-history renters, this is competitive but not always the cheapest — Lemonade often prices lower. Where Progressive earns its keep is for renters with one prior claim or a gap in coverage history — the base rate in these scenarios is often 15–25% better than traditional carriers.
Availability: Nationwide. Best for: Prior claims, auto bundle.
Progressive renters insurance pros and cons
Pros
- More competitive pricing for renters with prior claims
- Strong auto bundle discount (7%)
- Near-average NAIC complaint ratio (0.98) at high volume
Cons
- Not typically the cheapest for clean-record renters
- Renters product less mature than Progressive's auto offering
- Name Your Price tool not available for renters policies
Bottom line: Progressive is the first call for renters who've had a prior claim and found other carriers expensive. For clean-record renters, Lemonade and GEICO are usually cheaper. If you have Progressive auto, bundle the renters — the 7% discount is among the better bundle offers.
Compare Progressive renters insurance rates by state
Frequently asked questions
How much is Progressive renters insurance?
Progressive renters insurance averages $14–$20/month for standard coverage ($20,000 personal property, $100,000 liability). Your exact price depends on your location, coverage amount, and deductible.
Is Progressive good for renters insurance?
Progressive has an NAIC complaint ratio of 0.98 — near industry average. Progressive is the first call for renters who've had a prior claim and found other carriers expensive. For clean-record renters, Lemonade and GEICO are usually cheaper. If you have Progressive auto, bundle the renters — the 7% discount is among the better bundle offers.
Does Progressive renters insurance cover water damage?
Progressive renters insurance covers sudden and accidental water damage — for example, a burst pipe or an overflowing appliance that damages your belongings. It does not cover flooding from external sources (rising water, storm surge), which requires a separate NFIP or private flood policy. Gradual leaks or slow seepage that you knew about are typically excluded as maintenance issues. Accidental overflow from a bathtub or sink in your own unit is generally covered.