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Progressive vs. State Farm Home Insurance

Homeowners insurance prevents you from having to pay for expensive repairs out of pocket when the unexpected occurs. Learn about the plans, prices, and reputations of two of the biggest names in the industry in this Progressive vs. State Farm home insurance comparison.

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Both Progressive and State Farm homeowners insurance policies offer the six industry-standard types of coverage. However, State Farm has more overall coverage options, while Progressive has more affordable insurance rates.

To learn more about the characteristics of each company and determine which one offers the best homeowners insurance, read our Progressive vs. State Farm home insurance comparison.

For free home insurance quotes in your area, call 855-948-5219 or enter your zip code in our free quote tool:

Progressive vs. State Farm Home Insurance Comparison

Provider Progressive State Farm
Provider Progressive State Farm
Other structures coverage limits* 10% of dwelling 10% of dwelling
Personal property coverage limits* 70% of dwelling 50% of dwelling
Monthly price** $83 $122
Discounts available 7 3
Unique add-ons Personal injury Energy efficiency upgrade, service line
Customer service 24/7 Hours vary by department
BBB rating A+ A+

*State Farm coverage information according to The Zebra

**Based on sample quotes our team received

Progressive vs. State Farm Home Insurance Coverage Comparison

Progressive and State Farm have standard home insurance policies that include dwelling, other structures, personal property, loss of use, liability, and medical payments to others coverage. However, State Farm offers more add-on options than Progressive.

Progressive Coverage

To determine your dwelling coverage, Progressive uses the rebuilding cost of your home, which is generated by asking you questions about how your house was built. A percentage of dwelling coverage is then used for other structures, personal property, and loss of use protection.

Progressive Coverage Amounts

Type of Coverage Coverage Options
Type of Coverage Coverage Options
Other structures 10% of dwelling
Personal property 70% of dwelling
Loss of use 30% of dwelling

Note: Our team was unable to receive liability, medical payments, and deductible coverage options over the phone. We recommend reaching out to Progressive to learn more about your options.

Progressive offers two endorsements for more comprehensive coverage:

  • Personal injury
  • Water backup

State Farm Coverage

Similar to Progressive, State Farm uses your home’s rebuilding cost for dwelling coverage and a percentage of dwelling coverage for other structures, personal property, and additional living expenses coverage.

State Farm Coverage Amounts

Type of Coverage Coverage Options
Type of Coverage Coverage Options
Other structures 10% of dwelling
Personal property 50% of dwelling
Loss of use 20% of dwelling

Note: These figures are based on a sample quote our team received from State Farm. To compare your coverage options, contact your local State Farm agent.

Here’s a list of State Farm endorsements you can add to your policy:

  • Earthquake
  • Full replacement cost
  • Energy efficiency upgrade
  • Water backup and sump pump overflow
  • Personal injury
  • Cyber event, identity restoration, and fraud loss
  • Home systems protection
  • Off-premises structures
  • Adult daycare
  • Depreciated loss
  • Service line

Progressive vs. State Farm Home Insurance Cost Comparison

The national average for homeowners insurance was $101 per month in 2017, according to the Insurance Information Institute. However, this figure may vary by person and by home. Here are a few factors that may affect your insurance premium:

  • Credit score
  • Claims history
  • Square footage of your home
  • Condition of your roof

We requested insurance quotes from Progressive and State Farm to see how they compare to the national average.

Progressive Cost

Progressive estimated our rebuilding cost to be $285,000, which was then used to calculate dwelling, other structures, personal property, and loss of use coverage. We selected standard liability, medical payments, and deductible amounts.

Progressive Cost Breakdown

Type of Coverage Amount of Coverage
Type of Coverage Amount of Coverage
Dwelling $285,000
Other structures $28,500
Personal property $199,500
Loss of use $85,500
Liability $300,000
Medical payments to others $1,000 per person
Deductible $1,000
Monthly cost $82.92

Here’s a list of the discounts you may be eligible for from Progressive:

  • Bundle homeowners and auto insurance
  • Home alarm systems and safety devices
  • Quote in advance
  • New home purchase
  • Pay in full
  • Receive documents by email
  • New home construction

State Farm Cost

State Farm’s quote process looks similar to Progressive’s and includes questions related to the rebuilding cost of the home, followed by questions about liability, medical payments, and deductible amounts.

State Farm Cost Breakdown*

Type of Coverage Amount of Coverage
Type of Coverage Amount of Coverage
Dwelling $250,000
Other structures $25,000
Personal property $125,000
Loss of use $50,000
Liability $300,000
Medical payments to others $1,000 per person
Deductible $1,000
Monthly cost $122

*Quote and pricing information according to The Zebra

State Farm offers three discounts to help customers lower their premium:

  • Multiple line
  • Home alert protection
  • Roofing

Our Conclusion

After reviewing Progressive and State Farm, we recommend Progressive for homeowners on a budget and State Farm for homeowners who need more coverage than what a base policy offers.

The sample quote we received from Progressive was lower than the national average and lower than Allstate, which is notable because the rebuilding cost with Progressive was higher. A higher rebuilding cost means you get more dwelling, other structures, personal property, and loss of use coverage at a lower rate.

The biggest drawback of Progressive is that it uses underwriting companies and acts as a third-party seller for those policies. For example, a Progressive policy in one state may not look the same as one in another because the underwriting company may be different in both states.

If you want more than the six main types of coverage provided in your homeowners insurance policy, State Farm may be a better option. The company has 11 endorsements, including the two that Progressive offers, and unique add-ons like service line and home system protection.

A major flaw that both companies share is the quote process. Neither company allows you to complete the quote process online. After answering questions about yourself and your home on each company’s website, you’re prompted to talk to an agent over the phone. Not only does this add time onto the quote process, but it also makes it difficult to quickly view your coverage amounts and endorsement options.

Before deciding which insurance carrier you want to purchase a policy from, get quotes from both companies by calling 855-948-5219 or entering your zip code in the tool below.

FAQs About Progressive and State Farm Home Insurance

How can I lower my home insurance rate?

Here are a few ways to save money on a policy:

  • Choose a higher deductible
  • Pay once, twice, or four times a year instead of every month
  • See if you’re eligible for any discounts offered by your insurance provider
  • Maintain a credit score above 700

Do I need to reapply for homeowners insurance every year?

Most of the time, you will qualify for re-enrollment for the policy you had the previous year. Here are a few situations where you or your provider may choose not to renew your policy:

  • You want more coverage and need a policy that offers more protection
  • You aren’t happy with your current provider’s customer service
  • You’ve moved in the last year
  • You filed too many claims in the last year
  • You failed to pay your premiums

Does homeowners insurance cover roof leaks?

Yes. If your roof leaks and causes water damage to your home, your insurance company will pay for any repair or replacement costs. However, your insurance company will likely not pay to replace the roof that caused the damage in the first place.

To share feedback or ask a question about this article, send a note to our Reviews Team at reviews@thisoldhousereviews.com.