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.
Progressive vs. State Farm Home Insurance Comparison
| Provider | Progressive | State Farm |
|---|---|---|
| Other structures coverage limits* | 10% of dwelling | 10% of dwelling |
| Personal property coverage limits* | 50% of dwelling | 70% of dwelling |
| Monthly price** | $83 | $122 |
| Discounts available | 7 | 3 |
| Unique add-ons | Personal injury | Energy efficiency upgrade, service line |
| Customer service | 24/7 claims, hours vary by department | 24/7 claims, 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. Note that Progressive uses underwriters to provide coverage. This means that coverage, limits, and the claims process may vary depending on who Progressive partners with to cover your home.
The table below highlights Progressive’s coverage amounts based on the quote our team received.
Progressive Coverage Amounts
| Type of Coverage | Coverage Options |
|---|---|
| Other structures | 10% of dwelling |
| Personal Property | 50% 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 |
|---|---|
| Other structures | 10% of dwelling |
| Personal Property | 70% 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 |
|---|---|
| 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 |
|---|---|
| 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.
Frequently Asked Questions
Our Rating Methodology
The This Old House Reviews Team is committed to providing comprehensive and unbiased reviews to our readers. This means earning your trust through transparency and having the data to back up our ratings and recommendations.
With that in mind, we created an objective rating system to score each home insurance company. Here’s what that review process looked like:
- We analyze the information on each company’s website. This allows us to determine what products and services are offered by each home insurance provider.
- We get a sample quote from the companies by either talking to a sales representative or by using the online quote tool. This tells us what a policy looks like and costs.
- We test customer service by talking to a company representative, finding out their hours of operation, and determining what technological features are available for customers.
- We update all of this information on a continuous basis, storing it in a proprietary database that allows us to compare dozens of home insurance companies against each other.
With this data, we created a rating methodology to score each home insurance company. Our rating system is a weighted, 100-point scale based on the following factors:
- Coverage (30): We rated home insurance companies higher if they offered the six main types of homeowner protection—dwelling, other structures, personal property, loss of use, liability, and medical payments to others coverage.
- State availability (7.5): Companies scored higher if they covered more states than their competitors.
- Customer service (15): This factor is based on our communications with the company representatives, as well as the companies’ claims and quotes processes, availability throughout the week, and customer service information found on their websites.
- Technology (12.5): Technology can increase the efficiency of filing and tracking home insurance claims. Companies scored higher if they had technology options like mobile apps and online chat functions.
- Reputation (20): We gauged trustworthiness based on years of experience and Better Business Bureau ratings.
- Additional benefits (15): Companies that offered optional features, like discounts and endorsements, scored higher than competitors that didn’t.
The This Old House Reviews Team has a full-time researcher who collects and regularly updates data points from every company to help us compare them on key factors such as coverage, service, and dependability.
To share feedback or ask a question about this article, send a note to our Reviews Team at reviews@thisoldhousereviews.com.