Progressive Preferred Insurance Company Review (2024)

Progressive Preferred Insurance Company offers a comprehensive suite of insurance solutions, providing policyholders with customizable coverage options, competitive rates, and a commitment to customer satisfaction reflected in its A+ A.M. Best rating.

UPDATED: Apr 23, 2024Fact Checked

Laura D. Adams

Insurance & Finance Analyst

Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...

Insurance & Finance Analyst

Daniel Walker

Licensed Insurance Agent

Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...

Licensed Insurance Agent

UPDATED: Apr 23, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

UPDATED: Apr 23, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Apr 23, 2024Fact Checked
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Progressive Preferred Insurance Company

Average Monthly Rate For Good Drivers

$100

A.M. Best Rating:

A+

Complaint Level:

Low

Pros

  • Wide range of insurance options
  • Competitive rates for auto insurance
  • Excellent customer service
  • Customizable coverage plans
  • Strong financial stability

Cons

  • Limited availability in some regions
  • May not offer the absolute lowest rates for all individuals
  • Online tools could be more user-friendly
  • Some policyholders may experience rate increases over time
  • Limited international coverage for travelers

Progressive Preferred Insurance Company, a reputable player in the insurance industry, offers a comprehensive suite of coverage options, including auto, home, health, life, and more. With a rich history and an A+ A.M. Best rating, they provide competitive rates, enticing discounts, and excellent customer service.

Policyholders can customize their coverage to meet their specific needs, and the company’s commitment to customer satisfaction is reflected in its low complaint level. From safe driver and multi-policy discounts to good student and loyalty rewards, Progressive Preferred helps customers save while securing their future.

Whether it’s protecting vehicles, homes, or health, Progressive Preferred Insurance Company stands as a reliable choice for insurance needs.

Progressive Preferred Insurance Company Insurance Coverage Options

Progressive Preferred Insurance Company offers a wide range of coverage options to meet the diverse needs of their policyholders. Here is a bullet list of some of the coverage options they provide:

  • Auto Insurance: Comprehensive coverage for vehicles, including liability, collision, and comprehensive coverage.
  • Home Insurance: Protection for your home and personal belongings, including coverage for damage, theft, and liability.
  • Health Insurance: Health coverage plans that cater to different health care needs, including medical, dental, and vision insurance.
  • Life Insurance: Life insurance policies to secure your family’s financial future in the event of your passing.
  • Umbrella Insurance: Additional liability coverage that extends beyond your standard policies, providing extra protection.
  • Renters Insurance: Coverage for tenants, protecting their personal property and providing liability coverage.
  • Motorcycle Insurance: Insurance specifically designed for motorcycle owners, including coverage for injuries and property damage.
  • Boat Insurance: Coverage for watercraft, protecting against accidents, theft, and liability on the water.
  • RV Insurance: Insurance for recreational vehicles, ensuring protection while traveling and camping.
  • Pet Insurance: Policies to cover veterinary expenses and medical care for your beloved pets.
  • Business Insurance: Insurance solutions for businesses, including commercial property, liability, and workers’ compensation coverage.
  • Travel Insurance: Coverage for travelers, including trip cancellation, medical emergencies, and baggage protection.

Please note that the specific coverage options and details may vary, and it’s essential to consult with Progressive Preferred Insurance Company directly or visit their website for the most accurate and up-to-date information regarding their insurance offerings.

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Progressive Preferred Insurance Company Insurance Rates Breakdown

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Driver ProfileProgressive Preferred InsuranceNational Average
Clean Record$71$119
1+ Ticket$100$147
1+ Accident$125$173
DUI$225$209
Poor Credit$122$205

*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver

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Progressive Preferred Insurance Company Discounts Available

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DiscountsProgressive Preferred Insurance
Anti Theft13%
Good Student18%
Low Mileage14%
Paperless9%
Safe Driver26%
Senior Driver14%

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Progressive Preferred Insurance Company offers various discounts to help policyholders save on their insurance premiums. Here is a bullet list of some common discounts that the company may provide:

  • Multi-Policy Discount: Save by bundling multiple insurance policies, such as auto and home insurance, with Progressive Preferred.
  • Safe Driver Discount: Enjoy reduced rates if you have a clean driving record with no accidents or violations.
  • Good Student Discount: Students with good grades often qualify for discounts on auto insurance.
  • Defensive Driving Course Discount: Completing an approved defensive driving course can lead to lower premiums.
  • Anti-Theft Device Discount: Installing anti-theft devices in your vehicle can result in discounts on comprehensive coverage.
  • Home Safety Features Discount: If your home is equipped with safety features like smoke detectors or security systems, you may receive a discount on home insurance.
  • Payment Discounts: Some insurers offer discounts for policyholders who opt for electronic payments or pay their premiums in full.
  • Loyalty Discounts: Long-time customers who renew their policies with Progressive Preferred may be eligible for loyalty discounts.
  • Safe Home Discount: Discounts may be available for homeowners who maintain a claims-free history.
  • Low Mileage Discount: If you drive fewer miles annually, you could save on your auto insurance rates.
  • Pay-in-Full Discount: Paying your insurance premium in full at the beginning of the policy term may result in a discount.

Please keep in mind that the availability and specific terms of these discounts can vary by location and may change over time. To get the most accurate and up-to-date information on these discounts, it’s advisable to check with Progressive Preferred Insurance Company directly or visit their website.

How Progressive Preferred Insurance Company Ranks Among Providers

Progressive Preferred Insurance Company faces competition in the insurance industry from several key competitors, each offering its own set of strengths and unique selling points. Here are some of the main competitors in the insurance market:

  • State Farm: State Farm is one of the largest insurers in the United States, known for its extensive agent network and a wide range of insurance products, including auto, home, and life insurance. They emphasize personalized service and have a strong presence in local communities.
  • Geico: Geico is renowned for its catchy advertising campaigns and competitive rates. They specialize in auto insurance but also offer other coverage options, including home and renters insurance. Geico’s online and phone-based approach appeals to tech-savvy customers.
  • Allstate: Allstate is known for its diverse range of insurance products, including auto, home, life, and more. They often highlight their claim satisfaction guarantee and offer various discounts. Allstate has a strong network of local agents and a robust online presence.
  • Nationwide: Nationwide offers a broad spectrum of insurance options, emphasizing its commitment to protecting what matters most to customers. Their products include auto, home, pet, and specialty insurance. Nationwide has a strong focus on customer service.
  • Liberty Mutual: Liberty Mutual provides a wide variety of insurance products, including auto, home, and renters insurance. They are recognized for their customizable coverage options and multiple discount opportunities.
  • Farmers Insurance: Farmers Insurance serves customers with a range of insurance products, including auto, home, and business insurance. They have a strong presence through local agents and emphasize customer education.
  • USAA: USAA primarily serves military members and their families, offering a wide range of insurance and financial services. They are known for excellent customer service and specialized coverage options tailored to military needs.
  • Travelers: Travelers offers diverse insurance products, including auto, home, and business insurance. They focus on risk management and often work with businesses of all sizes to provide comprehensive coverage.

These are just a few of the prominent competitors in the insurance industry. Each of these companies has its own unique strengths, customer base, and approach to providing insurance coverage.

Progressive Preferred Insurance Company competes by offering its own distinct features, such as a wide range of coverage options, competitive rates, and a strong online presence. Customers often choose their insurer based on their individual needs and priorities, making the insurance market highly competitive and diverse.

Read More: American States Preferred Insurance Company: Customer Ratings & Reviews

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Delve Into Progressive Preferred Insurance Company’s Claims Process

Ease of Filing a Claim

Progressive Preferred Insurance Company offers a streamlined and user-friendly claims process to make it convenient for their policyholders. Customers have multiple options for filing a claim, including online, over the phone, and through mobile apps.

This flexibility ensures that policyholders can choose the method that suits them best, whether they prefer the convenience of digital channels or a more traditional approach.

Average Claim Processing Time

One of the critical aspects of any insurance company’s performance is the speed at which they process claims. Progressive Preferred has earned a reputation for efficient claim processing. Policyholders can expect their claims to be handled promptly, reducing the stress and inconvenience that often accompany insurance claims.

Customer Feedback on Claim Resolutions and Payouts

Customer satisfaction with claim resolutions and payouts is a significant indicator of an insurance company’s reliability. Progressive Preferred Insurance Company has a history of satisfied customers who appreciate their fair and prompt claim resolutions.

Policyholders often provide positive feedback about the company’s responsiveness and willingness to support them during challenging times.

Progressive Preferred Insurance Company’s Digital and Technological Features

Mobile App Features and Functionality

Progressive Preferred Insurance Company offers a feature-rich mobile app designed to enhance the customer experience. The app provides policyholders with convenient access to their insurance information, including policy details, billing, and claims status.

It also includes helpful tools like digital ID cards and a claims submission feature, making it easier for customers to manage their policies on the go.

Online Account Management Capabilities

Policyholders can take full control of their insurance policies through Progressive Preferred’s robust online account management platform. This platform allows customers to view and update their policy information, make payments, and track claims all in one place. The user-friendly interface ensures that managing insurance policies online is a hassle-free experience.

Digital Tools and Resources

Progressive Preferred goes beyond traditional insurance by offering a variety of digital tools and resources to assist customers in making informed decisions. These resources include educational articles, interactive tools for policy customization, and access to insurance experts.

The company’s commitment to digital innovation ensures that policyholders have the support and information they need to protect their assets effectively.

In today’s fast-paced digital world, the convenience and efficiency of these digital and technological features make Progressive Preferred Insurance Company a competitive choice for insurance coverage.

Frequently Asked Questions

What types of insurance does Progressive Preferred offer?

Progressive Preferred offers auto, home, health, and life insurance policies.

Can I customize my insurance coverage with Progressive Preferred?

Yes, you can tailor your coverage to suit your specific needs.

What is Progressive Preferred’s A.M. Best rating?

Progressive Preferred Insurance Company holds an impressive A+ rating from A.M. Best, indicating strong financial stability.

How does Progressive Preferred handle customer complaints?

The company maintains a low complaint level, reflecting its commitment to customer satisfaction and efficient claims processing.

Can I customize my insurance coverage with Progressive Preferred?

Yes, Progressive Preferred allows you to tailor your coverage to suit your specific needs, ensuring you get the protection you require.

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Laura D. Adams

Insurance & Finance Analyst

Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...

Insurance & Finance Analyst

Daniel Walker

Licensed Insurance Agent

Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...

Licensed Insurance Agent

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

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