Progressive vs. MetLife Renters Insurance in 2024 (Side-by-Side Comparison)
Progressive vs. MetLife renters insurance offers plans starting at $12/mo for Progressive and $15/mo for MetLife. Progressive offers customizable coverage and bundling discounts. Meanwhile, MetLife provides extensive claims support and identity theft protection, suited for comprehensive security needs.
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Ty Stewart
Licensed Insurance Agent
Ty Stewart is the founder and CEO of SimpleLifeInsure.com. He started researching and studying about life insurance when he got his first policy for his own family. He has been featured as a life insurance expert speaker at agent conventions and in top publications. As an independent licensed life insurance agent, he has helped clients nationwide to secure affordable coverage while making the...
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UPDATED: Dec 14, 2024
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Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies 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 insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Dec 14, 2024
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 company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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13,128 reviewsCompany Facts
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977 reviewsProgressive and MetLife renters insurance offers solid coverage for personal property, liability and loss of use, providing renters with essential coverage.
Progressive has flexible policies and gives discounts for bundling, while MetLife scores well for its claims process and coverage options.
Progressive vs. MetLife Renters Insurance Rating
| Rating Criteria |  |  |
|---|---|---|
| Overall Score | 4.4 | 4.2 |
| Business Reviews | 4.0 | 4.0 |
| Claim Processing | 3.5 | 3.3 |
| Company Reputation | 4.5 | 4.0 |
| Coverage Availability | 5.0 | 5.0 |
| Coverage Value | 4.2 | 4.0 |
| Customer Satisfaction | 4.1 | 4.0 |
| Digital Experience | 4.5 | 4.0 |
| Discounts Available | 5.0 | 5.0 |
| Insurance Cost | 4.3 | 4.1 |
| Plan Personalization | 4.5 | 4.0 |
| Policy Options | 5.0 | 4.7 |
| Savings Potential | 4.5 | 4.4 |
| Progressive Review | Metlife Review |
Both provide extras like identity theft and natural disaster protection, highlighting key reasons why you need renters insurance. This guide outlines these features so you can prioritize and choose the coverage that best fits your needs.
Protect your rental insurance by comparing policies with our free tool—just enter your ZIP code to explore Progressive and MetLife renters insurance options.
- Progressive covers property, liability, and bundles from $12/month
- MetLife offers claims support and loss of use coverage from $15/month
- Compare identity theft protection, discounts, and services to decide
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Compare Affordable Renters Insurance: Progressive vs. MetLife
If you’re looking at renters insurance from Progressive and MetLife, it stands out for its efficient claims processing and wide coverage options, making it a competitive choice for renters of all age groups. Progressive tends to offer slightly cheaper options overall, though the costs are higher for younger renters—like 16-year-olds, who are seen as riskier to insure.
Progressive vs. MetLife Renters Insurance Monthly Rates by Age & Gender
| Age & Gender | | |
|---|---|---|
| Age: 16 Female | $28 | $33 |
| Age: 16 Male | $30 | $35 |
| Age: 30 Female | $20 | $25 |
| Age: 30 Male | $22 | $27 |
| Age: 45 Female | $18 | $22 |
| Age: 45 Male | $20 | $24 |
| Age: 60 Female | $17 | $21 |
| Age: 60 Male | $19 | $23 |
On the flip side, as people get older, those rates start to drop and level out, which is great news for older renters. Both companies provide competitive pricing for these age groups, so it’s worth taking a close look at your options. You might wonder if it is bad to cancel renters insurance. Understanding how factors like age influence premiums and the importance of consistent coverage can help you make the right decision.
Renters Insurance Showdown: Progressive vs. MetLife
Choosing between Progressive and MetLife for renters insurance means looking closely at what each offers and how it matches your needs. Progressive and MetLife renters insurance provide a solid base of coverage for personal property, liability, and living expenses if you need to move out temporarily, with extras like identity theft protection.
Chris Abrams Licensed Insurance Agent
To see which gives you the best bang for your buck, compare personalized quotes that take into account where you live, what you own, and your deductible choices. On top of that, both Progressive and MetLife are known for their strong customer service, which includes several ways to get in touch and a reputation for handling claims smoothly.
To make the best choice, think about which features matter most to you, like cost, liability insurance, or overall coverage, and how the company supports you when it counts. This way, you’ll feel confident knowing your renter’s insurance has you covered.
Exploring Renters Insurance: Progressive vs. MetLife
So when you’re comparing renters insurance options, knowing what each provider offers can help you make an informed choice. Here’s a closer look at what Progressive and MetLife cover. What Progressive Brings to Your Living Room:
- Customize Your Comfort: Customize your policy to fit the shape of your life. Set your liability and deductible amounts to comfortably match your practical needs and budget.
- Beyond the Basics: Progressive doesn’t just stop at the usual coverage. They toss in extra perks like identity theft protection and insurance for your furry friends’ mischief, giving you peace of mind in more ways than one.
- Wallet-Friendly: Progressive wants to keep its premiums affordable, so protecting your space doesn’t throw your budget out of balance.
- Bundle Up and Save: When you bundle your renters and auto insurance, Progressive offers discounts that sweeten the deal, keeping more money in your pocket.
- Help at the Ready: Known for responsive customer service, Progressive makes sure help is just a call or click away, whether you’re updating your policy or navigating a claim.
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What MetLife Offers to Renters
- Solid Foundations: MetLife covers the essentials—personal property, liability, and additional living expenses—with room to add coverage for your pricier possessions, like jewelry or high-end electronics.
- No Extra Charge for Peace of Mind: Every MetLife policy includes identity theft protection, safeguarding your digital life alongside your physical one.
- Tailor Made: With MetLife, you can customize coverage levels and deductibles to fit you potentially saving you money without sacrificing coverage, giving you peace of mind.
- Streamlined Claims: MetLife’s claims process is simple and easy to manage; it’s focused on resolving issues quickly and with as little fuss as possible.
- Support When You Need It: MetLife is proud to offer excellent customer service, giving you professional guidance whenever you need to make a decision regarding a policy or filing a claim.
Progressive and MetLife provide the best renters insurance policies, offering valuable protection and peace of mind. And, to ensure you get the coverage that feels like home, consider comparing their offerings.
Essential Guide to Choosing Renters Insurance: Progressive vs. MetLife
Progressive renters insurance covers theft and damage to personal items like electronics and furniture, and it includes liability protection for legal or medical bills if someone is injured in your rental. Progressive also provides loss-of-use coverage, which pays for alternative living arrangements if your rental is damaged and becomes uninhabitable.
MetLife renters insurance adds a unique benefit: identity theft protection with every policy at no extra cost. Their coverage ensures full replacement costs for stolen or damaged items without depreciation. For those with high-value belongings, MetLife allows policy customization to include extra protection for items such as expensive jewelry and advanced electronics.
When looking at the differences between renter’s insurance and landlord’s insurance on your primary residence, it’s about understanding who covers what. Renters insurance is your personal shield against in-house incidents, covering everything from individual items to potential accidents. Landlord insurance, however, secures the property owner against broader risks that come with renting out their space.
Progressive vs. MetLife: Consumer Satisfaction Compared
This table compares Progressive and MetLife renters insurance based on ratings from trusted agencies. MetLife leads in customer satisfaction with a J.D. Power score of 886, while Progressive scores 832. Both companies excel in business practices, earning an A+ from the BBB.
Insurance Business Ratings & Consumer Reviews: Progressive vs. MetLife
| Agency | | |
|---|---|---|
 | Score: 832 / 1,000 Avg. Satisfaction | Score: 886 / 1,000 Above Avg. Satisfaction |
 | Score: A+ Excellent Business Practices | Score: A+ Excellent Business Practices |
 | Score: 72/100 Avg. Customer Feedback | Score: 76/100 Good Customer Feedback |
 | Score: 1.11 Avg. Complaints | Score: 1.00 Avg. Complaints |
 | Score: A+ Superior Financial Strength | Score: A Excellent Financial Strength |
Progressive rates are better for financial strength (with an AM Best A+ versus an A for MetLife), and consumer reports polling slightly favor the latter for customer service, but NAIC figures show MetLife has far fewer complaints.
Additionally, J.D. Power and Associates insurance company ratings provide another benchmark for evaluating their offerings. These ratings are designed to showcase strengths to assist renters in selecting the correct one.
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How Progressive vs. MetLife Renters Insurance Compare in Market Share
A clear comparison of market shares in the renter’s insurance industry for Progressive, MetLife, and other providers. A respectable 7% for Progressive and a more modest 3% for MetLife. The other 90.3% is fragmented among other suppliers, a demonstration of the many companies competing for the vast proportion of customers.
That puts it in the competitive landscape of Progressive and MetLife being the big players, but the majority of the market is small or regional insurers, often tailored to specific service areas.
Choosing the Right Fit: Progressive vs. MetLife Renters Insurance
Progressive Renters Insurance policies begin at $12 per month, covering personal property, liability, and additional living expenses, with options for water backup and pet damage coverage. They offer customizable deductibles and coverage limits, catering to different budget needs, which is especially beneficial for renters seeking flexibility in managing pet liability insurance.
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MetLife Renters Insurance, starting at $15 per month, includes standard coverage for personal liability and loss of use, with additional customization available for extending coverage to meet specific needs, such as high-value item insurance.
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Both Progressive and MetLife excel in customer service and are straightforward to work with when you need to file a home insurance claim. They understand the complexities families and young professionals face today and provide robust solutions that ensure peace of mind in your rented home—because knowing you’re well-covered is essential, no matter where you are in life.
Pros and Cons of Progressive Renters Insurance
Progressive is one of a few renters insurance options to consider, especially for flexible and often cheap coverage. Here’s a breakdown of the strengths and weaknesses that are specific to their policy positions.
Pros
- Bundle Savings: Progressive really excels when you bundle renters with their auto insurance, as you’ll be receiving a higher reduction in price, which will make you save more on insurance overall.
- 24/7 Help: Customer service helps no matter what time of the day it is, which is a significant advantage in the case of urgent issues or claims at certain hours that are outside normal business hours.
- Adjustable Weights: Their various add-ons, including coverage for water damage from backed-up sewers and coverage for legal costs for libel or slander, help you get a policy exactly as you need.
Cons
- Inconsistent Service Quality: While many customers do express satisfaction, there are also reports of some unhappy experiences with customer service, which could influence your experience in the event of a claim or policy change.
- Rate Increases: Some customers have shared their policy rates increasing at renewal due to what may have been an unexpected price change that up-ends your budgeting.
Among the reasons for choosing Progressive are lower prices through bundling and customizable coverage options. An important caveat: Service may be sketchy, and rates are all over the place.
Consider these factors carefully and see if Progressive Insurance review & ratings align with what matters most to you in a renters insurance company.
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Pros and Cons of MetLife Renters Insurance
MetLife is a recognized name in the insurance field, and solid renters insurance coverage is available for varied needs. Here are some of the pros and cons to keep in mind if you’re considering getting a policy with MetLife.
Pros
- Comprehensive Standard Coverage: MetLife’s renter’s coverage includes a high level of standard protection, including personal property, liability, and loss of use, with strong foundation coverage.
- Replacement Cost Coverage: One of their highlighted features is replacement cost coverage, meaning they will pay for the replacement of your items without depreciation deduction so you can fully replace your lost or damaged items.
- Efficient Claims Processing: Users say that MetLife’s claims process is relatively quick and hassle-free, which on its own can help ease the stress during times of loss.
Cons
- Higher Premiums: To provide such coverage, MetLife is usually pricier than some other carriers, which is a complicated product that not all consumers can afford to pay.
- Limited Discount Opportunities: MetLife also clearly offers fewer opportunities to place discounts on renters insurance than a few of its opponents, which could increase consumers’ total prices.
MetLife Insurance reviews and ratings indicate that, while the company provides high-quality coverage and straightforward claims processing, some potential buyers may find it pricier than expected and the available discounts limited.
Evaluating these advantages and disadvantages will help you determine if MetLife’s renters insurance aligns with your needs and budget, enabling you to make a well-informed choice.
Progressive vs. MetLife: Finding the Perfect Renters Insurance Match
Progressive and MetLife renters insurance provide coverage that gets the job done, but which one you choose depends on your priorities. While MetLife ranks best overall for claim efficiency and wide coverage options, Progressive is best for flexibility and customizable plans.
Maria Hanson Insurance and Finance Writer
Ultimately, both companies provide solid protection for your valuable belongings and peace of mind, so determining which one’s a better fit for your lifestyle comes down to comparing and contrasting things like coverage add-ons, service ease, and other individual priorities. Incorporating tools like insurance quotes online can further simplify the decision-making process.
Secure Progressive and MetLife renters insurance for your home by entering your ZIP code into our free quote comparison tool.
Frequently Asked Questions
What is typically not covered by renters insurance?
Renters insurance generally does not cover flood damage, earthquakes, or high-value items beyond policy limits. Understanding exclusions helps you avoid surprises when filing a claim and ensures you’re fully covered, even with Progressive discounts or MetLife policies.
Is Progressive good at paying claims?
Progressive has a solid overall customer satisfaction rating and a reputation for a simple claims process and speedy payments. Additionally, Progressive discounts, such as bundling renters and auto insurance, make it a popular choice for affordable, reliable coverage.
Does MetLife have renters insurance?
Yes, MetLife offers renters insurance with comprehensive coverage for personal property, liability, and loss of use. MetLife discounts are also available for bundling policies, safety features like smoke detectors, and being a loyal customer, making it a competitive option.
Why choose MetLife?
MetLife renters insurance is an excellent choice for its comprehensive standard coverage, efficient claims handling, and available MetLife discounts. Customers with good credit scores also benefit from competitive insurance rates by credit score, making it an attractive option.
What are the three major parts of a renters insurance policy?
The three main parts of renters insurance are personal property coverage, liability insurance, and loss of use coverage. These elements form the foundation of both Progressive and MetLife renters insurance policies, offering value enhanced by discounts and competitive rates.
Who is Progressive’s biggest competitor?
The biggest competitors to Progressive include MetLife, Geico, State Farm, and Geico renters insurance. These companies frequently compete in categories such as customer satisfaction ratings, insurance rates by credit score, and tailored coverage options specific to renters’ needs, highlighting the importance of understanding credit when comparing options.
Which insurance company has the fewest complaints?
Based on customer satisfaction ratings and complaint data, MetLife often reports fewer complaints than competitors. This highlights its strong focus on claims efficiency and customer service, making it a reliable choice for renters.
Find top policies like Progressive and MetLife renters insurance using our free comparison tool.
Does Progressive renters insurance cover floods?
Progressive renters insurance usually won’t cover flooding unless you buy a separate policy. Fortunately, Progressive discounts can lower the costs of add-on coverage, allowing you to obtain the optimum protection at the most affordable rates possible.
What is MetLife known for?
MetLife is known for its broad range of insurance products, including renters insurance. Its efficient claims processing and competitive customer satisfaction ratings set it apart, providing reliable protection and options such as MetLife discounts to reduce premiums.
What is Progressive Insurance best known for?
Progressive is best known for its competitive pricing, innovative online tools, and customer-friendly policies. Features like insurance rates by violation and Progressive discounts for bundling make it a top choice for renters looking for tailored solutions.
Is MetLife more affordable than Progressive?
How do you get a MetLife renters insurance quote?
When looking to compare car insurance quotes, you can easily begin with MetLife. Head over to their website, where you’ll find a straightforward quote tool. Just plug in your ZIP code along with some personal details, and you’ll receive a quote that’s tailored specifically to you. If you’re looking for a more personal connection, you might want to contact MetLife’s customer service or chat with a licensed insurance agent.
Is MetLife reliable for renters insurance?
MetLife is known for its reliability in the renter’s insurance sector. They tend to score high on customer satisfaction and produce solid coverage options that provide some coverage benefit, such as complimentary identity theft protection, that’s not often found with other carriers.
Whether you are worried about keeping your belongings safe or want legal coverage if someone else gets injured in your rental, MetLife’s policies help cover all of that and more. With proactive customer support and fast claims processing, they have built a reputation for being a dependable insurance provider.
Does Progressive have renters insurance?
Yes, Progressive offers renters insurance, often referred to as Progressive rental insurance or Progressive apartment insurance. With policies starting at around $12 a month, they offer cost-effective solutions for different types of residences.
Progressive renters insurance covers your personal property, personal liability, and additional living expenses if your rental isn’t livable. Be aware that rates may differ depending on the value of the items you want to insure, where you rent, and what deductible you select.
What does renters insurance from Progressive cover?
Renters insurance from Progressive is designed to safeguard your belongings and protect you from liability in your rental space. When searching for the best renters insurance for people living in apartments, consider Progressive.
Their policies cover personal property protection for stolen or damaged items, liability if someone is injured at your place, and loss of use if you must relocate temporarily due to covered rental damage. You can customize these policies with extras like water backup and pet damage coverage.
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Ty Stewart
Licensed Insurance Agent
Ty Stewart is the founder and CEO of SimpleLifeInsure.com. He started researching and studying about life insurance when he got his first policy for his own family. He has been featured as a life insurance expert speaker at agent conventions and in top publications. As an independent licensed life insurance agent, he has helped clients nationwide to secure affordable coverage while making the...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
