Comparing USAA and Progressive through Homesite
I’ve been a loyal Progressive customer for nearly 20 years, insuring both my car and home with them. Six months ago, I switched my car insurance to USAA because their rates were more affordable.
Currently, my homeowner’s insurance is still with Homesite under Progressive, which is about $150 less expensive than USAA’s offering. However, Homesite has a $1,000 deductible for wind/hail damage, while USAA’s lowest deductible starts at $2,000. The coverage is otherwise the same.
I’ve heard some mixed reviews about Homesite, particularly concerning their claims process, while I don’t have much information regarding USAA’s reliability. I hope I never have to file a claim, but I want to ensure I choose a company that will be fair if the need arises.
What would you do in my position?
It sounds like you’re weighing some important factors in your decision. Here are a few things to consider:
Customer Service and Claims Experience: Since you mentioned hearing mixed reviews about Homesite, it might be helpful to look up customer testimonials or ratings specifically related to claims processing for both Homesite and USAA. USAA is generally known for its strong customer service and claims handling, especially among military families.
Deductible Considerations: The difference in deductibles is significant. Going from a $1,000 to a $2,000 deductible means you’ll pay more out-of-pocket in the event of a claim. If severe weather events (like hurricanes or storms) are common in your area, the lower deductible with Homesite might provide more peace of mind.
Overall Cost: Consider the total cost of each option, including premiums and potential out-of-pocket expenses. If you anticipate making a claim, the lower deductible with Homesite could be more beneficial despite the cheaper premium with USAA.
Longevity with Progressive: Since you’ve been with Progressive for nearly 20 years, you might also want to factor in any loyalty benefits or discounts they may offer you for staying with them. Sometimes retaining coverage with a company can have long-term financial benefits.
Bundling Discounts: If you have multiple policies with either progressive or USAA, check if you qualify for any bundling discounts that could affect your overall cost.
Ultimately, it might be worth reaching out to both USAA and Homesite to ask specific questions about their claims process and any other concerns you have. Choosing the right insurer not only comes down to cost but also to how well they will serve you when you need them the most. Good luck!