Allstate vs Progressive

Both companies have received high financial strength ratings, which indicates their financial stability. Most competitive insurance providers have high financial strength ratings.

With Allstate, you can benefit from online quotes and good discount opportunities. Allstate offers a discount for having multiple policies with the company, home safety features, setting up automatic payments, and being claim-free for a certain period of time. Allstate's 55 and retired discount makes its renters insurance policy advantageous for older adults.

Progressive also offers online quotes and similar discounts to Allstate. Through Progressive, you can benefit from a discount for bundling auto and renters insurance, opting for email documents over paper documents, and for paying for the policy in full. 

When you bundle policies with Progressive, you'll only have to pay one deductible if a single event is covered by both policies.

If you're switching insurance providers, you can further benefit from Progressive's discount for receiving a quote in advance of your current policy ending. Progressive also offers a discount for living in a secured or gated community. Progressive renters insurance is advantageous for people living in a secured or gated community.

While it's hard to go wrong when choosing between the Allstate and Progressive for renters insurance, each company's discounts offer advantages for different circumstances. Allstate's 55 and retired discount is advantageous for older adults. While Progressive's early quote discount is advantageous for people switching insurers. Progressive's secured or gated community is also helpful if you live in that kind of community.