Protect Your Florida Home with Progressive Insurance

Navigating Florida’s Changing Insurance Landscape

Progressive homeowners insurance Florida continues to be available in 2024, though with significant changes. Here’s what you need to know:

• Current Status: Progressive insures over 200,000 homes in Florida but is non-renewing approximately 100,000 policies in 2024
• Affected Policies: Primarily DP3 policies (47,000) and high-risk properties (53,000)
• Average Cost: $229.13 monthly or $2,749.56 annually as of 2023
• Availability: Still writing new policies for qualifying homes
• Alternatives: Loggerhead Insurance offering replacement coverage for affected homeowners

Florida’s property insurance market is experiencing turbulence. While Florida may seem like a tropical paradise, the reality includes torrential downpours and high winds year-round, with hurricane season bringing additional risks from June through November. These weather patterns, combined with increasing population growth (5% from 2020 to 2023) and over 10 million housing units, have created challenging conditions for insurers.

For homeowners facing non-renewal notices or shopping for new coverage, understanding the current Progressive landscape is crucial. In 2022, Progressive was paying out $1.17 for every dollar collected in premiums – one of the worst loss ratios in the state – which ultimately led to their portfolio rebalancing strategy.

I’m Rob Macoviak, President of Oyer, Macoviak and Associates, and I’ve been helping Florida homeowners steer the complexities of Progressive homeowners insurance Florida since taking over our Boynton Beach insurance office in 2006.

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Understanding Progressive Homeowners Insurance Florida Landscape

The Progressive homeowners insurance Florida world has been riding a rollercoaster lately. While Progressive remains one of America’s insurance giants, Florida’s unique challenges have forced them to make some tough calls that affect homeowners across the Sunshine State.

Does Progressive offer homeowners insurance in Florida today?

Yes! Despite what you might have heard about cutbacks, Progressive is still very much in the Florida homeowners insurance game in 2024. They currently protect more than 200,000 homes throughout the state.

“Progressive remains committed to the Florida market,” a company spokesperson recently shared. “We’re taking measured steps to rebalance our portfolio while continuing to serve a significant number of Florida homeowners.”

If you’re shopping for coverage, Progressive offers several policy types in Florida. Their HO-3 policies cover most primary residences with comprehensive protection. For rental properties, vacation homes, or older homes that don’t qualify for standard coverage, they offer DP3 policies. They also provide specialized policies for condo owners and renters.

While they’re still writing new policies, Progressive has definitely become pickier about which homes they’ll insure. They’re looking closely at roof age, how your home is built, and especially how close you are to coastal areas where storms hit hardest.

Recent changes & 100,000 non-renewals—what happened?

Early 2024 brought unwelcome news to many Florida homeowners’ mailboxes. Progressive began sending out about 100,000 non-renewal notices—nearly half of their Florida customers—leaving many wondering what happened.

The non-renewals specifically target two groups:

1. About 47,000 DP3 policies (typically covering rental properties, seasonal homes, or homes with older roofs)
2. Approximately 53,000 policies in high-risk coastal zones with liftd hurricane exposure

This wasn’t a decision made lightly. In 2022, Progressive was bleeding money in Florida, paying out a staggering $2.17 for every dollar they collected in premiums. No business can sustain that kind of loss ratio for long.

Bradenton retiree Ira Kasdan spoke for many when he received his non-renewal: “These are no-name carriers, companies you’ve never heard of,” he said about the replacement options initially presented to him.

To soften the blow, Progressive partnered with Loggerhead Reciprocal Interinsurance Exchange, a Tampa-based insurer, to offer replacement coverage to many affected policyholders. In many cases, the coverage and deductibles closely match what people had with Progressive.

Florida-specific risks that drive Progressive decisions

Florida’s unique risk profile makes insurance companies sweat. Several factors make our state particularly challenging:

Windstorms and hurricanes constantly threaten Florida’s extensive coastline. The 2022 and 2023 hurricane seasons alone caused billions in insured losses. According to the National Hurricane Center, Florida has taken direct hits from 120 hurricanes since 1851—more than any other state.

Flooding concerns add another layer of complexity. While standard homeowners policies (including Progressive’s) don’t cover flooding, many Florida homes need separate flood insurance, adding cost and complexity to homeowners’ insurance portfolios.

Litigation climate in Florida has historically been a nightmare for insurance companies. Recent legislative reforms aim to address excessive lawsuits, but the damage to the market continues to impact rates and availability.

These combined factors have forced Progressive to carefully balance their desire to serve Florida homeowners against the very real financial risks of our beautiful but storm-prone state. For homeowners concerned about their coverage options, our professionals at Oyer, Macoviak and Associates can help steer these choppy insurance waters with access to over 30 A-rated carriers.

Is Progressive Home Insurance Leaving Florida? has more details on the current situation and what it means for policyholders.

Costs, Premium Factors & Savings Opportunities

If you’re shopping for Progressive homeowners insurance Florida coverage, you might experience a bit of sticker shock. The average policy runs about $229.13 monthly or $2,749.56 annually as of 2023. This is higher than what you’d pay in many other states, but there’s a good reason – Florida’s unique weather challenges and coastal exposure simply create more risk.

When Progressive calculates your premium, they look at several key factors that can either help or hurt your wallet:

Your dwelling value sets the foundation for your rate – this isn’t your market value but rather what it would cost to rebuild your home from scratch. Your location plays a huge role too, with coastal ZIP codes typically commanding higher premiums than inland areas.

“The difference between a beachfront property and one just 10 miles inland can be dramatic,” says Rob Macoviak, President of Oyer, Macoviak and Associates. “We’ve seen premiums vary by thousands of dollars based on location alone.”

Homes with concrete block construction often fare better rate-wise than wood frame homes, while roof characteristics matter tremendously. A newer roof with a hip design (sloped on all sides) can save you significantly compared to an older gable roof (with two slopes).

Your insurance score – which factors in credit history and past claims – also influences your premium, as does your choice of deductibles. Higher deductibles mean lower premiums, but remember you’ll pay more out-of-pocket when storms strike.

Florida homeowners face a unique consideration with hurricane deductibles. Unlike your standard deductible, these are calculated as a percentage of your dwelling coverage – typically 2%, 5%, or 10%. For a $300,000 home with a 2% hurricane deductible, you’d need to cover the first $6,000 in hurricane damage before your insurance kicks in.

What makes Progressive homeowners premiums rise or fall?

Your claims history significantly impacts your rates. Multiple claims within a short period can trigger substantial increases, and even a single large claim might raise eyebrows at renewal time.

“We always recommend thinking twice before filing smaller claims,” notes our claims department manager. “If the damage is just slightly above your deductible, it might be worth handling it yourself rather than risking a premium increase of 15-30% at renewal.”

The year your home was built matters too. Newer construction (2002 or later) automatically receives wind mitigation credits in Florida, reflecting updated building codes that make these homes more resilient.

Installing safety devices like burglar alarms, smoke detectors, and water leak detection systems can lower your premium while protecting your family. These small investments often pay for themselves through insurance savings.

Broader market conditions affect everyone regardless of personal claims experience. When reinsurance costs rise (that’s the insurance that insurance companies themselves purchase), those increases get passed down to policyholders. Recent legislative reforms in Florida aim to stabilize rates eventually, though immediate relief has been limited.

Discounts you can still grab in 2024

Despite Florida’s challenging insurance climate, Progressive still offers valuable ways to save:

Bundle auto and home policies to enjoy an average 7% discount on your auto coverage. This popular option also simplifies your insurance management with fewer bills and contacts.

Installing home security systems with central monitoring not only protects your family and possessions but can also trim your premium. The same goes for smoke detectors and sprinkler systems.

The quote-in-advance discount rewards planners – request your quote at least 10 days before you need coverage to start, and you’ll see additional savings. Recently purchased a home? Ask about the new purchase discount that could lower your initial premium.

Perhaps the most significant savings opportunity comes through Florida Wind Mitigation credits. While homes built after 2002 automatically receive these discounts, older homes can qualify by making specific improvements:

“A proper wind mitigation inspection is like finding money in your walls,” explains our property insurance team. “The inspection costs around $150 but can save homeowners hundreds or even thousands annually.”

Qualifying improvements include installing hurricane straps or clips to secure your roof, adding a secondary water barrier underneath roofing materials, upgrading to impact-resistant windows or hurricane shutters, and reinforcing garage doors. These modifications not only save money but also better protect your home when storms strike.

For more information about potential savings, check out our guide to Homeowners Insurance Discounts.

Coverage Types & Add-Ons Built for the Sunshine State

When it comes to Progressive homeowners insurance Florida policies, you’ll find several standard coverages plus Florida-specific options designed with our unique sunshine state risks in mind.

Your standard Progressive policy typically includes six core protections: Dwelling coverage (A) to protect your home’s structure; Other structures (B) for those detached garages and sheds; Personal property (C) to cover your belongings; Loss of use (D) which helps with temporary housing if disaster strikes; Personal liability (E) for protection when someone gets hurt on your property; and Medical payments (F) for smaller guest injuries.

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Not all homes are created equal, and neither are Progressive’s policy options:

The HO-3 Special Form serves as the gold standard for most owner-occupied homes. It gives you “open perils” coverage on your dwelling (which means everything’s covered except what’s specifically excluded) while providing “named perils” protection for your personal belongings.

If you own a rental property, vacation home, or an older house that doesn’t qualify for an HO-3, the DP3 Dwelling Fire policy might be your solution. Just be aware – this is one of the policy types Progressive has been heavily non-renewing lately.

One client recently shared their experience: “Our beach condo had been insured with Progressive for eight years without a single claim. The non-renewal came as a shock, but our agent helped us find comparable coverage with another carrier.”

For condo owners, the HO-6 Condo policy fills the gaps between your personal property and what the condo association’s master policy doesn’t cover. And if you’re renting, the HO-4 Renters policy protects your personal property and liability without covering the building itself.

Essential endorsements every Florida homeowner should consider

Living in Florida means facing some unique challenges, which is why certain additional coverages are worth considering:

Flood insurance tops the list because standard policies simply don’t cover flooding – period. Whether you choose National Flood Insurance Program (NFIP) coverage or a private flood insurance option, this protection is crucial, especially in our flood-prone areas.

That diamond engagement ring or valuable art collection? Consider scheduled personal property coverage to properly protect high-value items that exceed your standard policy limits.

Florida’s building codes have strengthened significantly over the years, which makes ordinance & law coverage particularly important. It covers the additional costs to rebuild your home to current codes after a covered loss – something that can add thousands to your rebuilding costs.

With our heavy rains, water backup coverage provides peace of mind against damage from backed-up sewers, drains, or failing sump pumps. And in today’s digital world, identity theft protection helps cover costs associated with recovering from identity theft.

Leveraging Florida Wind Mitigation for extra protection & savings

Here’s where Florida homeowners have a unique opportunity to both strengthen their homes against our notorious winds and save substantially on insurance premiums.

The Florida Wind Mitigation program rewards homeowners for specific construction features that make homes more resistant to wind damage. These include a newer roof covering that meets current building codes, proper roof deck attachment, hurricane clips or straps connecting your roof to walls, hip roofs (which perform better than gable roofs in high winds), a secondary water barrier under your roof covering, and impact-resistant windows or hurricane shutters.

To claim these valuable credits, you’ll need a wind mitigation inspection from a licensed inspector. The resulting form (OIR-B1-1802) is your ticket to premium discounts.

“We’ve seen wind mitigation credits reduce premiums by 15-40% for many of our clients,” notes our property insurance team at Oyer, Macoviak and Associates. It’s one of the most effective ways to lower your insurance costs in Florida.”

For more details about Progressive’s offerings, check out Does Progressive Do Home Insurance in Florida? on our website.

What To Do If You Receive a Progressive Non-Renewal Notice

If you’ve found that dreaded Progressive homeowners insurance Florida non-renewal letter in your mailbox, take a deep breath. You’re one of roughly 100,000 Florida homeowners in the same boat, and there’s a clear path forward to keeping your home protected.

Non-renewal is different from cancellation – your policy remains active until its expiration date. Progressive must give you at least 120 days’ notice before your coverage ends, which gives you plenty of time to find a new insurance home.

“Many homeowners feel blindsided by these notices, but there’s actually a silver lining in that four-month window,” shares Rob Macoviak from our Boynton Beach office. “That’s more than enough time to find comparable or even better coverage if you start the process right away.”

Step-by-step action plan

When that non-renewal notice arrives, here’s your roadmap to staying protected:

First, confirm the notice details carefully. Check when your coverage officially ends and look for any specific reasons Progressive has given for the non-renewal. This information will be valuable when shopping for new coverage.

Next, contact your insurance agent immediately. If you work with an independent agent like our team at Oyer, Macoviak and Associates, we can quickly help you understand all your options and start looking for replacement coverage that matches your needs.

If your non-renewal mentions specific home conditions like roof age, consider requesting a home inspection or making necessary improvements. Sometimes addressing these issues can open doors to better coverage options or premiums.

Don’t settle for the first quote you receive. Shop multiple carriers to compare coverage details, limits, deductibles, and premiums. An independent agent can do this legwork for you, presenting you with several options that fit your specific situation.

Make sure you secure new coverage before your Progressive policy expires. Even a single day without homeowners insurance can create problems with your mortgage lender and potentially lead to higher premiums when you do find coverage.

Finally, notify your mortgage company about your insurance change. Your lender will need proof of continuous coverage, and you’ll want to make sure any escrow adjustments happen smoothly.

Replacement options & how they compare

Florida homeowners have several paths forward after receiving a non-renewal notice:

Loggerhead Reciprocal Interinsurance Exchange has partnered with Progressive to offer replacement policies to many affected customers. This Tampa-based insurer often provides comparable coverage and deductibles to your original Progressive policy, making for a relatively smooth transition.

When Mary from Sarasota received her non-renewal, she was initially worried: “I thought finding new insurance would be a nightmare, but my agent helped me transition to Loggerhead with similar coverage and only a slight premium increase.”

Citizens Property Insurance Corporation serves as Florida’s “insurer of last resort” when private market options aren’t available. While Citizens was historically less expensive, recent rate increases have made them less competitive in some areas. They do, however, remain a reliable option for properties that other carriers won’t insure.

Many private market carriers continue to write Florida homeowners policies. At Oyer, Macoviak and Associates, we work with over 30 “A” rated carriers to find appropriate coverage options custom to your specific situation.

For homes that don’t fit standard market guidelines, surplus lines insurers can provide alternatives. While these carriers aren’t subject to the same state regulations as admitted insurers, they can offer viable coverage when standard options aren’t available.

When evaluating replacement options, pay close attention to the insurer’s financial stability (check AM Best and Demotech ratings), coverage limits and exclusions, deductible structure (especially hurricane deductibles), claims handling reputation, and of course, premium costs – both initial and projected increases.

The non-renewal process might feel overwhelming, but with the right guidance, you can find solid replacement coverage that protects your Florida home and gives you peace of mind for the years ahead. At Oyer, Macoviak and Associates, we’ve been helping homeowners steer these transitions since 1953, and we’re ready to put that experience to work for you.

Is Progressive Insurance Homes in Florida?

Getting a Quote, Switching, and Staying Covered

Shopping for Progressive homeowners insurance Florida doesn’t have to be complicated, whether you’re looking for your first policy or need replacement coverage after receiving a non-renewal notice.

Progressive’s HomeQuote Explorer tool lets you compare rates from multiple insurers in one convenient place. That said, many Florida homeowners find that working with an independent agency provides more personalized guidance and opens doors to options they might not find on their own.

How to get a Progressive quote in minutes

Ready to explore what Progressive can offer for your Florida home? You’ve got several user-friendly options:

Online through Progressive’s website, you can access their HomeQuote Explorer tool anytime day or night. It’s perfect for those late-night insurance research sessions when questions about your coverage keep you awake.

If you prefer a human touch, call Progressive directly at 1-855-347-3939 to speak with their representatives who can walk you through the process.

Many homeowners find the most value by connecting with an independent agency like Oyer, Macoviak and Associates. “We don’t just provide a Progressive quote,” says Rob Macoviak, owner. “We compare it alongside options from our 30+ A-rated carriers to ensure you’re getting the right coverage at the best possible price.”

Before starting your quote, gather these essentials to streamline the process:

• Basic home details (construction year, square footage, building materials)
• Safety features (alarm systems, smoke detectors, water leak detection)
• Occupant information and any home-based business activities
• Recent claims history
• Your preferred coverage limits and deductible amounts

Switching from Progressive to another insurer without gaps

If you’re transitioning away from Progressive, follow these steps for a smooth, worry-free switch:

First and most importantly, secure your new policy before canceling your existing coverage. Having your new policy in hand gives you confidence and eliminates the risk of going unprotected.

“One mistake we see too often is homeowners canceling their current policy before the new one is actually in force,” shares our customer service team. “Even a single day without coverage can create headaches with your mortgage company and leave you vulnerable to uninsured losses.”

Time your new policy to begin on the same day your Progressive policy ends. This seamless transition ensures continuous protection without paying for double coverage.

Once your new policy is active, notify your mortgage company by sending them your new declarations page. They’ll update their records to show you’re meeting your insurance requirements.

Only after confirming your new coverage is in force should you request cancellation from Progressive. If you’ve paid in advance, they’ll refund the unused portion of your premium on a prorated basis.

Finally, follow up to confirm Progressive has processed your cancellation request and that your mortgage company has acknowledged your new coverage.

Comparing Progressive with other Florida insurers

When weighing Progressive against other Florida insurance options, consider these key factors:

Coverage breadth matters tremendously. Look beyond the premium and examine exactly what perils are covered and excluded. For example, some policies offer more generous coverage for pool enclosures or outdoor property than others.

Financial stability should be a priority in Florida’s volatile insurance market. Check ratings from agencies like AM Best and Demotech to ensure your insurer has the financial strength to pay claims after a major storm.

Claims handling reputation often reveals an insurer’s true colors. Research customer satisfaction scores and complaint ratios through the Florida Office of Insurance Regulation’s website.

While price competitiveness is important, don’t just compare initial premiums. Ask about historical rate increase patterns—some companies offer attractive introductory rates but implement steep increases at renewal.

Discount availability can significantly impact your bottom line. Progressive offers multi-policy discounts when bundling home and auto, but other insurers might provide unique savings opportunities for home security systems or wind mitigation features.

Consider policy servicing options like online account management, mobile apps, and customer service hours. These conveniences become particularly important when you need to make policy changes or file a claim.

At Oyer, Macoviak and Associates, we’ve helped thousands of Florida homeowners steer these comparisons since 1953. While Progressive works wonderfully for many clients, we’ve found the best carrier varies based on your home’s specific characteristics and your personal preferences. That’s why having access to over 30 quality insurers allows us to find the sweet spot where coverage, service, and affordability meet your unique needs.

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Frequently Asked Questions about Progressive Homeowners Insurance Florida

Is homeowners insurance required by law in Florida?

No, Florida state law doesn’t actually require you to have homeowners insurance. But here’s the reality check: if you have a mortgage (and most of us do), your lender absolutely will require it. It’s simply non-negotiable as part of your loan agreement.

Even if you’re one of the fortunate few who own your home outright, going without insurance in the Sunshine State is like swimming during a lightning storm – technically possible, but incredibly risky.

“I’ve personally witnessed too many uninsured homeowners face complete financial devastation after a loss,” shares our claims department manager at Oyer, Macoviak and Associates. “The savings from skipping insurance are quickly wiped out when you’re facing a $250,000 rebuild cost on your own.”

How does a separate hurricane deductible work?

When it comes to Progressive homeowners insurance Florida policies (and most Florida insurance), you’ll typically have two different deductibles:

1. Standard deductible: This applies to everyday claims like fire, theft, or that time your teenager accidentally backed into the living room wall. It’s usually a fixed dollar amount ($1,000, $2,500, etc.).
2. Hurricane deductible: This is the amount you’ll pay before insurance kicks in specifically for hurricane damage. Unlike your standard deductible, this one is calculated as a percentage of your home’s insured value – typically 2%, 5%, or 10%.

Let’s make this concrete: If your home is insured for $300,000 and you have a 2% hurricane deductible, you’ll be responsible for the first $6,000 in hurricane damage before your coverage begins working for you.

These hurricane deductibles are triggered when the National Weather Service declares a hurricane watch or warning for any part of Florida. They remain in effect until 72 hours after the last hurricane watch or warning ends – giving insurance companies a clear timeline for when this special deductible applies.

Can I still bundle home & auto if my Progressive home policy is non-renewed?

This question has been popping up constantly since the non-renewal notices started arriving in mailboxes. The short answer: yes, you can keep your Progressive auto insurance even if your home policy is non-renewed.

The catch? You’ll lose that nice multi-policy discount on your auto insurance, which typically saves Progressive customers about 7% on their car insurance premiums.

This creates an interesting decision point for Florida homeowners:

Option 1: Keep your Progressive auto policy (which might still be competitively priced even without the bundle discount) and find a new home insurer.

Option 2: Move both policies to a new carrier to maintain bundling discounts.

“We always recommend running the calculations both ways,” explains our personal lines team at Oyer, Macoviak and Associates. “Sometimes Progressive’s excellent auto rates still beat the competition even without the bundle discount. Other times, moving everything to a new carrier makes more financial sense.”

Many of our clients have found that keeping their Progressive auto insurance while placing their home coverage with another carrier through our agency gives them the best overall protection at the most reasonable price. With access to over 30 “A” rated insurance companies, we can help find the right combination for your specific situation.

Conclusion

The Progressive homeowners insurance Florida landscape continues to evolve with each passing hurricane season and legislative change. While Progressive’s decision to non-renew approximately 100,000 policies has certainly created waves in the market, they remain a significant player with over 200,000 Florida homes still under their protection.

For homeowners who received those dreaded non-renewal notices or anyone shopping for new coverage, there’s no need to steer these choppy waters alone. Florida’s insurance market, while admittedly challenging, still offers multiple pathways to secure solid protection for your home.

“What we’re seeing now is part of a market correction that’s painful but necessary,” says Rob Macoviak, owner of Oyer, Macoviak and Associates. “The good news is that options exist for virtually every homeowner, though they may look different than they did a few years ago.”

Here’s what Florida homeowners should remember:

Progressive continues to write new policies for homes that meet their updated underwriting guidelines. If your home has a newer roof, wind mitigation features, and isn’t in the highest-risk coastal areas, you may still qualify for their coverage.

The non-renewals primarily affect two groups: those with DP3 policies (often covering rental or seasonal properties) and homeowners in areas with liftd hurricane risk. If you fall into either category, working with an independent agent becomes even more valuable.

Wind mitigation credits remain one of the most powerful tools in your arsenal. These credits can slash premiums by 15-40% while simultaneously making your home more resistant to storm damage. The $150 inspection fee pays for itself many times over.

Working with professionals who have access to multiple carriers provides significant advantages. At Oyer, Macoviak and Associates, we can compare options from over 30 “A” rated insurers to find the best fit for your specific situation.

Bundling policies, even across different insurers, often makes financial sense. While keeping your auto and home with the same company typically provides the best discounts, sometimes mixing and matching (Progressive auto with another home carrier, for instance) delivers the optimal overall value.

The Florida insurance market has weathered many storms since our agency opened its doors in 1953. Through hurricanes, market cycles, and regulatory changes, our commitment to helping homeowners find appropriate coverage at reasonable rates has never wavered.

Whether you’re dealing with a Progressive non-renewal or simply looking for better coverage and rates, our team is ready to help ensure your Florida home remains properly protected against whatever Mother Nature has in store.

For more information about Progressive Insurance in Florida, visit our dedicated resource page.

Rob Macoviak( President )

Robert Macoviak is the President of Oyer, Macoviak and Associates. Oyer, Macoviak and Associates is the oldest independent insurance agency in Boynton Beach and has been in business since 1953. Oyer, Macoviak and Associates are vested members of the community who are committed to doing business face-to-face and being your insurance advocate in times of need.