Renters Insurance Comparison
Lemonade vs Progressive
Side-by-side comparison of Lemonade vs Progressive renters insurance — ratings, cost, coverage, customer experience, pros, cons. No sales pitch, just the research.
Quick verdict
Lemonade comes out clearly ahead Progressive in our overall scoring — but each carrier wins on different dimensions. See the breakdown below before deciding.
Head-to-head
Overall scores, key facts, and what each is known for.
| Lemonade | Progressive | |
|---|---|---|
| Overall score | 4.62 /5 ★★★★★ Highest overall | 4.20 /5 ★★★★★ |
| National rank | #1 | #6 |
| Avg. annual rate | $60 -40% | $120 -20% |
| Avg. monthly | $5 | $10 |
| Best for | Lemonade is the fastest renters insurance — quote and bind in under 90 seconds for as little as $5/month | Progressive is a renters insurance with easy bundling, online quotes, and HomeQuote Explorer comparison |
| Read full review | Lemonade review → | Progressive review → |
Rating breakdown
How each carrier scores on the dimensions we weight.
| Category | Lemonade | Progressive |
|---|---|---|
| Customer experience | 5.00 · #1 | 4.25 · #6 |
| Coverage breadth | 4.85 · #2 | 4.25 · #6 |
| Affordability | 5.00 · #1 | 4.55 · #4 |
Pros and cons, side by side
What each carrier wins on, and where each one falls short.
Lemonade
Full review →Pros
- Quote and bind a policy in under 90 seconds via mobile app
- AI Jim® can pay claims in as little as 3 minutes
- Giveback™ donates unused premiums to your chosen nonprofit
- Coverage starts at $5/month — among the cheapest nationally
- Strong bundling discounts for adding pet or homeowners coverage
Cons
- Not available in all states yet
- Limited add-on options compared to traditional carriers
- Underwriting can be strict for certain rental property types
- Less human support for complex situations
Progressive
Full review →Pros
- Easy bundle with Progressive auto insurance
- HomeQuote Explorer® comparison tool
- Online quote and binding
- Strong digital tools and self-service
- Underwritten by ASI — financially strong
Cons
- Coverage limits can be lower than dedicated renters carriers
- Customer satisfaction for renters less established
- Bundling discount weaker than some competitors
- Less specialized renters expertise than top carriers
Coverage at a glance
What each carrier offers in standard policies.
Lemonade
Lemonade offers a comprehensive coverage menu typical of major renters insurance carriers, with several add-ons that set it apart from competitors. The table below details the main add-ons available.
Add-on coverage
- Scheduled Personal Property — High-value items like jewelry, art, and electronics
- Earthquake Coverage — Damage from earthquakes (state-dependent)
- Water Backup — Damage from sewer or drain backup
Progressive
Progressive offers a comprehensive coverage menu typical of major renters insurance carriers, with several add-ons that set it apart from competitors. The table below details the main add-ons available.
Add-on coverage
- Personal Property Replacement Cost — Replaces items at today's value, not depreciated
- Scheduled Personal Property — High-value items above standard limits
The bottom line
Lemonade
Lemonade earns an overall score of 4.62/5 in QuoteYeti's renters insurance provider rankings. The carrier ranks #1 nationally, with particular strength in affordability.
Lemonade is best suited for renters who prioritize the lowest possible rate. Not available in all states yet is the most common drawback to weigh against the strengths.
As always, compare quotes from multiple insurers before committing. The right carrier depends on your specific profile — driving record, claims history, location, and coverage needs all shift the math.
Progressive
Progressive earns an overall score of 4.2/5 in QuoteYeti's renters insurance provider rankings. The carrier ranks #6 nationally, with particular strength in specific specialty areas.
Progressive is best suited for renters who want a balance of price and service from an established carrier. Coverage limits can be lower than dedicated renters carriers is the most common drawback to weigh against the strengths.
As always, compare quotes from multiple insurers before committing. The right carrier depends on your specific profile — driving record, claims history, location, and coverage needs all shift the math.
Before you decide
Rankings are a starting point — your profile decides the rest.
These scores reflect our editorial research across cost, coverage, and customer experience. The right carrier for you still depends on your record, location, and vehicle, so read the full reviews before you commit.