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Progressive Boat Insurance - Good / Bad

Old 03-05-2008, 05:53 AM
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Default Progressive Boat Insurance - Good / Bad

I just got a quote from Progressive and it was 1/2 of what State Farm will charge me onceI get my new boat. Am I missing something, is State Farm ripping me off that bad or does Progressive have a bad reputation whan it comes to claims?
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Old 03-05-2008, 06:07 AM
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Default RE: Progressive Boat Insurance - Good / Bad

My experience with them was fine. My Jupiter 31 was damaged beyond repair while being shipped to Hawaii. Progressive sent out a surveyor, got his report and wrote the check. It took about 6 weeks, but that was primarily because of the size of the claim, level of approval and signatures the check required. Everyone I dealt with was professional and courteous.

My new boar is insured with Progressive.
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Old 03-05-2008, 06:31 AM
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Default Re: Progressive Boat Insurance - Good / Bad

I have it for my cars and boat. wife backed into something and damaged our car. progressive took care of it better than previous encounters with state farm. We are happy with them. I say do it.
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Old 03-05-2008, 06:33 AM
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Default Re: Progressive Boat Insurance - Good / Bad

I go with Progressive and do a high deductible which goes down by 1/4 each year until it reaches zero...
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Old 03-05-2008, 06:39 AM
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Default RE: Progressive Boat Insurance - Good / Bad

It's weird how boat insurance quotes can be all over the place. I am currently with Travelers and was due to renew my policy on 3/3. My 2007 annual premium was $536. I did some shopping using identical coverage and checked with five different companies. I received a low quote of $378. and a high of $1550. The high quote came from Progressive. You might want to shop a bit more because I was amazed at the variance among companies.
The company that came in low insisted on a 2% deductable (currently have 1%) and had a "named storm" deductable of $2500. I was not interested in either restriction. I called my agent and mentioned that I was shopping prices and they offered to lower my 2008 premium with Travelers by 10% to $482. with no reduction in coverage. It really does pay to look around.
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Old 03-05-2008, 06:51 AM
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Default Re: Progressive Boat Insurance - Good / Bad

I have it and thankfully have never needed to use it. It was 1/3 cheaper than State Farm.
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Old 03-05-2008, 07:09 AM
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Default RE: Progressive Boat Insurance - Good / Bad

Progressive boat insurance is very good. I sell it and have serviced it. They handle claims quickly and reasonably. They are difficult to beat on price as well.

Statefarm was not even in the running for me. Allstate is trying to be competitive though, you might try them, or USAA if you have access.
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Old 03-05-2008, 07:28 AM
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Default Re: Progressive Boat Insurance - Good / Bad

I have Progressive. I have never filed a claim with them so I can't comment on their service as far has handling claims. The one issue I have with them is that they have raised their rates roughly 10% a year over the last three years for no reason what-so-ever. Neither my Wife or I had any tickets, filed any claims with any insurance. We both have perfect credit. I contacted them about it and they could not provide an explanation. Perhaps, it has something to do with all of the claims they had to pay out as a result of Katrina and other unfortunate disasters and if that was the case, I'd be fine with that, but at least give me some explanation.
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Old 03-05-2008, 08:14 AM
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Default Re: Progressive Boat Insurance - Good / Bad

I "had" Progressive, for my 05 F250 lariat Diesel, got into a front end accident, and went thru HELL with Prog. to get them to fix my truck. I had to complain, haggle, and argue to get them to give me OEM parts for this 50k vechile, where as they were trying to give me re manufactered parts!! The headlights didnt match, and the beam widths were diff.....the list goes on and on. It took me over 45days to get them to do what the should have done from the begining! Read you Policy!!! and get ready to fight! they actually tried to put a junkyard reman. bumper on my truck lol!
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Old 03-05-2008, 08:51 AM
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Default Re: Progressive Boat Insurance - Good / Bad

Price is only part of the policy. You need to look at off shore coverage, storm coverage & theft. Now look at ACV, replacement cost and salvage. Do not be fooled by just premium as you may have very little coverage for a low premium. I had Progressive they renewed with less coverage and higher premium so we parted. You are in Fl. so you need to look at the policy very carefuly as many carriers are not interested or are offering very little coverage as the storm and theft claims have been killing the market.
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Old 03-05-2008, 09:06 AM
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Default Re: Progressive Boat Insurance - Good / Bad

I have had progressive for 2-3- years and had a boat total loss last year . I had an agreed upon value on my boat that was too low (my fault) but I was satisfied with the way they handled the claim.
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Old 03-05-2008, 09:09 AM
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Default RE: Progressive Boat Insurance - Good / Bad

I have Progressive and their rates are decent. As far as claims go, ALL insurance companies are in business to take your money, not to pay claims. They will use any technicality to get out of paying a claim and often succeed. They are organized crime as far as I'm concerned, in New York, I refer to them as the 6th family.
1. Gambino
2. Genovese
3. Colombo
4. Bonanno
5. Lucchese
6. ALL insurance companies
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Old 03-05-2008, 09:50 AM
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Default Re: Progressive Boat Insurance - Good / Bad

I have progressive on my '07 Sea Hunt 22. It was by far the best rate. I'm only paying about $180/yr on it, $32K policy, stored on a lift just a couple minutes from the intracoastal. Great rate, plus I love the online account management.

I have never had a boat claim with them, but I did have them for my car when I got hit by a cell phoning bimbo. I went there prepared to fight for my cars value, but they handed me a check for $1K MORE than I was hoping for, so I just shut up and tried to get out of there as fast as I could. However, despite a clean record, my rates did creep up over time. I since switched to farmers for my cars/houses. But I was always happy with Progressive's service.

-Dave
'07 Sea Hunt 220
'04 Sea Ray 280DA


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Old 03-05-2008, 11:25 AM
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Default Re: Progressive Boat Insurance - Good / Bad

I just got a quote from Progressive on my boat. Same coverage, dropped the towing aspect since I have Sea Tow (its only 300 bucks coverage anyway) and got 5K in tackle and equipment replacement value added in which I did not have at State Farm. State Farm 905.00 a year. Progressive 705.00 a year.
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Old 03-05-2008, 11:36 AM
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Default Re: Progressive Boat Insurance - Good / Bad

I saved over $800 switching from boatus to progressive....sounds like a commercial....same basic policy...putting used/reman parts on cars/trucks is the norm in the industry unless your vehicle just left the showroom....so far so good with progressive....Mick
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Old 03-05-2008, 11:54 AM
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Default Re: Progressive Boat Insurance - Good / Bad

Switched this year. Prevous premium was $499 with a 3 month layup. Progressive premium is $199 with no layup. Duh!
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Old 03-05-2008, 01:06 PM
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Default Re: Progressive Boat Insurance - Good / Bad

It is NORMAL practice for an insurance company to replace your USED parts with USED parts from a salvage yard. Apples to Apples here....your parts are used, not new. It depends on the age and mileage of your vehicle wether or not you will get new OEM parts.

Always check your policy, no doubt. However, Progressive's policy is as good as most or better...for a better price.
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Old 03-05-2008, 01:23 PM
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Default RE: Progressive Boat Insurance - Good / Bad

Had a claim thru progressive and found the adjuster always available and willing to pay additional claim for damage not found till got boat back.
Thats the good. The bad was the repair facility they took the boat to took from Oct 06 thru Mar 07 to do repairs. NONE were structural. I went with whom they said, my mistake!
Secondly they did not raise my premium the next year, until I changed the location of the boat, they then tripled the rate.
The other thing you should know is, if you're honest and tell another company you're attempting to get a quote from that you had a claim in the last three years, they turn you down!!!!
LD
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Old 03-05-2008, 01:24 PM
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Default Re: Progressive Boat Insurance - Good / Bad

Jko2004@knology.net

Man...thats a long moniker!

Do you know if Progressive limits their boat coverage to $100,000.?

Ken
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Old 03-05-2008, 02:12 PM
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Default Re: Progressive Boat Insurance - Good / Bad

Red Neck 25 - 3/5/2008 1:24 PM

Jko2004@knology.net

Man...thats a long moniker!

Do you know if Progressive limits their boat coverage to $100,000.?

Yeah, I don't know how to change the name.

Progressive has been changing their boat guidelines lately. They will now insure, on new business, boats up to 50' & valued up to $175,000....They have expanded their appetite quite a bit. Opens up some options for you guys with bigger boats.

Hope this helps.

Jimmy
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