Lemonade vs Progressive Renters Insurance — Which Is Better?
Lemonade renters insurance starts at $5/mo (rated 4.5/5), while Progressive starts at $10/mo (rated 3.8/5). Both cover personal property up to $100K.
| Feature | Lemonade | Progressive |
|---|---|---|
| Monthly Cost | $5–$25 | $10–$25 |
| Coverage | $10K–$100K | $10K–$100K |
| Deductible | $250, $500 | $500 |
| Rating | 4.5/5 | 3.8/5 |
| Best For | Tech-savvy renters who want fast claims... | Budget-conscious renters who want to set... |
Lemonade highlights
- AI-powered claims processed in minutes
- Giveback program donates unused premiums
- No-paperwork signup in under 2 minutes
- Zero-deductible option on some policies
Progressive highlights
- Name Your Price tool for budget-based shopping
- Multi-policy discount with auto
- Online claims filing
- Coverage for personal property in storage units
The verdict
Choose Lemonade if...
Tech-savvy renters who want fast claims and a low starting price. Standout advantage: cheapest starter price at $5/mo.
Choose Progressive if...
Budget-conscious renters who want to set a price and find matching coverage. Standout advantage: name your price lets you set a budget first.
More comparisons
●Frequently Asked Questions
Frequently Asked Questions
Is Lemonade or Progressive cheaper for renters insurance?
Lemonade is typically cheaper. Lemonade starts at $5/mo while Progressive starts at $10/mo. Actual pricing depends on your location and coverage amount.
Which is better — Lemonade or Progressive renters insurance?
It depends on what you need. Lemonade (4.5/5) is best for tech-savvy renters who want fast claims and a low starting price. Progressive (3.8/5) is best for budget-conscious renters who want to set a price and find matching coverage.
Does Lemonade or Progressive have better claims?
Lemonade has the higher customer satisfaction rating at 4.5/5. Lemonade's key advantage: cheapest starter price at $5/mo. Progressive's key advantage: name your price lets you set a budget first.
Can I switch from Lemonade to Progressive mid-lease?
Yes. You can switch renters insurance providers at any time — there's no penalty. Cancel your current policy after the new one is active to avoid a coverage gap.
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DepositHawk is not a law firm and does not provide legal advice. Information and documents are for informational purposes only. No attorney-client relationship is created. Consult a licensed attorney for advice specific to your situation.