Insurers don't determine your actual cash value (ACV) settlement based on what you owe, but rather on what the car is worth just prior to the accident. Let's say you owe $20,000 on your new car, but it's only worth about $16,000. If your car is totaled, you might get a settlement check of $16,000 but still owe an additional $4,000 on your loan or lease.
This might vary depending on your personal health and background, but generally this is an affordable company. We got roughly a dozen plan options in our queries, which we considered a decent selection. The company also offers home healthcare coverage, which is useful for older customers or those who have a chronic illness that could impact their ability to live alone. There aren't any short-term plans available though so this isn't the place to shop if you're between jobs or waiting for a new job's insurance to kick in. You also get access to wellness benefits like HumanaVitality, an online rewards program intended to help users develop healthy habits.
Progressive Home Advantage® policies are placed through Progressive Advantage Agency, Inc. with affiliated and third-party insurers who are solely responsible for claims, and pay PAA commission for policies sold. Prices, coverages, privacy policies, and PAA's commission vary among these insurers. How you buy (phone, online, mobile, or independent agent/broker) determines which insurers are available to you. Click here for a list of the insurers or contact us for more information about PAA's commission. Discounts not available in all states and situations.