Hippo, Progressive Embark on Strategic Distribution Relationship

Insurtech Hippo announced that its homeowners insurance products have been added to Progressive’s HomeQuote Explorer, available online and through Progressive in-house agents in eight states.

Hippo said the distribution relationship began earlier this year with Progressive Advantage Agency, Progressive’s in-house agency. The states where Hippo is available are Colorado, Georgia, Illinois, Ohio, Pennsylvania, South Carolina, Tennessee, and Texas.

Hippo gains access to Progressive’s broad distribution by offering its home protection with potential multi-policy discounts to consumers shopping with Progressive.

Related: Insurtech Hippo Full-Year Net Income Reverses 2024 Loss

“Progressive’s strong focus on technology and serving the broad needs of its customers complement our proactive and tech-driven approach to home insurance,” said Rick McCathron, president and CEO of Hippo. “Working with Progressive, Hippo can leverage data and technology to deliver more personalized coverage and a superior customer experience.”

Hippo’s work with Progressive builds on Hippo’s focused efforts to improve loss ratios through a disciplined, data-driven approach to underwriting. The collaboration leverages Progressive’s strong distribution capabilities and long track record of delivering an exemplary customer experience, while providing Hippo access to a large customer base aligned with its underwriting appetite.