Progressive Insurance is one of the country’s largest property and casualty companies. As an underwriter, administrator, and marketer of car insurance, like any large business Progressive its share of avid fans and vocal naysayers.
This Progressive auto insurance review offers basic information necessary to determine if the company’s products and services match the customer’s insurance needs.
Though the company sells some commercial insurance, Progressive’s primary business focuses upon individual or family “high risk” insurance. The non-standard driver has a history of moving violations or auto accidents within the past three to five years. Non-standard auto insurance premiums account for approximately 60% of the Progressive’s annual revenues.
A network of almost 30,000 independent insurance agents and brokers to market Progressive’s insurance and services. Independent agents and brokerages present a variety of car insurance quotes to clients. Comparing quotes, the customer evaluates and selects the best insurance match. The independent insurance agent or broker earns a commission when the customer makes premium payments.
Progressive also markets directly to customers. If a prospective customer requests an auto insurance quote from Progressive by telephone, mail or through the company’s website, and later requests a Progressive quote from an independent agent, the customer may receive different cost estimates. That’s why two different independent agents may offer different estimates for similar Progressive insurance coverage!
Progressive customer reviews found online sometimes complain about the company’s high costs of car insurance. It’s important to note that an auto insurance quote isn’t identical to an offer of coverage from Progressive or any insurance company. The prospective client should use car insurance quotes as an indication of costs. Submitting to the underwriting process is the only way to determine the actual cost of insurance.
Who hasen't seen Progressive's Flo?
The quirky and memorable television character (Flo – see Twitter , Youtube and Facebook ) , in Progressive’s ads offers to compare the variable insurance company carrier costs, and concludes that customers save money with Progressive Insurance. The advertisement favors Progressive’s premium rates. Prospects and customers should understand that Progressive isn’t required to provide another insurance company’s most favorable auto insurance rates. Customers shopping for new auto insurance should request quotes from a field of insurance companies. Auto insurance premiums are calculated on a large number of variables.
Progressive’s Board Chairman, Peter Lewis, enthusiastically endorses the legalization of medicinal marijuana. In May 2011, Lewis presented a preliminary proposal to the Ohio State Legislature, according to the Columbus “Dispatch.” Lewis believes that legalizing the use of marijuana by seriously ill persons would generate much-needed tax revenues while alleviating patients’ pain and suffering.
Progressive customer reviews sometimes say that Progressive drivers pay higher costs for insurance. Non-standard drivers pay higher premiums than standard and premium-rate drivers. Insurance companies assume higher than average risk to insurance when insuring these drivers. Regardless of the driver’s history, comparing insurance quotes helps any driver identify the best insurance coverage at the lowest possible price.