Progressive Insurance is one of the most well-known insurance companies in the United States. The company has been in business for over 80 years and has become a leader in the industry. In this article, we will explore Progressive Insurance and what makes it stand out in the market.
History of Progressive Insurance
Progressive Insurance was founded in 1937 by Jack Green and Joe Lewis. The company was initially started to provide auto insurance to drivers who were considered high-risk. Over time, Progressive Insurance expanded its offerings and became a full-service insurance provider. Today, the company offers a range of insurance products including auto, home, renters, and commercial insurance.
Progressive Insurance’s Unique Selling Proposition
Progressive Insurance’s unique selling proposition is its ability to provide customers with an easy and streamlined insurance buying experience. The company offers a variety of tools and resources to help customers get quotes and purchase insurance online. Customers can also manage their policies and file claims through the company’s website and mobile app. This level of convenience and accessibility has made Progressive Insurance a popular choice for many consumers.
Progressive Insurance’s Coverage Options
Progressive Insurance offers a wide range of coverage options for its customers. The company’s auto insurance policies can be customized to meet the specific needs of each driver. Customers can choose from liability, collision, and comprehensive coverage, as well as add-ons such as roadside assistance and rental car coverage. Progressive Insurance also offers a variety of discounts, such as safe driver and multi-policy discounts, to help customers save on their premiums.
Customer Service and Claims Process
Progressive Insurance has a reputation for providing excellent customer service. The company offers a 24/7 claims service, which means customers can file a claim at any time of the day or night. The company also offers a variety of tools and resources to help customers track their claims and stay informed throughout the claims process. Additionally, Progressive Insurance has received high ratings from third-party organizations for its claims handling process and customer satisfaction.
| Type | Public company |
|---|---|
| Traded as | NYSE: PGRS&P 500 component |
| Industry | Insurance |
| Founded | March 10, 1937; 86 years ago |
| Headquarters | Mayfield Village, Ohio, U.S. |
| Key people | Lawton W. Fitt (Chairperson of the Board) Tricia Griffith (President and CEO) |
| Revenue | US$42.658 billion (2020) |
| Operating income | US$7.173 billion (2020) |
| Net income | US$5.704 billion (2020) |
| Total assets | US$64.098 billion (2020) |
| Total equity | US$17.038 billion (2020) |
| Number of employees | 55,000+ (2023) |
| Website | www.progressive.com |
Conclusion
Progressive Insurance is a top choice for consumers who are looking for a convenient and reliable insurance provider. The company’s focus on providing a streamlined insurance buying experience and excellent customer service has made it a leader in the industry. If you’re in the market for insurance, be sure to consider Progressive Insurance for your coverage needs.