The Progressive Corporation is an American insurance company that is one of the largest insurance carriers in the world and the number one commercial auto insurer in the United States. It was founded in 1937 by Jack Green and Joseph M. Lewis. It is headquartered in Mayfield Village, Ohio. The company has a reputation for offering competitive rates, excellent customer service and a broad range of insurance products.
Progressive Insurance offers a variety of policy types, including auto, life, renters, motorcycle, and boat insurance. The company also offers educational resources to help customers make informed decisions about the type of policy they need. Though the company does not underwrite its own life insurance, it places clients with various insurance companies that specialize in underwriting life insurance. Its products include term life, universal life, and whole life.
The company offers online auto insurance as well as a number of discount options that can save policyholders money. It also has a Name Your Price tool to help customers find the best rate for their policies. Customers can also save money with Progressive’s Snapshot option. In addition to providing discounts for its policyholders, Progressive also offers 24-hour customer service over the phone.
Progressive Insurance has a long history of innovation in the auto insurance industry. The company is credited for being the first to offer drive-in claims service, as well as premiums that can be paid in installments. In the 1950s, the company relocated to new offices in downtown Cleveland. In 1955, Jack Green became CEO of Progressive. In 1956, Peter Lewis joined the company. In 1957, the company launched the Progressive Casualty Company, which specializes in writing auto insurance for high-risk drivers.