Progressive Insurance is a company that offers auto insurance to people throughout the United States. The company is the third largest carrier in the nation, and it is the number one commercial auto insurer in the country. It was founded in 1937 by Jack Green and Joseph M. Lewis, and it is headquartered in Mayfield Village, Ohio.
Progressive is best known for its innovative auto insurance policies. It was the first insurance company to offer drive-in claims service, and it was the first to allow consumers to pay premiums in installments. The company also expanded its offices in downtown Cleveland. In 1955, Joseph Lewis died, and Jack Green took over as CEO. Lewis’ son, Peter, joined the company in 1956. In 1957, the company launched the Progressive Casualty Company to write insurance for high-risk drivers.
With this program, policyholders can get discounts on their premiums and avoid rate increases. The company claims that 2 out of every 10 drivers experience rate increases during their lifetime. The company also provides different types of coverage, including for home and life. The insurance company collects data on the amount of premiums paid each year. The company also offers a mobile app.
While shopping for auto insurance, it is important to compare prices and coverage limits. It is also important to look at the company’s customer service. If you’re dealing with a company that has a high complaint rate, this may be a sign of poor service. Progressive had fewer complaints than expected in this survey.