Progressive Insurance is a large insurance company based in the United States. It is the third largest insurance carrier in the country and the number one commercial auto insurer. It was founded in 1937 by Jack Green and Joseph M. Lewis. Its headquarters are in Mayfield Village, Ohio. The company provides a wide range of insurance products and services.
The company offers several ways to save money on auto insurance. The Progressive Snapshot program, also known as usage-based insurance, allows policy-holders to pay according to how much they drive each year. On average, policyholders can save $146 per year by joining this program. They also have the option of paying their premium monthly, although they will miss out on the pay-in-full discount, which typically covers six months.
While Progressive is best known for its innovative auto insurance, it writes a variety of risk classes including commercial auto, personal lines, and property. It sells direct to consumers and through independent insurance agencies. In the United States, Progressive has more than 30,000 insurance agencies. The company was founded in 1937 by Joseph Lewis and Jack Green, two attorneys. They later formed Progressive Casualty Company in 1956, which specialized in writing high-risk auto insurance.
In a survey of car insurance companies, Progressive placed last among the top 10 companies for customer loyalty. Only 33% of respondents and 30% of claimants said they would recommend Progressive to others. This is below the industry average. Overall, this company offers a range of discounts and strong digital policy management options.