Progressive
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About Progressive
Progressive Corporation is the third-largest auto insurer in the United States and the largest provider of commercial auto insurance. Progressive insures over 28 million policies and is headquartered in Mayfield Village, Ohio. Founded in 1937, Progressive pioneered several insurance innovations: the first drive-in claims office (1937), comparative rate shopping (1994 — the first insurer to show competitor rates), and usage-based insurance via the Snapshot telematics program. Progressive's Snapshot program tracks driving behavior (speed, braking, time of day) via a plug-in device or app and rewards safe drivers with discounts up to 30%. The Name Your Price tool lets customers set a target price and see matching coverage options. Progressive also offers homeowners (through third parties), motorcycle, boat, RV, and commercial insurance. Progressive generated $62.1 billion in net premiums written in 2023, making it one of the fastest-growing major insurers. CEO Tricia Griffith has led the company since 2016.
Frequently Asked Questions
Is Progressive good insurance?
Progressive is a financially strong, reputable insurer (A+ AM Best rating) with innovative products and competitive pricing, especially for high-risk drivers, motorcycles, and commercial vehicles. Claims handling receives average-to-above-average ratings. The Snapshot program can significantly lower premiums for safe drivers.
Progressive vs GEICO: which is cheaper?
It depends on your profile. GEICO is typically cheaper for drivers with clean records and good credit. Progressive is often cheaper for drivers with accidents or violations, young drivers, and those who qualify for Snapshot safe-driving discounts. Always get quotes from both — differences of $200-500/year are common.