Progressive Auto Insurance Company Review
Progressive Auto Insurance Company is a well-known and reputable insurance company that provides automobile insurance to a large number of people in the United States. Read this Progressive Auto Insurance Company review to learn more about the company and see if they are a good fit to supply your auto insurance coverage.
Customers today have a lot of options when it comes to vehicle insurance, so they have to shop around a lot before picking. While some consumers prefer to deal with small insurance businesses, others prefer the concept of being covered by a national vehicle insurance company. Large auto insurance companies may have more money, which provides members peace of mind in knowing that they will be compensated in the event of an accident, and they may also have a larger workforce, which translates to faster claim processing. Progressive Automobile Insurance Company is a nationwide vehicle insurance company recognised for its advertising and excellent customer service. Progressive was founded in 1937 by two lawyers named Joseph Lewis and Jack Green with the sole objective of giving security and safety to car owners.Find additional information at San Angelo Insurance.
Innovation has always been a priority for the organisation, and they have continued to strive for it over the years. Progressive was the first company to offer a drive-through insurance claim service as well as the option of paying the premium in instalments, the latter of which drew in customers who couldn’t afford to pay the full amount in one go. In 1971, they became a publicly traded corporation and relocated their headquarters to Cleveland. By 1987, the company had reached the $1 billion mark in premiums, and it took them only seven years to reach the $2 billion mark. They continued to grow, and now they offer house and property insurance in addition to automotive insurance.
Between 1996 and 2005, the corporation grew at a rate of 16 percent per year, increasing its assets from $3.5 billion to $14 billion. Progressive is now one of the greatest insurance businesses in the United States, as well as the country’s third largest automotive insurance firm. Progressive Auto Insurance is expected to continue to grow, according to industry experts, and its A+ (Superior) rating from A.M. Greatest, which ranks Progressive as one of the best firms in terms of financial security and performance.