It is one of the largest vehicle insurance provider companies in the US. Known as The Progressive Corporation, the company came into existence in 1937 and since then has worked hard to establish itself as ‘Vehicle Insurance’ providers. Among the vehicles that the company provides insurance is done for commercial vehicles, cars, boats, RVs. Now, the company has extended its services to companies such as Australia.
By tying up with different companies, they have also started providing home insurance.
Jack Green and Joseph M Lewis are the co-founders of the company. Its HQ is in Ohio, US. As of 2016, the company has managed to generate $23 billion in revenues. The company has approx. 13 million policies are currently going on. In the Fortune 500 list, the company was ranked at 161.
The Progressive agency offers its services through phone, internet or private practising insurance agents. It has around 30k independent insurance agencies listed under it. They have given the customers an option to choose the policies that they like and hence contact the agent. The company also offers covers to the pet that gets injured in an accident. They get collision coverage with no extra charges.
The company has advertised itself well by explaining insurance benefits to the people. The company had launched first of its kind initiative in 2007 to offer car insurance online.
Products and Services:-
Progressive offers the following services to its customers-
- Car Insurance
- Home Insurance
- Renters Insurance
- Condo Insurance
- Insurance Bundles
- Motorcycle Insurance
- Boat Insurance
- RV Insurance
- Life Insurance
- Pet Insurance
- Commercial Insurance
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