Progressive Auto Insurance: Pioneers of the Snapshot Discount Insurance Model
AutoinsuranceEZ.com Rating:Lately, Progressive automobile insurance has probably been most well-known for their sassy insurance mascot, Flo: the fictional customer service representative with the teased-up hair and the zealous passion for insurance that might make some question her sanity. But the truth is that Progressive has been around since 1937. Today, they offer their customers not just automotive insurance, but also life insurance, health insurance, pet insurance, and everything in between. They are also well-known for their Snapshot discount program, which lets drivers with low mileage and safe driving habits lower their overall premiums.
Based on the ratings below, it isn’t difficult to see why Progressive has grown to be the large, well-established company that they are today. Their financial strength has earned an A+ “superior” rating from the reliable AM Best credit rating agency. They also have good customer service ratings from both JD Power and the NAIC.
|JD Power & Associates Rating||3 out of 5 (About Average)|
|NAIC||0.89 (Better than Average)|
With Progressive, there is a good variety of discounts you might be able to qualify for. In addition to the discounts listed in the chart below, you may also qualify for a homeowner discount, a continuous insurance discount, a paid in full discount, an automatic bill pay discount, or a good student discount. But not all discounts are available in all states, so it’s hard for Progressive to advertise them with complete accuracy. Your best bet is to contact a local Progressive insurance agent near you for full details:
|Discount Type||Discount %|
|Requesting an Online Quote||7%|
|Sign Documents Online||$50|
Like many insurance companies, Progressive offers you the insurance you need to drive legally, and also the optional coverage options you may want in order to optimize your property protection. With Progressive, you’ll start with the following coverages:
And if you have the additional funds, you may choose to add the following coverages to your policy:
Based on your specific circumstances, your insurance company may alter your monthly rates based on whether you have (or don’t have) a high-risk profile:
Progressive’s business model seems to charge drivers less based on a lower risk profile, and more based on a higher risk profile. Married homeowners are being charged less per person than single drivers, and senior drivers with more experience behind the wheel are being charged less still. But your quote will depend on other factors too, such as credit score and driving history.
|Attentive and responsive customer service||For families with teen drivers, Progressive will charge a fee for putting them on your policy as a non-driver|
|Reasonably priced rates for the level of service and convenience||Mixed reviews on the effectiveness of their Snapshot usage-based program|
|Up to 30% discount for safe drivers with Progressive’s Snapshot device|
Progressive presents drivers with more flexible options than most other major insurance carriers are willing to offer. However, based on their available discounts, it seems as though the only drivers who can really benefit are those who drive fewer miles and are lucky enough not to live in an area where hard breaking is not required in order to avoid accidents. Regardless, if you think Progressive might help you save money on your monthly premiums, it can’t hurt to compare their quotes to quotes from other local auto insurance providers near you.