Progressive Current Rates, News & Information
Progressive Launches Social Responsibility Site
Posted in Auto Insurance , Progressive
March 8th, 2010
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Auto insurer Progressive has recently announced its plans to formally report its social responsibility efforts with its new website Progressive Together. The purpose of the auto insurers new website is to allow consumers and others to see how the company keeps pushing its Core Values, which include treating others as they would want to be treated.
Whats On the Site?
On Progressives social responsibility site, you could find some of the following information:
- Information on the companys business practices that are aimed at driving positive changes in car insurance.
- Charitable activities and contributions of Progressive employees, agents and other partners.
- Progressives Global Reporting Initiative scorecard and Carbon Disclosure Project report.
- Information and resources on how site visitors could personally make a difference in Progressives initiatives.
As noted by representatives of the auto insurer, Progressive Together makes it easy for people to get a clear picture of what the company is doing and how it is working with others to make a difference.
Other Progressive Changes
In recent months, Progressive has also been in the news for making adjustments to the way it offers auto insurance coverage. For instance, the company released its MyRate Program, which allows you to pay less for car insurance by charging only for the miles you drive.
In addition, the company offered the Name Your Price component that allows you to determine how much you want to pay for your coverage. Also, it recently launched a new mobile site that allows customers to take full advantage of the standard site on their mobile devices.
Will you check out the new Progressive social responsibility site?
Progressive Auto Insurance Launches New Mobile Site
Posted in Auto Insurance , Progressive
February 5th, 2010
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Major auto insurer, Progressive, has launched a new comprehensive website that is optimized for mobile users, as well as those using the free iPhone app. Progressive Insurance’s decision to upgrade was largely due to mobile phone user complaints that mobile web experiences are not as great as they could be. It’s also great to see the company listening to customer needs, and the Progressive mobile site works much better.
The New Site
There is no doubt that connecting to a site via a mobile phone very often offers a limited browsing experience. Many features are usually missing and some just don’t work as they should. However, according to Progressive, the new site will solve all of these problems and more.
Some of the features users of the iPhone app and mobile site will be able to enjoy include:
- Seeing crash test results and recall notices
- Comparing relative costs of insuring different cars
- Finding nearby agents’ offices on an interactive map
- Requesting quotes
- Watching Progressive TV commercials
- Making payments
- Seeing a copy of their insurance ID card
Other Features of the Site
Some other features of the new site include:
- Mobile alerts: As a policyholder, you could sign up to receive mobile alerts for payment information like due dates and electronic payment deductions.
- Claims reporting: If you have the iPhone app, it will send claims information directly to a Progressive claims representative who will work on it right away.
The new site is just one of many changes Progressive Insurance has made in the past year. It has also recently found success with its My Rate, Pay as You Drive and Name Your Price programs.
Are you looking for free insurance rates from companies like Progressive? If so, fill out our easy insurance form and in seconds you’ll be able to compare insurance premiums between the best insurance companies. It’s fast, easy and free.
Progressive Insurance: “MyRate” and “Name Your Price Program” Basics
Posted in Auto Insurance , Progressive , Save on Auto Insurance
December 14th, 2009
2 Comments
Progressive Casualty Insurance Company has long been known as an innovator in the insurance industry. They constantly push the envelope to use technology as a means of promoting savings. Their latest, the Progressive “MyRate” program, is designed to monitor the driving behavior of customers in order to provide them with discounts on their car insurance premiums if they are deemed low-risk drivers. They also developed the Progressive “Pay as You Drive” program, which allows customers to identify their auto insurance budget – the number is then used to provide them with several car insurance policies based on their pricing requirements.
Learn more about these programs using our resource guide below. You’ll find helpful articles to help you determine if these increasingly popular programs are right for you.
Progressive MyRate
- How the “MyRate” Program Works
Learn how the Progressive MyRate program works - Pros and Cons of MyRate
Learn more about the advantages and disadvantages of signing up for the MyRate program - MyRate Could Hurt You
Learn more about how the MyRate plan could potentially hurt your auto insurance premiums
Pay as You Drive
- Pay As You Drive Feature
The MyRate program is basically a convenient pay-as-you-drive feature - Pay as You Drive Added to 16th State
Now there are a total of 16 states participating in the program – is yours included? - Pay as You Drive Not Offered Nationwide Yet
Learn more about Progressive’s current plans for expanding their Pay as Your Drive Program
Progressive Name Your Price
- How the “Name Your Price” Program Works
Learn more about the basics of the Name Your Price Program, and how customers can save with it - Progressive Earns Top Spot
Learn how Progressive’s innovative programs have helped them to earn a top spot in the insurance industry
Progressive Insurance November Profit Down – Will Offer Australians Insurance
Posted in Progressive
December 1st, 2009
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Progressive Group of Insurance Companies announced that it’s November net profit was down $80 million from the same month the year before, despite a growing number of auto insurance policies. This is mainly due to “a combination of sluggish prices and customers cutting back on coverage or holding back on buying newer, more expensive vehicles to insure.”
It’s also difficult for insurance companies to raise premiums in such an economically challenging time. Consumers are cutting back on everything, including auto insurance coverage.
Progressive Expands to Australia
Progressive Corp, one of the largest insurance providers in the United States, will offer car insurance coverage in Australia as well. The company will be known as Progressive Direct and be based out of Melbourne. Progressive currently insures both autos and motorcycles.
Progressive MyRate Program Series: Pay-As-You-Drive
Posted in Progressive
September 30th, 2009
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Return to the Progressive MyRate Learning Center >>>
MyRate Benefits
For years, Progressive has been known as a forerunner in usage-based insurance coverage. The MyRate program is the latest innovation from the idea. It works by having a device from Progressive installed into your vehicle, and based on the amount of miles you drive, the time of day you use the vehicle and the speed and braking you do, you may be entitled to a discount of anywhere from 5%-40% off your car insurance premium. The safest drivers who do not use their vehicles often can benefit most from this program.
The MyRate program is currently available to consumers in a total of 15 states, with Texas being the latest addition to the roster. According to Progressive spokesperson Susan Rouser, the company is actively pursuing a state by state approval process.
Are you looking for free insurance quotes from companies like Progressive? If so, Go Insurance Rates can help.
Progressive’s Pay As You Drive (PAYD) Option Added to 16th State
Posted in Auto Insurance , Progressive
September 30th, 2009
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Pay as You Drive Basics
PAYD programs allow drivers to pay for their coverage based on the number of miles they’ve driven, rather than looking at zip codes, age, past driving record, and other components that can have varying affects on premium costs. This means, drivers will be judged based on their current driving habits, rather than their past.
Details
Different PAYD programs have employed different techniques to collect the miles each car has driven. Some of these have come under scrutiny because they are viewed as intrusive. While some companies choose to take odometer readings, others may go as far as using GPS systems to calculate miles. Progressive’s method of data collection points to telemetry devices, which are not too far off from the GPS concept.
All-in-all, programs like Progressive’s MyRate allow drivers to take a cheaper option for car insurance, especially if they don’t do a lot of driving. Since it’s an optional service, it’s up to the driver to decide whether privacy is enough of an issue to bypass the benefits of the program.
Lowering Auto Insurance Premiums By Behavior
Posted in Auto Insurance , Progressive
September 21st, 2009
1 Comment
Auto insurance rates are determined at least in part by the actuarial model, and your car insurance company uses various factors such as your age and your driving record to assess the likelihood of you getting in an accident. But with the advent of new technology, it may now be possible to base your auto insurance rate on your personal driving behavior, rather than the behavior of your actuarial cohort. What if an auto insurer could track your actual mileage, speed, and adherence to the laws of traffic? This concept, called Pay-As-You-Drive, or PAYD, is one that is getting traction among American insurers.
What is PAYD?
Drivers who choose to sign up for the PAYD plan receive a device that plugs into their car and measures their mileage, how and when the car is being driven, and even whether the car is being maintained properly. Drivers who are using their car less often, at less risky times, and in less risky ways may be subject to a discount auto insurance premium.
Progressive Pioneers
One insurer, Progressive Insurance, has introduced a PAYD auto insurance program in several states, including Kentucky, Alabama, Louisiana, Michigan, Minnesota, Maryland and New Jersey. Progressive claims that drivers can save up to 25% on their auto insurance, but bad drivers could find their premiums go up as well – even as much as 9%.
Since the Brookings Institute conducted a comprehensive study of the PAYD system in the state of California, and concluded that PAYD is not only efficient, but also promotes safe driving, you can expect more insurers to be rolling out similar programs in next few years. Commercial fleet PAYD plans are already in place in Europe and Australia and will probably arrive stateside in the near future, as well.
Progressive’s “Name Your Price” Program is Key Driver in Top Ranking for Company
Posted in Auto Insurance , Progressive
September 16th, 2009
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Progressive Name Your Price
Progressive’s “Name Your Price” is the company’s exclusive online tool that allows customers to decide what they would like to pay for on their auto insurance. It works by allowing shoppers to enter basic information about themselves and their vehicles on the company’s website.
Name Your Price Options
After the information is entered, the customer gets to “Name Your Price,” then an available package of coverages, limits and deductibles will be provided closest to the price the customer enters. Customers also have the option of dragging a slider bar from left to right to see how coverage options change based on adjustments in the price they’ve selected.
For auto insurance customers in a financial crunch, an option to name their own price can bring on a sense of freedom and empowerment, which may be why the technology helped the company rank so highly on the list. With families looking for any way possibly to cut back on expenses, comparison-shopping online and looking for discounts are all great ways for customers to get the most bang for their buck.
Progressive MyRate Program Series: How the Program Works
Posted in Progressive
August 27th, 2009
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Progressive MyRate Basics
Once a policyholder selects the MyRate program and agrees to the terms and conditions, they are provided with a tracking kit that includes a sensor. The sensory device then gets plugged into the OBD-II port in your vehicle, and your driving habits are monitored and the information is evaluated to see if you qualify for savings. Progressive encourages participants to drive as they normally would without the tracking device. Additionally, after the information has been uploaded, MyRate members can immediately track their projected renewal rate by logging in directly to Progressive’s website.
MyRate Sensor Monitoring Points
The sensor included with the tracking device monitors several points to evaluate your overall driving performance, including:
- Car speed driven
- Time of day the car is in use
- Whether the device is connected or disconnected from the vehicle
- The car’s VIN number
- Number of miles driven per trip and in total
- And rates of acceleration and braking
Privacy Concerns
There is no GPS feature on the hardware as Progressive is not really interested in where the person is driving the vehicle, just how they are doing it.
The MyRate sensor can only be installed on cars that were manufactured after 1996. The on-board diagnostics (OBD) port was not a mandatory feature for car manufacturers prior to that year.
Progressive MyRate Program Series: Program Pros and Cons
Posted in Progressive
August 21st, 2009
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Return to the Progressive MyRate Learning Center >>>
Progressive’s MyRate program aims to save you money on your auto insurance by tracking your driving behavior and offering discounts based on your results. For many, it sounds like an enticing offer. Here’s a quick list of the advantages and disadvantages of the program.
Advantages of MyRate
Here are some details:
- Enrollment is easy
- Discounts can vary from 5%-40% savings based on the state you live in
- Safe drivers will be rewarded
- Those who do not drive often will be rewarded
- The tracking device, cable and software to enable the MyRate program are all free
- During the program you can log into Progressive’s website and check out your stats
The program does have some drawbacks, however.
Disadvantages of MyRate
There are some cons to the program that may make you reconsider your potential participation such as:
- Big brother is watching as you will ultimately share all your private driving habits with Progressive
- Some states do not prevent Progressive from charging you more if after you upload the data, your driving habits are considered high-risk
- You do not know your savings amount prior to starting the program as the amount can only be determined after analyzing your data
If you are unsure about whether this program is right for you or not, you can always test it out. As of July 2009, Progressive introduced the “Take My Rate For a Spin” program where for a nominal fee, you can get a device and monitor your activity to determine if the program is right for you.
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