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Lowering Auto Insurance Premiums By Behavior

Posted in Auto Insurance , Progressive

September 21st, 2009
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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. Lowering Auto Insurance Premiums By Behavior

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 Insurance has been given a high ranking by Information Week magazine’s Information Week 500 for its “Name Your Price” tool, along with other technology applications. Although the company has always been ranking on the list for innovative business technology, this is the first time the company has ranked in the top five. Progressive’s “Name Your Price” Program is Key Driver in Top Ranking for Company

Progressive MyRate Program Series: How the Program Works

Posted in Progressive

August 27th, 2009
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The Progressive MyRate program is specifically designed for safe or occasional drivers, and addresses why they should be paying lower rates than drivers who are more risky to insure as well as those who commute more frequently. Progressive MyRate Program Series: How the Program Works

Progressive MyRate Program Series: Program Pros and Cons

Posted in Progressive

August 21st, 2009
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MyRate car monitor device Progressive MyRate Program Series: Program Pros and Cons

Progressive Casualty Insurance Company History

Posted in Progressive

June 22nd, 2009
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For more than 70 years, ProgressiveCasualty Insurance Company has been striving to live up to its name. Started by two lawyers in 1937 as an investment opportunity, Progressive has had a steady stream of growth. The evolution of the company hatched from Progressive focusing on providing insurance coverage for high-risk drivers, but now everyone stands a fair shake at becoming part of the Progressive family. Progressive Casualty Insurance Company History

A One of a Kind Insurance Program: Harmful?

Posted in Auto Insurance , Progressive

June 3rd, 2009
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Those who work diligently to keep their eyes on the road, maintain a safe distance and obey the speed limit often fall mercy to careless drivers who speak on their cell phones, apply make-up, eat bowls of cereal and conduct other bizarre behaviors best suited for the privacy of their own home.Safe and cautious drivers may feel doubly burned by the ludicrous activity on the road as not only are these drivers putting them at risk, but generally speaking, they are all pooled together by the same demographic information that determines the overall insurance rates they are charged. Thanks to the forward thinking of Progressive Casualty Insurance Company, that is changing for Colorado drivers. A One of a Kind Insurance Program: Harmful?

Auto Insurance Coverage for Pets

Posted in Auto Insurance , Auto Insurance Claims , Farmers Insurance , Progressive

April 17th, 2009
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Devoted animal lovers consider pets as part of the family, and often refer to them as their children. They want to do everything they can to cover their pets in case of an auto accident, and will seek out insurance coverage for them as well. Auto insurance providers are well aware of this trend and many now automatically provide insurance coverage to your pets as part of your auto policy. Auto Insurance Coverage for Pets

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