Progressive
The insurer that changed how auto coverage works.
Overview
Progressive was built on the idea that insurance should be easy to understand, easy to buy, and priced fairly based on how you actually drive. From inventing drive-in claims service to launching the first real-time online auto quote in 1996, Progressive has consistently been the most innovative force in American personal lines insurance.
History
1937
Joseph Lewis and Jack Green founded Progressive Mutual Insurance Company in Cleveland with $10,000 in capital, targeting the non-standard auto market.
1946
Pioneered the concept of drive-in claims service, letting customers have their cars inspected on-site rather than waiting for an adjuster to come to them.
1965
Peter B. Lewis took over as CEO and transformed Progressive from a small regional insurer into a nationally recognized brand built on profitability and innovation.
1971
Progressive went public on the New York Stock Exchange, one of the first specialty auto insurers to do so.
1996
Became the first major insurer to offer real-time auto insurance quotes on the internet, years before competitors caught on.
1997
Launched auto insurance comparison shopping on its website, letting customers see competitors' rates alongside Progressive's own, a genuinely unprecedented move.
2008
Passed $14 billion in net premiums written, cementing Progressive's position as one of the top three auto insurers in the United States.
2015
Launched Snapshot nationwide, a usage-based insurance program that tracks actual driving behavior and rewards safe drivers with lower rates.
2018
Became the largest commercial auto insurer in the United States, a milestone that cemented Progressive as more than just a personal lines carrier.
2019
Acquired American Strategic Insurance (ASI) to expand into homeowners insurance, allowing bundled home and auto under one roof for the first time.
2024
Surpassed $60 billion in net written premiums, making Progressive one of the two largest auto insurers in America alongside State Farm.
Why IronHaven works with Progressive
Progressive is our go-to for non-standard auto, motorcycle, commercial auto, and boat coverage. Their pricing algorithms are among the most sophisticated in the industry, which means certain risk profiles get rates from Progressive that no other carrier can match.
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