Progressive Insurance
Progressive Insurance
Progressive corporation is an auto insurance company which was founded on march 10,1937 approximately 79 years ago from today's date.It's headquarter is situated in United states of America.It's a public based corporation whose CEO is Glenn Renwick.According to statical data from wikipedia the count of employees on this corporation was 27,500 people as listed on year 2010.The slogan of this corporation is labelled as "We are progressive and we are progressive".It have made a total revenue of 17 billion USD on year 2013.The official website of progressive insurance corporation is www.progressive.com.It is the one of the major company for auto insurance located on United states of America insuring motorcycles,boats,car,taxi,RV trailers and so on.This company has been a outstanding multinational company by establishing car insurance in Australia respectively.Recently it have offered it's service through internet or by phone and through different insurance agencies.It covers all total of 30,000 independent insurance agencies and progressiveagent.com where users can draft their own quote and contact an agent for further issues.
Controversies of progressive corporation
(Data are collected from wikipedia)
-In 2002,Corporation setteled with a state of Georgia in a class action lawsuit over diminished value claims brought by their customers.
-In the fiscial year 2007 also the progressive corporation apologized as the news that they hired private investigators to infiltrate a church group and collect the information,was reaveled.
-Similarly in 2012,Company was criticized for how it handled the claims made by the family of kaitlynn Fisher.Kaitlynn,who was hit and killed by a driver who drove on a redlight in Baltimore,US.
->Working system:-
1)GPS-based system
In year 1998,the progressive insurance company established a pilot programme in Texas,United States where driver were paid a discount for installing Gps based device on their auto or vechiles from which they can track the data's for further issues incase.
1)GPS-based system
In year 1998,the progressive insurance company established a pilot programme in Texas,United States where driver were paid a discount for installing Gps based device on their auto or vechiles from which they can track the data's for further issues incase.
2)OBD-II based system(On board diagnostic system)
The progressive corporation launched snapshot to provide operators of auto(Vehicles),a customized insurance rate based on the records.The records may be how,how much and when the auto is driven.It is currently available in 46 states including the district of columbia.As the progressive corporation,Metromile also uses OBDII based system for mileage based insurance policy.
The progressive corporation launched snapshot to provide operators of auto(Vehicles),a customized insurance rate based on the records.The records may be how,how much and when the auto is driven.It is currently available in 46 states including the district of columbia.As the progressive corporation,Metromile also uses OBDII based system for mileage based insurance policy.
3)Behaviour based insurance
It is a system which is used to track whether the driver have used drugs or alcohols or other hazard which are restricted during driving.
It is a system which is used to track whether the driver have used drugs or alcohols or other hazard which are restricted during driving.
Pros
-Progressive took the fast fair claim service to a new level.-It introduced a safe driver plan.
-It also includes motorcycle,boat insurance.
-It offers 24/7 customer and claim service.
-It provides Online support.
-It setteles on Competitive prices.
People can easily purchase insurance from progressive corporation through online,phone or by 30,000 independent agencies over United states of America.It have more than 600 registered office through out the united states which are growing over day by day.It was the first company to launch online service in the feild of insurance.The best part is you can have 24/7 customer support and claims as well.
The company operates in following three segments
- Personal Lines
- Commercial Auto
- Other indemnity
Concluding all the Details we have written a note which covers almost everything:-
Progressive corporation is one of the largest auto insurers present in United states of America having over 13 millions policies offering the service online,by phone or other indepndent agencies having 24/7 support to their customers.It was the first insurance company to introduce safe driver plan and motorcycle insurance in united states of America.In addition to this it took first fair claim to a new level with competetive prices and plannings.It offers the quote from competetiors and it's own quotes.It insures a lot type of auto or vehicles like car,truck,motorcycle,boat,RV trailers etc.It has been an outstanding corporation from the period of it's begening.It also offers discount on it's products. Price and coverage match are limited according state law. Amounts entered outside of their range of coverage prices are shown to the closest available coverage package in their policies.It's headquarter is actually located at Mayfield Village, Ohio,US. Progressive corporation have acheived A.M. Best financial strength rating by gainimg 'A+'rating which is considred as the superior rating.It is Sized No. 4 auto insurance company based on direct premiums written, according to A.M. Best.
It have loan/lease pay facility which pays up to 25% above the value of your car if it’s totaled, to cover your loan.With progressive insurance corporation you can have multipolicies for your multi auto's or car's.It also have it's own smartphone app which facilate you more service just in a click. You can do a things like reporting a claim and finding a repair service center near you.Morever it offers home insurance also offering to pay the damage and destruction to your house,also including the lablities for physical stuffs of your home if insured and medical expense to whom your house injures or to whom if s/he is injured in your house guarenting the replacement cost of your house.Seems fascinating isn't it?Beside auto and house insurance progressive insurance company also offers life insurance as well.
Progressive corporation is one of the largest auto insurers present in United states of America having over 13 millions policies offering the service online,by phone or other indepndent agencies having 24/7 support to their customers.It was the first insurance company to introduce safe driver plan and motorcycle insurance in united states of America.In addition to this it took first fair claim to a new level with competetive prices and plannings.It offers the quote from competetiors and it's own quotes.It insures a lot type of auto or vehicles like car,truck,motorcycle,boat,RV trailers etc.It has been an outstanding corporation from the period of it's begening.It also offers discount on it's products. Price and coverage match are limited according state law. Amounts entered outside of their range of coverage prices are shown to the closest available coverage package in their policies.It's headquarter is actually located at Mayfield Village, Ohio,US. Progressive corporation have acheived A.M. Best financial strength rating by gainimg 'A+'rating which is considred as the superior rating.It is Sized No. 4 auto insurance company based on direct premiums written, according to A.M. Best.
It have loan/lease pay facility which pays up to 25% above the value of your car if it’s totaled, to cover your loan.With progressive insurance corporation you can have multipolicies for your multi auto's or car's.It also have it's own smartphone app which facilate you more service just in a click. You can do a things like reporting a claim and finding a repair service center near you.Morever it offers home insurance also offering to pay the damage and destruction to your house,also including the lablities for physical stuffs of your home if insured and medical expense to whom your house injures or to whom if s/he is injured in your house guarenting the replacement cost of your house.Seems fascinating isn't it?Beside auto and house insurance progressive insurance company also offers life insurance as well.
To conclude,you might look at official website of progressive corporation for much more details.It is one of top insurance company of United states offering numerous facilities directly or indirectly.It have 600 registred offices almost all over United states and holding 13 millions of policies with a quality which marks it as the one of top insurance company of entire United states and the world as well.
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