Progressive Corp., commonly known as Progressive Insurance, is an insurance holding company based in the United States. The company was founded in 1937 by Joseph Lewis and Jack Green and is headquartered in Mayfield Village, Ohio. Progressive is one of the largest providers of auto insurance in the country and offers a wide range of insurance products and services. Progressive Corp. is a publicly traded company listed on the New York Stock Exchange under the ticker symbol "PGR."
Progressive specializes in providing personal and commercial auto insurance coverage. The company is known for its innovative approach to auto insurance, including the use of advanced technology and data analytics to offer personalized policies and competitive rates. Progressive also offers other insurance products such as homeowners insurance, renters insurance, boat insurance, and RV insurance.
One of Progressive's notable offerings is, Snapshot. Snapshot is a usage-based insurance program that utilizes telematics technology to track driving behavior and offer personalized auto insurance rates. Customers who enroll in Snapshot can receive discounts based on their safe driving habits, such as maintaining a consistent speed, avoiding hard braking, and driving during low-risk hours.
Progressive's focus on technology and customer experience has set it apart in the insurance industry. The company has developed innovative mobile apps and online tools that allow customers to easily manage their policies, file claims, and access other insurance-related services. Additionally, Progressive's advertising campaigns, featuring the character Flo, have become iconic and helped raise brand awareness.