Progressive Insurance Company, commonly just Progressive, was founded in 1937 to provide vehicle owners with security and protection by offering innovative car insurance.
Insurance policies from Progressive are available in all 50 states and while they primarily offer auto insurance, home insurance or home and auto insurance bundled together is available for bigger savings. Progressive’s insurance plans include traditional liability-only auto insurance and comprehensive and collision auto insurance.
They offer dwelling insurance for homeowners, tenants’ insurance or renters insurance, and unit owner’s or condo insurance. Their different property insurance plans also include coverages for Personal Property, Temporary Living Expenses, and Personal Liability.
Progressive has a Nsure.com insurance carrier rating of 5 out of 5 stars based on our research.
With many innovations over the years, widely known TV commercials and their “name your price” slogan are household names. They are not Better Business Bureau accredited but have a BBB Rating of “A-“.
Our carrier rating takes into account several factors about the insurer, our industry-experienced research, policyholder’s feedback, and other publicly available data. We also take into account the carrier’s financial stability, organizational structure, and history as well as their historical claims payout data to generate our comprehensive carrier profiles with a low to high rating of between 1 to 5 stars.
Progressive has an A.M. Best Credit Rating of “A+ or Superior”, a Credit Rating scoring opinion of an insurer’s financial strength and ability to meet their ongoing insurance policy and contractual obligations.
They do not have a Financial Stability Rating from Demotech Inc. Financial Stability Ratings (FSRs) are a leading indicator of the financial stability of Property and Casualty insurers.
AM Best is an independent insurance rating agency that provides credit ratings and financial data products for the insurance industry. Demotech Inc. specializes in providing ratings and detailed financial analysis of regional and specialty insurers.