Ever wonder where insurance companies rank with the rest of the business world? Many think of insurance as a scam and therefore look for the cheapest way to make sure they have the minimum amount of coverage needed by law. We've all been there; price is the determining factor for lots of shoppers.
Don't forget to think about company history, assets, net worth, etc. when choosing an insurance company. Also, think of the access you have to live people should you need to file a claim or simply get an insurance document you may need.
The "Big Four" insurance companies pretty much offer the same basic products, but not all coverages nor companies are the same in how they actually protect you.
PROGRESSIVE
Quick facts about Progressive Insurance:
- 1937 - Created by Joseph Lewis and Jack Green
- 1991 - 1st to use consumer's credit history; more accurate policy premiums
- 1995 - Website launch; 1st major insurance company to do so
- 1997 - Real time insurance offered online; another 1st
- 2009 - Name your price introduced
- 2010 - Android App released
- Currently #157 on Forbes Fortune 500; $24.4B in total assets
- 450 offices country wide; 25,000 employees
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