Better Drivers Pay Less with New, One-of-a-Kind Car Insurance Program from Progressive
MAYFIELD VILLAGE, Ohio--Safe drivers. Business travelers who park their cars at the airport several days a week. People with a car they only drive on warm summer days. These drivers are all less likely to be in an accident, so they deserve to pay less for car insurance. Progressive’s MyRate® program, now available in Oklahoma, gives drivers a personalized rate based on their driving habits.
“MyRate is best for people who drive fewer miles than average, at low-risk times of day, and keep alert for others on the road. They don’t follow too closely behind other cars so they don’t have to over-react or slam on the brakes.”
How it Works
- When drivers sign up for MyRate, they get a small device that plugs into their car and measures how they drive. Cars driven less often, in less risky ways, and at less risky times of day get a discount.
Potential Savings
- New Oklahoma customers get an immediate 5 percent discount when they sign up for MyRate.
- When the customer renews their policy, they could save up to 25 percent or more based on their driving habits.
Other Facts
- MyRate is available to Oklahoma drivers who purchase policies directly from Progressive online or by phone.
- After the first policy term, $5 is added to the premium each month to cover technology expenses.
- Drivers can log in to progressive.com anytime to review their driving data and see their projected discount.
- MyRate is voluntary, and drivers can opt out at any time.
- The MyRate device doesn’t have GPS, so it doesn’t track a driver’s location.
- Progressive was the first to develop insurance based on driving habits. Its initial foray into usage-based insurance started in 1999 with a program called Autograph.
Quote
Richard Hutchinson, Progressive’s general manager of usage-based insurance
“MyRate is best for people who drive fewer miles than average, at low-risk times of day, and keep alert for others on the road. They don’t follow too closely behind other cars so they don’t have to over-react or slam on the brakes.”
For more information, go to www.MyRate.com.
About Progressive
The Progressive Group of Insurance Companies, in business since 1937, is one of the country’s largest auto insurance groups, the largest seller of motorcycle policies, and a market leader in commercial auto insurance based on premiums written.
Progressive is committed to becoming consumers’ #1 choice for auto insurance by providing competitive rates and innovative products and services that meet drivers’ needs throughout their lifetimes, including superior online and in-person customer service, and best-in-class, 24-hour claims service, such as its concierge level of claims service available at service centers located in major metropolitan areas throughout the United States.
Progressive companies offer consumers choices in how to shop for, buy and manage their auto insurance policies. Progressive offers its products, including personal and commercial auto, motorcycle, boat and recreational vehicle insurance, through more than 30,000 independent insurance agencies throughout the U.S. and online and by phone directly from the Company. Private passenger auto products and prices are different when purchased directly from Progressive or through independent agencies. To find an agent or to get a quote, go to http://www.progressive.com.