Progressive Reduces Auto Insurance Rates in Indiana by 8%
16 December 1998
Progressive Reduces Auto Insurance Rates in Indiana by Eight PercentRate decrease marks the fourth rate reduction in three years as Progressive delivers on its promise to keep costs down for consumers INDIANAPOLIS, Dec. 16 -- Progressive , one of the state's largest auto insurers, is reducing its rates in Indiana by an average of eight percent, announced Richard Hutchinson, Progressive's general manager for Indiana. The latest decrease, effective today, is the fourth rate reduction for Progressive's Indiana policyholders in three years. Hutchinson credits the decrease in large part to lower claims costs and the company's Immediate Response(R) claims service. "Controlling claims costs is the key to lowering rates. We've been able to lower our costs, and we're pleased to pass these savings on to consumers for the fourth time in three years," said Hutchinson. One of the ways the company is able to reduce its costs is by providing its policyholders with Immediate Response(R) claims service. The service, delivered in-person, 24 hours a day, 7 days a week in 25 Immediate Response Vehicles throughout Indiana, ensures the company's policyholders fast, fair claims settlement. "Settling claims fast lets people get their cars in to and out of the shop faster. This helps the policyholder get back on with his or her life quickly, and directly reduces our expenses associated with rental cars and storage fees, which helps us lower auto insurance rates for all of our customers," said Hutchinson. Progressive is one of Indiana's fastest-growing auto insurers. In addition to auto insurance, Progressive offers coverage for motorcycles, recreational vehicles, snowmobiles, personal watercraft, boats, travel trailers and commercial vehicles. Progressive meets the needs of more than 70,000 Indiana policyholders through nine claims offices and approximately 81 employees throughout the state. Progressive quotes and policies are available to consumers by calling 1 800 AUTO PRO(R), through the Internet (progressive.com), and through more than 1,100 Indiana Independent Agents. In Indiana, Progressive is one of the two largest writers of auto insurance through Independent Agents. Recognizing that no one auto insurance company will always have the best rates for every driver, Progressive offers consumers an easy, hassle-free way to compare auto insurance rates. On the Internet (progressive.com) over the phone (by calling 1 800 AUTO PRO(R)) or by mail, consumers can receive a quote on their auto insurance from Progressive, and comparison rates for up to three other leading insurers, including State Farm and Allstate. The service is free and there is no obligation to buy. In business since 1937, Progressive provides consumers throughout the U.S. and in Canada with competitively priced automobile insurance and 24-hour services delivered through the phone, Internet, and more than 30,000 Independent Agents throughout the country, making it the nation's largest writer of auto insurance through Independent Agents. Progressive companies writing auto insurance consistently receive the highest ratings available from A.M. Best, the independent company that rates the financial conditions of insurance companies. Progressive is a "Proud Sponsor of the NFL," and the title sponsor of the Super Bowl Halftime Show at Super Bowls XXXIII and XXXIV. The Progressive Corporation's stock is traded on the New York Stock Exchange . More information about the company can be found on the World Wide Web at progressive.com.