Progressive

Car Insurance
The quest of the truckers in the US for the best insurance coverage at affordable rates ends at the doorsteps of Progressive. One of the major names in the insurance market of the company, this insurer has got a customer base of a few million, having insured their assets with this company.
4.5
out of 599 user reviews

Insurance Coverage

Constantly thriving for excellence, one of the major achievements of this company is that it has got its name in the list of the Fortune 200 companies that establish that the company holds a formidable financial stability. From the operational aspect, this insurer is one of the top choices to the truckers for its record of close to 100% customer satisfaction.  

This insurer offers comprehensive protection plans to the truckers that secure their vehicles as well as their business interests. The policies have been formatted in a manner that it can cover up all the probable areas of risks and threats, without escalating the cost. As an excerpt of the coverage, these policies protect the insured from the bodily injuries as well as their losses for the damages to the truck. In addition, these protection plans come effective in compensating the victims of the accident, either incurring physical injuries, getting their assets damaged or end up incurring both these instances.

Besides, the policies of this insurer reimburse the rents that the insured pays for taking a truck on rent to make up the downtime of the insured vehicle as well as covers the loss of value of the truck for depreciations.

Coverage Options

  • Coverage for the general Liabilities: as per this plan, the insurer will support the insured for compensating the victims of the truck accidents, incurring bodily injuries, damage to the properties or both. The plan covers the liability of medical payments to the 3rd parties as well.
  • Coverage for the cargo: another area of threat that the commercial truckers are exposed to is that of the damage to the cargos. These policies from this insurer protects these risks and fetches suitable compensations, if the goods are getting damaged in the course of the transit.
  • Protection for non-trucking liabilities: the scopes of this coverage support the insured for making the liability payments to the 3rd parties, affected in the instances the truck was not used for purposes, related to the business.  
  • Coverage for interchange of trailer: this coverage brings compensation for the physical damages caused to the trailers that are operated on the basis of an understanding  for interchanging the trailer. You need to make a note that this benefit is available for those operators, operating the leased commercial trucks.
  • Rental reimbursements: If the insured policy holder takes a commercial truck insurance for rent during the span the insured vehicle is undergoing repairs at the service stations, the policy shall reimburse the entire amount spent for paying the rents for the truck.

In addition, the insurance policy shall mitigate the losses incurred by the insured during the span of the truck’s downtime as well as cover the loss of value due to depreciations.

Affordability

The niche of this insurer lies in its capacity to offer the most extensive protection to the insured policyholders, within the most competitive rates. Thus, truckers have a priority for this insurer, in instances they look for insuring their commercial trucks. It implies, partnering with this insurer, truckers can overcome their worries about the higher premium cost for insuring their trucks. It is for the easy affordability of these policies that customers can completely secure themselves from the probable risks and escape the threats of extravagant expenses.

Customer Satisfaction

Customer Satisfaction Rating: 
5.0
out of 599 user reviews

The Company claims that it has reached an almost 100% rate of customer satisfaction for the extent and quality of the support it extends to the policyholders. This claim of the company gets support from the Credit Raters who rate this insurer with a 5-Star rating for its formidable record for customer satisfaction. The best part about dealing with this company is that it takes the minimum time to process and settle the insurance claims.

Survey Review Data

Financial Stability

Financial Stability Rating: 
4.5
out of 599 user reviews

Progressive is among those companies in the country with the highest value of net assets and have sufficient cash inflows. The business proceeds and sponsorships are high enough to constantly generate the working capital for the company. The company has been successful in keeping the non-performing assets within the lowest extent that suggest that the company stands with a strong financial health.

Considering the points discussed in the paragraphs above, you are ought to get impressed about this company. The reviews on this company comes exceptionally positive that probably gives the most realistic assessment of its worthiness. One thing stands assured that you will never regret the decision of incurring your commercial truck with this insurer.

Contact Info

Website: 
https://www.progressive.com
General Phone Number: 
1-855-758-0945
Customer Service Phone: 
(800)-776-4737

Corporate Headquarters

The Progressive Corporation
6300 Wilson Mills Rd.
Mayfield Village, Ohio 44143

Investor Relations

The Progressive Corporation Investor Relations
6300 Wilson Mills Road
Box W33 Mayfield Village, Ohio 44143