Safe, Low-Mileage Drivers Can Save More, Faster with Snapshot Discount from Progressive

MAYFIELD VILLAGE, Ohio--(BUSINESS WIRE)-- More than 100,000 MyRate customers countrywide get personalized car insurance rates by sharing how, how much, and when they drive with Progressive. Now, with Snapshot Discount ^SM – the new version of MyRate® – Ohio drivers can save up to 30 percent more on their insurance after just 30 days of driving. In addition, customers only need to share six months of driving data.

How it Works

• After a driver signs up for Snapshot Discount, we send them a device the size of a garage door opener that plugs into the on-board diagnostic (OBD) port of their car. The device records and sends the driving data to us.
• After 30 days, the customer finds out if they’re eligible for a discount – up to 30 percent – based on his or her driving habits and will see that discount applied to their policy. People who drive less, in safer ways and during safer times of day are more likely to get a discount.
• At the end of the six-month policy term we determine the renewal discount and the customer returns the device to us.
• We may periodically check in with each customer to get an updated picture of his or her driving by asking them to plug in the device again.

Other Facts

• Snapshot ^SM is available to Ohio drivers who buy policies directly from Progressive.
• Customers can log in to their policy on progressive.com during the six-month period the device is plugged in to see how their driving habits affect their rate, and, if they choose, make changes that could lead to greater savings. Customers will also see whether they are on track for a discount after 30 days.
• Snapshot is voluntary and customers can opt out at any time. It won’t make customers’ rates go up.
• The Snapshot device measures how, how much and when customers drive their vehicle. It doesn’t have GPS, so it doesn’t track a vehicle’s location.

Quotes

Richard Hutchinson, Progressive’s general manager of usage-based insurance

“Our new Snapshot Discount is easier to understand and more attractive to drivers. We know from our research that this version will be more appealing because drivers can save money after just 30 days instead of six months. Plus, customers only have to give us a snapshot of their driving for one policy period, then they don’t have to worry about the device anymore.”

Links

http://www.progressive.com/snapshot/

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. Personal 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. Progressive also has a branch that sells car insurance policies online in Australia at http://www.progressivedirect.com.au.

Progressive PR
Susan Rouser, 440-395-1788

Source: Progressive