Progressive Review (2025): Pricing, Pros & Cons

Founded in 1937 by Joseph Lewis and Jack Green, Progressive Insurance is headquartered in Mayfield Village, Ohio. As of 2023, it ranks as the second-largest personal auto insurer in the United States, with a market share of 15.2%. The company offers a comprehensive range of insurance products, including auto, home, renters, motorcycle, RV, boat, life, and commercial insurance. Progressive is recognized for its innovative approach, being the first to allow customers to purchase insurance policies over the phone in 1993 and to have a website in 1995. With over 61,000 employees nationwide, Progressive operates through various channels, including independent agents and direct online sales. The company is committed to fostering equity, building communities, and making progress possible through initiatives like the Keys to Progress program and support for homelessness. In 2023, Progressive reported a net income of $3.9 billion and net premiums written increased by 20% to $61.6 billion.