There are changes from Progressive insurance company aimed at offering even more competitive rates for motorcycle and recreational vehicle policies. The Company’s successful pricing strategy that promotes savings and flexibility for personal auto insurance will be utilized for bikes, boats and RV’s. Naturally, exact details of how rate quotes are determined for any policy are a well-kept secret, but Progressive strives to offer competitive prices to all customers, no matter how they choose to purchase insurance. Recently when asked “Why now for motorcycles and recreational vehicles?” the response was “Progressive has always priced our policies based on our costs. Over the past several years, we’ve seen diverging loss costs across channels and our prices will now reflect those cost differences. Our objective is to sell the most accurately (competitively) priced boat, motorcycle and RV insurance when, where and how customers want to buy.”
Progressive encourages consumers to purchase their products anyway they like. Progressive insurance quotes online, by telephone, or in person, either directly from the company or through an authorized Progressive agent, are easy to get. The smartest buyer, searching for the best value, will compare quotes from more than just one company and through more than just one distribution channel. People often think rates are automatically higher from an independent agent because of sales commissions, but this is simply not true. Customer service, marketing, and other tasks performed by the agent replace work done by company employees and this reduces cost. Progressive takes everything into consideration and prices accordingly, with no penalty for how, when, and where a consumer buys a policy and this keeps rates very competitive. Customer service and claims departments are the same for everyone.
Progressive is always inventing ways to keep prices low and enhance their customers’ experience. Some of the more familiar ones utilized for personal auto policies, like snapshot, price check tool, and showing competitors’ rates, are “cutting edge” and very consumer friendly. Vehicle enthusiasts may want to get a quote right now for insurance on their special “baby” and stay tuned for many more positive changes that are sure to come from Progressive. No doubt some changes will come with a lot of fanfare and advertising, and others will not. Keep in mind that Progressive authorized agents can be a valuable resource of information and may be able to quote you the lowest possible rate. Independent agents typically offer Progressive enthusiastically but also have the flexibility to quote, and place insurance with a variety of companies.
