Net premiums written up 6% year over year as combined ratio deteriorates 5.3 points on spring storm losses. The Progressive Corporation (NYSE: PGR) reported its total personal auto insurance policies in force were 27,753,000 in April 2026, an increase of 2,569,000 or 10.2% from 25,184,000 in April 2025. The April figures show personal auto policy […]
Progressive Renews Long-Term Contract With Mitchell
Mitchell announced today that Progressive Insurance has signed a long-term renewal of its contract for auto physical damage software, extending a relationship that began in 2010. The renewal provides Progressive with continued access to Mitchell’s platform for collision claims, damage appraisals, total loss valuations and interactions with repair facility partners. The renewal preserves a key […]
Progressive Closes Gap with State Farm as Top U.S. Auto Insurers Reshape Market in 2025
Private passenger auto insurance premiums earned surpass $369 billion. Total direct premiums earned on private passenger auto insurance reached $369.6 billion in the U.S. in 2025, up 5.6% from $349.9 billion in 2024, according to data released March 18 by the National Association of Insurance Commissioners (NAIC). The growth rate moderated significantly compared to recent […]
TPG, Allianz Lead $350 Million Investment in Cambridge Mobile Telematics
State Farm also participated in latest investment round. Cambridge Mobile Telematics, the telematics and AI platform used by major auto insurers including State Farm and Progressive, has received a $350 million strategic investment led by private equity firm TPG and Allianz X, the strategic investment arm of insurer Allianz Group. State Farm also participated in […]
Florida’s Top 5 Auto Insurance Groups Indicate Average 8% Rate Decrease for 2026
Insurance commissioner credits legislative reform for reductions. Florida’s five largest auto insurance groups are indicating an average rate decrease of 8% for 2026, Florida Insurance Commissioner Mike Yaworsky announced March 5. The five groups — Progressive, Berkshire Hathaway (GEICO), State Farm, Allstate and USAA — collectively represent 78% of Florida’s auto insurance market. One of […]
Progressive to Begin Returning Excess Profits to Florida Auto Insurance Policyholders
Progressive Insurance will begin issuing credits to Florida personal auto policyholders after determining it exceeded the state’s statutory profit limit for the 2023-2025 accident year period. Florida law requires insurance carriers to return excess profits on a pro rata basis to policyholders when profits exceed the statutory limit. The insurer said it is issuing credits […]
State Farm and Progressive Reduce Auto Insurance Rates Auto Rate Decreases in Tennessee, Louisiana
State Farm announced personal auto insurance rate decreases in Tennessee and Progressive will is lowering rates in Louisiana, continuing a trend of declining rates driven by reduced claims frequency. State Farm reduced auto rates by more than 10% on average in Tennessee, that took effect Dec. 15 for new business and will take effect mid-January […]
Progressive Accident Response Feature Reaches 1.5 Million Users
Progressive Insurance reported that more than 1.5 million customers are using its Accident Response feature, a crash detection system developed in collaboration with Cambridge Mobile Telematics that automatically contacts drivers after collisions and can dispatch emergency services or towing. The feature, available at no charge through Progressive’s mobile app, launched in November 2024 for personal […]
Progressive Donates 100 Vehicles to Veterans in Annual Giveaway Program
Progressive Insurance will donate 100 vehicles to veterans and veteran-focused organizations Wednesday as part of its 13th annual Keys to Progress vehicle giveaway. The insurer will host more than 65 events across 47 states, distributing vehicles to veterans, their families, veteran-owned businesses and veteran organizations ahead of Veterans Day. Since launching the program in 2013, […]
Progressive Reports Personal Auto Policies in Force Up Over 15% in September Compared to Last Year
Auto policies in force set another new record. Combined ratio up year over year. The Progressive Corporation (NYSE: PGR) reported its total personal auto insurance policies in force were 26,299,000 in September, an increase of 3,445,600 or 15.1% from 22,803,500 in September 2024. The September total personal auto policies in force set another new record […]