February 25, 2008
Progressive Files Rates In Mass.
By Cory Hopkins
The direct-to-consumer auto insurance genie may be out of the bottle in Massachusetts, as Progressive, the nation's third-largest auto insurance group, announced it has filed private passenger auto rates with the Massachusetts Division of Insurance.
If the filing is accepted, Massachusets drivers will be able to buy car insurance at Progressive's web site as soon as May 1. Progressive said its filed rates are roughly 18 percent lower on average than rates paid by Bay State drivers in 2007.
In an effort to enter the Massachusetts market quickly, Progressive will phase in buying options over time, according to company executives. Online sales will be the first option available, followed by phone shopping and independent agent sales.
Progressive, based in Ohio, already offers commercial auto insurance to Massachusetts business owners through independent agents.
If the filing is accepted, Massachusets drivers will be able to buy car insurance at Progressive's web site as soon as May 1. Progressive said its filed rates are roughly 18 percent lower on average than rates paid by Bay State drivers in 2007.
In an effort to enter the Massachusetts market quickly, Progressive will phase in buying options over time, according to company executives. Online sales will be the first option available, followed by phone shopping and independent agent sales.
Progressive, based in Ohio, already offers commercial auto insurance to Massachusetts business owners through independent agents.
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