BestMoney.com

Progressive Business Insurance Review

Progressive
Visit Site
Progressive
Progressive
Bestmoney Staff
Jan. 05, 2024
3 min read
BestMoney Staff
Progressive Summary
Progressive is an insurance provider that offers commercial auto insurance policies. It also connects you with third-party insurers for other types of business insurance. You can get personalized quotes online from Progressive in minutes for policies like general liability, workers’ compensation, and professional liability insurance. You can bundle policies from third-party insurers with Progressive policies to reduce your total insurance costs.

Pros

  • Get a quote online for many types of business insurance
  • Get help choosing and customizing your policy
  • Bundle policies from Progressive and third-party insurers

Cons

  • Only commercial auto insurance is underwritten by Progressive
  • Cannot file claims with Progressive (except for commercial auto)

Progressive at a glance

9.2
Editorial score

Policy Types

4-8 coverage types
9.0

Coverage Limit

$800K-$1M
9.0

States Served

Available in most US states
9.0

Industries Served

Over 10 industries served
9.0

Customer Support

Support via email, phone, and website
10.0

Progressive at a Glance

Coverage options

Commercial auto insurance

Many other business insurance policies available through third-party partners

Can file claims online

Commercial auto insurance claims only

Pricing

$42-$226 per month (varies by insurance type)

Suitable for

Business owners who need commercial auto insurance

Online experience

User-friendly quote tool. Easy to make claims for commercial auto insurance policies.

Progressive Progressive Visit site

Overview

Progressive is a major insurance company known for its personal home and auto insurance policies. However, the company has many additional insurance products, including commercial auto insurance for businesses. Progressive’s commercial auto policies can protect your fleet vehicles and drivers from costs related to liability and damage. 

Progressive also works with third-party insurers to offer business policies for general liability, workers’ compensation, and professional liability. You can get quotes for these policies online through Progressive. These business insurance policies are underwritten by third-party insurers, but you can bundle them with a Progressive commercial auto policy to get a lower price.

Why Progressive Is Good For Your Business

Progressive is an excellent choice if you need commercial auto insurance for your business. It offers comprehensive policies at competitive rates. You can get coverage for everything from cars and pickup trucks to heavy-duty construction vehicles, box trucks, and buses. Progressive offers 24/7 claims service, and you can file claims online.

If you need other types of business insurance, you can get quotes from third-party insurers through Progressive. This makes it easy to compare options and feel confident you’re working with a trustworthy insurer. You can bundle third-party policies with a Progressive commercial auto policy, saving your business money if you need multiple types of insurance.

Another reason to use Progressive is that you can get help deciding what type of business insurance you need. The company makes insurance agents available to discuss your business’s needs and suggest policy customizations to ensure you have no coverage gaps.

Insurance Coverage

Progressive’s commercial auto insurance policies are highly customizable and can cover most business vehicles. Policies include several types of coverage, including liability, collision, medical, and uninsured motorist coverage. You can add trucking-specific coverage, including earned freight and trailer interchange coverage.

Highlights of Progressive’s coverage include:

  • Policies can be customized to your business’s needs
  • Update or modify your policy at any time
  • 24/7 claims service
  • Policies are available in all 50 states (Washington, D.C. is excluded)

Progressive’s third-party partners offer a wide range of insurance products, including:

  • General liability insurance
  • Workers’ compensation insurance
  • Professional liability insurance
  • Cyber insurance
  • Liquor liability insurance
  • Employment practices liability insurance
  • Commercial property insurance

The only major type of business insurance Progressive doesn’t help you find quotes for is directors’ and officers’ liability insurance.

Application Process

You can get a quote for business insurance on Progressive’s website. The quote process requires a fair amount of information about your business, including its location, structure, and industry. For commercial auto insurance, you’ll also need to provide details about each of your business’s vehicles and drivers. The process can take 15 minutes or longer, depending on your insurance needs.

Progressive will show you your rate online. If you’re buying commercial auto insurance, you can purchase your policy online through Progressive’s website without talking to an agent. If you want to buy another type of business insurance, you’ll need to purchase it through the insurer that offers the policy. You may need to speak with an agent to buy your policy.

Progressive Progressive Visit site

How Much Does It Cost?

How much your business insurance policy costs will depend on the type of coverage you need and factors like your industry, location, and business size. Here are the average costs for different types of business insurance offered by Progressive and its partners:

  • Commercial auto insurance: $226/month
  • General liability insurance: $72/month
  • Workers’ compensation insurance: $117/month
  • Professional liability insurance: $57/month

How Safe Is It?

Progressive is the largest commercial auto insurer in the US, covering more than 1.9 million vehicles. The company has been in business since 1937 and has an A+ financial stability rating from A.M. Best.

Note that all policies other than commercial auto policies are underwritten by third-party insurers, even if you get quotes for these policies through Progressive.

Progressive uses SSL encryption to protect your information when submitting a quote.

Help & Support

Progressive offers 24/7 customer support, including claims service. You can get in touch by phone or by using an email form on the Progressive website. You can also make a claim online or using the Progressive mobile app.

Progressive only handles support issues and claims for commercial auto policies that it underwrites. You must claim all other business policies with the insurer who issued your policy.

Phone: (888) 806-9598

Summary

Progressive offers customizable and comprehensive commercial auto insurance policies to protect your business’s fleet. Progressive policies include 24/7 support, and you can buy your policy online.

Progressive also helps you get quotes from third-party insurers for various business insurance policies, including general liability, workers’ compensation, and more. You can bundle policies together to save your business money. So, Progressive is a great choice if you need commercial auto and other business insurance.

Physical Address

The Progressive Corporation, 6300 Wilson Mills Road, Mayfield Village, Ohio 44143

Methodology

This review was based on information on the Progressive website and financial stability ratings from A.M. Best.

BestMoney Staff
Written by
Bestmoney Staff
Our editorial staff consists of writers who are knowledgeable about financial services. We specialize in simplifying the process of choosing the right provider for your needs.
Editorial Reviews
The Hartford
The Hartford
Read Review|Visit Site
View all reviews