Progressive was already the largest personal and commercial car insurer with Independent Agencies, but now they are the largest car insurer in the entire country.
In 2021, Progressive took a 14% market share, according to GlobalData’s Insurance Database.
Progressive has been on a steady growth trajectory in motor insurance over the past few years, increasing its market share from 13.1% in 2020 to 14.0% in 2021, thanks partly to the company’s affiliation with a larger number of insurance agencies, as well as its successful advertising campaigns.
In 2021, Progressive expanded its commercial motor business by acquiring Protective Insurance Corporation, which gave it a larger fleet and additional product lines. This acquisition helped Progressive record direct written premium (DWP) growth of 14.1% in 2021.
IIAT members can access Progressive personal and commercial lines auto through IIAT Advantage Markets. Contact Advantage Markets Coach Neil Kapelka at 737-529-0004 for more information.
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