As gas prices rise above $4 a gallon, drivers are seeking more fuel-efficient ways to get around town. Some people are buying hybrids, some are opting for bicycles. Others are choosing a unique transportation option – alternative vehicles – and Progressive now offers coverage that will keep these motorists safe on the road.
Approved for on-road use, these three-wheeled compact vehicles range from high-performance machines like the sports car/motorcycle T-Rex to energy-efficient, electric transporters like the ZAP Xebra. Recognized as motorcycles in most states, Progressive will insure them with its motorcycle products.
“With more transportation options on the market than ever before, we want to give consumers all the tools they need to be protected,” said Rick Stern, motorcycle product manager for Progressive. “We offer specialized coverages that allow alternative-vehicle owners to build the insurance package that best fits their needs, whether they’re commuting or just out for a Sunday ride.”
Progressive’s alternative vehicle insurance is currently available in Illinois and Mississippi. It will continue to roll out in 18 more states by the end of 2008, pending regulatory approval.
For more information, visit http://motorcycle.progressive.com/.
The Progressive Group of Insurance Companies, in business since 1937, is the country’s third largest auto insurance group and largest seller of motorcycle and personal watercraft policies based on premiums written, and is a market leader in commercial auto insurance.
Progressive is committed to becoming consumers’ #1 choice for auto insurance by providing competitive rates and products that meet drivers’ needs throughout their lifetimes, superior online and in-person customer service, and best-in-class, 24-hour claims service, including its concierge level of claims service available at service centers located in major metropolitan areas throughout the United States.
Progressive companies offer consumers choices in how to shop for, buy and manage their auto insurance policies. Progressive offers its products, including personal and commercial auto, motorcycle, boat and recreational vehicle insurance, through more than 30,000 independent insurance agencies throughout the U.S. and online and by phone directly from the Company. Private passenger auto products and prices are different when purchased directly from Progressive or through independent agencies. To find an agent or to get a quote, go to www.progressive.com.
The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, are publicly traded at (NYSE:PGR).