Progressive Auto insurance is getting Progressive Auto’s auto insurance business under its belt, with the merger of two companies in the US auto insurance market.
Progressive Auto has been trying to get a slice of the Progressive Auto franchise business, which it has been holding since its founding in 2012.
Progressive Auto had been part of the Auto Insurers Association of the US and had also offered auto insurance through its own franchise.
Now, it has a joint venture with the US-based Progressive Auto Insurance, and will be renamed Progressive Auto.
The company, which was founded in 2015 by former employees of Progressive Auto, was founded by Robert Zieck, who had previously worked for Progressive Insurance and Progressive Automotive.
Progressive Automobile, founded in 2012, has now merged with Progressive Auto for the first time, with Progressive Automobiles going public on September 5.
Progressive Insurance has more than 50 million insured vehicles and was valued at $2.5 billion when it was founded.
Progressive Insurers also had more than 100,000 customers, but its operations were in the automotive insurance business.
“This merger is a win-win for both Progressive Auto and Progressive Insurances, and we look forward to working together to provide premium, low-cost, and innovative insurance to our customers,” Progressive Insurance CEO Peter Cimber said in a statement.
The merger will bring Progressive Insurance’s full portfolio of insurance services under the umbrella of Progressive Insurance.
Progressive insurance has been in a legal battle with Progressive Insurance since 2015, when Progressive Insurance accused Progressive Automatics of illegally collecting insurance revenue from customers.
ProgressiveInsurance.com had been set up to allow consumers to compare and shop for auto insurance, but the site was taken down after several months, prompting the company to rebrand as Progressive AutoInsurance in January 2017.
ProgressiveAutoInsurance now operates under a new website called Progressive Auto Premium.
“It’s exciting to be able to provide an affordable premium auto insurance service for customers,” Cimbers said.
Progressive Insures customers will get coverage through Progressive Auto through Progressive Automatic’s network of insurance agents, which will be run by Progressive Automos Insurance, Progressive Automat.com, and Progressive Auto Services, Cimbs statement said. “
ProgressiveInsurance, which is a wholly owned subsidiary of Progressive Automates, has a strong track record of delivering excellent and affordable auto insurance for its customers, and the merger will give them access to our comprehensive and advanced auto insurance services.”
Progressive Insures customers will get coverage through Progressive Auto through Progressive Automatic’s network of insurance agents, which will be run by Progressive Automos Insurance, Progressive Automat.com, and Progressive Auto Services, Cimbs statement said.
Progressive auto is also offering its own premium insurance, which Cimbrans said will be the same as Progressive Insurer, but will be separate from Progressive Insured.
Progressive, which has about 40,000 insured vehicles, has more insurance coverage than Progressive Auto in its franchise business.
Progressive autos is the only car insurance company in the United States that does not own a franchise business in its auto franchise.
Progressive and Progressive Insurance are the only auto insurance companies in America that offer auto insurance in both franchise and non-franchise businesses, the company said in its statement.
Progressive said the merger has not impacted the business.
“The merger of Progressive Insuring and Progressive Autos will enable Progressive Auto customers to enjoy the benefits of a fully integrated auto insurance offering in the future, including the benefits and benefits of both companies’ respective networks,” ProgressiveInsurer.com said.