To serve the rapidly growing ridesharing market, Progressive® Insurance
is now offering coverage for drivers of Transportation Network Companies
(TNCs) in Texas. The coverage will be a personal policy endorsement that
fills most of the coverage gap between a personal auto policy and the
commercial coverage held by a TNC like Uber or Lyft.
“Ridesharing is changing the way people are getting around,” said Dave
Pratt, a business leader for Progressive. “This new endorsement will
provide TNC drivers the peace-of-mind that they’re covered for
liability, uninsured/underinsured motorist coverage and physical damage
at all times – whether they have a passenger or not, and is
backed by Progressive’s excellent claims service. The way people move is
changing and Progressive is committed to creating innovative products
that address drivers’ evolving insurance needs.”
The offering will allow customers to extend roadside assistance,
comprehensive and collision through all phases of TNC activity. Drivers
will also receive an additional benefit: if the collision coverage
provided by the TNC includes a deductible that’s higher than the
customer’s deductible under their Progressive policy, Progressive will
pay the difference.
The new endorsement, available to new and existing customers, meets the
updated requirements to comply with Texas law. Texas customers who drive
for a TNC should contact their local Progressive agent or call
1-800-PROGRESSIVE to learn more about this endorsement.
About Progressive
The Progressive Group of Insurance Companies makes it easy to
understand, buy and use auto
insurance. Progressive offers choices so
consumers can reach it whenever, wherever and however it's most
convenient—online at progressive.com, by phone at 1.800.PROGRESSIVE, on
a mobile device or in-person with a local agent.
Progressive provides insurance for personal and commercial autos and
trucks, motorcycles, boats, recreational vehicles, and homes. Home
insurance is underwritten by select carriers, including its
majority-owned subsidiary, American Strategic Insurance (ASI).
Progressive is the fourth largest auto insurer in the country; a leading
seller of motorcycle and commercial
auto insurance; and through ASI, one of the top 20 homeowners
carriers. Progressive also offers car
insurance online in Australia at http://www.progressiveonline.com.au.
Founded in 1937, Progressive continues its long history of offering
shopping tools and services that save customers time and money, like Name
Your Price®, Snapshot®,
and Service
Centers.
The Common Shares of The Progressive Corporation, the Mayfield Village,
Ohio-based holding company, trade publicly at (NYSE:PGR).
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