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Article: PROGRESSIVE REDUCES AUTO INSURANCE PREMIUMS, EXPANDS PRODUCT OFFERINGS IN ARKANSAS; SECOND ARKANSAS RATE REDUCTION FOR THE COMPANY IN ONE YEAR
- Article from:
- PR Newswire
- Article date:
- March 7, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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AUSTIN, Texas, March 7 /PRNewswire/ -- Effective March 8, Progressive, the 9th largest writer of automobile insurance in Arkansas, will reduce its rates nearly 1 percent statewide and expand its product to include policies for all drivers in the state. Previously, Progressive offered auto insurance only to drivers classified as high-risk, or non-standard.
This is the company's second rate reduction in the state in the past 9 months. In June of 1994, Progressive lowered its Arkansas auto rates an average of 3.9 percent statewide.
"Together with our independent agents, we have worked hard to reduce our overall expenses and pass along those savings to consumers ...