Article: Progressive Reduces Auto Insurance Rates in Virginia by Three Percent.

GLEN ALLEN, Va., Nov. 11 /PRNewswire/ -- Progressive (NYSE: PGR), one of the state's largest auto insurers, is reducing its overall rates in Virginia, announced David J. Skove, Progressive's general manager for Virginia. The latest decrease, representing an average of three percent, is effective today. It is expected to result in reduced rates for approximately three out of four of Progressive's current policyholders in Virginia.

Skove credits the decrease in large part to lower claims costs and the company's Immediate Response(R) claims service. "We continuously review our rates to be sure they accurately reflect our costs of doing business and adjust them as ...

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