When Progressive Insurance’s Progressive Car Insurance in New York City announced in March that it would be selling a progressive car insurance policy with an “Affordable” premium, many people were surprised to learn that the policy would also include a deductible of $200,000.
Progressive, the company that makes Progressive Car insurance in New Jersey, has a long history of supporting progressive policies.
Progressive was also a member of the Progressive Insurance Alliance, a group that lobbies for progressive policies and has lobbied against the Affordable Care Act.
Progressive also recently hired former Democratic National Committee (DNC) Chair and former Vice President Joe Biden to head its policy and legislative affairs group.
However, some progressives were surprised that Progressive Insurance would be promoting an Affordable policy, given the company’s history of advocating for policies that have been criticized by insurance analysts and consumers.
Progressive Insurance has had a rocky relationship with its customers, who have complained about Progressive’s progressive policies, and it has also come under fire from insurance experts.
Progressive is now trying to rectify its mistake by releasing an update to its policies, which the company says will “better align” with the Affordable care law.
Progressive says that it will not offer policies with a deductible higher than $300,000 because the deductible is currently set at $2,700.
Progressive will also be offering policies with an additional $300 deductible on top of the $200 deductible.
Progressive has also launched a campaign to reach out to its progressive customers and encourage them to enroll in the policy.
The company says that while the policy will have a deductible in excess of $2.7 million, it will still be a great policy for anyone with an existing policy.
The new policy is priced at $1,000, which means that it is not quite as expensive as some of the pricier Progressive policies, like Progressive Car Insurer and Progressive Personal Protection.
Progressive hopes that customers will use the $1.0 million deductible to offset their premiums.
Progressive said that the plan will cover the cost of “pre-existing conditions” including “existing car, motorcycle, and other vehicles.”
Progressive is offering the policy with a minimum deductible of just $100,000 and no deductible limits.
The policy is currently available in New England, California, and New York, and is available for purchase now through ProgressiveInsure.com, Progressive Insurance, and Progressive.com as of Thursday, May 12, 2017.