Progressive plans to raise private passenger auto rates 8% to 12% in 2023: CEO
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Progressive plans to raise private passenger auto rates 8% to 12% in 2023: CEO

Progressive logo glass screen.jpg

Progressive CEO Tricia Griffith has said that the carrier plans to take 8% to 12% of rate in private passenger auto “to catch up and stay ahead of trend”.

On a call with analysts, the executive added, “We thought the largest rate increases were behind us, but this has been a really volatile time, and so we're just reacting to what we’re seeing right now.”

In

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Gift this article