MAYFIELD VILLAGE, Ohio,
Sept. 6, 2018 /PRNewswire/
-- Progressive (NYSE: PGR), the #1 truck insurer and a leader
in Usage-Based Insurance (UBI), is excited to launch Smart Haul,
its ELD UBI program for commercial truck drivers. It's available
now to owner operators and small fleets that have an electronic
logging device (ELD).
Progressive Smart Haul offers qualifying truckers a minimum
savings of 3% on their initial Commercial Auto policy period just
for signing up and sharing their ELD driving data. Many will
save even more. New qualifying truck customers that use an
ELD and sign up for Smart Haul save an average of $1384 on their Commercial Auto policy premium for
the initial policy term. Rates can change over time and depends on
where, when, and how a user drives, according to their ELD driving
data.
ELDs automatically record driving data, including the hours of
service in a day, and were recently mandated (April 1st, 2018) for the vast majority
of owner-operators and small fleets that operate interstate. ELDs
have been widely used voluntarily by larger fleets since 2015.
"We know many drivers are still becoming comfortable with ELDs,"
said John Barbagallo, Progressive's
Commercial Lines President. "And we think turning the ELD
requirement into an opportunity to save some money for safe driving
will appeal to lots of truckers. Our extensive experience providing
UBI to our auto customers through our long-running Snapshot®
program helped us introduce this innovation for the commercial
truck market."
Through our collaboration with ELD vendors, Smart Haul will
collect the same data collected as part of Federal Motor Carrier
Safety Administration's (FMCSA) final ELD mandate ruling and does
not require the driver to get another device.
After years of data collection and investments in research and
development, Progressive began using the Smart Haul name last year
for a precursor program that helped provide truckers with ELD
devices free of charge in exchange for sharing their data for
analysis. That extensive data set, combined with insights gained
from more than twenty-five billion miles of Snapshot driving data,
and working closely with leading ELD vendors allowed Progressive to
create and test the Smart Haul UBI program the company is
announcing today.
To learn more about Smart Haul, call 1-877-656-7707, visit
ProgressiveCommerical.com/Smart-Haul or speak with an agent.
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 us 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 autos and
commercial autos and trucks, motorcycles, boats, recreational
vehicles, and homes. Home insurance is underwritten by select
carriers, including American Strategic Insurance Corp. and
subsidiaries (ASI), our majority owned subsidiaries.
Progressive is the third largest auto insurer in the
country; a leading seller of motorcycle and commercial auto
insurance; and through ASI, one of the top 20 homeowners insurance
carriers.
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 HomeQuote
Explorer®.
The Common Shares of The Progressive Corporation, the
Mayfield Village, Ohio-based
holding company, trade publicly at NYSE:PGR.
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SOURCE Progressive