Online Car Insurance Tool That Lets Drivers Name Their Own Price Pushes Progressive Near the Top of InformationWeek 500

Tenth year Progressive named to list; first time in top five.

MAYFIELD VILLAGE, Ohio .— Using technology to improve the experience of shopping for car insurance has put Progressive near the top of the InformationWeek 500, InformationWeek magazine’s annual ranking of the country’s most innovative users of business technology. Progressive has made the list every year for the past 10 years, but this is the first time it has landed in the top five.

One of the key drivers of Progressive’s number number three ranking on the list is Name Your Price®, the company’s exclusive online tool that lets customers decide what they want to pay for car insurance. Shoppers enter basic information about themselves and their vehicles on progressive.com, and Name Your Price displays the available package of coverages, limits and deductibles closest to the price they’ve entered. Users can also drag a “slider” bar to the right or left, and coverage options are changed on the fly making it easy for users to see how their price selection affects their coverage.

In addition to ranking third on the overall InformationWeek 500, Progressive also placed first in the Insurance category.
Key Facts

* Progressive ranked number three on the InformationWeek 500, InformationWeek magazine’s annual list of the country’s most innovative users of business technology.
* This is the 10th consecutive year Progressive has been named to the list and the first time it has been ranked in the top five.
* A key driver of Progressive’s ranking is Name Your Price®, an easy-to-use online tool that lets customers choose the car insurance coverages they want at a price that fits their budget.

Quotes

Ray Voelker, Progressive’s chief information officer
“Being named to the InformationWeek 500 tells us that our effort to make car insurance easy to understand is paying off. Being recognized by our peers in the IT world is really an honor.”

“Name Your Price — like all successful Progressive innovations — is the result of close collaboration between Progressive’s IT and business groups. We all come to the table with the same objectives — to make insurance easy to shop for, buy and own.”

“Progressive is exciting from an IT standpoint because we’re all about customer choice, flexibility and innovation, and you need technology to accomplish those goals.”