Miami, Florida (PressExposure) July 31, 2009 -- In response to rising costs in Florida Progressive insurance company is adjusting rates and underwriting rules for current policyholders on August 19, 2009. These new rates and rules have been in effect for new business since July 10, 2009.
New and increased discounts along with lower down payments for select customers may lower the impact of a rate increase for some. Now is a good time to review an existing Progressive policy and compare with the new rate at renewal. Most policyholders will continue to enjoy competitive rates from Progressive when compared to other companies. Each policyholder's circumstance will be unique. One notable discount for preferred drivers is a new five year accident free discount.
This discount applies if none of the drivers eligible to be rated have had any incidence of an at-fault accident in the past 59 months. Other qualifying factors for the discount are age, prior insurance, and verifiable driving records.