Auto Insurance Rates in Colorado lowered by Progressive

Progressive Auto Insurance announced today that it is lowering auto insurance premiums in Colorado by an average of 7.4 percent for new and existing customers effective June 30 and August 9, respectively.

"Progressive Direct bases rates on market conditions and our expected cost of doing business. We adjust rates as needed to ensure our policies are accurately priced," said Colorado Product Manager Michele Strub-Heer, Progressive Direct. "We continue to see lower claims costs, especially injury claims costs, as a result of the change from no-fault to tort so we're pleased to pass those savings on to drivers here."

This is the fifth time Progressive Direct has lowered its rates since July 2003 when auto insurance reforms took effect, for a cumulative reduction of nearly 30 percent.