“The stock keeps grinding higher as a telematics data advantage turns market-share gains into fat underwriting margins, while GEICO plays catch-up and State Farm bleeds share.”
“Progressive leads in telematics, or the use of GPS in monitoring cars and driving habits to help properly rate risk and in setting premium. While the gap can be closed, Progressive has been more profitably gobbling up market share and passed GEICO last year as the second largest private passenger auto insurer in the U.S.”
Prices are point-in-time snapshots from the named provider. The verdict compares the return since entry against the band above.