Why won't Progressive refund their customers if they didn't have any claims during the policy period?

"If I didn't use my insurance, why should I still have to pay for it? It would be nice to have that money back."

“The idea behind car insurance (and all other kinds of insurance, for that matter) is that you pay for the right to use it if and when you need it. That’s why Progressive and other carriers won’t issue refunds due to a lack of claim activity.
Though they won’t refund the money you’ve already paid, Progressive may reward you with a claim-free discount, which will reduce your premium for the next policy period and help you save in the long run.”
Sophie Newman
Answered on Jul 26, 2021
Sophie Newman is a writer from California. Her hobbies include brewing her own kombucha, riding horses, and taking long road trips.

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