Is Progressive Insurance an example of surefire competition?
Perfectly competitive market?
"> No. There IS no perfect competition.
But they own set the "gold bar" on phone center workflows.
No. Progressive insurance is an example of deceptive exposure. Progressive insurance compares their rates to those of any two other companies, which they select, and tells you which rate is the least out of those three. This make you believe that rate is the lowest available.
However, there is frequently another company, not included in the comparison, beside a much lower rate than any of the three quotes that Progressive tells you. Source(s): I called Progressive for a rate quote. They give me prices for themselves and two other companies. All three were much more expensive than what I was paying (at the time of the quote) to a company that they did not mention.
Related Questions:
"> No. There IS no perfect competition.
But they own set the "gold bar" on phone center workflows.
No. Progressive insurance is an example of deceptive exposure. Progressive insurance compares their rates to those of any two other companies, which they select, and tells you which rate is the least out of those three. This make you believe that rate is the lowest available.
However, there is frequently another company, not included in the comparison, beside a much lower rate than any of the three quotes that Progressive tells you. Source(s): I called Progressive for a rate quote. They give me prices for themselves and two other companies. All three were much more expensive than what I was paying (at the time of the quote) to a company that they did not mention.
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- Does anyone enjoy Progressive for Homeowners Insurance?