Progressive Offers Policy for Segway

February 20, 2003

Leading auto insurer Progressive Corp. has written the first insurance policy for the much-ballyhooed Segway, known as “IT” before its unveiling last year.

The Mayfield Village, Ohio-based company will offer liability, liability only, and liability/comprehensive insurance packages to Segway owners. The self-balancing, self-powering device goes on sale March 1 for $5,000 only on Amazon.com.

The Segway may be covered by some existing home or auto policies if it is stolen from home, so far only Progressive is offering a policy with all lines of coverage.

Representative quotes on full coverage annual policies (liability, comprehensive and collision) range from $92 in suburban Cleveland to $259 in midtown Manhattan.

The policy is available through local independent agents.

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