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.
Was this article valuable?
Here are more articles you may enjoy.
PVC Pipes Swept Away by Helene Still Dominate Cleanup of NC River 
Two Past Hurricanes, OIR Data Give Idea of What to Expect From Isaias in Florida 
Alliant Insurance Acquires New Hampshire’s Melcher & Prescott 
TSMC Mulls Multibillion-Dollar Texas Site for More AI Chips 
