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n=e.getConfig();"smartphone"===n.device&&("finance"===n.property&&"crunch"===n.ytheme&&e.addElementListener(t.searchInput,"click",(function(){var n,o;n="search_input_focus_click",null!==(o=re())&&(oe[n]||(oe[n]=o)),e.addElementListener(t.searchForm,"click",(function(){if(t.ybar){if(t.ybar.classList.contains("ybar-searchbox-assist-fullscreen"))return;t.ybar.classList.add("ybar-searchbox-assist-fullscreen"),t.ybar.classList.add("ybar-searchbox-assist-fadein")}if(!document.documentElement.classList.contains("ybar-overlay")){document.documentElement.classList.toggle("ybar-overlay"),document.body.classList.add("ybar-overlay-noscroll");te("ybar","websrch","",{elm:"expand",subsec:"searchbox",itc:"1"})}}))})),e.addElementListener(t.searchBoxPlaceholder,"click",(function(){zt(e,t)})),e.addElementListener(t.searchBoxPlaceholder,"keydown",(function(n){var 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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};ge("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat($n)),notifLabel:document.querySelector(".".concat(Xn))};t.notifDropdown&&so(e,t)}))}()}};]]>Courtney Carlsen, The Motley FoolSat, November 15, 2025 at 2:47 PM GMT+1 5 min readProgressive is a leading auto insurer in the U.S. that has a long history of delivering market-beating returns.The company consistently outperforms its peers thanks to superior risk management and pricing ability.The business has pricing power, and it is well-equipped to grow alongside the economy and in inflationary periods.10 stocks we like better than Progressive ›The stock market has gotten expensive! According to the Shiller price-to-earnings ratio, which tracks long-term valuations, we're nearing the most expensive market ever. In this backdrop, it can feel intimidating to put money to work, but opportunities are always available somewhere. The Motley Fool recommends holding at least 25 different stocks to provide diversification and smooth out your investment returns over time.One standout option to consider is Progressive (NYSE: PGR). It has faced some industry-specific challenges this year; as a result, the stock is down 25% from its all-time high. However, I think the dip presents a fantastic buying opportunity for investors. Here are three reasons why.Progressive's primary business is automotive insurance, a product that is always in demand because people want to protect themselves against financial losses. Additionally, every state requires some form of minimum liability coverage to drive, and auto lenders often require full insurance on leased or financed vehicles, making coverage non-optional for most drivers. This provides its business with steady demand.Furthermore, the industry is highly competitive, and Progressive is well-positioned as the second-largest U.S. auto insurer today, with a 15% market share, trailing only State Farm.Being a top auto insurer means Progressive has a wide-ranging exposure and can spread risk across millions of drivers nationwide. Its scale also enables it to negotiate more favorable repair and parts costs and acquire customers at a lower cost.Strong demand for auto insurance provides Progressive's business with a tailwind; however, the company's biggest strength lies in its ability to assess risk and select and price policies appropriately.Because the auto insurance industry is highly competitive, companies can only compete on price and coverage, striking a balance between the two. If you pursue growth excessively, you may expose yourself to additional risks. But if you don't take on enough risk, you may not grow as quickly.Progressive strikes a balance between the two. Over the past two decades, the company has consistently generated roughly $8 in underwriting for every $100 in premiums earned. In the highly competitive insurance industry, where all insurers break even, on average, Progressive's stellar underwriting stands out.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,759.25 +4.00 (+0.06%)Dow Futures47,174.00 -55.00 (-0.12%)Nasdaq Futures25,131.50 +37.50 (+0.15%)Russell 2000 Futures2,394.90 -1.10 (-0.05%)VIX19.83 -0.17 (-0.85%)Gold4,089.50 -4.70 (-0.11%)PortfolioSign in to access your portfolioSign inTop gainersCDTX Cidara Therapeutics, Inc. 217.71 +111.72 (+105.41%)SRRK Scholar Rock Holding Corporation 37.41 +7.34 (+24.41%)AVDL Avadel Pharmaceuticals plc 23.56 +4.32 (+22.45%)LGN Legence Corp. 40.27 +6.95 (+20.86%)CSIQ Canadian Solar Inc. 33.58 +4.96 (+17.33%)Top losersDGNX Diginex Limited 10.53 -2.97 (-22.00%)STUB StubHub Holdings, Inc. 14.87 -3.95 (-20.99%)HTFL Heartflow, Inc. 27.98 -2.96 (-9.57%)EOSE Eos Energy Enterprises, Inc. 13.80 -1.40 (-9.24%)CLSK CleanSpark, Inc. 10.96 -1.02 (-8.51%)Most activeNVDA NVIDIA Corporation 190.17 +3.31 (+1.77%)ONDS Ondas Holdings Inc. 7.18 +0.62 (+9.45%)OPEN Opendoor Technologies Inc. 8.12 -0.44 (-5.14%)TSLA Tesla, Inc. 404.35 +2.36 (+0.59%)PFE Pfizer Inc. 25.06 -0.73 (-2.83%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersBTC-USD Bitcoin USD 94,630.21 -614.51 (-0.65%)NQ=F Nasdaq 100 Dec 25 25,131.50 +37.50 (+0.15%)ES=F E-Mini S&P 500 Dec 25 6,759.25 +4.00 (+0.06%)ETH-USD Ethereum USD 3,116.86 -32.48 (-1.03%)YM=F Mini Dow Jones Indus.-$5 Dec 25 47,174.00 -55.00 (-0.12%)Top economic events