Definition: The term "car insurance quote progressive" typically refers to a premium that is periodically adjusted based on changes in market prices or inflation, rather than simply increasing at regular intervals as in traditional car insurance premiums. In most states or countries where car insurance is sold, you will find this type of rate structure known as progressive premium. In this system, the car's total cost is broken down into several tiers based on factors such as age, mileage, and driving history. The higher-tier rates are then increased slightly each year in line with inflation. For example: - For a 25-year-old driver with a 100K monthly premium, the next tier would be about $370. This increase over time reflects the rising cost of fuel, maintenance, and other factors. The term "car insurance quote progressive" is often used to emphasize that these changes are based on inflation-adjusted premiums rather than fixed amounts at regular intervals. However, it's important to note that not all states or countries have this system, and you may need to check local regulations for a full understanding. If you're unsure about how your rate structure works in your area, consulting with an insurance agent or lawyer can provide specific advice tailored to your specific situation.
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