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.
Mustard Maker Caught Pumping Pollutants Into River for Years and Lying About It 
Viewpoint: Japan’s $550B Bet on America鈥擶hat it Means for the US Insurance Market 
Toilet Paper Warehouse in California Destroyed by Fire; Employee Arrested 
Viewpoint: Why Brokers Have Little to Fear and Everything to Gain From AI 
