Geico Car Insurance - Geico Insurance Company
Geico Insurance Company is an insurance leader within its industry. Although it offers Geico car insurance for traditional motorists, the company's original intention when it was founded in 1936 was to sell vehicular insurance to federal employees and their families. This selective demographic for Geico car insurance was based on the belief that such individuals were more financially stable than the general public.
The acronym Geico stands for Government Employees Insurance Companies Operations. After car insurance companies began collaborating in the 1970's to compile actual car insurance statistics, the company changed its mode of thinking and began to offer car insurance to the general public. As of the year 2009, Geico Insurance Company insures more than ten million automobiles that are owned by approximately seven million customers. In 1996, Geico was acquired by Berkshire Hathaway as a subsidiary. This move by the head or Berkshire Hathaway, Warren Buffet, was considered to be a shrewd investment. Geico has received frequent admiration for the low automobile insurance rates it offers servicemen and women in the United State military. These rates become even lower during times of war, and it has attracted more business on behalf of Geico. In addition to car insurance, Geico also offers motorcycle, boater, home, mobile home, and renter's insurance.
Leo Goodwin, the original creator of Geico Insurance Company, endured a considerable amount of risk to create his company. Established in the midst of the Great Depression, Geico survived to become a success story. His original ideology of marketing to specific demographics was created with the intention of keeping the company's operating costs low. In this manner, he could extend his savings to his customers by offering low rates and still maintaining a profit. Geico Insurance company maintains offices in forty two states, and the company currently employees nearly twenty two thousand employees across the country. The heads at the forefront of Geico believe that the future of the company is brilliant, and it is making a strenuous effort to ensure that the company hires knowledgeable associates to uphold the company's reputation for excellent customer service.
Geico Insurance Company is also somewhat famous for its advertising gimmicks involving a gecko. The gecko has a Cockney accent, and he has been displayed prominently in multiple nationwide advertising campaigns. Geico is also notable for its lack of insurance agents. The company deals with its clients directly through the phone and the Internet; thus, capital is freed to further benefit existing policyholders. Through its unusual origins and business practices, Geico Insurance Company has firmly established itself as a leader in the automobile insurance industry.
Compare car insurance quotes from Geico Insurance Company and America’s leading insurance providers.
Geico is a registered trademark of Geico. Geico is not affiliated with, nor does it endorse or sponsor, the contents of this webpage or the InsureWish.com website. Trademarks referring to this provider are used by InsureWish.com for nominative purposes only; to identify the source of the products from which the information is provided. Such trademarks are solely the property of the respective owners.
Auto Insurance Providers
