GEICO is more than just the budget-friendly insurance company with the gecko mascot and catchy ads. It's a popular auto insurance company in the United States...and for good reason! It has a 97% customer satisfaction rate (based on an independent study by Alan Newman Research) and is the second largest auto insurance company in the country.
More than 75 years in the business: The Government Employees Insurance Company (GEICO), was founded in 1936 by Leo Goodwin with a focus on government employees and military personnel. In 1974, the company opened up its products to the general public and now insures more than 24 million vehicles in the States. It was bought by Berkshire Hathway, and has seven affiliated insurance companies to meet a wide range of coverage needs.
GEICO's slogan is '15 minutes could save you 15% or more on car insurance' and it lives up to that claim. It makes the search for the right insurance coverage not only easy, but also affordable.
What ever your vehicle, GEICO has the insurance plan for you. The company covers automobiles, motorcycles, ATVs, boats, and even has a special plan for rideshare drivers.
GEICO offers special deals based on a person's driving history and member affiliation, including:
While the focus at GEICO is on finding its clients the best price, don't think of it as a 'no-frills' insurance company. GEICO offers a wide range of coverage options and programs, depending on your needs.
Coverage plans include:
Stranded alongside the road after some car problems? No problem. Sign up for emergency roadside service. The company also offers Accident Forgiveness coverage, which means your rate won't go up after the first at-fault accident (not applicable in some states).
As people do more and more of their business on the go, GEICO is easily accessible on mobile devices. The company's mobile app allows clients to submit claims and pay their bills with the click of a button.
The US insurance company has great plans for drivers and homeowners but also gives back. It has been a lead donor in programs such as the Girl Scouts Council of the Nation's Capital, Green Efforts, the United Way and Insurance Institute of Highway Safety (to name a few). In 2016, it raised or donated more than $6.6 million and had 9,962 volunteers take part in 824 events. The company also speaks at schools across the country about the dangers of distracted driving.
At the moment GEICO is not offered to Canadian citizens, but that doesn't mean it won't happen in the near future! Lead competitors such as State Farm and Allstate have already made the leap over the border and it wouldn't be a surprise if GEICO did the same. In the meantime, you can shop and compare rates from Canada's top auto insurance providers and drive home great savings.
GEICO is more than just an auto insurance company that dabbles in a bit everything else. It offers a comprehensive wide range of other plans and works with affiliated companies for those clients with more unique needs. And you can save, if you bundle those insurance policies together!
About 1 in 15 insured homes has a claim each year. This insurance company covers:
GEICO will assess the home to find the right plan. A client can save on their property insurance if they have smoke alarms, home security systems, and more than one policy with GEICO.
The company also has plenty of coverage options for businesses, life insurance, travellers, overseas insurance, identity protection and even plans for your pets!
GEICO doesn't underwrite all of these policies, but offers rates through associates to the companies. Essentially, whatever you need to protect, this company can handle it. Plus, you can also sign up to an umbrella policy which will cover up to $1-million above your current auto or homeowners policy (some conditions apply).