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Cheap Auto Insurance Company – GEICO

GEICO auto insurance company may be a great choice for those consumers who are very price conscious and searching for cheap car insurance. In every state it is required for a person to have their vehicle insured before they can actually drive it. With the market so full of insurance companies, it is often hard for a consumers to make up their mind about which auto insurance company can provide them with the cheapest auto insurance rate while will still offering comprehensive coverage. Use our free comparison tool at the top of the page to get started finding cheap auto insurance now!

GEICO Auto Insurance Company: History

One of the biggest auto insurance companies in the United States is GEICO Auto Insurance Company. This company was started in the state of Texas around the time the Great Depression hit the United States in 1930. The founders Leo and Lillian Goodwin, first started the company for city officials and government employees, hence the name the Governments Employee Insurance Company (GEICO).

Leo Goodwin knew that if they targeted a specific group of the population they would have more customers, and the company grew immensely until reaching the country’s capital; Washington D.C. in the year 1936.

Leo’s wife Lillian worked alongside Leo by being the bookkeeper and undertaking the accounting tasks of the business. She however, did not limit herself to just accounting; but also worked to underwrite policies, issue rates and market the auto insurance company to GEICO’s potential customers.

GEICO Auto Insurance Company: Significant Dates

Dates that are significant to GEICO Auto Insurance Company are the 1960’s when the company broke the 1 million policy mark, 1996 when the Berkshire Hathaway Investment Firm (managed by billionaire Warren Buffet) made GEICO one of its subsidiaries and 2002 when GEICO passed 5 million policy mark.

GEICO Auto Insurance Company: Rapid Growth

The company that everyone in the United States knows based on the little green Gecko that tells everyone that they can “Save a lot of money by switching their car insurance to GEICO” and the hilarious cavemen commercials has kept growing at alarming rates through out their history. Nowadays the company serves all the states of the U.S. and its assets have climbed to an incredible 21.9 billion dollars! Not only has GEICO grown financially, but they also have an estimated 8 million members spread out across the country, 23,000 associates that take care of those customers and 12 major locations nationwide.

GEICO Auto Insurance Company: Market Leader

GEICO is a market leader in New York, Maryland, the District of Columbia and Hawaii, and they are near the top in many other states. This incredible growth and success has been due to three key elements that GEICO focuses on: excellent coverage, low prices and outstanding customer service. GEICO is rated A (Excellent) by A.M. Best, is the fourth largest private passenger auto insurer in the United States, and is the fastest growing Automobile Insurance Company in the United States with a growth rate of 10% in the year 2006.

GEICO Auto Insurance Company: Discounts And Money Saving Programs

GEICO prides itself in serving customers and marketing their car insurance in unique and innovative ways. In many of the GEICO commercials they announce that they can help you “save 15% or more in car insurance,” however it is important to know that they offer other discounts as well.

GEICO has a multi-car discount which means that if you have more than one car on the policy you can save money. You can also save money if your car has safety features (alarm, air bags, anti-lock brakes) and if you are a member of over 250 organizations that partner with the company.

Other discounts include college graduates, customers who choose to participate in defensive driving courses, good student, military, five year accident free good driver and renewal. It is also of note that in a recent survey made by the company that 97% of its customers were said to be satisfied with the way the company handles their auto insurance service and the customers’ claims. Also, in some states the company grants automatic renewal; so check with your state to see if you qualify.

GEICO Auto Insurance Company: Application Process

When you start applying for a policy from GEICO they give you important information regarding the initial process. They let you know that the coverage is based on each state’s minimum auto insurance requirements depending on whether you buy the policy and that you can adjust the premiums you will pay by changing the coverage and the deductible. They also let you know that a $500 deductible on the policy is one of the most popular deductible levels across the country.

Also, the company allows you to view a “coverage calculator” that allows you to help decide which type of coverage and deductible is best for you. The utility will then ask you the state where you live in, whether or not you have auto insurance coverage at the moment, your estimated value of savings and assets, and if you are still paying or leasing your vehicle.

GEICO Auto Insurance Company: Online Policy Management

If you do decide to sign with GEICO make sure to know that you can manage your entire policy on the Internet. Instead of wasting your time in lines to pay your premium or make a change to your policy at their office, they allow you to do that from the comfort of your own home and at any time of the day. Through their main website you can file and track a claim, add a car, add a driver and even pay your monthly premium through the use of credit card or check.

Compare Cheap Auto Insurance Quotes Now!

If you are looking for cheap auto insurance coverage from a trusted and growing automobile insurer then GEICO Auto Insurance Company may be a great choice. Use our free car insurance quote tool at the top of the page to compare quotes from the top auto insurance companies offering coverage in your area. Compare rates side by side from top insurers like GEICO, AIG, Progressive, Unitrin, Esurance, Nationwide, and more – get started finding cheap auto insurance now!

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