Posts Tagged ‘geico’

Website - http://www.geico.com
Located – Chevy Chase, MD
Phone - 1-800-861-8380
Employees – 23,000
Revenue (bil.) - $9.212
Description- The Government Employees Insurance Company, widely known as GEICO, has found that driving down costs brings drivers by the droves into its fold. GEICO has traditionally provided auto and other insurance to preferred low-risk demographic groups (such as government and military employees) but has also begun to sell to nonstandard (high-risk) drivers. In addition to auto coverage, the company’s offerings include motorcycle insurance and emergency road service. GEICO eschews agents in favor of direct marketing through such vehicles as direct mail, TV, radio, and the Internet. Its gecko mascot is one of the most recognized marketing icons. The company is a subsidiary of Warren Buffett’s Berkshire Hathaway.

Source: http://www.hoovers.com

Reviews & Ratings

pepik2000′s Full Review of GEICO Automobile Insurance Group

I’ve been with Geico for about 15 years and have always had excellent response when I needed them. 

I was in an accident a few years ago and the person who hit me had Allstate. Allstate did not respond quickly to either towing my car to a shop or getting me a rental car, but when I called Geico to help me out I had a tow truck and rental car in less than an hour. 

I would recommend Geico to everyone and their rates have always been great for us.

CoachSpike71′s Full Review of GEICO Automobile Insurance Group

Trust is about all you can have when you have auto insurance. I have the best in GEICO! I have piece of mind with a 24hr customer service unit, 24hr claims available, coverage that I am well informed of, and the most easy of all ways to pay. 
With this company you will find the financial strength of Warren Buffet backing your claims, the best rating companies giving them the best ratings (AM Best A++, S&P AAA, and so on…)Consumer Reports Magazine even did an article about how great they are, not to mention the study done by JD Powers that rated them superior across the board. There may be hicups in all companies, but when you are looking for a quality product, and someone to be their for you when you need someone with a great backing, you will find it in GEICO. This company exceeds all expectations and will one day be the largest direct auto insurer in the nation. Get on the bandwagon now and you will understand why so many of us can not be wrong, over 5 million of us love the web access, 24hr customer service, claims service 24hrs, Road Side service, the phenomenal Mechanical Breakdown Insurance (that saved me 1300$ to fix my A/C that my dealer warrenty would not cover), no rate increase for tickets, no rate increase for small at fault accidents, my Dad’s Non Cancelable Policy for life. This company is even recomended by many very large companies as the insurance company of choice for their members (American Institute of Architechs, National Assoc Of Female Executives, Pentegon Federal Credit Union, Assoc of the U.S. Army, The Florida Bar, Society of Profes Engineers, and many alumni and credit unions) I am proud to have insurance, and did big research befor taking this policy. Once you go with GEICO you are with them for life….. 

hj4567′s Full Review of GEICO Automobile Insurance Group

I have read many opinion’s on GEICO and some of the most disturbing to me are the people who say “What a joke, this company could not save me any money”. Well as an insurance agent I can say one thing. If you are insured by Insurance World, Big Gorilla, or any of these smaller companies, yes the rate probally will be a little more with GEICO or any other major company. These smaller compaines are known as non-standard or “high risk” compaines. They start their customers at a very low rate and then increase it as they go. 
Most major or “preffered” insurance companies only write policies with other preffered drivers. So if you are a good driver and you get a policy with other good drivers, you rate probably won’t go up as much as if you were insured with a “high risk” company which insures mostly high risk drivers that can not get a policy with a preffered company. These types of drivers have more accidents, so guess what? Your rate increases because of these losses. 
Plus people not only get insurance just to be legal. It’s to protect yourself. What type of company do you want on your side. “Insurance World” or a large company with a name you can trust. You pay for what you get. 
Cheaper is not always better. 

Source: http://www.epinions.com