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Geico may be the 3rd largest car insurance company by market share but no one can argue they own the top spot for the most famous mascots in the car insurance industry with the Geico Gecko, Caveman, and Wee-wee Little Piggy.
Purchased by Warren Buffet and the Berkshire Hathaway Corporation in 1996, Geico today owns over 8 percent of market share in the car insurance industry nationwide.
Almost 1 out of every 12 drivers insure a vehicle with the Geico Insurance Company.
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What does Geico stand for?
Geico is an acronym for the Government Employees Insurance Company.
While some financial companies have slowly shifted or cut back on advertising Geico continues to dominate Madison Avenue with over an $800 million dollar advertising budget in 2009.
Warren Buffet has said he would spend more if there was more advertising to buy! and with the extraordinary success of the Geico campaigns its understandable.
Geico car insurance commercials are some of the most-watched commercials on the web with Martin (the name of Geico gecko) possibly more famous than David Beckham in America.
About Geico Insurance
However, Geico now offers many types of personal lines of insurance including:
Geico Car Insurance Discounts
A lot of drivers choose Geico for the brand, but the company also offers many discounts to help drivers find affordable car insurance.
Drivers can qualify for lower car insurance rates with discounts such as:
With over 9 million policyholders, Geico seems to have a policy for almost every driver.
Drivers can save $859/yr* by comparing car insurance
*based on a survey of 1,000 car insurance customers
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Geico Car Insurance Reviews
This depends on who you speak with but almost every Geico customer we spoke with had nothing but praise for the company.
We have heard comments about how Geico pricing can sometimes be higher than other car insurers, but with such a reputable company backing you, minor premium differences seemed well worth the peace and mind knowing Geico is there to back a claim.
Other consumers have mentioned that Geico lends itself too much to drivers with good credit and good driving records.
A few who have experienced some credit issues or prior moving violations/accident received car insurance quotes priced much higher than comparable brand names.
This is one of the reasons you have to compare car insurance companies diligently as every insurer has a different risk profile.
In our opinion, Geico offers a comprehensive set of car insurance options with highly competitive rates considering the quality of coverage and stability of the provider. Any driver insured with Geico should feel secure.
How can I compare car insurance companies?
Start online and learn about the different types of coverage and your policy options.
Once you are armed with the knowledge of how car insurance works start your search online for reputable companies.
Read car insurance company reviews and always compare policies equally (meaning the same type of coverage, same policy limits, same deductibles etc…).
While auto insurance is mandatory, how much you pay depends on how good of a comparison job you do. Compare car insurance quotes today! Enter your zip code below to get started for FREE!