GEICO Insurance Co: An Overview of Its History, Products, and Services

GEICO is one of the largest insurance companies in the United States, founded in 1936 by Leo Goodwin Sr. and his wife Lillian. The company initially offered auto insurance to government employees and military personnel. Today, GEICO provides insurance products and services to millions of customers across the US.

History of GEICO Insurance Co.

The Government Employees Insurance Company (GEICO) was founded in 1936 by Leo Goodwin Sr. and his wife Lillian. The company was initially created to provide auto insurance to government employees and military personnel. This idea was born when Goodwin realized that government employees and military personnel were safer drivers than the general public. He believed that they deserved lower insurance rates as a result.

GEICO’s first office was located in Washington, D.C. The company grew rapidly, and by 1948, it had more than 12,000 policyholders. GEICO went public in 1951, selling its shares on the New York Stock Exchange. In 1958, GEICO’s advertising campaign, featuring the tagline “15 minutes could save you 15% or more on car insurance,” became a huge success and helped the company establish itself as a household name.

GEICO continued to grow in the following decades. In 1996, it became a subsidiary of Berkshire Hathaway Inc., which is owned by Warren Buffett. Today, GEICO is one of the largest insurance companies in the US, with more than 17 million policyholders and over 40,000 employees.

Products and Services Offered by GEICO Insurance Co.

GEICO offers a wide range of insurance products and services to its customers, including:

Auto Insurance

GEICO is best known for its auto insurance policies. The company offers coverage for cars, motorcycles, RVs, and more. GEICO’s auto insurance policies include liability coverage, collision coverage, comprehensive coverage, and more. Customers can also add on extra coverage options, such as roadside assistance and rental reimbursement.

Homeowners Insurance

GEICO’s homeowners insurance policies provide coverage for a customer’s home and personal belongings. The policies also offer liability protection, in case someone is injured on the customer’s property. Customers can choose from a variety of coverage options, such as fire and smoke damage, theft, and more.

Renters Insurance

GEICO offers renters insurance policies for customers who are renting a house or apartment. The policies provide coverage for personal belongings, liability protection, and more. Customers can choose from a variety of coverage options, such as water damage, theft, and more.

Life Insurance

GEICO offers life insurance policies to help customers provide for their loved ones in case of their unexpected death. The policies provide a lump-sum payment to the customer’s beneficiaries, which can be used to cover expenses such as funeral costs, mortgage payments, and more.

Pet Insurance

GEICO offers pet insurance policies to help cover the cost of veterinary care for cats and dogs. The policies provide coverage for accidents, illnesses, and more. Customers can choose from a variety of coverage options, such as routine care, surgery, and more.

FAQ about GEICO Insurance Co.

What is GEICO’s phone number?

Customers can reach GEICO’s customer service department by calling 1-800-861-8380.

Does GEICO offer discounts on auto insurance?

Yes, GEICO offers a variety of discounts on its auto insurance policies. Customers may be eligible for discounts based on factors such as their driving record, vehicle safety features, and more.

How can I file a claim with GEICO?

Customers can file a claim with GEICO by visiting the company’s website, calling the customer service department, or using the GEICO Mobile app.

Does GEICO offer roadside assistance?

Yes, GEICO offers roadside assistance as an add-on option to its auto insurance policies.

Can I manage my GEICO policy online?

Yes, customers can manage their GEICO policy online by visiting the company’s website or using the GEICO Mobile app.

Conclusion

GEICO Insurance Co. is one of the largest insurance companies in the US, offering a wide range of products and services to millions of customers across the country. The company’s history dates back to 1936, when it was founded by Leo Goodwin Sr. and his wife Lillian. Today, GEICO is known for its auto insurance policies, as well as its homeowners insurance, renters insurance, life insurance, and pet insurance policies. If you’re looking for insurance coverage, GEICO is definitely worth considering.