Geico Insurance Companies: A Comprehensive Review

Geico Insurance Companies is a well-known provider of auto insurance, but did you know they also offer other types of insurance, such as home and renters insurance? With their catchy commercials and friendly mascots, it’s hard to miss this insurance giant. In this article, we’ll take a closer look at Geico Insurance Companies and what they have to offer.

History of Geico Insurance Companies

Geico Insurance Companies, which stands for Government Employees Insurance Company, was founded in 1936 by Leo and Lillian Goodwin. The company was created with the intention of providing auto insurance to government employees and military personnel. The company quickly expanded beyond its original target audience, and in 1996, Geico became a wholly owned subsidiary of Berkshire Hathaway, Inc.

Today, Geico Insurance Companies is one of the largest insurance providers in the United States with over 17 million policies in force. The company has also expanded its insurance offerings beyond just auto insurance.

Geico Insurance Companies Insurance Offerings

Geico Insurance Companies offers a variety of insurance products beyond just auto insurance. These include:

Insurance Type
Description
Homeowners Insurance
Protects your home and personal possessions from damage or loss
Renters Insurance
Protects your personal possessions if you rent a home or apartment
Condo Insurance
Protects your condo and personal possessions from damage or loss
Boat Insurance
Protects your boat from damage or loss on the water or on land
RV Insurance
Protects your recreational vehicle from damage or loss
Life Insurance
Provides financial support to your loved ones in the event of your death
Pet Insurance
Helps cover the cost of veterinary bills if your pet becomes ill or has an accident

Geico Insurance Companies Auto Insurance

While Geico Insurance Companies offers a variety of insurance products, their auto insurance is what they are best known for. Here are some of the features of Geico auto insurance:

Discounts

Geico offers a variety of discounts to help you save money on your auto insurance. These include:

  • Multi-policy discount
  • Multi-vehicle discount
  • Good driver discount
  • Defensive driving discount
  • Good student discount

Coverage Options

Geico offers a variety of coverage options to meet your specific needs. These include:

  • Bodily injury liability
  • Property damage liability
  • Collision coverage
  • Comprehensive coverage
  • Medical payments coverage
  • Uninsured/underinsured motorist coverage

Mobile App

Geico offers a mobile app that allows you to manage your auto insurance policy, report a claim, and even request roadside assistance.

FAQ

What is the average cost of Geico auto insurance?

The cost of Geico auto insurance varies based on a number of factors, such as your driving record, age, and location. However, according to NerdWallet, the average cost of Geico auto insurance is $1,198 per year for a full coverage policy.

Does Geico offer roadside assistance?

Yes, Geico offers roadside assistance as an optional coverage for their auto insurance policies.

Does Geico offer homeowners insurance?

Yes, Geico offers homeowners insurance as one of their insurance products.

Does Geico offer life insurance?

Yes, Geico offers life insurance as one of their insurance products.

Can I manage my Geico auto insurance policy online?

Yes, Geico offers an online portal and mobile app where you can manage your auto insurance policy, report a claim, and make payments.

Conclusion

If you’re in the market for insurance, Geico Insurance Companies is worth considering. With a variety of insurance products, discounts, and a mobile app to manage your policy, Geico makes getting insurance easy and convenient.