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Geico Auto Insurance Review

This Geico auto insurance review confirms that there are few people who are not familiar with this company. This $28 billion company rose to stardom by offering quality products and superior customer service, according to research. Geico is the largest insurer in highly populated cities like New York, Maryland, and Washington, DC.

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Geico offers coverage in all 50 states through its 12 major locations. It employs over 24,000 people, and was initially intended for federal employees and certain military officers. Another reason why Geico is third from the top of the auto insurance company heap is that it maintains its focus on insuring automobiles exclusively.

Geico Auto Insurance Company History

Leo and Lillian Goodwin established this outfit in 1936 in the midst of the depression. Business mogul Warren Buffet saw the potential of the company when he purchased stock in 1951. In 1959, Geico opened its headquarters in Chevy Chase, MD.

By 1964, Geico had one million policyholders and rising. The company went through growing pains in the late 60s and 1970s until it began to offer 24-hour service, 365 days per year, in 1980. This extension of additional customer service propelled the company to a more lucrative status.

Warren Buffet purchased the remaining stock in the company and introduced Geico as a subsidiary of Berkshire Hathaway, Mr. Buffet’s mega enterprise. In the year 2000, the public was introduced to “The Gecko”. In 2010, the company reported 10 million policyholders, and celebrates 75 years in business this year.

Geico Auto Insurance Marketing Strategies

What makes Geico a success in today’s market is partially its marketing approach. This company has one of the most popular auto insurance marketing campaigns today. Some of the familiar commercials feature:

  • The Gecko
  • Caveman
  • Little Piggy
  • I’m Not Your Daddy, I’m Your Grandpa
  • Foghorn Leghorn
  • The Pen is Mightier than the Sword
  • The Buck Stops Here
  • Paper World RV

The company runs approximately 43 commercials to keep the Geico name before the public. Many of these commercials offer comic relief. They also remain in the minds of consumers.

Consumers may also shop online for Geico merchandise, watch the Geico variety show, keep abreast of new developments on social media websites, or receive the company’s newsletter. This insurer is presently introducing a Geico magazine publication. Customers may even get tips on the company blog site.

Geico Auto Insurance Claims

Policyholders get a comprehensive explanation of how Geico conducts the claims process on the company website. If you do not have the internet, the process is explained in company publications as well as by customer services representatives who answer your calls any day or night. At any point, you may track your auto insurance claim online to check its progress.

If your car is in need of repair after an accident, Geico has a special program to streamline the process without multiple phone calls and hassle. This program is registered as Geico’s Auto Repair Xpress, or ARX. When you arrive at the Geico approved repair shop, a Geico adjuster, Enterprise

rent-a-car agent, and auto repair or body shop technician will be there to greet you under one roof.

Geico Auto Insurance and Additional Support

The catastrophe team at Geico is featured on the company site with a message reaching out to victims of recent tornados that touched down in the South in April. The message lets them know the Catastrophe Response Team is en route to their aid. They also send a heartfelt message of sorrow and encouragement.

Geico includes National Weather Service warnings along with links to FEMA or the Federal Emergency Management Agency, American Red Cross, and the Center for Disease Control, which is otherwise known as the CDC. Weather alerts are noted so that policyholders and their families will have time to prepare as much as possible.

Geico Auto Insurance Careers

Geico employees enjoy many opportunities at an entry level or mid career level. This company has numerous opportunities regardless of the direction you want to take your career.

Geico claims to promote team spirit and groom winners. According to research information, they promote employees based on merit and performance.

It is important to have the tools and resources necessary to succeed, and Geico provides these resources to their employees. The company offers training and online education through Geico University. If your aspirations include pursuing a supervisory position, Geico’s management team will train you accordingly. This company recognizes their investment in its employees will shine through the company’s success.

Despite the economic struggle America is facing today, Geico is financially strong and the company wants you to know, they are hiring. Geico is calling all IT professionals, claim adjusters, underwriters, actuaries, sales professionals and other team players. Geico is ready to give you a chance to show them what you are working with.

If you have an entrepreneurial spirit, Geico encourages you to own a Geico agency. Their representatives will guide you through the process of becoming a field representative. These representatives serve government, military, and lay people in the field as GFRs.

Geico Auto Insurance at Home and Abroad

Geico shares its success with the community through the many community-based programs. It participates in numerous humanitarian efforts through its Geico Philanthropic Foundation. The company’s socially conscious efforts are made through GCCC or Geico Corporate Community Citizens.

You can take your Geico auto insurance coverage overseas with you. This company knows they have competitive rates compared to insurance companies abroad. Your Geico coverage is mobile, and will save you money in comparison to international carriers.

Geico Auto Insurance Online Reviews

One of the biggest complaints policyholders have in general are increasing car insurance rates. Some folks never submit a claim yet, at renewal time, their rates increase. While there are some complaints of this with Geico, there is not a large amount.

Others commentators on online forums praise Geico. There are very few policyholders however; who wrote reviews claiming Geico does not pay out. Overall, the majority of policy holders appear happy with this insurer.

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Category: Insurance Reviews

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