Geico Auto Insurance, or the Government Employee Insurance Company was started in 1936 by Leo and Lillian Goodwin. Initially, the company was targeted to enlisted military officers and federal employees.
By the end of their first year, over 3700 auto insurance policies had been written and the company had 12 employees. In 1980, GEICOstarted keeping the phone lines open 24 hours a day, 7 days a week for claims, sales, and customer service. Today, in 2010, GEICO now has over 9 million policy holders.
Pros of GEICO
GEICO, like many auto insurance companies, offers accident forgiveness after 5 years, which means that for every five years of having a clean driving record with the company, they will not raise your already cheap rates if you have an accident. They also have a low price; in comparison with other insurance companies, their quotes have been known to be cheaper by most customers. They have an extremely high rating with A.M Best & Company and an A rating with the Better Business Bureau.
Cons of Geico Auto Insurance
Many users have found they are not guaranteed renewal after their initial service time ended, and those that were renewed stated their new rate quotes went up, even with a clean driving record. This varies from state to state, as some states have been recorded as having worse drivers. In addition, as with all auto insurance companies, your policy can be dropped for various reasons, such as fraud, excessive incidents, or lying to the company on the initial application and the deception being discovered later.Baca selengkapnya »
Geico Auto Insurance, or the Government Employee Insurance Company was started in 1936 by Leo and Lillian Goodwin. Initially, the company was targeted to enlisted military officers and federal employees.
By the end of their first year, over 3700 auto insurance policies had been written and the company had 12 employees. In 1980, GEICOstarted keeping the phone lines open 24 hours a day, 7 days a week for claims, sales, and customer service. Today, in 2010, GEICO now has over 9 million policy holders.
Pros of GEICO
GEICO, like many auto insurance companies, offers accident forgiveness after 5 years, which means that for every five years of having a clean driving record with the company, they will not raise your already cheap rates if you have an accident. They also have a low price; in comparison with other insurance companies, their quotes have been known to be cheaper by most customers. They have an extremely high rating with A.M Best & Company and an A rating with the Better Business Bureau.
Cons of Geico Auto Insurance
Many users have found they are not guaranteed renewal after their initial service time ended, and those that were renewed stated their new rate quotes went up, even with a clean driving record. This varies from state to state, as some states have been recorded as having worse drivers. In addition, as with all auto insurance companies, your policy can be dropped for various reasons, such as fraud, excessive incidents, or lying to the company on the initial application and the deception being discovered later.
By the end of their first year, over 3700 auto insurance policies had been written and the company had 12 employees. In 1980, GEICOstarted keeping the phone lines open 24 hours a day, 7 days a week for claims, sales, and customer service. Today, in 2010, GEICO now has over 9 million policy holders.
Pros of GEICO
GEICO, like many auto insurance companies, offers accident forgiveness after 5 years, which means that for every five years of having a clean driving record with the company, they will not raise your already cheap rates if you have an accident. They also have a low price; in comparison with other insurance companies, their quotes have been known to be cheaper by most customers. They have an extremely high rating with A.M Best & Company and an A rating with the Better Business Bureau.
Cons of Geico Auto Insurance
Many users have found they are not guaranteed renewal after their initial service time ended, and those that were renewed stated their new rate quotes went up, even with a clean driving record. This varies from state to state, as some states have been recorded as having worse drivers. In addition, as with all auto insurance companies, your policy can be dropped for various reasons, such as fraud, excessive incidents, or lying to the company on the initial application and the deception being discovered later.
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