What does GEICO Stand for?
Government Employees Insurance Company. Puzzled, are you? Well, the name goes back to the beginnings of the company. Founder Leo Goodwin first targeted a customer base of U.S. government employees and military personnel. Today, of course, the company has grown to provide insurance to a wide range of customers, no matter whether they're employed by Uncle Sam or the private sector.
How many Customers does GEICO Serve?
- 9 million auto policyholders and growing
- GEICO insures more than 16 million vehicles
- Third-largest private passenger auto insurer in the United States as reported by A.M. Best 2008 market share data
- Fastest-growing major auto insurer in the U.S., with policies-in-force growth of 8.9 percent in 2008
- Employs 24,000 associates
- Maintains 12 major offices around the country
- Provides 24-hour service, 7 days a week, 365 days a year
- Four affiliated companies to meet insurance needs of drivers
- Tony Nicely, Chairman, President and CEO, Insurance Operations
- Lou Simpson, President and CEO, Capital Operations
In 1996, GEICO became a wholly owned subsidiary of Berkshire Hathaway, headed by Warren Buffett, one of the country's most successful investors. For the past three years (2006, 2007, and 2008), Fortune magazine has named Berkshire's property-casualty insurance operation the most admired in the country.
Who Vouches for GEICO's Financial Strength?
GEICO and its affiliates (GEICO General, GEICO Indemnity and GEICO Casualty) enjoy high ratings in the industry for financial strength and claims-paying ability:
- AA+ rating from Standard and Poor's
- Aa1 from Moody's
- A++ from A. M. Best
- Contact us 24 hours a day, 7 days a week, 365 days a year
- Corporate headquarters:
5260 Western Avenue, Chevy Chase, Md. 20815 - Mailing address:
One GEICO Plaza, Washington, D.C. 20076 - Regional offices:
Fredericksburg, Virginia
Woodbury, New York
Macon, Georgia
San Diego, California
Dallas, Texas
Lakeland, Florida
Virginia Beach, Virginia
Buffalo, New York - Service centers:
Coralville, Iowa
Tucson, Arizona
Honolulu, Hawaii
Since its founding in 1936, GEICO has worked to offer members of the U.S. military the most affordable insurance options. We continue to recognize the troops' important service to our country with special discount programs and service options. Whether they are deployed domestically or abroad, in peacetime, or in times of conflict, GEICO is always committed to providing members of the military the service and respect that they deserve.
Does GEICO Offer More than Car Insurance?
Indeed! In addition to auto insurance, GEICO can help you with:
- Motorcycle, ATV, RV, and Boat insurance
- Homeowners, Renters, Condo, Co-op, and Mobile Home insurance
- Personal Umbrella Protection
- Life insurance
- Flood insurance
- Overseas insurance
- Commercial Auto insurance
- Identity Theft Protection
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