Introduction
For over 90 years, Geico Insurance Company has been providing a wide range of insurance products to individuals and businesses across the United States. Founded in 1928, Geico has grown to become one of the largest insurance companies in the country, and is the second-largest provider of auto insurance in the United States. From auto insurance to life insurance, Geico has a range of products to help people protect their assets and finances. In this article, we will look at the history of Geico, what types of insurance products they offer, and how they differ from other insurance companies.
History of Geico
Geico began in 1928 as the Government Employees Insurance Company, and was founded by Leo Goodwin Sr. and his wife Lillian Goodwin. The Goodwins believed that government employees should have access to affordable auto insurance, and so they began offering auto insurance policies to government employees at discounted rates. Over the years, Geico has grown to become one of the largest and most respected insurance companies in the United States. Today, Geico has over 15 million customers and is the second-largest provider of auto insurance in the United States.
Types of Insurance Offered by Geico
Geico offers a wide range of insurance products, including auto insurance, life insurance, health insurance, homeowners insurance, renters insurance, and business insurance. Geico also offers special programs for members of the military and retired government employees. Geico’s auto insurance policies cover a variety of vehicles, including cars, trucks, motorcycles, boats, and recreational vehicles. Geico’s life insurance products include term life insurance, whole life insurance, and universal life insurance. Geico’s health insurance plans include individual health insurance, family health insurance, and group health insurance. Finally, Geico offers a range of business insurance products, including commercial auto insurance, workers’ compensation insurance, and liability insurance.
How Geico Differs from Other Insurance Companies
One of the main ways that Geico differs from other insurance companies is that they offer discounts to customers who are members of the military or retired government employees. Additionally, Geico offers discounts to customers who have multiple policies with them, as well as discounts to customers who have a good driving record. Geico also offers discounts to customers who use their online services, such as their website and mobile app. Finally, Geico offers a variety of other discounts, such as discounts for good grades, discounts for safe driving, and discounts for certain types of vehicles.
Conclusion
Geico has been providing a wide range of insurance products to individuals and businesses across the United States for more than 90 years. Geico is the second-largest provider of auto insurance in the United States, and offers a wide range of other insurance products, including life insurance, health insurance, homeowners insurance, renters insurance, and business insurance. Geico also offers discounts to customers who are members of the military or retired government employees, as well as discounts for multiple policies, online services, good grades, safe driving, and certain types of vehicles.