One of the major benefits of GEICO, the company, is that it belongs to Berkshire Hathaway. Berkshire Hathaway has a lot of cash flow due to Warren Buffet’s investment style. You will not have to worry about the financial strength of GEICO. GEICO has done an amazing job of creating brand awareness for their company. Who hasn’t heard of the gecko commercials?  The gecko is always telling us how we can save money with GEICO Car Insurance.

Checking with the Better Business Bureau, the various GEICO companies have mostly been accredited by the Better Business Bureau and ratings vary from B+ to A+ to no rating yet. In fact, the worst GEICO company I found had a complaint filed with the Better Business Bureau at a rate of one per day, but even that company managed to survive. Most of the complaints with the company had to do with advertising and sales practices and were resolved by the company.

It is not hard to see how a company could get into trouble with advertising.  GEICO Car Insurance regularly advertises with statements claiming to save money over other insurance companies. If you look at their website, you will currently find a claim of an average savings of $500. This claim is actually based on customer surveys, so if that one isn’t accurate, who is to blame? The company or the customers who didn’t report the correct numbers?

On the flip side, any company that can receive an A+ rating must be doing something right. If all I knew about GEICO was that it was owned by Berkshire Hathaway, I would consider it a great company to do business with. Warren Buffet believes in companies that are well managed. No service type company would be considered well managed if they didn’t take care of their customers. In the service industry not taking care of your customers is a fast track to bankruptcy.

So what coverage does GEICO offer? Basically, the full array:

- bodily injury liability

- property damage liability

- medical payments

- uninsured motorist

- comprehensive physical damage

- collision

- emergency road service

- rental reimbursement

- mechanical breakdown

The nice thing about GEICO is that it is an auto insurance company not a company that finds the cheapest insurance coverage for you from some other company. You deal with GEICO when you buy a policy from them and their customer satisfaction is very high. As with most websites, getting a quote from GEICO Car Insurance is very simple. You type in your information and you will be contacted with the quote.

Once you receive your quote, you should know if you can save money with this company. Have you ever considered, how average savings might be so high? There is an obvious reason. If you get a quote from GEICO and it is higher than your current insurance coverage, would you switch to GEICO? Obviously not. You have nothing to gain by switching, but if the savings were $500 per year, you would switch, wouldn’t you? So would everyone else. So when GEICO Car Insurance surveys their

customers, it isn’t unbelievable that they really did save that much. They are the ones that saved enough to be motivated to switch to GEICO.

With any luck, you too could save that much. Getting a quote online isn’t hard, so what are you waiting for? I recommend comparing your current coverage and premiums to what else is available at least every two years. Even though many people stick with the insurance their parents had, it may not be the best choice financially. If you make it a habit to check every two years, you make it a purely financial decision, not a family tradition.