July 21, 2006, Newsletter Issue #26: Getting To Know GEICO Auto Insurance Company

Tip of the Week

GEICO auto insurance company is a private insurance firm that deals directly with consumers. They do not use auto insurance brokers or agents to develop policies. Instead, customers who use GEICO deal with the company directly through the telephone and Internet. Since there are no insurance agents to pay, GEICO can offer low auto insurance rates that many full-service insurance companies cannot. GEICO was founded in 1936 in Washington, D.C. to insure government employees and their families. In fact, GEICO is an anagram from Government Employees Insurance Company. In the 1970s, GEICO began marketing their services to the general public after computers made it possible to access driving records across country.

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