GEICO Auto Insurance Company of Arizona
While it has certainly garnered plenty of attention with its television ads over the last decade, GEICO Auto Insurance Company may still be a mystery to many. While the ads get their name out to you, they do not do a whole lot to inform you about the company and what it offers.
In order to get the best Arizona auto insurance for you, it is important to consider GEICO Auto Insurance Company of Arizona as your auto insurance provider. Take a few moments to learn a little about this Arizona auto insurance company to get an idea if it could be the right fit for you.
History of GEICO Auto Insurance Company
GEICO was founded in 1936 in Washington, D.C. by the married couple Leo and Lillian Goodwin. The founding principle was to target a specific sector of the auto insurance market in order to serve them better and offer cheaper rates. The target market for the Goodwin's were government employees and GEICO stands for Government Employees Insurance Company.
In 1996, all remaining GEICO stock was purchased by Warren Buffet's investment firm Berkshire Hathaway and is now a wholly owned subsidiary of this firm. With the backing of Berkshire Hathaway, GEICO is at the top of the list of financially sound Arizona auto insurance companies and has a strong marketing presence in both print and television.
Financial Stability Ratings of GEICO Auto Insurance Company
GEICO Auto Insurance Company of Arizona and its parent company currently hold the highest possible financial stability ratings.
- A.M. Best: A++ (Superior)
- Moody's : Aaa
- Standard and Poor's: AAA
The importance of strong financial ratings in a rocky economic climate cannot be overstated. While you don't have to go with a company with the highest possible ratings, you should certainly stay away from Arizona auto insurance companies who have anything less than strong financial stability ratings.
Military Discounts Offered By GEICO Auto Insurance Company
The competition for your business has driven auto insurance companies such as GEICO to offer a wide variety of discounts and ways to save on Arizona auto insurance. As a part of their founding philosophy, GEICO also offers special substantial discounts for members of the American military.
If you are active duty, deployed, retired or a member of the National Guard or Reserves, you may qualify for discounts as high as 15 percent off your total auto insurance premiums.
You may also receive an additional discount under GEICO Auto Insurance Company's new Emergency Deployment Program. If you are deployed to an area that is considered to be an imminent-danger-pay area, you can qualify for this additional discount.
GEICO Auto Insurance Company Products
GEICO is the third largest insurer of private passenger cars in the United States. While this is the foundation of their business, GEICO also offers other types of insurance. Here are the other lines of insurance that are offered by GEICO.
- Boat
- Commercial auto
- Homeowners
- Identity theft protection
- Life
- Motorcycle
- Recreational vehicles (RV, ATV)
- Renters
One way to save on all of your insurance needs is to bundle your auto insurance policy with other types of insurance that you need. This bundling of policies with GEICO Auto Insurance Company can save you on all of your insurance premiums.
Get Your GEICO Auto Insurance Rate Quotes Today
If you want to compare GEICO Auto Insurance Company rates with other Arizona auto insurance companies, you can use the free auto insurance rate finder tool. This shopping tool can help you to compare Arizona auto insurance companies in order for you to get the best rates possible.