Who owns Geico car insurance?

This question is about GEICO

Mark Towers, WalletHub Credit Card Analyst

@MarkTowers • 06/18/21 This answer was first published on 06/20/19 and it was last updated on 06/18/21.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Berkshire Hathaway Inc. owns Geico. Berkshire Hathaway, led by well-known investor Warren Buffett, is a multinational conglomerate holding company headquartered in Omaha, Nebraska.

Warren Buffett has owned shares of Geico stock since 1951, after an impromptu visit to the auto insurer’s headquarters. He made a second stock purchase, reportedly of a million shares, in 1976. Twenty years later, impressed with the direction that Geico was heading, Buffett’s holding company made a $2.3 billion cash offer to buy all the Geico shares that Buffett did not already own. As a result, Geico became a subsidiary of Berkshire Hathaway in 1996.

Geico Corporation is headquartered in Washington D.C., and Warren Buffet serves on its board of directors.

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How to Get a Geico Online Quote

Go to www.Geico.com
Click the button for the insurance type you want… read full answer

Click “Start Quote”

Answer the questions

Wait for your emailed quote

More Information About How to Get a Geico Online Quote

If you want to get a Geico auto insurance quote online, look for the car symbol at the top of the page, enter your zip code in the box next to it, and click the button labeled “Start Quote.”

You’ll be asked a series of questions, starting with “How can Geico help you today?” Then, you’ll fill in information about yourself, including your age, education, occupation, and any driving violations or accidents in your recent past. You’ll also answer questions about your car, its usage and mileage, and your current insurance, if any. Finally, you will note any other members of your household that need to be on your policy.

Give Geico your email address and you’ll get a quote back from them in about 15 minutes. They will base the quote on your state’s minimum coverages and the information you provide. You will also have the option of going to a “build your own quote” tab if you want to see how changing coverage and deductibles in this baseline policy would affect your premiums.

If you have problems with Geico’s online quote system, or you’d prefer to speak with a representative, you can also get a quote through a local Geico agent or by calling (800) 207-7847. Plus, Geico auto insurance customers can get personalized quotes for other types of insurance through the Geico app.

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Is Geico a good insurance company?

Yes. Geico is a good insurance company. Geico has been providing insurance since 1936, and it has an A+ Better Business Bureau (BBB) rating. It also ranked 2nd in WalletHub’s latest comparison of the cheapest major car insurance companies.

Geico’s NAIC rating is 1.601, however, which means it has received more complaints than the average insurance company. On the other hand, it may be encouraging to note that Geico is a wholly owned subsidiary of Berkshire Hathaway, which boasts famous investor Warren Buffet as its chairman and CEO.… read full answer

A+ BBB rating

AA+ S&P rating

A++ A.M. Best rating

Average rating of 2.9/5 among user ratings on WalletHub

NAIC rating of 1.601

Geico offers a wide variety of insurance products, including policies for your home, vehicle and business, through a network of affiliates as well as non-affiliated companies that specialize in writing different types of insurance policies. You can also bundle policies from Geico for a multi-policy discount.

Vehicle

Property

Business

Renters

Identity protection

Jewelry

Life

Travel/Overseas

Umbrella

You can get a free quote by contacting Geico online or over the phone at 1 (800) 207-7847.

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How do I get the Geico referral discount?

Geico does not have a referral discount for bringing new customers to the company. That’s not unusual, though, since 7 of the 10 largest insurers do not provide an auto insurance discount for referring friends and family to become new customers, and the ones that do often have strict eligibility rules.… read full answer

The closest thing Geico has to a referral discount is its affiliate discount program. More than 800 organizations partner with Geico to earn their members a discount of up to 8% off a Geico car insurance policy. If your university, employer, fraternity, sorority, charity, or other association referred you to Geico, you can get the discount applied to a new policy. If you’re already a customer, just call Geico at 800-207-7847 to have your rate adjusted.

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