Geico to offer $2.5 billion in auto insurance credits due to coronavirus stay-at-home orders

Auto insurance credits - person riding motorcycle

The car insurer announced that it would be offering these discounts to motorcycle and vehicle policyholders. Geico announced this week that it would offer about $2.5 billion in auto insurance credits. The offers will go out to 19 million vehicle and motorcycle policyholders whose policies will renew between April 7 and October 7, 2020. The announcement was made by the car insurer in a published statement as well as in a tweet. The statement explained that Geico customers don’t need to take any additional action to take advantage of the…

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Will State Farm lose its US auto insurance dominance to Geico?

US Auto insurance - Hands and car

If current trends continue, the United States will have a new top vehicle insurer by 2022. For decades, State Farm has held onto the top spot among US auto insurance companies. That said, if recent trends keep up as they have been, it won’t be long before it loses its crown to a much younger rival. State farm has suffered business losses as a result of several steep rate hikes in recent years. The leader in US auto insurance has suffered steep losses after a spectrum of notably large rate…

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GEICO Insurance issues advice to drivers for the holiday season

GEICO Insurance - Driving on winter roads

The auto insurer is reminding drivers of the importance not to rush while on the road. GEICO Insurance has issued an official notice to the drivers it covers, reminding them of the importance of slowing down and driving safely even at this busy time of year. The insurer is urging motorists to remember what is truly important during the holidays. Throughout the end of November and all the way through December, many of us are rushing around trying to make sure our holidays will be the best ones yet. Whether…

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Best insurance workplace in Indianapolis title goes to GEICO

best insurance workplace industry jobs

A survey sponsored by The Indianapolis Star revealed that the insurer took the top spot for the third year in a row. GEICO has been recognized as the best insurance workplace in Indianapolis for the third year in a row, according to a news release. The title was given to the insurance company based on the results of an employee survey. The Indianapolis Star sponsored a survey issued to company employees throughout the city. The questions focused on a range of different workplace culture issues and how much employees felt…

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Geico auto insurance rates headed skyward in Illinois

Geico auto Insurance

The average premiums increase is expected to be 3.5 percent, according to state records. Geico auto insurance will be increasing its rates in Illinois next year. The company, which is owned by Berkshire Hathaway, will raise premiums by an average of 3.5 across the state. The new Illinois auto insurance rates will become effective on February 6, 2017 for policy renewals. This is not the only increase being issued by Geico auto insurance. In fact, the insurer has been making similar announcements across the country. Throughout 2016, the average policy…

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Auto insurance premiums continue to rise in the U.S.

allstate auto insurance

Falling gas prices bring more drivers to the roads Auto insurance premiums are on the rise in the United States, and this may be due to falling gas prices. Global oil prices have been falling, which has resulted in lower gas prices for drivers in the U.S. As such, many consumers have been traveling more frequently. According to the Maine Turnpike Authority, some 16 million cars passed through tolls this year, which is the highest number of vehicles passing through tolls that the organization has ever recorded. More drivers on…

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Gas prices may affect the cost of auto insurance

gas prices pump fuel auto insurance

Auto insurance premiums spike as gas prices fall Falling gas prices may be having an impact on the cost of auto insurance coverage in the United States. Earlier this year, analysts suggested that as much as $75 billion will be cut from the cost of gas by the end of this year. Drivers would be saving a total of $1 billion in fueling costs over the Labor Day weekend alone, largely due to the fact that fuel is getting less expensive. The average price of as is currently $1 per…

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