Tag: geico auto insurance

Auto insurance rates are headed up due to claims and litigation

G. Turner
Louisiana Auto Insurance rates

The drivers in Louisiana are familiar with rising premiums, and now they are given another reason why. An auto insurance rates study has added some confirmation for residents in Louisiana who have been wondering why their premiums have been steadily rising and are now continuing to do so. The study didn’t necessarily discover anything new but it did prove what had previously been believed. What it found was that in a state where the auto insurance premiums are recognized as among the highest in the country – particularly in Baton…

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Allstate remains ahead of Geico in auto insurance market

Dan
Allstate auto insurance Geico

Gap between Allstate and Geico begins to narrow Allstate remains the second largest company in the U.S. in terms of auto insurance, but the company may soon lose its position to competitor Geico. Over the past year, the auto insurance sector has seen some volatility due to the frequency of natural disasters and the prevalence of insurance fraud. Despite this volatility, however, several auto insurance companies, such as Allstate and Geico, have managed to generate strong profits. The gap that once separated the two companies is beginning to narrow as…

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Collector car insurance to be offered once again by GEICO

Collector Car insurance

The insurer has re-launched its classic and vintage auto coverage. GEICO has announced that it has now re-launched its collector car insurance, which is designed specifically for the unique coverage needs required for vintage and classic vehicles. Though the insurer had previously ceased that product, it was brought back by popular demand. Policyholders with GEICO expressed a strong desire to have the collector car insurance returned to the marketplace so that they could insure their special vehicles. According to the vice president of the company, John Zinno, “GEICO’s collector car…

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