How GEICO Became the Second Largest Auto Insurance Company in the U.S.

ALEAJI UZOMA | May 9, 2019

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One frequently asked question we often get is this: Is GEICO a good car insurance company?
The answer is primarily ‘yes’ and in this article we are going to be exploring how GEICO insurance company grew to become the second largest car insurance company in the United States. To learn more about getting the best insurance rate, read this article.How GEICO startedThe Government Employees Insurance Company started out in 1936 by Leo Goodwin who was a former employee of USAA and his wife Lilian.Leo Goodwin realized that federal employees, as a group, would constitute a less risky and more financially stable pool of policy holders compared to the general public and would make better than average drivers, with this assumption he started out GEICO auto insurance company. Despite the presence of the word government in its name, GEICO insurance company has always been a private corporation not affiliated with any U.S. government organization.

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A Fairfax backed company, started by Kamesh Goyal, Digit is here ‘To Make Insurance Simple’. With that as our mission, we are reimagining products and redesigning processes. We are going back to the basics and building simple and transparent insurance solutions, that matter to people. We call our employees, ‘Simplifiers’ because that is their ultimate goal here. Our Chief Simplifiers are from insurance, tech and e-commerce, helping us shape this digital-first company.

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