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GEICO (Government Employees Insurance Company) is a car insurance firm. Initially, Leo Goodwin, the Founder, targeted a consumer base of US government personnel and military employees. These days, the firm has expanded to offer insurance to a broad range of clientele, whether they are hired by the US government or by a private employer. GEICO is a subsidiary company of Berkshire Hathaway. From 2007, it has provided insurance cover for over 13,000,000 road vehicles owned by over 12,000,000 policy holders.
GEICO was founded in 1936, and aims to be one of the cheapest car insurance companies for US military members. The company claims to value the troops’ service to America, by offering special discounts and services for them. GEICO states that it wants to provide military personnel with a high level of service, irrespective of whether they are deployed at home or overseas, at war or in peacetime.
The State Farm Insurance group is a collection of US financial and insurance firms. The company operates in Canada as well. The company was set up in 1922 by George Jacob Mecherle, a retired insurance salesman and farmer. Since 1942, the firm has been America’s biggest auto insurer. Indeed, approximately, 1 in every 5 vehicles on the road are insured by State Farm. Presently, State Farm is at position 34 on the list of largest Fortune 500 companies.
One distinctive characteristic about the State Farm Auto Insurance firm is that it is a mutual insurance firm. As a result of this, the firm has no shareholders. Furthermore, the State Farm Auto Insurance firm is the parent firm of numerous wholly owned subsidiary companies that offer life and property insurance, mutual funds and banking products.
Often referred to as “The Hartford”, the Hartford Financial Services Group Incorporated is among America’s biggest insurance and investment firms. It is a Fortune 500 firm as well. In 2012, the Hartford’s revenue was $26.4 billion. With over 2 centuries of experience, the Hartford claims to be a pioneer in casualty and property insurance, as well as mutual funds and group benefits.
Famous for its’ jovial spokesperson, Flo, Progressive are among the leading car insurance providers in the US. They started in 1937, featuring the 1st drive in claims bureau, and became the 1st company to introduce cheaper prices for lower risk drivers. Then, they altered the insurance shopping landscape by providing comparison prices on the World Wide Web. These days, they are 1 of the cheapest auto insurance companies on the market, and offer 24/7 online and offline services to every driver in the US.
Nowadays, Progressive customers are able to buy their car insurance straight from the firm online, or over the telephone. Alternatively, they can buy from an independent insurance agent. Prices fluctuate, depending on how the customer chooses to purchase. Since January 2001, Glenn Renwick has been the chief executive officer and president. The company headquarters are in Mayfield Village — a Cleveland suburb of Ohio. Progressive have 25,000 staff in over 450 offices across the country.
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