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GEICO Gets Straight A's for Financial Strength

Low premiums are no bargain if the company you buy insurance from doesn't have the financial resources to pay your claim. With GEICO, you never have to worry.

A wholly-owned subsidiary of Berkshire Hathaway, Inc., GEICO has assets of over $15 billion.

But don't take our word for it. Here's what independent analysts say about GEICO's financial strength:

A++ From A.M. Best

A.M. Best, a leading independent analyst of the insurance industry, has consistently given GEICO its highest A++ rating for financial strength. Only five percent of Property and Casualty companies earn this superior rating.

AAA From Standard and Poor's

Standard & Poor's (S&P) has consistently awarded all GEICO affiliates an AAA rating for financial strength—its highest grade. And GEICO has earned the Standard & Poor's coveted Security Circle designation. That means GEICO underwent S&P's most rigorous review and achieved top ratings for financial strength.

You can receive your fast, accurate rate quote at home, work, or anywhere you like. Plus, your quote can be recalled at your convenience.

To get started, just have your current policy declarations page available.

Then, complete your free customized rate quote with these tips in mind:

• All states have minimum coverage requirements for auto insurance.
• You can adjust your quote amount by changing the coverage limits and deductible amounts.
• Consider carrying a higher deductible to lower your premium. A $500 deductible amount is a popular choice.
• Collision coverage provides protection for your car.
• Liability coverage helps protect your personal assets in the event you are responsible for injuries or damage.
• Be sure to carry enough liability coverage to protect the value of the assets you own.
• GEICO provides many discounts for drivers who qualify.

Please note: GEICO insurance is not available in Massachusetts.

What is Auto Insurance?

It is an agreement between you and your insurer in which you pay the insurance company a certain amount of money and, in return, the company will protect you from major financial losses due to an accident for a given period of time.

Have you ever compared insurance rates with a friend or a family member only to discover your premiums are different? Learn more about how your insurance premiums are determined by viewing this video.

Why Do You Need Auto Insurance?

Auto accidents can happen – even to the best drivers. Insurance can help cover repairs to your vehicle and medical costs. Insurance is your firewall against economic disaster should you cause an accident and there is property damage or injuries to other people.

What is Auto Insurance Coverage?

An auto insurance policy is a package of several primary coverages. The coverages may vary depending on the state where you live. Your premium payment is the total of these separate coverages for a given period of time.

What are the coverages?

• Bodily injury liability coverage – pays for bodily injury or death resulting from an accident for which you are at fault and provides you with a legal defense.
• Property damage liability coverage – provides you with protection if your car accidentally damages another person's property. It also provides you with a legal defense.
• Medical payments, no-fault or personal injury coverage – usually pays for the medical expenses of the driver and passengers in your car incurred as a result of a covered accident regardless of fault.
• Uninsured motorist coverage – pays for your injuries and, in some circumstances, certain property damage caused by an uninsured or a hit-and-run driver. In some cases, underinsured motorist coverage is also included. This is for cases in which the at-fault driver has insufficient insurance.
• Comprehensive physical damage coverage – pays for damage to your car from theft, vandalism, flood, fire, and other covered perils.
• Collision coverage – pays for damage to your car when it hits or is hit by another object.

In addition to these basic coverages, GEICO offers:

• Emergency Road Service
• Rental Reimbursement
• Mechanical Breakdown Insurance

Why should I buy my auto insurance from GEICO?

• Most customers save money because we offer some of the most competitive rates around.
• You can reach us any time, day or night, any day of the year.
• You deal directly with GEICO.
• Policyholders like our service: consumers consider us among the top five auto insurers in customer satisfaction.
• We settle claims quickly and fairly.