4 days ago
Geico is most famous for their creative advertising and television commercials, and their little gecko mascot has made them one of the most widely-known companies in the nation. Geico stands for Government Employees Insurance Company, and for much of its early history that was their target market. In 1974, under new leadership, Geico began offering insurance to the general public. However, a rate of rapid expansion led to a massive loss of revenue, and the company was forced to reorganize and downsize.
State Farm is one of the nation's leading insurance companies as they have been around the block a time or two in their 92 years of service. One of the leading aspects of the company is their network of agents across the nation and Canada, and also that they take pride in serving others, such as taking part in community help efforts across the nation.
Progressive Insurance was founded in 1937 by Joseph Lewis and Jack Green in order to provide vehicle insurance in innovative ways. They were the first company to offer drive-in claim service and the first company that allowed customers to pay their premiums in installments rather than large lump sums. Throughout the 1960s, the company continued to grow and expand and by 1987, they finally reached $1 billion in premiums.
USAA insurance was founded on the principles of people helping people, when 25 military men agreed to insure each other's vehicles when no one else would. Memberships are open to U.S. military service members, veterans with an honorable discharge and their eligible family members, with some policy types available to the public.Since its founding, USAA has expanded the services they offer to include other types of insurance as well as banking for all Armed Forces members, past and present, and their families.
Allstate is the second largest provider of personal insurance and the largest publicly-held insurance company in the United States. The company offers many other types of insurance, including homeowners, life and fire insurance, and has expanded into Canada. However, Allstate does not seem to be the fastest or most efficient company when it comes to handling claims.
The American Automobile Association, or AAA, started as a driver and road safety organization in the early 1900s and has developed into today's highly recommended auto insurance company in Northern California, Nevada and Utah. The headquarters remain in California, and reports state that over four million policies are active.
Erie Insurance was founded in 1925 and is headquartered in Pennsylvania. The company offers their financial services and insurance products to many in the eastern United States. The company offers their customers all of the basic coverages which one can expect in an auto insurance policy, with several added features. Some of the added features and benefits are available without adding additional charges to the policyholder.
In business for over 150 years, Travelers Insurance is one of the nation's largest property casualty companies. Having grown tremendously, Travelers currently has over 30,000 employees, along with 13,000 independent agents and multiple market segments across the personal, business, international and financial insurance groups. The company operates within the United States. It also operates within the United Kingdom, Lloyd's of London, Canada and the Republic of Ireland. Ultimately, this expansion is precisely what has caused it to rise in popularity, making it become what it is.
American Family Insurance wide range of products and services, including auto, home, life and health insurance, as well as retirement products. With a focus on providing a wide range of insurance types, the company's slogan is, "All your protection under one roof." However, many of their competitors offer a much greater selection, giving customers greater variety, so they can put together a highly customized insurance policy.
Farmers Insurance was founded in 1928 and is currently headquartered in Los Angeles, California. Originally designed to meet automobile insurance needs for farmers and ranchers, who had statistically better driving records than those living in metropolitan areas, the company has grown with agents in 50 states.