GEICO stands for Government Employees Insurance Company. It is an American based auto insurance company. They provide insurances in all U.S states except Massachusetts. They had provided coverage for about 10 million cars, trucks and other vehicles. There are about 10 million policy holders too. The company is owned subsidiary of Berkshire Hathaway. It was founded by Leo Goodwin and his wife Lillian Goodwin in 1936. The insurance company was started mainly for providing auto insurance to government employees and their families.
For getting an insurance policy from GEICO, an individual can either use the phone services or the online facility provided by them. They do not make use of any agents or brokers for getting the clients. This makes GEICO the nation’s largest direct writer of private auto insurance. For marketing of their products, they make use of field agents. They are known as GEICO Field Representatives (GFR). The different types of motorcycle insurance covered by GEICO include street sport, touring, cruisers, scooters and high performance bikes.
Discounts are also offered depending on the type of the motorcycle. It also depends on the maturity of the person who is driving the vehicle. Also they have got packages which will fit into your budget and also provides the necessary coverage. The different discounts offered by GEICO include discounts for Military Safety Course, discounts for mature riders, and multi-vehicle discounts.
For making the payment the company provides a number of options. There is provision to make the full payment. If you choose this type of payment then the extra instalment charges can be avoided. Otherwise you can pay your premium in 2 instalments or in 3 instalments or in 4 instalments or monthly. The customer can choose the plan according to his budget. Payment can be made online using direct check or debit card or credit card. Payment can also be made automatically with the help of Electronic Funds Transfer. Other forms of payment include Interactive Voice Response and Personal check.
The insurance policy will be valid if you are going to other countries for vacation along with your vehicle. They cover about 200 countries. By using the online facility one can get insurance quotes up to 3 cars and 5 drivers. Also, by taking the insurance policy one can save up to 15%. But the online facility cannot be used commercial vehicles and recreational vehicles. In such cases, you can make use of the phone service. If you want to make any changes in the policy you can do so with the help of the online services available. The customer care of GEICO offers good support and services.
Also GEICO gives more discounts to good drivers, mature drivers and multi car families. Discount will also be given if the customer is a part of the organisation in which GEICO has got partnerships. Always it is better to pay the premium once in a year or twice in a year so that some amount of money can be saved.
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