Every Auto insurance company claims to be the best one for you, they say that switching to them will save you hundreds of dollars a year. There are many successful insurance companies, and auto insurance is the most sought after type of insurance. So which is the best one for you? Let’s compare two of the biggest providers of cheap motor car insurance, Geico insurance, and Progressive Insurance, first a bit of history on each company.
Enter your zip code below to find the best deals on car insurance in your area!
Geico Insurance Company was started back in 1936 by a husband and wife team, their original goal was to provide auto insurance to federal government employees and their families. This original business is what Geico got its name from (Government Employees Insurance Company) Geico originally only offered federal agents insurance because it was thought they were more safe and better drivers than the general public, of course having a car back then was not something everyone had, unlike today. Geico was a privately owned company until the 60’s when a new president came along and made Geico into the powerhouse it is today by making the company public.
However, Geico did not begin to insures the general public until the early 70’s after it became public the company shot off to become one of the biggest companies in the U.S. Geico saves much money on the fact that they do most of their business over the internet and phone, saving costs by not having to pay field agents. Geico is the third largest insurer in the United States, with a revenue around 9 billion dollars
Progressive auto insurance started back in 1937 by two friends and they started to insure people in the Ohio area. They have been the same company for many years offering a great deal on insurance and expanding all over the country over the years. Progressive was the very first company to make use of technology as they offered assistance over the internet and phone before any other company. Progressive is also the first to go and get cheap motor car insurance quotes from other insurers for you and compare them with their own quotes. Progressive is one of the largest companies in the country and has a revenue of about 12 billion dollars.