Geico Car Insurance Review for 2020
Geico was founded by Leo and Lillian Goodwin in Texas, in 1936. If you've ever wondered why the
name of the company is typically in all capital letters, it's because it has been called Government Employees Insurance Company, or Geico for short. The Goodwins set the company up to offer car insurance at discounted rates for government employees and service members.
Geico joyfully motorized around for a few decades, increasing slowly over time. In 1956, while still a student at Columbia University a young Warren Buffet invested in the business. This would become significant forty years later when Buffett purchased all of Geico's outstanding shares and the insurance company became a division of Berkshire Hathaway from Buffett.
