Texas Auto Insurance Rates to Decrease for Many GEICO Policyholders
24 March 1999
Texas Auto Insurance Rates to Decrease for Many GEICO PolicyholdersWASHINGTON, March 23 -- GEICO today announced an auto insurance rate decrease of 6 percent for its GEICO and GEICO General policyholders, and 17.3 percent for its GEICO Indemnity policyholders in Texas. These changes are statewide averages, and will vary by location and by individual policyholder rating characteristics. The rate reductions will go into effect on May 1, 1999. "Overall, these rate reductions go beyond those approved by the Texas Department of Insurance for 1999," said Jim Hitt, GEICO's regional vice president. "Safer cars and safer drivers have all led to fewer and less severe accidents and help to reduce insurance costs, especially in liability, injury and uninsured motorist coverages. We are pleased to pass these savings on to our Texas policyholders and new customers who call us for free rate quotes." GEICO uses television, radio, print media and direct mail to attract customers to call its 1-800-841-3000 number, and keeps its rates low by dealing directly with the customer. It is the premier auto insurer offering sales and claim services 24 hours a day, seven days a week. Nationally, GEICO insures more than 3.5 million policyholders and over 5.4 million automobiles. GEICO (Government Employees Insurance Company) and its affiliates GEICO General, GEICO Indemnity and GEICO Casualty companies insure private passenger automobiles and provide homeowner and other types of insurance for qualified applicants. The companies market collectively under the trademark GEICO Direct.