GEICO: Insurance Claims and Settlements

        GEICO is the third largest private passenger auto insurer in the United States, providing auto insurance coverage for more than 7 million policyholders and insuring more than 12 million cars.  Since 1996, it has been a member of Warren Buffett’s Berkshire Hathaway group of companies. Its ascendancy in recent years has been helped by the tremendously successful marketing involving the once cute but now arguably annoying Geckko.  GEICO now has more market share in Maryland than any other auto insurance insurer, narrowly edging out Allstate.

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        About six years ago, GEICO was very easy to deal with in settling GEICO claims in Maryland.  Prior to this, our accident lawyers rarely filed suit in GEICO claims.  But GEICO has clearly changed their paradigm and started fighting personal injury claims with more vigor to the point where we file lawsuits in most accident claims involving GEICO.   

        Clients who have GEICO insurance who are not bringing personal injury claims against it generally report good relationships with GEICO.  GEICO took the top spot among property and casualty insurers for customer satisfaction in the 2006 American Customer Satisfaction Index survey conducted by the University of Michigan.  Our lawyers think - without any particular empirical foundation – that GEICO offers competitive auto insurance prices, at least in Maryland.   Moreover, I think that GEICO claims adjusters are particularly easy to work with in terms of disposition and their willingness to promptly return calls.  Really, our accident lawyers only disagree with GEICO on one issue:  the value of personal injury cases in Maryland.  But that is what car accident claims are all about in the final analysis.  Accordingly, many of our clients who have claims against GEICO chose to file a lawsuit, as opposed to settling their accident claim with GEICO.

        GEICO handles a few insurance claims in Maryland out of Washington, D.C., but the majority of claims involving Maryland accidents are handled in Fredericksburg, Virginia. 

        If you have been injured in an automobile accident in Maryland where the at-fault driver is insured by GEICO, or if you are filing an uninsured motorist claim against GEICO and you have a question about your claim, call us at 800-553-8082 or get a free GEICO claim evaluation.