The Government Employees Insurance Company, usually known by the acronym GEICO, is an American auto insurance company. GEICO is a wholly owned subsidiary of Berkshire Hathaway and, as of 2007, provided coverage for more than 10 million motor cars, trucks and other motor vehicles owned by more than 8 million policy holders. GEICO writes private passenger automobile insurance in the District of Columbia and in all U.S. states except Massachusetts. GEICO was founded by Leo Goodwin and his wife Lillian Goodwin in 1936 to market auto insurance directly to federal government employees and their families.[2] Goodwin was inducted into the Insurance Hall of Fame due to the success of the company. GEICO's business model was based on the assumption that such persons would constitute a more financially stable and less risky pool of potential insureds than the general public. After real-time access to computerized driving records became available in the 1970s throughout the United States, GEICO began to insure the general public in addition to its target demographics. GEICO generally deals directly with consumers via the telephone and the Internet, freeing up capital that would otherwise be spent on employing insurance agents in the field and making the company the nation's largest direct writer of private auto insurance.[3] GEICO does market their products through a small number of field agents, most of whom are based near military bases[4]; more recently, GEICO has begun opening offices in locations other than near military bases. These agents are known as GFRs (GEICO Field Representatives). GEICO's advertising strategy incorporates a saturation-level amount of print (primarily mail circulars) and television parody advertisements, as well as radio advertisements. A common tagline used by GEICO is "fifteen minutes could save you fifteen percent or more on car insurance." Another common theme is misdirection, in which the commercial appears to be about an unrelated product (or, in fact, may not even be a commercial) and suddenly changes to become a plug for GEICO. The commercials use a variety of fictional characters such as Speed Racer and Bill Dutchess as well as real people such as Tony Little and Don LaFontaine spoofing themselves. Other commercials relate to a hair loss doctor who has saved by switching to GEICO, a nature show about a fish, and a soap opera of a couple who are breaking up. Another set of GEICO ads involved a fictional reality show called "Tiny House" in which contestants were forced to live in a half-scale house. An additional commercial theme is the promotion of fictional products. In 2006 parody ads featured such products as long distance phone service, tomato soda, fast-food, and a reality TV show - in all cases, the parody portion of the ad ends with "but it won't save you any money on car insurance." After the GEICO slogan is heard, the commercials end with "Why haven't you called GEICO?" This use of fictional products in commercials is reminiscent of the Energizer Bunny campaign for batteries from the late '80s. In another ad campaign, a character would be breaking bad news to another (such as a baseball manager lifting a struggling pitcher for a reliever), but then offer helpfully, "I've got good news," and explain, "I just saved a bunch of money on my car insurance by switching to GEICO!" That news, of course, is of no immediate use at all to the other character. Some of the ads were parodies and/or featured celebrities, including, for example, Esteban. The exchange became parodied for a time while the ads were popular. One of the most watched "I've got good news" spots was a Soap Opera parody featuring television actor Sebastian Siegel. A popular series of well-received advertisements uses cavemen as pitchmen. Also developed by the Martin Agency, the ads center on Neanderthal-like cavemen, no different from modern-day individuals (outside of the somewhat pre-historic facial features), encountering either an ad or commercial with the tagline "GEICO: so easy a caveman could do it," followed by their disgust with the supposed stereotype of caveman stupidity. The ads posit a world where cavemen are still alive and active members of society in the present day, behaving and living nothing at all like the stereotypical caveman. The main characters presented in the ads are affluent, educated, and cultured, eating at fancy restaurants, going to exclusive parties, and seeing their therapists. The humor revolves around the relative normality of the cavemen's presence and their reactions to the stereotype represented in the ads, and their attempts at defending themselves from the stereotype. In 2007, GEICO also launched a social networking site, My Great Rides, for motorcycle owners. My Great Rides is a place for cycle owners to share stories about trips they have taken on their bikes, as well as post pictures of their motorcycles, and comment on other members stories and pictures. The number 7 car of the NASCAR Busch Series is driven by Mike Wallace and is sponsored by GEICO. Commercials involving the race team are of a young boy claiming to be a relative of Mike Wallace and being a better driver. The boy says, "When people see Mike Wallace and the Geico number 7 doing well, they'll think of saving a bunch of money on car insurance. But when they see me, they'll say, 'There goes Lauren Wallace;[10] the greatest thing to ever climb into a racecar.'" The commercials are sometimes presented in an interview fashion, where an unseen narrator speaks to the ambitious go-kart driver. "What do you think of Mike Wallace?" the child is asked, to which he responds, "Whatever, he's out there selling car insurance, I'm out there to win." When questioned on his relation to the NASCAR driver, Lauren shakes his head and concludes, "I didn't say I wouldn't go fishing with the man, all I'm saying is if he comes near me, I'll put him in the wall." To which the narrator questions him, "You don't race in the Busch Series." Lauren replies "Listen, go-kart track, grocery store, those remote controlled boats; when it comes to Mike Wallace the story ends with me putting him in the wall." Another series of advertisement features separate YouTube videos of seemingly nonsensical actions, such as a hallway mattress fight, or a highly unusual collection of expressions uttered by a webcam user (YouTube's Brandon Hardesty). As the videos continue, an announcer states, "There may be better ways to spend 15 minutes online." Similar to the 'Stupid Things' ads, these commercials are also often aired back-to-back. Introduced in September, 2007, this series of ads features an E! True Hollywood Story-type show about famed fictional characters such as Fred Flintstone, Jed Clampett, and even a Cabbage Patch Kid named Ben Winkler claiming to have their cars (the Flintmobile, Jed's 1923 Oldsmobile truck, and a Plymouth Reliant, respectively) insured by GEICO, featuring interviews with made-up investigators (however, the Ben Winkler spot does not have an interview). GEICO's major competitors include State Farm, Allstate, Progressive, Nationwide and USAA. Progressive is particularly countered in their commercials, with many GEICO commercials countering Progressive's claims of being able to quote their rates and those of several of their competitors' rates by stating that GEICO quotes are only available at GEICO.com.
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