Smart Auto Insurance Blog

Diane Levick in the Hartford Courant reports that Travelers Auto Insurance is expanding into the direct-to-consumer sales market. Unlike many major auto insurance companies, Travelers has solely relied on independent insurance agents until now. However, with an increasing amount of policies sold directly (two-thirds as of 2007), the company has joined firms such as Progressive Auto Insurance and Hartford Auto Insurance in selling through both avenues.

Currently, the Travelers auto insurance quotes available online or over the phone will be identical to those available through agents, though the insurer reserves the right to change those rates in either direction.

A Business Wire press release has announced that Geico plans to lower its rates for Georgia auto insurance! The company’s representative states that on average, the same policies will cost 2.3% less than they did previously. She credits greater efficiency with better Geico insurance quotes at the same time other insurers in Georgia are increasing premiums.

The decreases go into effect on February 8th for existing policies. They apply to newly bought policies immediately.

(Photo credit: sarahee under CC 2.0)

Happy new year to Mike Campbell: the Associated Press reports that Geico has selected him as its new CFO (chief financial officer) and senior vice president. He was the associate controller and a vice president. Before that, he was their manager of corporate financial reporting. Campbell has been with the company since 1982.

This decision is probably a good thing for consumers looking for Geico insurance quotes. Warren Buffett owns Geico through his Berkshire-Hathaway firm, and even today is renowned for his sharp investment and business decisions that help keep his companies in good financial shape. It’s a good sign that Campbell knows Geico well, because he can help it maintain or better its current position as the 3rd-largest auto insurance company in America (based on written premiums over the past 12 months).