Insurance direct marketer, GEICO, has announced that it is lowering commercial auto insurance rates for business owners in Texas.
Commercial insurance packages cover the cars, trucks and vans used in conducting business, including for small businesses such as contractors, retailers, caterers, professional services and others. In addition to providing protection for a variety of business vehicles, GEICO’s business insurance products also include general liability insurance and business owner’s policies through the GEICO Insurance Agency.
The company’s announcement did not specify a percentage decrease in rates that it plans to offer.
GEICO (Government Employees Insurance Co.) is a member of the Berkshire Hathaway family of companies. GEICO handles auto insurance coverage for 11 million private passenger auto policies and insures more than 17.5 million vehicles, the company said.
Source: GEICO
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: Runoff Specialists Have Evolved Into Key Strategic Partners for Insurers 
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
CFC Owners Said to Tap Banks for Sale, IPO of £5 Billion Insurer 
Lemonade Books Q4 Net Loss of $21.7M as Customer Count Grows 
