Company: Berkshire Hathaway Inc.
Brand Value: $8,036 Million
Headquarters: Chevy Chase, MD
Year on Year Change: 9%
Year Formed: 1936
GEICO is the second-largest auto insurance brand in the United States, offering coverage in all 50 states and the District of Columbia. After its purchase in 1996 by Berkshire Hathaway, it began a large-scale television and direct response advertising program. Its numerous campaigns, including those featuring its iconic gecko, brought entertainment and humor to the insurance category. Its slogan has long been “15 Minutes Could Save You 15 percent on Car Insurance.” That low-cost focus has meant that policies are sold mainly by direct response, with customers applying for coverage directly to the company via the Internet or over the telephone. The brand also strives to provide excellent service to customers, with the goal of establishing long-term customer relationships.