Is the government really a part of car insurance companies like Geico?
I just realized today that Geico stands for Government Insurence Employee Company. Now my friend tells me that all car insurance companies are run by the government. (something I don't trust) Is this true and are their any insurence companies that the government isn't involved with?
Shellback2012-10-22T18:43:48Z
Favorite Answer
No all car insurance companies are not ran by the government and even GEICO is NOT a government owned insurance company anymore. Whoever told you that is an idiot!
Geico is not run by the government. All insurance companies are subject to government regulation. I suppose you think Farmers Insurance is run by farmers?