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? asked in Cars & TransportationInsurance & Registration · 9 years ago

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?

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  • Shellback
    Lv 7
    9 years ago
    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!

  • Charlie
    5 years ago

    1

    Source(s): Lowest Auto Insurance Premiums - http://autoinsurance.trustdd.com/?pklU
  • Anonymous
    9 years ago

    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?

  • Anonymous
    9 years ago

    NO ! GEICO is not a government involved now. Don't worry about and just relax, Government or not they will provide better service.

    Source(s): http://www.carinsurancequotesinformation.com/
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  • Anonymous
    5 years ago

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