GEICO Announces Auto Insurance Rate Decreases for Phoenix Policyholders

TUCSON, Ariz., Dec. 14, 2004 -- GEICO announced today that it has reduced auto insurance rates for its policyholders in Phoenix. The average rate decrease is six percent for GEICO and GEICO General policyholders.

"Improved driver experience, which has resulted in a decrease in accidents and fewer losses for our company, is the main reason for the rate decrease," said Martha Furnas, assistant vice president and manager of the company's Tucson office. "We're glad we can provide our policyholders with some savings, and we hope to attract new customers with our lower rates."

Overall premium changes for individual motorists will vary depending on factors such as the coverage they carry and discounts for which they qualify.

GEICO (Government Employees Insurance Company) is the fifth largest private passenger auto insurer in the United States. It provides auto insurance coverage for more than 6 million policyholders and insures more than 9.5 million vehicles. GEICO uses television, radio, print media and direct mail to attract customers to call its 1-800-841-3000 number and to its http://www.geico.com/ Web site, and keeps its rates low by dealing directly with the customer. GEICO offers sales and claim services 24 hours a day, seven days a week. For more information, go to http://www.geico.com/.