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Insurance Commissioner Poizner to Congratulate GEICO Aug. 3 for Offering California Policyholders $65.8 in Savings

SAN DIEGO--California Insurance Commissioner Steve Poizner plans to visit GEICOs Poway, Calif., regional office to congratulate GEICO for its recent auto insurance rate decrease. GEICOs decrease represents $65.8 million in savings for its California policyholders.

The statewide average rate decrease is 10.8 percent for GEICO, GEICO General and GEICO Indemnity policyholders, saving policyholders an average of $150.88. The changes go into effect on Aug. 30.

California Insurance Commissioner Steve Poizner noted, GEICO has set an example of leadership and excellent customer service for all insurers in California. This is great news for policyholders.

Greg Kalinsky, regional vice president for GEICOs west coast operations, noted Im so proud of our GEICO associates in California. The rate decrease is a reflection of their hard work and dedication to GEICO policyholders. Were thrilled we can keep our costs low and pass the savings on to our policyholders, and we hope that everyone will go to GEICO.com and see how much they can save with our lower rates.

GEICO (Government Employees Insurance Company) is the fourth-largest private passenger auto insurer in the United States. It provides auto insurance coverage for more than 7 million policyholders and insures more than 12 million vehicles. As a member of the Berkshire Hathaway group of companies, GEICO is rated A++ for financial stability by A.M. Best Company and ranked top in customer satisfaction among property and casualty insurers according to the 2006 American Customer Satisfaction Index survey.