GEICO stands for Government Employees Insurance Company.
GEICO was founded by
Leo Goodwin and his wife
Lillian Goodwin in 1936 to market auto insurance directly to federal government employees and their families. GEICO's business model was based on the assumption that such persons would constitute a more financially stable and less risky pool of potential insureds than the general public. After real-time access to computerized driving records became available in the 1970s throughout the United States, GEICO began to insure the general public in addition to its target demographics. There is some completely worthless information for you all to chew on!! I need to get out of this house...