Berkshire Hathaway Auto Insurance Review (2021)
Berkshire Hathaway owns GEICO insurance, which offers auto, home, property, and commercial insurance. It is the second-largest auto insurer in the United States. Warren Buffett’s investment strategies brought Berkshire Hathaway's revenue in 2015 to over $210 billion. Berkshire Hathaway offers a variety of different specialty insurance options through affiliates. The main company offers public auto coverage for vehicles such as limousines, escort vehicles, emergency ambulances, funeral director cars, and rental options. A.M. Best has rated Berkshire Hathaway A++ in Financial Strength and rates them highly in other categories, too.
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Written by
Leslie Kasperowicz
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Reviewed by
Daniel Walker
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UPDATED: Feb 19, 2021
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- Berkshire Hathaway was founded in 1955.
- Auto insurance is available through the Berkshire Hathaway-owned company GEICO.
- GEICO auto insurance is the second-largest auto insurer in the United States.
Although there is no Berkshire Hathoway auto insurance, they do own GEICO, which offers different types of auto insurances coverage.
Berkshire Hathaway was founded in 1955. It became a company when Valley Falls Company and Hathaway Manufacturing Company merged.
Valley Falls Company was in the textile mill industry and Hathaway was in manufacturing. When they merged, their business was failing. They had to continue to close down mills over the next decade. Originally American Centennial, the name Berkshire Hathaway stuck in 2015.
Learn more about Berkshire Hathaway below and make sure to use our free insurance quote tool above to start comparing auto insurance rates today!
Table of Contents
What is Berkshire Hathaway’s specialty insurance history?
By the 1960s, Warren Buffett started to buy stock after each new mill closed. After he watched the steady decline, he decided to purchase the majority of the shares giving him control over the company.
Buffett realized that he needed to expand into different investments to keep things afloat. Through his different investments, Berkshire Hathaway became one of the biggest companies in the world.
Its shares, at $215,500 a share, on the New York Stock Exchange are the most expensive on Wall Street.
Due to his investment strategies, Berkshire Hathaway’s revenue in 2015 was over $210 billion. Buffett is listed in the top 3 for Forbes’ top 10 world billionaire list, outdone only by Bill Gates and Amancio Ortega.
His net worth is $60.8 billion. Although Berkshire Hathaway owns a wide variety of different types of companies, GEICO is their car insurance company.
They were acquired by Berkshire Hathaway in 1996. They are the second-largest auto insurer in the United States.
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Is Berkshire Hathaway an insurance company?
Berkshire Hathaway offers a variety of different auto insurance options through affiliates. They themselves offer public auto coverage for vehicles such as limousines, escort vehicles, emergency ambulances, funeral director cars, and rental options.
Although they don’t offer private auto insurance, they do own GEICO which offers a variety of private auto insurance options along with many others.
Does Berkshire Hathaway own GEICO?
GEICO offers many different insurance options. Their main insurance is auto insurance. They are the second-largest auto insurer in the United States.
Their different insurance options are:
- Auto
- Homeowners
- Renters
- Condo
- Motorcycle
- ATV
- Boat
- Umbrella
- RV Insurance
To view all of their insurance options you can visit their website.
What are other Berkshire Hathaway insurance products?
GEICO provides a list of Berkshire Hathaway affiliates. These providers offer various coverage options.
How do I file Berkshire Hathaway claims?
Berkshire Hathaway rates and claims can be found by visiting their website or calling an agent.
Berkshire makes it easy to file a claim. They offer a couple different options for filing a claim. The first option is calling their toll-free number (800) 661-6029. You can also report the claim by using their claims website.
Their site is helpful and has additional resources through their portal tool. They offer different member services such as:
- Viewing policy and billing information
- Printing insurance certificates and ID cards
- Making payments
- Signing up for “Simply EFT”
Enter your ZIP code to learn more about what rates apply to you and your area.
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How do I contact Berkshire Hathaway customer service?
Berkshire Hathaway offers different customer service tools on their support page. They offer services during business hours from 7 a.m. to 7 p.m.
There is no Berkshire Hathaway auto insurance phone number. But customer service can be reached by phone or via email. Customers can also log into their online account to contact an agent for any questions they may have.
What are Berkshire Hathaway’s ratings and consumer reviews?
Berkshire Hathaway and GEICO are both highly rated insurance companies. A.M. Best has rated Berkshire Hathaway A++ in Financial Strength, for example, and rates them highly in other categories, too.
Below, see the comparison between GEICO and other insurance companies based on consumer reviews.
| Auto Insurance Companies | Average J.D. Power Regional Ratings (out of 1,000) |
|---|---|
| GEICO | 830 |
| Allstate | 826 |
| Progressive | 818 |
| Auto-Owners Insurance* | 841 |
| Esurance* | 836 |
| Liberty Mutual Insurance | 810 |
| Nationwide | 808 |
| Travelers Insurance* | 818 |
| Safeco* | 810 |
| USAA* | 891 |
If you’re looking for a GEICO auto insurance review follow the link or be the first to leave a comment at the bottom.
How do I file GEICO claims?
Since Berkshire Hathaway personal auto insurance doesn’t exist, you will need to file claims with GEICO.
GEICO offers the option to file a claim online with their claim services page. They also have a contact option on their website to help get you connected with an agent with any questions you may have.
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How can I get a Berkshire Hathaway quote?
You cannot get a quote directly from the Berkshire website. If you want to get a quote, you will have to speak to an independent agent directly.
If you prefer the flexibility of knowing how much your auto insurance rates might be before you talk to an insurance agent, then you should use our free quote tool.
This no-obligation tool allows you to compare auto insurance quotes from multiple well-respected companies all in one place.
You can also find other insurance coverage, such as commercial and homeowners, through Berkshire Hathaway GUARD insurance companies and Berkshire Hathaway Homestate insurance companies.
Enter your ZIP code and get your free auto insurance quotes right now.