• $161 Billion industry
• 187 million insured privately owned vehicles on the road
• 20 million people are in the market each year for car insurance
• Expected 2.6% growth in the industry by 2020
• #1 in auto premiums collected according to Berkshire
Hathaway Inc.
• Spent $608 million in advertising in 2013
• “Chaos in Your Town” app and website
• Celebrity endorsers
• Reinvented itself with contemporary marketing, smart digital initiatives and a newfound agility (drivers are relying on do-ityourself rate shopping)
For young adults who need help managing the risks of everyday life, recovering from the unexpected, and realizing their dreams, State Farm is a car insurance company that keeps promises and is built on a foundation of shared values.
Unlike Geico, we will be here whenever you need us.
• #2 in auto premiums collected according to Berkshire
Hathaway Inc.
• Spent $935 million in advertising in 2013
• Unlimited marketing budget
• Original “low cost” insurance
• Does not promise full coverage or good service, it promises low rates
• Saving you money in a short amount of time
For 25 to 47 year olds who prefer to interact using technology,
GEICO is a car insurance company that makes saving money easy.
Unlike State Farm, our service is done in a fast manner with low rates.
• #3 in auto premiums collected according to Berkshire Hathaway
Inc.
• Spent $655 million in advertising in 2013
• Online advertising like the
“holiday decorator”
• Mayhem & Dennis Haysbert
• Football nets in college football
For brand sensitive customers who value local advice and assistance, Allstate is a car insurance company that offers affordable insurance policies. Unlike GEICO, our company offers assurance for customers and local agents.
• Target market: members of the U.S. Military and their immediate families
• Revenue $20.971 billion in 2013 vs. State Farm $68.291 billion in 2013
For members of the U.S. military and military families who defend our country and sacrifice, the USAA is a car insurance company that recognizes your service. Unlike GEICO, our company will provide you and your family with a personalized insurance plan.
• Operates in 19 states
• “All your protection under one roof”
• The jingle – copyrighted in 1965
• 16th in Property and Casualty Insurance Industry
For families who have a lot to worry about, American Family insurance is an automotive insurance company that allows you to protect your hard-earned dreams. Unlike Geico, our company uses a single point-of-contact for all your auto, home, and life insurance needs.
• Online access to their policy
• Quality service
• Low cost is not enough
• Consumers say its a relationship not a commodity
• Personalized protection plans to consumers needs
• Full Coverage is important
• Value honesty, integrity, and making an impact
• Emphasize making connections with customers
• Want to put smiles back on their customers’ faces
• Convenient
• Pioneered Claim Customer Care Centers – handle small claims and adjust rates immediately, 24/7.
• #longlivedreams
• Build customer service relationships
• Know that Happy Customers = Returning Customers
• Set and manage realistic expectations
• Respond promptly
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• We recommend sponsoring little leage and soccer teams in the states American Family Insurance is located.
– Low Cost – Uniforms and Banners
– Families will appreciate they didn’t have to pay for uniforms
– Integrates the brand with family time
– Cost Effective
– Good Cause
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Mayhem." Advertising Age. N.p., 19 Dec. 2013. Web. 18 Sept. 2014.
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Heard of." Reply!Reply!, 11 June 2013. Web. 18 Sept. 2014.
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Marketing. North American Publishing Company, Feb. 2012. Web. 16 Sept. 2014.
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US."IBISWorld. IBISWorld, Jan. 2014. Web. 18 Sept. 2014.
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Insurance Carriers."Bloomberg. Bloomberg, 12 Oct. 2011. Web. 17 Sept. 2014.
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Progressive." The Motley Fool. The Motley Fool, 27 June 2014. Web. 16 Sept. 2014.
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Sept. 2014.
• Pontoriero, Caterina. "Top 10 Best Insurance Commercials on TV."
PropertyCasualty360. PropertyCasualty360, 24 Apr. 2014. Web. 15 Sept. 2014.
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Their Agent."Progressive. Progressive Casualty Insurance Company, 11
Feb. 2002. Web. 15 Sept. 2014.
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Advertising Age. Advertising Age, 21 Feb. 2011. Web. 17 Sept. 2014.
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Advertising Age. Advertising Age, 15 Oct. 2013. Web. 16 Sept. 2014.
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Allstate." Advertising Age. Advertising Age, 08 July 2013. Web. 16 Sept.
2014.
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