How much does Geico Insurance spend on advertising per year?

+1 vote
asked May 25, 2019 in Insurance by stsid1 (320 points)
How much does Geico Insurance spend on advertising per year?

1 Answer

0 votes
answered May 25, 2019 by Grahlu (51,270 points)
The Geico Insurance company spends a whole lot of money on advertising each and every year.

It's reported that the Geico Insurance agency spends on average of $1.2 billion dollars annually on advertising fees and making advertisements.

So that would mean that for every $100.00 insurance premium that Geico Insurance collects $6.00 of that $100.00 Insurance premium payment goes towards advertising.

Allstate spends around $900 million on advertising while State Farm Insurance company spends $800 million on advertising per year.

That's astonishing and astounding as that's a lot of money spent on advertising.

Geico is the highest spender when it comes to advertising.

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