Allstate Corporation is the parent company of Allstate Insurance Company, the nation's largest publicly traded personal line insurance company. Allstate insures one out of every eight cars and homes in the U.S. UU. No, Geico is not owned by Allstate.
Geico is a wholly-owned subsidiary of Berkshire Hathaway, publicly traded and owned by its shareholders, while Allstate is a fully independent publicly traded company. Although Allstate doesn't own Geico, it still owns some of its own subsidiary insurance companies, including Esurance, Encompass Insurance and Answer Financial. In general, the insurance industry is not responsible for many of the emissions; however, insurance companies have had to adapt what they cover with insurance due to the rapid increase in the effects of climate change. Every insurance company determines its rates differently, so even though Geico is among the cheapest car insurance companies, the best way to ensure you're getting the cheapest rate is to compare quotes from several insurers.
