|[January 04, 2013]
GEICO coaches young adults through its new site 'On Your Own'
WASHINGTON --(Business Wire)--
It's a new year and new resolutions are underway for many young adults.
They're leaving their parents' homes and moving out of town, out of
state and out of their comfort zone, according to new data from the U.S.
Census Bureau. While they're making big moves, many young adults are
also faced with making big financial decisions for the first time on
To help overcome some of these challenges, GEICO
has created GEICO's
On Your Own, a website that addresses a variety of topics to help
young adults tackle everyday financial decisions such as car buying,
renting and managing their money.
"Many young adults are going to college or starting a new job in a new
city," said Janice Minshall, GEICO's assistant vice president. "GEICO's
On Your Own has a number of resources available to help young adults
make smart decisions as they start being on their own."
More young adults are also buying new cars, reports the J.D. Power and
Associates' Power Information Network. Through GEICO's On Your Own site,
young buyers can learn the difference between buying
andleasing a car, how to save
money and the real
truth behind auto insurance. For example, are red cars the most
expensive vehicles to insure The answer is no.
GEICO's On Your Own also offers tips on finding
the right apartment, signing
a lease and how to tackle financial burdens such as credit
cards and identify
"With the increase of student loans and credit card debt, it's important
for young adults to learn how to be financially responsible," said Mike
Campbell, GEICO's chief financial officer. "Now is the time for them to
start practicing good financial habits and getting the right insurance
in place so that if something happens, they are protected."
For more information on auto buying, renting and being financially
responsible, please visit www.geico.com/onyourown.
GEICO (Government Employees Insurance Company) is a member of the
Berkshire Hathaway family of companies and is the third-largest private
insurer in the United States. GEICO handles auto
insurance coverage for over 11 million private passenger auto
policies and insures more than 18 million vehicles (auto & cycle).
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