This month, we wanted to give you some interesting numbers and breakdowns of ad budgets and spending from names we all know.
$6,553,000,000
This was the total ad budget for the Top 10 Insurance companies in 2020! Do you know who spent the most? Yes, Geico, who is at $1.552 billion!
Based on the national average cost of car insurance being $1,592 per year, Geico needs to sell 974,874 auto policies to cover this massive ad budget.
So, how much do they make a year? $25.5 billion. Yes, Geico only spends 6% of their revenue on advertising!!
Super Bowl Ads
Many of us watch the Super Bowl for the commercials. I think the commercials from 20 years or so ago are much better. But, looking at the past 22 years, the cost is A LOT more.