Racist Geico Ad: This guy does everything but bow

I watched or listened to the first five seconds of this ad about 200 times before watching it all the way through (simply for the purpose of using it at this blog.)  Thank god for the Skip Ad feature, but the first five seconds are painful enough....

1.  What does any of this have to do with car insurance?

2.  Nothing racist at ALL about showing an Asian guy engaging a group of ninjas (or whoever, I don't watch this again) in defense of....something....I don't know.  And of course it's an Asian guy who is just a stupid fat middle-class schlub who has been fantasizing about being a martial arts expert/secret agent when he was supposed to be discussing car insurance.  And I guess all this has to do with "style" which, again, has exactly WHAT to do with car insurance?

Any chance any future car insurance ads will actually explain the coverage offered?  Any chance at all?