GEICO Homeowners and Renters Insurance: An In-Depth Review


Having homeowners or renters insurance is always a good idea. In most cases, it’s even required by the lender or landlord. Unfortunately, there’s no one best homeowners or renters insurance provider out there, so it’s crucial that you review several options before choosing one.

In this article, you’ll learn about GEICO’s homeowners and renters insurance programs, and whether they’re right for you.

About GEICO

GEICO stands for Government Employees Insurance Company, and it was established in 1936. As the name suggests, the company was created to provide auto insurance only for federal government employees and their families.

It wasn’t until 1974 that GEICO started offering insurance products and services to the general public. Now, the company is the second largest auto insurer in the U.S. and offers several other insurance products as well.

GEICO homeowners and renters insurance

GEICO doesn’t underwrite or service its homeowners and renters insurance policies. Instead, it relies on a network of partner companies that do the job for you. So, for example, if GEICO chooses Liberty Mutual to underwrite your policy, you’d make your payments to and make your claims with Liberty Mutual rather than GEICO.

As such, it can be hard to determine coverage and feature information for GEICO homeowners or renters insurance policies, because it can vary wildly depending on which partner they choose to work with you.

How much does GEICO charge for homeowners and renters insurance?

Again, it’s hard to say for sure how much these policies cost because GEICO doesn’t underwrite or service its own policies. The following factors go into determining your policy premium:

Homeowners insurance

  • The home’s replacement cost
  • Age of the home
  • Fire protection in your area
  • Claims history in your area
  • Your claims history
  • Desired coverage
  • How long you’ve been with the company
  • Your deductible
  • Your credit score
  • “Nuisances” like pets, swimming pools, and trampolines

Renters insurance

  • How many units are in your building
  • Desired coverage
  • The type of coverage you choose: actual value or replacement value
  • Claims history in your area
  • Your claims history
  • Special coverages, including jewelry
  • How long you’ve been with the company
  • Your credit score
  • Your deductible

Each of GEICO’s partner companies weigh these factors differently, so the only way to know for sure is to get a quote through GEICO’s website.

One thing that can lower the cost of your policy is if you have another GEICO insurance policy in place. For example, if you have your auto insurance through GEICO, you could get a discount on both policies, even if the homeowners or renters policy is through a partner company.

Customer satisfaction

While GEICO doesn’t have much to do with its homeowners and renters policies, the company still receives praise from its customers. In fact, the company was ranked fourth in J.D. Power’s 2016 home insurance study.

The company received “better than most” ratings across the board. That includes:

  • Overall satisfaction
  • Policy offerings
  • Price
  • Billing
  • Interaction
  • Claims

So, if you’re concerned about getting a policy through GEICO and having to work with another company, don’t be.

How to apply for GEICO homeowners insurance

If you want to get a quote for GEICO homeowners insurance, check out SuperMoney’s review page and apply. Here’s the step-by-step application process.

1.) Enter your zip code and start the quote process.

Geico home insurance

2.) Enter your personal information, including name, date of birth, address, and when you want to start coverage.

Geico home insurance

3.) Fill out some basic information about how you will be using the residence and who will reside there.

Geico home insurance

4.) Enter more detailed information about the house and property, including the makeup and condition of the home.

Geico home insurance

5.) Enter information about protections your home has against losses, including smoke detectors, burglar alarms, and more.

Geico home insurance

6.) Submit your application and review your quote. GEICO will give you a quote within seconds, which you can adjust depending on your coverage needs and deductibles. You can then go on to officially apply and get your final premium based on your full profile.

How to apply for GEICO renters insurance

If it’s renters insurance you need, the process is a bit simpler. This is because renters insurance only covers your belongings, not the structure you live in. Here’s the step-by-step application process.

1.) As with homeowners insurance, you’ll start by entering your zip code so GEICO can create a quote for your specific area.

Geico renters insurance

2.) Enter your personal information, including your name, date of birth, address, and whether you have an existing GEICO policy.

Geico renters insurance

3.) Review your quote and adjust it depending on your coverage needs and deductible. If you move on to purchase the quote, GEICO will ask you more questions about the type of unit you live in and your coverage needs.

You’ll then get a final quote based on your answers.

Is GEICO homeowners or renters insurance right for you?

When it comes to getting homeowners or renters insurance, there’s no one best company out there for every area in the U.S. Insurance companies are regulated on the state level, so while GEICO may be the cheapest in one state, another company may beat it out on price in another.

If customer experience is important to you, GEICO has proven time and time again to have great customer satisfaction. The problem is that you won’t actually be working with GEICO on your homeowners or renters policy. So, once you go through the quote process and find out which company you’ll be working with, make sure to research that company.

While GEICO’s policy bundling discount may be enticing, it’s critical that you shop around to see what kind of prices and features other insurance companies offer. As you shop around, you’re much more likely to get the best offer available to you.

After you buy your policy, don’t forget to do an inventory of everything you own, says John Bodrozic, co-founder of HomeZada. “If the home is destroyed or significantly damaged, homeowners have a documented inventory of their things, and they are more likely to be properly reimbursed when making a claim.”

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