GEICO Renters Insurance Overview

GEICO was founded in 1936 by Leo and Lillian Goodwin who initially geared the company’s services to U.S. government employees, which is why GEICO stands for Government Employees Insurance Company. Today, the insurance business has a diverse customer base and offers a wide-variety of policies including auto, homeowners, rental, boat, life, business, travel and umbrella. GEICO is a wholly-owned subsidiary of Berkshire Hathaway, Inc. and has over $32 billion in assets.

What Are GEICO Renters Insurance’s Ratings?

GEICO is highly regarded by financial institutions. The insurance company has been awarded an A++ from A.M. Best, an Aa3 from Moody’s, an AA from Standard & Poor’s and an A from the BBB.

What Coverage Does GEICO Renters Insurance Offer?

Renters insurance policies can vary, but GEICO plans can include the following types of coverage:

- Personal liability that protects you from claims made against you by others.

- Medical payments for those injured on your property.

- Living expenses if your home is destroyed.

- Personal property that’s good for basic belongings up to a certain amount.

- Additional coverage for high-value items, which can raise your rates.

- Identity protection, which is an optional product.

How Does GEICO Compare with Other Renters Insurance Companies?

GEICO is a widely-recognized insurance company that offers quick quotes and affordable plans. The business has agents located around the country and maintains an online and mobile platform so you can conveniently create and manage an account. GEICO offers flexibility with its insurance policies and has a reputation for satisfying customers.

  • AM Best Financial Strength Rating
  • Available 24/7 by Phone
  • Property Damage
  • Guest Medical Protection
  • Liability
  • Personal Property Protection
  • Reimbursed Living Expenses
  • Identity Theft Insurance
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0 votes

I am going to be cancelling my policy with Geico and Assurant Insurance. I have called for 3 days been on hold on the phone for a total of 2 hours and 16 minutes and I still haven't got to talk to anyone in the insurance to file claim. I am going to post on Facebook to everyone that I know do not go with Geico and Assurant they will regret it as I do myself. I will be searching for new insurance today for auto and renters. This is ... the worst insurance company that I have ever had to deal with. More Less

0 votes

Sooooo I got a quote (just a quote) from Geico and they charged my bank account as if I'd gotten a policy through them. I never agreed to anything, I just wanted a quote. Now I'm waiting to get someone on the line to get a refund. What a huge pain for me.

0 votes

Geico has the best customer service, i ever experience. They are always professional. Even though i have not experience the big change on my policy, Geico will always be my car and renters insurance. Thank you and keep up the great work.

0 votes

I'm on the fence about Geico's customer service. They are all nice enough, but I feel like I'm bounced around from person to person when I have a simple question. I have renters insurance only with them and I think it should be simpler to resolve my questions than it has been.

0 votes

For now, I'm in a rental and waiting to see if my car will be fixed or a write-off. Either way, I'm amazed at how efficiently this was handled by the mainstream geniouises at GEICO. No regrets with being with GEICO. Amazing customer service, and yes I did save money

0 votes

They may have the cheapest rates, but pray you never have to use the insurance. They'll get out of paying for damages one way or another. Try to avoid going to the shops they recomend. I had a nasty experience myself with their adjuster. The damages were never repaired correctly .

0 votes

I was so happy with the help I received from two associates when I was looking to get my billing information changed as well as establish renters' insurance. I would recommend Geico to friends and family. Not only were you the cheapest rental insurance in comparison to other, but you were very helpful as well

0 votes

Exellent experience with Geico. They came to my rescue in terms of funds after my apartment was partially burned down. My apartment wasn't burned down, but the smoke damage to all of my stuff was horrible! They provided replacements of many of my items.

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