Home insurance isn’t always a requirement, but if you want to protect your most valuable asset, it’s a must. Unfortunately, choosing the best homeowners insurance company for your needs can be challenging. Companies vary in coverage, cost, availability, customer service, and more.
The This Old House Reviews Team created this in-depth Geico home insurance review to help you decide if it’s the best fit for you and your home.
Table of Contents
- Our Take on Geico Home Insurance
- Pros & Cons
- State Availability
- Customer Reviews
- Company Information
Our Take on Geico Homeowners Insurance
Geico has a solid reputation and strong financial backing as the second-largest auto insurer in the country. Existing customers can find attractive bundling options that can lower their auto insurance premium.
This adds an extra layer of complexity when it comes to claim tracking and customer service, and coverage and costs might vary. This concern contributed to Geico’s overall score of 98 out of 100, reducing it slightly for the inconvenience.
On Geico’s Better Business Bureau profile, common complaints note sudden increases in premiums and other payment issues. Reviews on the site are largely negative, referencing poor customer service and price increases.
Pros & Cons of Geico Home Insurance
Compare the advantages and disadvantages of Geico home insurance.
Pros & Cons
|Bundling options||Operates as broker, not direct insurer, which means homeowners do not communicate directly with Geico when issues occur|
|Available nationwide||Cost varies by particular partner company|
|Solid financial strength||Fewer discounts compared to other insurance companies|
Geico Home Insurance Coverage
Geico offers all of the industry-standard basic coverage through its partners. The company offers limited add-ons compared to many of its competitors, so its coverage is not particularly flexible.
However, additional coverage may vary depending on the specific insurance partner’s offerings.
What’s Covered with Geico Home Insurance
|Type||Description and options|
|Type||Description and options|
|Dwelling||Pays for repair and replacement of home structures, interior and exterior. Coverage is typically closely equal to the appraised value of your home.|
|Other structures||Pays for repair or replacement of structures that aren’t considered part of your home such as a fence or shed. Geico covers up to 10% of your dwelling coverage amount.|
|Personal property||Pays for covered losses of personal belongings, including electronics, clothing, and furniture. Geico offers coverage for 70% of your dwelling limit.|
|Personal liability||Pays for medical and legal expenses if someone is injured on your property. Geico gives you the option for coverage of $100,000, $200,000, $300,000, $500,000, or $1 million.|
|Loss of use/Additional living expenses||Pays for additional living expenses if your home is temporarily untenable due to damage or destruction. Geico covers up to 20% of dwelling.|
|Medical payments to others||Pays for medical expenses if someone is injured in your home. Geico gives you the option of $1,000, $2,000, $3,000, $4,000, or $5,000.|
|Deductible||The amount you pay during a claim before Geico begins to make payments. With Geico, your options are $250, $500, $1,000, or $2,500.|
Geico does offer umbrella insurance, which increases the personal liability maximum.
The additional coverage does not exclusively relate to homes, as it includes identity theft protection and pet insurance. However, Geico can assist customers with purchasing flood insurance from the National Flood Insurance Program.
Geico Home Insurance State Availability
Geico offers home insurance in all 50 states through its different partners.
Geico Homeowners Insurance Cost
The exact cost of Geico home insurance depends on a variety of factors, including your property value, size, where you live, the coverage limits you select, the insurance deductible you choose, and more.
Because Geico is not a direct insurer, the overall cost might vary between its individual partners.
We requested a quote for a single-family, 2,200-square-foot home in North Carolina with Liberty Mutual as the underwriter.
We found the monthly cost of $116.16 is only slightly above the national average, which is $101, according to the Insurance Information Institute.
Geico Home Insurance Cost
|Type of Coverage||Amount of Coverage|
|Type of Coverage||Amount of Coverage|
|Loss of use||$47,820|
|Medical payments to others||$1,000 per person|
Geico Homeowners Insurance Discounts
Geico typically only offers three discount options, and the dollar value of these discounts could vary between its partners.
When you receive a quote, be sure to look for any discount opportunities and check your eligibility.
- Multi-policy: Bundling Geico auto and homeowners insurance policies can lower auto insurance premiums
- Home security systems: Discounts for alarm system installation
- Fire safety features: Having smoke detectors alarms and fire extinguishers can qualify you for savings
Geico Home Insurance Reviews
Geico is not accredited by the Better Business Bureau (BBB), but the company holds an A+ rating from the organization. However, while there are both positive and negative customer reviews on BBB, its profile shows 1 out of 5 stars from real customers.
Here’s what some had to say about their experience with Geico.
Kenneth A. said:
“I’ve been a customer of Geico for close to 20 years. My kids have had a few accidents and they have been extremely professional and I have zero complaints about the claims they handled. Their service has been outstanding.”
Douglas M. said:
“I have been going back and forth with them for months. They make two different claims. A) I missed a payment. B) I made it, but they received it a day too late. When you pull out my bank statements and prove I never missed a payment, then they go to option B. Which is basically you made the payment, we kept it, but are ignoring it? When that fails, they go back to option A. After getting through to a ‘specialist’ I was assured this was totally RESOLVED. Next month, it’s back. It gets me wondering how many 1000’s they are trying this on to see if people just give up and pay them? A third excuse after all this is they’ve switched you to bi-monthly without your consent or knowledge. Either way that lizard needs to be fried!”
Geico is a trusted company with impressive financial backing. Customers who have existing auto insurance policies through Geico can save money by bundling them with Geico home insurance. The company’s widespread availability is a considerable advantage, along with its easy-to-use website and mobile app.
However, some homeowners may prefer to work directly with their insurance company instead of a broker. Having to go through an additional company for claims, customer service, and more can be seen as inefficient and takes time and additional research. It cannot be overlooked that because there are so many different partners, cost and coverage may vary. We gave Geico a score of 98 out of 100.
Geico vs. Other Home Insurance Providers
Let’s see how Geico Home Insurance compares to other top home insurance providers on the market today.
Geico vs. Other Insurance Companies
|Get a free quote||Not available through This Old House||lemonade.com||Not available through This Old House|
|State Availability||50||23*||48 (not available in AK and HI)|
|Years in Business||84||5||113|
|24/7 Claims Service||✓||✓||✓|
|Protective Devices/Safety Features Discount||✓||✓||✓|
|Underwrites own Policies||X||✓||✓|
*Lemonade home insurance is available in AZ, CA, CO, CT, DC, GA, IL, IN, IA, MD, MA, MI, MO, NV, NJ, NY, OH, OK, OR, PA, TN, TX, VA, WI
For more in-depth comparisons, refer to the following resources:
- Geico vs. Liberty Mutual Home Insurance
- Allstate vs. Geico Home Insurance
- Amica vs. Geico Home Insurance
- AAA vs. Geico Home Insurance
- Geico vs. USAA Home Insurance
Geico Home Insurance FAQs
Who underwrites Geico home insurance?
Geico’s home insurance is underwritten by 31 partners, including American Family and Liberty Mutual.
Does Geico insure homes?
Geico offers home insurance as a broker, partnering with 31 underwriters.
Does Geico offer discounts?
Geico offers multi-policy, home security systems, and smoke detector alarm or fire extinguishers discounts.
- Company name: Geico
- Company type: Public
- CEO: Todd Combs
- Year founded: 1936
- Headquarters: 5620 Western Ave, Chevy Chase, MD 20815
- State availability: 50
- BBB rating: A+
Other Geico Insurance Product Reviews
The This Old House Reviews Team values accuracy, transparency, and trust. With that in mind, we created a thorough, objective rating system to score each home insurance company based on the following six factors:
- Coverage (30)
- State availability (7.5)
- Customer service (15)
- Technology (12.5)
- Reputation (20)
- Additional benefits (15)
Our Reviews Team has a full-time researcher who collects and regularly updates data points from every company to help us compare them on key factors such as coverage, service, and dependability. Read more on our methodology here.
To share feedback or ask a question about this article, send a note to our Reviews Team at email@example.com.