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Geico Home Insurance Review 2021

Find out why Geico’s policies are attractive to its existing customers in this Geico home insurance review.

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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.

To get home insurance quotes in your area, call 855-948-5219 or enter your zip code in our free quote tool:

Table of Contents

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.

While Geico does offer home insurance, the company acts as a broker instead of offering direct policies. The company partners with 31 underwriters, including Liberty Mutual and American Family.

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

Pros Cons
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
Dwelling $239,100
Other structures $23,910
Personal property $167,370
Loss of use $47,820
Liability $300,000
Medical payments to others $1,000 per person
Replacement cost Yes
Expanded coverage Yes
Deductible $1,000
Monthly Cost $116.16

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.

  1. Multi-policy: Bundling Geico auto and homeowners insurance policies can lower auto insurance premiums
  2. Home security systems: Discounts for alarm system installation
  3. 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!”

Our Conclusion

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.

Because different home insurance companies have different offerings, we recommend getting quotes from multiple providers in your area. For free quotes from companies near your, call 855-948-5219 or enter your zip code in the tool below:

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

Provider Geico Lemonade Amica®
Provider Geico Lemonade Amica®
Our score 98 83.50 96.60
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)
BBB Rating A+ B+ A+
Years in Business 84 5 113
24/7 Claims Service
Protective Devices/Safety Features Discount
Bundling Discount
Mobile App
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 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 Information

  • 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

Our Methodology

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 reviews@thisoldhousereviews.com.