In This Review: Pros and Cons | Cost & Discounts | Coverage | State Availability | Filing a Claim | Customer Reviews | Conclusion | Comparison | Company Information | FAQ | Methodology

Renters insurance protects the apartment, condo, or home you’re renting and your personal belongings from unexpected events like fire and theft. Geico is one of the best renters insurance companies in the industry, providing coverage for personal property, liability, loss of use, and medical payments to others.

In this Geico renters insurance review, the This Old House Reviews Team compared the company’s coverage and pricing to other top-rated renters insurance companies. Keep reading to learn if Geico is the best renters insurance option for you and your home.

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Pros & Cons of Geico Renters Insurance

Discover the costs and benefits of using Geico renters insurance.

Pros Lower than the average deductible option of $100 Offers a calculator to help you determine how much personal property coverage to get Available in all 50 states
Cons Doesn’t offer many discounts Policies are through Assurant, not Geico

 


 

How Much Does Geico Renters Insurance Cost?

Geico advertises that its renters insurance costs as little as $12 per month, but this price is reserved for people who have a high credit score and live in a new building that’s less prone to repairs.

To give you an idea of what the average person would pay, we went through the online quote process. Here’s a quote for a single woman living in a one-bedroom apartment in Raleigh, North Carolina:

Geico Renters Insurance Cost Breakdown

Area of CoverageCoverage Amount
Personal property$25,000
Loss of use$5,000
Personal liability coverage$100,000
Medical payments to others$1,000 per person
Deductible$100
Monthly cost$16.92 ($27.84 down payment for month 1)

To get your own personalized quote from Geico, have the following information on hand for a speedy quote process:

  • Address
  • Gender
  • Number of people in rental
  • Type of rental
  • Number of units in building
  • Number of pets
  • Date of birth

 


 

Geico Renters Insurance Coverage

Geico offers named-peril coverage for renters across the country. A named-peril policy means that you’re only protected from events specifically listed in the contract. These events include:

  • Fire or lightning
  • Windstorm
  • Smoke
  • Vandalism or malicious mischief
  • Theft
  • Accidental discharge of water
  • Other common loss types

With a named-peril policy, you’ll also receive coverage for the following areas:

  • Personal Property Coverage: This covers the cost of your personal belongings. Through Geico, you get an actual cash value policy, which means they’ll pay for replacements taking into account their depreciated value. You can use Geico’s personal property calculator to determine how much of this coverage to purchase.
  • Loss of Use Coverage: If an event causes you to be temporarily displaced from your home, your policy will cover living expenses, including the cost of a hotel room or temporary rental.
  • Liability Coverage: This covers bodily injury to someone else or damage to their property. For example, if your dog were to bite a neighbor, it would cover their medical bills or the legal fees if that neighbor sues you.
  • Coverage for Medical Payments to Others: If someone is injured in your home, your policy will cover their medical costs up to a certain amount.

Here’s how much coverage you can purchase for each protection category based on North Carolina information:

Geico Renters Insurance Range of Coverage

Area of CoverageAmount Range
Personal property$10,000–$95,000
Loss of use20% of personal property
Liability$50,000, $100,000, or $300,000
Medical payments to others$1,000
Deductible$100, $250, or $500

Additional Geico Coverage for Renters

For an additional monthly amount, you can add coverage for:

  • Replacement cash value
  • Identity theft services
  • Water sewer backups
  • Scheduled personal property
  • Business merchandise
  • Incidental business liability
  • Natural disasters

Geico also has a separate jewelry insurance policy for a higher level of protection.

 


 

State Availability

Geico Renters Insurance is available in all 50 states, so no matter where you live or decide to move you are able to use Geico. If you want to see other providers serving your area, click on your state below:

Alabama | Alaska | Arizona | Arkansas | California | Colorado | Connecticut | Delaware | Florida | Georgia | Hawaii | Idaho | Illinois | Indiana | Iowa | Kansas | Kentucky | Louisiana | Maine | Maryland | Massachusetts | Michigan | Minnesota | Mississippi | Missouri | Montana | Nebraska | Nevada | New Hampshire | New Jersey | New Mexico | New York | North Carolina | North Dakota | Ohio | Oklahoma | Oregon | Pennsylvania | Rhode Island | South Carolina | South Dakota | Tennessee | Texas | Utah | Vermont | Virginia | Washington | West Virginia | Wisconsin | Wyoming

 


 

Customer Service and Claims Support

Geico provides customer service 24 hours a day, seven days a week. You can call Geico for policy questions or file a claim at 800-241-8098. Geico also has a mobile app and an online portal that allow you to access your policy, view the terms of your insurance contract and file a claim if you would prefer not to talk to a customer service agent.

 


 

Customer Reviews

During our reviews process, we searched through customer reviews on many platforms including the Better Business Bureau (BBB). Geico is not accredited by the BBB, but were given an A+ rating by the organization and have received a mix of both positive and negative reviews from their customers. Here is some of what these customers had to say:

Lauren K said:

Had a wonderful experience with a GEICO customer service agent (Maria) regarding a billing error. She was helpful, friendly, knowledgeable and was able to resolve my issue promptly. So far so good!

Eileen R said:

I have always had great service from Geico and every rep I have spoken with has been pleasant and helpful…I have been with Geico for over a decade!

David B said:

I removed my debit card twice from Gieco’s app and they repeatedly hit my account causing overdraft fees.. hundreds of dollars worth due to hard times. They pretty much called me a liar and said no one else complained about the app. Has this been reported before?

 

 


 

Our Conclusion

Geico renters insurance is standard for the industry, covering personal property, liability, loss of use, and medical payment coverage for around $15 per month. While Geico offers few additional coverage options and discounts, you will get affordable deductibles and 24/7 customer service through three avenues—a website, a mobile app, and a telephone number.

Before buying a renters insurance policy through Geico, we recommend getting quotes from at least three companies to make sure you’re getting the best insurance coverage for you and your home.

Compare Renters Insurance Policies & Rates
Answer a few simple questions and we’ll take care of the rest.

 


 

Geico Renters Insurance vs. The Competition

If you’re not sure whether Geico is right for you, compare it to other top-rated renters insurance companies below.

Compare Renters Insurance Companies

CompanyGeicoNationwideAllstate
Known forLow deductiblesCredit card coverage in the basic policyMultiple discounts
Monthly priceAs low as $12About $20About $15
Customer service24/724/7 for claims; limited for sales and service24/7
BBB ratingA+A+A+

 


 

Company Overview

  • CEO: Todd Combs
  • Years in business: 81
  • State availability: 50
  • Address: 5260 Western Avenue
  • City/State: Chevy Chase, MD
  • Zipcode: 20815
  • A.M. Best financial strength rating: A++

*A.M. Best ratings accurate as of August 2022

 


 

Frequently Asked Questions About Geico

 


 

Our Methodology

The This Old HouseReviews team is committed to providing comprehensive and unbiased reviews to our readers. This means earning your trust through transparency and having the data to back up our ratings and recommendations.

With that in mind, we created an objective rating system to score each renters insurance company. Here’s what that review process looked like:

  • We analyze the information on each company’s website. This allows us to determine what products and services are offered by each renters insurance provider.
  • We get a sample quote from the companies by either talking to a sales representative or by using the online quote tool. This tells us what a policy looks like and costs.
  • We test customer service by talking to a company representative, finding out their hours of operation, and determining what technological features are available for customers.
  • We update all of this information on a continuous basis, storing it in a proprietary database that allows us to compare dozens of home insurance companies against each other.

With this data, we created a rating methodology to score each home insurance company. Our rating system is a weighted, 100-point scale based on the following factors:

  • Coverage (30): We rated home insurance companies higher if they offered the six main types of renters protection—dwelling, other structures, personal property, loss of use, liability, and medical payments to others coverage.
  • State availability (7.5): Companies scored higher if they covered more states than their competitors.
  • Customer service (15): This factor is based on our communications with the company representatives, as well as the companies’ claims and quotes processes, availability throughout the week, and customer service information found on their websites.
  • Technology (12.5): Technology can increase the efficiency of filing and tracking home insurance claims. Companies scored higher if they had technology options like mobile apps and online chat functions.
  • Reputation (20): We gauged trustworthiness based on years of experience and Better Business Bureau (BBB) ratings.
  • Additional benefits (15): Companies that offered optional features, like discounts and endorsements, scored higher than competitors that didn’t.

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.

To share feedback or ask a question about this article, send a note to our Reviews Team at reviews@thisoldhousereviews.com.

A.M. Best Disclaimer