GEICO home insurance review

Getting home insurance with GEICO is easy, but they don't write or service policies, providing a degree of uncertainty when filing claims.

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GEICO is one of the most recognizable insurance companies around, they’ve been insuring homes, cars, and just about any type of property you can think of since 1936. GEICO is a unique case because they’re technically a homeowners insurance broker, not a traditional insurance company. In fact, GEICO is partnered with many of the same insurance companies we at Policygenius have written about and service ourselves, like AIG, Chubb, Travelers, and Stillwater, to name a few.

So what does GEICO do, exactly? Basically they're an independent network of agents that work as a middleman between you and the company insuring your home. When you need to discuss your policy or file a claim, you do that with the provider you’re matched with. The specifics of your policy also depend on where you live and which GEICO insurance partner underwrites your policy.

Where GEICO earns points is the ease of the application process and coverage options. Rather than going to individual insurers and filling out meticulous applications for each one, you simply fill out one application and GEICO will find you the best coverage for the best rates in your area.

However, when it comes to discounts, GEICO really underperforms, offering a grand total of three possible discounts (for comparison’s sake, Amica has eight). The claims process could also be confusing to for customers. Since GEICO doesn’t underwrite the policies they sell, all claims are directed to the company in your area that you were matched with. If you're paired with an insurance company with poor claims handling, you’re stuck dealing with that company in the event of a claim.

Pros

  • Available in all 50 states
  • Easy-to-use website
  • Industry-best financial strength (A++ rating with A.M. Best)
  • Ability to save 15% if you combine your home and auto insurance

Cons

  • Only three available discounts
  • Too much uncertainty in terms of who is underwriting your policy

GEICO by the numbers

Founded: 1922

Market share: N/A

A.M. Best rating: A++

Better Business Bureau rating: B+ (unaccredited rating)

Consumer Reports: N/A

J.D. Power: N/A

geico-state-availability

StateAvailabilityStateAvailability
AlabamaNebraska
AlaskaNevada
ArizonaNew Hampshire
ArkansasNew Jersey
CaliforniaNew Mexico
ColoradoNew York
ConnecticutNorth Carolina
DelawareNorth Dakota
FloridaOhio
GeorgiaOklahoma
HawaiiOregon
IdahoPennsylvania
IllinoisRhode Island
IndianaSouth Carolina
IowaSouth Dakota
KansasTennessee
KentuckyTexas
LouisianaUtah
MaineVermont
MarylandVirginia
MassachusettsWashington
MichiganWashington D.C.
MinnesotaWest Virginia
MississippiWisconsin
MissouriWyoming
Montana

Policy details

How much does GEICO cost?

When it comes to cost, GEICO is one of the more affordable insurance options in the industry.

Below is a sample quote for a 2,000-square-foot, single-family home in suburban Chicago.

Primary coveragesPolicy limits
Dwelling$255,000
Other structures$25,500
Personal property$127,500
Loss-of-use$76,500
Personal liability$500,000
Medical payments for guests$1,000
Premiums$888

Additional coverages

  • Water backup & sump pump overflow protection - Protects your stuff in the event your sewage goes in the reverse direction of where its supposed to go
  • Identity theft expense protection - If your identity is stolen, this coverage reimburses you for expenses you incur while resolving the issue
  • Mine subsidence coverage - Coverage for property loss due to the collapse of a man-made mine
  • Defamation of character liability - Expands your liability coverage to include coverage from personal injury, such as false arrest, libel, slander, defamation of character, and invasion of privacy — to name a few
  • Earthquake coverage - Coverage for your home against the fracturing of Earth — available both as an endorsement and as a standalone policy
  • Extended personal computers coverage - Option to extend the number of perils that personal computers are protected against

Here’s how GEICO stacks up against the competition in terms of the most common coverage endorsement offerings:

homeowners-insurance-coverage-endorsements-by-company

Discounts

  • Multi-policy discount - Discount for insuring both your car and home with GEICO
  • Home security systems discount - Reduce your homeowners insurance rates when you install a burglar alarm in your home
  • Smoke alarm or fire extinguisher discount - Save on insurance premiums when you install a smoke alarm or fire extinguisher in your home

Company details

Application process

GEICO’s application process is about as simple as it gets. You simply plug in your personal information and home address, and GEICO will autofill most of your home’s physical characteristics, like its age, roof-type, and square footage.

From there, GEICO matches you with an insurance company in your area and generates a quote for you within a matter of minutes. After you’ve adjusted your coverages and finalized your policy, you’re all set to go with a GEICO homeowners policy.

Claims process

If you need to file a claim, GEICO can put you in touch with the home insurance company handling your policy. They have a company list and locator on their website.

Other types of property insurance offered

GEICO offers several types of property insurance. If you’re looking to buy home insurance and you have other coverage needs, consider bundling insurances.

  • Car insurance - Protects your whip
  • Landlord insurance - Coverage in case your tenants burn your building down
  • Renters insurance - Protection for stuff in your rental unit (and outside your rental unit)
  • Condo insurance - Protects your condo's structure, all your stuff inside, and any additional liability coverage you need to supplement your HOA's master policy
  • Flood insurance - Protects your stuff against flowing water
  • Motorcycle, RV & boat insurance - Insurance for watercrafts and motorcycles
  • Umbrella insurance - Increased liability coverage limits for your home and car
  • Small business insurance - Insurance for your mom n’ pop shop
  • Mobile home insurance - Protection for your house on wheels

Digital tools

  • Online application
  • Mobile app

Contact info

Website: www.GEICO.com
Phone: (800) 841-3000
Headquarters: One GEICO Plaza, Washington D.C. 20076

Policygenius’ editorial content is not written by an insurance agent. It’s intended for informational purposes and should not be considered legal or financial advice. The review on this page is only for the carrier’s homeowners insurance products. Not all carriers are currently available through Policygenius. Speak to one of our licensed experts for more information on carrier availability.