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GEICO renters insurance review

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Author

Colin LalleyContent Director, Home & Auto InsuranceColin Lalley is the content director for home and auto insurance at Policygenius, where he's been writing about insurance since 2015. His insights have been featured in Inc. Magazine, Betterment, Chime, Credit Seasame, Zola, and the Council for Disability Awareness.

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Geico renters insurance is provided through Assurant and comes with average customer satisfaction ratings from J.D. Power and few deductible options.

Geico

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Policygenius rating

Our proprietary ratings methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the “Ratings methodology” section for more details.
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3.9

AM Best rating

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A++

Cost

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

NA

The bottom line

Geico renters insurance offers up to $95K in coverage for your personal belongings and up to $100K in personal liability coverage. However, it doesn't offer as many bells and whistles as other renters insurance companies. You can't save on rates by bundling your renters and car insurance, or by installing safety devices in your home. It also doesn't offer the option to increase your computer or jewelry coverage limits.

Pros

  • Replacement value available for your belongings

  • Offers water backup protection in case your sewers or drains overflow

Cons

  • Can't schedule extra coverage for your high-value items online

  • Highest deductible you can choose is $500

Known for its auto insurance, Geico also provides renters insurance through Assurant and offers savings for bundling different insurance types.

Basics

Renters Insurance Provider

Assurant

Founded

1936

A.M. Best

A++

S&P

AA+

Ratings

Consumer Affairs

3/5

J.D. Power Overall Customer Satisfaction

3/5

J.D. Power Claims Process Satisfaction

N/A

Base policy features

Replacement Value Available

Yes

Deductible Options

$100, $250, $500

Personal Property Coverage

$10,000 - $95,000

Personal Liability

$50,000, $100,000

Medical Payments to Others

N/A

Loss of Use Coverage

20% of personal property coverage

Off-Premise Coverage

Yes

Peril Type Coverage

Named

Purchase Online

Yes

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*Based on New York availability

Optional add-on features

Schedule High-Value Items Online

No; must contact customer service / agent

Types of Valuable Coverage

N/A

Increase Computer Category Coverage Limits Online

No

Increase Jewelry Category Coverage Limits Online

No

Identity Theft

Yes

Earthquake Coverage

No

Water back-up of Sewers and Drains

Yes

Multi-policy Discounts

No

Home Safety Discounts

No

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Author

Content Director, Home & Auto Insurance

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Colin Lalley is the content director for home and auto insurance at Policygenius, where he's been writing about insurance since 2015. His insights have been featured in Inc. Magazine, Betterment, Chime, Credit Seasame, Zola, and the Council for Disability Awareness.

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