While Geico is best known for its auto insurance, its offerings also include home, tenant, and life insurance. Geico home insurance is inexpensive and customers can save even more by taking advantage of some of their discounts. It is important to note that Geico does not purchase its own homeowner insurance. Customers will work with another company after purchasing their policy.
Founded in 1936, Geico scores well on our proprietary SimpleScore on a number of factors, including 5 out of 5 in our Support and Accessibility categories. We’ll go into more detail later on what to look for when analyzing insurance companies. In a nutshell, when we review home insurance companies, we use our SimpleScore methodology to examine discounts, coverage options, support, customer satisfaction, and accessibility in order to compare them to other companies.
What we like about Geico home insurance
Geico is known for offering some of the cheapest insurance policies and their home insurance is no different. While Geico does not purchase its own home insurance, customers still get access to the company’s low prices and discounts.
Homeowner Insurance is available through Geico in all 50 states. You don’t have to work with an agent to sign in. This means anyone can sign up for a policy on the company’s website.
[ Read: The Complete Guide to Homeowners Insurance ]
Best rated financial strength
AM Best gives Geico an A ++ ranking in terms of financial strength. An insurance company with such positive financial ratings is a good sign – so you can be confident that Geico will be able to pay out any insurance claim.
Who should get this policy
Geico’s insurance policies are ideal for anyone whose number one priority is price. While there are some tradeoffs, such as not being able to choose your own underwriting company, Geico offers consistently low insurance rates.
Things to consider
Geico offers surprisingly few discounts on its home insurance. The companies only discounts are:
- Multi-policy discount for those who bundle their home and car insurance.
- Discount for home security systems.
- Smoke detectors alarms or fire extinguishers discount.
Does not take out your own home insurance
Although you can get home insurance through Geico, another company will sign your policy. And since Geico works with multiple underwriting companies, you don’t know which company you’ll end up with (and you can’t decide).
Who shouldn’t get this policy
If you want to decide for yourself which company will take out and manage your homeowner insurance, Geico is not for you.
[ Read: How to Find Cheap Homeowners Insurance ]
What we analyzed
Geico offers fewer home insurance discounts than many of its competitors. The only discounts available are for multiple policies, home security systems, and smoke alarms or fire extinguishers. This lack of discounts is surprising given that Geico is high on the list for auto insurance discounts.
Geico offers all of the standard home insurance policies, including:
- Property damage from fire, wind, hail, or water
- Personal property
- Jewelry up to $ 2,000 (additional additional coverage available)
- Personal liability
- Additional costs (which will cover your living expenses if you are unable to temporarily stay in your home due to covered damage)
Geico also offers flood insurance as a separate policy.
Since Geico does not take out home insurance of its own, companies like JD Power do not include them in the customer satisfaction ranking. Your customer experience depends on the insurer receiving your policy.
Geico is known for its customer support. However, home insurance customers are not supported as another company is taking out and servicing these policies. That being said, customer support is available through Geico while you purchase home insurance. Geico can also help you contact your home insurer to make a claim or update your policy.
Geico’s website and app are clean and straightforward to use. When you land on the site, it’s easy to request a quote or to review a previous quote. Geico’s app is primarily aimed at auto insurance customers.
[ Read: How to Pick Your First Homeowners Insurance Policy ]
Geico home insurance against the competition
Geicos home insurance rates
Geico is known for having some of the most competitive rates in the insurance industry. You’ll need to get a quote to find out exactly what you’re paying, but the national average cost of home insurance is $ 2,305. Note that your premium can vary based on many factors:
- Location (areas with high crime rates or bad weather can increase your rewards).
- The age, size and construction of your home.
- Your credit rating.
- The value of your belongings within the home.
In general, you can assume that the more coverage you buy, the more expensive your policy will be.
[ Read: The Average Cost of Home Insurance ]
America’s Top Rated Home Insurance
- Rules from just now $ 25 / month
- Log in Seconds, Claims paid in minutes
- No hassle, no paperwork
Geico online and mobile app
Geico has a robust website where customers can get a quote, review or change their policies, or speak to a customer service representative through instant messengers.
In the Geico mobile app, you can save and access your ID, request roadside assistance or make a claim. The app also allows customers to create a vehicle maintenance schedule for their car to remind them when it’s time to pick up their car.
Finally, Geico’s tools are compatible with Amazon Alexa and Google Assistant, so you can manage your app hands-free.
Geico home, car and life
Geico doesn’t just offer homeowner insurance. Other Geico products include coverage for Auto, Renters, Condos, RVs, Landlords, Living, Pet, Business, and more.
Geico car insurance
Geico’s auto insurance is the company’s most popular product. Auto insurance offers coverage for liability, medical, uninsured and underinsured motorists, collisions, comprehensive and more. Geico offers 16 discounts to help its auto insurance customers save even more.
Geico life insurance
Geico has partnered with Life Quotes, Inc. to provide term life insurance, life insurance, and universal life insurance. Geico doesn’t actually sign these guidelines – it just gives you access to the listings and another company signs the guidelines.
Geico offers a discount to customers who bundle their home and auto insurance policies. On average, Geico’s bundle discount is around 3%. You need to get a quote from Geico to find out what your exact discount would be.
We appreciate your feedback on this article, and we’d love your experience with the home insurance companies we recommend. Contact us at [email protected] with comments or questions.