GEICO Home Insurance Review 2023

Are you looking for well-structured information about the company and its services? If so, our GEICO home insurance reviews are a must-read.

About the Company

Established in 1936, GEICO is one of the oldest and most reliable insurance providers. There are around 20 GEICO corporate offices across the United States. 

The company sells home, business, pet, life, auto, and travel insurance policies. GEICO offers home policies at affordable rates and uses various digital tools to make users’ experience top-notch. 

GEICO is a financially stable company and has received excellent ratings from independent credit rating firms. This indicates that the company has the potential to meet the financial needs of its customers. 

GEICO relies on a network of partner companies to underwrite its homeowner insurance policies. These partners include top-rated insurance providers such as Foremost, Liberty Mutual, American Family, Homesite, and Chubb.

The abbreviation GEICO stands for “Government Employees Insurance Company”. The name comes with the early history of the company. In the beginning, GEICO specialized in insurance policies for U.S. government employees and military personnel. 

The company recently came under the media limelight when it offered a 15% premium credit to its auto, motorcycle, and RV insurance customers in the wake of the COVID-19. 

How We Reviewed 

For this review, we analyzed the official website of the company. We had a look at several insurance types provided by the company. We also studied GEICO insurance rating from independent and reliable credit ranking firms to better understand the company’s financial strength. 

We wanted to know what customers say about their services too. We browsed through independent consumer review sites to see what the customers have to say about the company’s products and performance. 

Where Is It Available?

The headquarters location of GEICO insurance is in Chevy Chase, Maryland.  Besides home insurance, it is one of the most popular car insurance providers in Maryland.

The company’s services are available in all 50 states.

It has a 24/7 helpline where customers can call for assistance and a user-friendly mobile app to learn more about the policies. 

Homeowner Insurance Review 

GEICO home insurance offers various coverage plans for customers. The list below gives a few items covered by the insurance company: 

GEICO Property Damage Liability: Under this feature, the policy will financially cover you for damages caused to your house or any permanent structure by: 

• Fire 
• Water damage (unless the policy explicitly excludes it)
• Wind

GEICO Renters Insurance: Homeowners who are thinking of renting or subletting their houses will find this insurance coverage to be a lot beneficial. Under this policy feature, the company protects policyholders against any damage caused by the renters to the property. 

Dwelling Coverage: This feature helps you pay the repair or rebuilding of your home in case of damage by any covered hazard. 

Personal Property Insurance: This feature helps you protect your personal belongings that were stolen or damaged. These items include: 

• Clothing 
• Appliances
• Dishes 
• Furniture

GEICO Jewelry Insurance: The company provides limited coverage for jewelry that gets stolen from your home. The feature covered jewelry worth between $500 and $2,000. 

You may need separate coverage for things like: 

• Wedding bands
• Diamond bracelets
• Engagement rings

Personal Liability: This coverage feature will help you pay for medical expenses or property damage to others caused by you or your household’s members (including pets). 

For example, a visitor trips on the carpet in your house and gets injured, or a child accidentally breaks your neighbor’s valuable item with his ball, etc. 

The feature also helps you cover for legal expenses if the other person decides to take the case to court.

Medical Bills Insurance: This feature covers the medical bills of any person who gets injured on your property (not a property inhabitant ) – for example, a visitor falls on your slippery stairs on a rainy day. 

Additional Expenses: If a covered loss makes your home uninhabitable, this feature will provide you coverage for extra costs that you have to pay – for example, the price you have to bear while temporarily living elsewhere. 

In addition to this, GEICO covers other additional expenses. The list below gives an idea of what is covered by additional living expenses on home insurance: 

Flood Insurance: Homeowners policies don’t cover the damages caused to your home by intense flooding. But in case you’re living in any area that is prone to flooding, GEICO will help you purchase the insurance through the National Flood Insurance Program. 

Pet Insurance: This is an ideal coverage plan that helps you pay around 90% of veterinary expenses if your pet falls seriously ill or sustains an injury. The pet insurance policy starts at $1 per day. 

Identity Theft Protection: You can add identity theft protection to your insurance policy for as little as $8 per month. 

GEICO Pricing 

On the GEICO official website, you can ask for a quote for your house. The online form asks a few questions that include your house address and other essential details. 

The homeowner policy price depends on various factors, including your state, your house specifications, and your credit rating. 

The rates also depend on the level of coverage that you want. For more comprehensive policies – that provide greater protection – you will have to choose plans with a higher premium. 

GEICO Discounts 

Every customer you talk to will tell you about amazing GEICO discounts. These discounts and offers help you save some money on your insurance policy. What follows is the GEICO discount list that gives you a brief idea of the impressive discounts offered by the company. 

GEICO multi-policy discount: If you buy multiple policies from the company, you will receive discount offers. 

Home insurance safety discount: As a responsible homeowner, you should install safe home devices to increase your house’s security. Alarm systems are a great way to protect your house against break-ins. These home security systems will also allow you to get some discounts from GEICO. 

Fire Extinguishers or Smoke Detector Alarms: You can install a smoke detector alarm or fire extinguisher in your home to increase safety. Houses that have these security features installed are also eligible for a GEICO discount on home insurance policies. 

Customer Satisfaction and Financial Strength Review

GEICO is a financially strong company that can pay off the claims on time. It has received the best ratings from independent credit rating firms such as AM Best and S&P. 

GEICO’s customer satisfaction is top-notch. Customers can expect good customer support from the company. Its telephone lines are open 24/7, where people can get quick assistance. 

Here is a quick look at the GEICO customer satisfaction rating. 

Platform	Rating
BBB	A+
ConsumerAffairs	2 stars
Trustpilot	1.9 stars

 

Customer Support 

The company has impressive customer support that is available 24/7. The consumers can call at the GEICO customer service number to get support. 

The website also offers a virtual assistant to customers that chats with customers and responds to their queries. 

Getting home insurance quotes from GEICO is quite easy. You can either visit the company’s site or call at GEICO home insurance phone number to learn more about prices. 

Ease of Buying and Claims Handling 

Buying a policy from GEICO is easy and fast. GEICO online tools provide impeccable user experience and allow them to purchase and manage their policies with comfort. 

These tools include: 

• GEICO mobile app: The app is a convenient way to shop for insurance policies or pay bills. It also lets you access your insurance ID cards and file claims directly from your phone. 
• GEICO express services: This online service requires no login and allows customers to access policy documents, make payments, and get insurance ID cards.

Filing a claim with the company is simple. If you need to file a claim, you can contact the company, which will, in turn, contact the home insurance provider that is handling your policy. 

On their website for home insurance claims, GEICO provides links to partner insurance companies’ website and their phone numbers. 

Comparison with Competitors 

GEICO has a fair share of its competitors in the market. In this section, we will have a look at what features are offered by other insurance providers. If the insurance quote is the deciding factor for you, make sure that you get quotes from multiple insurance providers to see which one is the right for you. 

GEICO vs Progressive

Progressive also doesn’t underwrite its home insurance policies. It works with a network of partners that covers the policies of the company’s customers. 

It offers great discounts to customers who have home safety and security devices installed in their homes. It also provides a 12% discount for bundling auto and home policies. 

GEICO vs State Farm

The company is also a financially stable company that has a great performance record. The company has a lot of natural disasters included in its covered loss – such as fires, theft, and storms. 

Like GEICO, it offers fantastic discounts to responsible homeowners who have burglar or fire alarms or other security systems installed in their homes. If you bundle your home and auto insurance policies, you can enjoy additional savings on both your insurance plans. 

GEICO vs Allstate

Allstate is a good name in the insurance market. It offers a discount of up to 25% when you bundle home and auto insurance policies. The company offers a 10% loyalty discount to customers who renew their policies. It also provides discounts for retirees and those over 55 years.  

How to Get Policies at Cheaper Rates 

With proper planning and tips, you can find an affordable insurance policy for yourself. Here are some tips that can help you lower rates: 

Shop Around 

When buying a policy, always compare the prices with competitors. In addition to this, make sure that you know the level of coverage that you get with each policy. 

Bundle Your Policies 

Home insurance policies, such as GEICO provide discounts to customers who purchase more than one policy from the company. 

If you have a car or a motorcycle, you can get an auto insurance policy bundled with your home insurance policy and save some cash on both policies. 

Security Systems

Become a responsible homeowner and install security systems that can help you earn a discount from your homeowner’s insurance provider.