GEICO Homeowners Insurance Review

A homeowners insurance agency with a strong reputation

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GEICO

GEICO has been a part of the Berkshire Hathaway insurance family since 1996. While widely known for its auto insurance policies, through its partner network, GEICO also offers affordable homeowners insurance across the U.S. This extensive network includes established, reputable companies such as AIG, American Family, The Hartford, and Liberty Mutual.

  • Pros & Cons
  • Key Takeaways
  • Company Overview
Pros & Cons
Pros
  • Widely available

  • Has a strong reputation

  • Customer service 7 days a week

Cons
  • Types of policies vary because it’s an agency

  • Rates can vary depending on the partner insurer

Key Takeaways
  • Homeowners insurance is available in all 50 states
  • Strong, long-standing reputation with very few reported complaints
  • Because GEICO's homeowners insurance arm operates as an agency, the quotes and policies are underwritten by third-party providers. Pricing, and coverage can vary greatly.
  • Customer service reps available to chat over the phone, 7 days a week
Company Overview
  • Year Founded 1936
  • Official Website www.geico.com
  • Insurance Offered Homeowners, auto, renters, RV, boat, motorcycle and more
  • Customer Service 24/7 phone: 1-800-207-7847

Pros Explained

  • Available in all 50 states: GEICO homeowners insurance is available nationwide, which makes it easy to shop should you have homes in multiple states, or might be selling your home and uprooting to another state. 
  • Sterling reputation: As far as consumer complaints go, per the National Association of Insurance Commissioners (NAIC), for GEICO as a whole, there were a total of 84 complaints in 2019. This makes up only 0.17% of complaints in the U.S. market, which is a tiny fraction. And GEICO has received an A++ rating from AM Best for financial health.
  • Customer service agents available 7 days a week: Should you need some assistance, you can talk to a human any day of the week.

Cons Explained

  • Types of policies can vary: Because GEICO partners with other insurance companies, the policies themselves can be very different. You’ll need to provide basic details — either by phone or online — to get a policy quote so you can compare different insurers.
  • Rates can vary depending on the partner insurance company: Because GEICO homeowners insurance is an agency, it’ll shop around for the best rate based on your location and other parameters you set in place. But the rates vary depending on the partner insurer you decide to go with.

GEICO Standard Home Insurance Coverage Plan

When you purchase a homeowner's insurance policy through GEICO, you're actually getting a policy through one of its partners. It's important to note that for homeowners, renters, and condo insurance, GEICO is an insurance agency.
What does this mean exactly? GEICO's policies are underwritten by insurance companies that aren't affiliated with GEICO. In turn, your policy might vary depending on where you live.

You can expect a standard homeowner's insurance policy to potentially include the following:

Property Damage

This typically covers the cost to repair or replace damage to your house and permanently attached structures — think garages and tool sheds — due to water damage, fire, wind, and hail.

Personal Property Coverage

After a covered loss, this can help recoup the cost to repair or replace personal belongings that were damaged or stolen. Belongings that are covered include furniture, appliances, clothing, and in some cases, dishes.

Jewelry Coverage

Have some valuable jewelry stowed in your home? Should it get stolen, GEICO’s policy offers limited coverage ranging anywhere from $500 to $2,000. You might need to opt for additional coverage for engagement rings, diamond bracelets, and wedding bands.

Personal Liability

Should someone get injured or have their property damaged by you or your pets, should you be faced with a lawsuit, personal liability could help cover the legal costs.  

Medical Bills

Let’s say someone who doesn’t live with you becomes injured on your property. Homeowners insurance could pay for the medical bills.

Additional Expenses

This might include the costs to stay elsewhere if your home is uninhabitable due to a peril, such as a fire or a flood. Or should your kitchen be in need of repair and you aren’t able to cook, homeowners insurance could foot the cost of takeout meals. 

The factors that affect your rates vary according to the insurance company. But standard factors include

  • Property location
  • Roof condition
  • Characteristics of the home
  • Previous claims
  • Presence of home security systems
  • Incidences of dog bites on the premises

GEICO Home Insurance Discounts

While GEICO homeowners insurance reviews indicate that its customers are happy with, you can save on your policy by doing the following:

  • Bundling your policy: By hopping on a multi-policy that includes both homeowners and auto insurance, you can snag a discount. In addition to any multi-policy discount, GEICO is currently offering a 15% credit on a 6-month auto insurance policy.
  • Home security systems: Installing a home security system increases home safety. In turn, it could bump down the odds of you filing a homeowner's insurance claim for theft or damage to your home.
  • Installing smoke detector alarms or fire extinguishers: Your premiums might be lowered by installing safety mechanisms or equipment in your abode.

GEICO Home Insurance Availability

GEICO’s home insurance policies are available in all 50 states. But the coverage, payment plans, discounts, and features might not be available in all 50 states.

Other Insurance Provided by Provider Name

Besides homeowners insurance, GEICO also offers the following insurance coverage: 

  • Auto insurance
  • Renters insurance
  • Flood insurance
  • Motorcycle insurance
  • Pet insurance
  • Jewelry insurance
  • Business insurance

GEICO Customer Service 

GEICO’s homeowner's insurance customer service team can be reached through its app, online, or by phone, 7 days a week. You can talk to a human Monday through Friday, 7 a.m. to 1 a.m. EST, and weekends from 8 a.m. to 10:30 p.m. EST.

If you live in Hawaii, customer service agents are available weekdays from 7:30 a.m. to 5:00 p.m. HST, and Florida residents can chat with a rep on weekdays from 8:00 a.m. to 9:00 p.m. EST.

While other insurers offer the option to email or live chat, you’ll need to hop on the phone to get more information or have your questions answered.

How to Make a Home Insurance Claim with GEICO

You can make a homeowner's insurance claim in a number of ways: By logging in to your account and filing a claim online, or by pinning down a contact number and reaching out to the insurer by phone. 

Home Insurance Cancellation Policy

The policies are year-long, but you can cancel anytime. Your policy will be prorated. You’ll need to call GEICO and talk to a human to cancel your policy. 

Get a GEICO Homeowners Insurance Quote 

An initial quote can be obtained by requesting one on its website. You’ll be walked through a series of questions, including your personal information, if you’re a current homeowner or in the process of buying a new home, the location, and other details like the number of bedrooms and bathrooms and quality of the roof. Prepare to have that information handy when requesting a quote. 

Compare Other Home Insurance

As GEICO is a homeowner's insurance agency that has insurance partners, it’s a bit of hybrid between a comparison site and an insurance company. It’s important to do your research and compare multiple car insurance companies to ensure you get the right coverage at the best price for your needs.

Verdict

Because GEICO’s homeowner's insurance arm works as an agency, it serves as a one-stop shop to seek the most affordable insurance available through its partner companies. But it’s helpful to remember that GEICO’s homeowner's insurance coverage is underwritten by its unaffiliated insurers. The policy, rates, discounts available, and payment plans can differ depending on factors such as what coverage you choose and where you live. It's relatively easy to obtain a policy through GEICO's website, and the company's presence in all 50 states makes it a convenient choice for almost anyone.

Methodology

Investopedia is dedicated to providing consumers with unbiased, comprehensive reviews of homeowner's insurance providers. We reviewed each insurance provider's coverage options, discounts available, customer service, and satisfaction to ensure that our content helps users make the right insurance decision for their needs.