home indemnity international relations and security network ’ triiodothyronine always a necessity, but if you want to protect your most valuable asset, it ’ s a must. unfortunately, choosing the best homeowners indemnity company for your needs can be challenging. Companies vary in coverage, cost, handiness, customer service, and more .
The This Old House Reviews Team created this in-depth Geico home policy review to help you decide if it ’ s the best fit for you and your home.
Reading: Geico Home Insurance Review (2022)
To get home policy quotes in your area, call 855-948-5219 or enter your energy code in our free quote joyride :
Table of Contents
Our Take on Geico Homeowners Insurance
Geico has a solid repute and potent fiscal back as the second-largest car insurance company in the nation. Existing customers can find attractive bundling options that can lower their car policy bounty .
While Geico does offer home policy, the company acts as a agent alternatively of offering direct policies. The company partners with 31 underwriters, including Liberty Mutual and American Family .
This adds an extra layer of complexity when it comes to claim track and customer service, and coverage and costs might vary. This concern contributed to Geico ’ s overall mark of 98 out of 100, reducing it slenderly for the troublesomeness .
On Geico ’ s Better Business Bureau profile, coarse complaints note sudden increases in premiums and other payment issues. Reviews on the site are largely minus, referencing poor customer service and price increases .
Pros & Cons of Geico Home Insurance
Compare the advantages and disadvantages of Geico home indemnity .
Pros & Cons
| Pros | Cons |
|---|---|
| Pros | Cons |
| Bundling options | Operates as broker, not direct insurer, which means homeowners do not communicate directly with Geico when issues occur |
| Available nationwide | Cost varies by particular partner company |
| Solid financial strength | Fewer discounts compared to other insurance companies |
Geico Home Insurance Coverage
Geico offers all of the industry-standard basic coverage through its partners. The company offers limit add-ons compared to many of its competitors, so its coverage is not particularly flexible .
however, extra coverage may vary depending on the specific policy partner ’ s offerings .
What’s Covered with Geico Home Insurance
| Type | Description and options |
|---|---|
| Type | Description and options |
| Dwelling | Pays for repair and replacement of home structures, interior and exterior. Coverage is typically closely equal to the appraised value of your home. |
| Other structures | Pays for repair or replacement of structures that aren’t considered part of your home such as a fence or shed. Geico covers up to 10% of your dwelling coverage amount. |
| Personal property | Pays for covered losses of personal belongings, including electronics, clothing, and furniture. Geico offers coverage for 70% of your dwelling limit. |
| Personal liability | Pays for medical and legal expenses if someone is injured on your property. Geico gives you the option for coverage of $100,000, $200,000, $300,000, $500,000, or $1 million. |
| Loss of use/Additional living expenses | Pays for additional living expenses if your home is temporarily untenable due to damage or destruction. Geico covers up to 20% of dwelling. |
| Medical payments to others | Pays for medical expenses if someone is injured in your home. Geico gives you the option of $1,000, $2,000, $3,000, $4,000, or $5,000. |
| Deductible | The amount you pay during a claim before Geico begins to make payments. With Geico, your options are $250, $500, $1,000, or $2,500. |
Geico does offer umbrella policy, which increases the personal indebtedness utmost .
The extra coverage does not entirely relate to homes, as it includes identity larceny protection and pet insurance. however, Geico can assist customers with purchasing flood indemnity from the National Flood Insurance Program .
Geico Home Insurance State Availability
Geico offers home insurance in all 50 states through its different partners .
Geico Homeowners Insurance Cost
The demand price of Geico home insurance depends on a variety of factors, including your property value, size, where you live, the coverage limits you select, the indemnity deductible you choose, and more .
Because Geico is not a lead insurance company, the overall cost might vary between its individual partners .
We requested a quote for a single-family, 2,200-square-foot home in North Carolina with Liberty Mutual as the insurance broker .
We found the monthly cost of $ 116.16 is lone slightly above the national average, which is $ 101, according to the Insurance Information Institute.
Geico Home Insurance Cost
| Type of Coverage | Amount of Coverage |
|---|---|
| Type of Coverage | Amount of Coverage |
| Dwelling | $239,100 |
| Other structures | $23,910 |
| Personal property | $167,370 |
| Loss of use | $47,820 |
| Liability | $300,000 |
| Medical payments to others | $1,000 per person |
| Replacement cost | Yes |
| Expanded coverage | Yes |
| Deductible | $1,000 |
| Monthly Cost | $116.16 |
Geico Homeowners Insurance Discounts
Geico typically alone offers three dismiss options, and the dollar prize of these discounts could vary between its partners .
When you receive a quote, be certain to look for any discount opportunities and check your eligibility .
- Multi-policy: Bundling Geico auto and homeowners insurance policies can lower auto insurance premiums
- Home security systems: Discounts for alarm system installation
- Fire safety features: Having smoke detectors alarms and fire extinguishers can qualify you for savings
Geico Home Insurance Reviews
Geico is not accredited by the Better Business Bureau ( BBB ), but the company holds an A+ rate from the organization. however, while there are both positive and negative customer reviews on BBB, its profile shows 1 out of 5 stars from real customers .
here ’ s what some had to say about their experience with Geico .
Kenneth A. said :
“ I ’ ve been a customer of Geico for close to 20 years. My kids have had a few accidents and they have been highly master and I have zero complaints about the claims they handled. Their service has been outstanding. ”
Douglas M. said :
“ I have been going back and forth with them for months. They make two different claims. A ) I missed a requital. B ) I made it, but they received it a day excessively deep. When you pull out my bank statements and prove I never missed a payment, then they go to choice B. Which is basically you made the payment, we kept it, but are ignoring it ? When that fails, they go back to option A. After getting through to a ‘ specialist ’ I was assured this was wholly RESOLVED. next calendar month, it ’ randomness back. It gets me wondering how many 1000 ’ s they are trying this on to see if people barely give up and pay them ? A third base excuse after all this is they ’ ve switched you to bi-monthly without your consent or cognition. Either way that lizard needs to be fried ! ”
Our Conclusion
Geico is a trust company with impressive fiscal bet on. Customers who have existing car policy policies through Geico can save money by bundling them with Geico family indemnity. The party ’ sulfur widespread handiness is a considerable advantage, along with its easy-to-use web site and mobile app .
however, some homeowners may prefer to work directly with their insurance company alternatively of a broke. Having to go through an extra ship’s company for claims, customer service, and more can be seen as ineffective and takes time and extra inquiry. It can not be overlooked that because there are indeed many unlike partners, cost and coverage may vary. We gave Geico a score of 98 out of 100 .
Because different home indemnity companies have different offerings, we recommend getting quotes from multiple providers in your area. For free quotes from companies near your, call 855-948-5219 or enter your zip up code in the cock below :
Geico vs. Other Home Insurance Providers
Let ’ s see how Geico Home Insurance compares to early top home policy providers on the marketplace today .
Geico vs. Other Insurance Companies
| Provider | Geico | Lemonade | Amica® |
|---|---|---|---|
| Provider | Geico | Lemonade | Amica® |
| Our score | 98 | 83.50 | 96.60 |
| Get a free quote | Not available through This Old House | lemonade.com | Not available through This Old House |
| State Availability | 50 | 23* | 48 (not available in AK and HI) |
| BBB Rating | A+ | B+ | A+ |
| Years in Business | 84 | 5 | 113 |
| 24/7 Claims Service | ✓ | ✓ | ✓ |
| Protective Devices/Safety Features Discount | ✓ | ✓ | ✓ |
| Bundling Discount | ✓ | ✓ | ✓ |
| Mobile App | ✓ | ✓ | ✓ |
| Underwrites own Policies | X | ✓ | ✓ |
*Lemonade dwelling indemnity is available in AZ, CA, CO, CT, DC, GA, IL, IN, IA, MD, MA, MI, MO, NV, NJ, NY, OH, OK, OR, PA, TN, TX, VA, WI
For more in-depth comparisons, refer to the following resources:
Geico Home Insurance FAQs
Who underwrites Geico home insurance?
Geico ’ s dwelling policy is underwritten by 31 partners, including american Family and Liberty Mutual .
Does Geico insure homes?
Geico offers home indemnity as a broke, partnering with 31 underwriters .
Does Geico offer discounts?
Geico offers multi-policy, home security system systems, and smoke detector alarm clock or fire extinguishers discounts .
Company Information
- Company name: Geico
- Company type: Public
- CEO: Todd Combs
- Year founded: 1936
- Headquarters: 5620 Western Ave, Chevy Chase, MD 20815
- State availability: 50
- BBB rating: A+
Other Geico Insurance Product Reviews
Our Methodology
The This Old House Reviews Team values accuracy, foil, and reliance. With that in mind, we created a thorough, objective rate organization to score each home policy party based on the follow six factors :
- Coverage (30)
- State availability (7.5)
- Customer service (15)
- Technology (12.5)
- Reputation (20)
- Additional benefits (15)
Our Reviews Team has a full-time research worker who collects and regularly updates data points from every company to help us compare them on key factors such as coverage, serve, and dependability. Read more on our methodology here .
To plowshare feedback or ask a doubt about this article, send a eminence to our Reviews team at reviews @ thisoldhousereviews.com .