Updated: May 22, 2024
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score924/5
satisfaction
5/5
affordability
5/5
stability
MoneyGeek gives GEICO a total rating of 92 out of 100 for its affordability and financial stability. We also found that customer service tends to be this insurer’s weakest spot.
GEICO offers less than the industry’s average number of coverages and discounts. But it makes up for this shortfall by providing unique add-on coverages for flood and earthquake damages. It offers three discounts, all of which are commonly offered by other insurers.
GEICO earned an overall MoneyGeek score of 92 out of 100 based on our unique internal scoring system that factors in the company’s financial stability, affordability and customer satisfaction. Although GEICO received excellent marks for its financial strength and affordability, customers may recieve better customer service from other insurers.
Price should not be your only consideration when looking for a homeowners insurance company. Quality customer service should also be a priority because this will impact how quickly your claims are processed.
GEICO earned a J.D. Power score of 3.77 out of 5, which is average compared to other insurance providers. If you value great service quality, this company might not meet your expectations.
In addition to J.D. Power score, MoneyGeek also examined GEICO’s customer complaint index score as provided by the National Association of Insurance Commissioners (NAIC). GEICO has a complaint index of 1.62, meaning it received almost twice the number of complaints compared to the average insurance provider.
GEICO received an A++ rating from AM Best. This means that this insurer is in a great position to meet its ongoing financial obligations to its customers and stakeholders.
MoneyGeek has simplified the process of purchasing a GEICO homeowners insurance by providing an overview of what you can expect every step of the way. Review our guide to learn about the requirements and procedure.
MoneyGeek has already done the hard work for you by collecting quotes for GEICO which you can check below. Alternatively, you can get a personalized quote from GEICO’s website and customer hotline at (800) 841-2964.
The fastest way to contact GEICO is via its app or online through live chat. Their customer support hotline (800) 841-2964 is also available with the following schedule:
GEICO has multiple platforms that you can choose from when filing claims, including their mobile app and website. You can also use the same channels to track a claim’s progress.
To cancel your GEICO homeowners insurance policy, have your account details ready and call their customer support hotline at (800) 841-2964.
GEICO homeowners insurance policyholders can file a claim on multiple platforms, including the insurer’s mobile app and website, both of which are available 24/7. You may also speak directly with a homeowners insurance agent by calling (800) 841-2964 during business hours.
GEICO’s homeowners insurance products are widely available across the country in all 50 states, as well as in Washington, D.C.
The average cost of a homeowners insurance policy with GEICO for $250,000 in dwelling coverage is $1,067 per year. This is significantly less than the national average annual cost for homeowners insurance of $1,979.
To reduce the cost of your insurance even more, GEICO offers discounts for bundling multiple insurance policies and having protective devices like burglar alarms, fire alarms and sprinkler systems installed.
Your actual cost can vary depending on your home’s location, age, construction type and other factors. To find out how much a GEICO homeowners insurance policy will cost based on your needs, you’ll need to speak with an agent.
Dwelling Coverage | Annual Premium |
|---|---|
$250,000 | $1,067 |
$500,000 | $1,651 |
$750,000 | $2,060 |
$1,000,000 | $1,715 |
The exact cost of a GEICO homeowners insurance policy is determined by several factors, including your home’s location, dwelling coverage, personal coverage and deductible amounts.
Although a $250,000 dwelling coverage serves as a good starting point, we highly recommend that you get an accurate assessment of the value of your home to find out how much home insurance you really need.
MoneyGeek’s home insurance calculator below provides an estimate of your premium based on your chosen coverage limit.
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — it’s free, no personal information required, no spam.
Rates updated:
Jul 26, 2024
Although MoneyGeek partners with some of the companies we recommend, our content is written and reviewed by an independent team of writers, editors and licensed agents. Learn more about our editorial policies and expert editorial team.
Although choosing a lower coverage limit and a smaller deductible may help you save on premiums, it can leave you in a financial bind if you need to rebuild your home due to damages caused by a covered peril. With lower limits, you will end up paying more out-of-pocket expenses.
GEICO offers three discounts, all of which are commonly offered by other insurance companies, to its homeowners insurance policyholders. This is much lower than the industry average of seven discounts.
Discount | Description |
|---|---|
Bundling discount | Get a discount on your car insurance when you bundle your homeowners and car insurance with GEICO. |
Protective device discount | You’ll get a protective device discount if you have a burglar and fire alarm system or an automatic sprinkler installed in your home. |
Affinity discount | You may be eligible for a discount of up to 15% on your total insurance premium if you are on active military duty, retired from the Military or a member of the National Guard or Reserves. |
With GEICO, you can get a multipolicy discount when you bundle your home and auto insurance. Bundling your insurance policies can help you save time and money.
On top of the standard dwelling, personal property and liability coverages, GEICO also provides three optional coverages. Although this number is lower than the industry average of five, it includes unique add-on coverages for flood and earthquake damages. These endorsements are worth purchasing especially if you live in an area that is prone to natural disasters.
Your coverage limits are typically calculated based on the information that you’ve provided to your insurer. Although insurers do not provide a list of coverage limits for you to choose from, knowing how coverage limits impact your premiums can help you decide if a GEICO homeowners insurance fits your budget and lets you plan ahead.
Based on MoneyGeek’s extensive research, we’ve found the average costs of GEICO’s home insurance for the following coverage limits:
You can review GEICO’s available endorsements by going over the table below.
This covers the cost of your valuable items like jewelry, furs, fine art and more. GEICO’s optional scheduled personal property coverage provides limited coverage for any jewelry that is stolen from your home, with limits from $500 up to $2,000. But you may need to add special coverage for specific items in your collection, such as engagement rings, wedding bands and diamond bracelets.
This is a separate policy that covers your property against flood damage.
It is worth getting this separate policy if you live in an earthquake-prone area since it covers your home against earthquake-related damages.
It is important to determine the amount of insurance you need when you’re shopping for homeowners insurance. This way, you can ensure that your chosen policy includes standard coverages as well as any additional coverages that will guarantee adequate protection of your hard-earned assets.
For instance, if you live in an area that is prone to flooding or at a high risk of damage from earthquakes, it is worth buying a separate policy to cover these risks. Most policies don’t automatically include flood and earthquake coverages, but GEICO offers both types of coverage.
MoneyGeek advises that you make sure that your policy has the following standard coverages.
This protects you against any damages to your house and to certain attached structures on your property by covering the cost of repairing or rebuilding your home.
This standard coverage helps you pay for the loss of belongings in your home, such as furniture, appliances and clothing. Other valuable items like jewelry may require a separate endorsement.
This includes the costs associated with accidental injury and property damage of a third-party individual that you are at fault for as a homeowner.
Covers the additional costs that you might incur if you need to temporarily live elsewhere while your home is being repaired or rebuilt.
GEICO provides various online tools to help you access information about its homeowners insurance products and services. These tools make it easier for would-be customers to do their research on homeowners insurance and for existing customers to manage their policies and make payments.
GEICO’s mobile app, online account management and online claims are available only to policy owners, but its non-owners can also use its online price quotes.
The table below summarizes these features for you.
You can get a personalized quote for your homeowners insurance through GEICO’s website.
The GEICO mobile app lets you view your policy documents, file claims and more.
You can log in to your policy directly through your online account to view additional policy information, manage your payments and file and track your claims.
You may use GEICO’s personal property calculator to find out how much it costs to replace your personal belongings.
GEICO has a variety of insurance products that you can explore in addition to its homeowners insurance. If you choose to insure your other assets, we suggest that you take full advantage of multipolicy and bundling discounts to save on costs. Consolidating your insurance policies by using only one insurer also makes managing your finances easier.
Type of Product | Description |
|---|---|
Auto insurance | GEICO’s auto insurance features cheap policies for drivers of all backgrounds. It also offers a unique add-on coverage which is mechanical breakdown assistance, as well as many discount options. |
Business insurance | GEICO has five business insurance products:
|
Commercial auto insurance | This provides adequate protection for larger commercial vehicles and the employees operating them. Regular cars and automobiles may also require a commercial auto insurance policy if these are used for business purposes. |
Travel insurance | Your GEICO travel insurance will pay covered expenses for trip cancellations, sickness or injury and trip interruptions due to delayed, damaged or lost luggage. It may also cover costs that are related to flight delays and cancellations or missed connections. |
Jewelry insurance | GEICO’s specialized jewelry insurance policy protects your property against loss that may not be covered by warranties or standard homeowners insurance policies. |
Pet insurance | This helps shoulder the cost of veterinary bills. GEICO also has a Wellness Rewards optional add-on to cover routine care. |
Medical malpractice insurance | Protects people who work in the healthcare and wellness industries against claims of injury and medical negligence. |
To evaluate GEICO as a homeowners insurance company, MoneyGeek analyzed the GEICO website, manually collected quotes and consulted consumer intelligence organizations such as J.D. Power, the NAIC and AM Best.
About Mark Fitzpatrick
Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
