Geico Renters Insurance Review

#6 in Renters Insurance

Geico started in 1936 as the Employee Insurance Company. Today, it is one of the largest Renters Insurance providers with services available in all 50 states. The company offers automatic monthly withdrawal for premium payments and flexible renters insurance options.

 

Company Profile 

 

BBB Ratings 

 A+

States Served 

 50

Age of Company 

 79

AM Best Ratings 

 A++

 

Types of Structure Covered 

Geico offers renters insurance for a variety of structures such as apartment, condominium, townhouse, and single-family homes. Discounts and policies varies for each type of building.

 

Apartment 

 Yes

Condominium 

 Yes

Townhouse 

 Yes

Single-family House 

 Yes

 

Plan Details 

 

Policy Delivery Time 

 24 hours

Automatic Monthly Withdrawal 

 Yes

Claims automatic deposit 

 Yes

Paper Policy Statement 

 Yes

Mobile Access 

 Yes

Sample Policy 

 None

 

Coverage & Protection  

 

Geico’s insurance quote provides coverage for all basic renter’s insurance items. A few exceptions include injuries caused by pets, impact by a vehicle, freezing or plumbing system, and business personal property. Make sure to check the company’s pay out limits for each covered item.

 

Personal Injury 

 Yes

Property Damage 

 Yes

Theft 

 Yes

Fire or Lightning 

 Yes

Vandalism 

 Yes

Windstorm or Hail 

 Yes

Accidents in your home 

 Yes

Injury caused by pets 

 No

Impact by a Vehicle 

 No

Freezing or plumbing system 

 No

Business Personal Property 

 No

Computers 

 Yes

Firearms 

 Yes

Jewelry 

 Yes

Silverware & Goldware 

 Yes

 

Discounts 

Geico gives discounts for multi-policy holders and homes equipped with sprinklers, fire alarm, and burglar alarms. They also provide an additional discount for its Home Security System. It’s a modern system designed to provide homes with a safer and worry-free environment. Unlike other companies, Geico does not give claim-free discounts.

 

Claim-free History 

 No

Multi-Policy Discount 

 Yes

Fire alarm discount 

 Yes

Sprinklers Discount 

 Yes

Burglar Alarm Discount 

 Yes

Other discounts 

 Home Security Systems

 

Help, Support & Usability 

Geico gives customers a fast and hassle-free process with their excellent online customer support services. Customers are able to claim and quote online and know the costs for insuring their personal properties with its coverage calculator. However, the company does not have a live chat option.

 

Coverage Calculator 

 Yes

Online Quotes 

 Yes

Online Claims 

 Yes

24-hour Telephone claims 

 Yes

Telephone Support 

 Yes

Email 

 Yes

Live chat 

 No

FAQs 

 Yes

 

Renters Insurance at Geico

Geico is one of the most popular names when it comes to insurance. It has been rated A+ by the BBB and A++ by A.M. Best Ratings that makes it a solid choice when it comes to renters insurance. Geico also offers basic discounts and a Home Security System discount that does not only make renters feel safer and secured in their homes but also enables them to save on their premiums.  

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