Renters insurance protects the apartment, condo, or home you’re renting and your personal belongings from unexpected events like fire and theft. Geico is one of the best renters insurance companies in the industry, providing coverage for personal property, liability, loss of use, and medical payments to others.
In this Geico renters insurance review, Quartz Advisor Reviews Team compared the company’s coverage and pricing to other top-rated renters insurance companies. Keep reading to learn if Geico is the best renters insurance option for you and your home.
Geico Renters Insurance Review
Pros & Cons of Geico Renters Insurance
Discover the costs and benefits of using Geico renters insurance.
How Much Does Geico Renters Insurance Cost?
Geico advertises that its renters insurance costs as little as $12 per month, but this price is reserved for people who have a high credit score and live in a new building that’s less prone to repairs.
To give you an idea of what the average person would pay, we went through the online quote process. Here’s a quote for a single woman living in a one-bedroom apartment in Raleigh, North Carolina:
Geico Renters Insurance Cost Breakdown
| Area of Coverage | Coverage Amount |
| Personal property | $25,000 |
| Loss of use | $5,000 |
| Personal liability coverage | $100,000 |
| Medical payments to others | $1,000 per person |
| Deductible | $100 |
| Monthly cost | $16.92 ($27.84 down payment for month 1) |
To get your own personalized quote from Geico, have the following information on hand for a speedy quote process:
- Address
- Gender
- Number of people in rental
- Type of rental
- Number of units in building
- Number of pets
- Date of birth
Geico Renters Insurance Coverage
Geico offers named-peril coverage for renters across the country. A named-peril policy means that you’re only protected from events specifically listed in the contract. These events include:
- Fire or lightning
- Windstorm
- Smoke
- Vandalism or malicious mischief
- Theft
- Accidental discharge of water
- Other common loss types
With a named-peril policy, you’ll also receive coverage for the following areas:
- Personal Property Coverage: This covers the cost of your personal belongings. Through Geico, you get an actual cash value policy, which means they’ll pay for replacements taking into account their depreciated value. You can use Geico’s personal property calculator to determine how much of this coverage to purchase.
- Loss of Use Coverage: If an event causes you to be temporarily displaced from your home, your policy will cover living expenses, including the cost of a hotel room or temporary rental.
- Liability Coverage: This covers bodily injury to someone else or damage to their property. For example, if your dog were to bite a neighbor, it would cover their medical bills or the legal fees if that neighbor sues you.
- Coverage for Medical Payments to Others: If someone is injured in your home, your policy will cover their medical costs up to a certain amount.
Here’s how much coverage you can purchase for each protection category based on North Carolina information:
Geico Renters Insurance Range of Coverage
| Area of Coverage | Amount Range |
| Personal property | $10,000–$95,000 |
| Loss of use | 20% of personal property |
| Liability | $50,000, $100,000, or $300,000 |
| Medical payments to others | $1,000 |
| Deductible | $100, $250, or $500 |
Additional Geico Coverage for Renters
For an additional monthly amount, you can add coverage for:
- Replacement cash value
- Identity theft services
- Water sewer backups
- Scheduled personal property
- Business merchandise
- Incidental business liability
- Natural disasters
Geico also has a separate jewelry insurance policy for a higher level of protection.
State Availability
Geico Renters Insurance is available in all 50 states, so no matter where you live or decide to move you are able to use Geico. If you want to see other providers serving your area, click on your state below:
Alabama | Alaska | Arizona | Arkansas | California | Colorado | Connecticut | Delaware | Florida | Georgia | Hawaii | Idaho | Illinois | Indiana | Iowa | Kansas | Kentucky | Louisiana | Maine | Maryland | Massachusetts | Michigan | Minnesota | Mississippi | Missouri | Montana | Nebraska | Nevada | New Hampshire | New Jersey | New Mexico | New York | North Carolina | North Dakota | Ohio | Oklahoma | Oregon | Pennsylvania | Rhode Island | South Carolina | South Dakota | Tennessee | Texas | Utah | Vermont | Virginia | Washington | West Virginia | Wisconsin | Wyoming
Customer Service and Claims Support
Geico provides customer service 24 hours a day, seven days a week. You can call Geico for policy questions or file a claim at 800-241-8098. Geico also has a mobile app and an online portal that allow you to access your policy, view the terms of your insurance contract and file a claim if you would prefer not to talk to a customer service agent.
Customer Reviews
During our reviews process, we searched through customer reviews on many platforms including the Better Business Bureau (BBB). Geico is not accredited by the BBB, but were given an A+ rating by the organization and have received a mix of both positive and negative reviews from their customers. Here is some of what these customers had to say:
Lauren K said:
Had a wonderful experience with a GEICO customer service agent (Maria) regarding a billing error. She was helpful, friendly, knowledgeable and was able to resolve my issue promptly. So far so good!
Eileen R said:
I have always had great service from Geico and every rep I have spoken with has been pleasant and helpful…I have been with Geico for over a decade!
David B said:
I removed my debit card twice from Gieco’s app and they repeatedly hit my account causing overdraft fees.. hundreds of dollars worth due to hard times. They pretty much called me a liar and said no one else complained about the app. Has this been reported before?
Our Conclusion
Geico renters insurance is standard for the industry, covering personal property, liability, loss of use, and medical payment coverage for around $15 per month. While Geico offers few additional coverage options and discounts, you will get affordable deductibles and 24/7 customer service through three avenues—a website, a mobile app, and a telephone number.
Before buying a renters insurance policy through Geico, we recommend getting quotes from at least three companies to make sure you’re getting the best insurance coverage for you and your home.
Geico Renters Insurance vs. The Competition
If you’re not sure whether Geico is right for you, compare it to other top-rated renters insurance companies below.
Compare Renters Insurance Companies
| Company | Geico | Nationwide | Allstate |
| Known for | Low deductibles | Credit card coverage in the basic policy | Multiple discounts |
| Monthly price | As low as $12 | About $20 | About $15 |
| Customer service | 24/7 | 24/7 for claims; limited for sales and service | 24/7 |
| BBB rating | A+ | A+ | A+ |
Company Overview
- CEO: Todd Combs
- Years in business: 81
- State availability: 50
- Address: 5260 Western Avenue
- City/State: Chevy Chase, MD
- Zipcode: 20815
- AM Best Financial Strength Rating: A++
*AM Best ratings accurate as of August 2023
Frequently Asked Questions
Why should I buy Geico renters insurance?
Most renters don’t have thousands of dollars in the bank to cover damages from unexpected events. With a renters insurance policy, you can save money and have peace of mind that you won’t have to break the bank when one of these events occurs.
Does Geico offer renters insurance discounts?
Yes. Geico offers up to a 25% discount when you bundle your renters insurance with other insurance products like auto insurance or life insurance. You can also get a discount for having certain safety features already in your home, like a security system or smoke detector.
How do I get a free quote for Geico renters insurance?
You can get a free renters insurance quote from Geico by using their online quote tool. This tool allows you to answer questions about you and your property and get a quote in under 10 minutes. You can also call Geico’s customer service line to have a representative walk you through the process and provide pricing and information regarding your coverage.
Our Rating Methodology
