Geico renters insurance is provided through Assurant and comes with average customer satisfaction ratings from J.D. Power and few deductible options.
By
Colin LalleyColin LalleyContent Director, Home & Auto InsuranceColin Lalley is the content director for home and auto insurance at Policygenius, where he's been writing about insurance since 2015. His insights have been featured in Inc. Magazine, Betterment, Chime, Credit Seasame, Zola, and the Council for Disability Awareness.
Our proprietary ratings methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the “Ratings methodology” section for more details.
3.9
AM Best rating
AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).
A++
Cost
Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).
NA
The bottom line
Geico renters insurance offers up to $95K in coverage for your personal belongings and up to $100K in personal liability coverage. However, it doesn't offer as many bells and whistles as other renters insurance companies. You can't save on rates by bundling your renters and car insurance, or by installing safety devices in your home. It also doesn't offer the option to increase your computer or jewelry coverage limits.
Pros
Replacement value available for your belongings
Offers water backup protection in case your sewers or drains overflow
Cons
Can't schedule extra coverage for your high-value items online
Highest deductible you can choose is $500
Known for its auto insurance, Geico also provides renters insurance through Assurant and offers savings for bundling different insurance types.
Colin Lalley is the content director for home and auto insurance at Policygenius, where he's been writing about insurance since 2015. His insights have been featured in Inc. Magazine, Betterment, Chime, Credit Seasame, Zola, and the Council for Disability Awareness.
