Is Geico good for home insurance?

Yes, Geico insurance rates are competitive, since the company is one of the five cheapest insurers nationally, according to WalletHub’s cheap car insurance analysis. Geico car insurance costs an average of $462 per year, or $39 per month.

Geico’s car insurance rates are based on your driving record and experience, along with factors like the type of car you drive, your ZIP code, your insurance history, and more. Your coverage and deductible choices also impact your final quote, as do your eligibility for discounts.... read full answer

Sample Geico Car Insurance Rates

Note: These rates are approximations based on sample quotes from Geico. Actual rates will vary.

To learn more about how we obtained these sample quotes, check out the methodology section of our complete Geico car insurance review.

Yes, Geico does have condo insurance. Geico’s condo insurance is a special type of homeowners policy that takes over where a condo association’s coverage stops. Condo insurance generally protects the interior of a unit and your personal property from losses due to fire, smoke, lightning, wind, vandalism, theft, and accidental water damage. Flood protection is separate.... read full answer

Geico condo insurance also includes liability coverage that pays if a visitor is hurt in your home or if problems in your unit cause neighboring damage (for example, if a leak in your plumbing damages the ceiling of the unit downstairs).

What Geico Condo Insurance Covers

• Fire
• Smoke
• Lightning
• Windstorm
• Accidental discharge of water
• Theft
• Vandalism
• Malicious mischief

The condo insurance sold by Geico is underwritten by different companies around the country. Liberty Mutual and Travelers Insurance are two of the largest companies that sell condo insurance through Geico. Costs average $300 to $400 per year, depending on the coverage and state. Florida, for example, is the most expensive state for condo insurance due to the potential for hurricane damage.

Coverage Provided by Your Condo Association

If you own a condo, you probably pay a monthly association fee, which includes your portion of the premiums for a master insurance policy. The condominium association’s charter and state law determine exactly what's covered under the condo association's master policy. However, it usually covers only the building's exterior, landscaping, pools, walkways and other common areas. You are responsible for what happens inside your unit.

The master policy should also include general liability for the condo association. This insurance will usually cover the loss if someone files a claim against your condo association for an injury in a common area. However, if the claim amount is higher than the master policy’s limits, the condo owners may have to personally cover the difference. Loss assessment coverage, another part of your Geico condo insurance policy, will pay your share.

You can get a custom quote for your condominium on the Geico website or by calling (800) 841-2964.

Customers automatically get Geico’s multi-policy discount when they bundle Geico auto insurance with a homeowners, renters, condo, or mobile home policy from Geico. The exact discount amount depends on your location and policy details. You can get a quote online or call 800-207-7847 for more information.

Is Geico’s multiple policy discount different from the multi-car discount?... read full answer

Geico’s multi-policy discount and multi-car discount are two different savings opportunities. The multi-car discount is for insuring more than one vehicle on the same Geico auto policy.

Many people will be eligible for both discounts. For example, you could bundle your renter’s insurance with an auto policy that also covers your motorcycle. In that case, you’d qualify for both multiple policies (renters/auto) and multiple vehicles (car/motorcycle).