Chelsey Tucker graduated with a Bachelor of History degree from Metropolitan State University in 2019. She now writes about insurance with her specialty being life insurance and has been quoted on Help Smart Phone and MEL Magazine.

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Written by Chelsey Tucker
Insurance Expert Chelsey Tucker

Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years. He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com.

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent Daniel Walker

UPDATED: Jun 28, 2022

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The Lowdown

  • GEICO renters insurance plans start at around $12 a month
  • Having more than one policy with GEICO can unlock additional savings via a multi-policy discount or a bundle
  • GEICO’s renters insurance is through one of several partner companies, including Travelers and Liberty Mutual

Whether you rent or own your home, you need to protect your personal property. But if you rent, you may not have considered how to get that protection. There are cheap renters insurance policies available from top companies. GEICO renters insurance is just one of the options you should consider.

If you’re new to renters insurance or are just wondering what GEICO renters insurance offers, we are here to help. We’ll explain what GEICO’s renters policy can do for you.

Read on to learn more about renters insurance from GEICO. Before you start, enter your ZIP code and get free renters insurance quotes from top companies today.

What does GEICO renters insurance offer?

If you’re in search of renters insurance, GEICO is a company name that rings bells. Its great reputation alone may be enough to convince you to buy renters insurance from GEICO.

GEICO’s renters insurance plans offer:

  • Rates starting at $12 a month
  • Responsive agents that are available to assist customers 24/7
  • Add-ons that can help you to personalize your plan to protect you properly
  • If you have more than one policy with GEICO, you can take advantage of a multi-policy discount

It’s important to know that renters insurance from GEICO is issued through a third-party company. This means that your details will be shared with another company, and that your plan will not be serviced by GEICO directly. Some of the companies offering renters insurance are Travelers, Liberty Mutual, and Assurant.

Despite this, GEICO does still offer bundling discounts when you buy renters insurance through a partner.

Is it worth it to get renters insurance from GEICO? 

When things are going well, renters insurance may seem like an afterthought. But the moment something gets damaged, stolen, or swept away in a natural disaster, you will learn just how important renters insurance can be.

GEICO renters insurance may be well worth the expense. Not only can it help you secure and save your personal belongings, you may also save on other GEICO policies.

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What does GEICO renters insurance cover?

If you’re renting, your landlord will typically cover the repairs in your household. But what if something were to happen to your belongings in the process? This is where GEICO renters insurance comes in.

In the event of a house fire, a windstorm, severe water damage,  theft, vandalism, or other common unknown disasters, this insurance policy will typically cover the following:

  • Clothing
  • Electronics
  • Sports equipment
  • Furniture
  • Jewelry and other valuable assets
  • Accidental damage to someone else’s property
  • Coverage for visitors that have been injured on your property

In addition to covering your personal belongings, renters insurance from GEICO can also cover you from liability claims made against you by others.

How do I estimate the value of my property? 

Renters insurance will require you to take inventory of your property, and how much you feel it is worth in total, so you can better decide on a policy limit. There are several ways you can go about identifying the value of your items.

To make it easier, there are cost calculators available to help you. If you have high-value items, such as jewelry, you may need to add a rider to cover them properly.

What won’t GEICO renters insurance cover?

If you’re covered by GEICO renters insurance, your belongings are covered for most risks. However, there are a few things renters insurance typically does not cover. Below are the following scenarios in which GEICO may not be able to cover your items:

  • Flooding – Standard policies typically do not cover flooding. In the event that a policyholder’s belonging is damaged due to flooding, renters insurance may not cover you
  • Earthquakes – Typically, high-risk earthquake areas in the United States require a separate policy, in addition to basic renters insurance to cover the damage for these items.
  • Infestations – Ants, roaches, bed bugs, mice, or any other infestations will not qualify for GEICO renters insurance coverage.

While the examples above will not be eligible for coverage under a basic renters insurance plan with GEICO,  there may be special policies available that can cover you during these instances.

Does GEICO run your credit for renters insurance?

Since your credit score is a factor that insurance providers do consider when generating  your insurance quote, GEICO will run your credit to provide you with the best rate. However, unlike when you apply for a credit card, insurance companies use a soft inquiry, so it will have no impact on your credit score.

A soft inquiry, also known as a soft credit pull, occurs when you authorize a business or organization to view your credit report. The information reviewed can help it determine if you may be eligible for a credit limit increase or a lower auto insurance rate.

A hard inquiry, also known as a hard credit pull, occurs when you apply for a new line of credit, such as a credit card, mortgage, or auto loan. According to Equifax, a hard inquiry can negatively impact your credit score, and it may remain on your credit report for up to two years.

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Does GEICO offer discounts on renters insurance?

According to Insurance Information Institute, 45.1% of renters nationwide spend at least 30% of their household income on rent and utilities. That leaves very little room to cover expenses like renters insurance.

Fortunately, GEICO renters insurance offers a couple of discounts like:

  •  Bundling and multi-policy discounts – If you have more than one policy with GEICO, discounts are available
  • A home security system discount – If you install a burglar alarm in your home or you are renting in a building with security staff, GEICO will discount your policy
  • A sprinklers or smoke alarm discount – If you rent in an apartment, condominium, or home with a fire extinguisher or sprinklers, GEICO will discount your policy

Who doesn’t love a good discount? If you are seeking affordability and flexibility, GEICO renters insurance has a few discounts that sound like they can be a great choice. However, if you would prefer a renters insurance company that provides more discounts and even more attractive benefits, you may decide to go in a different direction.

About GEICO Insurance

GEICO, which is short for Government Employees Insurance Company insurance, was founded in 1936. With over 17 million policyholders, GEICO is one of the most popular insurance companies in the country.

GEICO has a partnership with Assurant, which is the company’s renters insurance provider. As a leading insurance provider in the United States and the world, Assurant has been operating for over 125 years. It also has over 300 million customers worldwide and counting.

GEICO has established a  great reputation. The company has received high A++ ratings from A.M. Best for financial strength, an A+ rating from the Better Business Bureau (BBB), a 97% customer satisfaction rating, and is also known for having some of the most responsive agents in the nation.

GEICO Renters Insurance: The Bottom Line

Now that you’ve learned about GEICO renters insurance coverage, it’s about time you’ve evaluated what you are looking for in a renters insurance company.

GEICO offers affordable renters insurance, but it is underwritten by a separate company. If you prefer to stick with one company, you might want to consider bundling somewhere else. That said, you can still get great discounts with GEICO renters insurance.

Hopefully, we have provided everything you need to know about GEICO renters insurance. Enter your ZIP code and get free renters insurance quotes from top companies today.