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Geico Boat Insurance Review


ConsumersAdvocate.org Rating: 3.9 / 5 (Very good)
6 Customer Comments & Reviews - see all comments
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Geico is one of the largest providers of auto insurance in the United States, with over $5 billion in policies sold in 2017. In addition to auto, consumers can insure other vehicles, such as boats, recreational vehicles (RVs), and motorcycles. Homeowners, renters, and business insurance policies are also available.

How is Geico rated?

Breakdown

4.5/5
Coverage & Benefits
0.0/5
Discounts
4.0/5
Customer Experience
3.5/5
Financial Strength & Reputation

Overall Rating: 3.9 / 5 (Very good)

Geico offers consumers a great option for boat insurance, with complete policy packages that are easily customizable on the company's simple online quote tool. Several discounts are available, including a discount for bundling multiple policies. The company has 24/7 claims service, as well as a mobile app that lets customers request roadside assistance and pay their premiums. Geico also has excellent financial outlook ratings from the country's top credit rating agencies. Although their online customer reviews leave much to be desired, that's not uncommon for large insurers such as Geico. All in all, the company delivers a boat insurance solution worth considering, especially for consumers looking speed and convenience.

Geico Coverage & Benefits

Coverage & Benefits - 4.5 / 5

Geico offers comprehensive boat insurance policy options that allow consumers to choose between premier, value, or liability-only coverages. Policies are customizable, allowing prospective customers to modify the coverage amounts they desire. A large number of boat types are covered, yet less than a handful of discounts appear to be available, those for having a good boating record, taking a boat safety course, and bundling multiple policies with Geico. It is unclear whether the company offers comprehensive and collision coverages.
Policy Type
Agreed Value
Actual Cash Value
Coverages
Bodily Injury Liability
Property Damage Liability
Medical Payments
Uninsured/Underinsured Boater
Personal Effects
Boat Engine
Additional Boat Equipment
Boat Trailer
Personal Watercraft
Type of Boat
Small
Speedboat
Antique
Personal Watercraft
Yacht
Fishing
Sailboats
House Boat
Pontoon Boat
Leisure Boat
Sport Boat
Add-On Coverages
Total Loss Replacement
Discounts
Multi-Policy
Boat Education Course
Good Boating
Benefits
Boat Towing

Geico Customer Experience

Customer Experience - 4 / 5

Geico requires consumers to fill out a short form with details about their watercraft to provide an online quote, which includes premium, value, and liability-only coverage options. 24/7 claims are available, as is a mobile app that lets customers request roadside assistance, among other services.
Online Quotes
24/7 Claims
Online Account
Additional Resources
FAQs
Mobile App

Geico Financial Strength & Reputation

Financial Strength & Reputation - 3.5 / 5

Geico, formerly known as the Government Employees Insurance Company, was founded in 1939 and, as the name suggests, was intended to insure government workers. Nowadays, it's services are not limited to that sector. Geico has an A+ with the Better Business Bureau, with mostly negative customer reviews on the organization's webpage. However, none seem to address the company's boat insurance product. Geico holds excellent ratings from all major U.S. credit rating agencies.
Company Type
Underwriter
Year Founded
1939
NAIC Direct Premiums Earned (2017)
$5,890,464,910
AM Best Financial Rating
A++
Standard & Poor's Financial Rating
AA+
Moody's Financial Rating
Aa1
BBB Rating
A+
Number of BBB Positive Reviews
6
Number of BBB Negative Reviews
235
Trustpilot Rating
5.2 out of 10
Date Collected
2018-04-19

Company Profile

Full Name
Geico Boat Insurance
Company Website
Headquarters
5260 Western Avenue, Chevy Chase, MD, 20815

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6 Customer Comments & Reviews

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Griff B
9/27/2023
If you are thinking about using Geico for your boat insurance company or Boat US for towing insurance please stay away from both. Worst possible companies out there. Will not have anyone to help with tows when you need one and will cancel your policy if you try to file a claim ( My boat was in the Lahaina fires in Hawaii) I would give them no stars if that were possible


W
Wayne J
9/6/2020
I had had Geico Since 2013. File 1st claim for theft and 10 months later, have gone through 7 different adjusters and Each adjuster keeps asking for same info and i have proof in emails that i have sent info mulitiple times. I have photos of thief in action and they just do not want to pay claim out. Geico is in business to take yoyr money and not pay out hoping you give up. Their adjusters are trained to deny your claim and ware you out. DO NIT GET THIS INSURANCE. Warren Buffet spends our premiums on commercials and definitely not on paying claims!


auto1exotica
12/28/2019
TERRIBLE COMPANY, STAY AWAY AT ALL COSTS. THEY TAKE YOUR MONEY AND DON'T PAY CLAIMS


elaine.vongoetz
8/26/2019
Had an excellent experience with Geico. I was insured for five years and our boat was struck by lightning. We lost all electronics and they replaced them all. Claim took about four months to resolve but it was also for about $40,000. Very happy with the service that we received.


C
chad r
4/17/2019
I have been with Geico for over 5 years. Now that I have a claim these clowns have drug this on for 6 weeks and counting. I call each week they tell me they need a new document. I submit it and then next week its another document. They asked for the bill of sale I told them I didnt have one but I gave them a copy of the title. Still not good enough. I would not ensure a thing with Geico.


M
mike m
12/21/2018
After eighteen years with Boat US/ Geico I had my first claim which was denied because damage caused by overheating is not covered. One year old impellar was blocked while backing off trailer and powering through mud/goo at ramp. They say insufficient evidence of root cause. I will be leaving and would suggest anyone expecting actual coverage to do the same.



Our Partner
  • A++ rating by A.M. Best for financial stability
  • Offers up to $1,000,000 liability coverage per person
  • Policy includes both boat and trailer coverage
  • Provides 24/7 towing, fuel delivery, and digital dispatch