Glass fiber-reinforced polymer (GFRP) is widely used in engineering fields involving aerospace, energy, transportation, etc. If internal buried defects occur due to hostile environments during fabrication and practical service, the structural integrity and safety of GFRP structures would be severely undermined. Therefore, it is indispensable to carry out effective quantitative nondestructive testing (NDT) of internal defects buried within GFRP structures. Along with the development of composite materials, microwave NDT is promising in non-intrusive inspection of defects in GFRPs. In this paper, quantitative screening of the subsurface impact damage and air void in a unidirectional GFRP via microwave reflectometry was intensively investigated. The influence of the microwave polarization direction with respect to the GFRP fiber direction on the reflection coefficient was investigated by using the equivalent relative permittivity calculated with theoretical analysis. Following this, a microwave NDT system was built up for further investigation regarding the imaging and quantitative evaluation of buried defects in GFRPs. A direct-wave suppression method based on singular-value decomposition was proposed to obtain high-quality defect images. The defect in-plane area was subsequently assessed via a proposed defect-edge identification method. The simulation and experimental results revealed that (1) the testing sensitivity to buried defects was the highest when the electric-field polarization direction is parallel to the GFRP fiber direction; and (2) the averaged evaluation accuracy regarding the in-plane area of the buried defect reached approximately 90% by applying the microwave reflectometry together with the proposed processing methods.