Best and Cheapest Renters Insurance in Georgia for 2024

Wondering if you need renters insurance? It's important to know that your landlord's insurance covers the building you're renting while renters insurance covers your personal belongings and provides liability protection.

A common misunderstanding is that renters don't need renters insurance because their landlord has coverage already, but both policies have different and important purposes. Your landlord is interested in protecting against any property damage that could be done to the building itself. You want to be certain that if you need replacement furniture after a flood that you won't have to pay for it out of pocket. That's why you would need a renters policy.

So if you want to ensure you're properly covered while renting, it's important to find one of the best Georgia renters insurance companies. But where do you start? In the table above, you can sort through all the renter's insurance companies ranked on Clearsurance. The rating next to each company the insurer's Clearsurance score is based exclusively on the thousands of ratings provided by customers.

Note: Only those companies with at least 25 renters insurance reviews are eligible to appear in the best Georgia renters insurance rankings.

It is important to know as much as you can about your renter's insurance company before taking out a policy with them. While you are going to focus on how much your payment is going to be, it's also beneficial to discover what types of coverage you'll need. If you have more valuable items, you may need more than just the minimum requirements.

Talking to a local, experienced insurance agent can help answer any questions you may have. Some questions to consider asking include, "what is the average cost for your renter's insurance coverage?", "does my policy cover things such as water damage and bodily injury?" and, "what are my coverage options and my coverage limit?"

If you're worried about getting accurate answers and proper customer satisfaction, you should talk to an agent directly, rather than going online. An online quote can only be so accurate.

Interested in learning more about one of the companies on the list of the best renters insurance companies in Georgia? You can visit the company's profile page to find more information about the company, see what their sample rates may look like, and read reviews to learn from the experiences of other policyholders.

On this page:

• Georgia renters insurance rates
• Average cost of renting in Atlanta
• Renters insurance for Georgia college students
• Georgia property crime statistics

Who offers the best Georgia renters insurance rates?

When you're looking for standard renters policies, one of the first things you're going to do is compare companies. Out of the most popular renters insurance companies in Georgia, Georgia Farm Bureau offers the cheapest rates, on average, for Georgia apartment renters.

In Georgia, renters insurance rates can vary based on factors specific to you. But they can also vary based on which renters insurance company you choose. Some companies may offer renters insurance in Georgia for a cheaper rate than others. In the table below, you can see average Georgia renters insurance rates from some of the largest companies in the state.

*USAA is only available to former and active military members and their families.

These average renters insurance rates are based on a policy with $30,000 in personal property coverage (with a $500 deductible), $100,000 in personal liability and $1,000 in medical payments to others. The rates displayed should only be used for comparative purposes as individual rates in Georgia will differ. Rate data is provided by Quadrant Information Services.

How much does rent cost in Atlanta?

On average, it costs $1,320 per month to rent an apartment in Atlanta. The cost to rent depends on your location within the city as well as the size of your apartment.

Atlanta is a city of musical diversity and the birthplace of the civil rights movement in the United States. If you're drawn to live in this city with southern charm and hospitality, be aware that the average monthly cost of rent is $1,320, but different areas of the city have different areas of the city have different average monthly costs. For example, Brookwood Hills costs $1,830 on average per month while Lake Claire costs $1,654 on average per month.

The type of apartment also affects rent costs. On average, a studio apartment costs $1,320 per month and a one-bedroom apartment costs $1,213 in Atlanta. On the other hand, a three-bedroom can cost an average of $1,542 per month. Along with rent, another expense renters may have in Atlanta is renters insurance. However, renters insurance is typically considered affordable and costs an average of $226 a year in Georgia.

Is there renters insurance for Georgia college students?

Whether you're attending the Georgia Institute of Technology, the University of Georgia, or one of the state's many other colleges or universities, you may find yourself living in an on-campus dorm or renting an off-campus apartment. There are a few things for college students renting housing in Georgia to consider in order to protect their personal belongings.

Typically, college students who live in dorms located on the college campus are covered by their parent's homeowners insurance policy. That's usually only the case for students who live on campus, though. Georgia college students who rent apartments off-campus should consider a renters insurance policy because their items won't be covered under their parents' policy, and without a renters insurance policy, they won't have any protection.

College students will most likely have roommates in the apartment they rent. It's not advised that students share renters' insurance policies with roommates. Rather, each student should have their own renter's insurance policy to protect their own belongings.

What are the Georgia property crime statistics?

Theft and vandalism or malicious mischief are among the 16 perils a standard renters insurance policy protects you from. So, how does crime in Georgia compare to other states around the country? The FBI published the following statistics on crime in Georgia for 2016:

• Property crime - 309,770
• Burglary - 63,344
• Larceny theft - 219,625

All three statistics for Georgia, when compared to the national average rate per 100,000 inhabitants, rank higher than the national average. It is important to make sure that you are always covered. Ask your local insurance agent if your renter's policy covers additional protection like a burglar alarm. This will not only help keep you safe but also help with peace of mind, knowing that you are protected.

This is also a great way to keep the price of renters insurance low, too. By having a deadbolt lock, burglar alarms, and smoke detectors installed in your apartment or house that you're renting, you could be eligible for safe renters insurance discounts.

How can you save money on your renters insurance in Georgia?

While renter's insurance may be more affordable than other types of insurance, no one wants to pay more than they have to. So what are the different ways that you can lower your Georgia renters insurance premium and have some extra spending money?

Here are the top 5 ways to save on your renters insurance:

• Raise your deductible
• Ask about potential discounts, especially when you are getting a quote
• Bundle your policies, like renters and auto insurance policies
• Determine the value of your personal property
• Pay in full by check when starting your insurance coverage rather than stretch it out over several months

Getting an affordable price when you may need more than the standard coverage options can also be done by comparing companies. You may find that the average price varies depending on which insurance carrier you're looking at. If you find that one insurer is offering you a better policy even though you have high-value items, you can use this information with your current carrier.

You should also double check what you'd be able to insure within your renters policy. Things such as jewelry and musical instruments often need separate policies or just a higher deductible option. Rather than be surprised at these hidden costs, asking about specific coverage for valuables can save you a lot of money and energy.

How does Clearsurance rate and rank the best renters insurance companies in Georgia?

Consistent with its mission towards greater transparency, Clearsurance does not keep its rating and ranking formulas in a black box. Our algorithm analyzes a range of inputs from our independent community of insurance customers, including:

• Price
• Customer Service
• Claim service
• Likelihood to renew

The algorithm also takes into account the percentage of what customers say the company does well vs. the percentage of what customers say the company could do better.

Finally, there is also a confidence factor based upon the number of reviews a company has by insurance product. If the total number of reviews is less than 100, then a confidence deduction is applied to the star rating. The maximum impact of this deduction occurs when there are less than 25 reviews. Companies with 100 or more reviews, aged two years or less, receive 100% weighting (no deduction), while companies with 50 to 99 customer reviews receive a weighting of 95%, 25 to 49 reviews receive a weighting of 90%, and companies with less than 25 reviews a weighting of 85%.

The Clearsurance customer ratings and rankings are derived entirely from customer reviews and ratings.

Is there a guide that could be used as a reference?

As we mentioned above, there are common misconceptions regarding what is and isn't covered by a renters insurance policy. Before you purchase a policy from one of the best renters insurance companies in Georgia, it's important to understand what your policy covers. For example, did you know that many renters insurance policies include liability protection in the event a non-resident is injured on the property?

Plus, if your apartment becomes uninhabitable from an incident, some policies may cover your additional living expenses as you find temporary housing. Some of them help with medical payments, pay more for property damages, or offer better coverages. You should always look at a variety of insurance providers when you are looking to purchase renters insurance coverage, but we have a ton more advice.

It is important to know all that you can before taking out a renters insurance policy. Learn about the insurance company and the protection that their policies offer before making a final decision. Know and understand your policy limits and ask about what additional coverages you can add to your protection.

While we all want the most affordable renters’ insurance, it is important not to sacrifice the quality of your protection just to save some money. Talk to a local insurance agent about which insurance carrier is right for you, and what coverages they offer. You'll be able to make your decisions with confidence the more information you have.

We want to make sure you’re equipped with a proper knowledge of renters insurance, so check out our renters insurance guide. Looking for more educational information about renters insurance? Check out our renters insurance blog for more information and topics related to renters insurance. You'll be better equipped to find an affordable policy if you know where to look and what questions to ask.