Learn more about renters insurance in Georgia.Get Renters Insurance
Renters insurance is a great — and cheap! — way to ensure your personal belongings are insured against common incidents. Renters insurance protects your belongings from fire or smoke damage, a wind storm, theft or vandalism and a collection of other mishaps.
Unlike auto insurance, renters insurance isn't governed by state legislation. That said, there are surprisingly large variations in insurance pricing from state to state. Renters insurance rates by state vary depending on the value of — and total number of — renters policy claims submitted statewide, and also on the value of the belongings covered by the policy.
Getting a renters policy in Georgia is more expensive than the US average. The average annual cost of renters insurance in Georgia is $235, $50 more expensive than the national average.
The best way to find an affordable renters insurance policy in Georgia is to compare rates and consider policies from as many companies as possible. Learn more about how much renters insurance costs in Georgia via the below data. Individual rates may vary depending on coverage options and the value of the items insured.
Prices for renters insurance in Georgia will vary depending on which insurer you select. Georgia Farm Bureau provides the cheapest renters insurance in Georgia, at just $139 per year. This compares favorably to the state average cost of $235, offering a 41% price cut on the state's average rate.
Begin the hunt for renters insurance by reviewing the cheapest Georgia renters insurance carriers, listed below.
|Insurer||Average Yearly Rate in Georgia|
|Georgia Farm Bureau||$139|
Not every city in Georgia has equal renters insurance costs. Policies are often priced on city-specific variables like the number of claims filed nearby, meaning your ZIP code could have a major impact on how much you pay.
The best renters insurance in Georgia is available in Athens. An average renters insurance policy in Athens costs $225 per year — $10 less than the average policy in other Georgia cities. The below table shows the best places to live in Georgia if you’re looking for cheap renters insurance.
|City||Average Annual Renters Insurance Rate|
Searching for renters insurance information for a particular city? Check out our breakdown of the biggest cities in Georgia.
Your renters insurance rates will vary depending on the amount of coverage you purchase. Common renters insurance coverage tiers are $25,000 and $50,000 property coverage. In Georgia, the average annual cost difference between these tiers is approximately $108. If you can afford to insure your personal property at this additional expense, it's worth considering.
|Coverage Level||Average Annual Renters Insurance Rate in Georgia|
If you want to save on insurance, consider purchasing your renters and car insurance policies from the same company. Bundling auto and renters insurance in Georgia can lead to substantial savings on car insurance. Purchasing bundled policies in Georgia may earn you average annual savings of $73.
|Avg. Annual Rate (No Bundle)||Avg. Annual Rate (w/ Bundle)||Annual Savings ($)||Annual Savings (%)|
Despite Georgia state law not requiring renters insurance, your landlord can still require it. Plus, it's generally a good idea to protect you and your property from covered losses
A basic policy in Georgia will cover your contents, your liability, loss of use, i.e., additional living expenses, and medical payments to others.