Chubb, State Farm and Nationwide are Georgia's best cheap renters insurance companies. State Farm is the top company for affordable rates, while Nationwide offers the best coverage options.
Cheap Renters Insurance in Georgia
Updated: April 23, 2025
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Key Takeaways
State Farm offers the cheapest renters insurance in Georgia, starting at $342 annually. Chubb is the best overall company.
Renters insurance in Georgia costs around $33 per month but ranges from $29 to $61.
To get the best and most affordable renters insurance, determine your coverage needs first, research costs and compare multiple quotes.
Georgia Renters Insurance Quote Estimates
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Rates updated:
Apr 24, 2025
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Best Cheap Renters Insurance Companies in Georgia
| Chubb | 96 | $34 | $408 |
| State Farm | 95 | $29 | $342 |
| Nationwide | 92 | $42 | $500 |
| Travelers | 92 | $47 | $567 |
| Farmers | 84 | $61 | $737 |
*This list shows rates for a renter with good credit, no claims history, $50K in property damage coverage, $100K in liability coverage, a $1,000 deductible and guaranteed replacement.
Compare Personalized Best Cheap Renters Insurance in Georgia
While the list above covers most renters, it may not reflect the best options for your needs. Below is a filterable table tailored to match your profile, helping you find the best choice in Georgia.
Data filtered by:Results filtered by:
Select
Coverage Level:$50K Personal Property / $100K Liability
Select
Deductible:1000
Select
Claims History:Claim free for 5+ years
Select
Contents Replacement:Yes
Select
Credit Tier:Good
| State Farm | 95 | $20 | $244 |
| Chubb | 94 | $24 | $284 |
| Auto-Owners | 88 | $21 | $253 |
| Nationwide | 78 | $37 | $440 |
| Farmers | 76 | $34 | $407 |
Best Georgia Renters Insurance Reviews
Below are more details about our top picks for affordability, customer service and coverage options for renters insurance in Georgia.
State Farm: Most Affordable Plans
pros
Most affordable rates
High financial stability ratings
Strong coverage add-ons
cons
Below-average customer satisfaction
COMPANY HIGHLIGHTS
State Farm ranks second for the best renters insurance in Georgia and offers the most affordable rates, starting at $29 monthly. It's one of the top three cheapest options across all coverage levels. Known for strong customer service, State Farm provides various coverage options for renters, including optional replacement cost coverage and identity restoration coverage.
Nationwide: Best for Coverage Options
pros
Affordable rates for higher coverage
Most extensive add-on coverage selection
High claims satisfaction ratings
cons
Lower-than-average overall customer satisfaction ratings
Less affordable for lower property damage coverage levels
COMPANY HIGHLIGHTS
Nationwide ranks third for best renters insurance in Georgia, with balanced rankings in affordability, coverage and customer service. The company ranks third overall for affordability in our study and average for claims and customer satisfaction in J.D. Power's study. Nationwide's coverage options include credit card coverage and add-ons to replace selected personal property at actual cash value.
Average Cost of Renters Insurance in Georgia
The average cost of renters insurance in Georgia is $401 per year, $159 higher than the national average of $242. These rates reflect a policy with $50K in personal property coverage, $100K in liability limits and a $1,000 deductible.
Your rate may vary based on your profile. Check our table below for major factors affecting premiums and average costs for your profile.
Data filtered by:Results filtered by:
Select
Coverage Level:$50K Personal Property / $100K Liability
Select
Deductible:1000
Select
Claims History:Claim free for 5+ years
Select
Credit Tier:Good
Select
Contents Replacement:Covered
| $50K Personal Property / $100K Liability | $33 | $401 |
Average Georgia Renters Insurance Cost by City
Renters insurance costs vary widely by city. The average annual premium in Athens-Clarke is $315; in Atlanta, it's $369 for a policy with $50K in personal property coverage and $100K in liability coverage. Check the table below for the average cost in your city.
| Athens-Clarke | $315 |
| Atlanta | $369 |
| Augusta-Richmond | $324 |
| Columbus | $324 |
| Macon-Bibb | $317 |
| Sandy Springs | $352 |
| Savannah | $319 |
*This table shows rates for a renter with good credit and no claims history. Policies include $50K property damage coverage, $100K liability coverage, a $1,000 deductible and guaranteed replacement.
Georgia Renters Insurance: Buyer's Guide
Choosing renters insurance in Georgia can be challenging, with so many choices. Our guide simplifies this process, helping you find coverage that fits your needs.
How to Find the Best Cheap Renters Insurance in Georgia
Finding the best and cheapest renters insurance for your needs can be challenging. Follow this step-by-step guide to find your ideal option.
- 1
Determine the right coverage level
Assess your possessions' value and local risks like weather, crime and pets before shopping. This helps you compare rates accurately.
- 2
Research costs and discounts
Check average costs for your needed coverage to judge if quotes are reasonable. Look for discounts to lower your premium.
- 3
Compare providers
Research companies' reputations and coverage options to identify those matching your needs before requesting quotes.
- 4
Consider bundling
Look into combining renters insurance with your auto policy. Many providers offer savings that might cover the entire cost of renters coverage.
- 5
Get multiple quotes
Gather at least five quotes with similar coverage. Use comparison sites, provider websites, brokers and direct agent contact to find the best rate.
- 6
Compare policies annually
Insurance costs change often. Compare options yearly to avoid overpaying, as switching providers might save money as the market changes.
How Much Renters Insurance Do I Need in Georgia?
Renters insurance isn't required by law in Georgia, but most landlords require at least $100K in liability coverage. Requirements may vary based on your rental history, credit and pet ownership. Consider how much property you want covered, weather risks, crime in your area and if you own a pet.
Use our calculator below to determine your ideal personal property limits and how much renters insurance you need.
Personal Property Coverage Calculator
When figuring out how much renters insurance you need, experts recommend the standard $100,000 in liability insurance and enough personal property protection to cover your possessions. Use MoneyGeek's calculator to estimate the value of your possessions so you know how much personal property coverage to buy.
clothing & accessories
Clothes, shoes, bags, belts, hats, gloves, etc.
Georgia Renter Risk Considerations
Georgia renters face certain risks that may require additional insurance coverage:
- Weather risks: Georgia has a high risk of hurricanes and tornadoes in some areas. Standard coverage may not cover these threats, so you must purchase separate coverage.
- Crime risks: Georgia ranks 30th nationwide for property crime rate and second for identity theft and fraud. Consider add-ons or supplemental property damage coverage.
- Pet ownership: You might need pet liability coverage depending on your pet. Check how different providers handle pet coverage and whether it's included in standard policies.
- Property types: Standard policies may not fully cover special tools, valuables, electronics or structures like pools on rented property. Look for companies offering specific add-ons for these items.
How Does Renters Insurance Coverage Work?
Renters insurance typically covers damage to your property, liability for harm to others and loss of use related to your rental home. Additional coverage options can make your policy more comprehensive. Common types of renters insurance coverage include:
Coverage Type | Standard or Add-on | Coverage Details |
|---|---|---|
Standard | Pays for damaged or stolen personal items up to your policy limit. Basic coverage reimburses the depreciated value, while replacement cost coverage pays for new equivalent items. | |
Standard | Covers medical and legal costs if someone gets hurt in your rental. Many landlords require this protection. | |
Additional living expenses | Standard | Helps pay for temporary housing, meals and transportation when your rental becomes uninhabitable. Limits vary by insurer. |
Natural disasters | Add-on | Provides coverage for earthquake or flood damage. Available through select insurers as separate policies. |
Parts/Equipment | Add-on | Covers tools, appliances and utilities in your rental |
Scheduled property | Add-on | Insures valuable items up to specific limits |
Identity theft | Add-on | Covers financial losses and legal expenses from identity theft. Some policies include monitoring services. |
Pet liability | Add-on | Protects against injuries caused by your pet, though standard policies may include this |
Modifications | Add-on | Covers custom additions you've made to your rental |
Food loss | Add-on | Reimburses food lost during covered incidents. |
Best Renters Insurance in Georgia: Bottom Line
Georgia's best cheap renters insurance companies are Chubb, State Farm and Nationwide. Chubb and State Farm offer low rates and good service. We recommend these companies, but always compare quotes from several providers to find your best deal.
Renters Insurance in Georgia: FAQ
Review our experts' answers to frequently asked questions below:
What is the cheapest renters insurance company in Georgia?
State Farm offers the cheapest renters insurance in Georgia, with an average annual premium of $342 or $29 per month.
What is the best renters insurance company in Georgia?
Chubb is the best renters insurance company in Georgia, with a MoneyGeek score of 96 out of 100 due to its excellent affordability, customer satisfaction and coverage options.
How much does renters insurance cost in Georgia?
The average cost of renters insurance in Georgia is $401 per year or $33 per month, 66% more than the national average. Annual premiums range from $342 to $737.
Is renters insurance required in Georgia?
Georgia doesn't legally require renters insurance, but your landlord may. Consider your situation to decide if a policy makes sense for you. Key reasons to get coverage include protecting your belongings from common hazards and covering liability costs if someone gets hurt in your rental.
How We Found the Best Cheap Renters Insurance Companies
We based our affordability score (60% of the total score) on quotes for a profile with:
- $50K personal property coverage
- $100K liability coverage
- $1,000 deductible
- Property replacement coverage
- Good credit score
Our complete scoring also considered:
- Customer satisfaction from industry research (25%)
- Add-on coverages (10%)
- Financial strength ratings (5%)
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.
sources
- American Red Cross. "Which Natural Disasters Should You Prepare For?." Accessed April 22, 2025.
- Insurance Information Institute. "Facts + Statistics: Identity Theft and Cybercrime." Accessed April 22, 2025.
- U.S. News. "Low Property Crime Rate." Accessed April 22, 2025.