Best and Cheapest Renters Insurance in Georgia (2024)


State Farm is the best and cheapest for $20K in personal property coverage, with an average annual premium of $122 and a MoneyGeek score of 95 out of 100.

Although State Farm has the highest MoneyGeek score, the best for you will depend on your needs. USAA is the best for veterans, while Chubb is ideal for those seeking top-notch service.

Company Image
Best Overall: State Farm

State Farm is the best overall renters insurance provider in Georgia, with a MoneyGeek score of 95 out of 100 and an average annual premium of $122.

Company Image
Cheapest: State Farm

State Farm is the cheapest renters insurance provider in Georgia, with a with an average annual premium of $122.

Company Image
Best Service: Chubb

Chubb is the best renters insurance provider for service quality in Georgia, with a MoneyGeek score of 92 out of 100 and an average annual premium of $141.

Company Image
Best for Extra Personal Property: State Farm

State Farm is the best renters insurance provider for those who need extra personal property coverage of $100K, achieving a MoneyGeek score of 95 out of 100, with an average annual premium of $284.

Company Image
Best for Military: USAA

USAA is the best renters insurance provider for military members with a MoneyGeek score of 100 out of 100 and an average annual premium of $130.

Company Image
Best for Bad Credit: Chubb

Chubb is the best renters insurance provider for those with poor credit in Georgia, with a MoneyGeek score of 97 out of 100 and an average annual premium of $238.

Why Trust MoneyGeek? We collected data from the Georgia Department of Insurance and Quadrant Information Services to determine the best and most affordable renters insurance in Georgia.

Renters insurance premiums in Alabama are recent as of September 2024.

28,800Quotes Collected
 
10Cities Analyzed
 
18ZIP Codes

Overall Best Renters Insurance in Georgia

State Farm is the best renters insurance provider in Georgia, with a MoneyGeek score of 95 out of 100 and an annual premium of $122 for $20K in personal property coverage.

  • State Farm: MoneyGeek score of 95 out of 100 ($122 per year)
  • Chubb: MoneyGeek score of 92 out of 100 ($141 per year)

State Farm has perfectly balanced customer satisfaction and affordability.

Company logo for State Farm
Best OverallState Farm
MoneyGeek Score:
95/ of 100

Overview

In Georgia, State Farm offers the best overall renters insurance and ranks first in affordability, with an annual premium of $122.

State Farm offers the relatively rare cyber event and identity theft add-on, which provides two kinds of identity restoration services and can aid renters in recovering from cyber-related incidents. This coverage helps protect renters from financial losses and the hassle of restoring their identity if it’s compromised.

Best Renters Insurance in Georgia
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
State Farm95$ 122
Chubb92$ 141
Auto-Owners Insurance84$ 138
Farmers74$ 177
Travelers74$ 196
Nationwide72$ 199
Allstate47$ 250

Cheapest Renters Insurance in Georgia

State Farm offers the cheapest renters insurance in Georgia, with an annual premium of $122 for $20K in personal property coverage with a $1,000 deductible. The top two cheapest providers in Georgia for this level of coverage are:

  • State Farm: $122 per year
  • Auto-Owners Insurance: $138 per year

Personal property coverage helps safeguard belongings like furniture, electronics and clothing against covered risks. Less expensive renters insurance plans often include lower limits on personal property coverage. While this can keep your monthly costs down, opting for higher coverage limits gives you more financial protection for your possessions.

Cheapest Renters Insurance in Georgia
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
State Farm$ 122
Auto-Owners Insurance$ 138
Chubb$ 141
Farmers$ 177
Travelers$ 196
Nationwide$ 199
Allstate$ 250
mglogo icon
QUALITY OVER COST

Selecting renters insurance should prioritize quality service. Opt for the best renters insurance rather than the cheapest. This ensures efficient claims processing, possibly saving you money over time by avoiding potential issues with inferior coverage.

Cheapest Renters Insurance by High Deductible in Georgia

For renters in Georgia seeking $20,000 in personal property coverage with a $2,000 deductible, the cheapest option is State Farm, with an annual premium of $104. The top two providers for the same coverage are:

  • State Farm: $104 per year
  • Chubb: $119 per year

A deductible is the amount you pay out-of-pocket before your insurance kicks in. A deductible can significantly affect your costs. Higher deductibles usually result in lower premiums. Below, you can see how rates change with specific providers.

Cheapest High-Deductible Renters Insurance in Georgia
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Deductible:
Deductible:$ 2,000
State Farm$ 104
Chubb$ 119
Auto-Owners Insurance$ 129
Farmers$ 149
Nationwide$ 158
Travelers$ 167
Allstate$ 250

Best Renters Insurance for Customer Service in Georgia

Chubb stands out as the best renters insurance company for service quality in Georgia for $20K in personal property coverage, with an annual premium of $141. Here are the top two providers in Georgia for those who value great customer service:

  • Chubb: MoneyGeek score of 92 out of 100 ($141 per year)
  • Nationwide: MoneyGeek score of 89 out of 100 ($199 per year)

Great customer service is vital for renters seeking insurance since it ensures a seamless process during stressful situations. Imagine experiencing a quick resolution when you make a claim, with clear communication throughout the process.

Best Service
MoneyGeek Score:
92/ of 100

Overview

Chubb ranks well in customer satisfaction and coverage, with an annual premium of $141.

Chubb offers contents replacement cost and rental car coverage. Contents replacement cost coverage ensures renters are reimbursed for the full cost of replacing damaged or stolen items with new ones. Rental car coverage provides primary insurance for rental vehicles, saving renters from additional rental company fees and offering peace of mind during travel.

Best Renters Insurance For Customer Service in Georgia
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Chubb92$ 141
Nationwide89$ 199
Travelers89$ 196
State Farm85$ 122
Farmers77$ 177
Auto-Owners Insurance73$ 138
Allstate63$ 250

Best Renters Insurance for Extra Personal Property in Georgia

State Farm is the best renters insurance company for renters who need $100K of personal property coverage in Georgia, with an annual premium of $284. For the same coverage, the following providers are the top two in Georgia:

  • State Farm: MoneyGeek score of 95 out of 100 ($284 per year)
  • Auto-Owners Insurance: MoneyGeek score of 85 out of 100 ($361 per year)

Personal property coverage helps replace personal items like furniture, electronics and clothing in case of damage or theft. Higher personal property coverage often comes at a higher cost. Finding a provider who balances cost and great service is crucial since you want both affordability and reliability when covering many valuables.

Company logo for State Farm
Best for Extra Personal PropertyState Farm
MoneyGeek Score:
95/ of 100

Overview

State Farm stands out as the leading provider in Georgia for renters who need extra personal property coverage. It is rated first in affordability and overall ranking. Its annual premium is $284.

State Farm provides uncommon coverage options, including scheduled personal property and a cyber event/ID theft add-on. Scheduled personal property coverage ensures high-value items like jewelry and electronics are insured at their full value, offering renters peace of mind. The cyber event add-on protects against identity theft, safeguarding renters' financial health.

Best Renters Insurance for Extra Personal Property Limits in Georgia
State Farm95$ 284
Auto-Owners Insurance85$ 361
Chubb83$ 585
Nationwide79$ 597
Farmers79$ 518
Travelers72$ 750
Allstate47$ 1,038

Best Renters Insurance for Military Members in Georgia

USAA is the best renters insurance company for renters with military backgrounds in Georgia. With an annual premium of $130 for $20K in personal property coverage, USAA is exclusively for those with military backgrounds. The following are the top two providers in Georgia for military members:

  • USAA: MoneyGeek score of 100 out of 100 ($130 per year)
  • State Farm: MoneyGeek score of 95 out of 100 ($122 per year)

USAA offers a range of products tailored for those with a military background, offering discounts and coverages that suit the military lifestyle.

Company logo for USAA
Best for Military MembersUSAA
MoneyGeek Score:
100/ of 100

Overview

USAA is a renters insurance provider that offers policies exclusively to those with military backgrounds, ranking first in customer satisfaction, coverage and affordability. With an annual premium of $130, it’s the best option for military renters in Georgia.

USAA offers worldwide personal property coverage, which ensures your belongings are protected globally, providing peace of mind during deployments. USAA also offers contents replacement cost coverage, which allows for the replacement of damaged or stolen items with new ones.

Best Renters Insurance for Military Members in Georgia
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
USAA100$ 130
State Farm95$ 122
Chubb92$ 141
Auto-Owners Insurance84$ 138
Farmers74$ 177
Travelers74$ 196
Nationwide72$ 199
Allstate47$ 250

Best Renters Insurance for Bad Credit in Georgia

In Georgia, the best renters insurance company for those with poor credit is Chubb with an annual premium of $238. The following are the top two providers in Georgia for those with poor credit:

-Chubb: MoneyGeek score of 97 out of 100 ($238 per year) -Travelers: MoneyGeek score of 95 out of 100 ($196 per year)

Rates for those with poor credit are often higher, as they pose a greater risk to providers. They may have a history of missed or late payments. Those with poor credit can take steps to improve their credit to lower rates and take advantage of discounts where possible.

Company logo for Chubb
Best for Bad CreditChubb
MoneyGeek Score:
97/ of 100

Overview

Chubb is the cheapest option for renters with poor credit in Georgia. Its MoneyGeek score is 97 out of 100, and its annual premium is $238.

Chubb offers reasonably common discounts, including a protective device discount and a bundle discount. The protective device discount applies if your building has security systems, reducing your premium. The bundle discount saves money when you combine Chubb's homeowners and auto insurance, providing further savings for those with poor credit.

Best Renters Insurance for Bad Credit in Georgia
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Credit Score:
Credit Score:Poor
Chubb97$ 238
Travelers95$ 196
State Farm94$ 263
Nationwide94$ 276
Farmers88$ 402
Allstate83$ 250
Auto-Owners Insurance52$ 5,393

Average Cost of Renters Insurance in Georgia

The average cost of renters insurance in Georgia is $175 annually or $15 monthly, compared to the national average of $146 annually. These rates are based on a renters insurance policy with $20K personal property limits, $100K liability limits, and a $1,000 deductible.

The average cost of renters insurance in Georgia may vary greatly depending on the amount of personal property coverage you purchase. Use the tool below to get an estimate for your renters insurance based on your needs.

Renters Insurance Calculator

MoneyGeek's renters insurance calculator will give you a customized estimate of your renters insurance costs.
It's free to use, requires no personal information and we won't send you any spam.

High
Average
Low

Rates updated:

Dec 06, 2024

Shield Insurance
Why You Can Trust MoneyGeek

Although MoneyGeek partners with some of the companies we recommend, our content is written and reviewed by an independent team of writers, editors and licensed agents. Learn more about our editorial policies and expert editorial team.

Average Cost of Renters Insurance by City in Georgia

The average cost for renters insurance varies by state and city. For example, the average cost in Atlanta is $194, while in Athens-Clarke, it is $167. These rates are based on a renters insurance policy with $20K personal property limits, $100K liability limits, a $1,000 deductible, and a good credit score. Use the table below to see the average cost in your city.

Athens-Clarke$ 167
Atlanta$ 194
Augusta-Richmond$ 172
Columbus$ 172
Macon-Bibb$ 168
Sandy Springs$ 186
Savannah$ 169
mglogo icon
COMPARE QUOTES TO SAVE

Renters in Alabama can save on renters insurance by comparing quotes among providers. With $20K in personal property and a $1,000 deductible, State Farm offers the lowest annual premium at $122, while Allstate has the highest at $250.

What Factors Impact Renters Insurance Costs in Georgia?

Multiple factors impact the cost of renters insurance in Georgia, including location, coverage amount, and credit score. Understanding these factors is important for making informed decisions and potentially lowering your premiums. Below are some key factors that affect renters insurance costs:

  • Location: Areas with higher crime rates or natural disaster risks tend to have higher premiums.
  • Coverage Amount: Higher coverage limits generally result in higher costs.
  • Deductible: Choosing a higher deductible can lower your premium, but you'll pay more out-of-pocket in a claim.
  • Credit Score: Insurers often use credit scores to determine rates, with lower scores leading to higher premiums.
  • Claims History: A history of frequent claims can result in higher insurance costs.

How Much Personal Property Coverage Do You Need?

Determining your personal property coverage as a renter starts with a thorough personal inventory of your belongings, along with their estimated value and proof of ownership. Here's how to create one:

  1. Start With Big-Ticket Items: List all high-value items first, such as electronics, jewelry and furniture, noting their make, model and serial numbers when available.
  2. Document With Photos or Videos: Take clear photographs or video recordings of your belongings, capturing any identifying marks or conditions.
  3. Include Receipts and Appraisals: Attach purchase receipts, warranty cards and appraisal documents for items of significant value.
  4. Store Information Securely: Keep your inventory list and supporting documents in a safe, accessible location, such as a cloud storage service.
  5. Update Regularly: Review and update your personal inventory annually or whenever you acquire or dispose of items.

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.

shirt icon

clothing & accessories

Clothes, shoes, bags, belts, hats, gloves, etc.

$
$
$
$
$
$

What Renters Insurance Typically Covers in Georgia

Renters insurance primarily protects your personal belongings from damage, but it also extends to other areas such as liability and additional living expenses. Here's what a typical policy may cover:

  • Personal Property Coverage: Safeguards your possessions against covered perils like theft to help you replace them.
  • Personal Liability Coverage: Protects you from legal responsibility for injuries or damage to others, such as if a guest is injured in your rental unit.
  • Loss of Use Coverage: For additional living expenses if your rental is uninhabitable due to a fire, for example, loss of use coverage can cover temporary housing costs.

Renters insurance typically applies to specific events, like theft, vandalism or specific natural disasters. Here's what most policies cover:

  • Fire or lightning
  • Windstorm or hail
  • Explosions
  • Riots
  • Damage caused by aircraft
  • Damage caused by vehicles
  • Smoke damage
  • Vandalism
  • Theft
  • Volcanic eruption
  • Falling objects
  • Weight of ice, snow or sleet
  • Water-related damage from home utilities
  • Electrical surge damage

What Renters Insurance Typically Doesn't Cover

Renters insurance does not cover everything; for instance, it typically excludes flood damage and your roommate's belongings. Here's a closer look at what renters insurance doesn't cover:

  • Flood Damage: Standard renters insurance policies do not cover damage caused by flooding.
  • Roommate's Belongings: Your policy does not extend coverage to the personal belongings of your roommates.
  • High-Value Items: Items like jewelry or expensive electronics may require additional coverage.
  • Business Activities: Any business-related activities conducted within the rental property are generally not covered.

FAQ: Renters Insurance in Georgia

Choosing the best renters insurance provider ultimately depends on your individual needs. To help you make an informed decision, we've answered some of the most frequently asked questions about renters insurance.

What is the cheapest renters insurance company in Georgia?

What is the best renters insurance company in Georgia?

How much does renters insurance cost in Georgia?

Is renters insurance required in Georgia?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.