- What is the average cost of renters insurance in Georgia?
- Best renters insurance company in Georgia: Auto-Owners
- Cheapest renters insurance in Georgia
- Georgia renters insurance: The least and most expensive ZIP codes
- Renters insurance cost in Georgia by city
- How to save on renters insurance in Georgia
- Methodology
- FAQ: Georgia renters insurance
- Compare Georgia renters insurance rates with other states
What is the average cost of renters insurance in Georgia?
The average cost of renters insurance in Georgia is $334 per year. Rates vary depending on factors like your location, the amount of coverage you choose, your deductible, and your claims history.
"The number one thing that's most important is to get good liability. A renter's policy will default to $100,000 liability," Josiah Hatch, an insurance pro with Bender Hatch Insurance in Boston, said. "It costs next to nothing to go from $100,000 to $500,000. I want to say it's probably 10 bucks a year. It's really cheap to get a lot of extra coverage. I always recommend getting the most liability you can because that's, at its core, what insurance is all about: the worst-case scenario."
| Average annual premium | $334 |
| Average monthly premium | $28 |
Best renters insurance company in Georgia: Auto-Owners
Among the carriers surveyed, Auto-Owners is the best renters insurance company in Georgia, with a top score and an average renters insurance rate of $286.
Georgia Farm Bureau and Travelers are the other best insurance companies for renters insurance in Georgia.
Rates differ widely between renters insurance providers, so it's best to shop around. It's also important to choose an insurance company with a good reputation so you know it will be there for you when you need it.
To help you choose the best renters insurance in Georgia, we reviewed average rates, NAIC complaints, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.
Below are the best renters insurance companies in Georgia.
| Company | Average annual premium | AM Best | NAIC | Insurance.com rating |
|---|---|---|---|---|
| Auto-Owners | $286 | A++ | 0.33 | 5 |
| Georgia Farm Bureau | $131 | B++ | 0.61 | 4.49 |
| Travelers | $481 | A++ | 0.54 | 4.06 |
| Farmers | $428 | A | 0.54 | 4.02 |
| State Farm | $290 | A++ | 0.95 | 3.67 |
| Nationwide | $388 | A+ | 0.87 | 3.5 |
| Allstate | $642 | A+ | 0.9 | 2.78 |
Cheapest renters insurance in Georgia
Our analysis shows that Georgia Farm Bureau is the cheapest renters insurance company in Georgia, with an average annual premium of $131.
Renters insurance rates can differ greatly between providers, so it's best to compare quotes to find affordable coverage that meets your needs.
Here is the list of the cheapest renters insurance companies in Georgia along with their average annual premiums.
| Company name | Average annual premium |
|---|---|
| Georgia Farm Bureau | $131 |
| Auto-Owners | $286 |
| State Farm | $290 |
| Nationwide | $388 |
| Farmers | $428 |
| Travelers | $481 |
| Allstate | $642 |
| USAA | $220 |
Georgia renters insurance: The least and most expensive ZIP codes
Your location in Georgia directly impacts the cost of renters insurance. The most expensive ZIP code in Georgia is 30369, with an average annual premium of $375. This amount is $41 more than higher than the state average.
On the other hand, 30223 is the least expensive ZIP code for renters insurance with an average annual premium of $319 a year.
| ZIP code | Average annual rate |
|---|---|
| 30369 | $375 |
| 30354 | $374 |
| 30337 | $372 |
| 31411 | $371 |
| 31561 | $370 |
| 30342 | $368 |
| 31419 | $366 |
| 30346 | $364 |
| 30038 | $364 |
| 30291 | $363 |
| ZIP code | Average annual rate |
|---|---|
| 30223 | $319 |
| 30170 | $320 |
| 30536 | $322 |
| 31808 | $328 |
| 30812 | $332 |
| 30512 | $333 |
| 30533 | $333 |
| 31820 | $334 |
| 30188 | $335 |
| 30092 | $338 |
Renters insurance cost in Georgia by city
In Georgia, renters insurance rates vary across cities due to factors such as weather risks, crime rates, and other factors. To get the best deal in your city, Compare quotes from several insurers before selecting a policy, so they weigh each factor differently.
City Annual insurance premium
How to save on renters insurance in Georgia
There are several easy ways to lower the cost of renters insurance in Georgia without losing necessary coverage:
- Bundle your policies. Many insurance companies offer a discount if you buy renters and auto insurance together.
- Increase your deductible. Choosing a higher deductible will lower your monthly or yearly premium; just ensure you can afford it.
- Ask about discounts. Most providers offer savings for things like smoke alarms, security systems, or being claims-free.
- Compare quotes. Prices can vary widely between companies, so getting quotes from multiple insurers can help you find the best deal.
- Pay annually. Some insurers offer a small discount if you pay once a year instead of monthly.
Methodology
Insurance.com compared renters insurance rates provided by Quadrant Information Services for $40,000 personal property coverage with a $1,000 deductible and $100,000 liability coverage for all available ZIP codes based on a renter with good credit. To rank the best insurance companies, we gathered AM Best financial stability ratings, where an A++ is the best possible score, and National Association of Insurance Commissioners (NAIC) complaint ratios, which compare the number of complaints a company receives to the anticipated complaint volume based on market share. These factors were used along with rates to find the best companies overall.
FAQ: Georgia renters insurance
Do I need renters insurance in Georgia?
Renters insurance isn't required by law, but your landlord may require you to purchase a policy as part of your lease agreement.
How much renters insurance do I need in Georgia?
You should make sure your personal property coverage is sufficient to replace all of your belongings at replacement cost; there is no minimum requirement.
Compare Georgia renters insurance rates with other states
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