Georgia's Best Low-Cost Renters Insurance

Renters insurance is not expensive, but it is required to cover your things if they are destroyed or stolen. We gathered dozens of renters insurance quotes from across Georgia to uncover the top options for renter insurance in the state.

The best price we found in Georgia for renters insurance is about $20 per month. However, you should not base your decision solely on pricing; service quality and coverage alternatives are also crucial considerations. Continue reading for our top Georgia renters insurance recommendations, or use the quote box above to find the best rates for you.

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State Farm provides the best renters insurance for the majority of consumers.

We believe that State Farm renters insurance is the best option for the majority of Georgia renters. It stood out among the organizations we looked at because of its low costs, simple purchasing process, and excellent customer support.

State Farm's average renter's insurance premium is $20 per month, which is 22% cheaper than the Georgia average and the cheapest we discovered nationwide. State Farm's customer service ratings are also higher than the national average for Georgia insurers. It earned a 0.38 complaint index from the National Association of Insurance Commissioners, which means it had 38% fewer complaints than a typical insurer of the same size.

State Farm received a good 831/1000 in J.D. Power's renter's insurance study, the most expensive Georgia insurer we looked at has a rating of. It also obtained an A++ financial strength grade from AM Best, the highest possible score, suggesting that the company's finances are exceptionally reliable.

State Farm, the nation's largest insurance firm, offers a wide range of insurance products, including vehicle and boat insurance. As a result, it is an enticing choice for renters who wish to handle all of their insurance coverage through the same source.

For complete coverage, Travelers Insurance is the best option.

Travelers Insurance is recommended for renters who have a large number of things that require covering. Its costs are only $3 more than our top pick, at $23 per month, and you may personalize your coverage with more options than State Farm.

Travelers' two most tempting coverage options are equipment breakdown coverage and water backup coverage. Equipment breakdown insurance covers the cost of repairing mechanical goods such as washing machines that fail. Water backup coverage also covers damage to your property caused by a water backup. The main disadvantage of Travelers is that you must pay in advance for a full year of coverage — you cannot pay month to month. While the overall cost after a year is less than normal, and you can get a refund if you change insurers midyear, it may be a hardship for some tenants to pay the full sum all at once, especially if you move. Travelers' ratings for customer service aren't as high as our top pick. It has an NAIC compliant value of 0.50 and a J.D. Power rating of 796/1000.

Liberty Mutual is the best option for getting the most out of your discounts.

We recommend Liberty Mutual to renters who can't find inexpensive rates from our top recommendations but can qualify for a slew of discounts. It provided the biggest discounts of any Georgia renters insurance company we looked at, including a handful that were not available elsewhere. With an average monthly cost of $21, we found Liberty Mutual to be the second-cheapest renter's insurance provider. And it was the cheapest option in almost half of the cities for which we received quotes.

We discovered more potential savings at Liberty Mutual than at any other insurance carrier. They provided traditional savings, such as those for bundling numerous policies and being claim-free, as well as less frequent ones, such as signing up for automatic payments or purchasing your policy online. However, we don't advocate purchasing renters insurance coverage only based on savings - they aren't a great reflection of what you'll pay, which is what is important. To receive the greatest pricing, we always recommend collecting estimates from various insurance companies.

Liberty Mutual's coverage and customer service options were average. It had an NAIC complaint index of 0.81, which means it received approximately 81 percent as many complaints as a typical insurance firm of its size. That is better than the national average but not as good as the other insurance providers we investigated.

How we choose the best Georgia renters insurance companies

We develop our suggestions based on three primary criteria while analyzing renters insurance companies:

• Affordability: Is this insurer's pricing competitive with other insurers in the area?

• Coverage options: Does it offer a diverse range of coverage options that are beneficial to renters?

• Customer satisfaction: Are customers satisfied with the service they receive from their insurer, particularly during the claims process?

Affordability: Obtaining low-cost renters insurance in Georgia

The average cost of renters insurance in Georgia is $25 per month, however, there is a significant difference between firms. State Farm, the cheapest insurance we looked at, is 41% less expensive than the most expensive insurer. That means switching providers can save you up to $172 per year.

See the table below for a complete overview of the cheapest renters insurance companies in Georgia.

Compare Georgia renter's insurance choices.

Our coverage levels of choice were as follows:

• $30,000 in personal property coverage$100,000 in liability insurance

• $1,000 in medical payments coverage

• $500 is the deductible.

• $0 in lost use

Discounts aren't necessary for renters insurance.

Though many insurance firms advertise discounts, we do not recommend purchasing renters insurance only based on those. Renters insurance is often inexpensive enough that a percentage discount will not make a significant difference in your price. The only exception is a combo discount. All of the insurers we looked at offer discounts for combining renters and other forms of insurance policies, particularly auto insurance. Bundle discounts are among the most significant discounts offered by insurers, and they frequently apply to both your renters and auto insurance plans. We always recommend double-checking to verify if you're eligible.

Options for coverage: comparing renters insurance policies and advantages

Renters insurance normally does not have as many coverage options as homeowners and auto insurance policies, but some extra coverages can distinguish insurers – especially if you stand to gain from that coverage. Here are some main coverage alternatives that Georgia residents may find appealing:

• Replacement cost coverage: Pays the whole cost of replacing an item that has been damaged or stolen, rather than the depreciated worth.

• Valuable things: Covers the full cost of pricey items such as jewelry and gadgets, which are frequently excluded from standard plans.

• Water backup: Pays to repair or replace goods damaged by water by a drain backup.

• Flood insurance protects your property from damage caused by floods, which is always excluded from standard renters insurance policies. It is typically sold as a distinct policy, rather than as an endorsement to renters insurance.

Furthermore, every renter's insurance company we investigated covered the following standard coverages. If a renters insurance company does not offer these basic alternatives, you should look elsewhere:

• Personal property coverage: Pays to repair or replace your belongings if they are stolen or damaged as a result of a covered risk.

• Additional living expenses: Pays for a hotel or other lodging if your flat is rendered uninhabitable due to a covered risk, such as a fire.

• Liability coverage: Pays for damages caused to others for which you are accountable, such as if a visitor is harmed in your house.

• Medical payments coverage: Covers the cost of others' medical care while they are in your house, regardless of who is at fault.

Customer service: assessing insurer quality in terms of service and claims.

Excellent customer service from your renter's insurance provider is critical. After you've had anything stolen or lost possessions in a fire, you want to work with a firm that will work with you to get your claim filed as soon as possible, rather than dragging it out for weeks. We look at three major indicators to evaluate customer service from Georgia renters insurance companies: the NAIC complaint index, the J.D. Power rating, and the AM Best financial strength rating. For the Georgia insurers, we looked at, we based our assessment on the following factors:

• The NAIC Complaint Index measures the number of complaints received by insurance companies based on their size. A lower number means that there are fewer complaints(and thus better service), and the national average is 1.00. Because the NAIC includes homeowners, renters, and condo insurance, these ratings reflect all three.

• J.D. Power rankings: This number represents overall consumer satisfaction with renters insurance businesses and is based on a survey of renters insurance customers. AM is based on a 1000-point scale, while the national average is 835.

• Best FSR: A letter grade representing an insurance company's overall financial health. Also indicates the company's ability to pay out claims even when there is a strong demand for them (such as after a natural disaster) or an economic crisis.

Georgia renter's insurance rates vary by city.

In addition to our statewide examination of renters insurance costs in Georgia, we also undertook a city-by-city breakdown. The average cost of renters insurance in Georgia is shown here, along with how it compares to the statewide average.

The cost of renters insurance varies by state as well. See how the cost of renters insurance in Georgia compares to the rest of the country in our renter's insurance cost research.

Frequently asked questions

What is the cost of renters insurance in Georgia?
Renters insurance in Georgia costs $25 per month for a common amount of coverage. However, we discovered that choosing the correct firm and modifying your policy coverage or deductible might drastically reduce that cost. Learn how to avoid paying exorbitant premiums by comparing quotes in Georgia.

Is renters insurance mandatory in Georgia? While some landlords may need renters to obtain insurance as a condition of their lease, there is no statewide regulation in Georgia that requires renters to obtain insurance. Nonetheless, we believe it is a low-cost solution to avoid paying out of pocket if something occurs to your stuff while you are renting a house. See a list of GA-recommended insurance.

How long does renters insurance take to take effect? In most circumstances, coverage under a renters insurance policy will begin the day you apply and pay your first premium payment. Some insurers may require you to wait one day, but there are many others available if you need coverage as soon as possible to sign a lease.