The Best Cheap Renters Insurance in Georgia for 2022

NerdWallet analyzed rates across the state to find Georgia’s cheapest renters insurance companies.

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Georgia is one of the most expensive states in the country for renters insurance, according to NerdWallet’s analysis. But that doesn’t mean you can’t find affordable coverage. We analyzed prices from companies across the state to find the cheapest renters insurance in Georgia.

How much is renters insurance in Georgia?

The average cost of renters insurance in Georgia is $218 a year, or about $18 a month. That’s higher than the national average of $179 a year.

Atlanta renters insurance is a little more expensive, at $223 a year on average. Below are the average renters insurance rates in Georgia’s 20 largest cities.

City

Average annual rate

Average monthly rate

Albany

$218

$18

Athens-Clarke County

$211

$18

Atlanta

$223

$19

Augusta

$215

$18

Brunswick

$208

$17

Calhoun

$212

$18

Columbus

$220

$18

Dalton

$230

$19

Dublin

$216

$18

Gainesville

$211

$18

Hinesville

$202

$17

Jefferson

$211

$18

LaGrange

$214

$18

Macon-Bibb County

$216

$18

Rome

$226

$19

Savannah

$212

$18

Statesboro

$218

$18

Valdosta

$217

$18

Warner Robins

$215

$18

Waycross

$217

$18

Cheap renters insurance companies in Georgia

Despite the expensive rates above, there are options for cheap renters insurance in Georgia. Below are companies with rates below the state average.

Company

Average annual rate

Average monthly rate

The Hanover

$150

$13

State Farm

$174

$15

Georgia Farm Bureau

$192

$16

American Strategic

$217

$18

USAA*

$154

$13

*USAA renters insurance is available only to active military, veterans and their families.

About the cheapest companies

The Hanover: You can choose from several renters insurance packages — one with just the basics, and two with higher limits and extra types of coverage. For example, the middle tier of coverage will pay expenses associated with identity fraud and replace refrigerated food lost in a power outage. Upgrade to the most generous renters package, and your policy will also cover damage from backed-up sewers and drains. The Hanover sells its policies through independent agents, so you can talk through the options you need. Learn more with our Hanover renters insurance review.

State Farm: State Farm renters insurance comes with replacement cost coverage for furniture, clothes and other personal belongings. That means if your stuff is stolen or destroyed, the company will pay enough for you to buy brand-new replacements. (Other companies may pay less for your older items due to depreciation.) You may also be able to add coverage for water backup and identity theft. Check out our State Farm renters insurance review for more details.

Georgia Farm Bureau: When weighing this company’s rates, keep in mind that you’ll need to be a Farm Bureau member to buy its insurance. Membership costs $35 per year and includes discounts on travel, entertainment and health services. Policyholders can log in to the Farm Bureau website to pay bills, get policy info and file claims. Learn more about Farm Bureau insurance.

American Strategic: Also known as ASI, American Strategic is a subsidiary of Progressive. If you buy a renters insurance policy from Progressive, there’s a good chance American Strategic will be the company underwriting the coverage. You could qualify for a bundling discount by getting auto insurance with Progressive and renters insurance with ASI. (You can buy both on the Progressive website.) Savings may also be available if you pay your bill in full upfront or live in a gated community. Read our Progressive renters insurance review to learn more.

USAA: Unlike most insurance companies, USAA covers flood and earthquake damage as part of its standard renters policies. It also includes replacement cost coverage for your belongings, so any claim payouts will be enough to buy brand-new items. USAA insurance is available only to active military, veterans and their families. If you live in military housing such as a base or barracks, you may be eligible for a discount on your renters insurance. Check out our USAA renters insurance review for details.

Georgia renters insurance from the best companies

For a highly rated national insurer, consider one of these carriers from NerdWallet’s list of the best renters insurance companies. Click on the company’s name to read our review.

Company

NerdWallet rating

Average monthly rate

4.5

NerdWallet rating 

$150

4.5

NerdWallet rating 

$174

5.0

NerdWallet rating 

$234

4.5

NerdWallet rating 

$250

5.0

NerdWallet rating 

$256

5.0

NerdWallet rating 

$330

5.0

NerdWallet rating 

$154

What to know about Georgia renters insurance

Below are some of the natural disasters Georgia tenants might face, and how renters insurance can help.

Hurricanes and tropical storms

These types of storms brings two potential sources of damage — wind and water — but your renters policy may cover only one of them.

Most renters policies won’t pay for flood damage, so if you live in a ground-floor apartment in an at-risk area, you may want to buy separate flood insurance. Learn more about flood insurance for renters.

Most renters policies do cover wind damage. However, if your home is located near the coast, you might have a separate deductible for damage due to windstorms, named storms or hurricanes. That means you might have to pay more out of pocket for a wind claim than you would for other types of claims.

In some cases, wind damage may be excluded from your policy altogether if you live in a high-risk coastal area. At that point you could turn to the Georgia Underwriting Association, the state’s insurer of last resort.

Tornadoes

The wind coverage included in most renters policies will pay for destruction from tornadoes.

Lightning and fires

Fire and smoke damage are covered by the vast majority of renters policies. This could include wildfires, a kitchen fire in your apartment or smoke from a blaze next door.

Winter storms

Georgia’s winters are relatively mild, but the state does see occasional ice and snowstorms. A standard renters policy will cover water damage from a burst pipe. Some policies will also pay out if you lose refrigerated food in a power outage.

Earthquakes

Earthquakes are rare in Georgia, but if you’re unlucky enough to experience one, your renters policy likely won’t cover it. You can buy earthquake insurance as an add-on or separate policy.

What determines Georgia renters insurance rates?

The rates above can give you a rough idea of what you’ll pay, but your own premium will depend on a variety of factors.

Where you live

Insurers consider some locations riskier than others. For example, they might charge more for renters insurance in a high-crime area because they consider you more likely to file a theft claim.

Previous claims

If you’ve filed a claim in the past, insurance companies may raise your premium because they think you’re more likely to file again in the future.

The companies below charged the lowest rates in our analysis for renters with a recent theft claim.

Company

Average annual rate

Average monthly rate

The Hanover

$151

$13

Georgia Farm Bureau

$198

$17

State Farm

$214

$18

Chubb

$228

$19

USAA*

$230

$19

*USAA renters insurance is available only to active military, veterans and their families.

Your coverage

The more stuff you have, the more coverage you’ll need, and the higher your premium is likely to be.

Your deductible

A deductible is the amount of a claim you cover yourself before your insurer starts paying. Choosing a higher amount can save you a few bucks on your renters policy. Just make sure you’d feel comfortable paying that amount in a pinch.

Your credit history

Many insurers use a credit-based insurance score, similar to a traditional credit score, to set renters insurance rates. The better your credit, the cheaper your renters insurance may be.

If you’ve got an uneven credit history, consider one of the following companies. They offered the cheapest Georgia renters insurance for those with poor credit in our analysis.

Company

Average annual rate

Average monthly rate

The Hanover

$210

$18

Georgia Farm Bureau

$242

$20

Travelers

$330

$28

Nationwide

$332

$28

Country Financial

$333

$28

Your home’s features

Got deadbolt locks, smoke detectors, a burglar alarm or a sprinkler system? You might be eligible for a protective device discount from your insurer.

Your other policies

Another common way to save on renters insurance is by bundling your policy with another type of insurance, such as auto.

Your dog

The liability part of your renters policy generally covers expenses if your dog bites someone else. That means your insurer might charge you more if you own a breed it considers a higher attack risk, such as a pit bull or Doberman pinscher.

Georgia government resources

On Georgia's Office of Commissioner of Insurance and Safety Fire website, you can check whether agents are licensed and file a complaint against your insurer. For personalized help, you can call the Consumer Services Division at 800-656-2298.

Want more insurance in Georgia?

Methodology

NerdWallet averaged rates for 30-year-old renters from insurance companies in every ZIP code across the state. Sample tenants were nonsmokers with good credit living in a two-bedroom apartment.

They had a $500 deductible and the following coverage limits:

  • $30,000 in personal property coverage.

  • $100,000 in liability coverage.

  • $10,000 in additional living expenses coverage.

  • $1,000 in medical payments coverage.

We used the same assumptions for all other renter profiles, with the following exceptions:

  • We changed the credit tier from “good” to “poor” as reported to the insurer to see rates for renters with poor credit.

  • For renters with a history of claims, we added a single theft claim to their record.

These are sample rates generated through Quadrant Information Services. Your own rates will be different.

Insurer complaints methodology

NerdWallet examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners in 2018-2020. To assess how insurers compare to one another, the NAIC calculates a complaint index each year for each subsidiary, measuring its share of total complaints relative to its size, or share of total premiums in the industry. To evaluate a company’s complaint history, NerdWallet calculated a similar index for each insurer, weighted by market shares of each subsidiary, over the three-year period. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC. Ratios are determined separately for auto, home (including renters and condo) and life insurance.

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