According to the research, Georgia is one of the states with the highest average premiums for renters insurance in the United States. However, you can still locate coverage at an inexpensive price. To determine which company offers the most affordable renters insurance in Georgia, we compared premiums offered by businesses located across the state.

How Much Does It Cost To Get Renter's Insurance In Georgia?

The annual premium for renters insurance in Georgia is around $218, roughly $18 per month. That is far greater than the annual median cost in the United States, which is $179. The typical cost of renters insurance in Atlanta is higher than the national average, coming in at $223 per year.

• Albany: $18
• Athens-Clarke County: $18
• Atlanta: $19
• Augusta: $18
• Brunswick: $17

Cheap Renters Insurance Companies in Georgia

• The Hanover: $13
• State Farm: $15
• Georgia Farm Bureau: $16
• American Strategic: $18
• USAA: $13

The Hanover

You can choose from various renters insurance packages, including one that provides just the fundamentals and two that provide increased limits and other kinds of coverage. For instance, the medium level of coverage would pay for any costs related to identity theft and will replace any perishable food that was lost due to a loss of electricity. If you upgrade to the most comprehensive renter's package, your insurance coverage will also cover damage caused by clogged sewers and drains. Because Hanover offers its insurance via independent agents, you will have the opportunity to discuss the many possibilities available.

State Farm

The renters insurance offered by State Farm includes coverage for replacing your furniture, clothing, and other personal goods. This implies that if your belongings are lost, stolen, or damaged, the firm will reimburse you enough to purchase brand-new replacements. (Because of depreciation, other businesses may offer you a lower price for your older things.) You may also be able to purchase additional protection against identity theft and flood damage.

Georgia Farm Bureau

Consider that to get insurance from this provider; you will first need to become a member of the Farm Bureau. The annual fee of membership is $35, and members get discounts on things like travel, entertainment, and medical services. Policyholders can pay bills, get information about their policies, and make claims by logging in to their accounts on the Farm Bureau website.

American Strategic

American Strategic, often known by its acronym ASI, is a subsidiary of Progressive. If you purchase renters insurance through Progressive, there is a significant likelihood that American Strategic will be the insurer that provides the coverage for your policy. If you receive your vehicle insurance through Progressive and your renters insurance through ASI, you might be eligible for a discount for bundling the two policies together. (Both of these may be purchased via the Progressive website.) Those who reside in gated communities or pay their bills in full at the beginning of the month may also be eligible for discounts.

USAA

In contrast to most other insurance providers, USAA's basic renters policy includes coverage for damage caused by earthquakes and floods. It also includes coverage for replacing your goods, meaning that if you file a claim, you will get an amount sufficient to purchase brand-new items. Only active duty service members, veterans, and their families can purchase insurance through USAA. You might be qualified for a renters insurance discount if you reside in military housing, such as a base or barracks.

What Factors Go Into Determining The Cost Of Renters Insurance In Georgia?

The rates shown above might offer you a general sense of what you'll pay, but several other variables will determine the actual amount of your premium.

Your current home

Insurers see certain regions as having a higher degree of danger than others. For instance, if you live in a neighborhood with a high crime rate, the insurance company could charge you extra for renters insurance because they believe you are more likely to submit a claim for theft.

Previous assertions

Insurance companies may decide to increase your premiums if you have a history of submitting claims in the past. This is because they believe it is more probable that you will submit claims in the years to come.

Your insurance coverage

The more belongings you have, the more comprehensive your insurance plan will need to be, and the more your monthly premium will cost.

Your deductible

A deductible is the portion of a claim you are responsible for paying out of pocket before your insurance company makes payments. By selecting a greater amount, you can reduce the cost of your renters insurance coverage. Make sure that you wouldn't feel uncomfortable paying that amount if you were in a bind.