Best Renters Insurance in Georgia
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Renters insurance covers your belongings if you have to replace or repair them when an unexpected event, like a fire or windstorm, occurs. While coverage details change from provider to provider, renters insurance policies are designed to protect your home and help you save money.
To help you select the best renters insurance, the This Old House Reviews Team looked at the three best companies in The Peach State. Learn about each company’s coverage, prices, and reputation in this guide to Georgia renters insurance.
Georgia’s Top 3 Renters Insurance Companies
To help you make an informed decision on how to protect you and your home, our team looked at coverage options, pricing, customer service, and more.
The highest-rated renters insurance companies in Georgia include the following:
Allstate
Allstate provides some of the most comprehensive renters insurance coverage in the industry, making it our best overall provider. Their plans are flexible, allowing you to choose liability options of up to $500,000, and don’t have a limit on their loss of use coverage. Along with their traditional coverage, customers can purchase additional protection for items like jewelry, identity theft restoration, and scheduled personal property.
Coverage from Allstate runs about $16 per month, but the company provides discounts if you meet certain criteria like being retired, bundling renters and auto insurance, or setting up automatic payments.
To support their coverage, Allstate provides customer service through their online portal, mobile app, and claims center phone number at 877-810-2920. With local agents throughout the country, policy questions are handled in a timely and personable manner.
Liberty Mutual
As a veteran insurance provider with over 100 years of experience, Liberty Mutual offers customers an array of choices to personalize their renters insurance coverage. Offering five deductible options ranging from $250 to $5,000, Liberty policyholders can adjust their monthly premium to fit their budget. Coverage from Liberty Mutual starts as low as $5 per month, with customers choosing coverage in four main areas: personal property, loss of use, liability, and medical payments to others.
For personal property coverage, customers get an added benefit of choosing between replacement cash value (RCV) and actual cash value (ACV) coverage. ACV coverage entitles you to compensation on damaged items based on their current value, while an RCV policy pays you the value of the item at the time of purchase.
State Farm
State Farm offers a variety of additional coverage options while providing affordable renters insurance policies. Covering losses from accidents, severe weather, and theft, State Farm allows you to customize your liability, loss of use, personal property, and medical payment coverage. While many renters insurance providers limit loss of use and personal property coverage to a certain dollar amount, State Farm has no limit.
Regarding optional coverage, State Farm allows you to add on protection for over five items like jewelry, computers, and waterbeds. If you bundle your renters and auto insurance with the company, or have safety features within your home, State Farm offers discounts on your monthly premium.
Our Conclusion
We recommend Allstate, State Farm, and Liberty Mutual renters insurance for Georgia residents because of their comprehensive and affordable coverage. Before buying a policy, we encourage you to get quotes from all three companies to see which one is the best for you and your home.
Compare Renters Insurance Companies
| Companies | Allstate | State Farm | Liberty Mutual |
|---|---|---|---|
|
Personal property coverage limits |
$25,000–$150,000 |
No limit |
$15,000, $20,000, or $25,000 |
|
Liability coverage limits |
$100,000, $200,000, $300,000, or $500,000 |
$100,000, $300,000, $400,000, $500,000, $750,000 or $1,000,000 |
$100,000, $200,000, $300,000, $500,000, or $1,000,000 |
|
ACV or RCV |
ACV or RCV |
ACV or RCV |
ACV or RCV |
|
Monthly price |
About $16 |
About $12 |
As low as $5 |
|
Discounts available |
5 |
2 |
5 |
|
Unique add-ons |
Scheduled personal property, uninsured/underinsured motorist |
Waterbed, computer |
Earthquake, identity fraud |
|
Customer service |
24/7 |
Hours vary by department |
Hours vary by department |
|
BBB rating |
A+ |
A+ |
A+ |
Georgia Renters Insurance Coverage
Typically, a Georgia renters insurance policy covers the following items:
- Personal Property Coverage: This type of coverage protects your personal belongings inside your rental, paying for the cost of repairs or replacements.
- Loss of Use Coverage: Loss of use coverage pays for additional living expenses in the event you evacuate your rental because of an unexpected event.
- Liability Coverage: Liability coverage protects you from any property damage you inflict on a neighboring rental.
- Coverage for Medical Payments to Others: If someone is injured in your home, this coverage pays for the medical bills incurred by the guest.
How Much Does a Renters Insurance Policy Cost in Georgia?
According to the Insurance Information Institute, the average cost of renters insurance premiums in Georgia in 2017 was $219 per year or $18.25 per month, higher than the national average of $180 per year. At the time, Georgia ranked six out of 50 for the average cost of renters insurance when ranked in order from most expensive to least expensive states.
Factors to Consider Before Buying Renters Insurance
Before selecting your renters insurance policy, consider the following factors:
- Policy Limitations: Renters insurance policies typically cover events like fire, theft, hail, and vandalism, but many don’t cover events like floods, water damage, or earthquakes. Look into the amount of coverage necessary to determine if the company meets your needs.
- Named Peril vs. All Risk: Some renters insurance companies only cover damages listed in the policy (named peril), while some cover all damages except those listed in the policy (all risk).
- Pets and Safety Features: Some policies may increase your premium if you own a pet or decrease your premium because of safety features you have in your home (like sprinklers or home security systems).
Frequently Asked Questions
Does crime affect renters insurance in GA?
Yes. Where you live affects your insurance rate, including living in areas with a high risk of crime.
How do I get renters insurance in Georgia?
Before selecting a renters insurance policy, consider factors such as how much coverage you need and policy limitations. Once you’ve done your research, get quotes from at least three renters insurance companies so you can select the right one for you and your home.
How do I lower my insurance rate in Georgia?
Your renters insurance rate can go down if you qualify for a discount offered by your provider. Some examples of discounts include being a nonsmoker, bundling renters and car insurance, or installing a home security system.
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