Best Renters Insurance in Georgia

Renters insurance is not required by law, but many landlords require it. Depending on the state you reside in, renters insurance costs will vary. Fortunately, premiums are generally affordable and coverage can provide peace of mind in the event you experience a covered loss while leasing a rental property. Bankrate analyzed the market for renters insurance in Georgia to help you find the best options. We explored each carrier’s average rates, coverage options, third-party ratings, digital resources and available discounts to help you find the right insurer for your needs.

Best renters insurance companies in Georgia

The average annual cost of renters insurance in the U.S. is $170 per year, according to the latest data from the Insurance Information Institute. Renters insurance in GA is $205 per year on average — the sixth-highest premium in the nation. Still, renters coverage is significantly lower than Georgia’s average cost of home insurance, which runs $1,961 per year. 

Comparing quotes from multiple insurers is a good way to pinpoint the lowest price available to you. However, experts recommend considering more than price when choosing a renters insurance company. Coverage options, discount opportunities, financial stability and customer reviews can also help inform your decision. 

Based on Bankrate’s research, here are some of the companies offering the best renters insurance in Georgia. We detail why each company stands out, its AM Best financial stability rating and its ranking in the J.D. Power 2024 U.S. Home Insurance Study (specifically, the Renters Insurance segment).

*USAA not officially ranked by J.D. Power due to eligibility restrictions

Lemonade

Best for: Giving back

If you’re looking for cheap renters insurance in Georgia and you want your insurance premiums to do more than protect your finances, try Lemonade. Rates start at $5 per month and the carrier is a Certified B Corp with a commitment to giving back to the community. When you take out a policy, you’ll get to select a charity. Once a year, Lemonade donates any unused funds to the charities chosen by its policyholders.

Standout feature:

• Certified B Corp status enabling a giveback program.

Learn more: Lemonade Insurance review

State Farm

Best for: Policy bundling

State Farm is the largest property and casualty insurance company in the United States, with a network of over 19,000 agents. It earned an above-average renters insurance customer satisfaction per J.D. Power in 2024. If you prefer doing business with a well-established company, you can purchase multiple insurance products from State Farm, such as car insurance and life insurance. It also offers banking services.

Standout feature:

• Over 19,000 agents across the U.S.

Learn more: State Farm Insurance review

Allstate

Best for: Policy management flexibility

Allstate could be a good option if you like working with a local agent but also enjoy the option of handling your policy online. Allstate offers several digital tools to help make online policy management easier. Its “What’s your stuff worth?” resource helps you determine the value of your personal property, and the “Find an Agent” tool makes it easy to connect with an expert. Renters covered by Allstate have several endorsement options to personalize their policy, including scheduled personal property coverage and identity theft protection.

Standout feature:

• “What’s your stuff worth?” personal property estimator tool

Learn more: Allstate Insurance review

Nationwide

Best for: Valuables coverage

Nationwide offers numerous ways to obtain renters insurance coverage. You can get a quote online, by phone or from a local agent. The company offers standard renters insurance coverage options — like personal property coverage and liability coverage — along with a few options to personalize your policy, such as Brand New Belongings coverage, which pays for your items at their full replacement value rather than accounting for depreciation. Despite its name, Nationwide renters insurance is not available in Alaska, Hawaii, New Mexico, Louisiana, Florida, New Jersey or Massachusetts.

Standout feature:

• Brand New Belongings coverage

Learn more: Nationwide Insurance review

USAA

Best for: Military-focused coverage

Because it only sells insurance to current and former military and their qualifying family members, USAA is not technically eligible for ranking from J.D. Power. However, the company does consistently receive high scores for customer satisfaction. For those who qualify, USAA offers coverage options tailored to military lifestyles, such as overseas coverage for your belongings if you are deployed.

Standout feature:

• Up to 28 percent discount for military members with specialized renters policies who live on base, in barracks or in dorms

Learn more: USAA Insurance review

Is renters insurance required in Georgia?

The state does not require renters insurance, although some landlords and leasing companies may require it as a condition of your lease. That said, renters insurance may be a wise choice regardless — without it, you could be stuck paying out of pocket for any damaged or stolen belongings. Your landlord’s policy will cover the actual building, permanent appliances and other hardware, but it will not cover your belongings or those of your guests. 

Average renters insurance costs in Georgia

On average, renters insurance in Georgia is $205 per year. In comparison, the national average is $170 per year. Premiums may be influenced by the population density and cost of living in cities like Atlanta, as well as weather patterns, crime stats, claim frequency and more. Georgia renters insurance premiums are comparable to other states in the region:

While renters insurance is generally less expensive than homeowners insurance, your premium will vary based on your specific rating factors, like the amount of coverage you choose, your history of filing claims and your ZIP code.

How to save on renters insurance

Many insurance carriers offer discounts for eligible customers. Ask an agent if there are discounts you potentially qualify for during the quoting process. Below are some of the more common discounts you may find.

• Bundle auto and renters insurance: You might get a discount when you purchase renters and auto insurance from the same carrier.
• Security systems: You could earn a discount if you’ve installed an eligible security system.
• Pay-in-full: You may qualify for a discount if you pay for an entire year of your policy upfront.
• Senior discounts: Ask about a discount if you are a senior citizen.

Renters insurance coverage in Georgia

Renters insurance typically comes with a few different types of coverage. The first is for personal property. Personal property coverage is designed to help cover the cost of damage to belongings like your clothing, furniture and electronics. Depending on how much personal property you have and what your tolerance is for risk, your personal property policy limit will vary.

The other main coverage provided by a renters insurance policy is personal liability insurance. Liability coverage helps pay medical bills and legal fees if someone is injured on your property. It can also help pay for the damage you cause to someone else’s property. The amount of liability coverage you need will depend on a number of factors, including the value of your assets, if you have pets in your home and whether you frequently host visitors.

Frequently asked questions

• What is the best renters insurance in Georgia?
  

  Finding the best renters insurance company usually depends on your needs. Knowing what you are looking for from a company — be it high customer satisfaction, a certain coverage type, a mobile app or anything else — and tailoring your search to those parameters can help you find the right fit. Many of the best home insurance companies in Georgia sell renters insurance, so you may want to start your search there.

• How do I obtain renters insurance in Georgia?
  

  Buying renters insurance differs from each provider. Some allow you to fill out the application online, while other companies may provide quotes by phone or in person. No matter how you get a quote, you will likely need to provide your name, address, the type of home you live in (single-family home, condo, apartment, etc.) and information about the type of coverage you are looking for. If you are uncertain about the levels of coverage you need, you may want to talk to a licensed agent.

• Is renters insurance required in Georgia?
  

  Renters insurance is not required in any state. However, your landlord may require you to obtain a policy with a certain level of liability coverage before signing a lease. If your landlord requires renters insurance, it can help you cover the costs of personal property if your belongings are damaged in a covered event.