Best Tenant Insurance in Georgia

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The average annual cost of renters insurance in the United States is $ 179 per year. Renters in Georgia pay a little more than that, with an average premium of $ 214 per year for tenant insurance, according to the latest rates available from the Insurance Information Institute (Triple-I). If you live in Georgia, a home insurance policy can help protect you from the financial stress of having to replace your belongings if they are stolen or damaged. Renters insurance also offers liability coverage, which is an important part of your financial plan.

To find the best tenant insurance, tenants in Georgia may want to consider several factors, including average rates, discounts, optional coverages, and a company‘s financial strength scores. Bankrate took these considerations into account and analyzed tenant insurance companies in Georgia to help you find the best fit for your needs. Our research indicates that Allstate, Geico, Nationwide, State Farm, and USAA are some of the best providers of renter insurance in Georgia.

Best Renters Insurance Companies in Georgia

Based on our research, here are some of the best providers of tenant insurance in Georgia:

Provider AM Best grade JDPower
Allstate A + 841/1000
Geico A ++ Unclassified
At national scale A + 831/1000
State farm A ++ 836/1000
United States of America* A ++ 888/1000

* USAA is not eligible for official ranking with JD Power due to eligibility restrictions

Allstate

Allstate might be a good option if you’d rather work with a local agent than manage your policy online. The company has an agent network that spans the country, and the ‘Find an Agent’ tool on the Allstate website makes it easy to see if there is an agent in your area. . Allstate offers several endorsement options to allow you to customize your policy, including special personal property coverage and flood insurance.

Geico

Geico was not ranked in the JD Power study for renter insurance, but it did receive the top spot for major carriers in JD Power’s 2020 US Insurance Shopping study, which looked at the customer experience. when purchasing auto insurance coverage. Geico says its tenant insurance policies can cost as little as $ 12 per month, so if budget is your main concern, Geico might be a good option.

At national scale

Nationwide is known for its “By Your Side” slogan and offers tenants many ways to get tenant insurance coverage. You can get a quote online, over the phone, or from a local agent. Nationwide offers standard tenant insurance coverages, like personal property coverage and liability coverage, as well as a few options to customize your policy, like Brand New Belongings coverage, which pays for your items at their full replacement value rather than to recognize the depreciation.

State farm

State Farm is the largest property and casualty insurance company in the United States, with just over 9% market share across all lines of business. Like Allstate, the company operates using a network of local agents. The company has over 19,000 agents across the country, so it’s likely there is one in your area. State Farm offers many insurance products, including auto, renters, and life insurance, as well as banking services. If you are looking for a business that can meet many of your financial needs, State Farm might be a good option.

United States

Because it only sells insurance to current and former military personnel and certain family members, the USAA is not technically eligible for JD Power’s ranking. However, the company consistently scores high for their customer service. If you qualify for coverage with the USAA, you may be able to purchase a renters insurance policy for only 33 cents per day. USAA offers coverage options tailored to members of the military service, such as overseas coverage of your belongings if you are deployed.

Average insurance costs for tenants in Georgia

Renters in Georgia pay, on average, $ 214 per year for a tenant insurance policy, according to Triple-I. The average national premium for renters insurance is $ 179 per year, which makes Georgia more expensive, on average, for renters insurance. Compared to surrounding states, however, Georgia renters’ insurance premiums are competitive:

State Average rate
Florida $ 185
Tennessee $ 195
Caroline from the south $ 184
Alabama $ 222

While renters insurance is generally cheaper than homeowners insurance, your premium will vary depending on your specific pricing factors, such as the amount of coverage you choose, your claim history, and your code. postal.

Insurance coverage for tenants in Georgia

Home insurance usually comes with several types of coverage. The first concerns personal property. Personal Property Coverage is designed to cover the cost of damage to your property, such as clothing, furniture, and electronics. Depending on the amount of personal property you own and your tolerance for risk, the level of your personal property will vary.

The other primary coverage offered by a renters insurance policy is liability insurance. Liability coverage pays for the medical bills and legal fees of someone injured on your property, if you are held responsible for their injuries. It can also pay for damage you cause to someone else’s property. The amount of liability coverage you need will depend on a number of factors, including how many assets you need to protect and the value of those assets, whether you have pets and whether you frequently have pets. visitors. Your landlord may require that you have a certain amount of liability coverage.

Frequently Asked Questions

What is the best tenant insurance in Georgia?

The best insurance company for renters will depend on your individual needs. The best business for one person is likely to be different from the best business for someone else. You may want to assess your specific needs, determine how much of your budget you can allocate to tenant insurance, and get quotes from several companies.

How to get tenant insurance in Georgia?

Buying tenant insurance differs from provider to provider. Some allow you to complete the application online, while other companies can provide quotes over the phone or in person. No matter how you get a quote, you will likely need to provide your name, address, type of home you live in (single family home, condo, apartment, etc.) and information on the type of coverage you are looking for. . . If you are unsure of the levels of coverage you need, you may want to speak with a licensed agent.

Is tenant insurance compulsory in Georgia?

Renters insurance is not required by law in Georgia, but your landlord may require you to provide proof of coverage before signing a lease or moving in. Typically, homeowners are only concerned with the level of liability coverage you carry. Insurance of your personal effects is generally your responsibility.


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