renters insurance is designed to protect tenants and their personal property against unforeseen events like severe weather vandalism or theft whether you’re leasing an apartment in atlanta or a singlefamily home in savannah renters insurance is an affordable way to gain peace of mind that your life won’t be upended by an unexpected disaster although renters insurance is often seen as a commodity different providers offer various coverage levels prices and quality of customer service we at the guides home team meticulously analyzed and scored dozens of top renters insurance companies to find the ones most likely to serve your needs in georgia see our detailed methodology for more information on how we rate and rank providers the 4 best renters insurance companies in georgia after indepth research we selected the following as georgia’s best renters insurance providers the average cost of renters insurance in georgia is 262 per year which is higher than the national average of 17919 per month renters insurance rates vary based on your location square footage and other factors to get your personalized quote for the cheapest renters insurance use our free tool below we scored lemonade a 49 out of 5 stars for its comprehensive yet cheap renters insurance coverage and quick claims process as a fullydigital insurer not bound to a traditional agent network lemonade’s business model is consolidated into its online customer portal and convenient mobile app for ios and android its 90second signup process is easy to navigate so you don’t necessarily need to be techsavvy to opt for this techbased service because lemonade is powered by ai you won’t be able to speak to a live insurance agent inapp should you run into any problems lemonade does have a tollfree number 1 844 7338666 that can be called for additional customer support am best ratings accurate as of april 2023 another wellknown name among leading insurers in the us allstate scored 46 out of 5 stars for its standout threetiered plan framework and some valuable additional coverage options however we did dock a few points from allstate’s overall rating as it was the most expensive renters insurance option for tenants in georgia based on our research aside from price allstate is a great option for firsttime renters who are unfamiliar with what level of coverage might be best for them with each free quote requested allstate generates three premade policy options with proportionate coveragetodeductible ratios allstate also hosts a free online calculator tool for renters to quantify the total replacement cost of their personal property and then identify the amount of coverage they need unlike homeowners insurance your renters insurance policy doesn’t cover the structure of your home unit or building that’s covered by your landlord’s insurance instead renters insurance covers your personal belongings from a variety of perils and pays for injuries or damages you’re liable for along with personal property coverage renters insurance includes coverage for medical payments and additional living expenses which pays for costs you incur from being displaced from your home due to a covered loss standard renters coverage protects your belongings when they are damaged or destroyed by the following perils flood insurance and earthquake coverage are generally not included in standard coverage but may be available for an additional premium there are many factors that go into renters insurance premium pricing a few major considerations include the location of your rental your personal credit score and the policy selections you make the location of the rental property being covered by your policy holds weight in how much you’ll pay per month largely based on local crime rates and weather hazards for example a rental home in sea island will naturally incur a higher premium due to an increased risk of hurricanes because of its proximity to the coast likewise properties in georgia districts with higher levels of reported crime will be more expensive to insure as they present a statistically increased risk for burglary or larceny regardless of your state most renters insurance carriers will refer to your credit score when calculating your premium research shows that policyholders with lower credit scores are typically more likely to file insurance claims compared to those with higher credit scores for that reason insurers charge renters with poor credit histories more for coverage to compensate for their increased likelihood of filing on the flip side renters with a strong credit history tend to pay less for coverage your deductible is the outofpocket amount you’ll have to pay when filing your first claim for a covered loss specific to renter insurance most deductible options range anywhere from 500 to 5000 the higher the deductible you select the less your premium will be and vice versa how much renters insurance should you get the amount of coverage you should get depends on the value of your personal property and your tolerance for risk to determine an appropriate personal property coverage limit complete an inventory and estimate the amount of money you would need to completely replace all of your possessions a typical policy’s personal liability protection limit is 100000 but you can purchase more if needed then choose a deductible that works for you a lower deductible will result in a higher renters insurance premium but lower outofpocket expenses when you file a claim renters insurance protects college students in the same way as anyone else it protects their possessions from damage or loss pays legal costs and medical expenses when an uninsured person is injured in the rental and pays for additional expenses associated with the loss of use of the rental yes for most tenants renters insurance is worth it even if it is not required by your landlord renters insurance is an affordable way to protect your belongings from damage and yourself from liability costs should something unfortunate happen in your home many providers even offer renters insurance discounts to reduce the cost of coverage through indepth research of the industry we determined the following factors and weights to rate each company by we used these rating factors to determine the best renters insurance companies to help with your decision when looking at policies we routinely monitor and update data on a regular basis to ensure the reviews reflect the most uptodate information and advice mike miller is a writer with a decade of experience producing product and service content to help consumers make informed purchasing decisions mike has a bachelor’s degree in creative advertising in his spare time mike enjoys riding and fixing motorcycles reading a good book and spending time with his wife and two cats sabrina lopez is an editor with over six years of experience writing and editing digital content with a particular focus on home services home products and personal finance when she is not working on articles to help consumers make informed decisions sabrina enjoys creative writing and spending time with her family and their two parrots