Best Renters Insurance in Atlanta

Atlanta is by far Georgia’s most populous city and one of the largest economic hubs in the southeast. Over 6 million people live in the Atlanta metropolitan area, and many are renters. 

The city’s varied weather conditions and possible crime make renters insurance in Atlanta necessary. Rent has soared in the city in the past few years, meaning you likely want to spend as little as possible elsewhere.

But, the right renters insurance can provide hundreds of thousands in financial relief for under $30 per month. This guide breaks down how you can find the best renters insurance in Atlanta.

The average renters insurance in Atlanta is about $27 per month, which equals $324 annually. Rates from select companies ranged from $11 to $48 per month. Coverage costs in Atlanta are higher than in many other cities in the state due to high crime rates and varied weather.

Atlanta is a huge city. It’s difficult to give one number to represent the Average renters insurance in the Atlanta area, as your rate will vary in the town depending on where you are. We break down the most critical factors that affect rates later.

Nevertheless, knowing what providers are charging in the Atlanta area is useful. Look below at average renters insurance rates in Atlanta from some of the largest companies.

 We noticed that certain areas in Atlanta tend to have higher premiums than others. For instance, rates in west and downtown Atlanta tended to be higher. Property values are higher here, and renters could have more belongings.

According to our findings, USAA and State Farm offer cheap renters insurance in Atlanta. Rates from some of the top carriers varied quite a bit. USAA had the cheapest renters insurance in Atlanta in our table at $11 monthly, while Allstate was the most costly at $48 per month.

There are many more insurers in the Atlanta area from which you can find coverage. But, you’ll notice that rates vary considerably from this small sample size. You must get quotes from a few companies to know you’re getting the best deal.

Note that your exact premium may differ from the averages mentioned above. Companies may be cheaper in some areas than others depending on the market and their business situation at a given time. For instance, a carrier may raise rates if they’ve recently experienced a lot of claims. You need to shop around to find cheap renters insurance in Atlanta. 

Renters insurance covers several aspects of your life in several different ways. Beyond financially protecting your belongings, renters insurance can help in case of a lawsuit and provide funds if your rental gets destroyed and you’re forced to move out.

The exact coverages outlined in your renters insurance look like this:

Keep both your budget and coverage needs top of mind when looking at coverage options. Then, compare quotes from several companies to find the best renters insurance in Atlanta for your situation. The best choice for you won’t necessarily be the best for someone else.

You should adjust your policy limits to fit your needs. The higher your limits, the more your insurance costs. To avoid overpaying for unneeded personal property coverage, you should create a home inventory. 

In a home inventory, you’ll list all items you own and what you paid for them. You should also take pictures of important things. The final cost of your belongings is the amount of personal property coverage you should get.

You can also raise or lower your liability limits as you see fit. You’re typically required to have at least $100,000 of liability coverage. Most insurers will recommend more, though, since the cost of covering possible medical bills and legal fees can climb very fast.

You’re probably better off opting for higher limits to be on the safe side, especially if you have a dog Renters insurance covers dog bites, and dog attack claims are more common and costly than you might think. You could be on the hook for tens of thousands if you’re found liable and your policy comes up short.

You should also be mindful of actual cash value and replacement cost coverage in your policy. These relate to how your insurer reimburses you after damage. If you have actual cash value coverage, your carrier will reimburse you what you paid for damaged items minus depreciation. This lowers all your payouts, and you’ll never recover what you paid for an item.

Replacement cost coverage, on the other hand, enables your insurer to give you roughly what you paid for an item. This is the better choice but is also more expensive than actual cash value. The best renters insurance in Atlanta will ideally have replacement cost coverage if your budget allows it.

The average renters insurance in Atlanta costs roughly $27 per month. Insurance companies look at several variables to determine renters insurance premiums. They must establish competitive rates while being profitable for the company. Otherwise, they wouldn’t survive. 

The risk level of your home determines your rates. Some of the most critical factors insurers look at to determine your risk include your location, claims history, and policy details.

Risks vary depending on where you are. Living in a flood-prone or theft-prone area will raise rates. It’s likely safe to say that rates in Atlanta are relatively high compared to the rest of the state due to theft claims. Alternatively, living near a fire station can lower your premiums.

Certain features of your rental will raise rates, also. Things that make your home more dangerous will raise rates, and things that make it safer can lower them. Having a pool or trampoline can make you a greater risk for liability claims, thus raising your premiums. On the other hand, carriers often give discounts to renters with burglar alarms. 

Companies will ask you if you’ve filed insurance claims in the recent past. Someone who files many claims is a red flag to insurance companies – that person is more likely to cost the company money than someone who has never filed. As a result, carriers can raise your premiums to offset your financial risk.

We mentioned that having higher limits raises your premiums. Opting for additional coverage through endorsements will also increase rates. And, having a low deductible can keep premiums high, and vice versa. Raising your deductible can lower your monthly payments.

No, renters insurance isn’t required by law in Atlanta. But, some landlords require tenants to get and keep renters insurance as part of their lease agreements.

It’s becoming more common for landlords and property management companies to ask tenants to maintain renters insurance in leases. This further limits the liability of landlords and other tenants that may be in the building.

Sometimes, a landlord will ask to be an additional interest in your plan. This means your carrier will notify your landlord if you cancel or change your policy. Additional interest status doesn’t give your landlord any protection under your policy. It just allows them to stay in the loop on your coverage to ensure you don’t drop it and violate your lease. 

Getting renters insurance quotes in Atlanta is easy with Clovered. Our online quoting platform lets you compare quotes from some of the top renters insurance companies around Atlanta.

You can also give us a call at 833-255-4117 during business hours to chat with a licensed agent about your quote. Reach us by email, too, at [email protected].

As an independent insurance agency headquartered in the southeast, we’re very familiar with the needs of Atlanta renters. We’d love to help you with your renters insurance quote in Atlanta today.