Renters Insurance Georgia

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In 2013, the average estimated cost of renters insurance in Georgia was $225 a year. Compared to that the average homeowners insurance is $900 a year in Georgia, thus renters insurance is cheaper than most people realize.

Comparing Renters and Owners Insurance in 2013 in Georgia

The landlord's policy is not going to cover renter's damages like burglary of renters possessions. There were 86789 burglaries are reported in Georgia in 2012. So, to make sure you're protected from these events like fire, burglary or other disaster, you may need renters insurance.

Renters Insurance Coverage Types:

Actual cash value policy:
The Actual cash value policy covers the depreciated value of loss. An example of this is – a $5930 LCD TV might be worth only $2970 in six months and that is the amount the insurance pays for.

Replacement Coverage Policy in Georgia:

Estimated Renters Insurance for Different House Types in Georgia

House Type Median Rent Estimated Renters Insurance
Single Fam $1,050 $231
Condo $1,080 $237
Duplex $980 $215
One Bed $900 $198
Two Bed $850 $187
Three Bed $1,000 $220
Four Bed $1,300 $286
Many Bed $1,550 $341

Deductibles in Georgia:

In Georgia, by choosing a $500 deductible over a $250 deductible, an average of $24.75 can be saved on the insurance premium.