How much is renters insurance in Atlanta, NY

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In Atlanta, NY, the average cost of renters insurance is $253 annually for $40,000 in personal property, $300,000 in liability and a $1,000 deductible. It is $40 less than the state average of $293 per year.

Renters insurance costs may differ depending on the coverage you opt for and the amount of liability coverage included in your policy. If you’re living in a rental property, it’s worth considering this type of insurance to protect your belongings from damages caused by fire, smoke, theft, vandalism and other covered events.

We conducted an in-depth analysis of insurance companies to find the most affordable insurers for renters in Atlanta. Continue reading to know the cheapest renters insurance companies in Atlanta.

Key Takeaways

Renters insurance in Atlanta costs an average of $253 per year or $21 monthly.
State Farm offers the cheapest renters in Atlanta, with a monthly premium of $10.
Renters can save more on insurance by taking advantage of discounts, including those for having a security system or bundling policies.

What is the average cost of renters insurance per month in Atlanta?

On average, renters in Atlanta pay $21 per month for renters insurance, which is $3 less than the state average of $24. The policy includes $40,000 in personal property, $300,000 in liability protection and a $1,000 deductible.

The cost of renters insurance in Atlanta varies depending on your carrier and the coverage limit you select. Renters in Atlanta typically pay $17 monthly for $20,000 in personal property coverage and a $1,000 deductible. If you decide to increase your coverage to $40,000, you’ll see an increase of $4 more in your monthly premium.

You’ll need to decide on the coverage that best fits your needs and budget. However, choosing higher coverage limits is a good idea if you own valuable items like jewelry, electronics, or furniture.

How much is renters insurance in Atlanta by deductible?

Renters insurance in Atlanta costs an average of $215 per year for a $500 deductible and $20,000 in personal property coverage.

The deductible is the amount you pay before your insurance coverage applies. By increasing your deductible, you can lower your insurance premium. For instance, raising your deductible from $500 to $1,000 will save you $9 annually.

The table below shows renters insurance premiums for varying personal property coverage and deductible amounts.

Deductible	$20000 personal property	$40000 personal property	$60000 personal property
$500	$215	$267	$326
$1,000	$206	$253	$308

Read our guide to know what does renters insurance cover.

Who offers cheap renters insurance in Atlanta?

Your quest for the cheapest renters insurance ends here.

State Farm provides the cheapest rates in Atlanta, with an annual premium of $125 or $10 per month. Travelers is the second cheapest company, followed by Allstate.

Insure.com’s experts have compared renters insurance quotes from all the national and regional carriers in Atlanta to create a list of the most affordable insurers. Below is a list of the cheapest renters insurance companies and their average annual and monthly rates.

Renter insurance provider	Average annual rate	Average per month rate
State Farm	$125	$10
Travelers	$134	$11
Allstate	$169	$14
NYCM Insurance	$171	$14
American Family	$181	$15
Nationwide	$205	$17
Farmers	$263	$22
Chubb Ltd	$284	$24
AIG	$1,039	$87
USAA	$222	$19

Tips for reducing renters insurance cost

Here are some tips to help reduce renters insurance costs in Atlanta:

Bundle insurance policies: If you have other insurance policies, such as car insurance, consider bundling them with the same insurer. Many insurers offer discounts for bundling in Atlanta.

Increase deductible: Opting for a higher deductible can lower your premium in Atlanta, but make sure you’re comfortable with the amount you’d pay out-of-pocket in case of a claim.

Choose the right coverage: Review your policy regularly to ensure you don’t have extra coverage. For example, you might not need as much coverage for personal property if you don’t own many valuables.

Avoid small claims: Filing too many small claims can increase your rates over time. Consider paying for minor damages out-of-pocket instead of claiming them through insurance.

Shop around: Don’t settle for the first quote you receive. Compare renters insurance quotes in Atlanta from multiple providers to find the best price for the coverage you need.

Final thoughts

Renters insurance in Atlanta, NY, offers valuable protection for renters at an affordable price. While premiums can vary depending on location, coverage amount and individual circumstances, the peace of mind it provides is worth the investment. By understanding your coverage needs, comparing quotes and taking advantage of discounts, you can find an affordable policy that suits your budget.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for renters insurance rates in Atlanta for $40,000 personal property coverage, $300,000 liability coverage, and a $1000 deductible. The data presented are those with a good credit tier alignment.

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Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.