Facts about Renters Insurance in Georgia. The average cost of a renters insurance policy in Georgia works out to only $218 per year. Georgia Renters insurance is a must for people renting an apartment home, townhome, condo or living on a college campus.o need to worry because you can find affordable renters insurance quotes on the web. The average cost for an Georgia renters quote is $218 which works out to be $18 per month. This is a small cost of purchase renters insurance for your home or apartment in Georgia.