When you’re on the lookout for the best car insurance in Georgia, it’s vital to do two things: comparison shop and research.
The price of your car insurance quote is dependent on a variety of factors, such as your age and the car you drive. Another important element that influences your rate is where you live.
Understanding how this can impact the price of your car insurance so you can evaluate quotes from different companies might help you grab the best price possible for the coverage you need.
The information contained in this guide may help answer the question, “How much is car insurance in Georgia?”
It can also help you develop a deeper understanding of car insurance costs, what you can do to reduce your monthly payments, and how to avoid overpaying.
Average Cost Of Car Insurance In Georgia
According to the 2017 Auto Insurance Database Report by the National Association of Insurance Commissioners, the average cost of a car insurance premium in Georgia is $1,048.40.
This price has steadily risen over recent years from $912.49 in 2011.
Georgia’s insurance cost is on par with the national average but higher than the cost in surrounding states, except Florida, which has an average cost of $1,257.
|Countrywide Average Cost of Car Insurance||$1,009.38|
|Average Cost of Car Insurance in Georgia||$1,048.40|
|Average Cost of Car Insurance in Tennessee||$871.43|
|Average Cost of Car Insurance in North Carolina||$789.09|
|Average Cost of Car Insurance in South Carolina||$973.10|
|Average Cost of Car Insurance in Florida||$1,257.13|
|Average Cost of Car Insurance in Alabama||$868.48|
Factors Affecting The Cost Of Car Insurance In Georgia
Several factors can affect the cost of your car insurance in Georgia, such as traffic conditions, vehicle theft rates, and population density, especially if you live in an area that has notably high ratings in these categories.
Traffic Conditions In Georgia
The NAIC report states that the traffic density of Georgia is 874,838. This rate is calculated as the number of vehicle miles traveled per highway mile and is higher than the national average of 724,348.
The number of vehicle miles compared to registered vehicles in the state is 14,020, according to the NAIC, which is also slightly more than the national average of 12,010. The rate of fatal accidents in Georgia occurs at a rate of 0.15 per 1,000 registered vehicles, marginally above the national average of 0.13 per 1,000 registered vehicles.
These above-average rates could have an impact on your insurance premium.
Vehicle Theft Rates In Georgia
The FBI’s Crime in the United States report states that Georgia has a rate of 259.9 vehicle thefts per 100,000 residents.
The cars most likely to be stolen in Georgia, according to the Hot Wheels report by the National Insurance Crime Bureau, are 2004 Ford Pickups, 1997 Honda Accords, and 1994 Chevrolet Pickups.
Insurance providers sometimes charge higher rates to owners of these frequently stolen vehicles.
Population Density In Georgia
Georgia has a population density of 174 persons per square mile according to the NAIC report.
This figure is almost double the national average of 90 persons per square mile. As more people correlates to more drivers on roads and a greater potential for accidents, the price of your insurance premium may reflect this.
Disposable Income In Georgia
Georgia has a disposable personal income per capita of $34,558, this is lower than the countrywide average of $40,859, and this could affect the price of your premium.
Individuals within a lower income bracket may purchase less expensive vehicles resulting in lower insurance rates for comprehensive and collision coverage.
Companies With The Best Car Insurance In Georgia
Regardless of the car you drive, it might save you some serious cash if you shop around before committing to a particular provider. You should aim to get accurate quotes from at least three companies and spend some time reading customer reviews.
You may find yourself rewarded with better coverage or substantial discounts if you shop around.
Progressive Car Insurance
Progressive began selling car insurance back in 1937 and has grown to be one of the largest auto insurance providers in the United States.
Progressive insures over 18 million drivers and has a variety of coverage options available.
Liberty Mutual Insurance
Founded in 1912, Liberty Mutual offers a range of insurance types that are suitable for most drivers.
Liberty Mutual offers customers the chance to get rewarded for good driving behaviors by offering large discounts on its policies.
Esurance uses state-of-the-art technology to streamline the customer interaction process—from getting a quote to filing a claim.
Esurance claims to settle most vehicle damage claims in ten days or less.
In 1922, army officers met in Texas and founded the United Services Automobile Association to insure each other’s vehicles.
That tiny organization has grown to be a Fortune 500 company that serves millions of military personnel around the U.S.
The Allstate Corporation is the largest publicly held insurer in the United States, serving over 16 million households countrywide.
Allstate offers tailored insurance policies and combines technology with attentive customer services.
MetLife was founded on March 24, 1868, and the company went public in 2000. MetLife Auto & Home presently has over 2.7 million active policies.
MetLife offers discounts for good drivers and savings for every year you drive claim-free.
Many of its policies offer new car replacement, special parts replacement, and enhanced rental car damage coverage at no extra cost.
Travelers have been a leading figure in the insurance industry for over 160 years.
Travelers offers a variety of competitive policy options and packages to help customers get the right coverage at a price that’s right for them.
What Is Mandatory For Car Insurance In Georgia?
Like almost every other state, Georgia has laws that mandate the amount of insurance vehicle owners must carry in case they cause an accident on any of the state’s many roads and highways.
The minimum amounts for Georgia are as follows:
The mandatory insurance policy also requires you to carry proof of insurance in your car.
Driving without insurance in Georgia is a criminal offense, and you could find yourself being fined a fine up to $1,000 and spend up to a year in prison.
How To Reduce The Cost Of Your Car Insurance In Georgia
While it’s simply impossible to reduce your insurance costs down to nothing, there are many ways to potentially reduce the price of your premium and still get.
Let’s look at a few of these:
When getting a quote, have the following list of information on hand to help take advantage of all discount opportunities:
What Can Increase The Cost Of Your Car Insurance In Georgia
There are also elements that might hinder your pursuit of the cheapest car insurance available. Some of them, such as age, are not under your control and impossible to change. However, there are others that can be improved if you wish to save money on your premium.
Teenagers and the elderly (generally those aged over 70) can often find themselves paying more for insurance due to the risks associated with their age groups. However, taking a driver safety course may help these groups get a lower rate.
Lack of Vehicle Security
Most modern cars come fitted with immobilizers. If you drive an older vehicle, you may need to take additional steps to prevent theft rates from increasing your premium, such as keeping your car in a locked garage overnight or installing a steering wheel lock.
Your Vehicle Make and Model
The more expensive your car, the more it can cost an insurance provider to replace if anything should happen to it.
Faster cars also correspond to higher accident risks. Regardless of how safe you drive, your premium can be affected by these factors.
Also, the more desirable your car, the more likely it is that your insurer may consider you to have a greater risk of theft and increase the cost of your premium.
Before purchasing a vehicle, check out how the above factors can affect your insurance rates.
Finding the best car insurance in Georgia isn’t as challenging as you may first think. Now that you’ve read this guide, you should have a better idea of how to secure yourself the best deal out there.*While we make every effort to keep our site updated, please be aware that "timely" information on this page, such as quote estimates, or pertinent details about companies, may only be accurate as of its last edit day. Huntley Wealth & Insurance Services and its representatives do not give legal or tax advice. Please consult your own legal or tax adviser.