How Much Does Car Insurance Cost In Georgia
Average car insurance cost in Georgia is $1,472 per year, which is 6.1% less than the national average car insurance rate of $1,567.
On a monthly basis, car insurance in Georgia averages $123 for full coverage, but cost can vary widely depending on both the vehicle being insured and where you live in Georgia.
For example, the monthly cost to insure a Mazda 6 in Georgia is $122. In comparison, the average monthly cost to insure a Tesla Model 3 in Georgia averages $129, a difference of nearly $25 per month or $300 per year.
And if we look at average car insurance rates for high-end luxury models, the monthly cost of insurance can jump up to as much as $233 per month for a Mercedes-Benz G63 AMG or even $242 per month for a BMW M760i.
The chart below shows Georgia car insurance rates averaged across all 2022 models and all Georgia Zip Codes. Rates assume a 40-year-old driver with no at-fault accidents or traffic violations.
| $1,522 | $127 |
Georgia auto insurance rates range from $1,112 per year for a 60-year-old driver with $1,000 deductibles to $3,388 per year for a 20-year-old driver with $250 policy deductibles in the data shown above. The same data converted to monthly rates ranges from $93 to $282.
The Most Affordable Rates For Married Georgians
Did you know that being married can also help you save on your car insurance? Not only do you get to spend more time with your favorite person, but you save more money too! These savings happen because youre more likely to have multiple vehicles under one policy and married drivers are statistically less likely to engage in unsafe driving behaviors.
Heres a list of the cheapest auto insurance companies in Georgia for married drivers.
| Insurance Company | |
|---|---|
| Safeco | $168 |
Once youve tied the knot, let your insurance company know and ask for an updated quote. You can also take this time to go auto insurance shopping as a new couple. While youre searching, here are the most affordable rates for married couples in Georgia.
Mile Auto offers the most affordable auto insurance rates at $84/mo. Gainsco , Clearcover , Assurance America , Infinity and Liberty Mutual offer similar rates.
Then you see rates jump with AnswerFinancial to $128/mo. Rates continue to increase significantly with Good2Go at $148/mo and Safeco at $168/mo.
While married couples will generally see a decrease in cost, this isnt the case for everyone. If your spouse has a spotty record, you might want to hold off on joining forces. It could be cheaper to have separate policies.
Mile Auto offers the most affordable auto insurance rates at $84/mo. Gainsco , Clearcover , Assurance America , Infinity and Liberty Mutual offer similar rates.
Affordable Auto Insurance Quotes In Georgia
The key to saving on car insurance in Georgia is comparing rates from different providers. That may sound like a lot of work, but paying less for car insurance doesnt have to be a hassle. Southern Harvest is here to help you get affordable car insurance in Georgia.
Dont look any longer for cheap car insurance in Georgia. Youve come to the right place, and Southern Harvest is ready to find the perfect policy for you while you save. All without the hassle of looking at several different websites or making more than one single call.
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How Age Impacts Your Auto Insurance Premiums
While there isnât any specific rule, many auto insurers tend to agree that the older you are , the less likely you are to have an accident and pose a financial risk to the insurance company.
For example, a 30-year-old with a family is likely, based on data, to be a more responsible driver than an 18-year-old newer driver. Additionally, younger drivers in Georgia have had less time to build up a good driving record, and they have less experience behind the wheel.
Because of this, premiums tend to decrease as you get older, until you reach a certain age where they start to go up again. Typically, premiums begin to slowly decrease in cost beginning at around 26 years old. They then start to go up again once you reach 60.
Cheap Auto Insurance In Georgia For 2022
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Auto insurance is an important purchase, but finding cheap car insurance in Georgia isnt always easy. Thats why its important to compare rates from multiple insurers.
The average cost of full coverage car insurance in Georgia is $1,715 per year, or about $143 per month, according to NerdWallets analysis. Minimum coverage in Georgia is $719 per year on average, but we found you can likely get a cheaper policy. For example, Auto-Owners offers the cheapest rates in Georgia at $301 per year, on average, for minimum coverage car insurance for a 35-year-old driver with a clean driving record.
See what you could save on car insurance
Easily compare personalized rates to see how much switching car insurance could save you.
Live in Hot ‘Lanta? Check out the NerdWallet guide to cheap car insurance in Atlanta.
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Does Georgia Require Car Insurance
Georgia law mandates car insurance. Minimum car insurance requirements in the state include:
$25,000 per person and $50,000 per accident for bodily injury liability coverage
$25,000 per accident for property damage liability coverage
$25,000 per person and $50,000 per accident for uninsured motorist bodily injury coverage
$25,000 per accident for uninsured motorist property damage coverage
Bodily injury and property damage liability cover costs like medical bills and vehicle repairs for other parties involved in an accident you cause. Underinsured/uninsured motorist coverage protects you if a person without adequate coverage causes an accident with you. Personal injury protection coverage is not required in the state.
How To Compare Cheap Georgia Car Insurance Quotes Online
Leading insurance firms in Georgia offer a convenient online quote tool to help drivers easily get accurate quotes.
- When comparing quotes, use consistent limits that meet your needs. For example, if you get a quote from a carrier for $300,000 in bodily liability insurance per accident, you should use the same limit while comparing rates with other insurers.
- If youre only after estimates for car insurance in your area, you can simply enter your ZIP code into MoneyGeeks car insurance calculator. However, a personalized quote may require you to provide more detailed information about yourself.
- In Georgia, the three cheapest companies for liability coverage are USAA, GEICO and State Farm. You can begin your research by getting rates from these providers.
Auto Insurance Calculator
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What Company Offers The Cheapest Car Insurance In Georgia
GEICO is the least expensive widely-available car insurance company in Georgia, with annual plans starting at an average of $666. However, the cheapest policy for you depends on a number of variables. For example, State Farm is the cheapest company for Georgia drivers who have received a DUI, whereas Allstate offers the cheapest policy for young drivers. Plus, USAA is the cheapest option for military families.
Your coverage level also determines the cost of your auto insurance policy. As an example, the average annual cost of minimum coverage car insurance in Georgia is $902, while a full coverage policy costs approximately $1,512.
Required Coverages In Georgia
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Liability insurance covers bodily injury and property damage claims resulting from an accident that is primarily your fault. The limits in your policy are the maximum amounts your insurance company will pay for bodily injury and property damage claims.
Our insurance follows Georgia law requirements, which are to maintain liability limits* of at least:
*Liability limits are typically expressed as three amounts separated by slashes written as 25/50/25 or 25,000/50,000/25,000.
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How Much Coverage Do You Need
Figuring out how much coverage you need can get complicated fast because there are many factors to consider, like the type of car you drive, your driving history, age, etc. First of all, you should at least get covered for the states minimum requirements . However, the minimum insurance may not be enough for your needs, so consider complementing your policy with comprehensive and collision coverage.
What Is The Average Car Insurance Cost In Georgia
The average cost of car insurance in Georgia is around $1,388 per year. So, in general, car insurance is less expensive in Georgia than in other states. However, remember that rates can vary a lot between cities and even zip codes. Thats why its essential to compare rates between providers.
Luckily, Southern Harvest is here to make things super easy for you. We help you compare, find and buy the right car insurance policy at the lowest possible price for you. Start your quote from anywhere online or over the phone.
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Cheapest Car Insurance In Georgia By City
The cost of your car insurance may vary depending on where you live in the state. According to MoneyGeeks analysis, Athens has the most affordable full coverage car insurance at $1,173 per year. In comparison, drivers in Atlanta tend to pay the most for car insurance, with an average cost of $1,638 per year for a similar policy.
If you want to read up on the specifics of car insurance in your city, you can do so by clicking it.
AVERAGE INSURANCE RATE BY CITY IN GEORGIA
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Average Car Insurance Cost In Georgia
Car insurance in Georgia is relatively expensive, with an average full coverage premium that is more than $300 higher per year compared to the annual national average cost of car insurance. While the national average cost of full coverage car insurance is $1,771 per year, Georgia residents pay $2,009 per year for the same coverage. Minimum coverage is similarly more expensive, at $642 annually for Georgia residents and $545 per year, on average, in the U.S.
While Georgia’s average premiums may be more than the national average, it falls in the middle of the pack compared to nearby states. For instance, Georgia’s average full coverage premium is 37 percent higher than South Carolina’s average of $1,464 per year. On the other hand, car insurance in Florida is much more expensive than in Georgia. Florida’s average full coverage premium sits at $2,762 per year, making it 37 percent higher than Georgia’s.
| Average annual premium for minimum coverage in Georgia | Average annual premium for full coverage in Georgia |
|---|---|
| $642 |
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Cheapest Minimum Coverage Car Insurance In Georgia For 30
Drivers in Georgia who want their state’s minimum coverage can check with the following companies, which had the lowest average rates:
Auto-Owners: $309 per year, or about $26 per month.
Geico: $478 per year, or about $40 per month.
State Farm: $598 per year, or about $50 per month.
Encompass: $600 per year, or about $50 per month.
Allstate: $675 per year, or about $56 per month.
Car Insurance Price Trends In Georgia
The average auto insurance cost in Georgia actually decreased over the last year, by $4. This means a typical driver in Georgia pays $1,535 per year in car insurance.
Overall, prices in Georgia are more volatile than across the country. After the biggest one-year increase from 2011 to 2012, Georgia car insurance rates decreased from 2012 to 2013. In recent years, though, rates have stabilized.
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Is Uninsured Motorist Coverage Required In Georgia
Georgia requires insurers to offer uninsured motorist bodily injury and uninsured motorist property damage coverage with the following minimum limits:
- UMBI: $25,000 per person, $50,000 per accident
- UMPD: $25,000 with a $250, $500, or $1,000 deductible
Note: You can reject these coverages. UMBI covers medical expenses for you and your passengers if a driver hits you without insurance. UMPD pays for damage caused to your vehicle by an uninsured driver. As with liability coverage, consider higher insurance limits for these coverages to protect your family’s financial well-being better. Learn more about uninsured motorist coverage.
Ready to make the switch? Drivers nationwide who switch and save with Progressive save nearly $700 on average.*Get an auto insurance quote today.
Cheapest Companies In Georgia
The table below shows the cheapest insurance companies in Georgia. And while cheaper doesnt always necessarily mean better, this information is helpful to know when deciding on buying car insurance.
| Company |
|---|
As you can see, Liberty Mutuals and Geicos prices are affected very differently by the same number of commuting miles. Its also interesting to note that Liberty Mutual is the same cost for a commute that is twice as long as their 10-mile, 6,000-annual mileage.
Take a look at these 6 major factors affecting auto insurance rates in Georgia.
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Car Insurance Discounts In Georgia
Although Georgias auto insurance prices are higher than the national average, you still have ways to potentially lower your premium and effectively find the cheapest car insurance in Georgia. If youre wondering how to lower your car insurance, discounts are one of the easiest ways to save. Most major insurance companies offer at least a few discounts. Some of the best car insurance discounts in Georgia are:
Discounts may be one of the easiest ways to save on your auto insurance. Each company offers a different suite of discounts, so researching savings opportunities online or talking to a representative from your current company may help you to identify ways to save.
Proof Of Auto Insurance In Georgia
Every driver in Georgia, like most states, is required to have a specified amount of car insurance coverage. This is for your safety and the safety of the other drivers with whom you share the road.
In Georgia, having proof of insurance is required, and it must be provided at the request of any law enforcement authority. Your lienholder may request physical damage insurance in addition to liability coverage if you are currently financing your car.
Driving a car without insurance is a misdemeanour in Georgia, and it carries the following penalties:
- Non-insured drivers in Georgia face penalties.
- Up to one year in prison and a fee of $25
- For a period of 60 to 90 days, your license will be suspended.
- Vehicle impoundment is a possibility.
You might expect license reinstatement fees as well as a fee for letting your auto insurance lapse. Accidents that cause major harm or death can result in felony charges, resulting in incarceration or fines.
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Georgia Car Insurance Rates By Vehicle Type
One other aspect to consider when shopping for an auto insurer is how your vehicles make and model affects your car insurance rates. Car insurance rates vary by vehicle make and model since different types of cars have different crash statistics, price of parts, price of labor and safety features. Cars that cost more to repair, such as foreign vehicles with imported parts, will generally come with higher car insurance premiums. If a car has higher crash statistics, an insurance company may find you more likely to be involved in a car accident and may increase your rates. Meanwhile, if your car comes equipped with certain safety features, your car insurance provider may lower your rates.
Here are a few examples to help you estimate your car insurance rates by make and model, or compare how rates vary by type.
| Vehicle |
|---|
Premiums As A Percentage Of Income
Car Insurance is a necessary part of driving, so people are willing to spend their hard-earned money on it. If one looks at the trends from 2012 to 2014, they will see Georgians are spending a bit more on their car insurance as time goes by. In 2012, people who had a disposable income of $33,167 spent around $922.05 on full coverage car insurance, or 2.78 percent of their income.
In 2013, the number that Georgians spent grew a bit. In 2013, Georgians who had a disposable income of $33,100 spent $949.33 on full coverage car insurance, or 2.87 percent of that income. And then in 2014, the percentage remained the same, with Georgians spending $991.25 of their $34,558 disposable income on full coverage car insurance.
The lowest amount spent in this three-year span was 2.78 percent of a Georgians disposable income in 2012, and 2013 and 2014 are tied for the highest with a slightly larger 2.87 percent. If you look at the surrounding states, you can see Georgias full coverage car insurance spending in 2014 is higher than South Carolinas and Alabamas , and lower than Floridas .
If you compare Georgias spending on full coverage car insurance to the national average, you can see that Georgia is 0.5 percent higher than the national average of 2.37 percent.
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