A recent study indicates that the average cost of car insurance in Georgia is $642 a year for minimum coverage and $2,010 a year for full coverage. Drivers in Georgia pay more than the national average by a few hundred dollars. However, that doesn’t necessarily mean you have to pay extra for a car insurance policy in Georgia.
Let’s discuss the factors that affect your car insurance rates and some helpful money-saving tips.
Why Are Car Insurance Rates Higher in Georgia?
The average price automobile owners pay for their car insurance varies from state to state. This is because each state takes into consideration different factors.
For instance, insurance carriers in the state of Georgia take into account the following information:
- Zipcode
- Type of vehicle
- Marital status
- Driving history (visit Georgia road rules for more information)
- Limit and deductible
- Gender
- Age
- Credit score
- Coverage
- Discounts
Ultimately, the reason car insurance rates are higher than average in Georgia is due to its busy roadways, high healthcare costs, uninsured drivers, and severe weather risks.
Georgia Car Insurance Rates by Company
The cost of car insurance varies across the board. A big factor that determines your rates is the carrier you’re insured with. This is because each insurance carrier has a different way they calculate risk. For instance, if one carrier experiences a high number of claims from Toyota Corolla owners in a certain area then other drivers of the same vehicle in the same area may be quoted a higher rate.
The insurance industry is vast, and you’ll find that different carriers have different premiums. So, if you’re on the hunt for low rates we suggest shopping around and comparing quotes.
The following are the best car insurance companies in the state of Georgia:
- Auto-Owners
- State Farm
- Geico
- Nationwide
- Country Financial
- USAA
- Georgia Farm Bureau
It’s important to note, when shopping around you don’t want to go with the cheapest policy you can find. As they say, cheap isn’t always better! Therefore, you want to ensure that your policy contains adequate coverage that meets your needs. The last thing you want is having to cover the repair bills yourself since you’re underinsured!
Georgia Car Insurance Rates by Age
As I’m sure you know, younger drivers and older drivers pose a higher risk for car insurance companies. This is because younger drivers are less experienced and prone to accidents. Seniors experience more accidents due to age-related changes like slower reflexes, medications, hearing loss, and so on.
Here’s a comprehensive breakdown of how age plays a role in your car insurance costs in Georgia:
| AGE | AVERAGE ANNUAL PREMIUM IN GEORGIA |
| 17 | $2,155 |
| 22 | $3,200 |
| 25 | $2,500 |
| 30 | $2,120 |
| 35 | $2,050 |
| 40 | $2,000 |
Note: The premium listed for the teen driver is the cost to add them to their parent’s policy, not the total cost.
Bottom Line
Getting a car insurance policy in Georgia can be pretty expensive unless you’re taking proactive measures to keep your premium down. For a competitive auto insurance quote, contact Atlanta Insurance today by giving us a call or filling out our online quote form. You’re one step away from great savings!
