Georgia recorded around 4,999 road accidents in 2020 alone. Most of these accidents occurred due to speeding, running red lights, and carelessness. Therefore, people rely on insurance to keep themselves financially safe. However, the rates can be quite high. On average, you’ll pay $756 for minimum coverage and $1,982 if you want full coverage. However, you don’t have to pay this much if you follow the right approach.
In this article, we’ll help you understand how car insurance in Georgia works and the smartest way to get an affordable policy.
Car Insurance in Georgia
The cost of car insurance varies from state to state. In fact, car insurance rates in Georgia are a bit higher than the national average. However, the insurance premium you pay depends on various factors.
For example, the factors listed below can affect your rate:
- Gender
- Location
- Vehicle type
- Driving history
- Age
- Discounts
- Deductibles
- Marital status
- Type of coverage
- Credit history
Car Insurance Companies in Georgia
The company that you choose for your insurance has a huge impact on what you pay. Different companies have various requirements and coverage options. Similarly, the cost of their services also varies. When shopping around, look for a company with good reviews, affordable premiums, and desirable coverage options.
We have compiled a list of some of the major insurance companies in Georgia:
- Progressive
- Travelers
- Nationwide
- Auto-Owners
- Allstate
- Safeco
- MetLife
- The Hartford
- Mercury
Premiums by Age
Similarly, the cost of premiums in Georgia will differ according to your age. The following table illustrates how your age can affect your auto insurance rates.
| Age | Average Annual Premium in Georgia |
| Age 16* | $3,007 |
| Age 17* | $2,736 |
| Age 22 | $3,385 |
| Age 25 | $2,561 |
| Age 30 | $2,211 |
| Age 35 | $2,158 |
| Age 40 | $2,092 |
*Note that the rate provided for the 16 and 17 year old’s is through the parent’s policy.
Premiums by Gender
Most states use gender as a major factor in determining car insurance costs. However, some states, including Hawaii, Michigan, North Carolina, Massachusetts, Pennsylvania, California, and Montana don’t consider gender when determining these costs. Usually, men pay more in premiums than females because men tend to be involved in more accidents.
However, things are different in Georgia, as the rates for male drivers are lower.
| Gender | Average Annual Premium for Full Coverage |
| Male drivers | $1,964 |
| Female drivers | $2,000 |
Conclusion
There are several factors to consider when picking the right car insurance policy for you. Make sure you take into consideration the above factors that can affect your premium.
Select the right policy for you after you’ve shopped around and compared quotes. Also, take your time when making your final decision. By doing so, you’ll have no problem getting an affordable car insurance policy.
Source
https://www.bankrate.com/insurance/car/average-cost-of-car-insurance-in-georgia/