Does My Credit Affect My Car Insurance Rates in Georgia?

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Credit scores can affect your car insurance rates because they represent your ability to pay your premiums on time. Insurers see a low credit score as a risk factor. Most states will adjust their rates based on whether or not you have good credit. However, some states like Hawaii and California don’t consider credit scores when determining your rates.

In the table below you can see how a low credit score has a negative impact on your auto insurance rates in the state of Georgia. In this article, we will discuss how credit and other factors can affect your car insurance rates in Georgia.

Provider Poor credit Average credit Good credit Excellent credit
State average $3,143 $2,200 $1,982 $1,859
National average $3,873 $1,865 $1,674 $1,487

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How Much Are Car Insurance Rates for High-Risk Drivers in Georgia?

In Georgia, car crashes have become a leading cause of fatalities on the road. In fact, vehicle-based accidents are the second-leading cause of hospitalizations in the state. With the increasing number of fatalities and injuries attributed to crashes, insurance providers have started raising rates for high-risk drivers.

High-risk drivers could possibly lose their policy in the long run. Reckless driving can include being at fault in a car crash, getting a speeding ticket, or having a lapse in coverage. You may have even received a DUI conviction. After such incidents, it might become difficult for you to find an affordable automobile policy to protect you on the road.

Let’s plunge into the discussion to find out what car insurance rates are for high-risk drivers in Georgia.

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MercuryGO is Available for Georgia Drivers

Mercury Insurance recently announced that their drivers in Georgia can now use a usage-based insurance app called MercuryGO. The newly designed application incorporates plenty of tech-savvy features to help drivers improve their driving skills and overall safety on the road.

The app serves as a virtual driving coach and provides drivers with scores in the form of real-time feedback on how they drive.

The good news is you can get up to a 10 percent discount if you enroll for an auto insurance policy and use the app. As a MercuryGO user, you can get a 40 percent discount when you renew the policy. However, the discount amount depends on your driving score.

If you live in Georgia and have Mercury Insurance, here are the benefits of using MercuryGO.

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How Much Does It Cost to Drive in Georgia?

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The demand for used cars has increased tremendously over the past year. As a result, the cost of used vehicles have gone up 45 percent. That means if you’re a car buyer, you must keep in mind that vehicle ownership costs go beyond the listed price. However, this cost is not the same across the country. In fact, in many states, riders and motorists may have to spend thousands of dollars every year compared to others.

Let’s delve into the details to learn how much it costs to drive in Georgia.

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How a Hit-and-Run Can Affect Your Car Insurance Rates

Regardless of the state you live in, a hit-and-run is a serious matter. You might be charged with a crime or felony if a hit-and-run results in injury or death.  In states like Georgia, it’s a crime not to stop or return to provide your information, for instance. You might face the following penalties, depending on the severity of your infraction;

  • Property damage: Misdemeanor and a $300 to $1,000 fine per violation
  • Death: A felony charge including imprisonment of two to five years
  • Injury: A $300 to $1,000 fine and possible imprisonment for one year

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Why Are Auto Insurance Rates in Georgia Expensive?

If you live in Georgia, you’re probably aware that the state has significantly high rates for auto insurance. It’s because the state has accident-prone highways and routes with a considerably high percentage of car crashes.

Georgia insurance companies have the right to increase premiums without seeking approval from the insurance commissioner of the state. This is the reason auto insurance rates in Georgia are relatively higher than in other states.

You may have to pay around $1,660 annually for full insurance coverage or $690 for minimum coverage for your car in Georgia. The national average for full coverage is no more than $1,500 per year. As the insurance cost increases, the charges of premium insurance also go up.

Plus, insured drivers have to share rising insurance costs. This increases insurance rates whenever an insurer renews your policy, regardless of individual factors, such as location or driving record.

Here, we’ve listed some reasons explaining why auto insurance increases annually in Georgia.

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What Are The Penalties For Driving In Georgia Without Insurance?

As a driver you want to be aware of the motor vehicle laws and regulations across the country. Not doing so can leave you with hefty fines or even jail time. The state of Georgia places emphasis on the importance of car insurance, and doesn’t let motorists drive without it.

Let’s talk about the car insurance laws in Georgia and the penalties of not having the minimum coverage.

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There’s Certain Insurance Requirements To Follow if You Own a Motorcycle in Georgia

If you live in Georgia and own a motorcycle, you must have an insurance policy to operate as a rider. The city imposes regulations to help you face financial losses you may experience in the event of an accident or crash. Motorcycle insurance is the best way to get financial security in any crash-related injury.

In fact, this is a necessary legal investment one should never overlook. To establish your motorcycle insurance in Georgia, buying traditional insurance via a reliable auto insurance company is the most viable option. However, you need to know the components your motorcycle insurance covers in Georgia.

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A Speeding Ticket in Georgia Can Raise Your Car Insurance by 26%

What to do if you get a speeding ticket

According to the National Highway Traffic Safety, Georgia reported more than 9,378 fatalities in 2018 due to speeding. Note that speeding is typically a misdemeanor in the state of Georgia; however, there are strict rules and hefty fines involved for drivers who violate these rules.

Keep in mind that speeding tickets are something to be taken seriously as they impact your automobile insurance premium. That means if you get a ticket for speeding in Georgia, it will increase your car insurance cost by 26 percent on average.

Keep on reading to find out how speeding tickets impact your car insurance in Georgia.

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Does it cost more to insure a new car?

insure a new car

Buying a new car

If you are thinking about buying a new car, you might wonder if you have to worry about your car insurance rates. That new car might be very tempting and very shiny, but how much is it going to cost to insure? You’re already going to be paying a lot of money for the vehicle, after all, and you’re a bit apprehensive about what those insurance rates are going to look like. Does a new car cost more to insure? Well, insurance rates are complicated, but here are a few things that you can keep in mind.

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