Everything You Need to Know

Table of Contents:

  • Georgia Auto Insurance Costs by Insurer
  • Georgia Auto Insurance Premiums by Driver Age
  • Georgia Car Insurance Premiums by Gender and Marital Status
  • Average Georgia Insurance Rates After a Violation or Accident
  • Georgia Auto Insurance Premiums by Credit Tier
  • Expensive Georgia Cities
  • Cheaper Georgia Cities
  • List of Insurance Companies in Georgia
  • No-Fault Insurance in Georgia

    This guide provides detailed information about the average car insurance cost in Georgia. Whether you are a new state resident, a new driver, or shopping for a new vehicle, here’s what you should know about purchasing an auto policy in the state.

    Georgia Auto Insurance Costs by Insurer

    Data from ValuePenguin indicate that drivers pay the lowest rates for full coverage with Georgia Farm Bureau, with an average annual premium cost of $1318. State Farm is your best bet for a minimum coverage policy; you’ll pay an average of $887 per year according to the website.

    Comparing quotes from local and regional insurance companies such as Alfa Insurance and Erie Insurance with those from large U.S. companies such as GEICO and Nationwide can help you find the best available rates.

    Georgia Auto Insurance Premiums by Driver Age

    The Zebra lists these annual average auto insurance premium costs by driver age in Georgia:

    • Age 16: $6276.89
    • Age 17: $5250.77
    • Age 18: $4265.53
    • Age 19: $3443.10
    • 20s: $1902.64
    • 30s: $1348.66
    • 40s: $1283.33
    • 50s: $1184.47
    • 60s: $1226.11
    • 70s: $1531.37

      Georgia Car Insurance Premiums by Gender and Marital Status

      The Zebra says gender has only a small impact on Georgia auto insurance premiums. Women pay an average of $1324.70 per year while men pay an average of $1369.06.

      Married drivers also pay lower rates than single drivers do in Georgia. The website lists these average rates for Georgia auto insurance policies by marital status:

      • $1369.06 per year for single or divorced drivers.
      • $1251.96 per year for married drivers.
      • $1316.31 per year for widowed drivers.

        Average Georgia Insurance Rates After a Violation or Accident

        WalletHub reports that high-risk drivers in Georgia pay an average of $1988 per year for auto insurance. That’s about 50 percent higher than the average paid by motorists with clean driving records. The website recommends seeking quotes from companies who specialize in high-risk auto insurance, such as Dairyland, Esurance, or Serenity Insurance.

        The type of violation or accident will affect how much your policy increases. For example, speeding results in an increase of about 17 percent, driving under the influence results in an average 47 percent increase, and two accidents can increase your policy cost by as much as 119 percent. Simply filing a collision claim can raise your annual premium by about $914.

        Georgia Auto Insurance Premiums by Credit Tier

        According to The Zebra, you can save up to $1236 per year with an excellent credit score compared to the average rates available for drivers with poor credit. The Zebra breaks out the state average annual premiums by credit as follows:

        • 800 to 850 credit score (exceptional): $1225.29
        • 740 to 799 credit score (very good): $1419.74
        • 739 to 670 credit score (good): $1702.95
        • 580 to 699 credit score (fair): $2029.18
        • 300 to 570 credit score (very poor): $2457

          Expensive Georgia Cities

          WalletHub notes that you’ll spend about $1300 more for auto insurance in the most expensive zip codes than you will in the areas with the least expensive auto insurance. According to a study published by the Atlanta Journal-Constitution, drivers who live in Atlanta, Decatur, Duluth, Lithonia, and Stone Mountain pay the most for auto insurance.

          Cheaper Georgia Cities

          Based on the report in the Atlanta Journal-Constitution, you’ll pay among the lowest auto insurance rates in the state if you live in Albany, Athens, Gainesville, Newnan, or Valdosta.

          List of Insurance Companies in Georgia

          According to ValuePenguin, some of the largest car insurance companies offering policies in Georgia include Farmers Insurance, Georgia Farm Bureau, Travelers Insurance, Auto-Owners, Liberty Mutual, USAA, Allstate, GEICO, Progressive, and State Farm.

          No-Fault Insurance in Georgia

          Georgia requires drivers to have minimum liability insurance. This type of auto policy pays for injuries and damage to others if you cause an accident. According to WalletHub, you must purchase at least:

          • $25,000 in property damage liability per accident.
          • $25,000 in bodily injury liability per person.
          • $50,000 in bodily injury liability per accident.

            Georgia law requires insurers to offer customers at least $25,000 in coverage for property damage and at least $25,000 in injury per person and $50,000 per accident in uninsured motorist coverage. If you do not want these additional policies, you must opt out in writing when you purchase auto insurance.

            You can also purchase optional auto insurance coverage to increase your level of protection. Drivers who have auto loans or lease their vehicles usually must have collision and comprehensive insurance. Comprehensive policies cover noncollision losses such as theft, natural disasters, and vandalism that damages your vehicle. Collision coverage pays to repair your vehicle after an accident. Gap insurance covers the remainder of your auto loan if you total your car before you pay it off.

            You can reduce your insurance rates in Georgia by choosing a safe, reliable vehicle. Luxury cars, sports cars, and other expensive options cost more to insure because they cost more to repair.

            If you receive a ticket for driving without insurance, Georgia penalties include license suspension, fines starting at $200, and even potential criminal prosecution. You can also receive penalties for allowing your insurance to lapse. Your insurance company will inform the state Department of Driver Services, and the agency will give you 30 days to get a new policy. If you fail to do so during that time, you can receive a fine of up to $185 and will be subject to license suspension if you do not obtain insurance in the subsequent 30 days.

            According to Nerd Wallet, you may be able to access auto insurance coverage through the Georgia Automobile Insurance Plan if you cannot find affordable private insurance because of your risk level.

            Sources:

            https://wallethub.com/cheap-car-insurance/georgia

            https://www.nerdwallet.com/blog/insurance/cheapest-car-insurance-in-georgia-ga/

            https://www.valuepenguin.com/best-cheap-car-insurance-georgia

            https://www.thezebra.com/auto-insurance/georgia-car-insurance/ga-average-cost-of-auto-insurance/

            https://www.ajc.com/lifestyles/these-georgia-cities-have-the-highest-car-insurance-rates-study-shows/3tlJkYAxTSMt9f2Kb2TwYP/

            https://www.caranddriver.com/insurance/

            https://www.caranddriver.com/features/g27197524/best-sports-cars/

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