Car insurance rates have been on the rise nationwide, and this has also held true for the state of Georgia. Because of a rising population and relatively low gas prices, there are more drivers than ever in metro-Atlanta and elsewhere around the state. As a result, it has caused car insurance rates to increase by almost 9% in the last year alone. But who are the cheapest car insurance companies in Georgia?
Cheapest Car Insurance Companies in Georgia (2020)
Nonetheless, rates vary widely based on the insurer, city/county, age, driving history, type of vehicle, and even credit score. To get a clearer idea of how auto insurance works and how to find the best car insurance companies in Georgia, let’s first take a look at how Georgia laws regulate drivers, their insurance, and their vehicles.
Car Insurance Laws for Georgia
According to the Georgia Department of Insurance, drivers must abide by the following regulations:
- All Georgia drivers are legally required to purchase and maintain at least the minimum auto insurance coverage.
- Georgia drivers must have a minimum Bodily Injury Liability of $25,000 per person and $50,000 per accident.
- Georgia drivers must also have a minimum Property Damage Liability of $25,000.
- In Georgia, Physical Damage Insurance covers loss or damage to your own vehicle. While this insurance is not required by state law, many insurers require drivers to obtain Physical Damage Insurance in order to secure an auto loan or lease.
- Uninsured Motorist Insurance may be included under your policy to protect you against drivers who do not abide by the state’s insurance laws, but it is not required by Georgia state law.
How Car Insurance Rates Are Determined In Georgia
As of the latest data, good drivers in Georgia pay an average of $1,281 annually for auto insurance or about $106 per month. Rates vary by the insurance provider, location, insurance type, and the level of coverage. However, these rates are also highly dependent on drivers.
When an insurance provider is calculating your rates, they will look at the following factors:
- Location – Generally, if you live, commute, or work in an urban area (like Atlanta, Augusta, or Columbus), your rates will be higher, as accidents are more prevalent in densely-populated regions. However, other location-based factors are important, too, like adverse weather conditions and reports of vandalism.
- Age – Statistically, younger drivers get in more accidents. This means that the younger you are, the more you will need to pay in insurance premiums. The average age in Georgia is 37, which is slightly lower than the national average.
- Gender – Men are more likely than women to get in accidents, so your gender could impact your auto rates as well.
- Marital Status – Typically, married couples take fewer risks than their single counterparts, and this holds true for driving. Married couples get in fewer accidents, and therefore pose a smaller risk for insurance providers.
- Driving Experience – While this metric is similar to age, it is still slightly different. Usually, the older you are, the longer you have been driving, but that is not always true. Nonetheless, people who have held a driver’s license for longer are more experienced, and therefore pay lower premiums.
- Driving Record – A driver’s record is one of the most important factors that insurance providers consider. If you have a history of frequent speeding tickets, DUIs, or other infractions, you will have to pay more. Georgia’s rate of traffic incidents is on par with the national average.
- Claims Record – It is also important to consider how many claims you have made to insurance providers in the past (if any). At-fault claims will cause your premiums to rise, while not-at-fault collisions will generally have no impact on your rates.
- Credit History – Your credit is a good indicator of how financially responsible you are, but the research also shows that people with low credit tend to file more claims, making them a greater risk for insurance providers.
- Previous Insurance Coverage – If you have maintained auto insurance without any gaps, your new insurance provider will see this as a good sign. However, if you went for several years, months, or even days without any insurance, you will be seen as high-risk.
- Vehicle Type – Certain cars are driven differently, which means that certain cars are more prone to accidents. Some cars are also more prone to theft or vandalism.
- Use of Vehicle – When you exclusively use your vehicle for personal use, you are less likely to get in an accident. However, if you take long business trips or frequently drive for your work, you increase your chances of a collision.
- Annual Mileage – How much you drive directly impacts your chances of getting in an accident. No matter how you use your vehicle (personal or business use), if you put a lot of mileage on your car, you are more likely to file a claim with your insurance provider.
- Number of Policies – Finally, the type of insurance you want/need will help determine your rates. The more policies you have (liability, comprehensive, uninsured motorist, etc.), the more you will need to pay.
Best Car Insurance Companies for Georgia (2019)
When looking at rates across the entire state, there are 4 major insurance companies that consistently provide low rates for good drivers. Additionally, there are several other companies that provide low rates in certain cities and counties but do not consistently provide low rates statewide.
In any case, let’s take a look at some of the lowest auto insurance rates and best car insurance companies available in the state of Georgia:
|Provider||Annual Rate||Monthly Rate|
|Georgia Farm Bureau||$489||$40|
It is important to note that the table above shows the average rates for the minimum coverage required by the state of Georgia. For standard or “full coverage,” the rates are significantly higher:
|Provider||Annual Rate||Monthly Rate|
|Georgia Farm Bureau||$1,264||$105|
These are approximate rates based on statewide polling for 40-year-old men and women with good driving records. Naturally, individual rates will vary. Additionally, insurers like Allstate and USAA provide low rates for certain areas and applicants.
So, in order to get a better picture of auto insurance rates around the state, let’s look at how rates vary by city.
Best Cheapest Car Insurance Companies for Georgia: Rates By City
Aside from your driving history, your location is one of the most important factors when calculating the cost of your auto insurance. Population, crime rates, weather conditions, and the cost of living can all affect the amount you pay each year.
As a result, individuals who live and work in rural areas typically have the lowest rates. However, the majority of Georgia residents live in urban or suburban areas, where rates tend to increase.
The table below shows the average yearly auto insurance rates for 50 of the most populated cities in Georgia. However, these are approximate rates based on statewide polling for 40 year old men and women with good driving records. Additionally, this data is taken from all of the best car insurance companies in Georgia.
Here is what the data shows:
|City||Average Yearly Rate|
However, let’s take a closer look at the top-5 largest cities in Georgia and compare their respective auto insurance rates:
In Atlanta, the average annual premium is $1,096 for minimum liability insurance, and $2,309 for full auto coverage. However, as with most large cities, these prices can vary by district or neighborhood.
For example, residents in Midtown Atlanta are likely to pay higher prices than those living in East Atlanta Village. Furthermore, no matter where you live or work in Atlanta, traffic is a major issue.
Atlanta has some of the worst traffic in the nation, and this causes frequent accidents, as well as additional wear and tear on vehicles. As a result, auto insurance premiums are relatively high for Atlanta residents when compared with the rest of the state.
In Augusta, the average annual premium is $1,043 for minimum liability insurance and $2,117 for full auto coverage. While Augusta does see its fair share of traffic congestion, commuters spend much less time on the road than drivers in Atlanta.
Weather conditions also affect insurance rates in the city, as it sees an average of 43 inches of rainfall per year. In winter, icy roads also increase the risk of collisions.
In Columbus, the average annual premium is $817 for minimum liability insurance and $1,474 for full auto coverage. Columbus has less than half as many people as the state capital, so traffic congestion is not a major issue.
The city sits on the Georgia-Alabama state line, and drivers who live and commute on or near the Alabama state line generally pay lower premiums than the rest of the city. However, rates are relatively low across the entire city, due in part to good road conditions.
In Macon, the average annual premium is $803 for minimum liability insurance and $1,422 for full auto coverage. Summers tend to be hot and humid in Macon, though the city generally experiences more than 40 days with temperatures below freezing.
Like many cities in Georgia, residents do not always have the proper equipment to deal with icy roads, which can lead to traffic jams and collisions. In any case, Macon is known for having safe drivers and minimal traffic for the majority of the year, which both keep auto insurance premiums low.
In Savannah, the average annual premium is $941 for minimum liability insurance and $1,846 for full auto coverage. Residents in Downtown Savannah and the Isle of Hope tend to pay the highest car insurance premiums in the city.
Due to its many historic buildings, beaches, and local charm, Savannah sees a great deal of tourism each year, especially in the spring and summer months. While Savannah is rated relatively high for driver safety, many of the major roads are rated either “poor” or “mediocre,” which contributes to additional wear and tear on vehicles.
In summary of who has the cheapest car insurance in Georgia, there are a lot of variables that affect the cost of auto insurance in Georgia. Additionally, the figures provided above are averages based on adults with good driving records, so the exact rates you pay may differ.
Nonetheless, we hope that this information helps you when you’re ready to obtain a new policy or upgrade your current one with one of the best car insurance companies in Georgia.
If you’d like to learn more about acquiring auto insurance in your state, consult some of our other car insurance guides and resources. Similarly, if you’re looking for more information about Georgia auto insurance, consult the Georgia Department of Insurance today!