Average cost of auto insurance in Georgia for 2021 | The bank rate


Drivers in Georgia pay an annual average of $ 1,982 for full coverage and $ 756 for minimum coverage. However, it is possible to pay less if you know what you are doing and where to look. By buying and using the best discounts, you can save a significant amount on auto insurance.

How Much Does Car Insurance Cost in Georgia?

The average amount that drivers pay for auto insurance varies from state to state. In Georgia, the average annual amount that drivers pay is $ 756 for minimum and $ 1,982 for full coverage. This is more than the national average. Currently, the US average is $ 565 per year for the minimum and $ 1,674 per year for the full.

However, keep in mind that what you pay for auto insurance is determined by a variety of factors (meaning you may be paying more or less than the numbers above). When calculating a premium, insurance companies take into account elements such as:

  • Age
  • Sex
  • state
  • Car type
  • Driving history
  • Where you live
  • Civil status
  • Credit score
  • Deductible amount
  • Discounts
  • Type of cover

Georgia Auto Insurance Rates by Company

How Much Does Car Insurance Cost in Georgia? It depends on the company you are working with.

The following table illustrates the cost differences between all major vendors operating in Georgia. As you will see, it is definitely worth your time and effort to buy cheaper auto insurance. Never assume that you will be paying the same amount from business to business. And while the best auto insurance isn’t always the cheapest auto insurance (and vice versa), the good news is that you have plenty of options for the best auto insurance companies in Georgia.

Auto insurance company Average annual premium for minimum coverage Average annual premium for full coverage
ACCC Insurance $ 659 $ 1,945
Alfa $ 859 $ 2,450
Allstate $ 706 $ 1,718
Car owners $ 532 $ 1,494
Financial countries $ 614 $ 2,183
Donegal $ 963 $ 2,153
Geico $ 508 $ 1,711
Mercury $ 760 $ 1,915
MetLife $ 887 $ 1,788
In all the countries $ 585 $ 1,202
Progressive $ 708 $ 1,800
Safeway $ 945 $ 2,372
Southern General Agency $ 3,354 $ 6,717
State farm $ 486 $ 1375
USAA $ 581 $ 1,506

Georgia auto insurance rates by city

Average auto insurance rates in Georgia vary by city. This is because more populated areas tend to have more accidents.

In the table below, you will find the average rate for each city as well as the percentage increase to an average full premium of $ 1,982.

City Average annual premium for full coverage % increase in average annual premium
Atlanta $ 2,325 17%
Marietta $ 2,078 5%
Lawrenceville $ 2,161 9%
Augusta $ 1,908 -4%
Columbus $ 1,996 1%
Savannah $ 2,013 2%
Builder $ 2,101 6%
Squirting $ 1,961 -1%
Gainesville $ 1,911 -4%
Athens $ 1,839 -7%
Douglasville $ 2,169 9%
Norcross $ 2,121 7%

Georgia Auto Insurance Rates by Age

Average auto insurance rates in Georgia are heavily influenced by the age of the driver (as in all states). Indeed, young drivers are statistically more likely to have an accident due to a lack of experience. Assuming they don’t have major traffic violations, their fares should go down as they get older.

* 16 years old and 17 years old calculated on the parents’ disclosure policy

Georgia auto insurance rates by driving record

Past driving offenses have the ability to dramatically increase auto insurance rates in Georgia. Here’s what you can expect to pay for auto insurance after a major driving violation.

Driving incident Average annual premium for full coverage in Georgia % increase in average annual premium
Speeding $ 2,446 23%
Accident $ 2,949 49%
DUI $ 3,691 86%

How To Save On Car Insurance In Georgia

To save on auto insurance rates in Georgia, drivers should consider the following tactics:

  • Shop: Auto insurance companies charge different rates for a variety of reasons. One of the reasons is that they all have a unique pricing algorithm to determine which cost factors a policy pays for. While you might be flabbergasted that you have a low credit score with one company, you might not be penalized as badly with another.
  • Increase your deductible: Increasing your deductible will decrease the amount your provider will pay after an accident, but it will also decrease the amount you pay each month. Most providers have several franchise options to suit a variety of budgets. Just make sure you understand the consequences of each before agreeing to a particular one.
  • Discounts: Many large suppliers offer a variety of discounts. When shopping, it’s not enough to verify that a business has a particular discount. You’ll want to talk to an agent to understand how much you’ll save with them. Indeed, the amount of a discount varies according to each supplier.
  • Driving an older car: New cars cost more to replace, and that’s why they cost more to insure. To save on auto insurance, drive an older car with a high safety rating.

Car insurance requirements in Georgia

Georgia is a 25/50/25 State. This means that drivers convicted of an accident must have a policy covering up to:

  • $ 25,000 per person for bodily injury
  • $ 50,000 per accident for bodily injury
  • $ 25,000 per accident of property damage

However, drivers in Georgia should strongly consider purchasing more than their state’s minimum requirements. There are many reasons for doing this. For starters, be aware that if a hailstorm damages your new car, the minimum coverage will not cover the cost of repairs (only full coverage would). Or what if you were hit by an uninsured motorist with no assets? The responsibility will do nothing for you. You can sue the other driver, but there is no guarantee that anything will result.

You will also need more than the minimum if you plan to finance or lease a new car. Most lenders and dealers require full coverage for these types of purchases.

Frequently Asked Questions

Is coverage for uninsured motorists required in Georgia?

No it is not. However, this is a good idea because Georgia has a 12% uninsured motorist rate. If you were to be in an accident with an uninsured motorist, you could be forced to pay your own bills.

Is Georgia a Flawless State?

No, Georgia is a tort state, which means the driver at fault is responsible for any damage caused by their driving.

Methodology

Bankrate uses Quadrant Information Services to analyze 2021 rates for all zip codes and carriers in all 50 states and Washington, DC Rates shown are based on a 40 year old male and female driver with a driving record impeccable, good credit and the following. coverage limits:

  • $ 100,000 of civil liability per person
  • Civil liability of $ 300,000 per accident
  • Liability for property damage of $ 50,000 per accident
  • $ 100,000 of uninsured bodily injury by a motorist per person
  • $ 300,000 in uninsured bodily injury by a motorist per accident
  • $ 500 collision deductible
  • Full $ 500 deductible

To determine the minimum coverage limits, Bankrate used minimum coverage that meets the requirements of each state. Our basic profile drivers own a 2019 Toyota Camry, commute five days a week, and cover 12,000 miles a year.

To determine the alternative tariffs, our base profile was adjusted for the following scenarios:

  • Driving history: the rates were calculated by evaluating our baseline profile with the following incidents applied: blank (baseline) record, at-fault accident, single speeding ticket, and single DUI conviction.
  • Age: the rates were calculated by evaluating our base profile with the ages 18 to 60 (base: 40) applied. For teenage drivers, the rates were determined by adding a 16- or 17-year-old teenager to the 40-year-old married couple’s policy. The prices displayed reflect the additional cost to the parents policy.

These are sample rates and should only be used for comparison purposes.


About Teresa G. Wilson

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