All You Need to Know

Finding the cheapest car insurance in GA can help you stick to your car budget. Even with a DUI, speeding tickets, or as a new driver, you can find insurance rates that meet your coverage and budgetary needs.

Georgia Auto Insurance Requirements

According to WalletHub, drivers in Georgia are required to carry minimum levels of insurance coverage, including liability insurance, which covers other driver’s property damages and injuries if you are at fault for a car accident. Georgia laws require drivers to carry the following insurance coverage minimums:

• $25,000 bodily injury liability coverage per person.
• $50,000 bodily injury liability coverage per crash.
• $25,000 property damage liability coverage per crash.

Ensuring that your policy meets these minimums is important so that you are covered in the event of an accident. Shopping for the best rates on car insurance means comparing quotes from different companies and then choosing one with coverage and cost that works for you.

Factors that Influence Georgia’s Insurance Rates

Georgia’s insurance rates can vary. Insurance rates are most often affected by the following factors:

• Age
• Gender
• The vehicle’s mileage
• Marital status
• Level of insurance coverage
• Driving record, including the number of tickets

Georgia drivers that have a good driving record tend to receive lower insurance rates than drivers who have numerous tickets, an at-fault accident, or a DUI on their record. Those with a good driving record can enjoy as much as 37 percent of a discount on their insurance rates. This is much higher than the national average, which is only 32 percent. Some insurance companies also offer additional perks, like safe driver bonuses, which can translate to as much as a 5- to 10-percent discount.

The type of vehicle can also affect insurance rates, with hybrid rates differing from traditional vehicles.

Georgia drivers with no ticket violations on their record may enjoy savings as high as 17.3 percent, or $287 per year. Drivers with no at-fault accidents may receive discounts as high as 37.8 percent, or up to $832 per year. Drivers with good credit may receive discounts as high as a 44.3 percent discount, or $1,088 in annual savings.

Georgia Auto Insurance Costs by Insurer

Georgia’s top 10 insurers for the cheapest insurance include the following:

• USAA: Georgia drivers pay, on average, $931 annually.
• Nationwide: Georgia drivers pay, on average, $1,372 annually.
• Allstate: Georgia drivers pay, on average, $1,394 annually.
• State Farm: Georgia drivers pay, on average, $1,414 annually.
• Country Financial: Georgia drivers pay, on average, $1,447 annually.
• GEICO: Georgia drivers pay, on average, $1,487 annually.
• Mercury: Georgia drivers pay, on average, $1,692 annually.
• Esurance: Georgia drivers pay, on average, $1,775 annually.
• MetLife: Georgia drivers pay, on average, $1,940 annually.
• Progressive: Georgia drivers pay, on average, $2,223 annually.

Georgia Auto Insurance Premiums by Driver Age

Senior drivers who are 65 years old tend to enjoy decreased insurance rates. However, insurance rates begin increasing with age. The best way to prepare for increased insurance rates as you get older is to shop for the best coverage and prices in your mid-60s. Additionally, many insurance providers offer discounts to senior citizens. These are a few of the cheapest insurance providers for GA seniors who are 65 years:

• Esurance: Seniors pay an average of $1,056 annually.
• Nationwide: Seniors pay an average of $1,159 annually.
• State Farm: Seniors pay an average of $1,366 annually.
• Encompass: Seniors pay an average of $1,381 annually.
• Auto-Owners: Seniors pay an average of $1,414 annually.

According to NerdWallet, drivers of other ages can expect differences in auto insurance policies too. For example, drivers who are 25 years old will often receive a different rate than drivers who are 65 years or older.

Georgia Car Insurance Premiums for Military Members

Georgia residents who are active military members or veterans, or those with family members who have served, can often get cheap insurance rates using USAA. USAA is only available to military members and their families, meaning that it is not often included in lists that identify the cheapest rates. However, USAA is usually one of the cheapest insurance providers among all insurance options in the state.

Average Georgia Insurance Rates after a Violation or Accident

Certain things, like having a DUI or speeding tickets on your record, can increase your insurance rates. A DUI can demonstrate that you are more of a risk than to insurance other drivers. If you have a DUI on your driving record, here are a few of the insurance options that provide the best insurance rates:

• Clearcover: Drivers can expect an average of $628 increase in insurance rates annually.
• State Farm: Drivers can expect an average of $777 increase in insurance rates annually.
• ACCC: Drivers can expect an increase of $987 in insurance rates annually.
• Country Financial: Drivers can expect an increase of $1,111 in insurance rates annually.

Georgia Auto Insurance Premiums by Credit Tier

A low credit score can also make a driver higher risk, often leading to increased insurance rates. The process of calculating premiums varies among providers, however, so some insurance companies charge more for poor credit than others. If you have bad credit, it may be worthwhile to obtain quotes from multiple providers. These are a few of the top insurance providers for GA drivers with poor credit:

• Clearcover: Drivers can expect an average $721 increase in insurance rates annually.
• Georgia Farm Bureau: Drivers can expect an average $981 increase in insurance rates annually.
• Country Financial: Drivers can expect an average $1,002 increase in insurance rates annually.
• GEICO: Drivers can expect an average $1,047 increase in insurance rates annually.
• Auto-Owners: Drivers can expect an average $1,129 increase in insurance rates annually.

Full-Coverage Insurance Companies in Georgia

Full-coverage insurance costs, on average, $1,660 in Georgia, but rates can vary significantly—sometimes as much as $1,000 between drivers. Still, some drivers may prefer full coverage, which is a policy that exceeds the state’s minimum insurance requirements. These are the cheapest insurance companies for full coverage in Georgia:

• Clearcover: Drivers can expect an average of $1,356 annually for full coverage.
• Esurance: Drivers can expect an average of $1,383 annually for full coverage.
• State Farm: Drivers can expect an average of $1,620 annually for full coverage.
• Auto-Owners: Drivers can expect an average of $1,758 annually for full coverage.
• USAA: Drivers can expect an average of $1,828 annually for full coverage.

Shopping around is the best way to find cheap insurance in GA. Whether you are looking for insurance as a newer driver or you have less-than-perfect credit with numerous tickets on your driving record, it is possible to find an affordable insurance rate.

Sources Used:

https://wallethub.com/answers/ci/how-much-car-insurance-do-i-need-in-georgia-2140706188/

https://www.caranddriver.com/car-insurance/a35292907/are-hybrids-more-expensive-to-insure/

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

https://www.caranddriver.com/car-insurance/a35292971/how-much-is-car-insurance-for-a-25-year-old/

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