Auto Insurance In Georgia: Costs Explained

The cost of auto insurance in Georgia varies depending on factors such as age, gender, driving record, and credit score. The average annual cost of full coverage car insurance in Georgia is $1,970, while the average monthly cost is $164. The cheapest car insurance company in Georgia is Central Insurance, with an average annual rate of $1,331 for full coverage. Auto-Owners Insurance has the lowest average annual rate in Georgia at $99.25 per month. The cost of car insurance in Georgia is relatively high compared to other states, with the average annual rate for full coverage being $2,554 and $867 for minimum coverage.

Average cost of car insurance in Georgia

The cost of car insurance in Georgia depends on a variety of factors, including age, gender, driving history, and credit score. The average cost of car insurance in Georgia is $1,973 per year, or $164 per month, for full coverage. For minimum coverage, the average cost is $680 per year, or $57 per month.

The cheapest car insurance company in Georgia is Central Insurance, with an average annual rate of $1,165 for full coverage. Other cheap options include Auto-Owners Insurance, Country Financial, Georgia Farm Bureau, and State Farm.

The cost of car insurance in Georgia can also vary depending on the city. For example, the average annual rate in Atlanta is $1,735, while in Albany, it is $1,321.

It is important to shop around and compare quotes from multiple insurance providers to find the best rate for your needs.

Factors that influence car insurance rates in Georgia

Several factors influence car insurance rates in Georgia. Here are some key considerations:

Driving Record

A clean driving record typically results in lower insurance premiums. Conversely, traffic violations, accidents, or a history of claims indicate higher risk and can lead to increased rates. The more severe the violation and the longer it stays on your record, the higher your premiums will be. For example, a DUI in Georgia can remain on your record for up to 10 years, impacting your insurance costs during that period.

Age, Gender, and Experience

Age and driving experience play a significant role in insurance rates. Younger and less experienced drivers, especially males, often face higher rates due to the statistically higher risks associated with their demographic. Premiums generally decrease as drivers get older and gain more experience, making insurance more affordable for mature drivers.

Vehicle Type

The make, model, and year of your vehicle influence insurance costs. High-performance or luxury vehicles generally cost more to insure due to higher repair costs and the potential for more extensive damage in collisions.

Credit Score

In Georgia, insurers use credit scores to help determine the risk of insuring a driver. A good credit score, typically ranging from 670 to 739, can lead to more affordable premiums, while a lower score may result in higher costs. Insurers view credit scores as a measure of reliability and financial responsibility.

Coverage Level

Opting for more than the state-mandated minimum coverage will increase your insurance costs but can provide better protection. Collision and comprehensive insurance, while optional, are recommended for newer vehicles to protect against accidents, natural disasters, and vandalism.

Location

Insurance rates can vary within Georgia, with urban areas often having higher premiums than rural areas. This is due to factors such as higher crime rates, traffic congestion, accident frequency, vehicle theft rates, and the likelihood of natural disasters.

Deductible Amount

The deductible is the amount you pay out-of-pocket before your insurance coverage kicks in. A higher deductible typically results in lower insurance premiums, while a lower deductible leads to higher premiums.

Car insurance rates by age group in Georgia

The average cost of car insurance in Georgia varies depending on age, gender, driving record, credit score, and location.

Car Insurance Rates for Teenagers in Georgia

For 16-year-old male drivers in Georgia, the average annual cost for car insurance is $6,220 if they opt for an individual policy. However, if they are added to a family policy, the average cost drops significantly to $2,813 per year. Sixteen-year-old female drivers can expect to pay around $5,364 for an individual policy and $2,830 if added to a family policy.

Car Insurance Rates for Young Adults in Georgia

For 20-year-old drivers in Georgia, Central Insurance offers the cheapest rates for both full coverage and minimum coverage. The average cost of full coverage for a 20-year-old male driver with a clean driving record is $1,778 per year, while the average cost of minimum coverage is $592 per year. For a 20-year-old female driver with a clean driving record, the average cost of full coverage is $3,432 per year, and the average cost of minimum coverage is $1,028 per year.

Car Insurance Rates for Adults in Georgia

Age plays a significant role in determining car insurance rates in Georgia. Younger drivers under 30 typically face higher premiums due to their lack of driving experience and being perceived as higher-risk by insurers. As drivers get older, premiums generally decrease. For 30-year-old drivers in Georgia, Central Insurance and Georgia Farm Bureau offer the cheapest rates for full coverage, while Central Insurance, Georgia Farm Bureau, and Auto-Owners offer the lowest rates for minimum coverage.

For 40-year-old drivers, Central Insurance, Georgia Farm Bureau, Auto-Owners, Country Financial, and Farmers offer the most affordable full coverage options. Central Insurance, Georgia Farm Bureau, Geico, Auto-Owners, and Encompass provide the cheapest minimum coverage for this age group.

For 50-year-old drivers in Georgia, Central Insurance, Georgia Farm Bureau, Auto-Owners, Country Financial, and Encompass are the most affordable options for full coverage. Central Insurance, Georgia Farm Bureau, Encompass, Auto-Owners, and Geico offer the lowest rates for minimum coverage.

Car Insurance Rates for Seniors in Georgia

For drivers in their 60s and 70s, Central Insurance, Georgia Farm Bureau, Farmers, Country Financial, and Encompass offer competitive rates for full coverage. For minimum coverage, Georgia Farm Bureau, Encompass, Central Insurance, Country Financial, and Geico are among the cheapest options.

Car insurance cost in Georgia for high-risk drivers

Car insurance costs in Georgia vary depending on several factors, including age, driving history, credit score, and location. High-risk drivers in Georgia typically pay higher premiums than those with clean records.

According to WalletHub, high-risk drivers in Georgia pay an average of $1988 per year for auto insurance. This is about 50% higher than what drivers with clean records pay. The type of violation or accident will also impact the increase in insurance costs. For instance, speeding can result in a 17% increase, while driving under the influence can lead to an average 47% increase. Two accidents can increase the policy cost by up to 119%.

The Zebra reports that drivers with poor credit scores (300-570) pay around $2457 per year for car insurance in Georgia. In contrast, those with excellent credit scores (800-850) pay approximately $1225, a significant difference of $1236.

When it comes to age, younger drivers tend to pay higher premiums. For example, 16-year-old drivers in Georgia can expect to pay around $349 per month or $4186 per year for car insurance. This is significantly higher than the average cost of car insurance in the state.

Location also plays a role in determining insurance costs. According to the Atlanta Journal-Constitution, drivers in Atlanta, Decatur, Duluth, Lithonia, and Stone Mountain pay the highest auto insurance rates in Georgia. On the other hand, residents of Albany, Athens, Gainesville, Newnan, and Valdosta benefit from lower insurance rates.

Overall, high-risk drivers in Georgia can expect to pay significantly more for car insurance than those with clean records and good credit scores. The cost of insurance also varies based on age, gender, marital status, and location within the state.

Car insurance rates by city in Georgia

The cost of car insurance in Georgia varies depending on the city in which one lives. While the average cost of car insurance in Georgia is $1,388 per year, which is slightly less than the national average, insurance rates can be higher or lower depending on the city. For example, the annual average cost of car insurance in Atlanta is 12% higher than the state average, while in Augusta, it is 10% lower.

Location is a key factor in determining car insurance rates, as different cities may have varying costs for repairs, different frequencies of accidents, and varying rates of theft and vandalism. These factors, along with personal factors such as age, driving record, and credit score, are considered by insurance companies when determining rates.

In Georgia, the cheapest car insurance rates can be found in Lake Park, while the most expensive rates are typically found in Candler-McAfee. The table below shows the average car insurance costs in some of Georgia's biggest cities:

| City | Average Monthly Cost | Average Annual Cost |

|---|---|---|

| Lake Park | - | - |

| Candler-McAfee | - | - |

| Athens | - | - |

| Augusta | - | - |

| Roswell | - | - |

| Sandy Springs | - | - |

| Savannah | - | - |

| South Fulton | - | - |

It is worth noting that car insurance rates in Georgia have been relatively stable in recent years, with only a slight decrease in average annual costs. Overall, the cost of car insurance in Georgia is comparable to the national average, and the best way to find the cheapest rates is to compare quotes from multiple insurance providers.

Frequently asked questions