Georgia's Auto Insurance Havens: Low-Cost Coverage Areas

Auto insurance rates in Georgia are determined by several factors, including age, location, driving record, vehicle type, and credit score. The average cost of car insurance in Georgia is $1,432 per year, which is slightly higher than the national average. However, there are areas in Georgia where auto insurance rates are lower than the state average. For example, in Lake Park, Georgia, the average cost of car insurance is $96 per month, while in Candler-McAfee, it is $159 per month.

To find the lowest auto insurance rates in Georgia, it is recommended to compare quotes from multiple insurance providers and to ask about available discounts. Some insurance companies also offer lower rates for certain driver profiles, such as young drivers or drivers with a clean driving record. Additionally, maintaining a good driving record, choosing a higher deductible, and improving credit score can help lower auto insurance premiums.

Full coverage insurance in Georgia is $1,535 per year on average

The average cost of full coverage insurance in Georgia is $1,535 per year, though this can vary depending on several factors. These include your age, location, driving record, gender, marital status, and credit score.

For example, in 2024, the average cost of full coverage insurance for a 35-year-old driver in Georgia is $2,051 per year, or $171 per month. However, the cheapest full coverage insurance in Georgia is offered by Georgia Farm Bureau, at an average rate of $1,403 per year.

On the other hand, young drivers in Georgia tend to pay much higher rates for full coverage insurance. For instance, 18-year-old drivers in Georgia can expect to pay an average of $240 per month for minimum-coverage insurance, which is more than twice as much as a 30-year-old driver.

Additionally, drivers with poor credit scores in Georgia typically pay higher rates for full coverage insurance. The average rate for full coverage insurance for drivers with poor credit in Georgia is $299 per month, nearly double the rate for drivers with good credit.

It's worth noting that full coverage insurance is not mandatory in Georgia. The state only requires liability insurance, which helps pay for damages to others in the event of an accident. However, full coverage insurance can provide additional financial protection for damage to your own vehicle.

The cheapest car insurance company in Georgia is Auto-Owners, at $96 per month

Auto-Owners also offers the cheapest rates for young drivers in Georgia, with an average rate of $166 per month for full coverage.

The cost of car insurance in Georgia depends on many factors, including age, location, driving history, and credit score. The average cost of full coverage in Georgia is $2,051 per year, or $171 per month. The average cost of minimum coverage is $720 per year, or $60 per month.

In Georgia, car insurance policies must include liability insurance, which covers the cost of any damage, injuries, or deaths caused by the policyholder in a car accident. The minimum liability coverage amounts in Georgia are:

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

Georgia drivers with poor credit pay an average of $1,431 more per year than those with excellent credit

Georgia drivers with a poor credit score tend to pay much higher rates for auto coverage than those with an average or good credit score. Poor credit is considered a risk indicator, and those with poor credit are likely to file more claims. In Georgia, people with poor credit pay an additional $1,431 per year compared to drivers with excellent credit. This means that drivers with poor credit pay more than twice as much as those with excellent credit.

The cheapest car insurance companies for most drivers in Georgia are Central Insurance, Country Financial, Auto-Owners, USAA, and Geico. The cheapest large car insurance companies in Georgia are Geico, State Farm, Progressive, Allstate, and USAA. The cheapest mid-size car insurance companies in Georgia are Country Financial, Auto-Owners Insurance, and Mercury Insurance.

The cheapest car insurance for young drivers in Georgia is offered by Central Insurance, with an average rate of $3,508 per year or $292 per month. For 17-year-olds, Central Insurance is the cheapest option, with an average rate of $4,163 per year or $347 per month. For 18-year-olds, Central Insurance is again the cheapest, with an average rate of $3,840 per year or $320 per month.

The cheapest car insurance for seniors in Georgia is offered by Country Financial, with an average rate of $1,883 per year or $157 per month. For 65-year-olds, Country Financial is the cheapest option, with an average rate of $1,790 per year or $149 per month. For 75-year-olds, Country Financial is again the cheapest, with an average rate of $1,976 per year or $165 per month.

It is important to note that car insurance rates in Georgia can vary based on factors such as age, driving history, and credit score. It is recommended to shop around and compare quotes from multiple providers to find the most affordable option.

The average cost of minimum coverage in Georgia is $582 per year

The cost of car insurance varies depending on several factors, including age, location, driving record, and credit score. In Georgia, the average cost of minimum coverage is $582 per year, but this can vary depending on your specific situation.

Age is a significant factor in determining car insurance costs. In Georgia, drivers aged 22 to 29 typically face the highest premiums due to their higher risk. The average cost of minimum coverage for this age group is $689 per year, or about $57 per month. However, this can vary depending on the insurance company and the driver's specific circumstances. For example, COUNTRY Financial offers minimum coverage for $412 per year, while Auto-Owners offers it for $490 per year.

Location is another critical factor in car insurance rates. In Georgia, the cost of car insurance varies by city, with Atlanta having an annual average rate that is 12% higher than the state average, while Augusta's rate is 10% lower. The cheapest car insurance in Georgia can be found in Lake Park, while the most expensive is in Candler-McAfee.

Your driving record also plays a role in determining your car insurance rates. In Georgia, a recent at-fault accident can raise your rate by up to $755 per year. Additionally, a DUI conviction can increase your premium by up to 87%.

Credit score is another factor that insurance companies consider when setting rates. In Georgia, drivers with poor credit generally pay $1,431 more per year for car insurance than those with excellent credit.

When shopping for car insurance in Georgia, it's important to compare rates from multiple companies and consider your specific needs and circumstances. By balancing cost and coverage, you can find the best policy for your situation.

Georgia drivers under 25 are considered high-risk due to their lack of driving experience

In Georgia, drivers under 25 are considered high-risk due to their lack of driving experience, and this is reflected in their auto insurance rates. Several factors contribute to this, including the state's graduated licensing program and the statistics surrounding teen driving accidents.

Graduated Licensing Program

Georgia has implemented a graduated driver's license program called the Teenage and Adult Driver Responsibility Act (TADRA), which applies to young drivers aged 15 to 18. This program consists of three steps:

• Learner's Permit (Class CP): Granted to applicants aged 15 or older who have passed a knowledge test. These drivers must be accompanied by a licensed individual aged 21 or older.
• Intermediate Provisional License (Class D): Granted to applicants aged 16 or 17 who have held a Learner's Permit for at least 12 months and one day and have passed a road skills test. This license comes with specific restrictions on curfew and the number of underage passengers allowed in the vehicle.
• Full License (Class C): Granted to drivers aged 18 and older who have had no major traffic convictions in the last 12 months.

Statistics on Teen Driving Accidents

According to statistics, teen drivers in Georgia are overrepresented in car accidents due to their lack of driving experience and impulsive behaviour. Between 2012 and 2021, 1,771 teen drivers were involved in fatal accidents, with the highest number (215) occurring in 2021. Teen drivers accounted for 13% of all fatal accidents in the state in 2020, and their risk of fatal accidents per mile driven is three times higher than that of other age groups.

Insurance Rates for Young Drivers

Due to the high risk associated with inexperienced drivers, auto insurance rates can be significantly higher for this demographic. In Georgia, teens pay an average of $5,760 per year for car insurance, more than three times the national average. Male teen drivers are more likely to be involved in fatal accidents than females, and distracted driving, speeding, and alcohol use are common contributing factors.

To mitigate these risks, Georgia's TADRA program includes educational requirements, such as Joshua's Law, which mandates that 16 and 17-year-olds complete training and a curriculum before obtaining a driver's license. Additionally, insurance companies in Georgia are allowed to offer reduced rates to customers who complete a driver education course.

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