Auto Insurance In Georgia: What's The Average Cost?

The average cost of car insurance in Georgia varies depending on factors such as age, gender, driving record, and credit score. The average annual cost for full coverage car insurance in Georgia is $1,231, while minimum coverage costs around $602 per year. The average monthly cost for minimum coverage car insurance in Georgia is $50, while full coverage costs around $103 per month. The cheapest full coverage in Georgia is offered by Georgia Farm Bureau, with an average annual premium of $1,318, while the cheapest minimum coverage policy is offered by State Farm at an average of $887 per year.

Average cost of auto insurance in Georgia

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

Average Cost by Age

According to The Zebra, auto insurance for a 16-year-old driver in Georgia costs $6,277 per year, while a driver between 50 and 59 years old pays an average of $1,184 annually. Age is a significant factor, as younger and less experienced drivers are considered riskier to insure.

Average Cost by Gender

Gender also influences insurance rates in Georgia, albeit to a lesser extent than age. The Zebra reports that men pay an average of $1,369.06 per year, while women pay $1,324.70.

Average Cost by Driving Record

A clean driving record generally results in lower insurance rates. In Georgia, a speeding ticket can increase your insurance rate by up to 32%, a DUI conviction can raise it by 77%, and an at-fault accident can lead to a 59% increase.

Average Cost by Credit Score

Credit score is another factor that impacts insurance rates. In Georgia, drivers with excellent credit scores (800-850) pay an average of $1,225.29 per year, while those with very poor credit scores (300-570) pay $2,457.

Average Cost by Location

Location plays a significant role in determining insurance rates due to factors like traffic congestion, accident rates, vehicle theft, and population density. Clarkston, Georgia, is the most expensive city for car insurance, with an average annual rate of $2,904. In contrast, Moody AFB has the lowest average rate at $1,514 per year.

Average Cost by Coverage Level

The level of coverage you choose also affects your insurance rates. In Georgia, the minimum liability-only coverage costs around $577 per year, while full coverage with higher liability limits and comprehensive and collision coverage can cost around $1,970 per year.

Average Monthly Cost

On a monthly basis, the average cost of auto insurance in Georgia is approximately $164 for a full coverage policy with liability limits of 100/300/100.

Average Cost Summary

The average cost of auto insurance in Georgia varies based on individual factors and coverage levels. The annual cost for full coverage can range from around $1,200 to $2,500, while minimum coverage typically falls between $500 and $900.

Average cost of full coverage insurance in Georgia

The average cost of full-coverage insurance in Georgia varies depending on the source and the factors considered. According to MoneyGeek, the average annual cost of full-coverage car insurance in Georgia is $1,231, or about $103 per month. However, The Zebra reports a higher average annual cost of $1,388. Bankrate, on the other hand, estimates the average annual cost to be $2,562, with monthly costs amounting to about $214.

NerdWallet provides a more detailed breakdown of costs, with the cheapest full-coverage insurance in Georgia offered by Georgia Farm Bureau at an average rate of $1,403 per year, or about $117 per month. This rate is for a 35-year-old driver with a clean driving record. For drivers with a speeding ticket, the average cost increases to $1,537 per year.

It is important to note that these averages may not reflect the exact cost for an individual, as rates can vary based on factors such as age, gender, marital status, driving record, credit score, and location. Additionally, the level of coverage and the insurance company can also impact the cost of full-coverage insurance in Georgia.

Average cost of liability-only insurance in Georgia

The average cost of liability-only insurance in Georgia varies depending on the level of coverage chosen.

The average cost of state minimum liability-only insurance in Georgia is $602 per year or $50 per month. This is higher than the national average of $573 per year or $48 per month.

The average cost of liability-only insurance with higher coverage levels is also higher than the national average. For example, the average cost of 100/300/100 liability-only insurance in Georgia is $796 per year or $66 per month. In comparison, the national average for this level of coverage is $770 per year or $64 per month.

The price of liability-only insurance in Georgia also varies depending on the insurance company. For example, State Farm offers minimum coverage for an average of $887 per year, while Georgia Farm Bureau offers full coverage for an average of $1,318 per year.

Other factors that can affect the cost of liability-only insurance in Georgia include age, gender, marital status, credit score, driving record, and location.

Average cost of auto insurance in Georgia by age

The average cost of auto insurance in Georgia varies depending on age, gender, and driving history. Auto insurance is typically more expensive for younger drivers, with rates decreasing as drivers get older and gain more experience. Here is a breakdown of the average cost of auto insurance in Georgia by age:

For Teen Drivers (Ages 16-19)

According to The Zebra, auto insurance in Georgia costs $6,277 annually for a 16-year-old driver, while NerdWallet reports that the average cost for a 19-year-old driver is $3,508 per year. These rates are significantly higher than those for older age groups.

For Young Adults (Ages 20-25)

NerdWallet provides average auto insurance rates in Georgia for 20-year-olds and 25-year-olds. For a 20-year-old driver, the average cost is $2,813 per year when added to a family policy, but this rate increases to $6,220 if the 20-year-old opts for an individual policy. For a 25-year-old driver, the average cost of auto insurance in Georgia is $2,231 per year.

For Adults (Ages 30-59)

The average cost of auto insurance in Georgia for 30 to 59-year-olds ranges from $1,231 to $1,677 per year for full coverage, according to MoneyGeek. The Zebra reports a similar range, stating that auto insurance for this age group costs between $1,184 and $1,369 annually.

For Seniors (Ages 60-75)

As drivers reach their 60s and 70s, the cost of auto insurance starts to increase again. According to NerdWallet, the average cost of auto insurance in Georgia for a 60-year-old driver is around $2,000 per year, while a 70-year-old driver can expect to pay around $2,400 per year.

Average cost of auto insurance in Georgia by city

The average cost of auto insurance in Georgia varies depending on the city and other factors such as age, gender, and driving record. Here is a breakdown of the average cost of auto insurance in Georgia by city:

Atlanta

Atlanta has the most expensive auto insurance rates in Georgia, with an average annual rate of $1,735, which is higher than the statewide average of $1,432. The cost of auto insurance in Atlanta can vary depending on factors such as age, gender, driving record, and credit score.

Marietta

Marietta is another city in Georgia with higher-than-average auto insurance rates. The average annual rate in Marietta is $1,590, which is still lower than Atlanta but higher than the statewide average. The cost of auto insurance in Marietta can also vary based on factors such as age, gender, and driving record.

Albany

Albany has one of the lowest auto insurance rates in Georgia, with an average annual rate of $1,321. This is lower than the statewide average and is likely due to a combination of factors such as lower population density and a lower rate of accidents and vehicle thefts.

Columbus

Columbus is another city in Georgia with relatively low auto insurance rates. The average annual rate in Columbus is $1,431, which is only slightly higher than the statewide average. Factors such as a lower crime rate and a lower cost of living could contribute to the lower auto insurance rates in Columbus.

Athens

Athens, Georgia, has auto insurance rates that are close to the statewide average. The average annual rate in Athens is $1,446, which is only slightly higher than the statewide average of $1,432. Athens is a college town, so the presence of a large student population could influence the cost of auto insurance in the city.

Savannah

Savannah is another city in Georgia with auto insurance rates that are close to the statewide average. The average annual rate in Savannah is $1,473, which is only slightly higher than the statewide average. Savannah's auto insurance rates could be influenced by factors such as its population size and the number of tourist visitors the city receives throughout the year.

It is important to note that these averages may not reflect the exact rates that individuals will pay for auto insurance in these cities, as rates can vary significantly depending on personal factors such as age, gender, driving record, and credit score, and the type of vehicle being insured. Additionally, insurance companies may offer different rates in different areas, so it is always a good idea to shop around and compare quotes from multiple providers to find the best rate for your specific situation.

Frequently asked questions