Insurance Quote GA
Insurance Quote GA
Georgia’s Car Insurance Essentials: How to Secure the Right Coverage:
Car insurance prices are going up across the country, and with inflation, it is harder for drivers to find cheap rates. Since 2022, car insurance costs have gone up by more than 14%, the biggest jump in nearly 47 years. However, there is a new law being suggested in Georgia (GA) to help the insurance commissioner control rates and keep costs low for people in the state.
The new law would let the commissioner approve any rate increases before they happen. This is important to protect consumers, especially since Allstate wants to increase rates for Georgia drivers by over 25%.
In Georgia, car insurance is a bit more expensive than the national average. On average, Georgia drivers pay about $2,610 a year for full coverage and $813 a year for basic coverage. Across the state, the average is $2,545 for full coverage and $741 for basic coverage each year.
Still, doing your homework and researching different insurance companies in Georgia is the best way to find the cheapest rates. Keep reading to learn about the insurance companies in Georgia with the best prices and the main things that affect your insurance costs.
Read: Insurance Quote Car
Minimum Insurance Coverage Quote For GA Drivers
When looking for affordable car insurance in Georgia, drivers should consider their coverage needs carefully. Choosing the basic coverage might seem cheaper, but it provides much less financial protection than a full coverage policy.
Every driver has different needs, so it is important to think about how much risk you are willing to take. For example, if you own property or a business, you might want to get higher coverage limits, like 100/300/100, and think about getting an umbrella policy as well.
If you only get the minimum coverage required by Georgia law, you are only getting liability coverage. This covers damages and injuries to the other driver, their passengers, their car, and pedestrians if you cause an accident.
However, liability-only coverage won’t pay for repairs to your car or medical bills for you and your passengers. The average cost for basic car insurance in Georgia is about $813 a year, but some insurers like auto owners and the Georgia Farm Bureau often offer rates lower than this average. Here are some affordable car insurance options in Georgia to consider:
Auto-Owners:
- The average monthly premium is $38, the average annual premium is $454, and savings versus the state average for minimum coverage is -$359.
Georgia Farm Bureau:
- The average monthly premium is $42, the average annual premium is $502, and savings versus the state average for minimum coverage is -$311.
Encompass:
- The average monthly premium is $43, the average annual premium is $521, and savings versus the state average for minimum coverage is -$292.
Allstate:
- The average monthly premium is $54, the average annual premium is $648, and savings versus the state average for minimum coverage is -$165.
Mercury:
- The average monthly premium is $55, the average annual premium is $661, and savings versus the state average for minimum coverage is -$152.
Bankrate ensures you are provided with the most up-to-date options available for auto insurance rates, which are known to fluctuate frequently.
What Are The Minimum Coverage Requirements For GA Drivers
Driving without insurance in Georgia can lead to serious penalties. To meet Georgia’s minimum car insurance requirements, drivers need to have at least:
- $25,000 for bodily injury liability per person
- $50,000 for bodily injury liability per accident
- $25,000 for property damage liability per accident
Liability insurance is meant to protect the other people involved in an accident that’s your fault. It doesn’t cover you or your car. While Georgia doesn’t require you to buy additional types of coverage like comprehensive, collision, or medical payments, having these in your policy can give you extra financial protection for your car’s damage or medical bills from an accident. The average cost for this basic coverage in Georgia is around $813 a year.
Full Coverage Insurance Quote GA
If you have a car loan, lease, or a valuable vehicle, it is a good idea to get full coverage insurance. Full coverage includes comprehensive and collision coverage, in addition to liability insurance, and it covers damages to your car from a covered claim. Auto-Owners offers the most affordable full-coverage car insurance rates in Georgia. However, you can also find cheap policies with the following insurance companies:
Auto-Owners:
- Offers the cheapest Georgia auto insurance rates for full coverage, with an average monthly premium of $133 and an average annual premium of $1,601, resulting in savings of -$1,009 compared to the state average.
Mercury:
- Provides an average monthly premium of $150 and an average annual premium of $1,795, yielding savings of -$815 compared to the state average for full coverage.
Progressive:
- Offers an average monthly premium of $187 and an average annual premium of $2,249, resulting in savings of -$361 compared to the state average.
Encompass:
- Provides an average monthly premium of $189 and an average annual premium of $2,274, yielding savings of -$336 compared to the state average.
Georgia Farm Bureau:
- Offers an average monthly premium of $201 and an average annual premium of $2,415, resulting in savings of -$195 compared to the state average for full coverage.
Insurance Quote In GA After An Accident
After an accident, car insurance rates can go up significantly, but the cost can still vary between different insurance companies. On average, Auto-Owners Insurance offers the most affordable rates after an accident, with an average annual premium of $1,603, which is $514 less than the state average. On the other hand, Mercury has the highest average annual premium at $3,169 among the companies included in the survey.
Below are the average annual premiums for drivers with one accident from the surveyed companies:
- Auto-Owners Insurance: $1,603
- Country Insurance & Financial Services: $1,675
- Geico: $1,737
- State Farm: $1,823
- USAA: $1,928
How Much Are Insurance Quotes in GA
According to research, the average annual car insurance cost in Georgia is $1,432. This is $111 less than the national average of $1,543. Auto-Owners Insurance offers the lowest sample rates, making it affordable for various types of drivers. Geico and Country Financial also provide competitive rates in the state.
It’s important to note that these rates are based on sample data, and several factors can affect the actual premiums you’ll pay for car insurance. Factors like age, driving record, type of vehicle, and location all influence rates. The variation in car insurance costs among different driver profiles is evident in the national average rates paid by various groups. Here’s the list of average rates:
- Auto-Owners Insurance: $1,191
- Geico: $1,274
- Country Insurance & Financial Services: $1,288
- USAA: $1,292
- Statewide Average: $1,432
How Much Of Insurance You Need In GA As A Driver
In Georgia, the law requires drivers to have a minimum amount of car insurance. These required minimums include:
- Bodily injury liability coverage of at least $25,000 per person and $50,000 per accident.
- Property damage liability coverage of at least $25,000 per accident.
Bodily injury liability insurance pays for expenses if you are at fault in an accident that injures someone else, whether they’re in another car or pedestrians. It can help cover medical bills, lost wages, and legal fees if you’re sued.
Property damage liability insurance pays for expenses if you cause an accident that damages someone else’s property, like their car, a fence, a mailbox, or a building.
While these minimum limits meet the state’s requirements, it’s a good idea to consider raising your coverage limits for more protection. Also, if you have a car loan or lease, your lender might require you to have additional coverage.
Read Also: Cheap car Insurance Quote Near Me
How To Get Insurance Quote In GA
There are numerous ways to reduce your car insurance costs in Georgia. Below are some tips to help you start:
Seek discounts:
- Many insurance companies provide discounts that can help you save anywhere from 5% to 25% or more on your premium.
Compare quotes:
- Take the time to shop around and obtain quotes from multiple insurance providers. Prices can differ based on the company, so comparing quotes ensures you find the most economical option.
Maintain a clean driving record:
- Safe driving not only keeps you and others safe but also contributes to lower insurance rates. Steer clear of accidents, speeding tickets, and other infractions.
Opt for a higher deductible:
- Choosing a higher deductible can result in a lower premium. However, make sure you can afford the deductible if you need to file a claim.
Maintain good credit:
- Insurers in many states, including Georgia, consider your credit history when determining rates. Keeping a good credit score can lead to a reduction in your premium.
Reduce your mileage:
- Keeping your vehicle’s mileage low often makes you eligible for reduced auto insurance rates. Try to limit your annual mileage, and inquire about discounts for low mileage.
Drive a safe vehicle:
- Certain safety features on your car may qualify you for discounts on your premium. Moreover, some vehicles, such as minivans or sedans, are less expensive to insure.
Consider usage-based insurance:
- Some insurers offer telematics programs where your driving habits impact your rates. If you’re a safe driver, this could lead to lower premiums.
Review and update your coverage:
- Regularly reassess your insurance needs to ensure you meet the state’s minimum requirements and any stipulations from your lender if applicable.
Understanding car insurance is important for all drivers in Georgia. The state requires a minimum amount of coverage to protect everyone on the road financially. Drivers need to think about their own needs and risks. By comparing different insurance companies and coverage options, Georgia drivers can find affordable and good coverage. Whether you want basic coverage or full coverage, doing research can help you save money and feel more secure when driving. visit the official Website of an insurer for more details.
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