There are 7.6 million licensed drivers in the Peach State and on average they pay slightly over the national averages for both liability only and full coverage car insurance. The ratio of uninsured motorists is at 12.4% and just slightly below the national average. Georgia is one of the most populous states and the second fastest growing in the country, with Atlanta serving as the capital and a cosmopolitan city.
Georgia Vehicle Insurance Rules
Here are the minimum compulsory liability coverage requirements;
- $25,000 for bodily injury per person.
- $50,000 total for bodily injury per accident.
- $25,000 for property damage.
You can confirm these figures and check further information here.
While the minimum coverage limits might seem adequate and car insurance rates are already expensive in GA, it’s important not to hesitate in checking the costs associated with a higher and more dependable level of liability protection. Many motorists significantly increase their liability coverage limits to protect their assets better and still pay reasonable premiums due to smarter shopping. Many insurance providers now include enhanced liability protection in their standard policies.
Automobile Insurance Costs in Georgia
Georgia is prone to experiencing a range of unusual weather events, including sudden hailstorms, thunderstorms, and tornadoes. These weather conditions can lead to an increase in car insurance claims. The state’s substantial population of nearly 11 million residents contributes to a higher occurrence of vehicular accidents and crimes. This pattern is consistent with trends observed in other densely populated states. As a result, the combination of these demographic characteristics may partly explain elevated vehicle insurance rates in Georgia.
The average cost of liability-only car insurance in Georgia is $639, which is slightly higher than the US average. And the average cost for a full coverage policy is $2,085, which is also slightly higher than the country average. A full coverage policy costs three times more than the liability-only.
Most Affordable Vehicle Insurers in Georgia
If you get only one quote and go with it there is a chance you may have picked one of the most expensive insurers and end up paying significantly more. That is why motorists should always get multiple quotes and compare their options. Below are the companies with the most competitive rates in the market currently but rates can change fast. So, you shouldn’t ignore others and get a few more quotes to have a more in depth comparison.
- Auto-Owners
- Farm Bureau
- State Farm
- Nationwide
- Country Financial
Vehicle insurance rates vary a bit depending on location in GA. Another influential factor is the company you choose and therefore you need to choose well to avoid overpaying.
Car Insurance in Atlanta GA
It is by far the largest city in this state with 504,360 residents. On top of this large population, Atlanta has a reputation for congestion, traffic accidents and crimes. Despite these negative factors, Atlanta policyholders pay only 23% more than the state average. This may be due to fierce competition in the market and a large part of Georgians living in urban areas like the Atlanta metro area with similar demographics.
Georgia Automobile Insurance and Driving Facts
- Average yearly mileage in this state is 18,334 and it is one of the highest in the country. Estimated yearly mileage is considered in premium calculation by many vehicle insurers as the longer you stay on the road the higher the chance of accidents.
- Georgia requires insurers to offer uninsured motorist bodily injury (UMBI) and uninsured motorist property damage (UMPD) coverage with the following minimum limits:
- UMBI: $25,000 per person, $50,000 per accident
- UMPD: $25,000 with a $250, $500, or $1,000 deductible
You can reject these coverages in writing.
- According to the National Insurance Crime Bureau (NICB) figures for 2022, Georgia is one of the ten states with the most estimated auto thefts in the country. This and weather risks in this state increases the importance of having Comprehensive coverage. If you have a fairly valuable automobile, you may want to add Collision and Comprehensive coverage to your car insurance to protect your automobile against many risks including accidents, theft, vandalism, weather related damages, fire and more.
- The average credit score is 693 in GA, according to Experian and it is one of the lowest averages in the US. This is important because your credit score is considered to be one of the significant factors in car insurance premium calculations. According to Forbes, Georgian motorists with bad credit pays on average 68% higher vehicle insurance premiums.
- Georgia mandates that registered vehicles maintain uninterrupted insurance coverage. The state has electronic records of your insurance status. Should your coverage lapses, your vehicle registration may be suspended and you may be fined.
- According to gearpatrol.com, Georgia was among the top five states with the highest speeding tickets. And according to Forbes, speeding tickets increase vehicle insurance by 22% on average in GA.
- Old Car City in White, Georgia contains the world’s largest known classic car junkyard, according to their website and has over 4000 American-made cars from the early 20th Century spread over 34 acres.
Knowing how to find good car insurance quotes helps in reducing premiums, which allows motorists to afford the coverage they need instead of skimping on it due to budgetary pressures. Georgia has a competitive vehicle insurance market with most major companies selling policies in the state and motorists should take advantage of it.