Best car insurance companies in Georgia
When shopping for car insurance, cost is not the only factor to consider; a company’s ratings are also important indicators of how it might stack up on the basis of customer experience or financial strength. J.D. Power scores were factored into our top picks, as they are indicative of a company’s average customer satisfaction. We also considered AM Best and Standard & Poor’s (S&P) financial strength ratings, as well as each company’s coverage options, discounts and availability. We analyzed each of these factors to create a proprietary Bankrate Score, which scores each company on a scale from 0 to 5 points based on how strongly they rate in each category.
Based on our research, the following companies are offer some of the best car insurance options in Georgia:
|Provider||Bankrate Score||Average annual full coverage premium||J.D. Power customer satisfaction score (Southeast region)|
We found State Farm offers the cheapest rates of all the providers on our list, and its customer service and policy offerings are highly rated by third-party agencies. With the mobile app, State Farm enables customers to do everything from file a claim to request roadside assistance. For consumers who like to handle their auto insurance in person, the company has hundreds of local agents throughout the Peach State. State Farm offers several discounts that may help you save even more on your auto insurance. You may be able to save by being accident-free, being a good driver, insuring multiple products with State Farm and having some vehicle safety features. State Farm, which has the largest auto insurance market share in the U.S. with $40.4 billion in direct premiums written, carries an A++ (Superior) financial strength rating from AM Best.
Learn more: State Farm insurance review
Geico, the second largest U.S. auto insurer, with $33.9 billion in direct premiums written, offers competitive premiums for drivers in Georgia. In addition to auto insurance, Geico offers coverage for renters, homeowners, business and pets, among other insurance products. Geico also has an A++ (Superior) financial strength rating from AM Best. Although Geico’s average full coverage auto premium is already less than Georgia’s average, the company also offers a multitude of discounts. You might save for having certain safety features on your vehicle, being a federal employee, a member of the military community or a good driver.
Learn more: Geico insurance review
Auto-Owners only writes policies in 26 of the 50 states, so you may not be as familiar with it as other carriers on our list. However, this regional carrier offers auto coverage to drivers in Georgia and has a few aspects that make it a standout on our list. The company has the second-lowest average annual premium of the top providers highlighted above. While Auto-Owners has a low average full coverage premium for Georgia drivers, the company also provides several discounts that might help you get an even lower rate. You may be able to save further by paying in full and on time, enrolling in paperless statements, having safety features on your vehicle and getting a quote before your current policy expires. Auto-Owners is also known for its fiscal stability, earning the highest financial strength rating available from AM Best, A++ (Superior) for 49 consecutive years.
Learn more: Auto-Owners insurance review
As one of the best-known car insurance providers and the fourth largest U.S. auto writer with $25.9 billion in direct premiums written, Allstate offers Georgia drivers competitively priced auto insurance with plenty of digital tools to make policy management easy, including its mobile app and a robust company website. Allstate also offers many discounts that could help you lower your rate. Discounts include having a new car, being a safe driver or for good high school and college students (with qualifying grades). Allstate has a broad network of local agents throughout Georgia, which may be appealing if you prefer to handle your insurance needs in-person. Allstate also has a very strong balance sheet with an A+ (Superior) financial strength rating from AM Best. Allstate is also among the best renters insurance companies for policyholders looking to bundle policies.
Learn more: Allstate insurance review
Average car insurance cost in Georgia
Car insurance in Georgia is relatively expensive, with an average full coverage premium that is more than $300 higher per year compared to the annual national average cost of car insurance. While the national average cost of full coverage car insurance is $1,674 per year, Georgia residents pay $1,982 per year for the same coverage. Minimum coverage is similarly more expensive, at $756 annually for Georgia residents and $565 per year, on average, in the U.S.
|Average annual premium for minimum coverage in Georgia||Average annual premium for full coverage in Georgia|
How to find the best car insurance in Georgia
Finding the best car insurance rates in each state doesn’t have to be complicated. In fact, you can take a few simple steps before you even start shopping. These steps might save you time and help you find the right company and coverage types for you.
Consider minimum insurance requirements in Georgia
Georgia car insurance laws require you to carry at least a minimum level of auto insurance. As a licensed driver in the Peach State, you must carry at least the minimum required levels of bodily injury liability coverage and property damage liability coverage. Minimum coverage generally costs less than buying higher limits or full coverage, but it may not provide you with enough financial protection to pay for the costs of an at-fault accident.
If you cause injuries or damages that exceed your coverage limits, you will be responsible for the overage out of pocket. Most insurance professionals advise that you purchase higher liability limits if you can afford them. You may also want to consider adding optional collision and comprehensive coverages so that you have complete financial protection for damage to your vehicle — including losses from accidents, theft and severe weather events — according to the Insurance Information Institute (Triple-I).
Consider lender requirements
If you have a loan or lease on your vehicle, you typically will be required to carry full coverage. What is full coverage car insurance? Full coverage means that you have comprehensive and collision coverage on your policy. If you lease your vehicle, your lessor might also require you to carry at least a certain level of liability coverage as well. Additionally, you may want to consider gap insurance. Gap coverage is designed to pay the difference between your new vehicle’s actual value and the outstanding loan or lease amount owed if your car is totaled in an accident.
Consider your individual needs
Everyone has a unique situation that they bring to their auto insurance search. Maybe you need car insurance for teen drivers, so you’re looking for a company with cheap rates for inexperienced drivers and young driver discounts. Or perhaps you’ve had a few accidents or a DUI conviction and need high-risk auto insurance, which could limit the number of car insurance companies available to you. Understanding your individual circumstances and deciding what coverage types, discounts and policy features you are looking for can help you choose which companies to get quotes from.
Car insurance discounts in Georgia
Although Georgia’s auto insurance prices are higher than the national average, you still have ways to potentially lower your premium and effectively find the cheapest car insurance in Georgia. If you’re wondering how to lower your car insurance, discounts are one of the easiest ways to save. Most major insurance companies offer at least a few discounts. Some of the best car insurance discounts in Georgia are:
- Young driver discounts: If you have a teen driver on your policy, you may be eligible for several discounts. If your teen is a full-time student and maintains good grades, you might qualify for a good student discount. Other common young driver discounts include savings for students who go to college without a vehicle and teens who take a certified driver training course.
- Safe driver discounts: If you have a clean driving record — meaning no accidents, tickets or major violations in the past three to five years — you might qualify for a safe driver discount. Additionally, having certain safety features on your car, like anti-lock brakes, an alarm system, forward collision warning or side curtain airbags may earn you a car insurance discount.
- Other discounts: If you own a home or condo, or even if you rent your current home, you may get a multi-policy discount if you insure your property with the same company as your auto insurance. This is called “bundling.” The benefits of bundling your home and auto insurance are significant. You could earn a discount on both policies. Also, many companies will offer a policy discount if you are able to pay your entire premium in full, rather than in monthly or quarterly installments.
Discounts can often help you save on your auto insurance. Because each company offers a different suite of discounts, researching savings opportunities online or talking to a representative from your current company might help you to identify ways to save.
Frequently asked questions
What is the cheapest car insurance in Georgia?
The cheapest car insurance companies in Georgia will be different for everyone, since rates are specific to your unique circumstances. The Triple-I recommends getting quotes from at least three carriers to compare costs and coverages, and focus on the discounts offered which may help you get a lower premium.
What if I cause a crash in Georgia and the damages are higher than the coverage I have?
You would be responsible for the expenses that exceed your policy limits. This is why most insurance professionals recommend that you purchase higher limits of liability, if you can afford to do so. State minimum coverage might be cheaper, but you could be left with high out-of-pocket bills if you cause an accident. Getting quotes for a few different levels of liability may help you choose an option that is right for your risk-tolerance level and your budget.
What happens if I drive without insurance in Georgia?
Driving without insurance is illegal in Georgia. Drivers in Georgia are legally required to carry a minimum of $25,000 per person and $50,000 per incident for bodily injury liability, and $25,000 per incident for property damage liability. Consequences for driving without insurance may include fines, driver’s license and registration suspensions for 60 days and up to six months, depending on whether it was a first or subsequent offense. Drivers could also face jail time of up to one year.
What information is required to get car insurance in Georgia?
Different car insurance providers ask for different information during the quote process. When requesting insurance quotes, you will need to provide contact information, such as your name, phone number or email address and physical address. You may also have to provide your driver’s license number, date of birth, Social Security number, and vehicle identification number (VIN) for each vehicle that you want to insure. You may also have to fill out personal information such as name, date of birth and license number for every driver in your household.
From there, you may also start to consider what liability limits you would like to purchase, as well as if you want to add any collision and comprehensive coverage to protect your vehicle. Additional coverage options could include medical payments, rental car coverage and even towing and roadside assistance.
Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2020 Toyota Camry, commute five days a week and drive 12,000 miles annually.
These are sample rates and should only be used for comparative purposes.
Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. We know it is important for drivers to be confident their financial protection covers the likeliest risks, is priced competitively and is provided by a financially-sound company with a history of positive customer support.
To determine how well the best car insurance companies satisfy these priorities, third-party agency ratings from J.D. Power, AM Best, S&P, NAIC, and Moodys had the most impact on the companies’ Bankrate Scores. As price is a common consideration for drivers, we analyzed quoted premiums based on 40-year-old male and female drivers with a 2020 Toyota Camry. This profile, assessed across more than 35,000 ZIP codes in the U.S., provided a basis on which drivers may compare each provider.
While coverage options, insurer availability, affordability and customer experience are often the top priorities, Bankrate also analyzed each insurer’s online and mobile resources for policy management and claims handling. Insurance is rapidly evolving to keep pace with our digital world, so these aspects also carried weight in determining Bankrate Scores.