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Best homeowners insurance in Georgia for 2022

Updated Dec 01, 2022
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How Bankrate chose the best home insurance companies in Georgia

Bankrate’s editorial team analyzed 2022 average quoted premium data from Quadrant Information Services for dozens of companies in Georgia. We also analyzed each company’s available coverage options, discounts, policy features and third-party ratings, including financial strength ratings from AM Best and customer service scores from J.D. Power. We used these factors to determine a proprietary Bankrate Score for each company, which is calculated on a 5.0 scale. The higher the Bankrate Score, the better the company performed across these categories. This Score can help you compare home insurance companies to find the best options for your needs.

Best home insurance companies in Georgia

If you are searching for the best Georgia home insurance companies, the following carriers might be worth considering:

Home insurance company Bankrate Score Average annual premium for $250K in dwelling coverage J.D. Power score AM Beat rating
State Farm 4.7 $1,932 835/1,000 A++
Chubb 4.4 $1,603 801/1,000 A++
Auto-Owners 4.3 $929 831/1,000 A++
Country Financial 4.2 $2,071 830/1,000 A+
Allstate 3.9 $1,250 829/1,000 A+

State Farm

If you want a local agent to handle your insurance needs, State Farm could be a good choice. The company is the largest U.S. home insurer, with a significant percentage of the market share. State Farm policyholders can add coverage for their jewelry and collectible items, hobby equipment and even lawn decorations. However, the company has the second-highest premium of any of the Georgia home insurers we reviewed and only offers a few discounts, including home security system discounts and roofing discounts.

Learn more: State Farm Insurance review

Chubb

Chubb is a global property and casualty insurer that specializes in high-value properties and offers numerous perks and coverage options to its customers. Its basic homeowners policy includes extended replacement cost coverage for both your home and belongings, and there are included extras such as HomeScan, which analyzes your home and alerts you to leaks, missing insulation and faulty electrical connections before you need to make a claim. Chubb’s average premium is higher than Georgia’s average, but if you have a high-value home, the top-notch coverage could be worth it.

Learn more: Chubb Insurance review

Auto-Owners

If you are looking for the cheapest average homeowners insurance premium, it could benefit you to get a quote from Auto-Owners, as it offers the lowest average premium in Georgia out of the companies on our list. The company’s average Georgia homeowners insurance premium is $995 per year for $250,000 in dwelling coverage, which is much lower than the Georgia state average of $1,373 per year. However, Auto-Owners has more limited customer service hours compared to many larger insurers.

Learn more: Auto-Owners Insurance review

Country Financial

Country Financial has a unique approach to home insurance. The company offers insurance in three tiers — basic coverage, combined coverage and premier coverage. With premier coverage, you can access unique coverage for things like paint spillage. Although its average premium is the highest on our list, Country Financial also offers several discounts that might help you save, like a wiring age discount, new roof discount, safe heat discount and multi-policy discount.

Learn more: Country Financial Insurance review

Allstate

Allstate might be a good option if you are looking for a Georgia home insurance policy that you can tailor to your specific needs. The company’s list of endorsements is extensive and includes yard and garden coverage, green home reimbursement and electronic data recovery. Allstate also offers numerous discounts that might help you save, including welcome and loyalty discounts, a responsible payer discount and an early signing discount. However, the company does have a complaint index from the National Association of Insurance Commissioners (NAIC) that is double the industry baseline of 1.0.

Learn more: Allstate Insurance review

How much is homeowners insurance in Georgia?

On average, Georgia homeowners pay $1,373 annually for homeowners insurance with $250,000 in dwelling coverage. This is slightly lower than the national annual average cost of homeowners insurance, which is $1,383 per year.

Home insurance premiums vary from state to state, including in the Southeast. For example, at an average cost of $1,648, Florida homeowners pay a couple hundred dollars more per year for the same level of coverage. Plus, home insurance rates in Alabama and Tennessee are similar to Florida’s rates, making homeowners insurance in both states more expensive, on average, than Georgia.  Although Georgia is near the coast, it does sit slightly inland, which may offer some protection from storms and account for Georgia’s lower average premiums.

Home insurance in Georgia

Although Georgia experiences fewer high-strength hurricanes than Florida, the state still experiences the risk of storm damage from hurricanes, tornadoes and heavy rains. The average cost of insurance is also intertwined with economic elements such as the average cost of living in the state, property taxes and income taxes.

Home insurance risk factors in Georgia

Because every state has different risks, there are different geological considerations when it comes to home insurance. To best protect your finances, it helps to understand the common causes of home damage in Georgia, as well as what insurance options are available to cover these causes of loss.

Common causes of loss in Georgia

With awareness about which threats are the most common in Georgia, you can make strategic choices about which types of coverage to get. Hurricane damage is one of the most prevalent risks in the Peach State. Although August 2021’s Hurricane Ida spared the state a direct hit, parts of Georgia were impacted by the remnants of the storm. In 1994, Tropical Storm Alberto dumped over 25 inches of rain in less than 24 hours on parts of the state, killing 34 people and displacing over 50,000 more.

In Georgia, you can expect above-average exposure to:

  • Flooding: Many areas of Georgia are at a high risk for flood damage, with the average National Flood Insurance Program (NFIP) claim payout at over $26,000. Because flooding is not covered by home insurance (flood coverage requires a separate policy), the risk of floods in the state should not affect the price you pay for home insurance, but may still be a consideration for what kinds and amounts of coverage you purchase.
  • Hurricanes: Georgia’s coastal position comes with the risk of hurricane damage, which can be widespread and devastating.
  • Tornadoes: Although Georgia is not in Tornado Alley, it is prone to significant tornadic activity Although most tornado damage comes from high winds, hail is also common with these convective storms.

Now that you are aware of the common causes of home damage in Georgia, you can choose coverage to protect your property from these potential hazards more wisely.

Home insurance coverage options in Georgia

In addition to standard homeowners insurance coverage types like dwelling coverage, liability, personal property and loss of use, you may want to consider additional coverage to protect yourself against Georgia’s common causes of loss:

  • Flood insurance: Flood damage is not typically covered under a homeowners insurance policy. While the coverage is helpful to add to your policy, you will likely be required to purchase a separate flood insurance policy from either NFIP or a private flood insurer if your home is in a high-risk flood zone. Some home insurers offer endorsements for flood coverage.
  • Windstorm coverage: Most policies cover wind damage automatically, but if you are in a high-risk area, you may need a separate policy or endorsement. Even if your homeowners insurance policy does cover wind damage, you may have a separate wind deductible for named tropical cyclones.
  • Roof replacement cost: If your roof is newer or in good condition, you may qualify for roof replacement cost coverage. If your roof is damaged, you will get the full replacement cost for repairs or a new roof, rather than seeing depreciation taken out of your settlement.

Because Georgia has a relatively high risk for storm-related damage, working with a licensed insurance agent to choose endorsements could be beneficial.

Frequently asked questions

Written by
June Sham
Insurance Writer

June Sham is an insurance writer for Bankrate. Before joining the team, she worked for nearly three years as a licensed producer writing auto, property, umbrella and earthquake policies.

Edited by Insurance Editor
Reviewed by Director of corporate communications, Insurance Information Institute