In Georgia, the current homeownership rate is 64.1%, which is on par with the U.S. national average. The average cost of homeowners insurance in Georgia is $1,445 per year, or about $120 per month, for $250,000 in dwelling coverage, according to Bankrate’s 2022 study of quoted annual premiums. If you own a home in Georgia, having a homeowners insurance policy to protect your assets is an important part of your financial health.
If you want to find the best homeowners insurance in Georgia, you might first want to understand how to analyze a home insurer. There are several factors, including premium, that are important to consider. Knowing what to look for in Georgia homeowners insurance companies might help you find the right carrier, policy and coverage options for your needs.

Best home insurance companies in Georgia

Our first step in reviewing the largest Georgia homeowners insurance companies by market share involved acquiring 2022 average quoted premium information from Quadrant Information Services. We also researched available coverage options, discounts, policy features and customer satisfaction scores. We combined these factors to determine our proprietary Bankrate Score, calculated on a 5.0 scale. The higher the Bankrate Score, the better the company performed across categories.

If you are in the market for Georgia home insurance, the following companies might be a good starting point:

Home insurance company Bankrate Score Average annual premium for $250K in dwelling coverage J.D. Power score
State Farm 4.7 $1,911 835/1,000
Chubb 4.4 $1,754 801/1,000
Country Financial 4.2 $2,155 830/1,000
Allstate 3.9 $1,342 829/1,000
Progressive 3.7 $817 821/1,000

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 more than 17% 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

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 the best option if you are looking for a 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

Progressive

Progressive’s homeowners insurance policies are underwritten by American Strategic Insurance (ASI). If you are looking for the cheapest homeowners insurance premium, you might want to get a quote from Progressive, as it has the lowest average premium in Georgia on our list. The company’s average homeowners insurance premium, at $817 per year, is much lower than the state average of $1,445 per year in Georgia. However, Progressive’s policies are relatively basic and there are not many add-ons to personalize your coverage.

Learn more: Progressive Insurance review

How much is homeowners insurance in Georgia?

On average, Georgia homeowners pay $1,445 annually for homeowners insurance with $250,000 in dwelling coverage. This is slightly above the national annual average cost of homeowners insurance, which is $1,393 per year.

Home insurance premiums vary from state to state, including in the Southeast. For instance, Florida homeowners pay a couple hundred dollars more, at $1,637 per year, on average, for the same level of coverage. 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

What is the best homeowners insurance in Georgia?

The best homeowners insurance companies in Georgia will depend on your specific needs and preferences. Are you looking for the cheapest provider available? If so, you may want to get quotes from Progressive, which has the lowest average premium in Georgia of the providers on our list. However, keep in mind that your individual rate will depend on your personal characteristics such as claim history and coverage types chosen. Do you care most about customer satisfaction? If so, you may want to get quotes from companies that received the highest scores in J.D. Power’s 2021 U.S. Home Insurance Study, like State Farm and Allstate.

In addition to speaking with an independent insurance agent about your preferences, talking with family and friends about their experiences with their home insurance providers may also be helpful.

How do I get homeowners insurance in Georgia?

You’ll need to start by getting a home insurance quote. Many carriers offer online quotes, but you might need to call a company or visit a local agency. You will likely need to provide general information about your house, like the address, the year the roof was last replaced and information about any custom or unique features. You’ll also need your date of birth and possibly your Social Security number, as well as that information for any co-owners of the home. Once you have a quote that you’d like to proceed with, you may need to sign an application and make at least a month’s payment to start the policy, unless your insurance is paid from your mortgage escrow account.

What types of add-on coverage for homeowners insurance do I need in Georgia?

This varies based on your specific situation. Depending on where you live, you may want to purchase flood insurance, as 90% of U.S. natural disasters involve flooding, according to the Triple-I. Other common optional coverage options include identity theft, water backup, service line, equipment breakdown, scheduled property and business property coverage. Working with a local agent might help you determine what options you should consider.

How can I save on Georgia homeowners insurance?

There are several ways you can save on your home insurance. Getting quotes from several insurers to find a cheaper company may be helpful, but be sure that you are getting quotes for the same coverage and endorsements for an apples-to-apples comparison. Taking advantage of as many discounts as possible is another way to reduce your premium. Typically, bundling your auto and home coverage with the same insurer results in a significant discount on both policies. Maintaining or improving your credit score, avoiding filing small claims and choosing appropriate coverage could also help you save.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on 40-year-old male and female homeowners with a clean claim history, good credit and the following coverage limits:

  • Coverage A, Dwelling: $250,000
  • Coverage B, Other Structures: $25,000
  • Coverage C, Personal Property: $125,000
  • Coverage D, Loss of Use: $50,000
  • Coverage E, Liability: $300,000
  • Coverage F, Medical Payments: $1,000

The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).

These are sample rates and should be used for comparative purposes only. Your quotes will differ.

Bankrate Score

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 homeowners 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 home insurance companies satisfy these priorities, third-party agency ratings from J.D. Power, AM Best, S&P, NAIC, and Moody’s had the most impact on the companies’ Bankrate Scores. As price is a common consideration for homeowners, we analyzed quoted premiums based on 40-year-old male and female homeowners with a home policy with $250,000 in dwelling coverage. This profile, assessed across more than 35,000 ZIP codes in the U.S., provided a basis on which homeowners 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.

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