Best Homeowners Insurance in Georgia 2020

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In Georgia, the current homeownership rate is 63.8 percent, which is about the same as the U.S. national average. The median property value in the state is $189,900, which is cheaper than the national average of $229,700. Owning a home in Georgia might be less expensive than buying property elsewhere, but it’s still essential to have a good homeowners insurance policy.

While Georgia law does not require you to have homeowners insurance, your lender likely will require it if you have a mortgage. However, unless you can pay out of pocket to replace your home without taking a hit to your quality of life, homeowners insurance is a smart investment.

To choose the right company and policy for you, compare premium costs, coverage limits, types of coverage and company ratings through trusted sources such as J.D. Power, AM Best and the Better Business Bureau. Georgia homeowners may want to consider hazard insurance and add-on options such as windstorm and hail insurance (especially for those near the coast), flood insurance and earthquake insurance if your home is near a fault line.

The top home insurance companies in Georgia

To pick the best Georgia homeowners insurance providers, we reviewed ratings from J.D. Power’s 2019 Home Insurance Study for customer satisfaction, AM Best and the Better Business Bureau. Next, we considered the coverage options within the state of Georgia. After that, the selection was narrowed down to these final five by comparison of premium rates and policy options.

When choosing from these companies, more will go into your decision than ratings. Pick the homeowner insurance company that provides the coverage you need. Compare these options to see which best fits you and your home.

J.D. Power score AM Best rating BBB rating
Allstate 3 out of 5 A+ A+
Amica Mutual 5 out of 5 A+ A+
Auto Club of Southern California Insurance Group 4 out of 5 Not rated A+
Country Financial 3 out of 5 A+ A+
State Farm 4 out of 5 A++ A

Allstate

Allstate might be best known for selling car insurance, but the company also offers comprehensive home insurance policies. Allstate offers the basic coverages, including a few add-on policies, like flood insurance and HostAdvantage® for Airbnb hosts. If you’re looking to save money, Allstate offers several discounts. You can save money if you have an anti-theft device in your home, are retired, are a recent home buyer or live in a smoke-free home. You’ll also automatically save 10 percent when you switch to Allstate from another provider.

Amica Mutual

Amica Mutual consistently receives excellent reviews. The company earned the top spot in J.D. Power’s home insurance study, an A+ rating from AM. Best and an A+ rating from BBB. Amica is known for offering flexible home insurance coverage, good discounts and helpful customer service. Amica is one of the only companies that sell dividend home insurance policies, which means you can get back up to 20 percent of your annual premium.

Auto Club of Southern California

Auto Club of Southern California, more commonly known as AAA, offers high-quality home insurance to Georgia homeowners. AAA allows you to fully customize your insurance policy, which means you only have to pay for the coverage you need. The company offers a variety of add-on coverages, like small claim forgiveness under $250, a disappearing deductible program and additional coverage for green homes.

Country Financial

Country Financial has a unique approach to home insurance. The company offers insurance in three tiers—basic coverage, premier coverage and combined coverage. With premier coverage, you can access unique coverage for things like countertop burns and paint spillage. Country Financial also offers a few optional coverages, including flood insurance, earthquake insurance and identity theft expense coverage.

State Farm

State Farm is rated four out of five in J.D. Power’s study and has an A++ rating from AM Best. State Farm is known for offering good home insurance coverage, affordable rates and helpful online resources. On the Simple Insights® blog, you’ll find articles about purchasing home insurance for the first time, creating a home inventory, and more. You can also use the highly-rated mobile app to file a claim and manage your policy from anywhere.

Average homeowners insurance cost in Georgia

The average cost of homeowners insurance in Georgia was $1,267 in 2017, according to the Insurance Information Institute. The national average for homeowner’s insurance was $1,211 for the same year.

To determine the average cost of homeowners insurance in Georgia, we got sample quotes. We used the profile of a 35-year-old single male with a $252,000 home within ten miles of a fire department. We used the basic policy package by each provider and did not include any extra coverages.

  • Allstate: $228 monthly, $2,731 annually.
  • Amica Mutual: $195 monthly, $2,343 annually
  • Auto Club of Southern California Insurance Group: No online estimate available
  • Country Financial: No online estimate available
  • State Farm: $116 monthly, $1,392 annually

The average price of homeowners insurance in Georgia is only a few dollars above the national average. However, some of the factors that contribute to the state average rate are environmental factors such as windstorms, hail and flooding. It is also intertwined with economic elements such as the average cost of living in the state, property taxes and income taxes. The surrounding states followed the same trend as Georgia and are all above the national average, except for Tennessee.

State Average premium
Georgia $1,267
Alabama $1,433
Florida $1,951
South Carolina $1,269
Tennessee $1,196
United States $1,211

Home insurance coverage options in Georgia

Few coverage options for home insurance coverage are state-specific, but some can be more important in some states than others. Specifically, these coverage options deal with environmental threats that are present in the region of the home being insured. These are insurance options important in Georgia.

  • The structure of the home: This covers the physical structure of the house including walls, floors and roofing.
  • Personal belongings: This covers the possessions within your home and on your property.
  • Liability protection: If someone gets hurt on your property, you are legally responsible. Liability protection is insurance that pays for the bills associated with someone getting hurt on your property.
  • Additional living expenses: If your home is damaged to the point where you can’t live in it until it gets fixed, this coverage will pay for your hotel bills and living expenses during that time.
  • Flood: Water damage is often covered under different types, and your standard water damage coverage will not protect you in case of a flood. Georgia homeowners should learn the flooding history of their neighborhood and consider flood insurance if they are in a flood plain.
  • Windstorm and hail: Damage caused by windstorms and hail often isn’t covered under basic policies. For Georgians, especially near the coast, this can be a handy coverage add-on to get.
  • Earthquake: Earthquakes aren’t common in Georgia, but they are possible. If your home is near a fault line, you may want to add earthquake coverage to your homeowner insurance policy.

Common causes of home insurance losses in Georgia

Specific numbers for insurance loss by state are hard to come by, but aggregate data for the country reveals particular trends. With a little awareness about which threats for losses are greater than average in Georgia, you can make strategic choices about which types of coverage to get. In Georgia, you can expect above-average exposure to wind, hail, flooding and hurricanes.

According to the Insurance Information Institute, 38.2% of property damage claims across the country were from wind and hail, while 35.1% were from fire and lightning in 2017. These forms of damage are the primary threat to homes in the U.S., but even more so for Georgia, where the storms that produce these dangers are more common. As reported by the National Weather Service, dangerous storms in Georgia happen on a yearly basis.

Frequently asked questions

What is the best homeowners insurance in Georgia?

The full answer will depend on your situation, including but not limited to your budget, your property value and build, your property location and what kinds of coverage you want. Amica Mutual, however, received the best overall ratings.

How do I get homeowners insurance in Georgia?

Most homeowners insurance companies provide online tools for beginning the quote and application process. Your first step is to weigh the different companies and select one, then go to the website or call an agent to walk you through the process.

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

On top of the basics, you should consider extra coverage for flooding, wind and hail, hurricanes and earthquakes.

How much does homeowners insurance cost in Georgia?

On average, homeowners insurance costs $1,267 based on the data above, but this is just an average. The real cost of your home insurance in Georgia may be higher or lower, depending on your home, your credit history, the location of your home and the types of coverage and deductible you want.