When looking for the best Georgia homeowners insurance, there are many factors to consider. First, 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 entirely 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.
Best home insurance in companies in Georgia
To pick the best Georgia homeowners insurance providers, we compared their ratings within the J.D. Power report for customer satisfaction with homeowners insurance, AM Best and the Better Business Bureau. Next, they were winnowed down based upon 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 just their ratings. It’s vital to pick the homeowner insurance company that provides the coverage you need. Compare these options to see which best fits you and your home.
- Allstate: Allstate made our list due to its above-average ratings, commitment to the community and a broad range of coverage options and discounts. Allstate is ideal if you want to bundle policies because of their wide range of typical coverage options and a few unique choices such as identity theft protection, snowmobile, pet, event and retirement insurance.
- Amica Mutual: Amica Mutual has the highest ratings while still providing affordable and comprehensive coverage. Amica Mutual is the highest rated homeowner insurance company across our three third-party evaluators. Amica also has several coverage options including condo, renters, umbrella, marine, wedding and event and flood insurance.
- Auto Club of Southern California Insurance Group: AAA was chosen based on its high ratings, availability and the broad diversity of its clubs. AAA has numerous clubs that offer unique discounts and policy options, allowing customers to shop around even within the company. Coverage options depend on your club and location.
- Country Financial: Country Financial was chosen for its above-average ratings, range of coverage and low frequency of customer complaints. This provider has several insurance products, including boat, recreational vehicles, landlord, mobile home, life, business, farm and ranch, crop, and pet.
- State Farm: We chose State Farm for its excellent ratings, the live agent presence and the breadth of homeowner insurance policies. State Farm offers numerous policy add-ons and has an abundance of locations with live agents for customers who prefer direct interaction.
|J.D. Power||AM Best||BBB|
|Amica Mutual||5 out of 5||A+||A+|
|Auto Club of Southern California Group||4 out of 5||NA||A+|
|State Farm||4 out of 5||A||A+|
|Allstate||3 out of 5||A+||A+|
|Country Financial||3 out of 5||A+||A+|
Average homeowners insurance cost in Georgia
The average cost of homeowners insurance in Georgia was $1,103. The national average for homeowner’s insurance was $1,228 for the same year.
Average quotes for the best Georgia homeowners insurance companies are as follows. These quotes were obtained using this profile: 35-year-old single male, insuring a $252,000 home within 10 miles of a fire department, taking no extra coverages, and using only the basic policy package provided by each homeowners insurance company.
- Amica Mutual: 195 monthly and 2,343 annually
- Auto Club of Southern California Insurance Group: No online estimate available
- State Farm: $116 monthly, $1,392 annually.
- Allstate: $228 monthly, $2,731 annually.
- Country Financial: No online estimate available
The average price of homeowners insurance in Georgia is about $200 above the national average. This is partly due to 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.
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.