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Georgia Car Insurance
Car insurance laws and requirements aren t the same in every state. Georgia drivers are in the right place to learn how to buy the best car insurance coverage for their particular situations by reviewing policy recommendations and comparing rates. We outline average car insurance rates in Georgia by ZIP code so you can see what to expect to pay. We also provide details about car insurance laws in Georgia.
The average car insurance rate in Georgia is $1,340 a year, according to an analysis of rates across the state. The price you pay for car insurance is based on the severity and frequency of claims in your neighborhood, your driving record, the type of car you drive, your credit and other factors. And each insurer uses its own formula to calculate your rate after reviewing this information about you. That s why the price for the same coverage can vary by hundreds of dollars among insurance companies and why you should compare rates. For example, in Atlanta, $2,300 is the highest rate among six carrires for ZIP code 30310. That s $1,323 more than the lowest ($977). To get an idea of what rates are for your area, enter a ZIP code to see the average premium for that location. You will also see the highest and lowest rates from the six major carriers surveyed. This way you can tell if your quotes are too high and if you should keep shopping for a lower rate.
Cheap car insurance in Georgia
Georgia car insurance requirements
You must have at least minimum liability coverage limits of 25/50/25 to drive in Georgia. Buying the state required limits is definitely the cheapest way to go. But your assets and savings aren t shielded from lawsuits and you won t be covered for damage to your own car.
It does cost more to buy more protection, but as you ll see in the chart below, additional coverage is typically affordable. Increasing your insurance from the state minimum to full coverage with a $500 deductible costs, on average, $808 more, or $67 a month.
$500 Comp/Collision deductible
*The table shows the average annual rate of nearly every ZIP code in Georgia from up to six major insurance companies. Rates are for a male driver, age 40, with a clean record and good credit for a 2016 Honda Accord. Data was provided for CarInsurance.com by Quadrant Information Services.
Recommended car insurance coverage
Deciding how much car insurance to buy depends on a few factors. To drive legally, you must buy at least the minimum liability insurance required by your state. If your car isn t financed or leased and you don t have a lot of money or assets to protect, that might be a wise choice. If, however, you don t own your car outright, you will be required to get additional comprehensive and collision coverage. Additionally, if you want to shield your home and savings from lawsuits, it s prudent to buy more coverage. If you want more protection, it will cost more, but as you ll see in the chart below, additional coverage is typically affordable. Boosting coverage from the state minimum to full coverage with a $1,000 deductible costs, on average, $533 more, or $44 a month.
We recommend you buy more insurance than is required to legally drive a car in your state, especially if you have savings and assets. If your net worth is:
- less than $50,000, choose at least 50/100/50
- between $50,000 and $100,000, choose at least 100/300/100
- more than $100,000, choose at least 250/500/100
If you’re leasing or financing your car, you must get coverage of 100/300/100 or higher.
Collision and comprehensive
Collision and comprehensive are optional. In Georgia, the average cost per year for collision is $313. Comprehensive costs $151. Collision coverage pays for damage to your car after an accident that you cause. Comprehensive insurance pays to replace stolen cars and for damages from vandalism, flooding, hail, fire and animal strikes. If your car is:
- less than 10 years old, you should strongly consider buying collision and comprehensive.
- more than 10 years old, only buy collision and comprehensive if your car is worth $3,000 or more, if you couldn t afford to replace your car if it s wrecked, or if you just want more protection on your policy.
Uninsured motorist coverage and underinsured motorist coverage pays for damages if you re hit by a driver with no insurance or a driver with coverage that s insufficient to pay for your repairs and medical expenses. These are also optional.
Medical coverage (MedPay)
Medical payments coverage can help pay for the medical or funeral expenses of covered drivers and passengers after an accident, regardless of fault, up to $25,000. In most states, including Georgia, it’s an optional addition to your car insurance policy. MedPay does the following:
- Covers you and your passengers medical expenses
- Pays for expenses after health insurance limits are exceeded
- Offers additional protection to insured drivers who are hit by a car while walking or biking
If you and your passengers:
- Don t have health insurance, or have a plan that doesn t cover car accidents or has low limits, we recommend that you add medical coverage of at least $5,000 to your car insurance policy.
- Do have health insurance, it s still a good idea to have medical coverage if you want the best protection in your policy, as it can pay out after your health benefits are maxed out.
If you don t own your car outright and have an accident, gap insurance pays the difference between the cash value of your car and the current outstanding balance on your loan or lease.
- If you re financing your car, your car is less than one year old and you ve put less than 20 percent down on it, you should buy gap insurance. If not, you don t need gap insurance.
- If you re leasing your car, it s a good idea to buy gap insurance if you aren t already required to in your lease agreement.
- If you own your car outright, you don t need gap insurance.
Georgia car insurance rates by company
Below you’ll see average annual rates for Georgia, ranked cheapest to most expensive, for three coverage levels:
- State minimum liability requirements
- Liability limits of $50,000 per person/$100,000 per accident and $50,000 property damage
- Liability of $100,000 per person/$300,000 per accident and $100,000 property damage, with comprehensive and collision at $500 deductible