How Much Is Car Insurance in Georgia? (2023 Averages)
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Your coverage amount and driver profile determine the cost of your car insurance. On average, the annual cost of car insurance in Georgia is $1,638. Drivers can save money by purchasing a minimum coverage policy for $977 per year. If you add a young driver to your policy or incur a driving violation, the average cost of your car insurance increases significantly to $5,022 and $2,110 per year, respectively.
Another factor that impacts the cost of car insurance is your selected provider. A full coverage policy from Progressive costs $2,223 per year, on average, but a policy with similar coverage will only cost $1,372 per year from Nationwide.
The Average Cost of Car Insurance in Georgia
While there can be many factors that affect your risk level as a driver, such as your marital status, prior insurance coverages and the type of vehicle that you drive, some categories are more impactful than others. For example, age and poor credit scores are the biggest factors that increase Georgia car insurance rates. See how we calculated the average cost for different driver profiles.
Average Costs of Car Insurance in Georgia
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- DriverAverage Annual PremiumAverage Monthly Premium
- The Average Driver$1,638$137
- Drivers Buying Minimum Coverage$977$81
- Adding a Young Driver$5,022$418
- Drivers With a Violation$2,110$176
- Drivers With Poor Credit$2,955$246
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Why Are Car Insurance Rates Reasonable in Georgia?
How much car insurance costs in Georgia also depends on several state-specific variables. Comparing the data to see how car insurance rates differ by state, MoneyGeek found that Georgia has moderately priced car insurance due to a moderate urban population share, traffic density, rate of uninsured drivers and rate of vehicle theft.
Only half of the population in Georgia live in urban areas, subsequently lowering traffic density. Since there is an average number of vehicles on the road, there is an average chance of an accident as well. Lastly, Georgia does not experience frequent natural disasters.
Average Cost of Car Insurance in Georgia: Full Coverage vs. Minimum Coverage
Rates primarily vary based on coverage level, specifically whether a driver wants full coverage or a minimum coverage policy.
The average cost of full coverage car insurance in Georgia is $1,638 per year. This includes comprehensive and collision insurance. Choosing a policy with minimum coverage will cost just $977 per year on average. There is a cost difference of roughly $661 per year between a policy with full coverage and one with only the state’s minimum requirements.
Average Cost of Car Insurance in Georgia by Coverage Level
A state-minimum policy in Georgia is the cheapest car insurance that you can find.
You can still upgrade your policy to have 50/100/50 or 100/300/100 in liability insurance. These figures – 50/100/50 and 100/300/100 – stand for different liability coverage levels. For example, 50/100/50 includes the following coverage levels:
- $50,000 in bodily injury liability insurance per person
- $100,000 in bodily injury liability insurance per accident
- $50,000 in property damage liability insurance per accident
A full coverage policy has comprehensive and collision insurance and reimburses you for damages to your vehicle.
Average Cost of Car Insurance in Georgia By Company
Comparing companies should be one of the first steps when shopping for car insurance as it can have a big effect on your rates. Some companies could offer a much cheaper rate than others for the same coverage.
In Georgia, Nationwide offers the cheapest full coverage policy at $1,372 per year on average. GEICO, on the other hand, offers the cheapest liability-only coverage at an average of $722 per year. USAA rates are even more affordable, but their coverage is only available to military families.
For comparison, the most expensive full coverage is offered by Progressive at an average of $2,223. The most expensive average minimum liability coverage is from MetLife for around $1,437 per year.
Average Annual Costs of Car Insurance in Georgia - By Company
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- CompanyMinimum CoverageFull Coverage
- $493$931
- $897$1,372
- $841$1,394
- $780$1,414
- $796$1,447
How Much Is Car Insurance in Georgia by Age?
Car insurance companies in Georgia also take the driver’s age into account when determining rates. The average car insurance cost in Georgia for young drivers is high because they are riskier to insure.
Rather than getting their own policy, young drivers can save when they are added to their parents’ policy. The average annual rate for a 16-year-old driver in Georgia is $5,022, while a 40-year-old will pay around $1,638 for similar coverage.
Driving experience is also taken into consideration. This is why first-time drivers may see the same rates as young drivers getting an insurance policy because both are technically new to driving.
Average Costs of Full Coverage Car Insurance in Georgia - By Age
How Does Driving History Affect Car Insurance Costs in Georgia?
A bad driving record can significantly affect car insurance rates. Drivers with speeding tickets and a history of accidents on the road pay more for insurance because they are riskier to insure.
In Georgia, a driver with a speeding ticket pays around $472 more per year than a driver with a clean record. The rates will even be higher for drivers with severe violations like traffic accidents and DUIs. A Georgia driver with a DUI can expect to pay nearly $1,300 more per year on average than a driver with a clean record.
Average Costs of Full Coverage Car Insurance in Georgia - By Driving History
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- Driving ViolationAnnual Premium
- Safe Driver$1,638
- Speeding Ticket$2,110
- At-Fault Accident$2,738
- DUI$2,929
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Credit Scores and the Cost of Car Insurance in Georgia
A person’s credit score is a good indicator of financial reliability, which is why many insurance companies look at this aspect in calculating Georgia car insurance rates.
You can save a lot on your premiums if you have an excellent credit score, and you will pay much more if you have a bad one.
A driver with an excellent credit score pays roughly $322 less than a driver with a good credit score in this state. However, between drivers with good and bad credit scores, drivers with bad credit pay an average of $1,169 per year more.
Average Costs of Full Coverage Car Insurance in Georgia - By Credit Score
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- Credit ScoreAnnual Premium
- Excellent$1,464
- Good$1,786
- Fair$2,090
- Below Fair$2,484
- Poor$2,955
How Much Is Car Insurance in Your City?
Aside from statewide laws and regulations, different rules also apply within cities. That’s part of why rates not only differ between states but also between cities within those states.
If you live in a densely populated city in Georgia, especially if it has a high frequency of road accidents, vehicle theft or vandalism, you will probably pay higher insurance rates than those who live in rural areas.
In Georgia, Athens has the cheapest average car insurance rates among major cities at $1,173 per year, while Atlanta is the most expensive city for auto insurance at an average of $1,638 per year.
Average Costs of Full Coverage Car Insurance in Georgia - By City
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About Mark Fitzpatrick
sources
- Office of Commissioner of Insurance and Safety Fire. "Auto Insurance." Accessed September 9, 2021.