Average Cost of Homeowners Insurance in Georgia (2024)


fact checked icon

Updated: May 22, 2024

Advertising & Editorial Disclosure

In Georgia, the average homeowners insurance premium in 2024 is $2,004, lower than the national average of $2,423. Aside from coverage amount, credit rating influences premiums the most, with a range from $1,607 to $10,066 based on creditworthiness.

If your rates have recently increased, our analysis of the cheapest plans in Georgia could be your guide to more affordable coverage. Remember, the insurance provider you choose also plays a role in determining your premium.

Home Insurance Calculator

MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — it’s free, no personal information required, no spam.

High
Average
Low

Rates updated:

Jul 22, 2024

Shield Insurance
Why You Can Trust MoneyGeek

Although MoneyGeek partners with some of the companies we recommend, our content is written and reviewed by an independent team of writers, editors and licensed agents. Learn more about our editorial policies and expert editorial team.

To establish the average cost of homeowners insurance in Georgia, MoneyGeek used quotes from various providers for a profile that reflects the average homeowner.

recency icon

These rates reflect the average cost of car insurance in Georgia as of 2024.

1.9 MQuotes Analyzed
 
eightCompanies Compared
 
20ZIP Codes

Average Cost of Home Insurance in Georgia by Coverage Amount

In Georgia, homeowners insurance averages $2,004 for policies with $250K in dwelling coverage, $125K in personal property coverage and $200K in liability coverage. This cost is less than the national average of $2,423.

It's important to selecti the right amount of coverage. Your policy should be sufficient to rebuild your home in the event of a total loss. It should also cover your personal property, additional structures and liability.

Coverage choices impact your premium. In Georgia, a policy offering $100K in dwelling coverage costs an annual premium of $1,104. If you own a larger property and need $500K in dwelling coverage, the average premium is $3,620. These premiums reflect the value of the property insured and the level of protection provided.

Average Annual Home Insurance Premium Georgia by Coverage Amount
$100K Dwelling / $50K Personal Property / $100K LiabilityAverage Annual Premium$1,104
$250K Dwelling / $125K Personal Property / $200K LiabilityAverage Annual Premium$2,004
$500K Dwelling / $250K Personal Property / $300K LiabilityAverage Annual Premium$3,620
$750K Dwelling / $375K Personal Property / $500K LiabilityAverage Annual Premium$5,267

Average Cost of Home Insurance in Georgia by Insurer

Premiums for homeowners insurance in Georgia vary significantly among providers, even for comparable coverage levels. For instance, Auto-Owners Insurance offers a notable decrease from the state average, while State Farm's premium sits at the higher end of the spectrum.

For those searching for the right balance of cost and coverage, there are plenty of great providers in Georgia. Differences in underwriting processes, coverage options and company discounts can influence the rates you receive.

Average Annual Home Insurance Premium Georgia by Provider
Data filtered by:Results filtered by:
Coverage:
Coverage:$250K Dwelling / $125K Personal Property / $200K Liability
Auto-Owners InsuranceAnnual Premium$1,501
AllstateAnnual Premium$1,819
USAAAnnual Premium$1,936
FarmersAnnual Premium$1,947
TravelersAnnual Premium$1,956
ChubbAnnual Premium$2,056
NationwideAnnual Premium$2,401
State FarmAnnual Premium$2,414

Average Cost of Home Insurance in Georgia by Credit Score

Homeowners in Georgia with poor credit ratings pay an average annual premium of $10,066 for homeowners insurance, which is $8,062 more than the state average of $2,004. Conversely, those with excellent credit pay $1,607 annually, saving $397 below the average.

While you may not be able to improve your credit score immediately, you can enhance it over time to lower your rates. In the short term, you can compare insurers to see which will save you the most.

Average Annual Home Insurance Premium in NJ by Credit Rating
Data filtered by:Results filtered by:
Coverage:
Coverage:$250K Dwelling / $125K Personal Property / $200K Liability
PoorAnnual Premium$10,066
Below FairAnnual Premium$4,640
FairAnnual Premium$2,758
GoodAnnual Premium$2,004
ExcellentAnnual Premium$1,607

Average Cost of Home Insurance in Georgia by Construction and Roof Type

The type of roof on your home plays a role in determining your homeowners insurance premium. In Georgia, materials that are more durable, like tile, can lead to lower insurance costs. On the other hand, less resilient materials such as shake-treated roofs may result in higher premiums.

Similarly, the construction type of your home affects your insurance rates. Homes built with materials that are more resistant to common perils like fire, classified as superior construction, often have lower insurance premiums. Conversely, standard frame construction, which may not be as resilient to severe weather, tends to come with higher insurance costs.

Use the drop-downs in the table below to see how premiums change based on your home's materials.

Average Annual Home Insurance in Georgia by Construction and Roofing Type
Data filtered by:Results filtered by:
Construction:
Construction:Frame
Roof Type:
Roof Type:Composition
$100K Dwelling / $50K Personal Property / $100K LiabilityAnnual Premium$1,104
$250K Dwelling / $125K Personal Property / $200K LiabilityAnnual Premium$2,004
$500K Dwelling / $250K Personal Property / $300K LiabilityAnnual Premium$3,620
$750K Dwelling / $375K Personal Property / $500K LiabilityAnnual Premium$5,267
$1M Dwelling / $500K Personal Property / $1M LiabilityAnnual Premium$6,959

Average Cost of Home Insurance in Georgia for Newly Constructed Homes

Insuring new construction in Georgia typically costs less than covering an existing home. The average annual premium for new homes is $1,250, showing a $754 decrease from the $2,004 average for older homes. The table below illustrates how premiums vary between new and existing homes based on the coverage amount selected.

Average Annual Home Insurance Premiums: New vs. Existing Construction
Data filtered by:Results filtered by:
Coverage:
Coverage:$250K Dwelling / $125K Personal Property / $200K Liability
Existing Construction (2000)Annual Premium$2,004
New Construction (2023)Annual Premium$1,250

Average Cost of Home Insurance in Georgia by Claims History

In Georgia, homeowners with a claim-free history of five or more years pay an average annual premium of $2,004 for their insurance. However, filing just one claim in the past five years can increase that average premium to $2,399, which is $395 more than those without claims. For homeowners with two claims within the same timeframe, the average jumps to $2,740, marking a $736 increase from the claim-free baseline. These figures underscore the impact that claims history can have on insurance costs in the state.

Average Annual Home Insurance in Georgia by Claims Experience
Data filtered by:Results filtered by:
Coverage:
Coverage:$250K Dwelling / $125K Personal Property / $200K Liability
Claim free for 5+ yearsAnnual Premium$2,004
1 claim in past 5 yearsAnnual Premium$2,399
2 claims in past 5 yearsAnnual Premium$2,740
mglogo icon
GEORGIA NATURAL DISASTERS AND HOME INSURANCE

In Georgia, hurricanes, tornadoes and wildfires pose the greatest threats to homes. While homeowners insurance typically covers damage from wildfires and tornadoes, it doesn't cover floods. Understanding what your policy covers is key.

Average Cost of Home Insurance by City in Georgia

For the cities we analyzed, we found premiums ranging from $1,691 to $3,092 per year. In Athens-Clarke, homeowners insurance averages at $1,691 annually, while Savannah's average is notably higher at $3,092.

Location impacts premiums due to varying risks like crime rates and weather patterns. City-based factors can be as influential as credit ratings and coverage amounts on insurance costs.

Average Annual Home Insurance Premium by City
Data filtered by:Results filtered by:
Coverages:
Coverages:$250K Dwelling / $125K Personal Property / $200K Liability
Athens-ClarkeAnnual Premium$1,691
AtlantaAnnual Premium$2,017
Augusta-RichmondAnnual Premium$1,910
ColumbusAnnual Premium$2,054
Macon-BibbAnnual Premium$1,927
Sandy SpringsAnnual Premium$1,810
SavannahAnnual Premium$3,092
ValdostaAnnual Premium$1,950

How to Shop for Home Insurance in Georgia

Shopping for home insurance in Georgia can be a smooth process, and a good deal is within reach. By understanding the market and knowing what influences costs, you're on your way to finding the best deal for you. Here's how to find the best deal for you.

1
Understand Your Needs

Assess how much coverage you need.

2
Shop Around

To find the best rates, compare home insurance quotes.

3
Check for Discounts

Ask about bundles and discounts.

4
Review Company Ratings

Choose insurers with good claims experiences.

5
Consider Your Deductible

Higher deductible can mean lower premiums.

6
Finalize Your Policy

Buy the policy that suits your needs.

Bundling Home Insurance With Auto Insurance in Georgia

Homeowners can enjoy potential savings by bundling their home and auto insurance policies in Georgia. MoneyGeek's analysis reveals that the average savings on the combined cost of auto and home insurance can range from $369 to $1,031 per year, with an average percentage savings of about 16%. Opting for a multipolicy bundle might not only simplify your insurance management but also provide a substantial discount.

Home Insurance Discounts in Georgia

Georgians can benefit from various homeowners insurance discounts.

  • Claims-free discount: Savings for no claims in past years.
  • Protective devices discount: Reduced rates for installing safety devices.
  • Gated community discount: Discounts for homes in gated communities.

Remember, to maximize your savings potential, inquire about all available discounts when requesting a quote.

FAQ: Homeowners Insurance in Georgia

On average, what is the cheapest insurer in Georgia?
Is tornado coverage included in Georgia homeowners insurance?
Is flood coverage included in Georgia homeowners insurance?
What is the biggest factor that impacts the price of homeowners insurance in Georgia?
In Georgia, how much can I save on average by bundling my homeowners insurance with auto?

Additional Resources for Homeowners Insurance in Georgia

For those seeking further information on homeowners insurance in Georgia, the following resources can provide valuable guidance:

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.