The Best Cheap Homeowners Insurance in Athens, Georgia for 2022: Quotes and Reviews
On average, homeowners insurance in Athens, Georgia, costs $1,462 annually or $122 per month. However, rates vary significantly by company.
Farmers offers the cheapest homeowners insurance at an average cost of $601 annually, while State Farm, the most expensive company, charges $2,343 per year. You can save as much as $1,742 by shopping around.
MoneyGeek also ranked the best homeowners insurance companies in Athens for those looking for a combination of cost and quality.
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The Cheapest and Best Homeowners Insurance in Athens
The Cheapest Home Insurance Companies in Athens
Since many insurance companies in Athens offer the same core coverages, it’s important to consider cost when picking a policy. MoneyGeek’s research shows that the following companies offer the cheapest homeowners insurance in Athens:
- Farmers: $601 per year
- ASI: $740 per year
We also found the cheapest homeowners insurance policies for expensive homes. The following companies offer the most affordable policies with $2 million in dwelling coverage:
- Farmers: $3,000 per year
- ASI: $4,488 per year
You can adjust the dwelling coverage limits in the table below to see how prices change.
The Cheapest Home Insurance in Athens, Ranked
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Homeowner insurance policies with initial baseline dwelling coverage have a personal property limit of $100,000, while the personal property limit of policies with $2 million in dwelling coverage is $40,000. All policies offer $100,000 in liability coverage.
If you don’t live in Athens, you can look up home insurance in Georgia for information about other cities.
The Average Cost of Homeowners Insurance in Athens for 2022
The average cost of home insurance in Athens is $1,462 per year, which is $685 less than the average cost in Georgia, and $641 less than the average cost of a homeowners policy across the U.S.
Calculate the Cost of Home Insurance in Athens
Your location in the state has a significant effect on the cost of a homeowners policy. However, insurance companies also consider the amount of dwelling coverage, personal property coverage, credit score and other important factors to determine home insurance costs. You can use MoneyGeek’s calculator to compare homeowners insurance quotes in Athens.
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These are annual estimates. Get a personalized quote to determine your costs.
The Best Home Insurance Companies in Athens
While shopping for the best homeowners insurance in Athens, you should consider several factors in addition to the policy’s cost. It’s also important to evaluate customer service and financial stability ratings. If you need to file a claim, it will likely be during a stressful time, so you want to ensure your insurer can deliver fair and quick processing.
MoneyGeek’s research shows that the following companies offer the best homeowners insurance in Athens:
- Best Overall: Farmers
- Runner-up: Auto-Owners Insurance Co
We ranked the home insurance companies based on affordability, user satisfaction and financial stability.
A Farmers home insurance policy in Athens costs an average of $601 per year. The company ranks high in affordability and customer service ratings. It offers various add-on options, including energy efficiency upgrade coverage.
Farmers’ energy efficiency upgrade coverage offers customers up to $25,000 to cover the replacement cost of home appliances with energy-efficient alternatives. The company also offers matching coverage, which means it will pay for the repair of your damaged property using the same type of original construction materials.Read MoneyGeek's Farmers home Insurance Review
On average, it costs $1,033 per year to buy a home insurance policy from Auto-Owners Insurance Co in Athens. The company is ranked third-highest for affordability, has the highest financial stability score and ranks fourth in customer service ratings. This insurer offers equipment breakdown coverage.
With Auto-Owners Insurance Co, you can get equipment breakdown coverage, which helps you cover the cost of mechanical or electrical equipment failures in your home. It also offers off-premises coverage, which covers the cost of any damages to personal property that you carry with you while on vacation. These coverages will add costs to your policy.Read MoneyGeek's Auto-Owners Insurance Co home Insurance Review
Cheapest Home Insurance Companies in Athens for Newly Constructed Homes
In Athens, insurance companies charge less to insure newly constructed homes, because these are built with resistant materials that are less prone to damage. This lessens the risk for insurers, so they quote cheaper rates for newer homes.
MoneyGeek found that home insurance for newly constructed homes costs an average of $1,072 per year in Athens, compared to an average of $1,462 per year for a home built in 2000.
We identified the following as the cheapest companies in Athens offering $250,000 in dwelling coverage for newly constructed homes:
- Farmers: $466 per year
- ASI: $417 per year
The Cheapest Home Insurance in Athens for New Homes, Ranked
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Cheapest Home Insurance Companies in Athens if You Have a Lot of Personal Property
A home insurance policy also protects you against damage to personal property you keep in your home. The more personal property coverage you need, the higher your insurance rate. MoneyGeek’s research shows that it costs $1,553 to get personal property limits of $250,000 with a standard policy, compared to an average cost of $1,462 for $100,000 in personal property coverage limits.
We found the following are the cheapest companies in Athens for personal property coverage limits of $250,000:
- Farmers: $621 per year
- ASI: $839 per year
Cheap Companies in Athens for Extra Personal Property Coverage
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Cheapest Home Insurance Companies in Athens for High Deductibles
A deductible also significantly affects the cost of a homeowners insurance policy. With a higher deductible, your insurance premium will be lower; however, you will pay more out of pocket if you file a claim. On average, a policy with a $2,000 deductible costs $1,321, compared to $1,462 for a policy with a $1,000 deductible.
According to MoneyGeek the following are the cheapest companies in Athens for high-deductible policies:
- Farmers: $564 per year
- ASI: $632 per year
The Cheapest Companies in Athens for High Deductibles, Ranked
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Cheapest Home Insurance Companies in Athens if You Have Poor Credit
In Athens, insurance companies analyze your credit score before giving you a homeowners insurance quote. If you have a low credit score, your policy will be more expensive. MoneyGeek’s research shows that homeowners with a bad credit history pay an average of $2,463 for a home insurance policy, compared to $1,462 for homeowners with good credit.
We found that the following companies offer the most affordable policies in Athens for homeowners with bad credit scores:
- Auto-Owners Insurance Co: $1,033 per year
- Farmers: $1,327 per year
The Cheapest Companies in Athens for Poor Credit, Ranked
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Getting Online Homeowners Insurance Quotes in Athens
If you’re looking for an online homeowners insurance quote in Athens, you will have to provide the following information to the insurance company:
- The replacement cost of your home: This is the total cost of rebuilding your home on the same site, and will be used to determine your dwelling coverage limits. The best way to estimate this cost is by hiring a building contractor or a construction professional.
- The value of your personal property: You’ll need to calculate the value of the items in your home, including furniture, clothes and more. Insurers use this value to determine your personal property coverage limits.
- Personal information: The insurer will ask for your address, number of people in the household, your insurance history and other important details.
- Information about your house: The insurer will inquire about the history of your house, its area, whether you have installed any safety devices and much more.
Homeowners Insurance in Athens Analysis: Methodology
MoneyGeek analyzed home insurance premiums from 10 companies in Athens, Georgia. The data used in this guide was provided in partnership in Quadrant and quotes were collected for a home with varying coverage levels to calculate affordability scores. The base profile was for a home with 2,500 square feet, built in 2000 with dwelling coverage of $250,000, personal property coverage of $100,000 and liability coverage of $100,000. The policies had a $1,000 deductible. We also collected quotes for newly constructed homes, increased dwelling or personal property coverage, higher deductibles and poor credit scores. The customer satisfaction ratings were drawn from J.D. Power surveys.
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