besthome insuranceAtlantaThe Best Cheap Homeowners Insurance in Atlanta, Georgia for 2023: Quotes and Reviews
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besthome insuranceAtlantaThe Cheapest and Best Homeowners Insurance in Atlanta
The Cheapest Home Insurance Companies in Atlanta
For Atlanta homeowners, the cost of insurance premiums can be an important factor when choosing a policy. That is because most companies in the city offer similar basic coverages.
On average, the best options for those looking for cheap homeowners insurance with $500,000 dwelling coverage are:
- Farmers: $1,236 per year
- ASI: $2,236 per year
The cheapest options for homeowners insurance policies with $2,000,000 dwelling coverage in Atlanta on average are:
- Farmers: $3,537 per year
- Chubb: $7,673 per year
The table below shows how prices can change as you adjust the dwelling coverage limit.
The Cheapest Home Insurance in Atlanta, Ranked
Dwelling Coverage:
$500,000
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All policies with initial dwelling coverage used in this study have personal property limits of $200,000. Meanwhile, the policies with dwelling coverage of $2,000,000 have personal property limits of $800,000. These policies have $100,000 in liability coverage.
If you live outside Atlanta, you can also evaluate homeowners insurance in Georgia.
The Average Cost of Homeowners Insurance in Atlanta for 2021
Atlanta$3,855
Georgia$2,147
U.S.$2,103
Homeowners insurance in Atlanta costs $3,855 per year on average. That is $1,708 more expensive than the state average, which is $2,147. Atlanta homeowners also pay $1,752 more than the average cost of home insurance in the United States, which is $2,103.
Calculate the Cost of Home Insurance in Atlanta
There are various factors impacting homeowners insurance Atlanta rates. Aside from location, you should also consider the dwelling coverage limits, personal property coverage limits, your credit history and other relevant details. You can start by comparing quotes using MoneyGeek’s home insurance calculator.
Home Insurance Calculator
State
Georgia
Dwelling Coverage
$250,000
Deductible
$500
Liability
$300,000
Personal Property
$50,000
Credit Score
Excellent
low end
on average
high end
These are annual estimates. Get a personalized quote to determine your costs.
The Best Home Insurance Companies in Atlanta
Aside from the annual premium, you should also consider the customer service and financial stability of insurance carriers when looking for the best homeowners insurance in Atlanta. Make sure the company can pay legitimate claims and process them quickly.
Based on MoneyGeek’s study, the best homeowners insurance providers in the city are:
- Best Overall: USAA (only available for current and former military members)
- Runner-Up: Farmers
MoneyGeek calculated the final scores of Atlanta home insurance companies based on affordability, user satisfaction and financial stability.
1
USAA
Score:96
USAA offers various discounts to its policyholders. There are discounts for homeowners who have protective security systems in place, and those who remain claims-free can qualify for discounts as well. If you are renting out a room or your home, you can get home-sharing coverage for the costs associated with being a landlord.
More About USAA
USAA ranks first based on high ratings across all categories, including a perfect score in customer satisfaction. Only current and former military members and their families are eligible to buy USAA policies.
Read MoneyGeek's USAA home Insurance Review2
Farmers
Score:94
One of the best features of Farmers policies is that they have a declining deductible. That means $50 is subtracted from your deductible for every year you hold a Farmers policy. The company also rewards homeowners who do not make claims. If you remain claim-free for five years, the company will not penalize you with higher rates if you make a claim.
More About Farmers
Farmers comes in second place. It ranked high across categories, especially in affordability.
Read MoneyGeek's Farmers home Insurance Review3
Chubb
Score:90
4
Allstate
Score:88
5
ASI
Score:87
6
Travelers
Score:86
7
State Farm
Score:86
8
Country Financial
Score:86
9
Nationwide
Score:86
10
Auto-Owners Insurance
Score:77
Cheapest Home Insurance Companies in Atlanta for Newly Constructed Homes
If your Atlanta home is newly built, you may have cheaper insurance rates than those who own older houses. Modern materials are more resistant to damage and are easier to replace.
The average cost of insurance for newly constructed homes in Atlanta is $2,827 per year. In comparison, the average rate for homes built in 2000 is $3,855.
On average, the most affordable home insurance providers in Atlanta for new homes with $500,000 dwelling coverage are:
- Farmers: $960 per year
- ASI: $1,262 per year
The Cheapest Home Insurance in Atlanta for New Homes, Ranked
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Cheapest Home Insurance Companies in Atlanta if You Have a Lot of Personal Property
The personal belongings you have at home are also covered by homeowners insurance in Atlanta. You can increase the personal property coverage limits of your policy, but it will lead to higher annual premiums.
A standard policy with $200,000 personal property coverage limits costs $3,855 per year. Meanwhile, a similar policy but with $500,000 in personal property coverage has an average rate of $4,097.
Based on MoneyGeek’s study, the cheapest insurance companies for Atlanta homeowners with personal property coverage limits of $500,000 on average are:
- Farmers: $1,277 per year
- ASI: $2,536 per year
Cheap Companies in Atlanta for Extra Personal Property Coverage
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Cheapest Home Insurance Companies in Atlanta for High Deductibles
Having higher deductibles for your homeowners insurance in Atlanta can lessen the cost of your annual premiums. Your deductible refers to the money that you pay out of pocket if you make a claim.
Atlanta homeowners with a standard policy and $1,000 deductible typically pay $3,855 per year. Those with a similar policy but a $2,000 deductible pay an average of $3,483.
On average, the cheapest companies for homeowners with $2,000 deductible policies in Atlanta are:
- Farmers: $1,159 per year
- ASI: $1,911 per year
The Cheapest Companies in Atlanta for High Deductibles, Ranked
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Cheapest Home Insurance Companies in Atlanta if You Have Poor Credit
In calculating annual premiums for homeowners insurance in Atlanta, companies use credit score as one of the factors. Homeowners with poor credit scores pay more than those with good credit since they are more likely to file a claim.
The average cost of insurance for homeowners with good credit is $3,855 per year, while the average rate for those with poor credit scores is $6,624.
If you have poor credit, the cheapest home insurance companies in Atlanta are, on average:
- Farmers: $2,701 per year
- ASI: $4,389 per year
The Cheapest Companies in Atlanta for Poor Credit, Ranked
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Getting Online Homeowners Insurance Quotes in Atlanta
If you are thinking about getting an online quote for homeowners insurance in Atlanta, you will have to prepare some pieces of information that insurers may ask for.
- Home replacement cost – The cost of rebuilding your home using similar materials after a covered peril occurs will determine the dwelling coverage limit of your policy. For an accurate estimate, hire a building contractor, appraiser or construction professional.
- Personal property value – You have to know the value of the personal belongings that you keep in the home you want to insure as it will determine the personal property coverage limits.
- Personal information – You may need to provide your address, the number of people living in the home you want to insure, your insurance history and other relevant details.
- Details about your house – This refers to information related to your house, such as its size, when it was built and whether it has a home security system.
Homeowners Insurance in Atlanta Analysis: Methodology
MoneyGeek used a base profile for this study, which is a homeowner with a 2,500-square-foot home built in 2000 and a homeowners insurance policy with dwelling coverage of $500,000, personal property coverage of $200,000 and liability coverage of $100,000. The deductible for all policies used is $1,000.
MoneyGeek analyzed homeowners insurance rates from 10 companies in Atlanta using the data provided in partnership with Quadrant. For affordability ratings, MoneyGeek used quotes from a home with different coverage levels. The customer satisfaction ratings were drawn from J.D. Power surveys.
MoneyGeek also evaluated quotes considering different situations, such as newly constructed homes, increased dwelling coverage, increased personal property coverage, higher deductibles and poor credit scores.
About Mark Fitzpatrick
sources
- Insurance Information Institute. "Background on: Credit Scoring." Accessed April 26, 2021.
- Insurance Information Institute. "Understanding Your Insurance Deductibles." Accessed April 26, 2021.