Cheapest Homeowners Insurance in Georgia (2024 Rates)

When it comes to home insurance in Georgia, Chubb takes the lead in offering the most affordable policies, whether you're insuring a new home, have a less-than-ideal credit score, live in various cities or have a claims history, all under a $100K coverage. On the other hand, if you're looking to bundle home and auto insurance, Auto-Owners Insurance provides the best budget-friendly options.

If you are looking for cost-effective home insurance in Georgia, your best bet is Chubb for $100K in dwelling coverage, costing an average of $834 annually. However, home insurance rates can be greatly influenced by your dwelling coverage.

Here's an overview of Georgia's most budget-friendly options:

• Cheapest for $100,000: Chubb at $834 per year
• Cheapest for $250,000: Auto-Owners Insurance at $1,501 per year
• Cheapest for $500,000: Auto-Owners Insurance at $2,437 per year

Find affordable home insurance using MoneyGeek's table to see the cost fluctuations by dwelling coverage.

In Georgia, finding affordable home insurance typically includes requesting quotes from various insurers, a procedure usually involving personal details. Streamline this with MoneyGeek’s straightforward home insurance calculator, offering Georgia quotes without needing initial personal information disclosure.

Auto-Owners Insurance offers Georgia's most affordable home insurance for high-value homes for $750K in dwelling coverage at an average of $3,567 annually. Remember, dwelling coverage is the primary factor affecting your home insurance cost, and premiums often increase if your home costs more to rebuild.

Here are the most affordable home insurance choices in Georgia for higher dwelling coverage limits:

• Cheapest for $750,000: Auto-Owners Insurance $3,567 per year
• Cheapest for $1,000,000: Auto-Owners Insurance $5,290 per year

It's best to secure dwelling coverage equivalent to your home's replacement cost, not property value. Discover cheap home insurance rates on MoneyGeek's table and see how costs shift by dwelling coverage.

The most affordable home insurance for new homes in Georgia, offering $100K in dwelling coverage, is Chubb, with an average annual premium of $591. Insuring newly built homes in Georgia tends to be less expensive, as modern constructions are better built to withstand natural disasters, and low maintenance costs give insurance companies enough confidence to offer lower rates.

Here's how different dwelling coverages stack up in Georgia:

• Cheapest for $100,000: Chubb at $591 per year
• Cheapest for $250,000: Auto-Owners Insurance at $994 per year
• Cheapest for $500,000: Auto-Owners Insurance at $1,560 per year

To see how these costs evolve as your new house's dwelling coverage increases, look at MoneyGeek's table below.

In Georgia, Chubb offers the most affordable home insurance for those with poor credit at an average of $1,455 per year for $100K in dwelling coverage. Insurers use credit scores to assess the risk of policyholders defaulting on payments, affecting insurance rates. For homeowners with poor credit, here are the cheapest providers for differing coverage levels:

• Cheapest for $100,000: Chubb at $1,455 per year
• Cheapest for $250,000: Travelers at $3,101 per year
• Cheapest for $500,000: Chubb at $6,362 per year

A poor credit score can really hit your pocket, with an average home insurance cost of $6,971 compared to $1,109 for those with good credit for $100K in dwelling coverage.

Chubb is Georgia's cheapest option for homeowners with one claim within the past five years and a dwelling coverage limit of $100K, costing an average of $834 annually. However, remember that a history of claims increases future insurance costs.

For homeowners with the same claims history in Georgia, the cheapest providers for different coverage limits are:

• Cheapest for $100,000: Chubb at $834 per year
• Cheapest for $250,000: Auto-Owners Insurance at $1,501 per year
• Cheapest for $500,000: Auto-Owners Insurance at $2,437 per year

The average insurance cost for homeowners with no recent claims is noticeably less than for those with two claims. To provide exact numbers, an individual with two claims on their five-year record and $100K dwelling coverage can expect to pay $425 more on their insurance premium per year than a homeowner with no past claims. Therefore, keeping your claims record clean can substantially reduce your insurance costs, a crucial consideration for all Georgia homeowners.

The type of construction and roofing material of your home significantly influences your home insurance costs. In Georgia, Chubb offers the cheapest home insurance premium at an annual rate of $834 for a home with a 'frame' construction type and a shake-treated roof. Materials like these tend to enhance home insurance costs due to their susceptibility to weather-related damage, such as storms and humidity, that is common in Georgia.

If you're looking for other coverage values in Georgia:

• Cheapest for $100,000: Chubb at $834 per year
• Cheapest for $250,000: Auto-Owners Insurance at $1,687 per year
• Cheapest for $500,000: Auto-Owners Insurance at $2,740 per year

When comparing a frame construction and shake-treated roof to a superiorly constructed home with a tile roof, the superior option is insured for an average of $164 less annually. This is because better construction and durable materials like tile present less risk to insurers, making it cheaper. For Georgia homeowners, making the upfront investment in higher-quality materials can lead to long-term insurance savings.

Altering your deductible could potentially save you hundreds annually. For example, in Georgia, the most affordable home insurance company for a policy with a $2,000 deductible is Chubb, with an annual premium of $710. Even for a $500 deductible, Chubb is the cheapest at $926 annually.

For $100K in dwelling coverage, the cheapest companies in Georgia for each deductible level are:

• $2,000 deductible: Chubb at $710 per year
• $1,500 deductible: Chubb at $834 per year
• $1,000 deductible: Chubb at $834 per year
• $500 deductible: Chubb at $926 per year

In home insurance, the deductible you pay out-of-pocket determines the remaining amount covered by your insurance. Notably, there is an average cost difference of $166 across insurers for $500 and $2,000 deductibles.

Georgia's most affordable home and auto bundle policy comes from Auto-Owners Insurance Co, with a yearly premium of $2,201. Bundling home and auto insurance can lead to substantial savings.

• Auto-Owners Insurance Co at $2,201 per year
• Allstate at $2,726 per year

Apart from cost reduction, bundling offers the ease of managing both policies under one insurer. This efficiency lets you streamline your insurance handling with one point of contact. Learn more about the best Georgia insurance bundle to investigate these benefits further.

Chubb is the cheapest home insurance provider in many Georgia cities, with rates ranging from $697 to $1,277. Costs vary significantly across cities due to factors like local building codes, crime rates and weather risks. The annual premium for Chubb ranges from a low of $697 in the most affordable city to a high of $911 in the most expensive one.

• Georgia's most affordable annual premium is offered by Chubb in Athens-Clarke at $697.
• Allstate is the cheapest provider in Savannah at $1,277 annually.

It's worth shopping around, as insurers may use unique formulas to determine rates in different geographical areas, potentially saving you money.