Cheapest Homeowners Insurance in Georgia (2024 Rates)


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Updated: May 22, 2024

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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.

MoneyGeek Logo IconCheapestHome InsuranceGeorgia
2024

Why Trust MoneyGeek? MoneyGeek used information from the Georgia Department of Insurance and Quadrant Information Services to obtain data on insurance rates, discounts and more.

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These rates reflect the cheapest home insurance quotes in Georgia as of 2024.

Overall Cheapest Homeowners Insurance in Georgia

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.

Data filtered by:Results filtered by:
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
Construction Year:
Construction Year:2000
ChubbAnnual Premium$834
TravelersAnnual Premium$936
Auto-Owners InsuranceAnnual Premium$1,027
NationwideAnnual Premium$1,197
FarmersAnnual Premium$1,220
AllstateAnnual Premium$1,242
State FarmAnnual Premium$1,306

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Rates updated:

Oct 04, 2024

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Cheapest Home Insurance in Georgia for High-Value Homes

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.

Data filtered by:Results filtered by:
Coverages:
Coverages:$750K Dwelling / $375K Personal Property / $500K Liability
Construction Year:
Construction Year:2000
Auto-Owners InsuranceAnnual Premium$3,567
AllstateAnnual Premium$4,539
ChubbAnnual Premium$5,056
FarmersAnnual Premium$5,415
State FarmAnnual Premium$5,423
TravelersAnnual Premium$6,056
NationwideAnnual Premium$7,867

Cheapest Home Insurance in Georgia for New Homes

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.

Data filtered by:Results filtered by:
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
ChubbAnnual Premium$591
NationwideAnnual Premium$667
TravelersAnnual Premium$690
AllstateAnnual Premium$725
Auto-Owners InsuranceAnnual Premium$730
State FarmAnnual Premium$779
FarmersAnnual Premium$845

Cheapest Home Insurance in Georgia for Low Credit Scores

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.

Data filtered by:Results filtered by:
Credit Score:
Credit Score:Poor
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
Construction Year:
Construction Year:2000
ChubbAnnual Premium$1,455
TravelersAnnual Premium$1,484
NationwideAnnual Premium$2,093
FarmersAnnual Premium$2,193
State FarmAnnual Premium$2,939
AllstateAnnual Premium$3,173
Auto-Owners InsuranceAnnual Premium$35,462

Cheapest Home Insurance in Georgia With a Claims History

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.

Data filtered by:Results filtered by:
Claims History:
Claims History:1 claim in past 5 years
Construction Year:
Construction Year:2000
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
ChubbAnnual Premium$834
Auto-Owners InsuranceAnnual Premium$1,027
TravelersAnnual Premium$1,289
FarmersAnnual Premium$1,464
State FarmAnnual Premium$1,489
NationwideAnnual Premium$1,621
AllstateAnnual Premium$1,704

Cheapest Home Insurance in Georgia by Home and Roof Materials

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.

Data filtered by:Results filtered by:
Home Construction Type:
Home Construction Type:Frame
Roof Material:
Roof Material:Shake-Treated
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
ChubbAnnual Premium$834
TravelersAnnual Premium$936
Auto-Owners InsuranceAnnual Premium$1,155
FarmersAnnual Premium$1,172
NationwideAnnual Premium$1,241
State FarmAnnual Premium$1,306
AllstateAnnual Premium$1,328

Cheapest Home Insurance in Georgia by Deductible

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.

Data filtered by:Results filtered by:
Deductible:
Deductible:2000
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
Construction Year:
Construction Year:2000
ChubbAnnual Premium$710
TravelersAnnual Premium$859
Auto-Owners InsuranceAnnual Premium$960
AllstateAnnual Premium$1,098
NationwideAnnual Premium$1,135
FarmersAnnual Premium$1,147
State FarmAnnual Premium$1,204

Cheapest Home and Auto Insurance Bundle in Georgia

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.

Auto-Owners Insurance CoAnnual Premium$2,201
AllstateAnnual Premium$2,726
State FarmAnnual Premium$3,026

Cheapest Home Insurance in Georgia by City

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.

Athens-ClarkeCheapest CompanyChubbAnnual Premium$697
AtlantaCheapest CompanyChubbAnnual Premium$700
Augusta-RichmondCheapest CompanyChubbAnnual Premium$853
ColumbusCheapest CompanyChubbAnnual Premium$816
Macon-BibbCheapest CompanyChubbAnnual Premium$720
Sandy SpringsCheapest CompanyChubbAnnual Premium$700
SavannahCheapest CompanyAllstateAnnual Premium$1,277
ValdostaCheapest CompanyChubbAnnual Premium$911

About Mark Fitzpatrick


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Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He 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.