Average Costs and Cheapest Homeowners Insurance Companies in Georgia

Farmers consistently ranks as the cheapest home insurance provider in Georgia. It is the cheapest insurer in Georgia overall as well as for expensive homes, homes with pools, newer homes and homeowners with poor credit. MoneyGeek researched thousands of quotes in Florida to determine average rates and find the cheapest company for your needs.

If you’re looking to balance affordability with a strong service experience, MoneyGeek also scored the best home insurance companies in Georgia.

MoneyGeek averaged thousands of quotes to find Georgia's cheapest homeowners insurance providers for different dwelling coverages. The most affordable homeowners insurance for a baseline dwelling coverage of $250,000 is Farmers at approximately $703 per year.

The same insurer is the cheapest for different dwelling coverages:

• Cheapest for $100,000: Farmers
• Cheapest for $250,000: Farmers
• Cheapest for $500,000: Farmers

Your insurance coverage costs largely depend on the replacement cost of your home. Use the table below to identify sufficient dwelling coverage and see how much it costs.

When calculating your homeowners insurance coverage, you need to identify the coverage level you need for your home. For a $250,000 baseline dwelling coverage, the average cost of homeowners insurance in Georgia is $2,147 per year.

Identifying your needed coverage level is the most significant step in determining your home insurance costs in Georgia. The more coverage you need or want, the higher your premiums will be. For example, if you want Georgia dwelling coverage worth $100,000, that will cost around $1,246 per year. However, if you need a higher dwelling coverage of $3 million, you could pay approximately $25,497 per year.

To determine the cost of homeowners insurance in Georgia, providers will consider multiple factors, including your home’s age, dwelling value, location, roof quality and credit score, among others. Properties in hazardous areas may cost more to cover since they can be more vulnerable to damage.

Using MoneyGeek’s calculator, you can modify your preferred dwelling coverage limits, choose a different deductible amount and set additional limits as needed. The tools lets you see how average costs in Georgia change as you adjust these numbers.

If you own an expensive home, it pays to look for providers that offer more affordable homeowners insurance. MoneyGeek compiled quotes from several insurers in Georgia to help you find the cheapest providers for your specific dwelling coverage needs.

According to MoneyGeek's analysis, the two cheapest homeowners insurance policies in Georgia for expensive properties with $2 million in coverage are, on average:

• Farmers: $3,537 per year
• Chubb: $7,673 per year

It's important to shop around and compare quotes from several providers as premiums can vary significantly between providers for the same coverage levels.

MoneyGeek gathered and analyzed quotes from Georgia insurance providers to find the cheapest policies for newer homes. We used a sample home built in 2015 and studied rates for $250,000 in dwelling coverage.

Based on our study, affordable homeowners insurance in Georgia for newer homes are from the following insurance providers:

• Farmers: $586 per year on average
• ASI: $844 per year on average

When comparing a home built in 2015 to a house built in 2000, rates differ by around $470 per year. The quotes for homes built in 2000 differ from the above quotes due to different ZIP code collections processes.

The average cost of home insurance in Georgia for newer homes varies by as much as $470 between houses built in 2015 and 2000. Older homes are riskier to insure for several reasons. This includes being constructed according to old building codes, which need to be updated. Older homes can also have unique features that could be expensive to replace.

Homes with pools are generally more expensive to insure. MoneyGeek studied thousands of quotes from Georgia insurance providers to help you find affordable policies.

If you need baseline dwelling coverage of $250,000 and have a pool on your property, you might want to consider these low-cost homeowners insurance providers in Georgia:

• Farmers: $755 per year on average
• Chubb: $1,415 per year on average

In addition to the cost required to maintain a pool, having a pool requires higher liability coverage for possible injuries and even death.

In Georgia, there’s not much difference in the premiums between pool and non-pool homeowners. For the same dwelling coverage of $250,000, the average rate for a home without a pool is $1,763 per year. On the other hand, the average rate for a home with a pool is $1,775 per year.

To determine the average cost of homeowners insurance in Georgia if you have poor credit, MoneyGeek gathered thousands of quotes in Georgia and ranked them based on affordability.

Here are the insurance companies with the most affordable average rates in Georgia:

• Farmers: $1,523 per year
• Country Financial: $2,501 per year

Having poor credit significantly affects your insurance rates. Insurers view homeowners with poor credit as risky to insure.

Whether you have a good or bad credit background can significantly affect your rates. This is because people with bad credit are generally riskier to insure. In Georgia, the difference in average cost of home insurance for poor credit vs. excellent credit is around $1,483.

Homeowners insurance rates and the cheapest companies available to you depend on which city in Georgia you live in. Farmers' policies cost around $703 annually in Atlanta. This insurer is the most affordable home insurance company in Atlanta, and this rate is about $1,444 cheaper than the city's average rates across all companies.

To obtain a binding home insurance quote in Georgia from a specific insurer, you need to provide details like your name, phone number, address and Social Security number. You should also disclose the value of your home and possessions, as well as the worth of any add-ons such as a pool. If you host frequent parties, you may want to get medical payment coverage for possible injuries to a guest. The insurance provider will prepare your custom quote based on your answers.

MoneyGeek’s home insurance calculator is a great tool if you want to know your home insurance estimate but don’t want to disclose personal information. Insurance quotes provided by this tool were gathered from thousands of quotes from several providers in Georgia.

MoneyGeek analyzed homeowners insurance premiums from 10 of the top insurance companies in Georgia that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across Georgia. Quotes were gathered with an average home profile of 2,500 square feet, built in 2000, with an average dwelling coverage value of $250,000, liability coverage of $100,000 and personal property coverage of $100,000.