One of the many factors that are looked at to determine auto insurance rates is where you keep your vehicle. Cities with larger populations or higher claim trends are more likely to pay higher prices, whereas areas with lower vehicle theft rates and fewer weather claims profit from lower rates.
The illustration below lists the most expensive cities in Georgia for homeowners to buy auto insurance in. Atlanta shows up at #2 with the yearly price of $1,405 for the average insurance policy, which is around $117 per month.
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Prices are estimated as the specific area where the vehicle is garaged can change insurance rates noticeably.
The vehicle model requiring coverage is a large factor that determines if you can find the most affordable auto insurance for homeowners. Vehicles with lower acceleration and performance, good safety features, or a low likelihood of liability claims will cost quite a bit less to insure than higher performance models.
The list below presents auto insurance premiums for a number of the cheapest vehicles to insure.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Ford Escape XLT 4WD||$1,447|
|Dodge Grand Caravan CV||$1,586|
|Honda CR-V EX 2WD||$1,602|
|Toyota Tacoma 2WD||$1,645|
|Ford Edge SE 2WD||$1,699|
|Honda Odyssey EX-L||$1,769|
|Chevrolet Impala LS||$1,798|
|Hyundai Sonata GLS 4-Dr Sedan||$1,803|
|Nissan Altima Hybrid 4-Dr Sedan||$1,801|
|Ford Explorer XLT AWD||$1,804|
|Jeep Wrangler Sahara 4WD 2-Dr||$1,812|
|GMC Sierra 3500HD SLE Crew Cab 2WD||$1,833|
|Toyota RAV4 Limited 4WD||$1,836|
|GMC Sierra SLE Crew Cab 2WD||$1,842|
|Chevrolet Malibu Hybrid||$1,892|
|Toyota Camry Hybrid||$1,922|
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Data rating is based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Georgia minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Rates do not factor in specific location which can affect premiums substantially.
Looking at the rates, you can expect models like the Ford Escape, Dodge Grand Caravan, and Honda CR-V are some of the less-costly vehicles to insure for people who own their homes.
Comparing rates for low-cost auto insurance is not easy, and figuring out which company offers the most affordable insurance rates for homeowners requires even more rate comparisons. Every insurance provider uses a slightly different approach to set their prices, so let's begin by taking a look at the insurance companies that tend to be cheaper in Atlanta, GA.
It's important to know that Atlanta insurance rates are determined by lots of factors which can substantially change the price you pay for coverage. Simply having another birthday, buying a home, or getting into an accident may cause policy rate changes that may make certain companies affordable when they were higher priced.
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|Rank||Company||Cost Per Year|
|5||Georgia Farm Bureau||$1,273|
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Auto-Owners may have some of the cheapest car insurance rates in Atlanta at around $855 a year. This is $674 less than the average rate paid by Georgia drivers of $1,529. The Hartford, USAA, Central Mutual, and Georgia Farm Bureau also qualify as some of the best Atlanta, GA insurance companies.
As illustrated above, if you currently have a policy with Georgia Farm Bureau and switched to The Hartford, you might achieve yearly savings of in the vicinity of $351. Drivers with MetLife could save as much as $354 a year, and Travelers policyholders might reduce prices by as much as $357 a year.
If you want to see how much you could save, click here to get quotes or click several companies below for low rates.
Be aware that those estimates are averages across all drivers and vehicles in Georgia and do not take into consideration an exact location for homeowners. So the company that is most affordable for your situation may not even be in the list above. That emphasizes why you need to compare prices as often as possible using your own personal information and vehicle type.
How to get discounts on Atlanta auto insurance
Car insurance companies that offer quotes for homeowners may additionally offer special discounts that can reduce rates by as much as 35% if you meet eligibility requirements. Companies and a selection of discounts are outlined below.
- Mercury Insurance policyholders can earn discounts including low natural disaster claims, age of vehicle, multi-policy, location of vehicle, ease of repair, multi-car, and good student.
- Farmers Insurance may have discounts that include good student, homeowner, distant student, youthful driver, mature driver, and alternative fuel.
- Farm Bureau offers discounts for multi-policy, safe driver, renewal discount, 55 and retired, youthful driver, and driver training.
- State Farm includes discounts for multiple autos, Steer Clear safe driver discount, passive restraint, defensive driving training, anti-theft, good student, and good driver.
- Allstate may include discounts for FullPay discount, EZ pay plan discount, anti-lock brakes, utility vehicle, and multi-policy.
- GEICO has discounts for anti-theft, driver training, daytime running lights, seat belt use, good student, anti-lock brakes, and five-year accident-free.
The chart below shows the difference between car insurance rates with and without policy discounts. The premium estimates are based on a male driver, a clean driving record, no claims, Georgia state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with anti-theft, homeowner, claim-free, passive restraint, accident-free, and vehicle safety discounts applied. With discounts applied, the average amount saved each year on insurance for homeowners is 28% or $570.
Bad driving habits will cost you more
A great way to maintain the most affordable insurance rates in Georgia for people who own their homes is to drive safely and avoid accidents and keep your driving record clean. The illustration below illustrates how speeding tickets and fender-benders drive up insurance premiums for different age groups. The data assumes a single female driver, full physical damage coverage, $500 deductibles, and no discounts are factored in.
In the example above, the average cost of a car insurance policy in Atlanta per year with a clean driving record and no accidents is $1,764. Factor in two speeding tickets and the average cost swells to $2,358, an increase of $594 each year. Now throw in one accident along with the two speeding tickets and the yearly cost of insurance for homeowners goes up to an average of $2,954. That's an increase of $1,191, or $99 per month, just for not driving safely!
Full coverage or liability only
Saving money when shopping for insurance is probably important to the majority of people, and an effective way to find cheap insurance for homeowners is to not insure for full coverage. The diagram below shows the difference between insurance costs with full coverage compared to only the Georgia minimum liability coverage. Data assumes no claims or violations, $500 deductibles, drivers are single, and no discounts are taken into consideration.
As an average for all age groups, physical damage coverage on your policy costs $2,471 per year more than carrying just liability coverage. That brings up the question when is the right time to remove full coverage. There is no clear-cut rule of when to drop physical damage insurance, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is about 10% or more of any settlement you would receive from your insurance company, then it may be the right time to buy liability only.
There are some cases where only buying liability is not recommended. If you still owe a portion of the original loan, you have to keep full coverage in order to keep the loan. Also, if you can't afford to buy a different vehicle if your current one is damaged, you should keep full coverage in place.
How to find budget-friendly car insurance for homeowners
Here are some of the recommended penny-pinching solutions that can help drivers find cheaper auto insurance.
- Save money by observing traffic laws and speed limits
- Accident-free drivers may qualify for discounts
- Raise deductibles
- Try paying for small claims out-of-pocket
- Drivers with good credit often pay less
- Bundle home or renters insurance to earn a discount on car insurance
- Compare rate quotes frequently
That final tip is especially important, as we emphasized in this article. Auto insurance rates fluctuate considerably, so you should be ready to switch carriers if you can find a cheaper rate. Brand loyalty is not necessarily bad, but it's not a great idea if that loyalty ends up costing a small fortune year after year. If you have a few minutes, now is a great time to compare rates to find cheaper auto insurance for homeowners in Atlanta.
The agents listed below can help you make a decision which auto insurance policy fits you best, as many people would rather get some professional input when trying to find lower insurance rates for homeowners. It can be hard to find the cheapest car insurance policy, so getting professional guidance from a licensed agent can add peace of mind knowing your coverage gives you decent coverage if you have a claim.
To find an Atlanta insurance agency closest to you, click the button at the bottom.
Shiron Kilgore - State Farm Insurance Agent
42 Forsyth St NW - Atlanta, GA 30303 - (404) 527-4883
Aaron Frazier - State Farm Insurance Agent
NE, 4246 Peachtree Rd NE #7 - Atlanta, GA 30319 - (404) 233-4847
Jared Mula - State Farm Insurance Agent
3220 Cobb Pkwy SE #202 - Atlanta, GA 30339 - (770) 874-3325
Lindsay Mullen - State Farm Insurance Agent
2250 N Druid Hills Rd Ste 145 - Atlanta, GA 30329 - (404) 728-1000
Barry Domangue - State Farm Insurance Agent
1355 Peachtree St NE Ste 103 - Atlanta, GA 30309 - (404) 853-3772