What Auto Insurance is Cheapest for Low Credit Scores in Atlanta?

It’s hard to miss the catchy advertisements from car insurance companies like Nationwide, Allstate, and State Farm that guarantee the cheapest rates, so you just need to pick one at random, right?

It’s not quite that easy, unfortunately, as there are a whole bunch of unknown elements like your credit rating, the number of miles you drive each year, and what liability limits you need, that all impact the price you pay. We know insurance is not everyone’s favorite topic, but in this article we will cover the best ways to compare rates and educate you enough to have a solid foundation to find cheaper car insurance in Atlanta.

For bad credit, one of the largest criteria that aid in calculating the cost of insurance is where you keep your vehicle in Atlanta. Areas with high crime rates or more dense population are more likely to have higher rates, whereas less populated areas benefit from lower coverage costs.

The next table sorts the most expensive areas in Georgia for low credit scores to buy an auto insurance policy in. Atlanta ranks #2 with an annual premium of $1,419 for the average policyholder, which is approximately $118 each month.

How much is car insurance in Atlanta?
Rank City Annual Rate
1 East Point $1,436
2 Atlanta $1,419
3 North Atlanta $1,310
4 Dunwoody $1,307
5 Mableton $1,306
6 Smyrna $1,292
7 Marietta $1,279
8 Macon $1,279
9 Roswell $1,272
10 Sandy Springs $1,268
11 Alpharetta $1,246
12 Columbus $1,243
13 Gainesville $1,232
14 Savannah $1,203
15 Augusta $1,185
16 Rome $1,182
17 Peachtree City $1,168
18 Albany $1,154
19 Hinesville $1,145
20 Dalton $1,145
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Premium amounts are approximated as the specific area where the vehicle is garaged can change insurance rates substantially.

The vehicle model you are trying to insure is one of the main factors when comparison shopping for the best auto insurance for low credit scores. Vehicles with reasonable performance levels, good crash test ratings, or low incidents of liability claims will cost significantly less to insure than high performance models. The table below presents coverage premiums for a selection of the most economical automobiles to buy coverage for.

Cheapest Vehicles to Insure in Atlanta, GA
Vehicle Insured Estimated Cost for Full Coverage
Honda CR-V LX 4WD $1,448
Jeep Wrangler Sport 4WD 2-Dr $1,630
Ford Escape XLT 2WD $1,636
GMC Sierra SLE Crew Cab 2WD $1,714
Dodge Grand Caravan Hero $1,721
Toyota RAV4 Limited 4WD $1,714
Ford Explorer Limited 4WD $1,747
Toyota Prius $1,763
Ford F-150 XLT Super Cab 2WD $1,771
Toyota Camry SE $1,806
Toyota Corolla XRS $1,839
Volkswagen Jetta 2.0T 4-Dr Sedan $1,845
Toyota Tacoma Double Cab 4WD $1,874
Honda Odyssey EX W/Rear Entertainment $1,891
Chevrolet Malibu LT $1,912
Honda Accord LX-S 2-Dr Coupe $1,929
Toyota Camry Hybrid $1,961
Ford Edge Sport 2WD $1,980
Chevrolet Impala LTZ $1,990
Nissan Rogue SL 2WD $2,007
Kia Optima LX $2,016
Jeep Grand Cherokee Limited 2WD $2,018
Hyundai Elantra SE 4-Dr Sedan $2,023
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Prices 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 safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Information does not factor in specific zip code location which can impact insurance rates noticeably.

By looking at the data, you can infer that vehicles like the Honda CR-V, Jeep Wrangler, and Ford Escape are a few of the less-costly vehicles to insure for bad credit.

Full coverage rates compared to liability-only

Finding the cheapest auto insurance is probably important to most vehicle owners, and one great way to pay lower rates for insurance for low credit scores is to not pay for full coverage. The illustration below shows the difference between insurance premiums with full physical damage coverage compared to only buying the minimum liability limits required in Georgia. The price estimates are based on no claims, a clean driving record, $250 deductibles, single marital status, and no discounts are factored in.

If averaged out across all ages, full coverage on your policy costs $2,063 per year over having just liability coverage. That is a significant amount which raises the question if buying full coverage is worth the money. There isn’t a written rule that is best for determining when to drop physical damage insurance, but there is a general convention. If the annual cost of comprehensive and collision coverage is more than around 10% of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.

Impact of careless driving on Atlanta auto insurance rates

One of the best ways to enjoy cheap auto insurance prices for bad credit is to drive cautiously and maintain a clean driving record. The chart below demonstrates how traffic citations and fender-benders can increase insurance prices for different age groups of insureds. The premiums assume a single male driver, comprehensive and collision coverage, $500 deductibles, and no policy discounts are applied.

The data in the chart shows the average cost of car insurance in Atlanta per year with no accidents and a clean driving record is $2,028. Factor in two speeding tickets and the average cost surges to $2,684, an increase of $657 each year. Then add one accident along with the two speeding tickets and the yearly cost of auto insurance for low credit scores jumps again to an average of $3,344. That’s an increase of $1,316, or $110 per month, just for being a careless driver!

Choosing the right company is hard considering how many companies sell coverage in Georgia. The company information below can help you decide which car insurance providers to look at comparing prices from. These ratings only include companies that write coverage in many states, so smaller regional companies are not factored into the list.

Best 15 Auto Insurance Companies for Low Credit Scores in Atlanta
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
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Data Source: Insure.com Best Car Insurance Companies

How to find more affordable auto insurance for low credit scores

Here are a few thrifty suggestions that can help drivers quote lower-cost coverage.

The last tip in the list is extraordinarily vital, as was emphasized in the prior article. Coverage rates change frequently, so don’t be unwilling to switch companies if a lower price can be found.

Many drivers tend to have loyalty to a certain company, but we do not recommend it if that inflexibility results in costing you thousands of dollars over several years. Now is a great time to compare prices and find cheaper auto insurance for low credit scores in Atlanta.