Deciding which company offers the most affordable car insurance rates for low mileage drivers calls for more work in order to find the lowest price.
Each insurance company uses a little different formula to establish rates, so let's rank the lowest cost car insurance companies in Atlanta, GA. It's a good idea to be aware that Atlanta, GA car insurance rates are determined by lots of factors which can significantly increase or decrease the price of your policy. Simply having another birthday, buying a different home, or getting a speeding ticket may cause policy rate changes that can make some companies more affordable than others.
Compare Cheap Insurance Quotes in Georgia
Auto-Owners has some of the most affordable car insurance rates in Atlanta at around $855 a year. The Hartford, USAA, Central Mutual, and MetLife would also be considered some of the lowest-priced Atlanta, GA auto insurance companies.
In the above example, if you are a customer of Central Mutual and switched to The Hartford, you could see an annual savings of in the vicinity of $271. Customers with MetLife could save as much as $316 a year, and Georgia Farm Bureau policyholders might see rate reductions of $351 a year.
Understand that those estimates are averages for all drivers and vehicles and do not take into consideration a specific location for low mileage drivers. So the car insurance company that is best for you may not even be in the top 20 companies shown above. That points out the importance of why you need to get rate quotes from many companies using your own specific driver and vehicle information.
The make and model of vehicle you are seeking coverage for is one of the largest factors when comparing quotes for affordable insurance for low mileage drivers. Vehicles with high performance features, a lack of advanced safety features, or an increased likelihood of liability claims will cost more to insure than more economical and safe models.
The information below showcases auto insurance premiums for a number of the most affordable vehicles to buy insurance for.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX 2WD||$1,360|
|Ford Escape XLT 4WD||$1,578|
|Honda Accord EX-L 4-Dr Sedan||$1,623|
|Toyota Tacoma Double Cab 4WD||$1,641|
|Ford Focus SES 4-Dr Sedan||$1,668|
|Chevrolet Malibu LTZ||$1,728|
|Chevrolet Impala LS||$1,733|
|Ford F-150 Lariat Crew Cab Harley 4WD||$1,757|
|Honda Civic EX-L 4-Dr Sedan||$1,786|
|Dodge Ram 3500 Crew Cab ST 2WD||$1,789|
|Ford Explorer Eddie Bauer AWD||$1,802|
|Hyundai Sonata SE 4-Dr Sedan||$1,815|
|Volkswagen Jetta S 4-Dr Sedan||$1,818|
|Toyota RAV4 Sport 4WD||$1,824|
|Chevrolet Equinox LS AWD||$1,818|
|Toyota Camry Hybrid||$1,847|
|Dodge Grand Caravan Crew||$1,857|
|Ford Edge Sport AWD||$1,865|
|Toyota Camry XLE||$1,872|
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Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Georgia minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Premium costs do not factor in garaging location in Atlanta, GA which can modify coverage prices substantially.
Looking at the rates, you can presume that models like the Honda CR-V, Toyota Prius, and Ford Escape are going to be a few of the most budget-friendly vehicles to insure for infrequent drivers.
Get discounts on Atlanta auto insurance rates
Car insurance companies that provide policies for low mileage drivers may also give you premium discounts that could lower prices by as much as 30% if you are eligible. Large car insurance companies and a summarized list of policyholder discounts can be found below.
- State Farm discounts include defensive driving training, passive restraint, anti-theft, student away at school, driver's education, good driver, and Steer Clear safe driver discount.
- Nationwide offers discounts including accident-free, good student, business or organization, multi-policy, anti-theft, defensive driving, and Farm Bureau membership.
- GEICO policyholders can earn discounts including anti-theft, membership and employees, driver training, multi-vehicle, and daytime running lights.
- AAA has discounts for multi-policy, anti-theft, good student, good driver, education and occupation, pay-in-full, and AAA membership discount.
- 21st Century has savings for teen driver, driver training, automatic seat belts, good student, theft prevention, and air bags.
- The Hartford includes discounts for bundle, anti-theft, vehicle fuel type, driver training, and defensive driver.
The example below illustrates the difference between premium costs with and without discounts applied to the premium. The premium estimates are based on a male driver, no violations or claims, Georgia state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows the average rate with no discounts. The second shows the rates with safe-driver, passive restraint, defensive driving course, marriage, anti-theft, and multiple policy discounts applied. When discounts are applied, theaverage yearly reduction on car insurance for low mileage drivers is 28% or $618.
Should you buy full coverage?
Finding the cheapest car insurance is the goal of the majority of people, and one way to find cheaper insurance for low mileage drivers is to not buy full coverage. The diagram below shows the difference between auto insurance rates with full coverage and liability only. The premiums assume no claims or violations, $100 deductibles, drivers are not married, and no other discounts are factored in.
As an overall average, comprehensive and collision coverage on your policy costs an extra $3,070 per year more than buying just liability insurance. That is a big expense that brings up the question if buying full coverage is a good investment. There is no set guideline to stop paying for full coverage on your policy, but there is a general convention. If the yearly cost of full coverage is about 10% or more of the settlement you would receive from your company, then it could be time to drop full coverage.
There are some circumstances where removing full coverage is not a good plan. If you still owe a portion of the original loan, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should not opt for liability only.
Don't stick with an overpriced policy
Georgia car insurance rates are impacted by many things which can substantially change the price you pay. Getting older, getting divorced, or having an accident can trigger rate changes that can make some companies much cheaper than others.
Not only may your situation change, but auto insurance companies change their prices as needed to adjust for unexpected claims or profits. Significantly higher losses can cause higher prices, while a better loss history can produce lower-cost Atlanta car insurance rates.
The chart below shows which companies have the cheapest car insurance in Atlanta, GA for a 30-year-old male driver with no accidents or violations, and good credit. If we estimate prices based on his personal profile, Auto-Owners might offer the cheapest car insurance rates in Atlanta at $1,092 annually. This is $437 less than the average premium paid by Georgia drivers of $1,529. The Hartford, USAA, Central Mutual, and MetLife are also included in the most affordable Atlanta, GA auto insurance companies.
In this example, we will give the driver from above some claims, slightly worse credit, and a few traffic violations. Because every insurance company uses a different method for determining rates in each state, comparing insurance quotes could result in a slightly different list of companies as shown below.
The Hartford now has the best auto insurance rate in Atlanta with Travelers, Mercury, USAA, and Safeco now rounding out the top five. This example demonstrates why drivers need to spend some time comparing rates to find the lowest insurance rates for low mileage drivers.
Rates can be determined by many risk factors and can change without notice, so the lowest-price company the last time you shopped around may now be quite expensive.
If you would rather have a little guidance when shopping around for cheaper insurance for low mileage drivers, the insurance agencies below can most likely help you make a decision which coverages you need.
To find an auto insurance agency in your neighborhood, click the link after the list.
Carter Nicholson - State Farm Insurance Agent
3040 Briarcliff Rd NE c - Atlanta, GA 30329 - (404) 748-9739
Farmers Insurance - Anissa Few Davenport
2030 Bolton Rd NW #200 - Atlanta, GA 30318 - (678) 705-5898
Yates Insurance Agency
2800 Century Pkwy NE #300 - Atlanta, GA 30345 - (404) 633-4321