Who Has Cheap Atlanta Auto Insurance for Ride Shares?

Comparing quotes for affordable car insurance is not most people’s favorite thing to do, and figuring out which companies offer the most affordable insurance rates for a Toyota Tacoma will take even more shopping around. Each auto insurance company uses their own formula for determining prices, so we need to take a look at the lowest cost insurance companies in Georgia.

Cheapest Insurance Rates for Your Tacoma

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What’s the cheapest car insurance in Georgia?
Rank Company Cost Per Year
1 Auto-Owners $864
2 The Hartford $886
3 USAA $998
4 Central Mutual $1,169
5 MetLife $1,264
6 Georgia Farm Bureau $1,273
7 Travelers $1,292
8 Mercury $1,355
9 State Farm $1,390
10 Country $1,391
11 Allied $1,409
12 Safeco $1,411
13 California Casualty $1,577
14 Encompass $1,639
15 Progressive $1,791
16 Nationwide $1,883
17 Liberty Mutual $2,004
18 GEICO $2,165
19 Allstate $2,268
20 Victoria $2,559
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Auto-Owners normally has some of the cheapest car insurance rates in Atlanta at around $864 per year. This is $665 less than the average premium paid by Georgia drivers of $1,529. The Hartford, USAA, Central Mutual, and MetLife would also make the list of some of the cheaper Atlanta, GA car insurance companies.

As shown in the rates above, if you are insured with Central Mutual and switched to Auto-Owners, you could realize savings of about $305. Georgia drivers with MetLife may save as much as $400 a year, and Georgia Farm Bureau customers might reduce rates by $409 a year.

To see if your current coverage is too expensive, click here to get a free quote or visit any of the companies below.

Remember that these premium estimates are averages for all drivers and vehicles and and are not calculated with a specific vehicle garaging location for a Toyota Tacoma. So the car insurance company that is most affordable for your situation may not even be in the list above. That emphasizes why you need to get rate quotes from many companies using your own personal information and vehicle type.

The type of vehicle you are trying to insure is probably the biggest factor when shopping around for the cheapest insurance for a Toyota Tacoma. Vehicles with reasonable performance levels, advanced safety features, or a track record of few liability claims will cost less to insure than higher performance models.

The information below presents car insurance premiums for a handful of the most affordable vehicles to insure in Georgia.

Cheapest Vehicles to Insure in Atlanta, GA
Insured Vehicle Estimated Cost for Full Coverage
Ford Escape XLS 2WD $1,396
Honda CR-V LX 2WD $1,404
Chevrolet Impala LT $1,653
Toyota RAV4 Sport 2WD $1,659
Ford Explorer Limited AWD $1,685
Ford Edge Sport AWD $1,739
Honda Odyssey LX $1,763
GMC Sierra SLT Extended Cab 4WD $1,771
Toyota Prius $1,774
Ford F-150 XLT Crew Cab 2WD $1,798
Jeep Wrangler Unlimited Sahara 4WD 4-Dr $1,801
Ford Focus SES 2-Dr Coupe $1,860
Dodge Ram 2500 Mega Cab SLT 4WD $1,924
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Prices based on single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Georgia minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Premium costs do not factor in vehicle location which can impact insurance rates greatly.

Based upon the table data, vehicles like the Ford Escape, Honda CR-V, and Chevrolet Impala will be some of the most economical vehicles to insure for a Tacoma.

How accidents and tickets impact rates in Atlanta

The best way to find the most affordable insurance prices in Georgia for a Tacoma is to drive safely and avoid accidents and traffic violations. The chart below demonstrates how citations and fender-benders can influence annual premium costs for different ages of insureds. The data assumes a married female driver, full physical damage coverage, $500 deductibles, and no discounts are factored in.

The data in the chart shows the average cost of auto insurance in Atlanta per year with no accidents or violations is $1,424. Receive one speeding ticket and the average cost swells to $1,661, an increase of $237 each year. Now throw in one accident along with the one speeding ticket and the 12-month cost of insurance for a Toyota Tacoma increases to an average of $2,315. That’s an increase of $891, or $74 per month, just for a couple of infractions!

Cost comparison with and without full coverage

Saving money when shopping for insurance is important to the majority of drivers, and one good way to reduce the cost of insurance for a Toyota Tacoma is to not buy comprehensive and collision coverage. The illustration below shows the difference between auto insurance rates with full physical damage coverage compared to only buying liability only. The data assumes no accidents or driving violations, $250 deductibles, drivers are single, and no policy discounts are applied.

On average, physical damage coverage on your policy costs $2,063 per year more than insuring for liability only. That amount may make you wonder if full coverage is worth the money. There is no definitive formula that works best for making the decision to drop comp and collision coverage, but there is a broad guideline. If the annual cost of coverage is more than 10% of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.

For example, let’s say your vehicle’s replacement cost is $7,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company would pay you is $6,000 after you pay the deductible. If it’s costing you more than $600 annually for your policy with full coverage, then it might be time to buy liability only.

There are some conditions where removing full coverage is not in your best interest. If you haven’t paid off your loan, you are required to maintain full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should not remove full coverage.

The chart below illustrates how your deductible choice can change yearly insurance costs when researching cheap insurance for a Toyota Tacoma. The premiums are based on a single male driver, comp and collision included, and no discounts are factored in.

The chart above illustrates that a 30-year-old driver could lower their car insurance rates by $492 a year by changing from a $100 deductible to a $500 deductible, or save $740 by choosing a $1,000 deductible. Younger drivers, like the 20-year-old, have the ability to save up to $1,460 or more just by choosing higher deductibles.

If you make the decision to raise deductibles, it’s a good idea to have plenty of discretionary funds to enable you to cover the extra out-of-pocket expense. That is the one drawback of using higher deductibles.

Low rates can quickly become overpriced

Atlanta insurance rates are determined by lots of factors which can substantially change the price you pay for coverage. Turning one year older, having a teen driver, or getting caught speeding may generate price changes that can cause some rates to be more affordable than competitors. Not only that, but auto insurance companies amend premium rates as needed in order to be able to pay unexpected claims. An unexpected high level of claims may result in higher prices, while a lower level of claims can produce more affordable Atlanta car insurance rates.

The graph below shows the company with the cheapest car insurance in Atlanta, GA for a 35-year-old female driver with a good driving record, no prior claims, and solid credit. If we compare prices based on her personal risk profile, Auto-Owners may have the lowest car insurance rates in Atlanta at $1,114 per year. This is $415 less than the average price paid by Georgia drivers of $1,529. The Hartford, USAA, Central Mutual, and MetLife are also included in the top five cheapest Atlanta, GA auto insurance companies.

In this example, we will give the driver from the first example a couple of claims, a little lower credit rating, and a speeding citation. Because each company uses their own calculation to set premium rates, getting updated rate quotes could now result in a significantly different list of affordable companies as shown below.

The Hartford now has the best car insurance rate in Atlanta, GA with Travelers, Safeco, Mercury, and Country also being competitive. This illustrates why Atlanta drivers need to compare as many rates as possible when trying to find cheap auto insurance quotes for a Toyota Tacoma. Rates consist of many factors and change dramatically, so the best option when you last compared rates may now cost much more than other companies.