For felons, one of the more important considerations that aid in calculating the amount you pay for auto insurance is your address. Larger areas are more likely to have higher rates, whereas less populated areas tend to receive cheaper rates.
The following table sorts the priciest cities in Georgia for felons to buy an auto insurance policy in. Atlanta is listed at #2 with an annual cost of $1,405 for the average insured, which is approximately $117 monthly.
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Price information shown is approximated as the specific geographic location can raise or lower coverage prices considerably.
Determining which companies have the cheapest insurance rates for felons will involve a little more work than just comparing a company or two.
Each insurer has their own unique process to determine premium rates, so let's examine the most budget-friendly insurance companies in Atlanta, GA. It's a good idea to know that Atlanta insurance rates are impacted by many things which can substantially change the policy price. Simply having another birthday, buying a new vehicle, or having a fender bender can trigger changes in premium resulting in some companies being cheaper in comparison to the competition.
Cheap Insurance Rates for Felons
|Rank||Company||Cost Per Year|
|7||Georgia Farm Bureau||$1,299|
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Auto-Owners has some of the cheapest car insurance rates in Atlanta at around $855 a year. The Hartford, USAA, Central Mutual, and MetLife also rank well as some of the most economical Atlanta, GA car insurance companies.
As depicted above, if you buy coverage from Central Mutual and switched to The Hartford, you might achieve savings of upwards of $307. Policyholders with MetLife might save as much as $390 a year, and Travelers customers might lower prices by up to $393 a year.
These premiums are averages across all ages of drivers and types of vehicles and are not factoring in a specific location for felons. So the insurer that has the lowest price for you may not even be in the list above. That affirms the importance of why you need to compare as many prices as possible using your own specific driver and vehicle information.
The type of vehicle driven is one of the main factors when consumers are trying to find the lowest-priced insurance for felons. Vehicles with reasonable performance levels, advanced safety features, or a low likelihood of having liability claims will cost much less to insure than fast, unsafe models. The next list showcases auto insurance premiums for the most economical vehicles to buy insurance for.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLT 4WD||$1,513|
|Honda Accord LX 4-Dr Sedan||$1,614|
|Ford F-150 STX Super Cab 2WD||$1,622|
|Ford Explorer XLT 2WD||$1,655|
|Jeep Wrangler Sport 4WD 2-Dr||$1,666|
|Honda CR-V LX 2WD||$1,669|
|Chevrolet Impala LS||$1,715|
|Dodge Grand Caravan Hero||$1,748|
|Honda Odyssey EX-L W/Rear Entertainment||$1,844|
|GMC Sierra 2500HD SLE Extended Cab 4WD||$1,877|
|Ford Edge SEL AWD||$1,886|
|Chevrolet Silverado LTZ Extended Cab 4WD||$1,877|
|Chevrolet Malibu LS||$1,915|
|Volkswagen Jetta 2.0T Station Wagon||$1,940|
|Nissan Rogue SL AWD||$1,970|
|Chevrolet Equinox LT AWD||$1,976|
|Toyota RAV4 Sport 4WD||$1,985|
|Toyota Tacoma Double Cab 4WD||$1,976|
|Hyundai Elantra Blue 4-Dr Sedan||$1,981|
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Premium data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Georgia minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Price estimates do not factor in specific garaging location which can decrease or increase premiums substantially.
Looking at the numbers, we can presume that cars like the Ford Escape, Honda Accord, Ford F-150, Ford Explorer, and Jeep Wrangler are likely to be some of the cheapest vehicles to insure for felons.
Get discounts on Atlanta auto insurance rates
Insurers that provide coverage for felons may also provide premium discounts that can lower rates by 25% or more if you meet certain criteria. Larger insurance companies and some of the discounts are included below.
- American Family offers premium reductions for accident-free, good driver, defensive driver, Steer into Savings, and TimeAway discount.
- Farm Bureau has discounts for safe driver, youthful driver, good student, renewal discount, driver training, and multi-policy.
- State Farm policyholders can earn discounts including passive restraint, good driver, anti-theft, student away at school, safe vehicle, and good student.
- Travelers includes discounts for multi-car, good student, driver training, early quote, multi-policy, and payment discounts.
- The Hartford offers discounts for defensive driver, anti-theft, air bag, bundle, and driver training.
- GEICO may offer discounts for military active duty, emergency military deployment, daytime running lights, driver training, anti-theft, seat belt use, and federal employee.
- Progressive may have discounts that include multi-policy, multi-vehicle, online quote discount, continuous coverage, online signing, homeowner, and good student.
The diagram below shows the comparison of insurance rates with and without discounts applied to the rates. The premium estimates are based on a male driver, a clean driving record, no at-fault accidents, Georgia state minimum liability limits, full physical damage coverage, and $500 deductibles.
The first bar for each age group shows insurance cost with no discounts. The second shows the rates with multiple vehicle, claim-free, passive restraint, homeowner, marriage, and safe-driver discounts applied. In this example, the average amount saved each year on insurance for felons is 28% or $691.
Should you buy full coverage?
Paying less for insurance should be important to most vehicle owners, and one of the quickest ways to buy cheap insurance for felons is to buy only liability coverage. The information below shows the difference between insurance prices with full physical damage coverage compared to only buying the minimum liability limits required in Georgia. The premiums are based on no violations or accidents, $500 deductibles, marital status is single, and no discounts are applied to the premium.
As an average, physical damage coverage on your policy costs an extra $2,471 per year more than just buying liability only. At some point, every insured wonders if you should buy full coverage. There isn't a written rule of when to eliminate comprehensive and collision coverage on your policy, but there is a general school of thought. If the yearly cost of full coverage is about 10% or more of the replacement cost minus the deductible, then you might consider buying liability only.
For example, let's say your vehicle's replacement cost is $12,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $11,000 after paying your policy deductible. If you are paying more than $1,100 annually to have full coverage, then you might want to think about dropping full coverage.
The chart below shows how choosing a deductible can increase or decrease insurance costs when trying to find cheap insurance for felons. The rate quotes are based on a married male driver, full coverage, and no discounts are applied to the premium.
The data above shows that a 30-year-old driver could lower their car insurance rates by $304 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $460 by selecting a $1,000 deductible. Even younger insureds, such as the 20-year-old example, could potentially save as much as $912 or more by choosing a larger deductible amount.
If you do decide to increase your deductibles, it will now be necessary to have enough savings to allow you to cover the extra out-of-pocket expense associated with higher deductibles.