If you are searching for the best homeowners insurance in Albany, you have come to the right place. We will show some of the most affordable homeowners insurance policies in this scenic town.
Albany is a vibrant and friendly city located in the southwest area of Georgia. It is a 3.5-hour drive from Atlanta through the Interstate 75. It is the eighth largest city and the state’s southwest hub. Albany is a major agricultural city, producing farm products like pecans and peanuts. With its steady economy and services, Albany is a good place to live in.
Named after New York’s capital, this city started to grow when several cotton farms were in operation in the 17th century. The city came to prominence in the 19th century as it was served by railroads and riverboats. In the past, the Flint River played an integral role in building the economy of the city. Over time, the city expanded on both sides of the river. Today, there are many reasons why families choose to live in Albany, Georgia. These include the affordable cost of living, small-town vibes, and mild winters.
Perhaps the only downside to living in Albany is the sweltering summer heat and the plain downtown area. Nevertheless, the city’s downtown area has recently gone through several renovations with improved riverside parks. You will have plenty of choices if you are looking for an affordable homeowners insurance in this city.
Demographics
- Population: 75,249
- Households: 28,496
- Person per household: 2.48
- Average family size: 3.14
- Median value of owner-occupied homes: $101,000
- Median gross rent: $695
- Median household income: $31,843
- Total housing units: 32062
- Occupied housing units: 28620
- Vacant housing units: 3442
- For seasonal, recreational, or occasional use: 115
Average Homeowners Insurance Costs In Georgia
One of the best states to live if you are looking for an affordable homeowners insurance in Georgia. The state ranks at number 30 in the entire country when it comes to the cost of insurance. Even when some parts of Georgia are obviously near the ocean, it does not experience as severe hurricane damage compared to its neighbor, Florida. The average cost of homeowners insurance in Georgia is $1,200 per year.
Home Insurance Companies in Albany
With the affordable cost of living and low cost of real estate in Albany, Georgia, it is not surprising that insurance here is also considerably lower. Check out the premium rates for homes valued at $200,000 here:
| Company | $1000 Deductible |
| Alfa | $1182 |
| American Family | $710 |
| American National General | $774 |
| Amica Mutual | $1597 |
| Central Mutual | $1193 |
| Chubb National | $1446 |
| Country Mutual | $765.48 |
| Integon National | $996 |
| Massachusetts Bay | $1299 |
| QBE | $1437 |
| First Protective | $1033 |
| Safeco Insurance Company of Indiana | $1150.78 |
| Memberselect | $1026.69 |
| Old Dominion | $1066 |
| Owners | $655.11 |
| Trustguard | $1182 |
In this table, it shows that the top three most affordable insurance companies in Albany, GA, are the following: Owners, American Family, and American National General.
Identifying Hazards in Albany Georgia
Living in Albany, Georgia means a more affordable cost of living however it is not without any hazards. If you are planning to live here it is important to know the different hazards that your homeowners insurance should have coverage for. The most common hazards in Albany is river flooding, urban flooding, tornados, wind damage, and property damage.
Albany is located on both sides of the Flint River, and homes located near the river and its surrounding waterways may be in danger of flooding. You need to make sure that your property has adequate flood or water damage insurance. The city also has a history of experiencing tornados which can cause significant damage to properties.
Theft and Burglaries in Albany Georgia
Albany Georgia also has a higher incidence of theft (larceny) and burglary compared to the overall data of the state. In 2018, there are 1200.7 per 100,000 reported burglaries in the city. Moreover, there are 4163.4 reported larceny per 100,000 residents. So if you own valuables like jewelry, art, or expensive electronics you might want to consider getting additional insurance for these.
Factors to Consider When Choosing Your Homeowners Insurance
There are several factors to consider if you are looking for the right homeowners insurance in Albany, Georgia. After all, insurance will provide your home and the property with the right protection.
- Financial Standing – One of the first things that you need to review is the financial standing of an insurance company. Make sure they are capable of paying back claims especially if there is a history of mass damage in your area.
- Customer Service – Consider the ease of filing a claim as a priority when choosing an insurance company. Many homeowners find themselves having difficulties when dealing with claims costing them even more financial issues.
- Pricing – Make sure to review your policy before completing your purchase. Use a rate comparison website to ensure that you are getting the best type of coverage for the money that you invested.
