Georgia Homeowners Insurance

Georgia Homeowners Insurance

Residents in Georgia pay an average of $96 per month or $1,152 per year in home insurance premiums. 


There are  almost 4.3 million homes in the Peach State, sixty-three percent of which are owner-occupied.

The average monthly cost for a homeowner with a mortgage in GA is $1,351.

Residents in Georgia pay an average of $96 per month or $1,152 per year in home insurance premiums. 


There are  almost 4.3 million homes in the Peach State, sixty-three percent of which are owner-occupied.


The average monthly cost for a homeowner with a mortgage in GA is $1,351.

Shop around and save.

Compare insurers to find the cheapest rates around.

 

Georgia Statistics*

10,519,475

Population

$158,400

Average value of owner-occupied housing units

3,663,104

Households

$52,977

Average household income

86.3%

High school grad or higher, percent of people age 25 years +

28 min

Average travel time to work

*Data from the US Census Bureau


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Georgia has a fluctuating real estate market across its counties since it covers different geographical features, from port-side cities to hills with greenery. Just like there is diversity in the landscape due to nature, you will find a lot of variety in homeowners insurance as well.


Since it is on the Gulf Coast, the risks of natural disasters such as tornadoes, floods and hurricanes increase the insurance rates. In the northern areas of the state, however, the insurance premiums remain closer to the national average.


Due to the rates varying so much, it is important to research and find out good options that work for you when looking to cover your house with insurance.

Home insurance rates: GA vs Nationwide


The top insurance companies working currently in Georgia are national-level names such as State Farm, Allstate, Travelers, Liberty Mutual and USAA. They occupy the largest market shares and serve nearly 70% of all homeowners insurance needs in the state.


The average insurance rate that a Georgian homeowner pays is $1,152 per year (amounting to $96 per month), which is only slightly below the national average of $1,173 per year ($97 per month). It indicates that Georgia is just about at the average mark.


The cheapest homeowners insurance rate in the state was found to be in Cobb County at $1,117 per year ($93 per month), while the most expensive is Randolph County at $2,461 per year ($205 per month).


Since the effects of the recent natural disasters on the real estate market are fading, the prices on the Gulf Coast are starting to normalize as well, albeit slowly.

Average Georgia home insurance premiums

 20142015
Monthly average$91$96
Annual average$1,089$1,152
National annual average$1,132$1,173
Rank2022
Source: Insurance Information Institute

The best homeowners insurance companies in Georgia


We arrived at our best homeowners GA insurance companies through reviewing homeowners insurance reviews and customer satisfaction. A company must display financial strength in order to be deemed trustworthy to be able to pay claims when time comes. First and foremost a company’s customer service rankings is looked at and also its financial stability. The various discounts rates and variety of coverage that customers can choose from are also considered. The following are our top homeowner insurance companies in the Peach State.


State Farm


State Farm is the biggest insurer in the US and holds a significant 30% market share in Georgia. It is rated A++ (Superior) by AM Best, which indicates that people enjoy the wide range of coverage options it offers.


The availability of options depends from state to state. In Georgia, there are a plethora of options such as coverage for electrical generators, electricity lines and underground piping in homes. Since these are add-ons, they do not come with the standard insurance plan and are charged separately, so it is better to discuss which add-on you really need and can afford with your agent.


The company offers a great customer service experience. The claim hotline is open 24/7 to file claims, and the response and overall claim processing takes less time as compared to other insurance companies. Not to mention, the insurance provider is known for an extensive claim history.


However, online visitors do not fare well since the website lacks a good structure required to lead potential customers to the right resources. The HomeIndex tool lets you see which coverage options you have chosen and how much the annual premium is. It also lets you make a claim instantly in an emergency. 


Allstate 


Allstate is the second biggest home insurance provider in Georgia. The major benefit of Allstate is its competitive pricing. By carefully choosing your coverage options and discounts for low-end houses, you can easily save a lot on your policies. While other competitors offer a maximum discount of 15%, the best savings can be achieved using Allstate by bundling home and auto insurance to save up to 30% on your annual premium.


The low rates do no matter if a company does not have a good claim response history. Allstate is rated A+ (Superior) by AM Best in financial stability, which means it will never miss on a claim and even if it does, it might only be because it has too many claim proceedings going on. The customer service is not the best, but the claim response and pricing make up for it.


Browsing its website, it seemed easy to get information about its policies and there were no hidden details or catches that are later explained by agents, which is normally the case with other insurance websites.


Allstate gives you three options for quotes: standard, choice and premium. You can add or remove coverages to settle for a premium you are comfortable with.


Travellers


Travelers comes in at the top five market share holders in homeowners insurance in Georgia. It is also one of the more expensive insurance options in the state, giving you two insurance plans: Basic and Better. The Basic plan covers all the essential loss mitigations such as personal belongings, while the Better package gives you a handful of more nuanced coverage options.


You can substantially decrease your annual premium (even with the more expensive plan) by choosing to increase your deductible. Consider this option only if you are able to afford it.


Besides increasing your deductible, the general basic and better options are rather expensive.


Travelers also offers strong customer support. In fact, Consumer Reports gave it a score of 82. With an A++ (Superior) rating from AM Best for financial stability, it is generally known for its good claim history. You are likely to recover your loss in an emergency if you are insured by it.


The website does not go into too much detail and is not very informative. Without talking to an agent, it is difficult to compare policies and figure out the best option for yourself. On the other hand, State Farm and Allstate have more interactive and informative websites. Overall, though, the prices for the Better package offer a value good enough to be on this list.

Georgia home insurance companies: Market share and summary of ratings

RankInsurerMarket Share %AM BestS&PJD Power
1State Farm27.4A++AA3
2Allstate12.4A+AA3
3USAA10.0A++AA+5
4Travelers6.1AA3
5Liberty Mutual6.0AA3
6Auto-Owners4.1A++AA3
7Georgia Farm Bureau3.6B+ApiNR
8Farmers3.5AA3
9Nationwide Mutual3.5A+A+3
10COUNTRY Financial2.8A+NR3

NR: Not rated
Source: Insurance Information Institute

A final note on our top companies in GA


We've used the data from Insurance Information Institute (III) to determine which insurers are the most popular in-state. We've gathered the providers who hold the largest market share in terms of direct premiums written in homeowners insurance as per III. Although we covered the top 2, we decided to not cover USAA, as the company caters to military personnel and their families only. It's also worth noting that it's not possible for us to review all of the homeowners insurance providers in Georgia, meaning that another company not mentioned in this article may be better suited for your individual needs providing better rates and better coverage. We hope that the three companies we did cover will give you helpful insights to help your research and we highly suggest to get quotes from other companies in your area. Our free online tool is great at gathering companies that are in your area which helps save time as we provide you with a list right away.


As a homeowner in Georgia, the variety can be confusing as you can find rates with a certain company that are higher than others. The companies we listed offer customizability of your insurance deal by allowing you more freedom to choose between different coverages and providing discounts.

The only way to guarantee the safety of your home is to get a comprehensive homeowners insurance policy. Home-related emergencies can happen when you least expect them, leaving you with an extraordinary expense that you may not be able to pay for. Insurance protects you from this worst-case scenario.


It’s not hard to get a Georgia homeowners insurance policy that is right for you. You just need to learn a little bit about how these policies work.


What is homeowners insurance all about?

Homeowners insurance in Georgia is just like any kind of policy in any state. You pay the insurance company a monthly premium in exchange for them agreeing to support you if your home is damaged.


When a catastrophic home event occurs, you can end up liable for extraordinarily expensive repair costs. Getting an insurance policy means that the insurance company will be the one responsible for these payments, not you. This is the only way to protect yourself from the worst-case scenario.


Even if you have great finances, why risk putting it all in jeopardy? Georgia home insurance is the best way to protect yourself from any future emergencies.

What to look for in a policy


Not all homeowners insurance policies are the same. You need to do your due diligence so that you know you have enough coverage to take care of your needs.


While these policies are usually comprehensive, ask your insurance agent to clearly explain what is and isn’t covered. One example of an event that catches people off-guard is flooding. Most home insurance policies do not cover flooding, and many homes have been damaged this way.


Don’t be afraid to ask for wider coverage or shop around if you aren’t satisfied with the first offer you receive. You can usually find a policy that works for you.


How much does home insurance cost in GA?


Georgia homeowners insurance is priced based on the value and location of your home. It also depends on what kind of policy you choose to purchase.


Some policies pay for the full cost of repairs, ensuring that you can get your house fixed without spending much money. Other policies are cheaper, but only cover the current value of the home when it is damaged. Since homes depreciate over time, this is a risky proposition.


The average cost of a monthly home insurance premiums in Georgia is $1,152 in 2015 (latest available data from III). This is right around the national average of $1,173. When in doubt, get as many quotes from multiple providers to ensure you're getting the best deal around and research the companies to ensure that you've picked a reliable company.

For more assistance, please contact your local state department of insurance:

Georgia Office of Insurance

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