How Much Is Home Insurance In Georgia? 2025 Rates

The average cost of homeowners insurance in Georgia is $2,0004 per year. This is for a policy with $300,000 in dwelling coverage.

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Written by Bob Phillips
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Homeowners in Georgia typically pay around $163 per month for a homeowners insurance policy that covers $300,000 in property damage. Georgia faces a range of severe weather risks, such as floods, hurricanes, thunderstorms, and tornadoes, all of which can lead to property damage and raise insurance premiums.

With over 20 years of experience in the industry, I can confirm that home insurance costs are at an all-time high. However, with some effort and research, it’s possible to find an affordable insurance provider. Here’s everything you need to know about home insurance costs in Georgia.

Key Takeaways

  • The average cost of homeowners insurance in Georgia is $2,004, which is lower than the national average of $2,423.

  • Tornadoes, a frequent natural disaster in Georgia, are typically included in homeowners insurance coverage.

  • Higher coverage limits and lower deductibles usually lead to higher insurance costs.

  • Rates can differ depending on factors such as the insurance company, your location, claims history, credit score, coverage level, and the age of your home.

  • The best way to determine your home insurance cost in Georgia is by getting quotes from several insurance providers.

How Much Is Homeowners Insurance In Georgia?

Homeowners insurance in Georgia typically costs around $2,004 annually, for dwelling coverage of $300,000. However, the price can vary depending on factors like your home’s location, the amount of coverage, your claims history, credit score, and the age of the property. Due to Georgia’s exposure to severe weather risks such as hurricanes, tornadoes, and floods, insurance rates are often higher than in other states.

Average Home Insurance Cost In Georgia – By Insurance Carrier

Homeowners insurance premiums in Georgia can differ greatly between providers, even for similar coverage. For example, Allstate offers rates lower than the state average, while Nationwide tends to have higher premiums.

With many options available, you’ll have a better chance of finding a policy that suits both your insurance needs and budget.

Insurance Carrier Average Annual Premium
Allstate $1,204
Travelers $1,976
Auto-Owners $1,504
Farmers $1,943
USAA $1,934
Chubb $2,058
Nationwide $2,405

Note: What works as the best policy for someone else may not be the right fit for you, so it’s essential to compare options.

Average Home Insurance Cost In Georgia – By Claims History

The cost of homeowners insurance in Georgia can be influenced by your claims history. If you’ve made several claims in the past, insurers may charge you higher premiums because they consider you a higher risk. Conversely, if you have a clean claims record, you may receive lower rates.

Insurance companies take your past claims into account when determining how much you’ll pay for coverage, so maintaining a good claims history can help reduce your costs.

Number of Claims Average Annual Premium
None $2,012
1 $2,411
2 $2,742

Note: Your claims history is a key factor in determining your homeowners insurance premium. Even a single claim can increase your rates, especially if it’s recent.

Average Home Insurance Cost In Georgia – By Credit Score

In Georgia, homeowners with poor credit typically pay an average of $10,061 per year for homeowners insurance. This is $8,054 higher than the state’s average of $2,007. Insurance companies often view individuals with lower credit scores as higher risk, which results in significantly higher premiums.

Improving your credit score can help lower your insurance costs over time, as many insurers offer better rates to those with stronger credit. Therefore, maintaining a good credit history can be a smart strategy to save on homeowners insurance.

Credit Score Annual Average Premium
Poor (300-579) $10,061
Fair (580-669) $4,645
Good (670-739) $2,752
Very Good (740-799) $2,007
Excellent (800-850) $1,603

Average Home Insurance Cost For New Homes In Georgia

The average cost of homeowners insurance for new homes in Georgia is typically lower than for older homes. On average, you can expect to pay around $1,100 to $1,400 annually for a new home, depending on the coverage amount, location, and other factors. New homes often have lower premiums because they are built with modern materials and up-to-date safety features, which reduce the risk of damage.

However, costs can still vary based on factors like the home’s size, the neighborhood’s risk for natural disasters, and the insurer you choose.

Age of Home Average Annual Premium
New $1,253
10 $2,007
20 $3,691
30 $4,901

Note: In the past 15 years, about 70% of Georgia’s 159 counties have faced significant flooding, leading to federal disaster declarations. However, typical homeowners insurance policies usually do not cover damage caused by floods.

Average Home Insurance Cost In Georgia – By Coverage Amount

The average cost of homeowners insurance in Georgia varies depending on the amount of coverage you choose. For a basic policy with $100,000 in dwelling coverage, the average premium is typically around $1,000 to $1,200 per year. For more comprehensive coverage, such as $300,000 in dwelling protection, the average annual premium rises to approximately $2,200.

If you opt for higher coverage limits, such as $500,000 or more, your premium can go up to $3,700 or higher. The cost will also be influenced by other factors like your home’s location, age, and claims history.

Coverage Limit Average Annual Premium
$100,000 $1,106
$250,000 $2,007
$500,000 $3,700
$750,000 $5,271
$1,000,000 $12,133
$2,000,000 $16,574
$3,000,000 $25,553

Average Home Insurance Cost For Different Cities In Georgia

The average cost of homeowners insurance in Georgia can vary significantly depending on the city. For example, as Georgia’s largest city, homeowners insurance premiums are higher, averaging around $2,100 to $2,400 per year due to its size, population density, and higher risk of severe weather.

Below are a few examples of rates you can expect in various cities within Georgia.

City Average Annual Premium
Atlanta $2,013
Columbus $2,056
Athens-Clarke $1,694
Sandy Springs $1,810
Valdosta $1,955
Savannah $3,093

How To Estimate Your Homeowners Insurance Policy Cost

Figuring out how much homeowners insurance will cost can be a bit confusing, but understanding the main factors can make it easier. Your insurance cost depends on things like your home’s value, where it’s located, the amount of coverage you need, and your personal history. Here’s a simple guide to help you estimate the cost of your homeowners insurance.

1. Find Your Home’s Replacement Value

This is how much it would cost to rebuild your home if it were completely destroyed. It’s different from your home’s market value and depends on things like size, materials, and location. Knowing this amount will help you choose the right amount of coverage.

2. Decide On Your Coverage Needs

The more coverage you get, the higher your premium will be. Standard homeowners insurance includes coverage for the home itself, personal belongings, liability, and temporary living expenses if you need to move out while repairs are made. Decide how much protection you want for each area.

3. Think About Your Home’s Risk Factors

Your home’s location and age can affect your premium. Homes in areas with risks like floods, hurricanes, or wildfires usually have higher insurance costs. Also, older homes may cost more to insure because they may need more repairs or have outdated systems.

4. Choose Your Deductible

A higher deductible means lower monthly payments, but you’ll pay more if you file a claim. Think about what you can afford and how much risk you’re willing to take on when deciding your deductible.

5. Check Your Claims History

If you’ve filed a lot of claims in the past, your premiums might be higher. Home insurance companies may charge more if they see you as a higher risk. A clean claims history can help keep your rates lower.

6. Consider Extra Coverage

If you need additional coverage for things like floods or earthquakes, keep in mind that these options will raise your insurance costs. Make sure to include any extras you want in your estimate.

7. Get Quotes From Multiple Companies

Different insurance providers can offer different prices for similar coverage, so it’s a good idea to get quotes from several companies. This will help you find the best deal.

Note: When choosing your deductible, it’s crucial to find a balance between what you can afford to pay upfront in the event of a claim and the monthly premium you’re comfortable with. While a higher deductible will lower your monthly premium, it also means you’ll need to pay more out of pocket if something happens to your home.

How To Buy Home Insurance In Georgia

Buying homeowners insurance in Georgia is a simple process, but it's important to take the right steps to ensure you get the best coverage at the best price. Here’s a step-by-step guide to help you through the process:

Determine Your Coverage Needs

Before you start shopping for home insurance, assess how much coverage you need. This includes coverage for the structure of your home, personal belongings, liability protection, and additional living expenses in case you need to temporarily move out.

1

Gather Information About Your Home

Insurance companies will ask for details about your home to determine your premium. Be prepared to provide:

  • The age and condition of your home
  • The square footage and layout
  • The materials used in construction (roof type, plumbing, etc.)
  • The location of your home and its proximity to flood zones or other risks
  • Any recent renovations or updates
2

Check for Discounts

Many insurers offer discounts that could lower your premium. These can include:

  • Bundling home and auto insurance with the same provider
  • Having a good credit score or a claims-free history
  • Being a member of certain organizations or groups
3

Get Quotes from Multiple Providers

 Shop around and get quotes from several insurance companies. Each insurer may offer different rates for similar coverage, so comparing multiple quotes will help you find the best deal.

4

Finalize Your Purchase

Once you’ve chosen an insurance provider and policy, you can finalize your purchase. You’ll need to sign the policy and pay your first premium, which may be due upfront or in installments. Make sure to read the policy carefully and ask any questions if you’re unsure about certain terms.

5

Review Your Policy Annually

 Homeowners insurance needs can change over time. Review your policy annually to ensure it still fits your needs, especially if you’ve made improvements to your home or experienced major life changes.

6

FAQs

Why is homeowners insurance in Georgia so expensive?:

Homeowners insurance in Georgia is expensive due to the increased risk of severe weather like hurricanes, floods, tornadoes, and thunderstorms. These risks can lead to significant damage, raising insurance costs. However, despite these factors, the average cost of homeowners insurance in Georgia is still below the national average.

How much is homeowners insurance per month in Georgia?

The average cost of homeowners insurance in Georgia is about $163 per month, for a policy with $300,000 in dwelling coverage. However, the actual monthly premium can vary depending on factors like your home’s location, size, and coverage needs.

Sources

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