You can get a quick estimate of car insurance costs in Georgia using MoneyGeek’s car insurance calculator. We also analyzed different criteria that impact the cost of car insurance to help you understand the factors that may be driving up your premiums.
Georgia Car Insurance Calculator: Estimate Your Car Insurance Costs
Updated: November 21, 2024
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Rates updated:
Nov 21, 2024
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Although MoneyGeek partners with some of the companies we recommend, our content is written and reviewed by an independent team of writers, editors and licensed agents. Learn more about our editorial policies and expert editorial team.
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Georgia Car Insurance Calculator: How it Gets You an Instant, Free Estimate
To get a finalized car insurance quote in Georgia, insurers will require you to provide details about yourself and the car you want to be insured. This process takes an average of 10 to 15 minutes.
MoneyGeek’s car insurance calculator for Georgia allows you to get an estimate of car insurance rates per year or per month based on your age, driving record, vehicle type and coverage levels.
Our calculator shows the factors that have the biggest impact on car insurance in Georgia are adding a teen driver to a policy, the driver's age and coverage level. However, the biggest factor for you may change depending on your unique combination of characteristics.
The cheapest insurance company in Georgia for you depends on several factors, but our calculator can get you a close estimate. Our default driver pays $734 per year for car insurance with GEICO, the cheapest widely-available insurer in Georgia.
While cost is important, the quality of coverage and customer service are also important factors to consider when looking for the best car insurance company.
FACTORS TO CONSIDER WHEN GETTING A CAR INSURANCE ESTIMATE IN GEORGIA
- You can use MoneyGeek’s car insurance calculator to get quick estimates or browse our collection of sample driver profiles to find the cheapest car insurance in Georgia.
- MoneyGeek analyzed the average cost of car insurance in Georgia to help you compare car insurance rates for different states.
- MoneyGeek ranked the best car insurance companies in Georgia to help you find the best balance of affordability and quality service.
How Car Insurance Premiums are Calculated in Georgia
Car insurance companies in Georgia use a variety of factors to determine the cost of your car insurance. In Georgia, adding a teen driver to your policy, your age and the level of coverage you choose are the most important factors when insurers are calculating your premiums. Adding a teen driver to your policy can be the biggest impacting factor on your rates. This may increase your car insurance premiums by 3.1x in Georgia.
How Much Adding a Teen Driver Matters in Calculating Car Insurance in Georgia
When you add a teen driver to your policy in Georgia, your car insurance costs can increase by 3.1x. This is because inexperienced young drivers are at a higher risk for accidents. As a result, insurers charge more to insure them.
How Much Age of Driver Matters in Calculating Car Insurance in Georgia
Age is an important rating factor in the cost of car insurance in Georgia. Middle-aged drivers tend to be at a lower risk for accidents compared to younger drivers as well as senior drivers. This means that car insurance rates in Georgia will be significantly higher for 19- to 20-year-old drivers compared to middle-aged drivers who are 40 years of age.
Car insurance premiums in Georgia can increase by 2.6x depending on your age.
How Much Coverage Levels Matters in Calculating Car Insurance in Georgia
The level of coverage you purchase will impact how much you pay for car insurance in Georgia. The higher the level of coverage you choose, the higher your premiums are likely to be. A liability-only policy in Georgia is the most affordable option. The highest annual rate is for full coverage car insurance with liability limits of 100/300/100 and a $500 deductible.
Your premiums in Georgia can vary by 2x depending on your coverage levels.
How Much Credit Score Matters in Calculating Car Insurance in Georgia
Credit score impacts how much you pay for car insurance in Georgia. Drivers with excellent credit scores will typically pay less for car insurance compared to drivers with poor credit scores, as they are less likely to file claims.
Georgia drivers with a poor credit score pay 2x more for car insurance compared to those who maintain an excellent credit score.
How Much Car Model Matters in Calculating Car Insurance in Georgia
Insurers consider the car model you want to insure when calculating car insurance costs in Georgia. Luxury cars that cost more to repair will typically have higher insurance costs compared to low-value cars. This is because insurance providers will usually consider how much it would cost to repair or replace your car in case of damage or loss when determining the appropriate premiums.
In Georgia, your car insurance rates can increase by 2x if you are insuring a luxury car.
How to Calculate How Much Car Insurance You Need in Georgia
If you want to get a car insurance quote, it is important to first figure out how much car insurance you need. How much insurance you buy will significantly impact the cost of your car insurance in Georgia.
Georgia laws require all drivers to have minimum coverages of bodily injury liability per person and per accident and property damage liability. However, buying comprehensive coverage and additional liability coverage may offer better protection depending on your particular needs.
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Understand Georgia car insurance requirements
You can calculate how much car insurance you need in Georgia by looking up Georgia’s minimum car insurance requirements. A state minimum policy in Georgia only protects you for $25,000 bodily injury liability per person, up to a total of $50,000 bodily injury liability per accident and $25,000 for property damage. This means you are not covered for damage to your car since Georgia law does not require you to have comprehensive and collision insurance.
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Consider Purchasing Additional Liability Insurance
If you want to protect yourself against the costs of a major accident, you may need to purchase additional liability insurance above the Georgia state minimums.
A policy with $300,000 in bodily injury liability per accident costs an average of $1,355 per year in Georgia compared to roughly $892 per year for a minimum liability policy.
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Decide whether or not to buy comprehensive and collision insurance
When you want to calculate how much car insurance you need in Georgia, it is important to consider whether or not you need a full coverage policy. A full coverage policy carries comprehensive and collision insurance to cover you for damages to your car.
The cost of adding comprehensive and collision coverage with a $1,000 deductible is an average of $390 per year in Georgia. However, if the value of your car is lower than the cost of a comprehensive insurance policy, a liability-only policy might be more cost-effective.
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Consider buying additional protection besides these core coverages
Uninsured motorist insurance is not required in Georgia. However, since up to 12.4% of motorists in Georgia are uninsured, uninsured motorist insurance is an affordable way to protect yourself in case of an accident with an uninsured driver who is at fault.
Georgia drivers can also opt to purchase medical payments coverage to cover the cost of medical expenses in a crash.
Frequently Asked Questions About How Car Insurance is Calculated in Georgia
You can find out more about car insurance costs in Georgia from answers to the most frequently asked questions below.
How can I estimate how much my car insurance costs in Georgia?
You can estimate how much your car insurance costs in Georgia using MoneyGeek’s car insurance calculator. Alternatively, you can contact an insurer and provide your personal information as well as coverage requirements to get an accurate quote.
What are the most important factors companies use to calculate auto insurance costs in Georgia?
The most important factors used by insurers to determine car insurance costs in Georgia are whether you add a teen driver to your policy, the age of the driver and the level of coverage purchased.
How do I calculate how much car insurance I need?
You can calculate how much car insurance you need in Georgia by factoring in the state minimum requirements as well as the level of coverage you need based on your profile. Adding comprehensive and collision insurance to your policy will cost more but will help you cover the cost of damage to your car.
Methodology
MoneyGeek partnered with Quadrant Data Services to get car insurance quotes from across Georgia. Our data science team analyzed how personal factors impacted cost and incorporated our findings into our calculator to provide users with an accurate estimate of their expected yearly auto insurance costs. Read more about our methodology here.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.