Cheapest Car Insurance for Low-Income Drivers in Georgia (2024)

The cheapest car insurance company for individual drivers with low income and poor credit history is Country Financial at $52 per month. For families with low income, the most affordable provider is Auto-Owners at $65 per month.

Georgia does not offer state-backed car insurance programs for families and individuals with low income. Finding the provider with the most affordable rate is one option to manage costs, and there are also ways to get discounts to help alleviate the cost of car insurance.

While minimum coverage will help you drive legally, there are downsides. For example, in an at-fault accident, minimum coverage may not cover all damages, leaving you financially responsible for the difference.

Car insurance companies in Georgia do not consider your income when calculating rates. Instead, they look at factors like your age, driving record, credit history, and the type of car you drive. At-fault accidents and moving violations can increase your rates, so it's important to maintain a clean record.

The best way to find the cheapest rates is to compare quotes from several insurance companies. By doing this, you can see which insurer offers the most affordable plan for your needs.

If your budget is tight, a basic minimum coverage policy is often the cheapest way to stay legal on the road. For drivers who rarely drive, pay-per-mile insurance can be the best option to save money. MoneyGeek rounded up the cheapest insurers for low-income drivers in Georgia to help you save.

To legally drive in Georgia, you must carry the state's minimum car insurance requirements. Your policy should include at least the following liability coverage amounts:

• $25,000 for bodily injury liability per person
• $50,000 for bodily injury liability per accident
• $25,000 for property damage liability per accident

Georgia law does not require uninsured motorist coverage, personal injury protection (PIP), or medical payments coverage as part of the state minimum.

If you're on a tight budget, a liability-only car insurance may suffice, covering expenses for the other driver if you're at fault in an accident but not your own vehicle. However, for protection against a broader range of incidents, including damages to your car, consider a full coverage car insurance policy. This includes collision and comprehensive coverages, safeguarding against theft, vandalism, and natural disasters.

For instance, if you reside in an area of Georgia prone to severe weather or high theft rates, full coverage might be a wise choice. Understanding the risks and benefits of each coverage type is crucial in determining the right policy for your needs.

Credit history is crucial for drivers with low income as it can affect car insurance premiums in Georgia. Poor credit history can signal higher risk to insurers, leading to higher premiums. In Georgia, credit history can influence car insurance rates, making it essential to maintain a good credit record to secure affordable premiums.

The cheapest car insurance companies for drivers with low-income and poor credit record in Georgia are:

• Country Financial: $628 per year, $52 per month
• Mercury: $730 per year, $61 per month

Drivers with low income but good credit can get the cheapest car insurance in Georgia from:

• Country Financial: $412 per year, $34 per month
• Auto-Owners Insurance Co: $490 per year, $41 per month

It's important to get state minimum coverage as it's illegal to drive without a car insurance policy. Driving without insurance in Georgia is considered a misdemeanor and can lead to suspension of your driver’s license, vehicle registration, fines ranging from $175 to $1,000, and other penalties.

While your income doesn't change car insurance rates, your family makeup can influence your premiums. In Georgia, a single parent with a teen sees an annual rate difference of $521 when compared to married couples with a teen, who can secure rates cheaper by $521 per year.

The cheapest car insurance companies for married couples with a teen in Georgia are:

• Auto-Owners: $777 per year; $65 per month
• Allstate: $832 per year; $69 per month

For single parents with a teen, the most affordable options are:

• Auto-Owners: $1,298 per year; $108 per month
• Allstate: $1,972 per year; $164 per month

Married couples with a teen in Georgia can enjoy more wallet-friendly car insurance rates, while single parents face steeper premiums. A solid credit score is key for anyone looking to land more affordable car insurance rates.

Car insurance premiums generally decrease as you reach the early senior years, typically around age 55 to 65, especially if you have a clean driving record.

The two cheapest car insurance for senior drivers with low-income and poor credit history are:

• Country Financial: $46 per month, $556 per year
• GEICO: $55 per month, $660 per year

After the age of 70, car insurance rates typically increase as older drivers are statistically considered higher risk. This trend continues each year, meaning premiums generally rise as seniors age. In Georgia, there are specific laws and guidelines for seniors getting car insurance.

Many factors influence car insurance rates. Although your income doesn't affect the price directly, you might pay more if a low income leads to a poor credit record. Understanding these factors can help you find the best car insurance for your needs.

There are several ways to find affordable car insurance in Georgia. Even if you don’t qualify for state-sponsored programs, you can still save money on your car insurance. Understanding these strategies can help you get the coverage you need without breaking the bank:

Finding affordable car insurance can be tough for low-income drivers in Georgia. Get answers to some of the most commonly asked questions about low-income car insurance in Georgia.