Updated: November 21, 2024
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In Georgia, the average homeowners insurance premium in 2024 is $2,004, lower than the national average of $2,423. Aside from coverage amount, credit rating influences premiums the most, with a range from $1,607 to $10,066 based on creditworthiness.
If your rates have recently increased, our analysis of the cheapest plans in Georgia could be your guide to more affordable coverage. Remember, the insurance provider you choose also plays a role in determining your premium.
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — it’s free, no personal information required, no spam.
Rates updated:
Dec 02, 2024
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Table of Contents
To establish the average cost of homeowners insurance in Georgia, MoneyGeek used quotes from various providers for a profile that reflects the average homeowner.
These rates reflect the average cost of car insurance in Georgia as of 2024.
In Georgia, homeowners insurance averages $2,004 for policies with $250K in dwelling coverage, $125K in personal property coverage and $200K in liability coverage. This cost is less than the national average of $2,423.
It's important to selecti the right amount of coverage. Your policy should be sufficient to rebuild your home in the event of a total loss. It should also cover your personal property, additional structures and liability.
Coverage choices impact your premium. In Georgia, a policy offering $100K in dwelling coverage costs an annual premium of $1,104. If you own a larger property and need $500K in dwelling coverage, the average premium is $3,620. These premiums reflect the value of the property insured and the level of protection provided.
| $100K Dwelling / $50K Personal Property / $100K Liability | $1,104 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $2,004 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $3,620 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $5,267 |
Premiums for homeowners insurance in Georgia vary significantly among providers, even for comparable coverage levels. For instance, Auto-Owners Insurance offers a notable decrease from the state average, while State Farm's premium sits at the higher end of the spectrum.
For those searching for the right balance of cost and coverage, there are plenty of great providers in Georgia. Differences in underwriting processes, coverage options and company discounts can influence the rates you receive.
| Auto-Owners Insurance | $1,501 |
| Allstate | $1,819 |
| USAA | $1,936 |
| Farmers | $1,947 |
| Travelers | $1,956 |
| Chubb | $2,056 |
| Nationwide | $2,401 |
| State Farm | $2,414 |
Homeowners in Georgia with poor credit ratings pay an average annual premium of $10,066 for homeowners insurance, which is $8,062 more than the state average of $2,004. Conversely, those with excellent credit pay $1,607 annually, saving $397 below the average.
While you may not be able to improve your credit score immediately, you can enhance it over time to lower your rates. In the short term, you can compare insurers to see which will save you the most.
| Poor | $10,066 |
| Below Fair | $4,640 |
| Fair | $2,758 |
| Good | $2,004 |
| Excellent | $1,607 |
The type of roof on your home plays a role in determining your homeowners insurance premium. In Georgia, materials that are more durable, like tile, can lead to lower insurance costs. On the other hand, less resilient materials such as shake-treated roofs may result in higher premiums.
Similarly, the construction type of your home affects your insurance rates. Homes built with materials that are more resistant to common perils like fire, classified as superior construction, often have lower insurance premiums. Conversely, standard frame construction, which may not be as resilient to severe weather, tends to come with higher insurance costs.
Use the drop-downs in the table below to see how premiums change based on your home's materials.
| $100K Dwelling / $50K Personal Property / $100K Liability | $1,104 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $2,004 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $3,620 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $5,267 |
| $1M Dwelling / $500K Personal Property / $1M Liability | $6,959 |
Insuring new construction in Georgia typically costs less than covering an existing home. The average annual premium for new homes is $1,250, showing a $754 decrease from the $2,004 average for older homes. The table below illustrates how premiums vary between new and existing homes based on the coverage amount selected.
| Existing Construction (2000) | $2,004 |
| New Construction (2023) | $1,250 |
In Georgia, homeowners with a claim-free history of five or more years pay an average annual premium of $2,004 for their insurance. However, filing just one claim in the past five years can increase that average premium to $2,399, which is $395 more than those without claims. For homeowners with two claims within the same timeframe, the average jumps to $2,740, marking a $736 increase from the claim-free baseline. These figures underscore the impact that claims history can have on insurance costs in the state.
| Claim free for 5+ years | $2,004 |
| 1 claim in past 5 years | $2,399 |
| 2 claims in past 5 years | $2,740 |
In Georgia, hurricanes, tornadoes and wildfires pose the greatest threats to homes. While homeowners insurance typically covers damage from wildfires and tornadoes, it doesn't cover floods. Understanding what your policy covers is key.
For the cities we analyzed, we found premiums ranging from $1,691 to $3,092 per year. In Athens-Clarke, homeowners insurance averages at $1,691 annually, while Savannah's average is notably higher at $3,092.
Location impacts premiums due to varying risks like crime rates and weather patterns. City-based factors can be as influential as credit ratings and coverage amounts on insurance costs.
| Athens-Clarke | $1,691 |
| Atlanta | $2,017 |
| Augusta-Richmond | $1,910 |
| Columbus | $2,054 |
| Macon-Bibb | $1,927 |
| Sandy Springs | $1,810 |
| Savannah | $3,092 |
| Valdosta | $1,950 |
Shopping for home insurance in Georgia can be a smooth process, and a good deal is within reach. By understanding the market and knowing what influences costs, you're on your way to finding the best deal for you. Here's how to find the best deal for you.
Ask about bundles and discounts.
Choose insurers with good claims experiences.
Higher deductible can mean lower premiums.
Buy the policy that suits your needs.
Homeowners can enjoy potential savings by bundling their home and auto insurance policies in Georgia. MoneyGeek's analysis reveals that the average savings on the combined cost of auto and home insurance can range from $369 to $1,031 per year, with an average percentage savings of about 16%. Opting for a multipolicy bundle might not only simplify your insurance management but also provide a substantial discount.
Georgians can benefit from various homeowners insurance discounts.
Remember, to maximize your savings potential, inquire about all available discounts when requesting a quote.
In Georgia, Auto-Owners Insurance offers the lowest average premium at $1,501 per year. More options are available with cheap national providers.
Tornadoes, a common natural disaster in Georgia, are generally covered under homeowners insurance.
Flood insurance is not typically included in a standard home policy. It can be purchased through the National Flood Insurance Program or a private flood insurer, and some home insurers offer it as an endorsement.
Credit rating is a significant factor; poor credit may lead to premiums as high as $10,066, while excellent credit might see rates around $1,607.
On average, Georgians can save around 16% by bundling their home and auto insurance. Savings vary from $369 to $1,031 per year.
For those seeking further information on homeowners insurance in Georgia, the following resources can provide valuable guidance:
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.
