Insurance
Georgia Homeowners Insurance Calculator: Free Cost Estimator (2024)
Updated: November 10, 2024
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Dec 24, 2024
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MoneyGeek reviewed insurers with the most affordable homeowners insurance in Georgia and found that Farmers is the cheapest provider overall.
For Georgia residents looking for a balance of affordability and quality service, we also ranked the best homeowners insurance companies in Georgia based on cost, customer service record and claims experience.
How to Estimate the Cost of Your Homeowners Insurance Policy in Georgia
In Georgia, average home insurance costs can vary based on individual factors like the dwelling coverage amount and personal property limits required. To get an accurate home insurance estimate, you need to get a personalized quote for your profile.
To find out how much home insurance costs in Georgia based on your profile, you can input the following factors into MoneyGeek’s Georgia homeowners insurance calculator.
Georgia
The average cost of homeowners insurance will vary depending on where you live. In states with high occurrences of crime, natural disasters and other risks, home insurance costs tend to be higher because there is a higher probability of filing a claim. On average, homeowners in Georgia pay more for home insurance compared with the national average.
Dwelling Coverage
The dwelling coverage in your policy is the actual cost it would take to rebuild your home. The average dwelling coverage for Georgia is $250,000, but this can vary based on individual factors, including the size and age of your home. Homes that cost more to rebuild typically have higher dwelling coverage amounts and will cost more to insure compared with those that are less expensive to rebuild.
Deductible
Your deductible is the amount you need to pay when filing a claim. If you choose a policy with a high deductible, you will pay less in premiums. However, if you need to file a claim, your out-of-pocket costs will be high. In contrast, a home insurance policy with a low deductible costs more each month but will cost less out of pocket when filing a claim.
Liability
Liability insurance protects you against costs you may incur if a third party is injured in your home or their property is damaged. It pays for costs like medical expenses and legal costs if a suit is filed against you. The amount of liability insurance in your home insurance policy impacts your premiums, but you can add thousands of dollars to your liability insurance for just a few extra dollars.
Personal Property
Furniture, electronics and other personal items in your home are covered under personal property coverage. If your personal property value is high, you will pay higher premiums for your homeowners insurance. This coverage is important since it ensures you will be reimbursed for losses or damages to your personal belongings. You can use the personal property calculator below to estimate the ideal coverage amount for you.
Credit Score
Homeowners in Georgia with low credit scores will typically pay more for home insurance compared with those with good credit. This is because people with low credit scores pose a higher risk to the insurer as they are more likely to file a claim. If you want lower rates, try to improve your credit score.
Personal Property Coverage Calculator
When figuring out how much renters insurance you need, experts recommend the standard $100,000 in liability insurance and enough personal property protection to cover your possessions. Use MoneyGeek's calculator to estimate the value of your possessions so you know how much personal property coverage to buy.
clothing & accessories
Clothes, shoes, bags, belts, hats, gloves, etc.
Average Cost of Home Insurance in Georgia
Homeowners insurance rates in Georgia are up to 6% more expensive compared with the national average of $2,417. For dwelling coverage of $250K, most homeowners in Georgia will pay an average of $2,571 per year, ranking the state 34th in terms of affordability in the country.
To find out the average home insurance cost in Georgia based on dwelling coverage limits, you can compare rates using the table below.
Average Annual Premium in Georgia for Homeowners Insurance
| $100,000 | $2,017 |
| $250,000 | $2,571 |
| $500,000 | $6,096 |
| $750,000 | $9,162 |
| $1,000,000 | $12,621 |
| $2,000,000 | $28,915 |
| $3,000,000 | $44,630 |
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The replacement cost of your home is covered under the dwelling coverage of your home insurance policy. It is the amount it would take to completely rebuild your home.
Dwelling coverage is based on your home’s size, age, building materials and more. It is important to get sufficient dwelling coverage so that your home can be rebuilt as-is in a covered loss.
You can get an estimate of the replacement cost of your home by consulting an appraiser or a construction professional. Keep in mind that extended replacement cost, guaranteed replacement cost and inflation guard coverage can protect your home further.
Average Cost of Home Insurance in Georgia Cities
Homeowners insurance costs in Georgia can vary depending on the city you live in. Crime rates and other risk factors can vary between cities, making homeowners insurance more expensive in some locations.
You can look up average home insurance rates by city in the table below.
Average Annual Premium in Georgia Cities for Homeowners Insurance
| Athens | $2,362 | $3,909 |
| Atlanta | $1,694 | $2,270 |
| Valdosta | $2,620 | $4,337 |
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If you can afford it, MoneyGeek's analysis found that Allstate’s homeowners insurance is the best among all providers. It offers the ideal balance between cost and customer service.
Our research also ranked the best homeowners insurance for different profiles and needs to help you get the best policy for your unique profile.
Frequently Asked Questions About Home Insurance in Georgia
MoneyGeek answered frequently asked questions to help you learn more about the cost of homeowners insurance in Georgia.
How much does homeowners insurance cost in Georgia?
Homeowners insurance in Georgia costs an average of $2,571 per year. Compared with the national average, Georgia homeowners pay roughly 6% more for homeowners insurance.
How do I know how much dwelling coverage to get?
The average dwelling coverage for Georgia is $250,000, but the right dwelling coverage amount for you will depend on individual factors like the size and age of your home and other features. You can get an accurate dwelling coverage estimate from a professional appraiser or your insurer.
Insurance
Methodology
To determine the average cost of homeowners insurance in Georgia, MoneyGeek sourced pricing data from Quadrant Information Services.
MoneyGeek chose a standard home profile to provide the most reliable and relevant data for developing a thorough analysis of homeowners insurance. This standard home profile consists of the following attributes:
- Construction year: 2000
- Construction type: Frame
- Composition roof
- Three-mile radius from the fire department
- Assumed value of other structures on the property: 10% of the dwelling coverage
- Personal property coverage: 40% of the dwelling coverage
- Liability limit: $100,000
- Deductible: $1,000
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.