Like most states, Georgia requires drivers to have some form of car insurance. Learning how much you might expect to pay for insurance can help you compare rates. In this article, you’ll discover the average car insurance cost in Georgia, learn how that cost might change depending on factors like your age, gender or driving record, and find out the minimum insurance requirements for the state.
Average Car Insurance Cost in Georgia
The statewide average cost of car insurance in Georgia is $1,388 per year. There are, however, a variety of factors that may affect your insurance premium. In other words, these variables can cause the same insurance coverage to cost different amounts for different drivers. This is because insurance companies use risk factors to calculate your insurance premium. Drivers with a high level of risk may expect to pay more than drivers that the company determines may be more likely to drive safely or pay back the deductible easily.
Research how different companies factor this information into their calculation, and choose the best insurance company in Georgia for you. Here are some specific factors that insurance companies consider and the average car insurance cost for drivers in each category.
Car insurance costs may differ depending on your age. This is because statistically some age groups are more or less likely to be involved in an accident. For example, teenage drivers are considered high risk because this group has less experience on the road. Young and middle-aged adults have more driving experience and therefore represent less risk. Older adults may begin to lose their vision or fine motor skills, increasing the risk they present on the road. Here are some specific examples that demonstrate the difference in insurance costs for different age brackets:
- 16-year-olds: $6,277 average yearly premium
- 18-year-olds: $4,626 average yearly premium
- Individuals in their 20s: $1,903 average yearly premium
- Individuals in their 30s: $1,349 average yearly premium
- Individuals in their 40s: $1,283 average yearly premium
- Individuals in their 50s: $1,184 average yearly premium
- Individuals in their 50s: $1,226 average yearly premium
- Individuals in their 70s: $1,531 average yearly premium
Insurance companies may include gender in their calculations. In the state of Georgia, companies often charge slightly higher premiums for men and slightly less for women. Here are the average yearly costs for each:
- Male Drivers: $1,369 average yearly premium
- Female Drivers: $1,324 average yearly premium
Marital status can also affect your car insurance premium. Data shows that married individuals receive the lowest premiums, followed by widowed individuals. Single and divorced drivers have the highest yearly average premium. Here are the specific average yearly rates for individuals by marital status:
- Single Drivers: $1,369 average yearly premium
- Married Drivers: $1,252 average yearly premium
- Divorced Drivers: $1,369 average yearly premium
- Widowed Drivers: $1,316 average yearly premium
Insurance companies might include your credit score in their analysis to determine how reliable you’re likely to be as a driver and a client. Here is a list of average annual car insurance rates based on credit score:
- Drivers with Very Poor Credit (300-579): $2,457 average yearly premium
- Drivers with Fair Credit (580-669): $2,029 average yearly premium
- Drivers with Good Credit (670-739): $1,703 average yearly premium
- Drivers with Very Good Credit (740-799): $1,420 average yearly premium
- Drivers with Exceptional Credit (800-850): $1,225 average yearly premium
Your insurance rates are likely to increase if you’re found to be at-fault in a collision or driving violation. Here is a list of driving violations and how they might affect your insurance premium.
- Speeding: $1,681 average yearly premium
- Open Container: $1,781 average yearly premium
- Driving while Intoxicated or Under the Influence (DUI/DWI): $2,101 average yearly premium
- At-Fault Collision Causing Under $1,000 of Damage: $2,201 average yearly premium
- Reckless Driving: $2,215 average yearly premium
- At-Fault Collision Causing Over $1,000 of Damage: $2,242 average yearly premium
Car Insurance Coverage Requirements in Georgia
It is always important to understand your state’s minimum car insurance coverage requirements before getting behind the wheel. If you drive in Georgia without insurance, a police officer could suspend your license. To avoid this outcome, check out the insurance requirements below, then find an insurance provider that offers the best rates for you.
Liability insurance helps you pay other individuals involved in a collision with you if you’re ruled to be the party at-fault for the accident. The state of Georgia requires this type of insurance for all drivers. Here are the minimum coverage requirements for liability insurance in this state:
- Property Damage Liability Minimum Coverage: $25,000 per incident
- Bodily Injury Liability Minimum Coverage: $25,000 per person, $50,000 per accident
Physical Damage Insurance
This type of insurance covers physical damage to your vehicle following a crash or other hazardous incident on the road. The state of Georgia does not require this type of insurance. However, some car dealerships do require it for customers who lease or finance their vehicles. You can check with your dealership to find out if you need to purchase physical damage insurance. If you don’t, it may still be beneficial to find a plan that includes this type of insurance to protect you from unforeseen costs.
There are two types of physical damage insurance. Collision insurance covers any damage to your vehicle caused by a road accident. Comprehensive insurance covers other possible vehicle damages, including car theft, vandalism, and fire. If you opt for physical damage insurance, you may choose a plan that includes either or both of these options.
That’s everything you need to know about the average car insurance cost in Georgia, how that cost might differ for different drivers, and what minimum insurance requirements exist in this state. Do you have more questions? Contact us online, and we’ll be happy to help.
At FIXD, our mission is to make car ownership as simple, easy, and affordable as possible. Our research team utilizes the latest automotive data and insights to create tools and resources that help drivers get peace of mind and save money over the life of their car.