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Georgia homeowners insurance

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How much does home insurance cost in Georgia?

The average Georgia home insurance rate is $1,103. That’s $125 less -- 10 percent -- than the national average of $1,228 for the coverage level of:

  • $200,000 dwelling coverage
  • $1,000 deductible
  • $100,000 liability

Here are average home insurance rates for the state’s largest cities for the above coverage level. In addition to the average, you’ll see how much you can save by comparing rates, which is the difference between the highest and lowest premium fielded from up to six major insurers.

CityAverage rateHighest average rateLowest average rate% savings$ savings
Savannah$1,347$2,041$982108%$1,059
Atlanta$1,187$1,815$620193%$1,195
Columbus$1,201$1,837$617198%$1,220
Augusta$1,053$1,638$603172%$1,035
Macon$1,111$1,955$647202%$1,308
Athens$947$1,608$566184%$1,042

What you need to know about buying Georgia home insurance

Here you’ll find out how much Georgia homeowners insurance costs, become familiar with the basics of home insurance and how it works, learn how much coverage to buy and how to get the best price. We provide average Georgia home insurance rates by ZIP code, city, coverage level and company, and show how comparing rates will save you money. We also outline Georgia home insurance laws and explain coverage for hazards that are common in the Peach State to ensure you have sufficient protection.

Let Insurance.com help you find affordable home insurance now.

Here are the basic components of a home insurance policy that you decide the coverage amount for:

  • Dwelling – covers damage to your house
  • Liability – pays for those injured on your property for accidents that your fault, and for lawsuits as a result
  • Medical payments – pays for minor medical bills for those injured on your property, regardless of fault

The limits of your coverage for the following are typically a set percentage of your dwelling coverage limit as shown below:

  • other structures – 10 percent
  • personal property – 50 percent
  • loss of use – 20 percent

Another part of the policy you choose is the deductible amount, which is what you pay when you file a claim before your insurance pays out. Some deductibles are based on dollar amounts, such as $500 or $1,000. Others are based on a percentage of your home's dwelling coverage amount. If your home is insured for $200,000 and your deductible is 2 percent, you will owe $4,000 before insurance coverage pays out.

You  choose a home insurance deductible amount, which applies to claims for damage to your home or belongings, but not if you’re sued or a medical claim is filed by someone in your home. Typically, deductible amounts are $500, $1,000, $1,500, $2,000 and $2,500.

One way to save on home insurance is by choosing a high deductible. The higher your deductible, the less likely you are to file claims that are for minor damages, so insurers consider you to be a lower risk, and therefore price your policy lower.

Using the same policy limits as above, with the following deductibles, shows a savings of about $260 from the lowest ($500) to the highest ($2,500) deductible:

DeductibleAverage rate
$500$1,225
$1,000$1,103
$1,500$1,040
$2,000$966

Georgia homeowners insurance rates by ZIP code

ZIP codes in Jekyll Island and Tybee Island are the most expensive places to insure a home in Georgia, naturally, given their high risk for extreme weather. But Fenton, inland in the northwestern part of the state in Haralson County, and Mount Berry, near Rome and home to Berry College, are also among the priciest for home insurance rates. Duluth and Alpharetta are the least expensive neighborhoods for Georgia home insurance.

Insurance.com analyzed home insurance rates from major insurance companies for nearly every ZIP code in Georgia.

By entering your ZIP code and choosing a deductible, dwelling and liability amount, you’ll see the average home insurance rate for that area, as well as the highest and lowest premium fielded from major insurers. This will give you an idea of how much you can save by comparing home insurance rates. For example, the highest rate ($1,691) for Valdosta ZIP code 31602 is twice as high as the lowest ($847). That means you can save  $844 just by comparing rates and shopping around.

When buying home insurance, you should insure your home based on its replacement cost. That’s the amount you need to rebuild it if damaged or destroyed, and not its market value, which is what you could sell your home for in its current condition. Replacement cost offers more protection because the cost of building a home often exceeds its market value.

When shopping for a policy, you will have to choose a “dwelling coverage” amount. You should select a dwelling coverage limit that best matches the cost to repair damage to your home or rebuild it completely at equal quality — at current prices. You can calculate your replacement cost by using online calculators or hiring an appraiser to give you a replacement cost valuation or by doing it yourself.

Georgia home insurance rates by company

As we showed above, it's crucial to shop around for the best home insurance rate, because prices for the same coverage vary by hundreds of dollars. If you don’t compare rates, you could wind up overpaying.

Many factors influence the price you pay for insurance. Among others, the Insurance Information Institute (III) cites the following:

  • Your home's square footage
  • Building costs in your area, and your own home's construction, materials and features
  • Local crime rates
  • The likelihood of certain types of disasters, such as hurricanes

Insurance.com Consumer Analyst Penny Gusner suggests getting at least three price quotes when shopping for coverage, and says that doing so can save you up to hundreds of dollars annually.

Who has the cheapest Georgia home insurance?

Here are home insurance rates by company for six coverage sets. Based on our rate analysis, you’ll see USAA and Country Insurance are the cheapest insurance companies in Georgia and State Farm and Georgia Farm Bureau were the most expensive insurance company for the coverage levels analyzed.

Home insurance: Georgia rates by company for six coverage levels

$200,000 dwelling/$1,000 deductible/$100,000 liability$200,000 dwelling/$1,000 deductible/$300,000 liability
USAA$742USAA$742
Country Insurance$980Country Insurance$991
Georgia Farm Bureau$1,000Georgia Farm Bureau$1,007
Farmers$1,044Farmers$1,056
Allstate$1,068Allstate$1,088
Travelers$1,297Travelers$1,314
State Farm$1,593State Farm$1,603
$300,000 dwelling/$1,000 deductible/$300,000 liability$400,000 dwelling/$1,000 deductible/$300,000 liability
USAA$1,033USAA$1,345
Country Insurance$1,343Country Insurance$1,802
Allstate$1,594Farmers$2,220
Farmers$1,619Allstate$2,251
Georgia Farm Bureau$1,707Travelers$2,338
Travelers$1,833Georgia Farm Bureau$2,520
State Farm$2,081State Farm$2,698
$500,000 dwelling/$1,000 deductible/$300,000 liability$600,000 dwelling/$1,000 deductible/$300,000 liability
USAA$1,657USAA$1,954
Country Insurance$2,319Country Insurance$2,602
Farmers$2,855Farmers$3,491
Travelers$2,973Travelers$3,539
Allstate$2,981Allstate$3,711
State Farm$3,345State Farm$3,965
Georgia Farm Bureau$3,452Georgia Farm Bureau$4,384

Best Georgia home insurance companies

The homeowners insurance company with the cheapest rates isn’t necessarily the best. Other factors to consider are customer service and claims processing. Insure.com’s 2018 Best Home Insurance Companies report ranks major insurers on feedback from 3,700 customers. They are asked about the value for the price, customer service, claims service and if they’d recommend the company.

Here are the top 10 for the Southern region of the country:

  • Chubb
  • Allstate
  • AIG
  • USAA
  • Farmers
  • Erie
  • Progressive
  • Nationwide
  • State Farm
  • Liberty Mutual

Georgia home insurance laws and FAQ

Why do I need flood insurance?

A flood can strike anywhere. In fact, the No. 1 and No. 3 biggest flooding events - in terms of flood claim payouts - in U.S. history both impacted Georgia. Those were Hurricane Katrina in 2005 and Hurricane Harvey in 2017.

Floods also occur more often than any other natural disaster in the U.S.

The National Flood Insurance Program provides most of the flood coverage in the U.S. Nationwide, the average policy costs $700 annually, according to FEMA. An NFIP policy provides coverage of up to $250,000 for the structure of the home, and up to $100,000 for personal possessions. 

You must buy flood insurance through an agent or company that participates in NFIP. At its official website, the city of Augusta has a list of 26 Georgia insurance companies that FEMA has approved to sell flood insurance.

What is windstorm insurance?

Hurricanes have a history of striking Georgia, particularly along the coast of the Atlantic Ocean.

For that reason, the state is one of 19 in the U.S. in which insurance companies are allowed to charge a hurricane deductible, according to the Insurance Information Institute. That means that you will pay a separate deductible before your insurance kicks in for damages resulting from a hurricane.

Wind insurance protects you from most damages -- aside from flooding -- caused by storms such as hurricanes.

If you are unable to obtain windstorm coverage -- for example, because you live on the coast and are at much greater risk of hurricane damage -- the Georgia Underwriting Association will provide coverage. You can visit the GUA website for more information.

Is hail damage covered?

Hail can cause serious damage. From 2000 to 2013, Georgia ranked seventh in the U.S. in average claims loss related to hail, according to Verisk Claims Solutions.

Homeowners insurance typically will cover hail damage to the structure of your home, including the roof, windows, a deck or the garage.

Hail damage to your car is covered only if you have comprehensive coverage on your auto insurance policy.

Do I need earthquake insurance?

Earthquakes might not seem like a big threat in Georgia, but small ones do occur from time to time.

The Georgia Emergency Management Agency/Homeland Security reports that although temblors are rare in the state, "scattered earthquakes have caused significant damage."

Purchasing earthquake insurance can give you the peace of mind of knowing that you are covered if the ground should begin to move.

Coverage tends to be cheap in a low-risk state such as Georgia. According to the Insurance Information Institute: "A brick home would cost approximately $3 to $15 dollars per $1,000 in the Pacific Northwest, while it would cost between 60 to 90 cents in New York."

What can I do if I can't get homeowners insurance in Georgia?

In some cases, you might find it difficult or impossible to get homeowners insurance from a private insurer. Georgia residents who are unable to secure homeowners coverage can turn to the Georgia Underwriting Association.

The GUA serves as a residual insurance market with the mission to ensure that "basic property and liability insurance may be made available to all Georgians." You can find more information at the GUA website.

Coverage offered through the association falls under the category of fair access to insurance requirements -- or FAIR -- plans. This type of coverage exists throughout the U.S. and is intended to cover homeowners who cannot get coverage through no fault of their own.

For example, if you live in an area extremely prone to wind or hail damage, you might need these plans. This coverage often is more expensive than policies you can get on the private market, according to the insurance Information Institute.

To qualify for FAIR plan coverage, you must make improvements to your home that limit the risk of fire, theft or water damage.

Where do I get claims processing info or file a complaint?

You can contact the Consumer Services Division of the Georgia Department of Insurance if you have a claim dispute, premium problem or other concern -- such as a belief that a sale has been misrepresented, a policy improperly canceled or a refund withheld

You can also file a complaint against a public adjuster.

To file a complaint, fill out a complaint form at the department website.

When filing a claim, also provide copies of any supporting documentation that is available, including invoices, canceled checks, advertising materials, and letters between you and the company.

Also include:

  •     Your name, address, daytime telephone number and email address
  •     The exact name of the insurance company
  •     The full name of any agent or adjuster who may be involved
  •     Your policy number
  •     Your claim number and the date of your loss, if applicable
  •     A copy of both sides of your insurance card
  •     A concise description of your problem

Mail all of this information to: Georgia Department of Insurance, 2 Martin Luther King Jr. Drive, Suite 716 West Tower, Atlanta, Georgia 30334. Or, you can fax it to (404)-657-8542.

The department will investigate the complaint. If the department determines that the insurance company has acted improperly, it will require corrective action on the part of the insurer. Just be aware that there are limitations to what the division can do. For example, it will not resolve disputes where a case comes down to your word against the word of the insurer.

If you have additional questions, call the Consumer Services Division at (404) 656-2070 in the metro Atlanta area and toll-free at (800) 656-2298 from 8 a.m. to 7 p.m. Monday through Friday to assist you.

Methodology:

Insurance.com in 2016 commissioned Quadrant Information Systems to field home insurance rates from major insurers in each state for nearly all ZIP codes in the country for 75 coverage levels based on various dwelling and deductible limits. The homeowner profile is a 35-year-old married applicant with excellent insurance score; new business HO3 policy for house built in 2000 with frame construction and composition roof. Other Structures: 10%. Loss of Use defaulted: 10%. Personal Property defaulted: 50%. Guest Medical limit: $5,000. Personal property: 50% of dwelling coverage for actual cash value.

 

 

 

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