key Takeaways
The median price of car policy in Georgia is $ 1,638 per year, putting the state of matter in the top 10 most expensive for car insurance .
car indemnity is thus expensive in Georgia because of high costs for car repairs and healthcare, dangerous highways, weather events and uninsured drivers .
You can save on Georgia car insurance rates by shopping around, comparing quotes, taking advantage of discounts and bundling policies. Loading …
Why the Cost of Georgia Car Insurance Is So High
Georgia car insurance rates are higher than average, even if they aren ’ thymine angstrom expensive as some other states. There are respective reasons why cable car indemnity is so dearly-won in Georgia, including the states, dangerous and interfering roadways, miss of premium regulation, high healthcare costs, expensive repairs and a relatively high pace of uninsured drivers.
Dangerous Highways
The more dangerous the highways are, the higher car policy rates tend to be. As of 2021, Georgia had the fourth-largest phone number of black car accidents in the country. The state is besides part of the South-Atlantic region, where vehicle miles traveled were 14.2 % higher in June 2021 than June 2020. More fateful accidents and traffic mean more claims paid out. To compensate for this large book of claims, policy companies tend to increase rates for all drivers in the area to recoup their losses — evening if you haven ’ deoxythymidine monophosphate filed a claim yourself.
No Cap on Premium Increases
In most states, insurers have to get approval from the state indemnity commissioner before increasing car indemnity rates, but not in Georgia. Unless pace increases are higher than 10 %, they may not flush be reviewed by the commissioner. Rate hikes are applied across the circuit board for car policy companies, meaning everyone pays more for their premiums, even if you don ’ deoxythymidine monophosphate change your policy or file a claim.
Expensive Healthcare Costs
With some of the most expensive healthcare costs in the United States, Georgia residents see both higher car and health policy premiums. When person is treated for an injury related to a car accident, higher healthcare costs mean the cable car insurance ship’s company pays more for claims. The more car indemnity companies pay per claim, the more likely Georgia drivers will see rate increases.
Expensive Auto Repairs
Though rates have gotten better compared to 2020, car repairs in Georgia are still among the most expensive in the country. Like with healthcare costs, indemnity companies pass off gamey costs of car repairs to policyholders to recoup the expense of insuring Georgia drivers. Depending on the type of accident, one claim could pay out repairs for multiple calls, increasing rates even more.
Uninsured Drivers
Though rates aren ’ thymine a high gear as in other states, 12 % of Georgia drivers are uninsured. For comparison, If an uninsured driver hits you, your uninsured motorist coverage will pay for your injuries and the damage to your car. evening though it ’ mho optional in Georgia, having uninsured motorist coverage can protect you and your syndicate from uninsured Georgia drivers.
The Rate of Uninsured Motorists in Each State
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- express Uninsured Driver Rate
-
Alaska
16%
-
Alabama
20%
-
Arkansas
19%
-
Arizona
12%
-
California
17%
-
Colorado
16%
-
Connecticut
6%
-
District of Columbia
19%
-
Delaware
9%
-
Florida
20%
-
Georgia
12%
-
Hawaii
9%
-
Iowa
11%
-
Idaho
13%
-
Illinois
12%
-
Indiana
16%
-
Kansas
11%
-
Kentucky
14%
-
Louisiana
12%
-
Massachusetts
4%
-
Maryland
14%
-
Maine
5%
-
Michigan
26%
-
Minnesota
10%
-
Missouri
16%
-
Mississippi
29%
-
Montana
9%
-
North Carolina
7%
-
North Dakota
13%
-
Nebraska
9%
-
New Hampshire
6%
-
New Jersey
3%
-
New Mexico
22%
-
Nevada
10%
-
New York
4%
-
Ohio
13%
-
Oklahoma
13%
-
Oregon
11%
-
Pennsylvania
6%
-
Rhode Island
17%
-
South Carolina
11%
-
South Dakota
7%
-
Tennessee
24%
-
Texas
8%
-
Utah
7%
-
Virginia
11%
-
Vermont
9%
-
Washington
22%
-
Wisconsin
13%
-
West Virginia
9%
-
Wyoming
6%
Severe Weather Risks
Georgia is prone to severe weather, including intense storms, tornadoes and hurricanes, which can all cause significant damage to vehicles. Car indemnity companies pay for these weather-related claims under comprehensive examination coverage. Severe weather events like deluge and tornadoes typically total a car, meaning the indemnity ship’s company pays higher costs per claim. even if you don ’ t have full moon coverage indemnity, you could see an increase in your premiums as companies account for significant losses from these high-cost claims.
Higher Risk of Vehicle Theft
Living in an area with a high gamble of vehicle larceny is another divisor that can make Georgia cable car insurance rates more expensive than other states. Georgia is in the lead five states for vehicle thefts. Vehicle thefts have a higher probability of totaling a cable car, which is costly to providers — the higher gamble of these events means that everyone pays for the losses incurred by policy companies.
Car Insurance Rate Increases in Georgia
The modal Georgia driver pays $ 977 per year for state of matter minimum coverage — or $ 81.42 per month. For full coverage, Georgia ‘s average car policy monetary value is $ 1,638, or $ 136.50 each month. From 2015 to 2020, Georgia cable car indemnity rates increased by 16.8 %, but rates decreased from 2020 to 2021 by 7.7 %, resulting in a total increase since 2015 of 7.8 %.
How to Save on Car Insurance in Georgia
tied with an agreement of why car indemnity is so expensive in Georgia, drivers don ’ t have to settle for high premiums. There are multiple ways to get low-cost car insurance as a Georgia driver, tied if you have to spend some clock to put these tips and strategies in rate. 1
Shop around for the best rates.
Comparing multiple quotes for the same coverage from different companies is one of the best ways to save on car policy. 2
Take advantage of the savings from bundling your policies.
Combine your home and car policies with the same party for an average of 17 % savings. 3
Inquire about discounts you may qualify for.
Applying discounts can save you money. You could receive money off for being a good driver, remaining accident-free, driving fewer miles and having a safe cable car. 4
Use a car insurance comparison tool to compare rates.
write time and money by using a car indemnity comparison tool to find the most low-cost cable car policy. 5
Consider raising your deductible.
A higher deductible means a lower premium. however, keep in mind that lowering your deductible will increase what you pay if you file a claim. 6
Opt for pay-as-you-drive coverage.
If you don ’ thymine drive much, you could save by paying lone for the miles you drive with pay-per-mile coverage. About the author
Mandy Sleight is a professional freelance writer and licensed policy agentive role. She has her property, fatal accident, animation, and health licenses and has been working in the industry since 2005. Mandy has worked for long-familiar insurance companies like State Farm and Nationwide Insurance, and most recently as the Operations Coordinator for a start-up employee benefits company. Mandy earned her bachelor of Science degree in Business Administration and Management from the University of Baltimore and her Master in Business Administration from Southern New Hampshire University. She uses her huge cognition of the policy industry and personal finance combined with her writing background to create easy-to-understand and engaging message to help readers make smart choices with their budget and finances.