Georgia's Best, Cheapest Home Insurance Companies
Georgia homeowners pay an average of $155 a month for home insurance. Flooding and extreme weather are common in Georgia, and that drives up the price of home insurance.
While the cost of home insurance in Georgia is expensive in general, you can find excellent coverage at an affordable price. We've looked at the cost, policy offerings and customer service histories of the most popular home insurers in Georgia to help you compare them and find the coverage that is best for you. Overall, Progressive, Chubb and Farmers have the cheapest home insurance rates in Georgia.
We will cover:
How much is home insurance in Georgia?
The average cost of homeowners insurance in Georgia is $155 a month, 7% higher than the national average home insurance rate of $144 a month.
| Region | Monthly rate |
|---|---|
| Georgia | $155 |
| U.S. | $144 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Georgia home insurance rates tend to be higher than the national average due to the state's extreme weather patterns. Georgia experiences significant hurricane landfall and flooding throughout the year, equalling a higher risk for home damage. Homeowners insurance providers in Georgia raise their rates to offset the potential costs. Your home insurance rate will be affected by factors such as:
- The age of the house
- Construction materials used
- Your insurance claim history
What are the cheapest home insurance companies in Georgia?
Progressive and Chubb have the cheapest home insurance rates in Georgia. Both stand at $107 a month on average for a standard homeowners insurance policy, 31% less than the state average of $155 a month. Farmers comes in next for the cheapest rate at $118 a month. The Georgia Farm Bureau has the highest home insurance rate of $211 a month.
| Company | Average rate |
|---|---|
| Progressive | $107 |
| Chubb | $107 |
| Farmers | $118 |
| Cincinnati Insurance | $167 |
| USAA | $169 |
| Allstate | $177 |
| State Farm | $187 |
| Travelers | $198 |
| Georgia Farm Bureau | $211 |
| Georgia average | $155 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
The best homeowners insurance companies in Georgia
Progressive, Chubb and Farmers came out ahead of the other home insurance providers we looked at in Georgia. Here's why:
Progressive: cheapest rates and best discounts
Progressive has the lowest average home insurance rate in Georgia at $107 a month. The table below shows Progressive's average rate in 10 of Georgia's biggest cities:
Progressive offers discounts to help bring your home insurance rate down even more. For example:
- If you are buying a new home, you may qualify for a discount. The house doesn't need to be newly built, but if it has been recently constructed you may be able to get another discount.
- If you bundle your auto insurance with a Progressive home insurance policy, you can save up to 4% on your annual auto insurance premium.
- If you get a home insurance quote with Progressive at least 10 days before your current policy expires, you may qualify for a discount.
Progressive also has a good track record for claims resolution. The National Association of Insurance Commissioners gave Progressive a 0.2% rating on their annual complaint index. The complaint index gauges a company's claim resolution trend, such as its speed in resolving claims and claim payout satisfaction. The lower a company's complaint index, the better. With the national average complaint index rating being 1.0%, Progressive is in a very strong position.
Chubb: cheap rates and best for luxury homes
Chubb's average home insurance rate in Georgia is $107 a month. This is 31% lower than the Georgia average rate of $155. The table below shows that while all of Chubb's average rates in Georgia's biggest cities are above the provider's state average, the majority are still under the state average rate:
If you have a high-end home, Chubb provides home insurance offerings tailor-made to cover it. Their Masterpiece home insurance plan includes:
- Extended replacement cost coverage to help fully rebuild your home in the case of a total loss, even if it exceeds your dwelling coverage limit.
- The ability to use specialty contractors if you prefer to work with them.
- Cash payout up to your home insurance policy limits, rather than repairing or replacing the damaged portions of your home.
Farmers: cheap rates and best claim perks
The average monthly rate of a Farmers home insurance policy in Georgia is $118, 24% lower than Georgia's average rate of $155 a month. The majority of Georgia's largest cities actually come in far below both Farmer's and Georgia's overall average rates, with Roswell, GA, being the lowest at $64 a month:
Farmers has a home insurance policy perk that may not sound like much but can save you a large amount of money over time. If you've gone claim-free with Farmers for at least five years, your first home insurance claim will not result in a premium increase.
The value of this comes out in the math. According to Experian, your home insurance premium can increase anywhere from 16% to 29% after you file your first claim. That increase will stay on your insurance record for anywhere between three and seven years. This can ultimately result in paying hundreds if not thousands of dollars in extra premiums. Having your first claim not affect your record is an excellent long-term value.
Methodology
We used Quadrant Information Services to generate thousands of home insurance quotes for every ZIP code in Georgia from the following providers:
- Allstate
- Chubb
- Cincinnati Insurance
- Farmers
- Georgia Farm Bureau
- Progressive
- State Farm
- Travelers
- USAA
Our sample home used the following policy specifications:
- Dwelling coverage: $275,000
- Personal property coverage: 50% of dwelling ($137,500)
- Other structures coverage: 10% of dwelling ($27,500)
- Loss of use coverage: 20% of dwelling ($55,000)
- Liability coverage: $100,000
Coverage sets were calculated using the following deductible limits:
- $500
- $1,000
- $1,500
- $2,000
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