Looking for a Georgia Home Insurance Quote?
Looking for the best homeowners insurance in Georgia? Not sure where to find the leading homeowners insurance companies?
Insurance Geek is happy to provide you with all the details you need about Georgia’s coverage options.
We’re eager to find you the best homeowners insurance at the best rates available.
Our knowledgeable staff at Insurance Geek are keen to give new and existing homeowners the best possible insurance policy available in the Peach State. We present homeowners with a variety of quotes to accommodate all budgets while still offering the best protection available.
Let’s dive in a little deeper to find out how a Georgia homeowners policy can help protect you.
Home Insurance Georgia: The Basics
Nested between Tennessee, North and South Carolina, and the Atlantic Ocean, Georgia has many different things to offer to its inhabitants. With Atlanta, Augusta, and Savannah being the epitomes of the vivid urban landscape while the quiet, picturesque suburban towns melt nicely into the entire picture. It’s safe to say that you’ll love Georgia as much as we do.
Ripe with lush orchards and classic southern American cities, Georgia is the perfect place to settle down and begin raising a family. In 2017, 63% of Georgia’s home dwellers were actually homeowners, according to the US Census.
Georgia ties with the Empire State with regard to crime and is currently the 24th most violent state in the union. This is especially true for more urban areas such as Atlanta. You’ll find that premiums are a bit higher in urban areas due to the higher crime risk.
When it comes to its crime rates, it’s important to keep in mind that Georgia is situated in the middle, slightly below the national average. While violent crimes are present, Georgia has one of the safest small cities that you can relocate yourself to.
Being a coastal state, Georgia is at risk of rough weather. Albeit it has short and cold winters, winter storms tend to cause a lot of property damage, so having homeowners insurance in Georgia is highly recommended. The homeowners insurance costs are also affected by the hurricanes that develop in the Gulf of Mexico.
In the homeowners insurance world, a PERIL refers to anything that could damage your home, no matter how big or small that damage might be. To put it plainly, perils can cause damage and loss to your property.
A homeowners insurance policy protects you against the perils that are included and covered by your policy. Should any damage occur, you will be able to file a claim and be compensated for the losses that you have endured.
An example of perils that raise the price of home insurance in Georgia are hurricanes and similar natural disasters.
Since you are looking to obtain a homeowners insurance policy, it’s best to let both the insurance company of your choice and our agents know what kind of arrangement suits you better – you will be able to choose between paying a higher deductible and obtaining a premium at lower rates, or the other way around.
The deductible is the amount that you agree upon paying when you sign the contract with your Georgia home insurance company. Make sure that the amount reflects your needs and financial abilities.
Some notable perils to mention in Georgia include but are not limited to:
- Property damage
- Medical damage to others
- Sewer and drain backups
- Theft, etc.
Do note that natural disasters such as hurricanes are more frequent in Georgia than in other states, so it’s important to ensure your policy covers these types of perils.
How are Premiums Determined in Georgia?
As mentioned, how much your insurance costs may vary by state – but what you’ll pay for your homeowners insurance in Georgia depends heavily on a variety of factors, including your credit score, current market home value, claim history, multiple lines within the household, auto credit ad discount, and other factors.
Let’s see the elements that homeowners insurance companies in Georgia consider when determining premiums:
While you may not be wholly aware of this, your credit score will also be considered by the insurance company.
Based on your credit score, they can draw many conclusions, such as if you are punctual with your bills, and whether you are stable and reliable when it comes to your financial responsibilities. With this in mind, if you have a low or a negative credit score, you should not be pessimistic.
While you might not get the home insurance rates that you had originally hoped for, by paying your bills and loans on time, you will be able to improve your score.
A good financial record will, naturally, lead you to more affordable homeowners insurance rates.
Value of Your House
Home insurance companies will also take the overall value of your home as the state of it greatly affects the home insurance rates that you will get.
Replacement cost coverage largely affects the price of your home insurance policy because this part of your coverage ensures that your home can get rebuilt under any circumstances.
The main reason why home insurance companies care about the value of your home is that they need to know the exact replacement cost.
If you are curious about the difference between your home’s actual cash value and replacement cost value, you can get all the information about it here.
When determining the price of your home insurance premium, insurance companies in Georgia will consider previous claims.
Previous claims are closely connected to the home insurance rate that you can get, as they highlight potential risks in your property. If a property has a number of previous claims filed for it, it means that it has a greater potential for perils to occur again.
This will translate into higher homeowners insurance rates for that particular property.
The elements above can either lower or raise the price of the homeowners insurance that you are looking to obtain.
The upside is that no matter what your specific situation is, you can always obtain discounts! So, if you think it is impossible to save money when purchasing homeowners insurance in Georgia, be glad to know that you are wrong.
There are multiple ways of scoring a lower price. The first one is paying in advance. You can also influence the price of your premium if your property happens to be in the proximity of a fire department or if you take the necessary safety precautions like installing security systems or fire alarms.
However, the best way to save up on your home insurance remains the most popular choice of our loyal clients – getting multiple policies within the same insurance company.
Make sure that you tell our agents at Insurance Geek if you need multiple types of coverage, and we will make sure that your needs are taken care of in the best possible way!
What is the Best Option for Homeowners Insurance in Georgia?
Most commonly, Georgia residents have two options to choose from when purchasing homeowners insurance:
- NAMED policy
- ALL PERIL policy
We’ll explain the different advantages these two types of policies have below. Make sure to always check the declaration page of your policy to be fully informed when buying home insurance.
The named policy requires all the perils that are included to be stated, that is, named. By not having a peril explicitly included in your named policy, it means that you cannot file a home insurance claim to receive funds to repair the damage caused by the peril.
Our clients purchase named policies to fill the gaps in their existing homeowners insurance policy.
ALL PERIL Policy
An ALL PERIL policy is just that you need if you want to have full coverage from the disasters noted above.
An ALL PERIL is an all-encompassing option for your home insurance. While a NAMED policy protects you from the perils that are stated, an ALL PERIL one implies full protection against all perils unless a peril is explicitly omitted.
When it comes to Georgia, an ALL PERIL policy protects you from the perils that we’ve singled out before, and that’s why it is the best option.
Get Home Insurance Quotes Today
It is challenging to pinpoint the average cost of a policy because the needs of our homeowners as well as their properties are so vastly different.
With so many home insurance companies on the market, how do you choose the best one available?
Insurance Geek makes it possible for our customers to calculate homeowners insurance quotes.
Check out our pricing tool for the best possible price!
Once you find our handy quote tool, you will need to fill in some basic info needed to generate the quote (like your address and ZIP code) so that we can close down the most suitable option for you!
The best thing about this? We will not bother you or spam you with needless information – Insurance Geek prioritizes customer satisfaction and a smooth experience while finding personalized policies for our clients.
The easiest way to find homeowners insurance in Georgia is through us because we work with carriers via our Fat Agent app to help our knowledgeable agents provide the best homeowners insurance quotes in the state. Contact us to find out more!
Georgia Home Insurance Discounts
Georgia homeowners may be eligible to obtain different discounts when purchasing home insurance.
Spanning from paying in advance in order to get a more affordable insurance rate to obtaining different kinds of policies with the same insurance company, there are numerous different ways up to a good discount.
Make the most out of your insurance company, regardless of your ZIP code, and check out the different coverage levels that are available!
In order to save up, bundle policies are your best shortcut to a discount (e.g., combining car insurance, life insurance, and homeowners insurance) and favorable insurance rates!
Top Cities & Metro Suburbs in Georgia for Homeowners
Customers of Insurance Geek hail from different parts of Georgia, with a wide variety of Georgia ZIP codes.
Although Georgia homeowners insurance is more expensive for those coming from the metropolitan cities, our loyal customers come from some of the biggest cities:
- Macon County
- Sandy Springs
- South Fulton
- Warner Robins
Finding a home and settling in the suburbs is the more favorable option as home insurance in Georgia is significantly cheaper if you are located in a nice, snug suburb.
Here are the top metro suburbs in Georgia:
- Johns Creek
- Peachtree City
- Sugar Hill
Our trusted insurance carriers of choice for homeowners are Safeco, a Liberty Mutual company, and Nationwide, a Mutual Insurance company.
As we previously mentioned, what you’ll pay is based on a number of different factors, but we will make sure that your insurance company of choice has the best coverage options available for your unique situation.
Who Should Get Georgia Homeowners Insurance?
Everyone, including new and existing homeowners will NEED homeowners insurance in Georgia at some point.
Home insurance will come in handy to Georgia homeowners no matter what kind of a situation befalls you. The peace of mind that homeowners policies can provide outweighs any other scenario.
Your Georgia mortgage lender will also ask you for proof that you are covered by homeowners insurance. Mortgage lenders want to be certain that you have the means to rebuild the property no matter what happens.
What Does Home Insurance Coverage Include?
Homeowners insurance coverage has a basic structure, although some aspects may vary from policy to policy. Let’s answer the burning questions regarding the unchanging elements: What does home coverage look like?
Policy structure includes:
- Coverage A – Dwelling Amount
The dwelling coverage or dwelling amount is the precise amount of funds allocated for repairing the physical construction of your home.
To put it plainly, this covers the actual structure of the home.
The dwelling coverage that is allocated is most commonly based on the replacement cost of your home.
- Coverage B – Separate Structures
Coverage B accounts for the separate structures of your property. It can include mailboxes, attached garages, fences, sheds, pools, etc.
- Coverage C – Personal Property
Personal property coverage accounts for your personal belongings in the home. Your furniture, clothes, and home appliances are all covered by this personal property coverage.
Homeowners usually get additional coverage for personal property when they want their antique belongings and jewelry secured. For such purposes, Nationwide has a Valuables Plus option, while Safeco offers the Valuable Articles Coverage.
- Coverage D – Loss of Use
Coverage D, more commonly known as loss of use, is there in case you aren’t able to use your home for an extended period of time (due to damage caused by a peril included in your policy).
This part of your coverage accounts for your additional expenses, like hotel bills, restaurant bills, and transportation.
- Coverage E – Personal Liability
Liability coverage kicks in if you’re found liable for damages or a suit is brought against you due to a covered occurrence.
Coverage E provides personal liability protection, and you can learn more about it here.
- Coverage F – Medical Payments
This covers anyone that might have been injured on your property, and unlike with personal liability coverage, you do not have to be found legally responsible.
What Isn’t Included in Your Home Policy?
Home insurance in Georgia offers extensive insurance coverage, but there are still some insurance products that can be bought separately.
Here are some additional coverage ideas and more insurance products that you can purchase:
Flood insurance must be purchased separately, but you can still be protected from water damage. Water damage includes sewer, drain, and water backup policies that both Nationwide and Safeco offer in their insurance assortment.
Auto Insurance (Car Insurance)
Much like homeowners insurance, auto insurance (also known as car insurance) is essential.
Auto insurance is available for purchase not only in the Peach State but also all over the country through our carriers. If you want to check out the car insurance quotes available, you should check out our auto insurance quote tool.
Keep in mind that you can always purchase additional protection. For example, identity theft protection, equipment breakdown coverage, and life insurance are always available for consideration and purchase.
Make sure to let our agents at Insurance Geek know about your interests.
Home Insurance in Georgia: FAQ
Q: What is the average homeowners insurance cost in Georgia?
A: The average cost of homeowners insurance in Georgia is $1,506, a price slightly higher than the national average. Your credit score, the value of dwelling, whether or not you’ve filed a claim before, multiple lines in the household, auto credit, and other discounts may impact your Georgia home insurance rates. Insurance premiums in Georgia may seem expensive, but they are still much more affordable than the ones offered in Texas and similar high-risk states.
Q: What are the best insurance companies in Georgia?
A: Insurance companies with standout customer satisfaction and outstanding customer service are Nationwide and Safeco. Their home insurance assortment is versatile, and each customer can find something suitable for themselves.
Now that you have reached the end of our guide, you are armed with all the information needed to secure the best homeowners insurance policies in Georgia.
Make the most out of our quote tool (tell us your ZIP code and address in Georgia) and we’ll make sure you get the best quotes from different home insurance companies. You can compare them in order to deduce which one suits your preferences best!
Make sure to scour some more coverage choices for optimal coverage levels, like flood insurance and auto insurance within the same insurance company, to get the cheapest home insurance policy available.
If you still need more information, please reach out to one of our diligent representatives!