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How much is car insurance in Franklin?
|Area||Average Monthly Car Insurance Premium|
The cost of coverage in Franklin is about $23 a month cheaper than it is for the rest of Georgia.
Compared to the national average cost of auto coverage, Franklin has higher rates. You can expect to pay about $2 more for your policy in Franklin.
While these are the average car insurance rates for Franklin, you could end up paying something different. Insurance companies take an array of factors into consideration when determining how much to charge you for your car insurance. The final dollar amount you'll be asked to pay each month is calculated off of factors such as your age, gender, vehicle make and model, driving record, and in some areas, your credit score.
We've broken down the average rates for Franklin to help you understand what exactly you might be asked to pay. To find out if you're getting the cheapest rate, just enter your ZIP Code below and find out in minutes!
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Franklin Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
|45-54||Not Enough Data|
The older you are, the more experience you're likely to have on the roads, right? That experience can lead to some serious savings when it comes to car insurance bills. As you can see, 18-24-year-olds pay $65 more than drivers 65 and older.
You can expect to see a decrease in your monthly premium drop about once a decade or so. As you get closer to retirement age, however, you may see your rates start to rise again in Franklin.
Franklin Car Insurance Rates by Gender
Car insurance rates for men are usually slightly more expensive than they are for women. This rings true in Franklin, where women pay around $4 less per month than men. As illustrated in the table above, female drivers in the area pay about $81 on average, while male drivers pay around $85 each month.
Franklin Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Your driving record can have a huge impact on your car insurance rates. Drivers with clean records will pay significantly lower rates than those with accidents or violations. Drivers in Franklin with a single accident on their record will usually see rates around $121 a month. Similarly, if you have one ticket on your record, you will be looking at an average rate of around $111.
Franklin Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$140|
|15 Years or Older||$79|
According to the first table above, the cheapest vehicles to insure in Franklin are typically trucks and vans, at $77 per month.
SUV drivers will see rates of about $80 for car insurance, while car owners by and large pay around $87 per month.
The age of your vehicle has an impact on the cost of your policy as well. Generally, newer vehicles are going to be the most expensive to insure. Once your car is a few years old, however, you may see your rates begin to drop back down. In Franklin, vehicles less than one year old are the most expensive to insure.
Franklin Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$89|
Overall, people who are married will pay slightly less to insure their car. This usually happens because companies will award special discounts to policyholders with multiple vehicles that are on the same policy.
In Franklin, the difference in rates based on relationship status can be as much as $21 a month.
Franklin Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$122|
Another factor taken into consideration is your housing situation. If you rent your home or apartment, expect to pay around $4 a month more than if you own your own home in Franklin. But those who live at home with their parents can expect to pay significantly more.
Many companies, however, will offer you a discount to bundle your home or rental insurance with your auto insurance policy, which can help reduce your overall costs.
Car Insurance Companies in Franklin, GA
Recent trends in car insurance for Franklin drivers
Given that average rates are often changing, it's a smart move to know the direction your area is trending when deciding when and where to shop.
The rates for auto insurance in Franklin went up from 2017-2019, when they hit a high of $98. This pattern leveled out in 2020, when they began to decrease, and have continued moving in that direction through 2022, when policy premiums reached a low of $61 a month.
How does Franklin compare to neighboring areas?
Why are car insurance rates in Franklin different from other areas?
When considering how much to charge for a monthly rate, car insurance companies will consider a variety of factors. While we've discussed the ones that affect your personal policy, others are based around your home address. These include things like:
- Number of car accidents
- Regional laws
- Total number of drivers in the region
- Availability of off-street parking
- Crime rates
You can't change these factors yourself, but they're something to take into consideration when shopping for a new policy or looking to move into an area. Different cities and towns will each have different rates, so guides like these are a handy way to learn more.
How can I find the cheapest car insurance in Franklin?
Familiarizing yourself with patterns in the average costs of drivers like you will give you a leg up in conversations with insurance companies. Ultimately, the only way to know exactly what your rate will be is by requesting a quote from those car insurance companies.
But wait! Compare.com does all of that work for you. Enter your ZIP below, answer a few questions about you and your car, and you'll be comparing the cheapest quotes from a bulk of the car insurance companies that offer coverage in Franklin.
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Franklin Auto Insurance FAQs
What factors affect car insurance quotes in Franklin?
Auto insurance companies take a wide array of factors into consideration when calculating your monthly payment. These include things like your vehicle's year, make and model, your gender and age, as well as your address, credit score, driving record, and marital status.
Why is the cost of car insurance in Franklin different from other neighboring cities?
Car insurance companies take local factors into consideration when determining how much to charge for coverage. Things like crime rates, parking situations, and local laws -- which can vary from city to city -- can significantly affect your rate.
Which car insurance company will offer me the cheapest rate in Franklin?
There isn't one company that will offer the cheapest rate to everybody. What companies will charge you are based on many different factors that vary from person to person, such as your driving record, what kind of car you drive, how many drivers will be on your policy, and a number of other factors. Because of this, it's a good idea to use sites like Compare.com to compare multiple quotes at once. That way, you can be confident you're getting the best price.
Do I need to change my insurance if I move to Franklin?
Any time you experience a major life event, whether it's moving to a new area, getting married, finding a new job, or other notable events, it's always a good idea to re-evaluate your current insurance. Certain companies offer cheaper insurance in certain cities, so even if you were getting the cheapest rate at your old address, it doesn't mean it'll still be the cheapest at your new home. That's why it's always good to use services like Compare.com to compare quotes from dozens of companies side-by-side.
Do I need to wait for my policy to expire to switch to a different car insurance company?
Not at all, in fact you can switch companies at any point, regardless of how much time is left on your current policy. If you're thinking about moving to Franklin or haven't checked out the latest rates in your area for some time, it might be worth your while to take 10 minutes and see if Compare.com can save you any cash.
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