Your Guide to Getting Better Car Insurance Premiums in Georgia
Out of all the different kinds of insurance required by law, car insurance is one of the most important. It’s illegal in the United States to drive without auto insurance. But when there are so many different car insurance companies, how do you know which one to choose? Which provides the best coverage at the right rates? And why do premiums differ so much from one insurer to the next? We can help you do a fast Georgia car insurance comparison.
Let’s examine the factors that companies weigh in order to determine the cost of insurance premiums.
How your Georgia car insurance premium is determined
- Your marital status
- Driving record
- Your credit report
- How long you’ve had your license
- What kind of car you drive
- How many cars you have on your policy
- The age of your vehicle(s)
- The physical address where you park your car
All these factors determine your premium. Since they differ person-to-person, premiums vary.
Georgia car insurance comparison
Now that we understand the rating factors, it’s important to see how different Georgia auto insurance rates can be. Take a look at these three actual profiles from Compare.com below. Prices vary by the hundreds. What would you rather be doing with a few hundred dollars other than pay for car insurance?
- Is a 44-year-old female
- Owns a 2010 Chevrolet Malibu LS
- Drives for pleasure
- Owns a home and has a master’s degree
- Is a low-risk driver with a clean driving record
- Is a 21-year-old male
- Finances a 2013 Honda Civic SI
- Drives to work
- Rents an apartment and graduated from high school
- Has two speeding tickets on his record
Joe and Julie Average
- 41-year-old couple
- Owns a 2012 Grand Caravan SE and finances a 2011 Mazda 6S
- Drives to work
- Owns a condo and both have bachelor’s degrees
- Has minor tarnish on driving record
As you can see in the three Georgia car insurance comparison charts, everyone benefits from comparing Georgia auto insurance rates.
Get a free Georgia auto insurance quote today
You can save a significant amount of money by finding the right auto insurance company. It pays to run a Georgia car insurance comparison before buying a policy. We can help you compare lots of options at once. Get started with your zip code.
After answering a few questions, you’ll have multiple quotes to help you select the policy that’s perfect for you.
Georgia state minimum auto insurance liability requirements
In Georgia, the law requires that each vehicle must be insured with the following minimum liability coverage:
- $25,000 minimum coverage for the injury or death of one person, such as yourself, a passenger or a pedestrian
- $25,000 minimum coverage for property damage
- $50,000 minimum coverage for the injury or death of multiple people in one accident
You may want to purchase the state minimum coverage. Or, you may reconsider and opt for a higher amount, because if you’re ever at fault for an accident and the damage exceeds your policy limits, then you’ll be personally responsible for covering the remainder. And that can be a pretty hefty sum of money.
Plus, it doesn’t usually increase your premium substantially to carry double the minimum coverage requirements. If you’re paying in monthly installments, you’ll also hardly even notice the difference. If you ever find yourself in a situation that requires you to use the coverage, you’ll be glad you spent the extra money.
Underinsured or uninsured motorist coverage
Like most other states, Georgia doesn’t require you to carry underinsured/uninsured motorist coverage. This is an optional form of coverage that protects you if you’re in an accident where the driver at fault cannot pay for damages you suffer.
Georgia is a “fault” car insurance state
Most people aren’t aware that there are two systems to work out liability after a car accident: fault and no-fault. Some states have adopted the system of “no fault” while others, like Georgia, have adopted the “fault” system.
Here’s what that means for you: If you’re involved in a car accident that is not your fault, the other party who is at fault is liable for any personal injuries or property damage from the accident. And that person’s car insurance policy is first in order to cover the financial obligations of the liability.
Once their policy is exhausted, your policy may be used in order to cover whatever might be left.
Being a “fault” state provides more options for personal injury claims
In Georgia, if you are at fault for a car accident involving personal injuries, the person injured has three different options for seeking compensation. He or she can:
- File a third-party claim directly with your insurance company.
- File a claim with the person’s own insurance company, and that firm will then contact your insurer to seek compensation.
- Pursue a personal-injury lawsuit in civil court. This is usually the last resort, and generally only when a settlement cannot be reached.
This contrasts with the processes in a no-fault state, like New Jersey, where the injured person must exhaust his own policy limits before pursuing a claim with the other party’s insurer.
Providing proof of insurance in Georgia
Proof of insurance is electronic through the GEICS system in Georgia. If law enforcement pulls you over, the officer cannot accept your insurance card as proof of insurance.
Instead, the officer will run a check in the GEICS database to see your insurance status. This check is also run when you register or renew your auto registration. If you do not have insurance, you cannot register your car in Georgia.
This doesn’t mean you needn’t carry your insurance cards with you or keep them in your vehicle. They’ll be necessary if you ever get in an accident, so you can exchange information with the other driver(s).