Yes, you do need car insurance in Georgia. Drivers in Georgia need at least bodily injury liability, and property damage liability insurance for a minimum coverage policy, and it’s a good idea to also consider optional types of coverage to ensure you’re fully protected in the event of an accident.
Car insurance in Georgia costs an average of $91 per month for a minimum coverage policy and an average of $206 monthly for full coverage.
Types of Car Insurance Required in Georgia
Bodily injury liability insurance of at least $25,000 per person and $50,000 per accident. Bodily injury liability insurance pays for the medical expenses of other drivers in accidents you cause. It can cover things like hospital fees, loss of income, pain and suffering, and funeral costs.
Property damage liability of at least $25,000. Property damage liability insurance pays for other drivers' property damage in accidents you cause. It can cover things like vehicle repairs or damage to stationary objects like houses or fences.
Premiums are representative of a 45-year-old good driver with a minimum coverage policy.
Georgia is similar to the majority of states in that it requires all drivers to have at least a certain amount of car insurance. Virginia and New Hampshire, on the other hand, are the only states that do not require drivers to carry traditional auto insurance.
Key Things to Know About Liability Car Insurance in Georgia
It covers others’ expenses. Liability insurance pays for others’ medical expenses and property damage after an accident you were responsible for.… read full answer
There are penalties for driving without the required coverage. If Georgia drivers do not satisfy Georgia’s minimum liability requirements, they can face penalties for driving without insurance.
Drivers should consider purchasing higher limits. Drivers should consider buying more than the minimum amount of liability coverage required by Georgia law if they can afford it. If you cause an accident that results in damage beyond your policy limits, you will be personally responsible for paying the difference.
Liability insurance will not cover all events. Georgia drivers can also consider purchasing other types of car insurance in order to better protect themselves, given that liability insurance does not provide any coverage for the policyholder’s own injuries or property. For instance, both collision insurance and comprehensive insurance cover damage to the policyholder’s car. You will likely need these types of insurance if your vehicle is financed.
Car insurance in Georgia is $73 per month for minimum coverage and $191 per month for full coverage, on average. The cheapest insurance companies in Georgia are Country Financial, Auto-Owners and AAA, and getting quotes from several companies can help you find the best deal.
Average Cost of Car Insurance in Georgia by Category
The average cost of car insurance in Georgia is 21% higher than the national average auto insurance premium, and Georgia ranks 41 out of 50 for the most affordable car insurance rates in the U.S.. There are several factors that affect how much you’ll pay for car insurance in Georgia, including your driving record, age, location, the amount of coverage that you purchase, and the insurance company you buy it from.
Finally, it’s worth noting that car insurance premiums in Georgia are high, compared to the cost of coverage in neighboring states like Florida and South Carolina. You can find more details in the table below.
Cost of Car Insurance in Georgia vs. Neighboring States
Full coverage insurance in Georgia is usually defined as a policy that provides more than the state’s minimum liability coverage, which is $25,000 in bodily injury coverage per person, up to $50,000 per accident, and $25,000 in property damage coverage. Full coverage in Georgia also includes optional collision and comprehensive insurance… read full answer. As a result, full coverage insurance costs an average of $2,287 per year in Georgia, while a state minimum policy costs $877 per year.
If you can’t afford to repair or replace your car after an accident, collision and comprehensive are important coverage types—even if they’re not required. Collision insurance covers repair or replacement costs if you are in an accident, drive into an object, or flip your car. Comprehensive insurance covers repair or replacement costs if your car is damaged by falling objects, natural disasters, floods, fires, theft, vandalism, or animals. Full coverage insurance costs an average of $2,287 per year in Georgia, while a state minimum policy costs $877 per year. Lenders usually require collision and comprehensive in addition to the insurance you must have under Georgia law when you finance a car.
Most people should also choose higher liability coverage limits than what is required by Georgia law. If you cause an accident and your liability limits don’t cover the whole bill, you are still personally responsible for the rest. In the end, “full coverage” means having the right amount of coverage to protect your assets in a worst-case scenario.
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