Affordable Car Insurance in Atlanta Georgia | Velox® Insurance (2024)

FAQs

Who has the cheapest auto insurance in Georgia? ›

Cheapest car insurance in Georgia: Farm Bureau

Farm Bureau has the cheapest quotes in Georgia for full-coverage car insurance. At $111 per month, a policy from Farm Bureau costs $42 less per month than the state average. Full-coverage insurance in Georgia costs $153 per month on average.

The average cost of a car insurance policy in Atlanta is $1,161 per six-month policy — $194 per month. The cheapest company in Atlanta is Georgia Farm Bureau ($122 per month). Atlanta ranks as the 27th most expensive city for car insurance in Georgia.

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. USAA, Nationwide, Travelers, Erie, Geico and Progressive are the cheapest car insurance companies nationwide, according to our analysis.

Under Georgia law, drivers are not permitted to operate a vehicle unless it has liability insurance coverage in the amount of at least $25,000 for bodily injury or death of one person person, $50,000 per accident if more than one person sustained bodily injury or death, and $25,000 of property damage coverage.

To lower car insurance rates in Georgia, drivers can compare quotes, look for discounts, and potentially consider reducing their coverage. How much your specific car insurance policy costs will also depend on your age, your car, and your driving history.

The Georgia Department of Driver Services operates an electronic insurance compliance system. If your insurance is terminated or expires, your carrier will electronically notify the state. You're given 30 days from the date of the expiration to provide proof of new insurance.

When You Need Insurance to Buy a New Car in Georgia. If you're financing a car, you will probably be required by your lender to have proof of insurance before driving off the lot. You can get the information you need for a policy, like the car's VIN, from the dealership before completing the purchase.

Auto insurance rates are skyrocketing across Georgia and the rest of the country. According to a Bankrate report, between 2023 and 2024, the average cost of full coverage car insurance rose 26%. Bankrate said the average cost for full coverage in the United States is $2,543. In Georgia, it's even higher at $2,610.

Key Takeaways: Geico is best for you if you're simply looking for the cheapest option, as the provider has a cheaper average rate estimate in 82% of states across the U.S. Progressive is best for you if you're looking for more coverage options, add-ons and customizations.

Who is most expensive car insurance? ›

According to our rate averages, the most expensive car insurance often comes from The Hanover Insurance Group. The company's average rates for both liability and full-coverage insurance can be more than 400% higher than the national average.

So it's important to understand insurance groups – after all, there are 50 of them in total. Cars in group 1 are the least risky from an underwriter's perspective and the cheapest to insure. Those in group 50 are the riskiest and most expensive – usually higher performance models and luxury SUVs.

Georgia requires all drivers to have Liability Insurance to drive. Unfortunately, there are some drivers who either do not follow the law or may unknowingly allow their coverage to lapse or cancel.

Full coverage in Georgia costs an average of $2,014 per year, or $168 per month. If you want the cheapest policy possible, get minimum coverage. The average cost of minimum coverage in Georgia is $656 per year, or $55 per month.

Most experts agree that life, health, long-term disability, and auto insurance are the four types of insurance you must have. Employer coverage is often the best option, but if that is unavailable, obtain quotes from several providers as many provide discounts if you purchase more than one type of coverage.

Group 1 is the lowest insurance group, which also means it's the cheapest insurance group. Group 50 is the most expensive. However, premiums aren't just based on insurance group. Other factors are taken into consideration, too.

Car insurance in Georgia is expensive because the state gave insurers the right to raise rates on certain coverage types without the approval of the state insurance commissioner. In Georgia, you can expect to pay approximately $4,689 per year for full coverage car insurance or $1,997 per year for minimum coverage.

Men pay more for auto insurance on average because they're statistically more likely to get into accidents and to have major injuries. However, male drivers only pay about $51 more per year than their female counterparts on average.

Travelers offers the cheapest full-coverage insurance for seniors at $1,753 per year or $146 per month. USAA offers affordable full-coverage insurance for military-affiliated seniors at $1,840 per year or $153 per month. Nationwide is also an excellent choice for seniors in need of usage-based car insurance.