Best and Cheapest Homeowners Insurance in Georgia for 2024

As a homeowner, you don't want to be stuck wondering if your homeowners insurance company will help you out if you have an insurance claim for damage. From unexpected natural disasters to theft or vandalism, there are many things that may cause you to file a claim. In the event something happens, don't you want to feel confident you've protected your home and your belongings with one of the best Georgia homeowners insurance companies?

To help you be more confident in your homeowners insurance company, we have reviews and rankings for hundreds of homeowners insurance companies so you can evaluate and compare the best options and determine the average cost. In the table above, you can sort through every homeowners insurance company ranked on Clearsurance. Next to each insurer you'll find the company's rating, which is based exclusively on the reviews and ratings provided by customers.

Note: Only those companies with at least 25 homeowners insurance reviews are eligible to appear in the rankings of the best Georgia homeowners insurance companies.

If you're looking for additional information on one of the best homeowners insurance companies in Georgia, you can visit the company's profile page where you'll learn about the company, additional coverages, and potential homeowners insurance discounts offered. You can also read reviews to see what other policyholders have to say about the home insurance company.

On this page:

• Best homeowners insurance rates in Georgia for a $200K dwelling
• Best homeowners insurance rates in Georgia for a $400K dwelling
• Georgia property crime statistics
• Georgia disaster statistics

Who offers the best homeowners insurance rates in Georgia for a $200K home?

If you own a home in Georgia, it's important to have a homeowners insurance policy to protect your assets. But if you want to find the right insurer, you need to understand who offers the best coverage. There are several factors, including the insurance costs you need to consider to find the right policy and coverage options for your needs.

Georgia Farm Bureau offers the cheapest homeowners insurance rates in Georgia for a $200K home, on average, out of the five most popular homeowners insurance companies in Georgia. The cost of homeowners insurance for a $200k properly is often the lowest due to a low replacement cost. Keep in mind, other things such as your zip code and natural hazards you face can change your numbers. Even if you're just buying a house now, a homeowners policy takes into account claims previously filed on the same property.

In the table below, compare the average homeowners insurance rates in Georgia for the five largest companies in the state.

These rates are based on a $200,000 dwelling with the following coverage limits: $100,000 personal property, $20,000 loss of use, $20,000 other structures, $300,000 liability and $5,000 medical payments. The policy has a $1,000 deductible. The house used for the profile was constructed in 2004 and the individual had a good insurance score. The rates displayed should only be used for comparative purposes as individual rates in Georgia will differ. Rate data is provided by Quadrant Information Services.

Who offers the best homeowners insurance rates in Georgia for a $400K home?

On average, Georgia Farm Bureau's average rates are the cheapest home insurance premiums in Georgia for a $400K home out of the five most popular Georgia homeowners insurance companies.

Looking for affordable homeowners insurance rates in Georgia? Compare the average rates for the five largest companies in the state in the table below.

These rates are based on a $400,000 dwelling with the following coverage limits: $200,000 personal property, $40,000 loss of use, $40,000 other structures, $300,000 liability and $5,000 medical. The policy has a $1,000 deductible. The house used for the profile was constructed in 2004 and the individual had a good insurance score. The rates displayed should only be used for comparative purposes as individual rates in Georgia will differ. Rate data is provided by Quadrant Information Services.

Keep in mind, the replacement cost for a home isn't always the same as the appraisal value or sales price. Dwelling coverage and homeowners policies are based on the cost to rebuild your house in the event that it's completely destroyed. This is often much lower than the sales value, which is why insurance companies will also generate a replacement cost estimator.

How do theft and vandalism affect cheap home insurance?

Theft and vandalism or malicious mischief are among the 16 perils a standard homeowners insurance policy protects you from. So, how does crime in Georgia compare to other states around the country? The FBI published the following statistics on crime in Georgia for 2016:

• Property crime - 309,770
• Burglary - 63,344
• Larceny theft - 219,625

All three statistics for Georgia, when compared to the national average rate per 100,000 inhabitants, rank higher the national average.

Do homeowners in Georgia have higher annual premium due to weather-related incidents?

Many hurricanes hitting Georgia have made the new recently. Weather-related incidents are typically among the costliest homeowners insurance claims. They can tear off roofs, demolish homes, and cause serious physical injuries. Cheap homeowners insurance often excludes hurricane or windstorm coverage. So whether you're in Hawaii, Florida, Georgia, or another windstorm prone state, you may need to get a second insurance policy specifically for hurricanes. FEMA has published statistics for each state since 1953. Data is updated through August 2018. Here’s a look at the Georgia federally declared disasters since 1953:

• Severe storm - 15
• Tornado - 13
• Fire - 12
• Hurricane - 10
• Flood - 9
• Severe ice storm - 3
• Freezing - 1
• Snow - 1

How are homeowners insurance rates calculated in Georgia?

Ever wonder why you pay what you do for home insurance in Georgia? Some things may be obvious, like the age of your home. But other factors that contribute to the price of homeowners insurance may not be as obvious. Here's a list of some of the things homeowners insurance companies consider when quoting you a rate:

• The level of coverage required
• The size of your mortgage
• Your credit score
• The square footage of your home
• The geographic location of your home in Georgia
• The condition of your home
• The age of your home
• The proximity of your home to a fire station
• Your previous claims record
• The amount of your deductible
• Optional add-ons like umbrella insurance

Zillow estimates that homeowners can expect to pay approximately $35 each month for every $100,000 of your home's value. If you want coverage for additional living expenses and more expensive property damage or loss, you'll need to add extra coverage which increases your annual premium.

Homeowners should be aware about the most common threats in Georgia to make sure which coverage to get. Hurricane damage is one of the major risks in the Peach State. You can also expect above-average exposure to flood risk, as many areas in Georgia are at high risk for flood damage. But because flood is not covered under a homeowners insurance policy, you'll need to buy a separate policy for flood insurance. Apart from hurricane damage, Georgia may be prone to tornado damage, but hail is also common with these storms.

How Clearsurance rates and ranks the best homeowners insurance coverage in Georgia?

Consistent with its mission towards greater transparency, Clearsurance does not keep its rating and ranking formulas in a black box. Our algorithm analyzes a range of inputs from our independent community of insurance customers, including:

• Price
• Customer Service
• Claim service
• Likelihood to renew

The algorithm also takes into account the percentage of what customers say the company does well vs. the percentage of what customers say the insurance provider could do better.

Finally, there is also a confidence factor based upon the number of reviews a company has by product. If the total number of reviews is less than 100, a confidence deduction is applied to the star rating. The maximum impact of this deduction occurs when there are less than 25 reviews. Companies with 100 or more reviews, aged two years or less, receive 100% weighting (no deduction), while companies with 50 to 99 customer reviews receive a weighting of .95%, 25 to 49 reviews receive a weighting of .90% and companies with less than 25 reviews a weighting of .85%.

The Clearsurance customer ratings and rankings are derived entirely from customer reviews and ratings.

Where should you get insurance products for your home?

Your home is likely your most valuable asset, making it that much more important that you insure your home with one of the best Georgia homeowners insurance companies. But beyond just picking a company, it's crucial to have the right coverage and to understand that coverage. Did you know that a standard homeowners insurance policy has six types of coverage? And did you know that there are usually 16 types of perils found in a homeowners insurance policy?

An online calculator can generate an initial homeowners insurance quote. For a condo, the quote you get is generally pretty accurate. You're probably covering walls-in meaning your cabinets, flooring, furniture, and other personal belongings. If you're buying an HO3 on a single family residence, though, your final price for standard home insurance could change based on what shows up in the appraisal.

Before you choose any standard or additional coverage, always get a few quotes. This way, you can truly compare your insurance coverage options and see what makes sense for you.

At Clearsurance, we want to make sure you have a strong understanding of your homeowners insurance coverage and what it all means. Check out our homeowners insurance guide to become a smarter insurance customer. And for more educational content on other homeowners insurance topics, check out our homeowners insurance blog!