Best Home Insurance in Georgia 2022
Home to many farms and the oldest wine regions in the world, Georgia is also the target of tornadoes, hurricanes and floods. Fortunately, home insurance offers financial relief when dealing with the aftermath of a covered event. Homeowners insurance in the Peach State costs an average $1,115.09 per year — just slightly below the national average of $1,213.89.
To help narrow down the best homeowners insurance in Georgia, we researched rates, customer satisfaction and overall reviews. Keep reading to learn the best options available.
Best Homeowners Insurance Companies in Georgia
SmartFinancial considers insurance rates and customer satisfaction scores by JD Power to bring you the top home insurance options in Georgia. The rates noted below are based on home insurance policies with $250,000 dwelling coverage.
Best for cheap rates
Best for bundling
Georgia Farm Bureau
Best for farm families
Best fo military families
*Companies were chosen based on reviews and JD Power scores out of 1,000.
Best for Cheap Rates: Auto-Owners
If affordability is your top concern, then consider Auto-Owners. Costing an average $950.63 per year, Auto-Owners returned the cheapest quotes among all the insurance companies we researched. Compared to the statewide average ($1,115.09), Auto-Owners pay 15% less on home insurance. For more cost-saving opportunities, Auto-Owners offers several discounts, including bundling with another policy, installing home security systems and more.
Discounts: Bundle with another policy; home security systems; mortgage-free; automatic backup generator; early renewal
Best for Bundling: Allstate
Allstate offers up to a 25% discount when you bundle on home and auto insurance — the highest figure disclosed by all the national carriers we've researched. To compare, other national carriers disclosed only a 5% to 20% bundle discount. Costing $1,296.14 per year, on average, Allstate policyholders pay slightly higher than the statewide average. Beyond home and auto insurance, Allstate customers also offer motorcycle, renters and term life insurance policies.
Discounts: Bundle; automatic payments; home security systems; early renewal
Best Local Insurer: Georgia Farm Bureau
With 41,400 farms operating in Georgia in 2020 according to the USDA, farming families are abundant in the Peach State. Georgia Farm Bureau caters to farming families, offering multiple perks on top of home insurance. A Georgia Farm Bureau is slightly on the higher end — an average $1,661.14 per year. However, policyholders enjoy tons of membership benefits, including discounts on identity theft protection, hotels, theme parks and even Medicare supplement plans.
Best for Military Families: USAA
As of October 2018, 697,000 veterans were living in Georgia according to the U.S. Department of Veteran Affairs. If you hail from a military family, then USAA can offer the home insurance coverage you need and more. USAA customers pay, on average, $1,536.76 per year on home insurance. While rates exceed the statewide average, veterans and active military members enjoy unique perks. For example, you gain replacement cost coverage on your uniform if it is damaged while you're on active or reserve military duty.
Discounts: Bundle with auto; home security systems; claims-free history
Cost of Homeowners Insurance in Georgia
Georgia homeowners insurance costs, on average, $1,115.09 per year, for a home with $250,000 dwelling coverage. This is 8% below the national annual average of $1,213.89. Keep in mind, however, that actual rates will depend on your carrier, dwelling coverage and county. The sample rates below should be used only for comparative purposes.
Cheapest Home Insurance Companies in Georgia
SmartFinancial collected over 13,000 quotes from 13 home insurers and found wide-ranging insurance premiums. As mentioned, Auto-Owners Insurance returned home insurance quotes 15% below the state average at $950.63 per year —15% below the statewide average. Hanover Insurance charged the highest rates, on average, at $2,483.26 — 123% above the state average.
Average Annual Premium for $250,000 Dwelling Coverage
Pure Companies Group
Georgia Farm Bureau
Average Cost by Dwelling Value
SmartFinancial compiled quotes for homes with dwelling values of $150,000, $250,000, $350,000 and $450,000. On the lowest end ($150,000 dwelling coverage), homeowners can expect to pay $794.14 per year, on average, on home insurance. The average annual premium rises to an average $1,759.29 when you increase the dwelling coverage to $450,000. The difference in cost between each level of coverage is about $300.
Note: Dwelling value, or dwelling coverage, refers to how much it would cost to rebuild your home and shouldn't be confused with its current market value.
Average Cost by County
Georgia homeowners insurance rates can change based on which county you reside. Lumpkin county returned the cheapest home insurance quotes, on average, costing $629.88 per year. This is 44% below the state average. Homeowners in Charlton county are charged the highest rates, on average, at $1,328.94 — just 19% above the state average.
SmartFinancial surveyed quotes across only 134 of 159 counties in Georgia. These rates should only be used as a sampling for comparison purposes. You may receive a quote outside this scope for a county not included in our research.
Average Annual Premium for $250,000 Dwelling Coverage
Homeowners Insurance Coverages in Georgia
With basic Georgia home insurance insurance, your home and personal belongings are protected against multiple perils, such as wildfires, windstorms, theft and more. Earthquakes and flood insurance coverage, however, are not included in a standard policy. You need to buy a standalone policy or an insurance endorsement (an add-on to your original policy) to gain that additional coverage.
The table below summarizes your basic home insurance coverage options plus some additional perils you'll want to take note of.
Pays for the cost of repairing your home if it is damaged or destroyed by a covered peril, such as a windstorm or fire.
Covers the cost of structures besides the one you live in, including fences, detached garages and sheds.
Pays for your personal belongings (e.g., furniture, clothes) if damaged or lost under a covered claim. Reimbursement is typically paid at actual cash value (item's value after depreciation) up to the coverage limits.
If somebody sues you because they were injured or suffered property damages while on your property, liability coverage kicks in to cover your legal expenses.
Covers your additional living expenses incurred while you are temporarily displaced from your home. Eligible expenses often include meals and hotel bills.
Medical payments for others (optional)
Pays for the medical expenses of somebody who was injured while on your property (excludes yourself).
Flood (separate policy)
Pays for flood-related damages. You need to buy a separate policy or insurance rider because it is not included with basic home insurance.
Hurricane (separate deductible)
Pays for damages caused by a hurricane. Unlike other states, Georgia homeowners must pay a separate deductible to gain coverage.
What Georgia Homeowners Need to Know
Homes are particularly at risk of weather-related damages in a coastal state, like Georgia. Understanding your vulnerabilities to storms, flooding, tornadoes and fires can help ensure you're sufficiently covered.
Storms, Hurricanes and Flooding
Sharing a border with the Atlantic Ocean, Georgia homeowners are naturally vulnerable to flooding often caused by heavy storms and hurricanes. Damages from hurricane Irma in 2017, for example, incurred nearly $4.4 million in temporary rental assistance for Georgia's survivors. More than $2.4 million was spent on repairing damaged homes.
Georgia homeowners should note that separate hurricane deductibles apply. Due to Georgia's proximity to the ocean and proneness to hurricanes, insurance companies charge this separate deductible to offset their risk. You would also need to buy a separate flood policy to get coverage for flood damage.
Georgia reported an average of just six tornadoes per year from 1950 to 2014 according to the National Weather Service. While this doesn't seem frequent, all of Georgia is vulnerable to tornadoes and one destructive incident can result in costly home repairs. As recently as March 2021, Governor Brian Kemp declared a state of emergency in response to severe tornado and storm damage.
11.8% of Georgia communities are vulnerable to wildfire according to the Southern Wildfire Risk Assessment with 43% of those communities are at high or very high risk. This is partly due to a quarter of Georgia's landscape being Wildland Urban Interface — zones with undeveloped and highly flammable wildland or vegetative fuels. Fortunately, fire damage is covered in a standard homeowners insurance policy but you should double-check with your provider if you live in a high-risk area.
How To Find Home Insurance in Georgia
National carriers, like Auto-Owners, Farmers, Allstate and Travelers, are popular options among homeowners because they tend to have high financial stability — if you file an approved claim, you're likely to see a payout. However, many regional providers, like Georgia Farm Bureau, can offer a personalized experience and perks unique to your Georgia. Shopping around and comparing coverage and rates is essential to choosing the right insurance carrier for you.
If you live in a high-risk flood zone, your insurance carrier may require you to buy flood coverage. You can typically buy a flood insurance policy through the National Flood Insurance Program, which is backed by the Federal Emergency Management Agency. Private policies are available from private insurance companies, as well. A policy purchased through a NFIP licensed insurance agent will have a 30-day waiting period before coverage kicks in.
Frequently Asked Questions
Is home insurance mandatory in Georgia?
No, there is no federal or state mandate requiring homeowners to carry homeowners insurance. However, if you're financing your home through a mortgage loan, then your mortgage lender will typically require you to show proof of insurance. Your may be required to buy flood insurance if you live in certain flood zones.
What does Georgia homeowners insurance cover?
Basic homeowners insurance covers your dwelling from certain perils, including fire, windstorm, falling objects, theft and more. This coverage extends to your personal belongings, such as furniture and clothes. Homeowners also gain liability protection, which pays for legal expenses if you're sued because somebody suffered damages or losses while on your property.
What is the average cost of homeowners insurance in Georgia?
The average cost of homeowners insurance in Georgia is $1,115.09 per year for a policy with $250,000 dwelling coverage. Compared to the national annual average ($1,213.89), Georgia homeowners pay 8% less on homeowners insurance.
What is the cheapest homeowners insurance in Georgia?
Based on our research, Auto-Owners returned the cheapest quotes, on average, costing $950.63 per year. This is 15% below the state average of $1,115.09.
How do I get the best price on homeowners insurance?
The surest way to get the best price on homeowners insurance is to shop around. Instead of settling on the first, second or even the third insurance company, you'll want to compare quotes and coverages from multiple carriers. You can also ask about homeowners insurance discounts, like bundling or new homeowners, which can significantly lower your costs.
Why is homeowners insurance so expensive in Georgia?
Find the Best Home Insurance in the Peach State
Yes, the right homeowners insurance will protect your home from hurricanes, fires and more. But it should also not weigh heavily on your wallet. If you want to deepen your research beyond our top recommendations, SmartFinancial can help. By comparing rates from our 200+ insurance partners, you'll be matched with the perfect homeowners insurance policy for your coverage needs and budget. Receive your free quote by entering your zip code below and completing a quick questionnaire.
Get a Free Home Insurance Quote Online Now.
In Case You Missed It
Looking for Home Insurance?
Compare rates from dozens of companies in less than 3 minutes.