Georgia Car Insurance Rates

Residents of Georgia who either own or lease a vehicle will need to prove financial responsibility in order to drive their vehicle legally in the state. Financial responsibility can be proved by either purchasing a liability insurance policy from a company that is licensed by the Office of Insurance and Safety Fire Commissioner or by self-insuring through the same office. The more popular route is to purchase an auto insurance policy.

Auto insurance companies in Georgia will rely on the same statistical data as the other states to determine what insurance fees they should charge their customers, and this information is typically compiled and tested over a number of decades. An insurance company will evaluate the risk posed by a potential customer, and it is from here that they will determine their auto insurance rates.

Some of factors that Georgia car insurance companies use to evaluate risk include – age, gender, vehicle type, location, accident history, driving record, marital status, annual mileage, and a customer’s credit score. It is these factors that will help an insurer decide which customers are likely to cost them more money through higher than average claims. The people who are deemed to be a higher risk, and therefore more likely to file a claim, will be stuck with higher insurance rates.

The cheapest car insurance rates in Georgia are generally offered to a customers who are – female, older than 25, married, living in a rural area, driving an older, less expensive car, not in possession of any chargeable accidents, not in possession of moving violations, likely to drive less than 10,000 miles a year, likely to have a high credit score.

Any drivers that show these characteristics have been proven, on average, to cause fewer accidents, and therefore will report fewer claims, thus costing insurers less money. This is typically why people who fit into these categories will pay cheaper car insurance rates. With that said, it is important to note that not all of these factors are weighed equally by insurers, and a customer’s driving record, age and gender are considered to be more important that their marital status or credit score.

Consumers wishing to lower their car insurance rates in Georgia have a number of options, and certain actions will lower the price of their insurance premiums. These include:

  • Increasing the amount of deductible payable.
  • Lowering maximum coverage limits.
  • Taking a safe driving course.
  • Owning a car with the newest safety features.
  • Maintaining a high grade point average.
  • Driving a vehicle with a good safety record.
  • Having fewer chargeable accidents.
  • Improving their driving record.
  • Driving fewer miles.
  • Moving to rural area.
  • Increasing their credit score.

An insurance agent will also be able to provide their customers with a number of other ideas that can help to lower auto insurance rates.

The prices that individual car insurance companies will charge can vary quite dramatically, even though they all tend to think alike and use the same process to determine fess and premiums. This is exactly why consumers should always shop around and compare a number of quotes from different car insurance providers. The easiest way to achieve this is online, and in fact many car insurance comparison websites allow customers to view offers from a number of providers at the same time. However, it is important to remember that the most attractive car insurance rates may not always be the best option for an individual customer.

Another risk that vehicle owners should be aware of is that a lapse in car insurance cover can also affect the price of insurance premiums in Georgia. Firstly, if a customer does not have proper insurance coverage, no matter how short a period of time, they could soon find themselves in financial hardship. Accidents are known to be extremely costly, and if someone is involved in one, they may have to pay the expenses incurred, including those of any other drivers or passengers involved in the accident. These expenses may include bills for hospital stays, doctor visits, physical therapy, prescription drugs, and of course car repair.

There are also certain insurance consequences for drivers who frequently allow their car insurance policy to lapse, and in general, these drivers are viewed as a poor risk. This will typically mean that these drivers may have fewer choices of insurance providers and their premiums are likely to be higher than normal, even if they have a perfect driving record and completely spotless claims history.

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