The Best Cheap Georgia Homeowners Insurance for 2024

Shopping for homeowners insurance means searching for a product to protect one of your most valuable financial investments. To help with this important task, we've dug into insurance companies to find the best homeowners insurance in Georgia at the lowest price. Keep reading to find out which insurance companies offer the cheapest policies in the state -- and what factors to look for before deciding on a policy.

• Cheapest overall: Progressive
• Cheapest for new home construction: Progressive
• Cheapest for older homes: Progressive
• Cheapest for those who have filed a claim: Auto Owners

Cheapest overall for Georgia

The cheapest homeowners insurance in Georgia is available through:

• Progressive, with an average annual rate of $955
• Farmers, offering an annual average rate of $1,101
• Auto Owners, with an average annual rate of $1,450

Cheapest for new home construction

There's no denying how exciting it is to move into a new home. Everything is shiny and new, and there's little concern of things falling apart right away. And because there's less chance of an insurance claim, the best homeowners insurance companies offer low rates.

The cheapest homeowners insurance for newly built Georgia homes are available through:

• Progressive, with an average annual rate of $347
• Georgia Farm Bureau, with an average annual rate of $687
• Farmers, offering an average annual rate of $693

Cheapest for older homes

Older Georgia homes have character, but they're also more likely to be hit with age-related problems. That's what makes them more expensive to insure. Still, a good deal can be found.

The top three companies for insuring old Georgia homes cheaply are:

• Progressive, with an average annual rate of $1,018
• Auto Owners, offering an average annual rate of $1,038
• Farmers, staying competitive with an average rate of $1,191

Cheapest when you've made a claim

When a home is damaged or destroyed, homeowners insurance can be a lifesaver. However, making a claim may cause premiums to rise for a period of time.

For those who have previously made a claim, these three insurers offer the lowest rates:

• Auto Owners, with an average annual rate of $975
• Farmers, with an average annual rate of $1,133
• Progressive, with an average annual rate of $1,295

Average home insurance cost in Georgia compared to the national average

The average cost of Georgia home insurance is $1,732, only $7 more than the national average of $1,725.

Georgia homeowners insurance overview

There's more to pinning down the best homeowners insurance in Georgia than landing the lowest price. Here are some other factors to consider while shopping for the best homeowners insurance.

Different types of homeowners coverage

There are a number of different types of policies specifically designed to cover traditional homes, from basic policies to coverage with all the bells and whistles. The best homeowners insurance companies offer them all. Before shopping, it can be helpful for a homeowner to list all the things about their home they're looking to protect. For example, a homeowner may have customized their home in an otherwise cookie-cutter neighborhood and needs a policy that will cover their upgrades if the home is damaged or destroyed.

Level of coverage

The thing about a bare-bones insurance policy is that it may be cheap, but it's unlikely to provide a full range of coverage. Having enough coverage to make the house good as new -- no matter how much it costs to rebuild -- gives many homeowners peace of mind. And in that case, it may be worth paying a slightly higher premium.

Amount of deductible

A deductible is an amount the homeowner must pay toward a claim. Let's say there's a small kitchen fire and the total cost of the repair is $15,000 with a $1,000 deductible on the policy. The homeowner pays the contractors $1,000, and the insurance company covers the remaining $14,000. So it's worth looking into deductible amounts, not just premiums, when shopping for homeowners insurance.

Potential discounts

One way to land cheap homeowners insurance in Georgia is to take advantage of all possible policy discounts. Nearly every insurance company offers a list of discounts, and they cover everything from whether a home includes an alarm system to if the homeowner is a nonsmoker. In other words, there are one or more home insurance discounts for just about everyone.

What are the most common homeowners insurance claims in Georgia?

Here are some of the top Georgia home insurance claims.

Wind damage

Whether the damage is due to an everyday thunderstorm or a hurricane, wind damage is one of the most common claims in the state. Between blowing objects, falling trees, and heavy winds, roofs and other exterior features can take a beating. It can pay to take out extra coverage for wind damage in a state as prone to weather-related events as Georgia.

Fire and lightning

Whether lightning causes a fire or a fire begins another way, the fact that fire and lightning are among the top Georgia home insurance claims underscores the importance of having a policy that fully covers the homeowner's financial investment.

Hurricanes and tornadoes

Due to its proximity to the Atlantic Ocean, Caribbean Sea, and the Gulf of Mexico, Georgia experiences its fair share of tornadoes and hurricanes, both of which can lead to expensive homeowners claims. While homeowners insurance will cover damage directly caused by a hurricane, the policyholder may need to buy additional flood and windstorm coverage.

Theft and vandalism

Burglary is a problem in every state, and some parts of Georgia are more impacted than others. It's one of the most common reasons a homeowner makes a claim.

Homeowners insurance coverage options and discounts in Georgia

Buying the best homeowners insurance in Georgia often means paying as little as possible for a comprehensive policy with a full suite of coverage. Plus, finding the right Georgia home insurance frequently comes down to examining potential coverages and comparing them against costs, including any available discounts. Here, we list both coverage and discount options that can help shoppers find the best homeowners insurance in Georgia.

Coverage options

Shopping for cheap homeowners insurance in Georgia involves finding the lowest price for the most comprehensive coverage. Coverage options include everything from basic policies to coverage with all the bells and whistles -- including full replacement cost.

There are policies meant to cover older homes and policies designed to cover condos. There's even a policy type that covers only mobile homes. Because there are a number of different policy types that cover a traditional brick-and-mortar home, homeowners can secure precisely the level of coverage they're most comfortable with.

Discount options

Each insurer offers its own set of discount options. Here's a sampling of the most common:

• Bundling
• Professional affiliation
• New home construction
• Home upgrades
• Home security system
• Advance pay
• Nonsmoker

5 cheapest cities in Georgia for homeowners insurance

Georgia home insurance rates are based on a number of factors, including the rate of crime in a city, how near (or far) a house is from a fire station, and the value of other homes in the area. Here's a list of the five cheapest cities in Georgia for homeowners insurance:

5 most expensive cities in Georgia for homeowners insurance

And here are the five most expensive cities in the state for homeowners insurance:

When it comes to cheap Georgia home insurance, it's all about landing a policy that blends comprehensive coverage with a low premium. No matter how perfect the policy may be, though, it's important to review coverage and premiums once a year, just to make sure nothing has changed and there's not a better policy (and premium) available.