Best Homeowners Insurance Georgia 2020

Last modified: November 22, 2020

Homeowners insurance, also known as home insurance, is a kind of property insurance covering private residences.  Georgia homeowners insurance covers damages or losses suffered by a private residence, including all furnishings and other assets present inside the private residence. Homeowners insurance also offers liability coverage for accidents that occur within a property. If you are looking to find the best coverage, then you will want to get your hands on the best homeowners insurance in GA. This is going to be your guide to finding the best home insurance in the Peach State.

Is Homeowners Insurance Required in Georgia?

According to homeowners insurance laws in Georgia, you do not require homeowners insurance. However, when it comes time to financing your home, the lender might not accept your request if you do not have the required homeowners insurance coverage.

Getting homeowners insurance in Georgia is similar to getting home insurance in any other state. As long as you meet the necessary requirements, you will be eligible for homeowners insurance. Some factors that can impact the premiums of your home insurance are home remodeling, age of the house, the materials used to build the house, the location, home security, safety features, and so on. Needless to say, the factors to consider when choosing homeowners insurance will vary depending on your insurance provider.

When it comes to homeowners insurance in Georgia, some of the options include, but aren’t limited to, dwelling coverage, other structures insurance, loss of use, personal property, personal liability, and medical payments.

Common Causes of Home Insurance Losses in Georgia

Normally, homeowners insurance policies provide coverage for any damage that’s the result of a fire, windstorm, hail, and lightning. It is important to note that your insurance provider might not offer coverage for all natural disasters. This is why it is crucial to ask the right questions when choosing homeowners insurance in Georgia.

Since Georgia is at an increased risk of tornadoes, hurricanes, and severe storms, it is important to make sure your homeowners insurance policy covers all natural disasters as well as common claims that are part of a GA homeowners insurance.

How Much is Homeowners Insurance in Georgia?

Homeowners insurance rates in Georgia vary depending on the type of property and the insurance provider you work with. That being said, the average cost of homeowners insurance in Georgia is $2,550. This makes Georgia the 19th most expensive state for homeowners insurance in the US. But, it is possible for you to find lower homeowners insurance rates in the state.

One of the advantages of getting homeowners insurance in Georgia is that higher deductibles lead to more savings when it comes to insurance premiums. This could result in higher savings depending on your homeowners insurance provider.

Since some homeowners may find the average Premiums charged by leading homeowners insurance companies in Georgia higher than expected, it is possible to take advantage of bundle discounts for homeowners insurance.

Cheapest Homeowners Insurance in Georgia

If you are looking forward to cheap homeowners insurance in GA, then that’s going to depend on the city in which you live in, and, of course, the insurance provider.

City Cheapest Rates
Atlanta $2,800
Columbus $1,450
Augusta $735
Macon $1,000

 

It is important to remember that these rates could go higher or lower, depending on where you live in Georgia. For example, if you have a property in Chestnut Hall, the most expensive estate in Georgia, you can expect to pay a lot more than what’s quoted above.

Best Homeowners insurance Companies in Georgia

Company Best For Coverage Discounts Pricing
State Farm Homeowners
  • Mechanical breakdown coverage
  • Home business coverage
  • Hobby farms
  • Extended coverage on jewelry
  • Furs
  • Firearms
Yes $3,112
Farmers Homeowners
  • Dwelling
  • Loss of use
  • Other structures
  • Personal liability
  • Personal property
  • Fires
  • Theft
  • Vandalism
Yes $422
Allstate Homeowners
  • Dwelling
  •  Loss of use
  • Other structures
  • Personal liability
  • Personal property
  • Fires
  • Theft
  • Vandalism
Yes $1,060
USAA Homeowners
  • Dwelling
  • Loss of use
  • Other structures
  • Personal liability
  • Personal property
  • Fires
  • Theft
Yes $2,247
Country Financial Homeowners
  • Dwelling
  • Loss of use
  • Other structures
  • Personal liability
  • Personal property
  • Fires
  • Theft
  • Vandalism
Yes $1,230
Georgia Farm Bureau Homeowners
  • Dwelling
  • Loss of use
  • Other structures
  • Personal liability
  • Personal property
  • Fires
  • Theft
  • Vandalism
Yes $1,200
Amica Mutual Homeowners
  • Dwelling
  • Loss of use
  • Other structures
  • Personal liability
  • Personal property
  • Fires
  • Theft
  • Vandalism
Yes $2,000

 

Detailed Reviews

State Farm

State Farm is the largest provider of homeowners insurance in the United States. State Farm offers high-quality claims management tools, along with a plethora of add-on options for homeowners. The insurance provider also offers a Premier Service Program, which connects you to reputable contractors in your area who can make any immediate repairs.

Farmers

Farmers Insurance Group provides coverage to 10 million-plus households, with more than 19 million policies. The insurance provider comes with a high AM Best rating of A++ and is known for offering some great options in homeowners insurance along with excellent customer service and fast claims processing.

Allstate

This is a well-known insurance provider that offers basic coverage along with some add-on policies, such as HostAdvantage and flood insurance. Allstate is a great option for homeowners looking to save money.

USAA

USAA (United Services Automobile Association) was founded by 25 Army officers in 1922 to insure their vehicles. A standard USAA policy comes with full replacement cost coverage. This feature is not very common among competitors. The company also has a high AM Best rating of A++. A USAA policy automatically includes amounts of up to 5,000 US dollars in fraud and identity theft coverage.

Country Financial

If you are looking for multiple options, then Country Financial offers the variety you need through three tiers, basic, premium, and combined. All three options have their advantages, and you can choose from a few additional coverage options as well, which include earthquake and flood insurance.

Georgia Farm Bureau

Georgia Farm Bureau is a top-rated homeowners insurance provider in Georgia. It covers homes with wood stoves, which is a great addition. The insurance provider offers numerous home insurance coverage options and benefits.

Amica Mutual

Amica Mutual is another popular insurance provider for homeowners in Georgia. The company has a high AM Best rating of A+, which is testament to its commitment to delivering great homeowners insurance on flexible terms, along with amazing discounts. Amica Mutual is one of the few homeowners insurance providers in Georgia that offer up to 20% back from their annual premium.

Pros & Cons

The Pros

The Cons

Final Verdict

FAQs

Does homeowners insurance cover malicious prosecution in Georgia?

When it comes to Georgia law, the term “malicious prosecution” covers the claim you make if you have been the victim of a baseless criminal case or civil lawsuit.

Does homeowners insurance cover lightning in Georgia?

A standard homeowners insurance policy will cover damages caused by lightning strikes.

Why is homeowners insurance so costly in Georgia?

Not all Georgia cities offer the same rates for homeowners insurance. Premiums are often priced on city-specific variables such as the number of homeowners claims that were filed nearby, which means your ZIP code can impact how much you pay in home insurance premiums. Since Georgia is prone to hurricanes and other natural disasters, homeowners insurance premiums are also comparatively higher as compared to many other states.

How long does it take to get home insurance?

Your homeowners insurance will take effect the day you buy the policy.