Why Is Car Insurance So High In Georgia?

Is Car Insurance High Everywhere?

Car insurance rates can vary widely by state. Unfortunately for Georgia drivers, the cost of car insurance in the Peach State is often quite a bit higher than the national average. In 2019, the average cost of car insurance in the United States was $1,470 per year. In Georgia, however, the average cost of car insurance was $1,934 per year. That’s an increase of nearly 32% over the national average.

Though car insurance rates are high everywhere, Georgia drivers face some of the highest rates in the country. In fact, only seven states have higher car insurance rates than Georgia. Of those seven states, Michigan, Louisiana, and Florida have the highest rates.

Why Is Car Insurance So High In Georgia?

There are a few reasons why car insurance rates in Georgia are so high. For starters, the state has a high rate of uninsured drivers. In 2019, nearly one in five drivers in Georgia was estimated to be uninsured. That’s one of the highest rates in the country.

In addition, the state’s no-fault insurance system can also lead to higher rates. Under Georgia’s no-fault system, drivers must purchase personal injury protection (PIP) coverage. This type of coverage pays for medical expenses, lost wages, and other costs associated with an accident. Unfortunately, this type of coverage tends to be expensive, and it can lead to higher overall costs for car insurance.

Finally, the state of Georgia also has some of the highest rates of traffic fatalities in the country. In 2019, the state had 1,430 traffic fatalities, which is the fourth highest total in the nation. This can lead to higher rates for drivers, since insurance companies have to account for the increased risk of an accident.

How Can Georgia Drivers Save On Car Insurance?

Fortunately, there are a few things that Georgia drivers can do to save money on car insurance. For starters, it pays to shop around for car insurance. Different companies offer different rates, so it’s important to compare rates from a few different companies. This can help drivers find the best rates for their individual needs.

In addition, drivers should also look for discounts. Many car insurance companies offer discounts for good drivers, low mileage, and a variety of other factors. It pays to ask your insurance company about these discounts, since they can help lower the cost of car insurance.

Finally, some Georgia drivers may also be able to lower their car insurance costs by raising their deductible. This means that drivers will have to pay more out of pocket in the event of an accident, but it can also result in lower monthly premiums.

Conclusion

Car insurance rates in Georgia are higher than the national average. This is due to a variety of factors, such as a high rate of uninsured drivers and the state’s no-fault insurance system. Fortunately, there are a few things that Georgia drivers can do to save money on car insurance, such as shopping around for the best rates and looking for discounts. Finally, some drivers may also be able to lower their car insurance costs by raising their deductible.

It’s important for Georgia drivers to take the time to research their car insurance options and find the best rates for their individual needs. By doing so, they can save money on car insurance and make sure they are properly protected in the event of an accident.