According to data released in 2014, Georgia car insurance costs typically make up approximately three percent of drivers’ disposable personal income – meaning if someone with monthly earnings of $3194 needs to set aside $100 just for car insurance payments alone. Of course, the more money is put toward paying premiums the less cash is available for other expenses and savings plans.
Beyond your driving record, other factors influencing car insurance rates in Georgia include age, gender, credit history, marital status and annual mileage. Younger male drivers generally tend to have higher premiums than their female counterparts while adding teenage drivers can increase premiums by an estimated 3.1%.
Many drivers choose national insurers like State Farm and Geico when shopping for car insurance, but you may find better deals with regional or independent insurers that combine competitive rates with customer satisfaction ratings. When researching companies, make sure that you compare prices as well as ask about discounts like safe driver discounts or loyalty bonuses that could apply.
When purchasing car insurance, it is also important to factor in all the associated costs such as fuel and maintenance. Furthermore, when looking at new or used cars it’s wise to research repair/replace costs; this will have an impactful effect on how much your premiums cost in total.
Georgia requires that registered drivers carry liability coverage to cover other parties’ damages in case an accident was due to them; however, most experts advise exceeding this minimum amount and purchasing bodily injury and uninsured motorist coverage to safeguard against financial losses in case an uninsured driver causes an accident with them.
There are multiple strategies you can employ in Georgia to find more cost-effective car insurance premiums. One is to avoid traffic tickets or other violations which could increase premiums; another way is improving your credit score; even just raising it by one or two points could save hundreds each year in premium payments.
Finally, a comparison tool can help you quickly identify the best rates from top insurers in Georgia. Some tools can assist in narrowing your options to local and national insurers with established customer service records – an informed decision suited specifically to your needs and budget will follow soon enough! So don’t wait: start comparing car insurance quotes today – sooner is better! Sooner rather than later you will be reaping the benefits of an affordable policy rate!