The words “economical” and “auto insurance” really shouldn’t be used in the same sentence, in particular when trying to find the best price on coverage for welfare recipients. Because it’s not cheap, let’s introduce you to some things that significantly impact auto insurance prices, and figure out some ideas to reduce the cost of the next policy you buy.
Locating cheap auto insurance is easier said than done, and finding out which company quotes the cheapest auto insurance rates for welfare recipients takes even more perseverance. Each auto insurance company uses their own formula to set their prices, so first we will examine the auto insurance companies with the overall best prices in Atlanta.
It’s important that you understand Atlanta, GA auto insurance rates are based on many factors that can increase the price of your policy. Simply turning a year older, having a teenage driver, or getting a DUI may generate price changes that may make certain companies cheaper in comparison to the competition.
Find the Cheapest Auto Insurance in Georgia
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Auto-Owners | $839 |
| 2 | The Hartford | $913 |
| 3 | USAA | $998 |
| 4 | Central Mutual | $1,169 |
| 5 | Georgia Farm Bureau | $1,260 |
| 6 | MetLife | $1,276 |
| 7 | Travelers | $1,318 |
| 8 | Mercury | $1,369 |
| 9 | State Farm | $1,390 |
| 10 | Safeco | $1,411 |
| 11 | Allied | $1,424 |
| 12 | Country | $1,433 |
| 13 | California Casualty | $1,561 |
| 14 | Encompass | $1,673 |
| 15 | Progressive | $1,721 |
| 16 | Nationwide | $1,883 |
| 17 | Liberty Mutual | $2,064 |
| 18 | GEICO | $2,143 |
| 19 | Allstate | $2,202 |
| 20 | Victoria | $2,483 |
| Find Cheaper Rates Go | ||
Auto-Owners may offer some of the best car insurance rates in Atlanta at around $839 annually. This is $690 less than the average rate paid by Georgia drivers of $1,529. The Hartford, USAA, Central Mutual, and Georgia Farm Bureau also qualify as some of the most economical Atlanta, GA auto insurance companies.
As shown in the rates above, if you are insured with Georgia Farm Bureau and switched to The Hartford, you may realize a yearly price reduction of roughly $347. Policyholders with MetLife could save as much as $363 a year, and Travelers customers might lower prices by $405 a year.
To compare your rates to other Georgia insurance companies, click here to get quotes or visit any of the low-priced companies below.
Understand that those rates are averaged across all ages of drivers and types of vehicles and do not factor in an exact location for welfare recipients. So the insurer that has the cheapest price for you may not even be in the top 20 companies shown above. That underscores the importance of why you need to get auto insurance quotes using your own personal information and vehicle type.
The vehicle you are trying to insure is probably the most important factor when comparing the cheapest coverage for welfare recipients. Vehicles with higher performance characteristics, poor crash test ratings, or an increased likelihood of liability claims will cost significantly more to insure than safer, lower-performance models. The table below outlines coverage costs for the most economical vehicles to insure in Georgia.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX-L 2WD | $1,480 |
| Honda Odyssey LX | $1,588 |
| Toyota Prius | $1,605 |
| Ford Escape XLT 4WD | $1,621 |
| Dodge Grand Caravan Hero | $1,713 |
| Toyota RAV4 Sport 2WD | $1,719 |
| Jeep Grand Cherokee Laredo 4WD | $1,713 |
| Volkswagen Jetta LE 4-Dr Sedan | $1,723 |
| Toyota Tacoma Double Cab 4WD | $1,746 |
| Hyundai Elantra Blue 4-Dr Sedan | $1,773 |
| Ford F-150 XLT Regular Cab 2WD | $1,797 |
| Ford Edge Sport AWD | $1,805 |
| Chevrolet Equinox LT 2WD | $1,873 |
| Ford Focus SE 4-Dr Sedan | $1,889 |
| Ford Explorer Limited AWD | $1,911 |
| Honda Civic LX 4-Dr Sedan | $1,938 |
| Ford F-350 XL Super Cab 2WD | $1,946 |
| Chevrolet Silverado LS Crew Cab 2WD | $1,960 |
| Toyota Camry Hybrid | $1,967 |
| Kia Optima SX | $1,960 |
| Find Cheaper Rates Go | |
Premium data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Georgia minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Table data does not factor in the specific area where the vehicle is garaged which can decrease or increase insurance rates significantly.
By looking at the data, you can see that cars like the Honda CR-V, Honda Odyssey, Toyota Prius, and Ford Escape are going to be some of the most budget-friendly vehicles to insure for drivers on welfare.
How to get discounts on Atlanta auto insurance
Auto insurance companies that sell policies for welfare recipients may have price discounts that can reduce rates by 35% or more if you meet certain criteria. A list of auto insurance companies and a selection of discounts can be read below.
- State Farm policyholders can earn discounts including good student, Steer Clear safe driver discount, good driver, defensive driving training, and multiple policy.
- GEICO may offer discounts for anti-lock brakes, military active duty, defensive driver, emergency military deployment, and seat belt use.
- Progressive has savings for good student, online signing, multi-policy, continuous coverage, and online quote discount.
- 21st Century includes discounts for student driver, early bird, defensive driver, 55 and older, and teen driver.
- American Family may include discounts for bundled insurance, defensive driver, Steer into Savings, TimeAway discount, and mySafetyValet.
- The Hartford offers discounts for anti-theft, good student, vehicle fuel type, defensive driver, and air bag.
- AAA has discounts for education and occupation, good student, pay-in-full, AAA membership discount, multi-policy, anti-theft, and multi-car.
The diagram below shows the comparison of annual premium costs with and without discounts being applied to the rates. The data assumes a female driver, no claims or violations, Georgia state minimum liability limits, full coverage, and $500 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with anti-theft, multiple policy, claim-free, multiple vehicle, safe-driver, and accident-free discounts applied. When discounts are applied, theaverage yearly reduction on auto insurance for welfare recipients is 28% or $489.
Do you need full coverage?
Reducing the cost of auto insurance is the goal of most drivers, and one of the easiest ways to pay less for insurance for welfare recipients is to only buy liability insurance. The example below compares insurance prices with full coverage and liability only. The premium estimates are based on no accidents or driving violations, $500 deductibles, single status, and no policy discounts are applied.
If averaged out across all ages, physical damage coverage costs $2,028 per year more than just insuring for liability. Many people question if buying full coverage is worth the expense. There is no exact formula to stop paying for physical damage insurance, but there is a general convention. If the yearly cost of comp and collision coverage is 10% or more of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.
For example, let’s pretend your vehicle’s replacement value is $6,500 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $5,500 after paying your policy deductible. If premium cost is more than $550 a year to have full coverage, then it might be time to consider dropping full coverage.
There are some scenarios where removing full coverage is not advised. If you still owe a portion of the original loan, you have to carry full coverage in order to prevent your loan from defaulting. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should not eliminate full coverage.
Here’s why price comparisons are so important
Atlanta auto insurance rates are determined by lots of factors which can significantly increase or decrease the price you have to pay. Getting older, having a teenage driver, or getting a few speeding tickets can cause premium changes resulting in some rates now being more affordable than the competition. Not only may your risk profile change, but auto insurance companies change premium rates as often as every three months as an adjustment for underwriting gains or losses. Heavier than normal losses may cause additional premium costs, while profitable underwriting can result in lower-priced Atlanta car insurance rates.
The data below shows the cheapest car insurance in Atlanta, GA for a 40-year-old female driver with a clean driving record, no accidents, and solid credit. If we estimate rates based on her current risk factors, Auto-Owners might quote the cheapest car insurance rates in Atlanta at $1,159 each year. This is $370 less than the average price paid by Georgia drivers of $1,529. The Hartford, USAA, Central Mutual, and MetLife are the rest of the most affordable Atlanta, GA auto insurance companies.
Let’s now give the driver from the above example a chargeable claim, bad credit, and a speeding ticket. Due to the fact that every insurance company uses their own formula to establish rates, comparing prices could now result in a different list of companies as shown below.
The Hartford now has the best auto insurance rate in Atlanta with Travelers, Mercury, USAA, and Country completing the list. This example proves why it is crucial to take the time to shop around to get the cheapest car insurance rates for welfare recipients. Prices are determined by many different factors and can change substantially, so the most affordable company the last time you shopped around may now be an over-priced policy.
The insurance agencies below are a good start to provide answers to your questions and help you determine which coverage meets your needs best, since some people prefer to have the advice of a professional agent when comparing insurance rates for welfare recipients. It can be difficult to find the cheapest car insurance policy, so using a licensed agent can bring comfort knowing you have suitable coverage if you ever need to use it. To locate an agency close to you, click the link at the bottom or click here to get price quotes now.
- Siegel Insurance
2987 Clairmont Rd #425 – Atlanta, GA 30329 – (404) 633-6332 - Georgia Insurance Brokerage
193 Auburn Ave NE – Atlanta, GA 30303 – (404) 525-1600 - Five Star Insurance Agency
191 Peachtree St NE Suite 3300 – Atlanta, GA 30303 – (678) 526-7979 - Trevor Nollner – State Farm Insurance Agent
881 Ponce De Leon Ave NE #17 – Atlanta, GA 30306 – (678) 515-8297 - Mack Insurance Agency, Inc.
530 Joseph E Lowery Blvd SW A – Atlanta, GA 30310 – (470) 771-3398
View more Atlanta, GA insurance agents
How to find more affordable auto insurance for welfare recipients
It is possible to find better rates, and here are a few money-saving ideas that can help you find lower-cost auto insurance.
- Avoid getting citations and tickets
- Buying home and auto together can help save money
- Earn discounts for being claim-free
- Higher deductibles mean lower rates
- Increase your credit rating
- Do not get into accidents
- Comparison shop at least once a year
The last idea is very significant, as was affirmed in this write-up. Prices charged by auto insurers change frequently, so drivers shouldn’t be reluctant to buy from a new company if a cheaper price is available.
We understand brand loyalty, but it isn’t a good idea if it’s costing you a fortune every year. Take a couple minutes and shop around and find cheaper insurance for welfare recipients in Atlanta.