Establishing which companies have the lowest-priced car insurance rates for good students calls for a little more sweat in order to find the best price. Each insurance company uses a different method to establish rates, so let’s examine the car insurance companies with the overall cheapest rates in Atlanta.
It’s a good idea to be aware that Georgia car insurance rates are impacted by many factors which can substantially decrease or increase the cost of having a policy. Simply turning a year older, having a teenage driver, or having a fender bender can trigger changes in premium that can make some companies cheaper in comparison to the competition.
Find Cheaper Auto Insurance for Students
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Auto-Owners | $830 |
| 2 | The Hartford | $922 |
| 3 | USAA | $1,008 |
| 4 | Central Mutual | $1,193 |
| 5 | MetLife | $1,276 |
| 6 | Travelers | $1,279 |
| 7 | Georgia Farm Bureau | $1,299 |
| 8 | Mercury | $1,369 |
| 9 | Safeco | $1,397 |
| 10 | State Farm | $1,432 |
| 11 | Country | $1,433 |
| 12 | Allied | $1,452 |
| 13 | California Casualty | $1,577 |
| 14 | Encompass | $1,673 |
| 15 | Progressive | $1,721 |
| 16 | Nationwide | $1,827 |
| 17 | Liberty Mutual | $2,064 |
| 18 | GEICO | $2,231 |
| 19 | Allstate | $2,246 |
| 20 | Victoria | $2,483 |
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Auto-Owners offers some of the best car insurance rates in Atlanta at around $830 annually. The Hartford, USAA, Central Mutual, and MetLife also make the cut as some of the cheaper Atlanta, GA car insurance companies.
As depicted above, if you are a policyholder with MetLife and switched to The Hartford, you could see an annual premium reduction of upwards of $354. Drivers with Travelers might save as much as $357 a year, and Georgia Farm Bureau customers might see rate reductions of $377 a year.
To find out how much you can save, click here to get quotes or click through to the companies below.
Bear in mind that those premiums are averages for all ages of drivers and types of vehicles and do not take into consideration an exact location for good students. So the auto insurance company that can offer you the best rate may not even be in the top 20 companies shown above. That’s why you need to quote rates from as many companies as possible using your own specific driver and vehicle information.
The vehicle model you are seeking coverage for is one of the main factors when shopping for the most economical car insurance for good students. Vehicles with lower acceleration and performance, advanced safety features, or a low likelihood of liability claims will cost substantially less to insure than higher performance models. The list below outlines insurance prices for a number of the most economical vehicles to buy coverage for.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX-L 2WD | $5,648 |
| Ford Escape XLT 4WD | $5,653 |
| Toyota Prius | $6,056 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $6,226 |
| Ford Explorer XLT 4WD | $6,282 |
| Ford Edge SEL 2WD | $6,581 |
| Honda Odyssey EX | $6,590 |
| Chevrolet Impala LS | $6,581 |
| Toyota RAV4 4WD | $6,637 |
| Chevrolet Equinox LS 2WD | $6,645 |
| Jeep Grand Cherokee Laredo 4WD | $6,637 |
| Volkswagen Jetta S 4-Dr Sedan | $6,645 |
| Ford F-150 FX4 Super Cab 4WD | $6,690 |
| Dodge Grand Caravan Crew | $6,700 |
| Toyota Tacoma Double Cab 4WD | $6,690 |
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Data variables include single female driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Georgia minimum liability limits. Discounts applied include claim-free, and safe-driver. Information does not factor in zip code location which can revise coverage prices considerably.
By looking at the data, you can expect cars like the Honda CR-V, Ford Escape, and Toyota Prius are the most affordable vehicles to insure for student drivers.
One of the many things that are used to help calculate car insurance rates is the neighborhood you call home. Cities with larger populations or higher claim trends are more likely to have higher rates, whereas more rural areas can boast about having cheaper rates.
The table below rates the most expensive places in Georgia for good students to buy an auto insurance policy in. Atlanta ranks #2 with an annual rate of $1,377 for coverage, which is about $115 each month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | East Point | $1,436 |
| 2 | Atlanta | $1,377 |
| 3 | Dunwoody | $1,307 |
| 4 | North Atlanta | $1,297 |
| 5 | Macon | $1,291 |
| 6 | Sandy Springs | $1,280 |
| 7 | Roswell | $1,272 |
| 8 | Columbus | $1,256 |
| 9 | Smyrna | $1,254 |
| 10 | Mableton | $1,254 |
| 11 | Alpharetta | $1,246 |
| 12 | Marietta | $1,241 |
| 13 | Savannah | $1,239 |
| 14 | Augusta | $1,221 |
| 15 | Gainesville | $1,196 |
| 16 | Athens | $1,170 |
| 17 | Rome | $1,170 |
| 18 | Peachtree City | $1,168 |
| 19 | Warner Robins | $1,161 |
| 20 | Albany | $1,142 |
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Price information shown is estimated as specific Atlanta zip code can impact prices considerably.
Comparison of full coverage and liability-only policies
Saving money when shopping for car insurance should be important to most drivers, and an effective way to find cheaper insurance for good students is to only buy liability insurance. The diagram below illustrates the difference between insurance prices with full physical damage coverage and with liability coverage only. The data is based on no claims, a clean driving record, $500 deductibles, single marital status, and no other discounts are factored in.
If we average the cost for ages 20 through 70, comprehensive and collision coverage on your policy costs an additional $2,471 per year more than just buying liability only. That amount may make you wonder if physical damage coverage is worth the money. There is no definitive formula of when to drop full coverage, but there is a guideline you can consider. If the annual cost of coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, the it may be a good time to stop paying for full coverage.
For example, let’s assume your vehicle’s book value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would receive is $4,000 after the deductible is paid. If it’s costing you more than $400 annually for comprehensive and collision coverage, then it could be time to drop full coverage.
Responsible drivers pay cheaper car insurance rates
A great way to find the best car insurance prices in Georgia for student drivers is to be a good driver and avoid accidents and violations. The chart below illustrates how traffic citations and accidents impact insurance rates for each age group. The premiums are based on a married female driver, full coverage, $100 deductibles, and no discounts are applied to the premium.
In the prior example, the average cost of an auto insurance policy in Georgia per year with no accidents and a clean driving record is $1,736. Get two speeding tickets and the average cost hikes up to $2,474, an increase of $737 each year. Then include two accidents along with the two speeding tickets and the yearly cost of car insurance for good students jumps again to an average of $5,090. That’s an increase of $3,353, or $279 per month, just for not keeping your driving record clean!
Types of discounts on Atlanta auto insurance rates
Insurance companies that provide coverage for good students could also offer policy discounts that can lower rates by as much as 35% or more if you qualify. A list of car insurance companies and their offered discounts are included below.
- State Farm has savings for multiple autos, safe vehicle, Steer Clear safe driver discount, accident-free, Drive Safe & Save, good student, and driver’s education.
- American Family includes discounts for good student, bundled insurance, good driver, defensive driver, air bags, TimeAway discount, and Steer into Savings.
- GEICO offers discounts including emergency military deployment, air bags, multi-policy, five-year accident-free, driver training, multi-vehicle, and good student.
- 21st Century offers premium reductions for automatic seat belts, early bird, good student, student driver, 55 and older, and theft prevention.
- Progressive has discounts for homeowner, continuous coverage, online signing, good student, multi-policy, multi-vehicle, and online quote discount.
The example below illustrates the difference between car insurance rates with and without policy discounts. The premiums assume a female driver, no violations or accidents, Georgia state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with vehicle safety, anti-theft, continuous coverage, paperless filing, paid-in-full, and good student discounts applied. When discounts are factored in, the average amount saved each year on car insurance for good students is 28% or $672.