The make and model of vehicle on the policy is a significant factor when comparing quotes for low-cost car insurance for drivers requiring a SR22. Vehicles with lower acceleration and performance, good crash test ratings, or a track record of few liability claims will cost substantially less to insure than fast, unsafe models.
The table below presents insurance rates for the most affordable automobiles to insure in Georgia.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord EX 4-Dr Sedan | $4,855 |
| Ford Escape XLS 4WD | $5,002 |
| Honda CR-V EX-L 2WD | $5,120 |
| Toyota Prius | $5,444 |
| Chevrolet Impala LT | $5,752 |
| Ford Explorer Eddie Bauer AWD | $5,807 |
| Honda Civic DX 4-Dr Sedan | $5,918 |
| Nissan Altima 2.5 4-Dr Sedan | $5,926 |
| Volkswagen Jetta S 4-Dr Sedan | $5,984 |
| Toyota RAV4 Limited 4WD | $5,992 |
| Chevrolet Equinox LS AWD | $5,984 |
| Jeep Grand Cherokee Laredo 4WD | $5,992 |
| Chevrolet Malibu LT | $5,984 |
| Honda Odyssey EX-L | $6,012 |
| Toyota Camry SE | $6,022 |
| Toyota Tacoma Double Cab TRD Sport Package 4WD | $6,049 |
| Dodge Grand Caravan Crew | $6,059 |
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Data variables include single male driver age 50, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Georgia minimum liability limits. Discounts applied include homeowner, multi-policy, and multi-vehicle. Price information does not factor in specific location which can increase or decrease insurance rates greatly.
Looking at the data, we can presume that makes and models like the Honda Accord, Ford Escape, Honda CR-V, and Toyota Prius are likely to be the cheapest vehicles to insure for high risk drivers. Rates will tend to be more expensive just because there is more claim exposure for drivers requiring a SR22, but overall those particular vehicles will probably have the lowest prices compared to other vehicles.
One of the many components that determine the amount you pay for auto insurance is your address. Areas with high crime rates or more dense population tend to have higher auto insurance costs, whereas areas with less crime or weather claims benefit from lower coverage costs.
The table below shows the priciest cities in Georgia for drivers requiring a SR22 to buy car insurance in. Atlanta is listed at #2 with a yearly premium of $1,405 for the average insurance policy, which is approximately $117 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | East Point | $1,436 |
| 2 | Atlanta | $1,405 |
| 3 | North Atlanta | $1,297 |
| 4 | Smyrna | $1,292 |
| 5 | Dunwoody | $1,281 |
| 6 | Macon | $1,279 |
| 7 | Sandy Springs | $1,268 |
| 8 | Mableton | $1,254 |
| 9 | Marietta | $1,253 |
| 10 | Roswell | $1,235 |
| 11 | Alpharetta | $1,234 |
| 12 | Columbus | $1,206 |
| 13 | Savannah | $1,203 |
| 14 | Augusta | $1,185 |
| 15 | Gainesville | $1,184 |
| 16 | Rome | $1,170 |
| 17 | Peachtree City | $1,156 |
| 18 | Albany | $1,154 |
| 19 | Martinez | $1,152 |
| 20 | Hinesville | $1,145 |
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Premium amounts are estimated as zip code location can revise premium rates significantly.
Bad driving habits will cost you more
A great way to snag good auto insurance premiums for high risk drivers is to be a cautious driver and not receive tickets or have accidents. The information below demonstrates how citations and fender-benders can drive up insurance prices for each age group. The rate quotes are based on a married female driver, comp and collision included, $500 deductibles, and no discounts are taken into consideration.
The chart shows that the average cost of a car insurance policy in Atlanta per year with no accidents and a clean driving record is $1,424. Get two speeding tickets and the average cost rises to $2,018, an increase of $594 each year. Then include two accidents along with the two speeding tickets and the 12-month cost of auto insurance for drivers requiring a SR22 goes up to an average of $4,338. That’s an increase of $2,914, or $243 per month, just for being a less-than-perfect driver!
Georgia auto insurance company ratings
Selecting a good quality auto insurance company is hard considering how many different insurance companies sell coverage in Georgia. The company information displayed below may help you choose which auto insurance companies to look at comparing prices from. These ratings are for large, nationwide insurance companies, so companies that focus mainly on Georgia business are not included in these rankings.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
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Data Source: Insure.com Best Car Insurance Companies
Why you should shop around
Georgia auto insurance rates are determined by lots of factors which can substantially change the price you have to pay for coverage. Getting older, buying a different home, or getting caught speeding may generate price changes resulting in some companies being more affordable than others. Also, insurance companies amend premium rates every year in order to maintain liquidity for claims. Heavy losses may result in additional price hikes, while a better loss history may cause more affordable Atlanta car insurance rates.
For example, the data below shows the company with the cheapest car insurance in Atlanta, GA for a 30-year-old male driver with no prior claims, no tickets, and good financial standing. When quoting prices based on his current risk factors, Auto-Owners may offer the most affordable car insurance rates in Atlanta at $1,103 each year. This is $426 less than the average premium paid by Georgia drivers of $1,529. The Hartford, USAA, Central Mutual, and MetLife are the rest of the top five cheapest Atlanta, GA auto insurance companies.
In this example, we will give the driver in the first chart a chargeable claim, a little lower credit rating, and a stop sign violation. Since each insurance company has a proprietary formula for setting prices, analyzing rates will most likely result in a slightly different list of affordable companies as shown below.
USAA now has the best insurance rate in Atlanta, GA with Travelers, The Hartford, Safeco, and Mercury now rounding out the top five. This example shows why consumers need to compare many different companies when trying to get the most economical insurance rates for drivers requiring a SR22. Insurance rates are determined by many different factors and can change substantially, so the best price the last time you shopped your coverage around may now be quite expensive.
How to find low-cost insurance for drivers requiring a SR22
It’s not impossible to find cheaper rates, and here are some penny-pinching suggestions that can help drivers find cheap car insurance.
- Raise physical damage deductibles
- Save money by obeying traffic laws and keeping a clean driving record
- Staying accident-free helps keep rates low
- Better credit rating means better rates
- Lower rates by purchasing a safer vehicle
- Compare rate quotes often
The last suggestion is notably significant, as was discussed in the prior information. Coverage rates can change significantly in a year, so drivers shouldn’t be reluctant to change to a new company if a better deal can be had. Many drivers prefer to stick with one company, but it’s not a great idea if your bullheadedness ends up costing you hundreds of dollars a year. Now is a great time to shop around and find cheaper car insurance for drivers requiring a SR22 in Atlanta.