You’ve seen the commercials from insurers like Allstate, The General, and Nationwide that guarantee huge savings. So you just need to pick the one with the catchiest commercial, right?
It’s not that simple, unfortunately, as there are a whole slew of unknowns like if you have a tendency to get pulled over, what level of deductibles you wish to have, the crash test ratings of your vehicle, and the level of liability coverage you want, that all impact the cost of your policy. We will attempt to cover the different ways to avoid overpaying and hopefully give you enough understanding to have a good start to your coverage search.
Finding good, reasonably-priced auto insurance is not the easiest thing to do, and finding out which companies offer the best insurance rates for low income drivers takes more quotes for comparison. Each insurer has their own guidelines for filing rates in each state, so let’s begin by examining the most budget-friendly insurance companies in Atlanta, GA.
Keep in mind that Atlanta insurance rates are impacted by many things which can substantially decrease or increase the price of coverage. This price variation is why it is so important to compare rates to get cheap auto insurance rates for low income drivers. Insurance prices consist of many factors and can increase or decrease at any time, so the most economical option the last time you shopped around may now cost much more than other companies.
Cheapest Insurance Rates in Georgia
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Auto-Owners | $839 |
| 2 | The Hartford | $922 |
| 3 | USAA | $978 |
| 4 | Central Mutual | $1,205 |
| 5 | MetLife | $1,264 |
| 6 | Georgia Farm Bureau | $1,273 |
| 7 | Travelers | $1,279 |
| 8 | Country | $1,391 |
| 9 | Safeco | $1,397 |
| 10 | Mercury | $1,397 |
| 11 | Allied | $1,409 |
| 12 | State Farm | $1,446 |
| 13 | California Casualty | $1,561 |
| 14 | Encompass | $1,623 |
| 15 | Progressive | $1,774 |
| 16 | Nationwide | $1,827 |
| 17 | Liberty Mutual | $2,064 |
| 18 | GEICO | $2,165 |
| 19 | Allstate | $2,268 |
| 20 | Victoria | $2,585 |
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Auto-Owners generally has some of the lowest 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 MetLife would also make the list of some of the cheapest Atlanta, GA auto insurance companies.
In the rate table above, if you currently have coverage with MetLife and switched to The Hartford, you could realize annual savings of upwards of $342. Customers with Georgia Farm Bureau may save as much as $351 a year, and Travelers customers might lower prices by up to $357 a year.
Understand that those rates are averages for all ages of drivers and types of vehicles and do not factor in an exact vehicle garaging location for low income drivers. So the company that fits your age and vehicle best may not even be in the list above. That emphasizes why you need to compare prices as often as possible using your own personal information and vehicle type.
The vehicle you are seeking coverage for is one of the largest factors when shopping for cheap insurance for low income drivers. Vehicles with lots of speed or power, a lack of advanced safety features, or high incidents of liability claims will cost much more to insure than safer, lower-performance models.
The table below features coverage premiums for a selection of the most affordable vehicles to insure in Georgia.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Hyundai Elantra SE Touring Station Wagon | $1,451 |
| Honda Accord EX-L 4-Dr Sedan | $1,457 |
| Honda CR-V EX 2WD | $1,457 |
| Ford F-150 XL Super Cab 2WD | $1,468 |
| Ford Escape XLT 4WD | $1,539 |
| Ford Edge SEL 2WD | $1,550 |
| Toyota RAV4 Sport 2WD | $1,581 |
| Chevrolet Equinox LS 2WD | $1,589 |
| Chevrolet Silverado LS Regular Cab 2WD | $1,581 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $1,612 |
| Jeep Wrangler Sahara 4WD 2-Dr | $1,635 |
| Toyota Camry XLE | $1,666 |
| Honda Odyssey EX-L W/Rear Entertainment | $1,674 |
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Georgia minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Prices do not factor in specific location which can decrease or increase insurance rates considerably.
Based on these rates, you can presume that makes and models like the Hyundai Elantra, Honda Accord, and Honda CR-V will definitely be a few of the cheapest vehicles to insure for poor drivers.
Poor driving habits will raise your insurance rates
The common sense way to snag the best insurance rates in Atlanta for poor drivers is to drive attentively and avoid accidents and keep your driving record clean. The chart below demonstrates how speeding tickets and at-fault claims increase yearly insurance costs for different ages of insureds. The premiums assume a single female driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied to the premium.
In the previous example, the average cost of car insurance per year with no accidents and a clean driving record is $2,662. Get one speeding ticket and the average cost increases to $3,018, an increase of $356 each year. Then add in two accidents along with the one speeding ticket and the 12-month cost of insurance for low income drivers jumps again to an average of $6,081. That’s an increase of $3,419, or $285 per month, just for not keeping your driving record clean!
Insurance companies ranked
Choosing the best auto insurance company is difficult considering how many companies there are in Atlanta. The information listed below could help you analyze which auto insurers to look at purchasing coverage from. The rankings below are only comprised of companies that insure vehicles across America, so smaller companies are not included in this list.
| 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 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
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Data Source: Insure.com Best Car Insurance Companies
Difference between full coverage and liability only rates
Finding cheaper insurance should be important to the majority of vehicle owners, and one good way to find cheap insurance for low income drivers is to not buy full coverage. The chart below shows the difference between car insurance costs with full coverage and liability only. The information is based on no claims or driving violations, $1,000 deductibles, single marital status, and no discounts are applied to the premium.
Averaged for all ages 20 through 70, full coverage costs $2,199 per year more than just insuring for liability. That is a large expense which might make you wonder if buying full coverage is worth the money. There is no set rule to stop paying for comprehensive and collision coverage on your policy, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than 10% of the replacement cost minus the deductible, then you might consider buying liability only.
For example, let’s say your vehicle’s replacement cost is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, you would only receive $6,000 after you pay the deductible. If you are paying in excess of $600 annually for comprehensive and collision coverage, then it might be time to buy liability only.