The words “low-cost” and “insurance” really don’t belong together, specifically when trying to find the best insurance rates for retired military. Let’s start off by going over some things that impact auto insurance rates, and find a few ways to take a little off the next policy you buy.
The vehicle model that is being insured is a large factor when comparing cheap car insurance for retired military. Vehicles with lower performance, an excellent safety record, or a positive history of liability claims will cost quite a bit less to insure than high performance models.
The table below shows coverage rates for a handful of the more affordable automobiles to insure in Georgia.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 4WD | $1,370 |
| Ford Escape XLS 4WD | $1,457 |
| Honda Accord LX 4-Dr Sedan | $1,497 |
| Ford F-150 XLT Crew Cab 2WD | $1,499 |
| Jeep Wrangler Sahara 4WD 2-Dr | $1,506 |
| Chevrolet Malibu Hybrid | $1,581 |
| Chevrolet Impala LT | $1,586 |
| Honda Odyssey LX | $1,632 |
| Ford Explorer XLT 2WD | $1,635 |
| Dodge Grand Caravan CV | $1,643 |
| Toyota Prius | $1,675 |
| GMC Sierra 2500HD SLE Regular Cab 4WD | $1,697 |
| Chevrolet Equinox LTZ AWD | $1,703 |
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Georgia minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Rate quotes do not factor in vehicle location which can influence premiums noticeably.
Based upon the rates shown, you can expect cars like the Honda CR-V, Ford Escape, and Honda Accord are likely to be the cheaper vehicles to insure for veterans.
For veterans, one of the largest things that are used to help calculate the amount you pay for auto insurance is your zip code in Atlanta. Areas with more people or even just a higher incidence of claims likely pay more, whereas areas with lower vehicle theft rates and fewer weather claims benefit from lower prices.
The following table shows the priciest cities in Georgia for retired military to purchase auto insurance in. Atlanta is ranked #2 with the yearly price of $1,405 for coverage, which is about $117 per month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | East Point | $1,450 |
| 2 | Atlanta | $1,405 |
| 3 | North Atlanta | $1,349 |
| 4 | Dunwoody | $1,307 |
| 5 | Marietta | $1,291 |
| 6 | Macon | $1,291 |
| 7 | Roswell | $1,272 |
| 8 | Sandy Springs | $1,268 |
| 9 | Columbus | $1,256 |
| 10 | Smyrna | $1,254 |
| 11 | Mableton | $1,254 |
| 12 | Alpharetta | $1,234 |
| 13 | Gainesville | $1,232 |
| 14 | Rome | $1,218 |
| 15 | Savannah | $1,203 |
| 16 | Augusta | $1,185 |
| 17 | Warner Robins | $1,161 |
| 18 | Athens | $1,158 |
| 19 | Hinesville | $1,157 |
| 20 | Peachtree City | $1,156 |
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Price information shown is estimated as specific location information can influence insurance rates considerably.
Careless driving habits raise Atlanta auto insurance rates
The obvious way to score good auto insurance prices in Atlanta for veterans is to pay attention while driving and have a clean driving record. The diagram below illustrates how speeding tickets and at-fault fender-benders can impact annual premium costs for each age group. The premiums assume a single male driver, comp and collision included, $100 deductibles, and no discounts are applied.
The chart shows that the average cost of car insurance in Atlanta per year with no violations or accidents is $2,252. Add in two speeding tickets and the average cost increases to $2,989, an increase of $737 each year. Then throw in one accident along with the two speeding tickets and the 12-month cost of auto insurance for retired military jumps again to an average of $3,727. That’s an increase of $1,475, or $123 per month, just for a couple of infractions!
The illustration below illustrates how choosing a deductible can increase or decrease insurance premiums when researching cheap insurance for retired military. The rate quotes are based on a single female driver, full coverage, and no discounts are factored in.
As shown above, a 40-year-old driver could lower their car insurance rates by $422 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $634 by choosing a $1,000 deductible. Young drivers, like the 20-year-old example, could shave as much as $1,082 every year by using a higher deductible. If you do raise deductibles, it is a good idea to have enough savings to be able to pay the extra out-of-pocket expense associated with higher deductibles.
Tips for finding cheaper car insurance for retired military
Here are many thrifty ideas that can help Georgia drivers locate low-cost coverage.
- Pay lower rates with good credit
- Buy vehicles with good safety ratings
- Claim-free drivers earn discounts
- At-fault accidents will increase rates
- Do not get tickets
- Shop around once a year for cheaper rates
The last tip in the list is remarkably critical, as was discussed in this piece. Coverage rates change a lot, so drivers shouldn’t be resistant to buy a policy from a new company if a cheaper price is available.
Loyalty to a specific company is fine, but it’s not recommended if that inflexibility results in costing you a lot of money every month. Now is a great time to compare prices to find cheaper auto insurance for retired military in Atlanta.