As a resident of Georgia, owning a car can be both a necessity and a joy. However, with the rising cost of auto insurance, it can also be a significant financial burden. Fortunately, there are several ways to reduce your premium and save money. Here are some tips that can help you reduce your auto insurance premium in Georgia.
5 Ways to Reduce Auto Insurance Costs in Georgia
Maintaining a Good Driving Record Lowers Auto Insurance Costs
Maintaining a good driving record is one of the most effective ways to lower your insurance premium. According to the National Highway Traffic Safety Administration, Georgia had 1,504 traffic fatalities in 2018. Speeding, distracted driving, and driving under the influence were some of the leading causes of these accidents. By practicing safe driving habits and avoiding traffic violations, you can lower your risk of accidents and claims, which can lead to lower insurance premiums.
Choose the Right Car to Lower Your Auto Premium
The type of car you drive can also affect your insurance premium. According to a report by Insure.com, the Honda CR-V is the cheapest car to insure in Georgia, with an average annual premium of $1,246. On the other hand, the Mercedes-Benz S-Class is the most expensive, with an average annual premium of $3,362. When shopping for a car, consider the cost of insurance, as well as factors like fuel efficiency, safety features, and maintenance costs.
Increase Your Auto Insurance Deductible
Another way to save money on auto insurance is to increase your deductible. The deductible is the amount you pay out of pocket before your insurance coverage kicks in. According to the Insurance Information Institute, increasing your deductible from $500 to $1,000 can save you up to 25% on your premium. However, be sure to choose a deductible that you can afford to pay in case of an accident.
Bundle Your Auto Insurance and Home Insurance Policies in Georgia
Bundling your auto insurance with other insurance policies, such as homeowners or renters insurance, can also help you save money. According to a study by J.D. Power, customers who bundled their home and auto insurance with the same company saved an average of $300 per year. By consolidating your policies, you can also simplify your billing and claims processes.
Shop Around for the Best Auto Insurance Rates in Georgia
Finally, shopping around for the best rates is critical. According to a report by The Zebra, the average annual premium for car insurance in Georgia is $1,631. However, rates can vary significantly based on factors like age, driving history, and location. By comparing quotes from multiple insurance providers, you can find the best coverage at the lowest price.
There are several ways to reduce your auto insurance premium in Georgia. By maintaining a good driving record, choosing the right car, increasing your deductible, bundling your policies, and shopping around for the best rates, you can save money and enjoy the freedom of owning a car in the Peach State.