More on Home Insurance
More on Home Insurance
The average cost of homeowners insurance rate in Atlanta is $2,803 per year. Read on for our guide to the best companies, policy cost, and coverage considerations for Atlanta residents.
The average homeowners insurance rate in Atlanta is $2,803 per year, but the cost of coverage will vary depending on your home’s build and location, as certain Atlanta neighborhoods are more susceptible to particular hazards than others. Although Atlanta’s climate is generally more mild than coastal areas of Georgia, homeowners still face their fair share of inclement weather and should make sure their homes are protected with the best (and not simply the cheapest) coverage.
Whether you’re shopping for homeowners insurance for the first time or switching policies for a cheaper rate, it’s important to compare quotes and policy offerings from multiple companies. To help simplify this process, we identified the top insurers in Atlanta by market share and broke down the cost of coverage by neighborhood and company based on hundreds of quotes submitted with Policygenius.
The average homeowners insurance rate in Atlanta is $2,803. In Georgia, the statewide average homeowners premium is $1,267
The highest rated homeowners insurance company in Atlanta is USAA
Since homeowners insurance doesn't cover flooding, Atlanta residents should consider flood insurance for extra protection
In addition to cost, there are many factors you should consider when shopping around for homeowners insurance. It’s important to insure your home with an insurance company that has a good financial standing with credit agencies like A.M. Best. Customer service is also important — you want to have productive communication with your insurer if disaster strikes — so you should also check customer service and claims ratings with J.D. Power.
The table below looks at the 10 most popular insurers (companies with the highest market share) in Georgia, along with respective A.M. Best ratings, J.D. Power ratings, and Policygenius full-scale company ratings. Here’s more information about the Policygenius home insurance reviews methodology.
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The median annual cost of homeowners insurance in Atlanta is $2,803, according to quotes submitted with Policygenius. This makes rates in Atlanta higher than the median price of homeowners insurance in Georgia statewide, which is $1,267 annually. Keep in mind that home construction costs tend to be higher in population-dense cities like Atlanta, which is part of the reason why Atlanta rates are more expensive.
When it comes to homeowners insurance, the more coverage you have the more expensive your premiums are. If you’re worried about your basement flooding due to heavy rain, adding a flood endorsement will raise your premiums, but could save you thousands of dollars in the long run in the event that a hurricane or heavy rainstorm hits Atlanta. Homeowners can also purchase flood insurance through the National Flood Insurance Program (NFIP) or a private insurer.
Hurricanes are known to hit Georgia’s coast, but they can also travel inland to Atlanta — it’s not uncommon for Atlanta to experience a tropical storm during hurricane season. Thunderstorms are frequent in the humid summers and can lead to floods or flash floods. Since homeowners insurance doesn’t cover flood damage, Atlanta homeowners may want to consider flood insurance.
Due to the risk of flooding, power outages, and thunderstorms, homeowners insurance is essential protection for homeowners in Atlanta. According to the Georgia Emergency Management and Homeland Security Agency, in September 2009, continuous rain resulted in 500-year floods that affected several counties throughout northern Georgia, most of them in and around metro Atlanta. The flood caused around $500 million in damage.
In addition to floods, regular thunderstorms and strong winds can result in damage to homes in Atlanta. You can protect yourself from these common perils by adding additional protection like replacement cost contents coverage, which ensures you will be fully reimbursed for your losses.
Homeowners insurance companies use your ZIP code as one of the factors in determining your rates. If you live in an area of Atlanta with a high burglary rate, your premiums may be more expensive. That said, property crime in Atlanta decreased from 2016 to 2018, according to a 2018 FBI crime report.
If you’re looking to lower your rates, installing safety and security measures to your residence, like smoke alarms or a security system, can result in discounts on your homeowners insurance. Securing your home shows your insurer that you are responsible and a lower risk for filing a claim.
Homeowners insurance is not required by law in Atlanta, or in any part of Georgia, but most mortgage lenders will require that you get homeowners insurance and maintain coverage throughout the duration of the mortgage.
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