Cheapest Car Insurance For Low-Income Drivers In Georgia For 2024

After thorough research and a great deal of analysis, I have determined that State Farm Insurance is the cheapest car insurance for low-income drivers in Georgia.

We’ve saved shoppers an average of $600 per year on their car insurance.

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Updated: 18 March 2024
Written by Bob Phillips
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Like several other states, Georgia has recently had auto insurers pulling up stakes and leaving the state. In addition, rates are rising dramatically with a lot of drivers paying considerably more for coverage.  Insurance companies lay the blame for these changes on inflation, increased cost of  claims payout due to higher vehicle prices, and other factors.

Most Georgian drivers, though, including the low-income, can still shop around and save some money on auto insurance. Car insurance liability coverage is a necessity in order to keep drivers on the road and in compliance with Georgia laws.

I have personally had insurance with some of these companies. Each one of them has superior ratings and solid reputations for excellence within the industry. Each has its own merit in offering trustworthy car insurance in Georgia.

Cheapest Car Insurance for Low-Income Drivers in Georgia 2024

Cheapest Low-Income Car Insurance, Georgia 2024

Compare The Cheapest Car Insurance For Low Income Drivers In Georgia

Overall Rating (Best 5.0) Best Suited For A.M. Best Rating J.D. Power Rating (Best 1000) Average Monthly Cost* Get A Quote
State Farm
4.9

Cheapest Overall

A++

838

$112

Instant Quote
Nationwide
4.6

Seniors

A+

NR

$120

Instant Quote
GEICO
4.7

Poor Credit

A++

801

$151

Instant Quote
Scroll to see comparisons

Our methodology

While preparing to publish this review of auto insurance companies, we gathered information from research, taking in several factors such as: product options, customer service ratings, user experience, and pricing, along with our evaluation of online review websites. This review is an unbiased, thoroughly researched view of Georgia's provider landscape as it applies to auto insurance. The information and data contained herein was put together with our collective perspectives, which have been honed to razor sharpness by more than fifteen years as a licensed agent in the vehicle insurance industry, numerous experiences with assorted agents representing a variety of car insurance companies, and insights from our combined experience in actually buying car insurance in Georgia.

43

Quotes Analyzed

19

Brands Reviewed

15+

Years Of Experience

25+

Research Hours

The Cheapest Car Insurance Companies for Low Income Drivers in Georgia


Cheapest Overall

Overall Rating
4.9

Key Statistics

10/10 Coverage level
9/10 Claim payouts
9/10 Customer reviews
10/10 Affordability

Why We Like Them

Georgia’s car insurance market is quite competitive. However, the insurer that is head and shoulders above the crowd is State Farm, for its overall superiority in coverage and cost.

Our time spent researching, along with meticulous reviews of car insurance rates in Georgia, left us in no doubt that State Farm provides some of the most economical full coverage car insurance rates, with premiums as low as $90 monthly.

If you’re a driver in Georgia operating on a low income and looking for insurance coverage that won’t cost a king’s ransom, you need to take a look at State Farm car insurance.

State Farm doesn’t only offer budget friendly premiums, it is ranked amongst the top in the industry, right up there with the best car insurance carriers in the nation. State Farm is a clear winner for auto insurance, with a long history and much acclaim for money saving discounts combined with coverage that is geared to fill multiple needs.

Flexible coverage, combined with comprehensive coverage and affordability, gives State Farm an edge over competitors in Georgia’s car insurance market. It’s the top pick for drivers who want the protection of car insurance without overspending.

Benefits & Drawbacks

Benefits
  • Cheapest rates for most drivers in Georgia
  • Superior AM Best financial strength rating
  • Numerous coverage options and discounts available
Drawbacks
  • Must buy from a State Farm Agent

It’s critical to have adequate auto insurance if you want to be able to drive free of worry about the financial burden you might incur without it in the event of an accident. Also, it’s against the law in almost every state to operate a vehicle on public roads without a minimum of  liability insurance.

Budget conscious vehicle insurance doesn’t equal poor quality vehicle insurance. If you take a bit of time to research car insurance carriers in Georgia, and do comparisons on rates between some of the best companies, it’s possible to purchase sufficient coverage at a reasonably low price.

 Rates for the cheapest low-income car insurance in Georgia

Insurance company Monthly Rate
State Farm $112
Farm Bureau $114
Progressive $124
Nationwide $130
GEICO  $152

Cheapest for Seniors

Overall Rating
4.6

Key Statistics

9/10 Coverage level
8/10 Claim payouts
8/10 Customer reviews
9/10 Affordability

Why We Like Them

If you’re a senior driver looking for budget conscious auto insurance with coverage to suit your needs, you may be interested in Nationwide. This statement isn’t founded solely on my opinion, it’s the result of facts and statistics gathered from research of the auto insurance industry in Georgia, as well as customer reviews.

Nationwide’s rates are usually considered the lowest in the state for senior drivers. Policyholders with Georgia Farm Bureau, for example, have a yearly rate of about $1320.00, and those who have Home State Insurance pay approximately $2,100.00 per year.

Nationwide has rates that are specially made for senior drivers, which makes it the number one choice for any senior who wants adequate coverage that’s affordably priced.

Benefits & Drawbacks

Benefits
  • Auto, homeowners, life, and other insurance products available
  • High financial strength ratings
  • Comprehensive mobile app for digital policy management
Drawbacks
  • Not rated by J.D. Power for customer service
  • Can only buy from Nationwide agents

Senior drivers might be surprised to have their premiums increase along with their age. This occurs because many vehicle insurance carriers have a perception of senior drivers being high risk, like teenage drivers.

The high-risk perception of senior drivers isn’t just prejudice on the part of the car insurance companies. The fact is that statistics bear out the increased risk for older drivers, caused by such factors as: the probability that injuries resulting from an auto accident will be more serious in senior drivers, slower reaction times, and age-related health issues that might affect the ability to drive safely. It’s these elements that are responsible for the belief that older drivers are at higher risk than the younger part of the general population.

A study conducted by The Insurance Institute for Highway Safety (IIHS) found that the rates of fatalities resulting from auto accidents begin to increase at a rapid pace at 70 years of age. Fatalities sustained in car crashes in drivers eighty-five years old (or older) are higher that that of any other age group.

It’s no mystery, then, why senior drivers pay higher premiums for car insurance as they age. Insurance providers have to try and offset the increased risk for more expensive claims.

But, senior drivers can still save money on their vehicle insurance if they’re willing to log in a little time shopping around for the lowest rates and discounts that will lessen the cost of coverage. Many auto insurance carriers have discounts available to senior citizens that help keep premiums down without sacrificing coverage.

Rates for the cheapest car insurance in Georgia for seniors

Insurance company Monthly Rate
USAA $100
Nationwide $106
GEICO  $108
State Farm  $125
AAA  $137

Best for Poor Credit

Overall Rating
4.7

Key Statistics

8/10 Coverage level
9/10 Claim payouts
8/10 Customer reviews
9/10 Affordability

Why We Like Them

GEICO is a wise choice for Georgia drivers who have a low credit rating and need auto insurance. It offers the lowest premiums in Georgia for drivers with poor credit. Various research and studies have shown many times that this car insurance provider is the most budget friendly choice for drivers with less than ideal credit.

However, you mustn’t make the mistake of thinking that GEICO’s low premiums mean low quality coverage. GEICO is a reputable, top drawer insurance company known for its above average customer service, coverage options and affordable rates. Every driver in Georgia, no matter what their credit rating, can get auto insurance at an affordable cost that won’t cause financial hardship on the insured. This low cost, high quality coverage is a big reason why GEICO is a good choice for drivers with poor credit.

GEICO realizes that a low credit score doesn’t necessarily mean a high-risk driver. Some car insurance providers hike the premiums of customers with not-great credit, but GEICO takes a more balanced stance and considers other factors such as the type of vehicle being insured, and someone’s driving record.

Therefore, GEICO can offer low price rates to drivers with poor credit, which makes this provider the first choice for quite a few Georgians.

Benefits & Drawbacks

Benefits
  • Cheapest rates for most drivers in Georgia with poor credit
  • Superior AM Best financial strength rating
  • Numerous coverage options and discounts are available
Drawbacks
  • Digital tools are available but aren’t as robust as some competitors
  • Not as many GEICO agents in Georgia compared to many large competitors

The truth is that to many car insurance companies, there is frequently a correlation between a low income and a poor credit score. This can make rates for those with low incomes or poor credit ratings twice as high as someone with good credit.

But, if you have poor credit, you can still take steps to obtain a lower premium. For instance, scout around for a car insurance provider that has discounts available you might qualify for, as this can mean a savings on your premium. An additional way to lessen your rates is to be extra cautious and avoid moving violations. These things can help decrease the cost of your auto insurance.

Rates for the cheapest low-income car insurance for bad credit in Georgia

Insurance company Monthly Rate
Farm Bureau $112
USAA  $175
Allstate  $211
GEICO  $215
Progressive  $259

By law, Georgia drivers must have liability auto insurance to help pay costs of a car accident. The minimum liability coverage amounts required in Georgia are shown below.

Georgia car insurance coverage must be at least:

  • $25,000 for bodily injury per person
  • $50,000 for bodily injury liability per accident
  • $25,000 for property damage liability per accident

Georgia’s minimum requirements for car insurance are much the same as other states.

It’s mandatory by Georgia law to have car insurance with minimum amounts of liability coverage. However, you might be well served not to have only the least amount you’re required to have by law, but more. In case of an accident, you could be held legally responsible for the difference between the costs of a car accident and what your car insurance will pay. For this reason, a lot of  Georgia drivers take out more than the minimum so that they have more coverage if needed.

Full Coverage Options

“Full coverage,” is a term you’ll hear frequently when the subject is car insurance. Technically speaking, full coverage isn’t actually a thing, but an allusion to having multiple types of coverage. With a combination of collision, comprehensive, and liability, a driver has protection from basically any eventuality while driving.

Liability insurance will help defray the cost of property damage or injuries sustained in an accident where the insured driver was at fault. Collision coverage is designed to help cover expenses if your vehicle is damaged in a collision, with either another vehicle or an object of some sort. Comprehensive coverage takes care of non-collision accidents including such things as fire, theft, natural disasters, and vandalism.

Full coverage car insurance is an all-in-one inclusive package made to offer blanket coverage and provide peace of mind to drivers whether on or off the road.

Does Georgia have a government-sponsored car insurance program for low income families?

No, Georgia  doesn’t have a government-sponsored car insurance program for low income drivers. All drivers in the state are legally required to have a minimum of liability insurance, but it’s at least lower cost than full coverage.

Does income affect car insurance rates in Georgia?

No, no at all. Your income doesn’t factor into the price of your auto insurance premiums in Georgia. Instead, car insurance carriers will look at things such as: adding teenaged or senior drivers, the vehicle you drive, your location, age, and your driving history, along with the amount of  coverage you want, in order to calculate your rates.

How to save on car insurance costs in Georgia

Making your way through the Georgia car insurance landscape can be difficult and confusing; but if you use the right strategies, you can save money on your rates. Use these 3 tips to save money on vehicle insurance in Georgia:

1. Compare Rates from Different Providers

If you want to save money on car insurance in Georgia, the first step to take is rate comparisons between auto insurance providers. Rates are calculated according to several factors, such as: your age, your driving history, and your location, among other things. Rates might vary widely between one carrier and another. Spend some time to get quotes on premiums and compare discounts and coverage amounts before choosing one insurer that seems to suit your car insurance needs. It will be time well spent.

2. Leverage Discounts

Discounts that may cut the cost of your premiums are offered by numerous auto insurance carriers. Some examples of discounts are: bundling more than one type of coverage with a company, your vehicle’s safety features, being a good student, safe driving, and more. Find out what discounts are available from the car insurance providers you’re most interested in, along with which you may qualify to receive.

3. Adjust Your Coverage and Deductibles

Adjusting the amount of your coverage, as well as raising your deductible, is generally a guaranteed way to lower premiums. You might be able to cut some corners on these things and make small changes that will reap big benefits in lessening how much you pay. Paying for expensive full coverage on an older vehicle,  for instance, might not be a smart move financially since the premiums could add up to more than the value of the car.

Raising your deductible, which is what you’re responsible for paying if you have a claim, can also lower the cost of your premium. However, before increasing your deductible, be sure that the higher sum you’ll pay out of pocket is one you’re comfortable with.

FAQs

How can low income families get affordable car insurance in Georgia?

Low income drivers in Georgia should check around and compare rates of various insurers, as well as coverage. Find out which discounts are available from different providers, too, since discounts can lower car insurance costs. Just doing these two things could save money on your auto insurance premiums.

What is the minimum amount of car insurance you have to carry in Georgia?

The law in Georgia is that you are required to have a minimum amount of liability car insurance. These amounts are: $25,000 for injury or death of one person in an accident and $50,000 for more than one person, plus $25,000 for property damage per accident.

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