Best & Cheapest Homeowners Insurance in Savannah, GA For June, 2024

Chubb offers the cheapest homeowners insurance to homeowners in Savannah with an average annual quote of $1,272.

min read
Updated: 05 May 2024
Written by
Bob Phillips
On this page Open

In our comprehensive review of homeowners insurance providers in Savannah, GA, Chubb emerges as the most budget-friendly option, with average annual rates of $1,272. However, keep in mind that the best insurer for you may vary based on your unique circumstances and requirements.

For instance, if your credit score has taken a hit, Chubb still stands out as the most economical choice with an average annual premium of $1,946. In contrast, if your home is on the older side, State Farm rises to the top with its competitive rates of $1,857 per year, and comprehensive coverage.

On the other hand, if you’re the proud owner of a newly constructed home, Nationwide offers the most cost-effective solution at $730 per year. And for those who’ve had a history of claims, State Farm provides an affordable and understanding solution at $2,114per annum.

Our in-depth analysis at Insuranceopedia is designed to guide you toward the perfect fit for your homeowners insurance needs. By comparing customer ratings, analyzing personal experiences, and presenting comparison charts, we will provide you with all the information necessary to make an informed decision.

How much is homeowners insurance in Savannah, GA?

Chubb offers the most affordable rate for homeowners insurance in Savannah at $1,272 annually.

As you can see below, rates in Savannah are more expensive than the National average. They are also higher than the Georgia State average.

Area Average Monthly Rate
National $1,820
Georgia $1,844
Savannah $1,897

It’s important to understand that rates are not a one-size-fits-all matter. They can fluctuate significantly based on a myriad of factors.

Cheapest Homeowners Insurance in Savannah, GA

Cheapest Homeowners Insurance, Savannah, 2024

Our Methodology

To find the cheapest home insurance rates in Savannah, we analyzed findings from numerous home insurance review sites, some of which analyzed rates from public filings obtained by Quadrant Information Services. We’ve used an average of those rates for this review, but each company’s rates change frequently and will vary based on your situation. Also factored into the overall rating is my subjective opinion based on fifteen years of experience as a licensed insurance agent and over three decades of purchasing home insurance.

66

Quotes Analyzed

15+

Years Of Industry Experience

24

Brands Reviewed

40+

Research Hours

Cheapest Homeowners Insurance in Savannah, GA

Chubb emerges as the cheapest overall option for homeowners insurance in Savannah, GA, with an average annual rate of $1,272.

Company Annual Premium
Chubb $1,272
Progressive $1,859
State Farm $1,892
Nationwide $2,560
Farmers $3,024

The cost of your policy is influenced by many factors, including location, home value, and your claims history. Chubb offers a balanced blend of affordability and comprehensive coverage.

Cheapest Homeowners Insurance In Savannah If You Have an Older Home

For those with older homes, State Farm offers the cheapest rates, averaging $1,857 per year.

Insurance Company Average Annual Premium
State Farm $1,857
Country Financial $1,982
USAA $2,497
Nationwide $2,566
Farmers $3,570

Older homes often come with unique risks and maintenance issues, which can drive up insurance costs. State Farm offers competitive rates and comprehensive coverage tailored to meet the needs of older homes.

Cheapest Homeowners Insurance If You Have Poor Credit

If your credit score is poor, Chubb provides the most affordable solution, with an average annual rate of $1,946.

Insurance Company Average Annual Premium
Chubb $1,946
Country Financial $2,320
State Farm $3,240
Nationwide $3,360
USAA $3,550

Your credit score can significantly impact your insurance rates as it’s a key factor insurers consider when calculating risk. Chubb understands that everyone deserves fair coverage, regardless of their financial past.

Cheapest Homeowners Insurance for Newly Constructed Homes

If you’re the proud owner of a newly constructed home, Nationwide offers the most cost-effective solution, with an average annual rate of $730.

Insurance Company Average Annual Premium
Nationwide $730
Allstate $780
Travelers $845
State Farm $967
USAA $1,054

New constructions often require different coverage compared to older homes, and Nationwide excels in providing affordable policies tailored to these specific needs.

Cheapest Home Insurance In Savannah for a History of Claims

For homeowners with a history of claims, State Farm provides an affordable solution, with an average annual rate of $2,114

Insurance Company Average Annual Premium
State Farm $2,114
USAA $2,870
Travelers $4,368
Nationwide $4,960
Farmers $5,131

A history of claims can raise red flags for insurers, often leading to higher premiums. However, State Farm believes in second chances and offers reasonable rates for those with past claims.

Best Homeowners Insurance Companies in Savannah, GA

Choosing the right homeowners insurance is not just a necessity; it’s a strategic decision. With a rich history, Savannah’s homes are as unique as its residents. Therefore, finding an insurance provider that offers comprehensive coverage at competitive rates becomes paramount.

To make your decision-making process easier, we’ve compiled a list of the top homeowners insurance companies in Savannah, GA. These companies have been assessed based on their annual premiums, coverage options, customer satisfaction ratings, and overall reliability. Take a look at our comparison chart below and find the perfect fit for your home insurance needs.

Company Annual Premium
Chubb $1,272
Progressive $1,859
State Farm $1,892
Nationwide $2,560
Farmers $3,024
Country Financial $1,862
USAA $2,470
Travelers $2,560

Average Home Insurance Rates by Zip Codes

The cost of homeowners insurance in Savannah, GA can vary significantly based on the zip code. Below are tables showcasing rates for different zip codes in Savannah, along with the five cheapest and most expensive zip codes in the area for annual home insurance premiums.

ZIP Code Average Insurance Premium (Annual)
31405 $1,991
31419 $1,824
31409 $1,814
31407 $1,846
31415 $1,969
31406 $1,934

Cheapest Zip Codes

ZIP Code Average Insurance Premium (Annual)
31404 $1,814
31409 $1,814
31419 $1,824
31421 $1,917
31407 $1,846

Most Expensive Zip Codes

ZIP Code Average Insurance Premium (Annual)
31405 $1,991
31406 $1,934
31401 $1,931
31415 $1,969

Average Home Insurance Rates in Savannah, GA by Deductible Amount

The deductible amount chosen for a homeowners insurance policy significantly affects the premium rates in Savannah, GA. Here’s how the average home insurance rates fluctuate  for different deductible amounts:

Deductible Annual Rate
$500 $1,938
$1,000 $1,576
$1,500 $1,401
$2,000 $1,230
$5,000 $1,105

Average Home Insurance Rates in Savannah, GA By Coverage Amount

One of the key components that influences your premium is the dwelling coverage amount. This is the maximum amount your insurance company will pay to rebuild or repair your home if it’s damaged or destroyed.

Let’s take a closer look at a comparison chart that outlines the average annual homeowners insurance premiums for different dwelling coverage amounts.

Dwelling Coverage Amount Average Annual Premium
$200,000 $1,472
$250,000 $1,688
$300,000 $1,843
$350,000 $2,012
$400,000 $2,199

Average Home Insurance Rates in Savannah, GA by Company

Here’s a comparison table showcasing annual premiums from some of the top providers in Savannah:

Company Annual Premium
Chubb $1,272
Progressive $1,859
State Farm $1,892
Nationwide $2,560
Farmers $3,024
Country Financial $1,862
USAA $2,470
Travelers $2,560

How Much is Homeowners Insurance for Other Cities in Georgia?

The following is a  detailed comparison chart that showcases the cheapest companies and their annual premiums across various cities in Georgia.

City Annual Premium
Atlanta $2,173
Allentown $1,331
Brookfield $1,908
LaFayette $1,267

Getting Online Homeowners Insurance Quotes in Georgia

With informative sites like Insuranceopedia, finding the best coverage for your unique needs is just a few clicks away. By providing quick online quotes from a variety of top-rated insurers, Insuranceopedia helps you to compare rates at a glance.

Just input your details and let us do the hard work, presenting you with a range of options tailored to your requirements. This way, you can confidently choose a policy that offers the highest value, balancing cost with comprehensive coverage.

FAQs

Who has the cheapest home insurance in Savannah, GA?

The cheapest home insurance in Savannah, GA, is provided by Chubb, with an annual premium of $1,272.

What is the average cost of home insurance in Savannah, GA?

The average cost of homeowners insurance in Savannah, Georgia, is approximately $1,897 per year.

Go back to top