Best Homeowners Insurance Companies In Georgia 2024

Due to a variety of reasons, State Farm Insurance seems to be the best overall option for homeowners in Georgia. This is based on the company’s large agent presence in the state, along with excellent ratings in customer satisfaction, and combined with reasonable premiums that are affordable for the average homeowner. Why are high service ratings from policyholders so important? Because you never know when you might suffer damage to your property as a result of severe weather, and feedback from others is critical since it provides you with a frame of reference in the event this happens. With so many agents, claims adjustors, and claims offices in Georgia, you can be sure of getting the help you need when you need it.

State Farm gives you the ability to customize your coverage options to best fit your individual needs. For instance, you might select a standard home policy and then tack on extra coverage. HOA residents may appreciate having protection if forced to adhere to rules and standards that could be based on new ordinances and/or laws when rebuilding. Other extra coverage includes valuables like collectibles or jewelry, or the prevalent occurrence of identity theft.  You should note that State Farm Insurance has received the highest financial strength rating possible from AM Best.  An A++ rating is the best!

You can begin by simply obtaining a quote from State Farm online. From there, if you want to buy a policy from them, your next step in the process is to visit a local agent. Once you purchase coverage, you’ll have the ease and convenience of accessing your account online, using the app or website. You’ll be able to file claims and sign up for paperless billing, so handy for anyone whose time is at a premium. In addition, the State Farm website offers you a helpful resource library to help you learn and understand everything you need to know about your insurance.

If you’re shopping around for the least costly homeowners insurance in Georgia, Chubb has it. With an average policy cost of just $1,362 per year, Chubb costs $1,170 less than the  average statewide policy.

Offering the most affordable homeowners rates in Georgia doesn’t mean that this company comprises on coverage. You can get a policy specially designed for higher value home coverage. This is a company well known in the industry for their excellent customer service, an important benefit. Added to that is their noteworthy financial stability that makes them a safe bet for insurance you can count on.

You get extended replacement costs to replace your belongings. This means that even if they’ve depreciated and aren’t worth as much as the price you paid when purchased originally, you will receive the current cost of replacing them. Chubb doesn’t give you lower premiums at the cost of the protection you need.

Earning an A+ Superior rating from AM Best for its financial strength is an impressive feat for  Nationwide. However, the company has a low score in customer satisfaction based on many negative reviews from policyholders. You can consider it a plus that Nationwide offers a robust agent presence in Georgia, as well as numerous neighborhood offices throughout the state.

The standard homeowners policy boasts coverage that you won’t find with a lot of other insurance providers. For example, the benefit of reimbursement if you’re a victim of credit card fraud. Legal coverage for ordinances, too, if you find yourself forced to rebuild in order to be in compliance with stringent HOA codes.

Your Nationwide policy can be customized with unique options such as Better Roof Replacement, that pays you for upgrading your home’s roof if it has to be replaced after a covered event such as a storm.

Brand New Belongings is yet another policy option that pays you the depreciated value and cost of replacing your personal belongings if they are destroyed or damaged. All you have to do is buy replacements for your items, send receipts for your purchases to Nationwide,  and then you’ll receive reimbursement for the cost difference.

Georgia Farm Bureau is only available to residents of Georgia. This company gives you competitive rates on basic but solid homeowners insurance coverage. Its reputation for  outstanding customer service in the Peach State, combined with a hefty number of discounts for those who qualify, makes its rates even more attractive to anyone who wants good coverage at an affordable price.

One less than desirable thing is that you aren’t able to get quotes on home or auto insurance coverage online. This makes getting a fast price you can then compare to other insurance providers more difficult.

Another thing to be aware of is that with Georgia Farm Bureau insurance, you’re only covered for “named peril” claims. In other words, if your policy doesn’t specifically name a peril in the policy, it isn’t covered.

The US homeowners insurance industry averages 7 discounts. Allstate, on the other hand, provides a grand total of 11 homeowners insurance discounts. This is markedly higher than the national average, which is a good thing for you if you’re in the market for coverage.  Insurance analysts, including me, view many of this company’s discounts to be unique, with clear benefits for policyholders.

Allstate’s discounts include:

• Deductible Reward: You receive $100 off your deductible on sign up
• Claims-free: You receive 5% back upon renewal if you’re claims-free each year
• Early Payment: Allstate gives you up to 10% off your cost if you buy a new policy at least one week before expiration of your old policy
• Automatic Payment: You save as much as 5% if you sign up for autopay
• Deductible Reward: $100 off your deductible when you sign up
• Claims Forgiveness: After you have filed a claim, you get additional coverage that prevents your rate from going up
• Protective Device: If you install theft and fire protection, you receive a discount
• Home Buyer: Recent home buyers receive a discount
• Bundle: Bundle your auto and home insurance to get as much as 25% savings
• New Home: Insure your newly built home and receive a discount
• Loyalty: Renew your coverage with Allstate and get a discount of up to 10%
• Responsible payment: A good payment history will reward you with a discount

The industry average is 5, but Allstate offers you 9 optional types of coverage for home insurance. Besides the common options such as identity  theft and a schedule of personal property, Allstate has unique options for coverage of your yard and garden. This coverage boosts the limits for replacement of riding lawnmowers and landscaping.

Farmers homeowners insurance doesn’t only rank highest for perks, its high score in “online experience” due to its great explanation of the perks and discounts it offers to prospective and existing insured policyholders makes it a standout. Below are a few of the beneficial perks you get with Farmers Insurance:

• Declining Deductible: For every year that your homeowners policy is in effect, you receive $50 toward your deductible
• Guaranteed Replacement Cost: The full cost of rebuilding your home is paid, regardless of costs
• Multiple Policy Savings: When you buy multiple insurance policies with Farmers, you’ll save as much as thirty four percent
• Claim Forgiveness: your premiums won’t be raised because of a claim once you’ve gone claim-free with Farmers for five years.
• Claim Free Discount: If you remain free of claims for 3 years, you will get a discount on the cost of your insurance coverage

Farmers’ Insurance score of 9.3/10 is an excelling rating overall, but is a reflection of its low  customer satisfaction ratings for policyholder service by J.D. Powers.