Smart Auto Insurance Blog

According to a press release, State Farm is lowering its Georgia auto insurance rates next month. As of March 9th, both comprehensive coverage and collision coverage premiums will decrease by an average of 1.5%. (However, medical and liability coverage rates will not change.) This is thanks to State Farm having to pay out fewer insurance claims than expected. This decision by the largest auto insurer in the state could save drivers over $16 million!

Get your own State Farm quote now and see if you will save money under the new rates.

A Business Wire press release has announced that Geico plans to lower its rates for Georgia auto insurance! The company’s representative states that on average, the same policies will cost 2.3% less than they did previously. She credits greater efficiency with better Geico insurance quotes at the same time other insurers in Georgia are increasing premiums.

The decreases go into effect on February 8th for existing policies. They apply to newly bought policies immediately.

(Photo credit: sarahee under CC 2.0)

Some Georgia auto insurance customers will experience rate increases soon according to a story earlier this month published by macon.com.  Several auto insurers notified the commissioners office that they plan to raise their private passenger auto insurance rates while a handful of others said their rates would be dropping.   A new law that went into effect on 10/1 blocked the commissioner’s authority to block proposed insurance rate increases.

The following 19 auto insurance companies have filed to make changes to their rates (14 increases and 5 decreases):

• AIG National+2.4%
• Central Mutual -0.24%
• Grange Property & Casualty +7.4%
• 21st Century Insurance +8.9%
• GEICO -0.9%
• Government Employees Insurance -0.9%
• American Security Insurance +11.1%
• Unitrin +7.5%
• AIG Centenial +9.9%
• AIG Insurance+8.1%
• American Home Assurance +8.2%
• American International Insurance 9.0%
• TrustGuard Insurance 9.98%
• Grange Mutual Casualty 2.45%
• Depositors Insurance 7.6%
• Lincoln General -10.1%
• Allmerica +8.5%
• State Farm -0.1%
• Victoria Select +3.6%

In total, the Georgia auto insurance rate changes ranged from a 11% increase to 10% decrease.