Get Atlanta, GA Home Insurance Rates!
Life in Atlanta is nothing short of perfect, there is always something going on, the weather is beautiful and we are the culture capitol of the south. It doesn't matter if you are spending the day in Piedmont Park, hitting the Botanical Gardens or taking in a Braves game under the lights, Atlanta is great place to live.
Atlanta Facts
Atlanta is both the capitol of Georgia as well as its most populous city with roughly 443,000 residents. The broader Atlanta metropolitan area is the ninth largest in the country with a total population of 5.5 million people.
According to Trulia, the median price for a home in Atlanta is currently $242,000, which is a healthy 5.2 percent increase over the past year.
Homeowners Insurance in Atlanta
When it comes to homeowners insurance, Georgia residents are getting a pretty fair shake. While not the cheapest state in the country to buy homeowners insurance, Georgia ranks almost in the middle of the pack at number twenty.
Residents of the Peach state are currently paying an average of $921 for homeowners coverage which was an increase from April when policies were going for an average of $901 per year. This rate reflects the cost for a standard policy which includes coverage for your house, your contents, loss of use, medical payments and of course homeowner liability coverage.
The best way to ensure that you are getting a great price on your homeowners coverage is to shop it around on a regular basis. This is true not only in Atlanta but every city in the country. Get quotes once a year and any time that you make improvements to your home.
Factors to Consider in Atlanta
One factor that works against Atlanta residents is the crime rate. While our crime rate has been dropping for years, we are still above the national average. Crime rates have a definite effect on your premium.
It is always a wise idea to investigate crime rates in any neighborhood you are considering. The Internet is full of sites that can help you track down current crime rates, by neighborhood and even by street in some cases. Ask your agent for a quote on any home you are seriously considering.
Lets not forget about the weather. While Atlanta is not tornado central, we do get our fair share of severe storms. Wind damage is covered by a standard policy but it's important to remember that flood damage is never covered. If you live in a flood prone area additional flood coverage is a must. The National Flood Program is the best place to buy an affordable flood policy.
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Our Quoting Service in Atlanta
We have been working with the top rated ("A+" A.M.) Georgia home insurance carriers for years and we can help you find the best coverage at an affordable price for your home in Atlanta, GA.
It’s important when shopping for insurance to work with carriers that are dependable and financially secure. Our top-rated carriers include Liberty Mutual, Safeco Insurance, Tower Hill, ShoreOne, Kind Group Underwriting, AIG, Chubb, Travelers, National General, Heritage Insurance and the Georgia Underwriting Association
Compare and Save on Georgia Homeowners Insurance Today!
Average Rates Nearby Atlanta
Are you looking for homeowners insurance in a city near Atlanta? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!
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Home Insurance Rates by Zipcode in Atlanta, GA
Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Atlanta.
30303, 30305, 30306, 30307, 30308, 30309, 30310, 30311, 30312, 30313, 30314, 30315, 30316, 30317, 30318, 30319, 30322, 30324, 30326, 30327, 30328, 30329, 30331, 30332, 30336, 30337, 30338, 30339, 30340, 30341, 30342, 30344, 30345, 30346, 30349, 30350, 30354, 30360, 30363,
Atlanta, GA Home Insurance Average Premiums
$727 /yr.
For the city of Atlanta, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.
| Coverage Amount: | Annual Premium |
|---|---|
| 1800 sq. ft. or below (discounts applied) | $727 /yr. |
| Average Coverage: | $977 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $1277 /yr. |
What is the average home insurance cost for a home in Atlanta, GA?
- • The average homeowners insurance premium paid annually for a home in Atlanta is around $977 per year.
What does it cost on average per month for home insurance in Atlanta, GA?
- • Homeowners in Atlanta pay an average cost per month around $81.00 for insurance coverage.
Atlanta, GA - 2023 Housing Information
| Month | Current Home Value (2023) | Last Year Home Value (2022) |
|---|---|---|
| January | $376,801 | $358,210 |
| February | $376,521 | $363,182 |
| March | $376,756 | $368,540 |
| April | $376,284 | $373,906 |
Homeowners insurance will help cover the cost to repair or replace your Atlanta home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:
- Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Atlanta
- Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
- Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
- Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
- Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.
Get up to 12 competitive Atlanta, GA homeowners insurance rates all in one place! |
Saving Money Tips on Atlanta Home Insurance
A great way to save money on Atlanta homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:
- Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
- Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
- Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
- Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.
Are you shopping for the best rate near or wihin the Atlanta area? Check out what homeowners are paying on average for Georgia homeowners insurance.
Elevation Review for Coastal Wind or Flooding Risk
| Elevation | Details | Homeowners Tips |
|---|---|---|
| 949 ft. | This is the average home elevation in Atlanta, GA | Did you know that the elevation in which your home resides is crucial to a home insurance policy because it determines the risk factor related to your home being in a flood zone. It is important to understand that your home is not covered for floods under a standard homeowners policy. You will need to speak with a local Georgia flood insurance agent about a flood insurance policy, please give us a call now at 888-620-1954. |
To get online quotes on your home and compare rates on home insurance premiums in Atlanta, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Dekalb County.
Georgia Homeowners Insurance News & Information
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Homeowners Prepare for Rate Increases Later This Year Posted on Monday 27th June, 2022
In most states, home insurance rates are headed up this year and homeowners should be prepared for further rate increases before the end of the year. According to a recent S&P Global Market Intelligence report, over 177 insurance carriers have filed requests for rate increases in 43 states, Arizona alone has seen 34 rate increase requests. […]
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Hurricane Isaias is on the same track as Hurricane Dorian – What can we expect? Posted on Wednesday 5th August, 2020
Hurricane Isaias is on roughly the same track as Hurricane Dorian and is the first hurricane to hit the Bahamas since Dorian stalled over the islands as a Category 5 monster killing dozens of people and causing massive destruction. Here is a quick overview of both storms as well as a few tips on how […]
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Georgia Coastal Home Insurance Coverage & Rates Posted on Wednesday 2nd October, 2019
Windstorm insurance is not a required coverage in Georgia, but if you live on the coast, it is certainly an insurance you should consider. In many coastal areas your mortgage lender will require that you carry a windstorm policy to make sure your home (and their investment) is full protected. Windstorm policies are designed to […]
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Coastal Homeowners in Denial: FEMA urges homeowners to buy flood insurance Posted on Monday 23rd September, 2019
Congress is getting ready to send President Donald Trump the thirteenth 60-day extension of the National Flood Insurance Program (NFIP) as the current one expires at the end of September. The NFIP has been in serious financial trouble for years but Congress has been unable to agree on how to fix the ailing program. The […]
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Thousands of Homeowners in the path of Hurricane Dorian Cancelled Their Flood Insurance Posted on Wednesday 11th September, 2019
According to a recent analysis by E&E News of government data, tens of thousands of homeowners who were in the path of Hurricane Dorian dropped their flood insurance in recent years. The analysis found that both homeowners and owners of commercial buildings have been giving up their flood insurance policies despite the fact that their […]
Atlanta, GA Dwelling Coverage Estimate
It is important to calculate your dwelling coverage for your home in Atlanta so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.
Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.
What is the average replacement cost coverage in Atlanta, GA?
- The average square footage in Atlanta is around 2,604 Sq. Ft. which would cost you around $317,733 to replace the home if you base the home on the price to build per square foot of $122.
Minimum Replacement Cost Total: $317,733
Location: Atlanta, Georgia (Dekalb County)
Average Building Cost Per Square Foot in Atlanta: $122 (low end)
Average Square Footage in Atlanta: 2,604 Sq. Ft.
| Home Improvement Status | Price per Sq. Ft. | Dwelling Coverage |
|---|---|---|
| None or Very Minor Improvements | $122 | $317,733 |
| Some Additional Upgrades | $153 | $397,166 |
| Major Home Updates or Advancements | $183 | $476,599 |
The dwelling coverage is calculated by the average cost per square foot ($122) in Atlanta, Georgia times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $381,250 (Media price to build of $153 x 2500 sq. ft.) to cover the cost to rebuild your new home.
What is the difference between actual cash value and replacement cost value?
Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:
Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.
Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.