Condo Insurance Georgia

Providing you a seamless experience to finding the best condo insurance in Georgia

Start My Quote

Getting a Condo Insurance Quote in Georgia

Many residents in Georgia choose the ease of living in condos. Choosing the proper condo insurance from Georgia could be confusing, so we're here to help you by minding a couple of important elements that you have to remember when negotiating the final cost of your condo insurance so that you receive the right policy for your needs at the right cost. There are many factors that will affect how expensive or cheap your yearly condo insurance estimate will be, so we've made it our objective is to make the condo insurance purchasing process a breeze.

Difference in Costs of Condo insurance in Atlanta, GA Compared to State Average

3 %

Difference in Costs of Condo insurance in Augusta, GA Compared to State Average

10 %

Difference in Costs of Condo insurance in Columbus, GA Compared to State Average

15 %

Difference in Costs of Condo insurance in Macon, GA Compared to State Average

7 %

Georgia Condo Insurance Statistics at a Glance

Given the numerous factors that affect the price of condo insurance, and taking into consideration that property values are on the rise, Georgia condo insurance coverages may be over the costly side. Georgia is ranked the 31st most expensive country in the country for condo insurance. Georgia residents pay an average of $89 per month or $1,067.00 per year in condo insurance premiums. Even though Georgians are spending more about condo insurance, the fantastic thing is that trends demonstrate that prices are becoming more affordable. Overall most cities in Georgia have similar average monthly prices, but Sugar Hill, GA has been shown to be the lowest priced cities in $711.50 per year or $59.29 per month. On the flip side, Savannah, GA has the maximum condo insurance rates in the state at $974.50 per year or $81.21 per month. Different insurance companies have significant differences in rates, so it's necessary to shop around if you're looking for condo insurance from Georgia.

  • $521

    Average Annual Cost of Condo Insurance in Georgia

    The average cost of condo insurance in Georgia on an annual basis is $521.

  • $43

    Average Monthly Cost of Condo Insurance in Georgia

    The cost of condo insurance in Georgia is roughly $43 per month.

  • 27%

    Percentage of Income on Ownership for Condos in Georgia

    Residents of Georgia spend an average of 27% of their income on condo ownership.

  • 18 years

    Median Age of a Property Which Requires Georgia Condo Insurance

    The average age of a property requiring condo insurance in Georgia is roughly 18 years.

What Affects the Costs of Your Condo Insurance in Georgia

There are a number of variables that cause condo insurance coverages in Georgia to change from price. Insurance companies use many variables to calculate your personal risk and policy requirements, and to secure you a precise quote for your condo insurance coverage. But there many factors outside of your control that could affect the price of your condo insurance from Georgia. Those factors could include things such as the location of your condo, the age of your condo in Georgia, and the building quality of your condo. They might be able to see whether you are entitled to discounts. Some factors in your control that can help or hurt the final pricing of your Georgia condo insurance costs could be variables such as your credit history, your claims history with other condo insurance providers, your driving record, the sum of personal belongings that you have on your condo, the people who reside on your condo, and if you own or rent the condo. To be able to acquire the best possible quotation, we highly recommend that you have a lot of this information prepared prior to getting a condo insurance quote for your Georgia property.
condo insurance georgia content image

Average Cost of Condo Insurance in Georgia by City

The most common sort of condo insurance in Georgia is the HO6 insurance plan. Whether you're living the city life in Atlanta or Augusta or own a condo in a bigger town like Canton, you'll probably need H06 insurance for your condo in Georgia. To give you an idea of just how much it will cost to cover that the condo, we've provided a full collection of projected condo insurance quotes for your Georgia city. The following averages are based on all of insurance prices for your respective town or city in Georgia, therefore depending on where your condo is located in your neighborhood, your final price could differ radically than what's quoted below.
condo insurance georgia content image

Choosing the Best Condo Insurance Company in Georgia for Your Needs

Making certain that you set in time and effort to choose the best condo insurance company in Georgia for your requirements will provide you peace of mind in the long term. You're currently insuring your distance yourself, and your valuablesspend that extra time to hunt that you could find. Don't brief change your Georgia condo and the possessions interior of it by settling for the cheapest one on the market. The best thing to do is to shop around and compare several businesses prior to making final choices and choosing the best condo insurance company in Georgia to suit your requirements. Bear in mind that you will not be forced by a company in making a decision or pay that you don't want. Look for condo insurance businesses that reward their long-term customers with discounts or also supply bundle insurance reductions. Be certain that your provider is licensed. Check the Georgia Department of Insurance website to find out the licensing status, financial stability and criticism history of your chosen insurer.

The Top Rated Condo Insurance Companies in Georgia Based off Consumer Ratings

State Farm holds the top spot at being the largest condo insurance provider in the United States for over 50 decades. In Georgia, a study done by JD Power showed that State Farm has been scored a 4 out of a 5 (higher than the average) from the policy offerings, billing and payment, customer service and claims. In Georgia, State Farm also obtained a NAIC criticism ratio of 0.2. Like many condo insurance providers in Georgia, they provide excellent discounts on condos that have been made or renovated to better resist any natural disasters that may occur from The Peach State. When looking at pure metrics of condo insurance firms in Georgia alone, USAA has the highest JD Power rating in the country at 5 while Liberty Mutual has the cheapest at 2. The condo insurer in Georgia that has the cheapest NAIC criticism ratio in Georgia is COUNTRY in 0.13 while Liberty Mutual has the highest NAIC criticism ratio in 0.41.

Georgia Condo Insurance Requirements

Under the Condominium Act a condo unit owner in Georgia is allowed to obtain insurance for his or her own advantage, but is not required to do so. The Act says that if in the time of reduction the device owner has an insurance policy that covers exactly the exact same risk as the policy of the institution , then the associations' policy provide the insurance that is primary and will take precedence. Georgia law demands condominium institutions obtain insurance for your own condominium construction as a whole. But, condo unit owners might still want to consider purchasing insurance policies to cover their accountability their possessions, any developments that they personally install, or any reduction or event not insured by the policy of the institution .

What's Covered with Your Condo Insurance in Georgia

While browsing for the condo insurance policy, what you'll notice is that most condo insurance companies in Georgia will provide standard coverage which may include construction property policy, private property policy, loss of use coverage and liability policy. Building property policy protects you financially out of damage to the inside of your condo (walls, floors, tiles) and reduction of permanent fixtures caused by a covered event, such as fire. Personal property policy protects your personal belongings, such as clothing, and furniture, electronics, that are lost due to a covered event. With liability policy, if you are held accountable for property damage or bodily harm afterward liability policy offers financial protection for you. Usually a condo insurance policy from Georgia covers $100,000 in liability compensation. With loss of use policy: If your condo in Georgia becomes uninhabitable and you want to reside outside of your condo due to a covered event and are paying more than you'd living on your condo then this feature will pay you for the higher living expenses.

How to Get Georgia Condo Insurance Discounts

Every insurance company in Georgia has its very own reduction or dedication program. So make certain that while you're shopping around for a condo insurance quotation that you inquire about any discounts that may be available to you personally or your household members. Usually, you will find quite a few discounts available on Georgia condo insurance coverages. Couple for are new customer discounts multi-policy and bundled discounts, loyalty discounts and paid-in-full discounts.

Getting the Best Georgia Condo Insurance Rates

Shopping around is critical to determining if sufficient savings are available for your Georgia condo insurance policy. All you have to do is telephone us and see if any other insurers can beat what you are currently paying. You could be amazed. You can even ask a friend to refer you to their present condo insurance provider which might produce a referral reduction. It's possible to raise as the higher your deductible, the lower the price of your insurance. But make sure that your deductible is not too high as in case of a loss you are responsible for paying any sum up to the deductible. See whether you're able to bundle your provider and multiple types of insurance policies together as many insurers offer discounts to customers bundle insurance policies with them. As an example, consult the provider of your car insurance and see if they will decrease your premium if you buy condo insurance from them. They may provide longevity reductions for long-time customers, if you stay with the same insurer for decades. A few of these discounts may save you around 10% on your premiums. Pay attention to your credit rating and make sure it stays high as insurance companies take that into consideration when deciding your condo insurance premium. Increase it keep it high to find a reduced insurance premium.