You know how important it can be to have homeowners insurance in Atlanta if you’re one of the 41% who live in their own homes. Although the city is not prone to natural disasters like earthquakes or tornadoes, it does have average of $1376 and slightly higher than the national average at $1,312. We looked at the top insurance companies that offer affordable homeowners insurance in Atlanta. They have great customer service, competitive prices, and a wide range of coverage options.
Atlanta’s best home insurance company
To determine the most affordable home insurance in Atlanta, Bankrate looked at many factors. While price was an important factor, so was the availability of discounts and coverage options. We also looked at customer service as it was determined by consumer watchdogs like J.D. We also assessed each company’s financial stability.
Progressive
Progressive’s premium rates were among the lowest of all insurers we examined, with an annual average rate of $804 — more than $500 less than the Atlanta average. J.D. rated the company as the least reputable of the top picks. The company was rated by J.D. Power, which measures customer satisfaction. It is possible to pay less for excellent customer service than you would like, even if your rates are low.
Progressive’s discounts include a new purchase discount as well as a pay in full discount. These can help lower your costs. Additional coverages include personal injury and water back-up, which can protect you against slander and libel.
Farmers
Farmers came in at the second lowest average rate of $871, still hundreds of thousands below the Atlanta average. J.D. rates the company highly. The company also has power.
Farmers’ online quote tool, which is among the best in business, is also one of its most useful. You can use Smart Plan Home to select one of three options for homeowners coverage: standard, enhanced, or premier. For every year that your policy is in effect, the company will reduce your deductible by $50. If you haven’t had any claims for three years or more, you can get a discount.
Auto-Owners
Auto-Owners has a great balance of low premiums, above average customer service and a good deal on home insurance.
There are many options available to you that will allow you to tailor your policy. This includes Homeowners Plus for homes with higher values. It provides increased coverage for household leaks and food spoilage. There are a dozen other ways you can save, such as a green discount or a mortgage-free discount.
USAA
USAA offers policies to veterans, military personnel and their families. It should be your first stop if you are stationed at Marietta or have previously served in the military.
USAA is a leader in customer support and ranks at the top of the J.D. Power list for customer service. A active online community is also available on the company’s site. You can lower your premiums by bundling discounts, as well as lower rates. USAA Insurance offers military-specific coverage. This includes special coverage for uniforms in case of loss.
Travelers
Travelers is a great choice if you’re looking for a policy that you can tailor to your needs. You can add endorsements for jewelry, valuable items, water backup and other coverage to your policy.
While Travelers rates were the most expensive of the five top insurers, they still fall below the Atlanta average. There are potential discounts for bundles, loss-free, and protective devices that could reduce your rate.
Options for Atlanta home insurance
Homeowner insurance is not required by the state. However, your mortgage holder, if any, may require that you have one. Standard HO-3 insurance covers your home, property, and other structures against damage caused by specified perils. It also includes liability coverage. These are optional coverages you can add to your policy, known as endorsements.
- Flood insurance: Even though Atlanta isn’t on a major water body, small ponds or drainage ditches could flood and cause serious damage. Since flooding is not covered under most homeowner policies, your insurer can advise you whether it would be prudent to purchase a policy through the National Flood Insurance Program.
- Sump pump and water backup: This add-on is available to homeowners who have sump pumps in their homes. Water backing up in the drain line is not covered under HO-3 policies. This coverage can help you avoid significant repairs if your basement floods.
- Identity fraud: Individuals can be charged thousands of dollars for legal and other costs to recover their identity after a theft. This insurance helps cover that.
Atlanta home insurance discounts
You can lower your premium rate by taking advantage of discounts. Many insurers offer discounts, and they are very easy to get. These are the most popular discounts that you might be eligible for:
- Bundling: Some insurers offer discounts for multiple policies. It could be home and car, life and home or any other combination.
- Loss-free discount
- Green home: Insurance companies are now offering discounts to homeowners who use green construction methods when building a home.
- Protective devices: You may be eligible for a discount if you have smoke detectors, burglar alarms, or sprinkler systems.
You should also review your policy every year in case you qualify for discounts.
Questions frequently asked
Which is the best company for home insurance?
In the Atlanta area, there are many top insurance companies that offer excellent policies. Ask for quotes from several top options so you can compare the prices and get the best customer service.
What is the cost of Atlanta home insurance?
For a $250,000 home, the average annual cost of insurance in Atlanta is $1380. You will have to adjust your policy to reflect your home’s age, location, credit score, and condition.
What amount of Atlanta home insurance do you need?
Home insurance should be sufficient to cover the cost of rebuilding your home in case of a natural disaster. This amount could be higher than the home’s actual market value. An agent from your insurance company can help you decide how much property you should insure.
