A common occurrence is people wondering how they can shave as much off their Georgia car insurance premiums as possible and still meet their state's insurance requirements. Georgia has its own set of automobile insurance laws and requirements, just like every other state in the country. Knowing exactly what your state requires you to do helps to enable you to find both cheap and effective insurance.
The absolute most important thing to remember is to find what you need, instead of tacking on useless features that are irrelevant to your vehicle or area. For example, getting high theft insurance in an area with few auto thefts may not be the best course of action for your pocketbook. The next most important thing is to shop around! Get quotes and statistics from every insurance company in your state and make sure their programs are what you need and their car insurance discounts are ones you can qualify for.
Georgia's requirements for insurance are at least $25,000 per person for injuries you cause, $50,000 per accident for bodily injuries, and $25,000 per accident for any property damage.- simply put in insurance claim terms, 25/50/25. Additionally, if you are stopped by a law enforcement officer you must present proof of insurance, which is given out when you sign your contract with your company.
Lowering your premiums seems like a daunting task, and sometimes simple bad luck can prevent it from occurring. It is a smart idea to check your auto insurance policy to see what can increase or decrease your premiums. The most effective way to do this is to add or remove features. Most companies have options and many separate classifications of insurance to cover different situations. Examples are liability, comprehensive, and even young driver coverage.
There are many money saving discounts that can be granted just by default. Low mileage, safe driving, good grades in school, and being a senior citizen are all different ways to push down a potentially staggering insurance bill
Another point to consider is the financial stability of companies you have short listed. Obviously, you may do not want to get insurance from a company that may dissolve due to internal problems. Moody's and A.M. Best are both reputable sources for this information. Also check up on how many claims were filed with the company you are researching, and how many were resolved, because some companies can potentially haggle their way out of a claim due to technicalities.
Choosing a Georgia car insurance company is likely the most difficult part of any of this due to the nearly overwhelming amount of factors that affect your acceptability and eligibility. Things like your past history of driving, credit reports and simply what kind of car you drive all have an effect on your eligibility. Georgia, like all states, has ways to erase small driving citations, such as taking classes or defensive driving courses, which help your standing with insurance companies. And even if you can't get a company to accept you, the state itself offers a sort of fallback insurance for special situations. Explore your options thoroughly.