In an annual national survey, Georgia had the third highest auto insurance rates in the nation. Tennessee ranked 28th. According to statistics from Insure.com, Georgians paid $2,201 for auto insurance in 2014. However, Tennessee natives only paid $1,397 for car insurance premiums. That is a $804 difference per year.
Why are car insurance premiums on the rise in Georgia? According to the survey from Insure.com, many Georgian drivers are uninsured, which leads to more lawsuits and that drives up the prices. Carinsurance.com said that the rates jumped 50 percent in the Chattanooga area between the border of Georgia and Tennessee. The website recommends people shop around to receive the best rates. Numerous factors must be considered to make blanket statements about Tennessee and Georgia car insurance.
Ralph T. Hudgens, Georgia insurance commissioner operates in an elected position. Ralph ran unopposed in Georgia's May 20th primary against Elizabeth Johnson. However, neither candidate has addressed the topic of Georgia insurance rates.
In terms of states that ranked poorly, Michigan ranked the first worst in the nation at $2,551 while West Virginia followed in second at $2,518. Georgia ranked third with $2,201.
What are these statistics based on? The rates are based on full coverage for a 40-year-old, single male who has a clean driving record. In a report from InsuranceQuotes.com, adding teenage drivers to a married couple's insurance led to a 79 percent increase in the average annual premium. Teenage males paid approximately 92 percent more than teenage females.
Despite these statistics, not everyone has been convinced that Georgia pays more than Tennessee. Price gets set based on territories rather than states, and Atlanta, which is the ninth largest metro in the United States, will have higher rates than Nashville, the 36th largest metro in the nation.
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Times Free Press
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