Saturday, December 16

All About Georgia Auto Insurance

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Georgia is home to 9,829,211 residents. Nearly 60 percent of all Georgia residents has a drivers license. With more than 5,757,953 drivers on the road, Georgia has the 10th highest number of licensed drivers in the U.S. In order to protect yourself from the millions of drivers on Georgia roads, you should purchase an auto insurance policy with an ample amount of coverage.

Sure, Georgia has its minimum mandatory requirements, but bare minimum auto insurance is rarely enough to cover you in the unfortunate event of an accident. Auto insurance companies and the Georgia Department of Insurance recommend carrying higher coverages than the mandatory minimum plus uninsured/underinsured motorist (UM/UIM) overage. The state requires minimum liability coverage of 25/50/25 which is equal to $25,000 per person for bodily injury $50,000 per accident for bodily injury to two or more people, and $25,000 per accident for property damage.

UM/UIM is recommended for several reasons. For starters, 12 percent of the drivers on Georgia roads do not have auto insurance. In addition, millions of drivers do not carry enough auto insurance. The Georgia Department of Insurance and auto insurance companies recommend carrying UM/UIM coverage in the amount of $50,000, at the very minimum.

If you carry the minimum amount of auto insurance required by law, this will at least keep you from license suspension and racking up fines. However, if you are found to be at fault for an accident and your auto insurance policy does not cover all of the damages, you will be forced to cover the balance out of pocket. Keep in mind that Georgia follows a tort system. A tort system holds at-fault driver and their insurance company liable for all damages that result from an accident.

Driving without auto insurance and allowing your auto insurance to lapse carry the same penalties in the state of Georgia. If you get caught driving without insurance, you will have to pay a $25 fee along with a $60 license reinstatement fee. Multiple offenses carry fines of $100 or more and license and registration suspension. If you get caught driving with a suspended registration, you will be charged with a misdemeanor.

Fortunately, obtaining auto insurance in the state of Georgia is easy and fairly inexpensive. Georgia residents pay the 22nd highest amount in the U.S. for auto insurance. In 2006, the average Georgia resident paid approximately $788 for auto insurance. At the time, the national average was $817. 

To learn more about Georgia auto insurance, including the laws and requirements, visit Georgia auto insurance tipsThe Georgia Department of Insurance is also an excellent resource.

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