Low Income Car Insurance Georgia

Car Insurance for Low-Income Drivers in Georgia

Your age and credit score determine your Georgia car insurance rates, but not how much money you make.

Getting insurance that meets the state's minimum standards might be cheaper, but that kind of insurance protects you the least. State Farm and Country Financial are the best insurance companies in Georgia for low-income drivers because their rates are the cheapest. Way.com also looked at the state's cheapest insurance plans for people of all ages and families with low incomes.

Cheapest Georgia Car Insurance Companies for Low-Income Families

The cost of your car insurance is based on your credit score rather than your pay. According to Way, a single parent in Georgia with bad credit pays $2073 more yearly for insurance than a single parent with good credit. It costs $2757 more yearly for families with a single teen to have car insurance than for families with good credit.

USAA may be a good option for retired Georgians or those currently serving in the military. The cheapest car insurance company in the state is USAA. For a family with a teen driver and bad credit, the average yearly quote from USAA is $3957.

The only people who can buy USAA insurance are former or active military members and their families. That's why they weren't on our list.

Remember that having bad credit does not always mean having a low income. You can use the table below to find the best deals on Georgia car insurance for low-income families.

Single Parent with a Kid (Good Credit Score)

Couple with a Kid (Good Credit Score)

Single Parent with a Kid (Poor Credit Score)

Couple with a Kid (Good Credit Score)

Cheapest Georgia Car Insurance Companies for Low-Income Individuals

Someone with bad credit and low income can pay up to $633 more a year for car insurance in Georgia than It's only sometimes true that someone with low income also has bad credit. How much your insurance costs may depend on your credit score.

Good Credit Score

Poor Credit Score

Cheapest Arizona Car Insurance Companies for Low-Income Students

Young student drivers in Georgia pay more for car insurance because they have less experience. Students are automatically thought of as having low incomes. Car insurance can take up a big chunk of a family's budget, even if the low income of students doesn't cause rates to go up.

At an average of $1341 a year, USAA has the cheapest car insurance rates in the state.

However, they were included in our rankings because they only cover service members.Even if you make little money, you still have good credit.

Good Credit Score

Cheapest Georgia Car Insurance Companies for Low-Income Seniors

If you are over 65 in Georgia, your car insurance will cost a little more. Also, older drivers with bad credit must pay more for car insurance. For a 70-year-old driver in Georgia, the difference in insurance rates between people with bad and good credit is about $702 a year.

USAA has the cheapest car insurance in Georgia for older citizens with bad credit. It costs an average of $1044 a year. USAA, on the other hand, was left out because its car insurance is only available to military families.

It's only sometimes true that someone with low income also has bad credit. A good credit score makes a big difference in how much insurance costs.

Good Credit Score

Poor Credit Score

Does Income Influence Georgia Car Insurance Rates?

Most of the time, insurance companies need to consider your income when they figure out how much to charge for your car insurance. However, your rates may be affected by things that have to do with your income.

For instance, younger drivers have higher insurance prices because of how likely they will have an accident. They may also make less money since they are still new to their jobs. Most of the time, low-income people make more claims because they can't pay for repairs themselves—people who have previously filed claims pay more.

Way looked into the link between low wages and high insurance costs in Georgia.

The most important things in the state affect insurance rates:

• Adding a teenage driver to the rules.
• Age of the Driver
• Levels of coverage

Besides these things, your car type and credit score can also affect how much your insurance costs.

Is There Low-Income Car Insurance in Georgia for Families and Individuals?

Georgia has no scheme to help low-income families and individuals to get car insurance. Even though all states require drivers to have insurance, some may choose not to buy it because it costs so much. 12.4% of cars in Georgia don't have insurance, which is a pretty big number.

A state basic coverage policy is the best choice if you don't have a limited amount. Pay-per-mile insurance is another cheap choice for low-income drivers who rarely drive.