HomeInsuranceQts

Home Insurance in Georgia

The median home value in Georgia is $303,300.

The typical home in Georgia was built around 1992. About 12% of homes were built before 1960. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.

Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Georgia is 71% single-family homes, 16% apartments in buildings with 5+ units and 8% mobile or manufactured homes.

In Georgia, about 63% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.

The vacancy rate is 10%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 66% of occupied homes in Georgia are owner-occupied.

57% of homes in Georgia are primarily heated with electricity.

The statewide average premium for a standard HO-3 homeowners policy in Georgia is $1,828 per year, according to the NAIC homeowners insurance report (2023 data).

Key figures

Median home value$303,300
Median year built1992
Owner-occupied share66%
Share of owner-occupied homes with a mortgage63%
Home insurance premium$1,828 - statewide average (NAIC, 2023 data)

Counties

Sources