SOURCE: InsWeb Corporation

InsWeb Corporation

November 18, 2010 07:35 ET

InsWeb: Georgia Median Auto Insurance Rate Now $790 per Household

SACRAMENTO, CA--(Marketwire - November 18, 2010) -  The median six-month auto insurance rate in Georgia has increased approximately 2.2 percent over the last six months to reach $790 according to InsWeb (NASDAQ: INSW), a leading online insurance comparison provider.

InsWeb also reported Georgia median auto insurance rates segmented by specific demographic groups. These include:

Demographic Group Median Six-Month Rate
Men $802
Women $775
Age Group: 19 and younger $3,012
Age Group: 20 to 24 $1,189
Age Group: 25 to 29 $890
Age Group: 30 to 39 $773
Age Group: 40 to 49 $817
Age Group: 50 to 59 $715
Age Group: 60 to 74 $702
Age Group: 75 and older $744

Georgia rate statistics:

  • A Georgia household that pays the six-month median rate of $790 and earns the Georgia household median annual income of $51,744 pays approximately 3.1 percent of its gross income for car insurance. According to InsWeb's car insurance affordability index, Georgia is the 26th most affordable state in which to insure a vehicle. Currently, Vermont is the most affordable state with an affordability factor of 1.6 percent, while Louisiana is the most expensive with a factor of 6.7 percent.

  • Men in Georgia pay a median auto insurance rate that is approximately 3.5 percent higher than the rate paid by women.

  • Drivers in Georgia 19 years of age and younger pay a median auto insurance rate that is more than three times the rates paid by every other age segment except those ages 20 to 24.

Georgia drivers who want to learn more about saving on their auto insurance and compare insurance quotes from leading national providers can visit InsWeb.com.

About InsWeb
InsWeb Corporation (NASDAQ: INSW) owns and operates a network of leading insurance marketplace and education websites. Founded in 1995 and headquartered in Sacramento, California, InsWeb's primary properties include InsWeb.com, InsuranceRates.com, LocalInsuranceAgents.com, and AgentInsider.com. InsWeb has invented multiple e-commerce and online insurance distribution technologies and owns the following patents: 6,898,597; 7,107,325; 7,389,246; 7,640,176 and 7,707,505. In 2009, more than 10 million consumers turned to InsWeb for answers to their insurance questions.

About InsWeb's Median Rate Data
To determine median car insurance rates, InsWeb uses a proprietary system that tracks the rates of multiple insurance carriers in each state. Rates are based on actual customer profiles that can include multiple drivers, multiple vehicles and other variables.

For more information, please contact InsWeb.

Contact Information

  • Media Contact:
    Jonathon D. Tudor
    InsWeb Corporation
    (916) 853-3386
    Email Contact