Georgia Homeowners Pay Mid-Range Insurance Costs — But Storm Risks Could Change That

Georgia homeowners face mid-level homeowners insurance premiums in the nation compared with both nearby Southern states and the rest of the country.

While not as steep as the bills in Florida or Louisiana, insurance costs in Georgia are higher than those in states farther inland.

Newly released data from the U.S. Census Bureau and the Realtor.com® 2025 Climate Risk Report show how Georgia fits into the broader picture of affordability and climate risk.

Georgia’s Insurance Costs in Context

According to newly released American Community Survey (ACS) data from the U.S. Census Bureau, Georgia homeowners with a mortgage typically pay $1,500–$1,999 annually for homeowners insurance, while those without a mortgage average $1,000–$1,499. Overall statewide costs also fall in the $1,000–$1,499 range.

Georgia has 2,798,409 insured homeowner households in total—1,755,812 with a mortgage and 1,042,597 without. Among mortgaged owners, 151,399 pay less than $100 annually and 116,064 pay $4,000 or more. Among those without a mortgage, 232,566 pay less than $100 and 49,069 pay $4,000 or more.

When compared with nearby states, Georgia lands in the middle. Florida homeowners with a mortgage pay significantly more—$2,000–$2,499 annually, with many paying over $4,000. South Carolina and North Carolina, on the other hand, are more affordable, with mortgaged households typically paying $1,000–$1,499. Alabama is also lower, with most homeowners paying between $1,500–$1,999 with a mortgage and $1,000–$1,499 without. This places Georgia above some of its inland neighbors but still well below Florida, where costs have become a defining affordability barrier.

Climate Risks and Rising Pressures

The Realtor.com 2025 Climate Risk Report shows that Georgia has not yet seen the extreme insurance burdens concentrated in Florida and Louisiana, where premiums can consume more than 3% of a home’s market value. Miami leads the nation with average premiums of $22,718 annually, followed by New Orleans and Cape Coral.

Georgia does not appear in the list of metros with the highest flood or hurricane exposures. However, as a coastal state, its insurance market is still vulnerable to storms and flooding along the Atlantic.

For instance, Hurricane Helene caused more than $2.5 billion in property damage in Georgia and many homeowners are still rebuilding. 

In this sense, Georgia sits at an inflection point—less vulnerable than Florida but more exposed than states farther inland.

A National Affordability Struggle

Georgia’s mid-range costs come at a time when insurance affordability is under intense national scrutiny. The Realtor.com 2025 Insurance Affordability Report found that 75% of Americans believe homeowners insurance could soon become unaffordable, and nearly half of respondents said they had already faced difficulties obtaining or renewing coverage.

These rising costs are influencing how and where people buy homes. Nearly 30% of homebuyers said they had changed the geographic area of their search due to insurance concerns, while nearly a quarter said they had completely overhauled their buying strategy. Even more concerning, 58% of homeowners said they would consider dropping coverage altogether if premiums became too high, with Gen Z buyers the most likely to go uninsured.

For Georgia homeowners, current premiums provide some relief compared with the most expensive states in the South. But with climate risks intensifying along the Atlantic and Gulf coasts, affordability pressures could become more pronounced in the years ahead.

This article was produced with editorial input from Dina Sartore-Bodo, Gabriella Iannetta, and Allaire Conte.