Auburn, GA Home Insurance Quotes!
Auburn is a great city to live and raise a family. It is packed with small town charm and yet close enough to Atlanta that big city conveniences are just a short drive away. Auburn, which was named for the red clay that is common in the area, has plenty of fun activities for every member of the family.
Auburn is packed with shopping, restaurants and fun activities. Regardless of whether you are looking for a family friendly restaurant or night out on the town at an upscale eatery, Auburn has you covered.
If you are considering making Auburn your home, here are a few facts about our beautiful city.
Auburn Georgia Facts
Auburn has a population of 6,887 residents that make up roughly 1,792 family households. The average household has 4 people living in it and the average household income is an impressive $50,955. Homes are extremely affordable in Auburn with the average house price coming in at $105,700.
Homeowners Insurance in Auburn
Homeowners in Auburn are paying slightly less than the national average for homeowners insurance. Georgia ranks 22nd in the country when it comes to the cost of homeowners insurance with an average premium of $1,044 while the national average is $1,096.Homeowners insurance comes in a variety of flavors and knowing which type you need is key to making sure you are fully covered in the event of a disaster. Here is a quick rundown of a few of the different types of policies available in Auburn:
- HO-3: This is the standard homeowner policy that most people carry. It protects against all perils, except those specifically excluded by the policy. Exclusions vary by policy but all HO-3 policies exclude earthquake and flood damage.
- H0-6: If you live in a condo or co-op this is the policy type that you should be carrying. A HO-6 policy offers protection for both your personal belongings and the structural part of the building that you own such as the walls of your apartment or condo. An HO-6 is a listed peril policy type so it will cover the 16 perils that are listed on the policy.
- HO-4: If you haven’t made the leap to homeownership yet, a HO-4 is for you. Renters need protection for their personal items as well as liability protection in the event someone is injured in their apartment. Renters insurance is very affordable and provides great protection.
While premiums in Auburn are a bit lower than other states, getting a better rate is always a bonus. There are a number of ways to drive your premium down:
- Shop your coverage: There is no better way to lower your premium than to shop your coverage. Georiga home insurance quotes can vary dramatically between insurers so shopping your policy on a yearly basis will often result in a better price.
- Update Your Home: Adding a monitored security and smoke detector system will usually result in a better rate. If you live in a hurricane or tornado prone area, adding storm shutters or a wind resistant roof lowers your risk of a claim and insurers will reward that with a lower premium.
- Discounts: Insurers offer dozens of discounts so make sure you are getting every available discount. Ask your insurer to verify that you are getting all available discounts.
- Bundling Your Coverage: If you use the same insurer for your home, auto and life insurance you can expect a discount in the 20-25 percent range.
Factors to Consider in Auburn
There are a number of factors that will push up insurance rates in Georgia and Auburn is not immune to some of them.Severe weather is not uncommon in Georgia and we have seen our fair share of tornados and thunderstorms. Frequent storms will push up rates for everyone in the area as insurers are concerned about the added risk.
It is important to remember that flood damage is not covered by a standard homeowners policy and if you live in an area that is in a high-risk flood area a separate flood insurance policy is a necessity.
The cost of flood insurance will vary by area but the National Flood Insurance Program sets rates so there is no need to shop around for the best price.
If you are moving to the Auburn area and need a new homeowners policy or are just shopping around for a better rate, we can help. It doesn’t matter if you are looking for a standard HO-3 policy or something more comprehensive like a HO-5 policy, our national insurance partners can help you find the best policy at an affordable price.
Visit our online quoting application today and let us help you shop and compare up to 12 different rates and coverage options.
Compare Homeowners Insurance Rates in Auburn, GA!
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Our Quoting Service in Auburn
We have been working with the top rated ("A+" A.M.) Georgia home insurance carriers for years and we can help you find the best coverage at an affordable price for your home in Auburn, GA.
It’s important when shopping for insurance to work with carriers that are dependable and financially secure. Our top-rated carriers include Liberty Mutual, Safeco Insurance, Tower Hill, ShoreOne, Kind Group Underwriting, AIG, Chubb, Travelers, National General, Heritage Insurance and the Georgia Underwriting Association
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Average Rates Nearby Auburn
Are you looking for homeowners insurance in a city near Auburn? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!
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Home Insurance Rates by Zipcode in Auburn, GA
Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Auburn.
Auburn, GA Home Insurance Average Premiums
$846 /yr.
For the city of Auburn, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.
| Coverage Amount: | Annual Premium |
|---|---|
| 1800 sq. ft. or below (discounts applied) | $846 /yr. |
| Average Coverage: | $1096 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $1396 /yr. |
What is the average home insurance cost for a home in Auburn, GA?
- • The average homeowners insurance premium paid annually for a home in Auburn is around $1096 per year.
What does it cost on average per month for home insurance in Auburn, GA?
- • Homeowners in Auburn pay an average cost per month around $91.00 for insurance coverage.
Auburn, GA - 2023 Housing Information
| Month | Current Home Value (2023) | Last Year Home Value (2022) |
|---|---|---|
| January | $324,378 | $294,384 |
| February | $322,165 | $302,036 |
| March | $321,384 | $310,247 |
| April | $321,020 | $317,820 |
Homeowners insurance will help cover the cost to repair or replace your Auburn home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:
- Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Auburn
- Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
- Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
- Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
- Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.
Get up to 12 competitive Auburn, GA homeowners insurance rates all in one place! |
Saving Money Tips on Auburn Home Insurance
A great way to save money on Auburn homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:
- Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
- Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
- Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
- Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.
Are you shopping for the best rate near or wihin the Auburn area? Check out what homeowners are paying on average for Georgia homeowners insurance.
Elevation Review for Coastal Wind or Flooding Risk
| Elevation | Details | Homeowners Tips |
|---|---|---|
| 1000 ft. | This is the average home elevation in Auburn, GA | Did you know that the elevation in which your home resides is crucial to a home insurance policy because it determines the risk factor related to your home being in a flood zone. It is important to understand that your home is not covered for floods under a standard homeowners policy. You will need to speak with a local Georgia flood insurance agent about a flood insurance policy, please give us a call now at 888-620-1954. |
To get online quotes on your home and compare rates on home insurance premiums in Auburn, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Barrow County.
Georgia Homeowners Insurance News & Information
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Homeowners Prepare for Rate Increases Later This Year Posted on Monday 27th June, 2022
In most states, home insurance rates are headed up this year and homeowners should be prepared for further rate increases before the end of the year. According to a recent S&P Global Market Intelligence report, over 177 insurance carriers have filed requests for rate increases in 43 states, Arizona alone has seen 34 rate increase requests. […]
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Hurricane Isaias is on the same track as Hurricane Dorian – What can we expect? Posted on Wednesday 5th August, 2020
Hurricane Isaias is on roughly the same track as Hurricane Dorian and is the first hurricane to hit the Bahamas since Dorian stalled over the islands as a Category 5 monster killing dozens of people and causing massive destruction. Here is a quick overview of both storms as well as a few tips on how […]
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Georgia Coastal Home Insurance Coverage & Rates Posted on Wednesday 2nd October, 2019
Windstorm insurance is not a required coverage in Georgia, but if you live on the coast, it is certainly an insurance you should consider. In many coastal areas your mortgage lender will require that you carry a windstorm policy to make sure your home (and their investment) is full protected. Windstorm policies are designed to […]
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Coastal Homeowners in Denial: FEMA urges homeowners to buy flood insurance Posted on Monday 23rd September, 2019
Congress is getting ready to send President Donald Trump the thirteenth 60-day extension of the National Flood Insurance Program (NFIP) as the current one expires at the end of September. The NFIP has been in serious financial trouble for years but Congress has been unable to agree on how to fix the ailing program. The […]
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Thousands of Homeowners in the path of Hurricane Dorian Cancelled Their Flood Insurance Posted on Wednesday 11th September, 2019
According to a recent analysis by E&E News of government data, tens of thousands of homeowners who were in the path of Hurricane Dorian dropped their flood insurance in recent years. The analysis found that both homeowners and owners of commercial buildings have been giving up their flood insurance policies despite the fact that their […]
Auburn, GA Dwelling Coverage Estimate
It is important to calculate your dwelling coverage for your home in Auburn so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.
Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.
What is the average replacement cost coverage in Auburn, GA?
- The average square footage in Auburn is around 1,328 Sq. Ft. which would cost you around $162,000 to replace the home if you base the home on the price to build per square foot of $122.
Minimum Replacement Cost Total: $162,000
Location: Auburn, Georgia (Barrow County)
Average Building Cost Per Square Foot in Auburn: $122 (low end)
Average Square Footage in Auburn: 1,328 Sq. Ft.
| Home Improvement Status | Price per Sq. Ft. | Dwelling Coverage |
|---|---|---|
| None or Very Minor Improvements | $122 | $162,000 |
| Some Additional Upgrades | $153 | $202,500 |
| Major Home Updates or Advancements | $183 | $243,000 |
The dwelling coverage is calculated by the average cost per square foot ($122) in Auburn, Georgia times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $381,250 (Media price to build of $153 x 2500 sq. ft.) to cover the cost to rebuild your new home.
What is the difference between actual cash value and replacement cost value?
Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:
Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.
Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.