The oldest city in Georgia, Savannah was named after the Savannah River in 1733. Today, Savannah is the fifth-largest city in the Peach State, with around 150,000 people. Full of Southern charm and colonial history, the enchanting city offers plenty of art, period architecture, and trendy boutiques. Located on the East Coast, it offers an escape to an almost tropical climate with long summers and short, mild winters. For those who prefer larger cities, it is still less than a four-hour drive to Atlanta, the state’s capital and home of Hartsfield-Jackson Atlanta International Airport, which is a major hub and connection to global cities.
It’s no wonder why the population is on the rise in this vibrant Southern city. On average, Georgia’s home policies are less expensive compared to other places in the United States. With a lower cost of living and the perks of a semi-coastal city, in addition to more prospects for job-seekers, Savannah is a fantastic option for new homeowners or people looking for a change. There is a major student population, with students enjoying the city’s culture and opportunities post-graduation. It is more than a college town, though, with many administrative workers contributing to the local economy.
If you’re looking for your first homeowners policy or searching for savings, Insurify‘s comparison tools make your home insurance search quick and easy. Compare home insurance quotes in Savannah to find great coverage options that fit your needs.
Overpaying for Savannah home insurance?
How to Find Cheap Home Insurance in Savannah
Buying a home may be one of the largest financial investments of your lifetime. With investment, inevitably, comes risk. However, there are steps homeowners can take to minimize risk and protect their investment.
The first step to protecting your property is purchasing homeowners insurance through an insurance company. Though not required by law, home insurance provides financial liability for your property and personal belongings from property damage, natural disasters, and theft. Different coverage levels are available and will vary for different property types, your area, the amount of your deductible, and other factors.
Coverage levels exist for every corner of the United States, and the cost of homeowners insurance can differ depending on the type of home, your insurance needs, the ZIP code, and more.
Keep reading for a full guide on Savannah home insurance.
MORE ON GEORGIA HOME INSURANCE
For general information on Georgia home insurance, check out to our guides to the best homeowners insurance in Georgia. For more city-specific information, here’s our guide to the best homeowners insurance in Atlanta.
Cheapest Home Insurance in Savannah by Company
Homeowners insurance rates aren’t always designed with savings in mind. That’s where Insurify comes in.
As of 2021, the average home insurance premium in Savannah costs $2,673 annually, and the median home value is $196,051. Georgia ranks as the 18th most expensive premium in the United States.
While the premium is right around the national average, Savannah’s housing expenses are 33 percent lower than average, with the cost of living a bit more affordable than other cities in the United States. Transportation expenses, like bus fares and gas prices, tend to be a little lower as well, although utility prices tend to run a bit higher. These are considerable pros for living in a larger, medium-sized city on the East Coast.
|Average Home Cost in Savannah||Average Annual Insurance Premium in Savannah|
Cheapest ZIP Codes in Savannah for Home Insurance
When searching for your Savannah home, you may have noticed that housing costs can vary depending on which neighborhood you’re looking to live in. The same applies to property insurance and car insurance rates. If you’re living in Bloomingdale, you can expect to pay lower premiums than homeowners in the Savannah Historic or Victorian District.
Like property costs, home insurance varies in price from city to city. Pricing is determined by ZIP code–specific variables, such as the volume of claims filed nearby, crime rates, and property costs, and risk variables, such as natural disaster frequency. Even your specific neighborhood may determine if you pay more or less on your annual premiums.
Home insurance rates are based on your ZIP code, so if your neighborhood has higher crime rates or is at higher risk for natural disasters, you’ll be left paying higher premiums. Even your neighborhood’s home values and the number of insurance claims filed nearby can affect the cost of your individual homeowners policy. We recommend contacting an insurance agent or using Insurify to look up the best homeowners insurance companies that fit what you’re looking for.
Rates in Savannah can be relatively high or low compared to the national average; it all depends on which area you live in. Here are the most and least expensive ZIP codes in Savannah for home insurance.
|Most Expensive Real Estate in Savannah||Cheapest Real Estate in Savannah|
|Thomas Square||$296,591||Sunset Park||$114,500|
|Windsor Forest||$199,533||Victory Heights||$157,629|
Home value data from zillow.com
Score savings on car insurance with Insurify
Home Insurance Coverage Types in Savannah
There are several types of home insurance. Specific terms of insurance policies may vary by city, but in general, the standard policy types are as follows:
|HO-7Mobile Home Form||
Protecting Your Home from Tornado Damage
While Georgia typically experiences warm weather throughout the year, Savannah has a mild and enjoyable, almost tropical, climate due to its proximity to the Atlantic. It is important to note, though, that tornadoes may occur in the Peach State. With high winds and potentially heavy rainfall, it may be worth considering getting a policy that provides coverage for tornado damage or looking into flood insurance through the National Flood Insurance Program.
Obtaining extra coverage is one way to protect your home, personal belongings, and other investments from damage caused by natural disasters. On average, Georgia gets hit by around 30 tornadoes per year, but the main cause of disasters is severe storms. Living in zones more prone to natural disasters can raise homeowners insurance rates, but Savannah is not prone to these, so real estate values are relatively affordable compared to more expensive coastal areas in the United States. While these insurance policies may be an additional cost, purchasing one will still help you save money on costly repairs in the long run.
Property Crime Rates in Savannah
Savannah’s property crime rate is lower than the state’s average. The chances of being a victim of property crime are 1 in 44, and it is important to be conscious that these crimes, such as vandalism or burglary, can put you, your home, and your belongings in danger. Purchasing home insurance as a renter or owner can help ease your mind, knowing that you will be compensated for a burglary or any property damage.
If you’re looking to move to the charming Southern city and break into Savannah’s housing market but still have questions, check out the frequently asked questions (FAQ) below!
Frequently Asked Questions - Savannah Homeowners Insurance
How does bundling work with Georgia homeowners insurance?
With bundling, you can combine home insurance and auto insurance to save money with multi-policy discounts from a single insurance provider. Bundling can also include life insurance, renters insurance, and other products. Talk to your insurance agent for more information and deals.
Is Allstate good for Savannah home insurance?
Allstate is a leading home insurance company and has received some of the highest ratings available from J.D. Power. On average, its annual premium for a $250,000 dwelling runs a bit higher than Savannah’s average of around $1,200.
What affects the cost of my policy?
The cost of homeowner insurance will vary, depending on several factors. This can include the value and location of your home, the value of your personal belongings, the insurance products, how much liability coverage you select, and more.
How to Find the Cheapest Home Insurance in Savannah
Savannah’s real estate and home insurance policies are very typical compared to the U.S. average, but it offers a warm climate, Georgian history, and proximity to both the Atlantic coast and the metropolis of Atlanta. You can cut costs and have the best of both beachy vibes and Southern charm by comparing home insurance policies before clicking “buy” on the first policy you’re offered.
Use Insurify to compare free quotes for home insurance premiums for your property in Savannah, Georgia.
Compare Quotes For Free
Compare & Save Today.