If you're looking for a car insurance policy in Funston, GA, you need to know some facts about the area. Find out the median income and age of residents in this community, and check out the minimum liability limits and coverage limits. These factors will help you get the best deal on car insurance in Funston, GA.
Funston GA car insurance median age
The median age in Funston, GA is 33.3 years. The median income for Funston, GA is $33,750. This is below the national median of $64,376. The median household income in Funston, GA is N/A, which is also less than the national average. As for ethnicity, the majority of Funston, GA residents are White (Non-Hispanic) (72.7%), followed by Black or African American (11%) and Other (1.84%).
The median property value in Funston, GA is $75,000, which is slightly less than the national median of $77,900. The homeownership rate in Funston is 78%, which is above the national average of 64.4%. The median commute time in Funston is 23.1 minutes. In addition, a majority of people commute alone to work. Another interesting fact: Funston residents own more cars than the national average.
Funston, GA residents use a variety of transportation modes, but they are predominantly automobile owners. Funston's car ownership demographics are dominated by those with three or more cars. Among all car ownership groups, false cars make up the most significant share of Funston's population. In terms of health coverage, 75.5% are covered by employer or government plans, while 11.1% of the population has individual or non-group coverage.
While car insurance costs vary between different cities, they are typically higher for young drivers than for older ones. Drivers between the ages of 16 and 40 typically pay $5,022 annually, whereas those between 50 and 59 pay $1,638. Young drivers may qualify for lower rates if they are added to a parent's policy.
Age is one of the most significant factors in auto insurance rates. Young drivers, for example, are nearly three times more likely to be involved in an accident than drivers aged 20 and older. Therefore, car insurance for young people is generally high, as they are inexperienced behind the wheel and are more likely to get into accidents.
While age is a big factor in car insurance costs, the choice of vehicle has an even larger effect on insurance costs. For example, if you decide to drive a Tesla, you could end up paying 70% more than your co-workers who drive a Honda. In addition, car safety ratings and the average cost of repairs are also factors.
Funston GA car insurance median income
The median income in Funston, GA is $51,276. This figure is higher than the national average, which is $53,690. The median home value in Funston, GA is $75,000, and the homeownership rate is 78%. Funston, GA has a high car ownership rate, with 3.2 cars per household.
Funston has a population of 597. Most residents are US citizens, with 97.5% being foreign-born. The median age in Funston, GA is 33.3 years old. While the city has an average income, the median age is lower than the state average. Funston, GA has a relatively high percentage of foreign-born residents. In addition to foreign-born residents, a majority of Funston's residents are White (Non-Hispanic) with only a few African American residents.
Drivers with a bad driving record pay more for car insurance than drivers with good credit. This is because they are considered to be a greater risk by insurers. For example, a driver with a speeding ticket in Georgia will pay $472 more per year than a driver with no traffic violations or a clean driving record. Other high-risk behaviors, such as traffic accidents, DUIs, and severe violations will increase the rate by more than $1,300 per year. In addition to driving history, car insurance companies will look at the credit score of the driver.
Another factor that affects car insurance premiums is gender. Insurers view younger drivers as a higher risk than older drivers. For example, a sixteen-year-old driver will pay $6,277 in auto insurance compared to a 50-59-year-old driver. A woman's car insurance policy can cost as much as $1,184 more if she had two accidents.
Those who are married to a partner will save the most on car insurance. A spouse can save $117 annually versus a single person on average. While divorced motorists pay more, their car insurance will be the 22nd most expensive in the country. While divorced drivers may not qualify for the best rates, a spouse can enjoy lower car insurance rates in Georgia.
While these are all important factors, another factor that affects car insurance rates is income. People who make higher incomes tend to drive more expensive cars than drivers with lower incomes. These higher-end cars are more likely to be in an accident, which means they will pay higher premiums than drivers with lower incomes.
Funston GA car insurance minimum coverage limits
Georgia car insurance requires a certain minimum amount of coverage. For example, drivers in this state must have bodily injury liability insurance coverage of at least $25,000 per person and $50,000 per accident. Additionally, they must have insurance that covers property damage. These minimums are set by law, and drivers are subject to penalties if they don't have them. Liability insurance is also known as proof of financial responsibility, and it is mandatory that the driver keep a copy of the policy in his or her car at all times.
While minimum coverage limits in Georgia are required by law, they may not be enough to protect you in the event of an accident. In addition, these limits may run out quickly, particularly in an accident involving a large number of people. This is why many drivers opt to have more coverage, like collision and comprehensive insurance.
In addition, drivers must understand the penalties associated with not having car insurance. The state of Georgia has a law that makes it illegal to drive without insurance. If you are pulled over by police, your insurance ID may not be enough. Officers and officials may be able to match the information you provide with the state's GEICS database to verify your insurance status.
If you're worried about paying too much for car insurance in Funston, you can consider using a pay-as-you-drive insurance policy. This type of insurance works by paying a premium based on actual mileage driven. However, pay-as-you-drive insurance policies may interfere with your state's laws. The minimum amount of coverage required by Georgia law is a liability policy. Whether or not you need more coverage depends on your age and gender, so it is important to get the best possible coverage for your needs.
Collision insurance pays for repair costs in the event of an accident. While it has no dollar limit, it will pay up to the value of your car if you get into an accident. Collision insurance also requires a deductible, which differs from insurer to insurer. The deductible amount can be anywhere from fifty dollars to $2,000, depending on the insurer.
Funston GA car insurance minimum liability limits
Georgia has a minimum car insurance requirement for drivers, and you'll need to make sure you have enough coverage to protect you and other drivers. The minimum liability limit is $25,000 per person and $50,000 per accident. While these amounts are adequate, you may want to carry higher limits to protect yourself against larger claims.
In addition to the minimum liability limit, you'll need to carry collision and comprehensive coverage as well. These two types of coverage help cover property damage and the costs of repairing your car after an accident. Both of these policies have a deductible. You can also choose to purchase uninsured motorists insurance, which provides protection for you in the event you hit someone without insurance.
You can also opt for pay-as-you-drive insurance, which is a great option for saving money. The only downfall of this type of insurance is that it's illegal in some states, but it is allowed in Georgia. The age and gender of a driver also affects the car insurance rate.
While Georgia's minimum liability limits can be very helpful, they don't always protect the victims of a crash. If you're not carrying enough coverage, you could be held liable for millions of dollars. Even a "mild" injury can require months of physical therapy, pain medications, and even surgery.
You should also consider purchasing property damage coverage, which can cover up to $25,000 per accident. This coverage will pay for the cost of repairs if you're at fault for an accident. Damages to the other driver's car may also include the cost of a rental car. In addition, you can also get higher limits for damage to buildings nearby the scene of the accident.