Coming off a career-high 30 points, Josh Richardson was held to two points as he missed his first 11 attempts from the floor and finished 1-of-13.
Tennessee battled right to end, but was unable to overcoming its tough-shooting game.
Richardson had a chance to tie the game in the final seconds, but his 3-pointer bounced off leading to a mad scramble as time expired.
After trailing by as many as nine, the Vols cut their deficit to three points with 1:47 left in the game on a tip-in by Hubbs, making it 53-50. After a dunk by Djurisic to make it 55-50.
Richardson finally got on the scoreboard with a driving layup with 30 seconds left, to cut the Vols' deficit to one possession again at 55-52.
Frazier made 1-of-2 free throws with 19 seconds left to regain a two-possession lead for the Bulldogs, at 56-52.
With 7.4 seconds left, Punter made the first of two free throws and missed the second on purpose, leading to a Tennessee offensive rebound by Derek Reese. Reese fed Richardson for the triple attempt from straight away, but it bounced off.
Frazier back-to-back 3-pointers midway through the half to push the Bulldogs' lead to 45-36 with 9:36 left in the half.
Moore came out on fire in the second half, scoring the Vols' first seven points of the half before Hubbs tied the game at 31 with 15:45 left in the game
The Vols trailed 29-22 at halftime. The Bulldogs took their largest lead of the half heading to intermission scoring the final five points of the first half. Djurisic canned a 3-pointer and Thornton made a pair of free thaws in the final minutes to push the margin to seven in favor of the Bulldogs.
Georgia shot 61.1 percent from the floor in the first half (11-of-19). The Vols made only 9-of-28 for 32.1 percent. Richardson missed all five of his first half attempts and was held without a point in the first 20 minutes for the first time all season.
The Vols came out strong taking an 8-1 lead on a monster dunk by Willie Carmichael less than three minutes in. The Vols forced Georgia into six turnovers in the first seven minutes of action.