Automobile

Best Car Insurance in South Carolina

Table of Contents

  • South Carolina Auto Insurance Costs by Insurer.
  • South Carolina Auto Insurance Premiums by Driver Age.
  • South Carolina Car Insurance Premiums by Gender and Marital Status.
  • Average South Carolina Insurance Rates After a Violation or Accident.
  • South Carolina Auto Insurance Premiums by Credit Tie.
  • Expensive South Carolina Zip Codes.
  • Cheaper South Carolina Zip Codes.
  • List of Insurance Companies in South Carolina.
  • No-Fault Insurance in South Carolina Information.

    To legally drive in South Carolina, you are required to carry the minimum liability coverage. On average, you can expect to pay around $693 to meet these requirements, which is about 5% higher than the national average.

    Failure to maintain the appropriate minimum levels of insurance can result in a fine and suspension of your license until the proper insurance is obtained. Once you are insured, you will have to pay at least $100 to reinstate your license.

    South Carolina Auto Insurance Costs by Insurer

    Many companies sell car insurance in South Carolina, which provides drivers with a good opportunity to shop rates for the best car insurance in South Carolina. Below is a list of the most popular car insurance companies in the state and their average annual premium rates for full coverage.

    • The Hartford: $760.
    • GEICO: $1063.
    • USAA: $1319.
    • Auto-Owners: $1339.
    • Travelers: $1370.
    • Allstate: $1405.
    • Progressive: $1411.
    • State Farm: $1416.
    • Southern Farm Bureau: $1586.
    • National Grange Mutual: $1610.
    • Nationwide: $1774.
    • Safe Auto: $2856.

      South Carolina Auto Insurance Premiums by Driver Age

      As with most states, insurance rates for younger drivers are significantly higher. This is due to a lack of driving experience and a higher prevalence of moving violations and accidents. In South Carolina, teenaged drivers can pay as high as $5200 on average per year. This average significantly drops around the age of 20 to an average of $1800 for full coverage. Drivers aged between 40 and 60 will often see the best rates, with averages around $1200 per year.

      South Carolina Car Insurance Premiums by Gender and Marital Status

      While gender can affect our car insurance rates in South Carolina, the disparity typically evens out around the age of 30. Males will typically pay more than females when they are younger, simply because statistically, younger males have a higher risk of being involved in an accident. Rate disparities can be as high as $300 between a female and male 16-year-old, but by the age of 25, the difference is only around $10.

      Single people will also pay more than married couples, with an average difference of around $125 per year. This is not due to any statistically higher rate of accidents, but more the fact that married couples tend to split the driving duties.

      Average South Carolina Insurance Rates after a Violation or Accident

      According to The Zebra, your car insurance rates are very likely to increase after you have received a moving violation or have been at fault in an accident. The amount of the increase will depend on the moving violation, the total cost of the insurance payout, or any citations given regarding the accidents. Each insurer will have its own specific formula for determining these increases.

      On average, in South Carolina, you can expect to pay 33% more after a DUI, 31 percent more after an at-fault accident, and 16 percent after a speeding ticket.

      South Carolina Auto Insurance Premiums by Credit Tier

      Aside from your driving record, your insurance premiums can be affected by your credit score as well. Those with better bad credit ratings will pay up to 8 percent more on average for annual premiums than those with good or excellent credit scores.

      Expensive South Carolina Cities

      Location is also a factor that can play a role in how expensive your premium rates are. The more populated a city, and the heavier the traffic, the more likely the cost of your premiums will go up. This is because more cars on the road mean you are at a higher risk of accidents. Below are some of the most expensive cities in South Carolina to have insurance and what you can expect to pay for an annual premium.

      • North Charleston: $1508.
      • Florence: $1502.
      • Summerville: $1496.
      • Goose Creek: $1472.
      • Charleston: $1470.

        Cheaper South Carolina Cities

        There are also areas in South Carolina with much smaller populations or more rural areas, where drivers will find that the annual premium for car insurance is lower. Some of the cheapest places in South Carolina for car insurance are:

        • Simpsonville: $1206.
        • Greenwood: $1232.
        • Easley: $1233.
        • Maudlin: $1250.
        • Greer: $1254.

          List of Insurance Companies in South Carolina

          Many insurance companies provide information in South Carolina that will help you find the perfect company to fit your needs. Some of the companies with the cheapest rates are The Hartford, USAA, GEICO, and Auto-Owners. GEICO is a popular option among those who prefer managing their policies online. At the same time, Auto-Owners is a preference for those who like personal contact with an agent, as mentioned by Motor1.

          Many of the other well-known insurance options in the U.S. include State Farm, Allstate, and Progressive; these all run in the middle of the pack when it comes to rates. However, each of these companies provides several discount options that can help you get the best deal on your policy.

          The insurance companies that run on the high end of the premium spectrum include Southern Farm Bureau, National Grange Mutual, Nationwide, and Auto Safe. While their rates are higher, they have all received high marks for customer experience.

          No-Fault Insurance in South Carolina

          South Carolina is an at-fault state, which means that in the event of an accident, the insurance of the driver who is deemed to be at fault will have the financial responsibility to cover medical costs and repair bills for both drivers and passengers involved in the accident. If you are in an accident without insurance, this financial responsibility will fall on you, potentially leading to serious debt and even bankruptcy.

          As mentioned in Dough Roller, going without insurance would also require you to carry SR-22 insurance for a minimum of three years to prove you have obtained and are carrying correct insurance.

          Check this out if you need additional information, resources, or guidance on car insurance.

          Sources:

          Car and Driver | https://www.caranddriver.com/car-insurance/

          The Zebra | https://www.thezebra.com/auto-insurance/south-carolina-car-insurance/

          Dough Roller | https://www.doughroller.net/insurance/best-auto-insurance-in-south-carolina/

          Motor1 | https://www.motor1.com/reviews/401406/car-insurance-south-carolina/

          Car and Driver | https://www.caranddriver.com/car-insurance/a35875139/geico-vs-allstate/

          Car and Driver | https://www.caranddriver.com/car-insurance/a36148439/car-insurance-for-bad-credit/

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