Mortgages South Carolina – Home Associates Sat, 22 Jan 2022 22:47:44 +0000 en-US hourly 1 Mortgages South Carolina – Home Associates 32 32 Shortage of real estate housing supply in North Carolina Sat, 22 Jan 2022 22:47:44 +0000

GREENVILLE, NC ( – The economics of real estate is both simple and complex. As with any other commodity, supply and demand drive costs in the housing market, and right now house costs are at an all-time high, an 18% increase since September 2020. But Factors creating record inventories and increased interest buying are varied and complicated.

To illustrate how skewed the market is, we can look at months of supply. This metric tells us how many months it would take for all the homes on the market to sell at the current rate. In a balanced real estate market, that number is six. Since 2019, the average number of months of supply has fallen from around four to less than two. The number of single-family homes for sale in the United States at the start of 2021 was just 870,000, the lowest in about 40 years, according to a 2021 study from Harvard University.

Investment firms found themselves on the favorable side of the pandemic housing crisis, accounting for one in six homes and 25% of all apartments purchased in the second quarter of 2021. Investors were able to take advantage of low interest rates and the demand for rentals, especially among those whose price is out of the market.

Although the pandemic has played an important role in stimulating demand for housing, it is only partially responsible for the shortage of supply. This problem – which is actually an underproduction problem – started two decades before the world had ever heard of COVID-19.

According to the National Association of Realtors (NAR), the United States built 276,000 fewer homes per year, on average, between 2001 and 2020, compared to the previous 30 years. If the pace of production had not dropped over the past 20 years, there would be 5.5 million more homes. The NAR estimates that the United States would need to build more than 2 million new units per year over the next decade to close the gap. At best, this rate would be difficult to achieve. In the current circumstances, where supply chain disruptions affect 88% of construction projects and almost 90% of construction companies cannot find enough skilled tradespeople to meet demand, it seems like a task. of Sisyphus.

The real estate market is nuanced from state to state, and while many national trends hold true on a more localized level, it’s important to understand the context of your individual state.

To analyze each state’s real estate market, rent-to-own platform ZeroDown compiled current and historical data from the US Census Bureau and the Department of Housing and Urban Development. The data will cover homeownership rates, vacancies, foreclosures, mortgages, new home construction and manufacturing, as well as housing characteristics such as median age, square footage and number of parts for homes in your state.

North Carolina by the numbers

– Home ownership rate: 64.6%
– Owner vacancy rate: 0.5%
– Rental vacancy rate: 4.9%
– Occupied dwellings: 4,046,348
— Owner-occupied dwellings: 2,642,709, tenant-occupied dwellings: 1,403,639
— Year of construction of houses: 2014 or later (6.5%), 2010 to 2013 (4.1%), 2000 to 2009 (18.8%), 1980 to 1999 (34.4%), 1960 to 1979 (21.9%), 1940 to 1959 (9.7%), 1939 or before (4.6%)
— Number of bedrooms: no bedrooms (1.4%), 1 bedroom (6.6%), 2 or 3 bedrooms (71.1%), 4 bedrooms and more (20.9%)
— Type of heating used: utility gas (24.4%), bottled gas, tank gas or LPG (6.6%), electricity (64.3%), fuel oil, kerosene, etc. (2.6%), coal or coke (0.0%), all other fuels (1.6%), no fuel used (0.5%)
– New construction permits: 80,474 (value of $16,111,594)
– Manufactured homes shipped in the state: 4,066 (average sale price: $86,200)

The COVID-19 pandemic has created a world where some people have found the financial flexibility to buy a home and the incentive to do so quickly. Remote working, closings and record mortgage rates have pushed people, especially those under 35, who would have otherwise put off buying a home, to suddenly seek more space for themselves, their families and a yard for their pandemic puppies in less expensive neighborhoods far from employment centers and major cities.

For others, the pandemic has created a new reality of financial insecurity, overdue mortgage or rent payments, risk of eviction, and exclusion from previously affordable neighborhoods. Nearly a quarter of households earning less than $25,000 a year were behind on their mortgage payments at the start of 2021. During the same period, a fifth of all renters in the United States were behind on their payments monthly. Within these aggregate numbers, the burden of economic fallout from the pandemic falls disproportionately on low-income and minority families.

Keep reading to find out how the real estate market is doing for neighbors in your state.

Georgia in numbers

– Home ownership rate: 62.8%
– Owner vacancy rate: 0.8%
– Rental vacancy rate: 6.4%
– Occupied dwellings: 3,852,714
— Owner-occupied dwellings: 2,470,572, tenant-occupied dwellings: 1,382,142
— Year of construction of houses: 2014 or later (6.0%), 2010 to 2013 (2.9%), 2000 to 2009 (20.5%), 1980 to 1999 (37.3%), 1960 to 1979 (21.6%), 1940 to 1959 (8.0%), 1939 or before (3.7%)
— Number of bedrooms: no bedrooms (1.4%), 1 bedroom (7.4%), 2 or 3 bedrooms (62.4%), 4 bedrooms and more (28.8%)
— Type of heating used: utility gas (38.6%), bottled gas, tank gas or LPG (4.5%), electricity (55.6%), fuel oil, kerosene, etc. (0.1%), coal or coke (0.0%), all other fuels (0.7%), no fuel used (0.5%)
– New construction permits: 55,827 (value of $11,592,571)
– Prefab Homes Shipped State: 2,753 (average sale price: $83,500)

South Carolina in numbers

– Home ownership rate: 75.3%
– Owner vacancy rate: 0.8%
– Rental vacancy rate: 7.2%
– Occupied dwellings: 1,975,915
— Owner-occupied dwellings: 1,388,492, tenant-occupied dwellings: 587,423
— Year of construction of houses: 2014 or later (8.1%), 2010 to 2013 (4.1%), 2000 to 2009 (19.0%), 1980 to 1999 (33.5%), 1960 to 1979 (22.5%), 1940 to 1959 (9.0%), 1939 or before (3.8%)
— Number of bedrooms: no bedrooms (1.5%), 1 bedroom (5.0%), 2 or 3 bedrooms (70.8%), 4 bedrooms and more (22.7%)
— Type of heating used: utility gas (23.5%), bottled gas, tank gas or LPG (3.4%), electricity (70.9%), fuel oil, kerosene, etc. (0.6%), coal or coke (0.0%), all other fuels (1.0%), no fuel used (0.5%)
– New construction permits: 42,340 (value of $9,505,326)
– Manufactured homes shipped in the state: 3,533 (average sale price: $90,900)

South Carolina hospital offers employees up to $10,000 for home purchase assistance Wed, 19 Jan 2022 15:48:26 +0000

Beaufort (SC) Memorial Hospital has created a Homebuyer Assistance Program to help staff buy homes or refinance mortgages, with assistance of up to $10,000.

To be eligible for the program, employees must be full-time, have worked at the hospital for at least six months, attend a homebuyer education workshop, and meet household income requirements, among other criteria. according to a Jan. 10 press release from the hospital. .

Additionally, properties must be within 15 miles of a designated Beaufort Memorial campus, be the buyer’s primary residence, and have monthly mortgage payments no greater than 33% of monthly income.

Recipients can use the funds for down payments and closing costs, according to the statement.

The hospital is partnering with development finance institution CommunityWorks for the program.

“We know that home ownership provides stability, security and a means to build financial health and wealth for future generations,” said Beaufort Memorial President and CEO Russell Baxley. “We also recognize that a major hurdle can be finding the money needed for a down payment or closing costs. This relief program will help our employees bridge that financial gap.”

USF Tampa Students to Protest Low Black Enrollment Again, Call for More Black Counselors and Professors | Tampa Bay News | Tampa Mon, 17 Jan 2022 21:58:13 +0000
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Justin Garcia

SDS students on low black enrollment at USF in February 2020

This Thursday, students at the University of South Florida in Tampa will hold another rally as part of a years-long effort to push university leaders to increase black enrollment.

Tampa Bay Students for a Democratic Society (SDS) will stage the protest on the USF Tampa campus outside the Marshall Student Center near the Fountain of the Bulls at 1:45 p.m.

According to USF’s 2021-2022 “Pocket Fact Book,” the black enrollment rate is 9.5 percent for the current academic year. In recent years, the number of black students has fluctuated, but remains around 9%. During the 2008-2009 academic year, the enrollment rate was 12%.

These enrollment percentages contrast with the percentage of blacks living in Tampa, which, according to the latest Census Bureau figures, is 23.6%.

“The USF administration has failed to fully acknowledge this problem and has made flawed attempts to address it,” SDS wrote in a press release. “It is important that a college institution reflect the community in which it is located.”

SDS went on to say that the group has heard from black students on campus saying they find it difficult to connect with counselors who don’t understand what it’s like to be in a minority group at school. university. As part of the protest, they are also demanding that USF hire more black counselors for black students to identify with and more black professors.

Creative Loafing Tampa Bay has reached out to the university’s communications team for a response, but has yet to receive one. This story will be updated if it happens.

In February 2020, when CL posted about a similar on-campus protest, USF management said they were aware of the issue.

“We share the concern of SDS students and would like to further increase enrollment of black undergraduate college students,” USF Vice President for Student Success Paul Dosal told CL. “My interest is in maintaining the type of campus that resembles the diverse competitive global marketplace that students will enter.”

The SDS held meetings with the university and presented ideas to solve the problem. Yet nearly two years later, black college enrollment has remained stagnant.

Black student enrollment problems exist across the country.

In 2017, The New York Times published an analysis which described that “the share of black freshmen in elite schools is virtually unchanged since 1980. Black students make up only 6% of freshmen but 15 % of college-aged Americans.

While students of color have seen an overall increase in college enrollment, very few have seen enrollment at top-rated and Ivy League universities. Graduation rates for black students show a downward trend.

In 2019, the Chronicle of Higher Education published a report stating that “black students who started college in the fall of 2011 had higher dropout rates and lower six-year completion rates – 46% in public institutions, 57% in private institutions – than any other racial group. Black students also had more debt than other students after graduation, 15% more than any other racial group.

On Thursday, SDS will continue its efforts to resolve registration issues in Tampa.

“It is crucial for a college campus to preserve one’s identity and culture, the absence of this environment makes USF unattractive and unwelcoming to many,” SDS wrote.

Tampa City Council passes new noise ordinance, but legal precedent indicates it may be unconstitutional | Tampa Bay News | Tampa Fri, 14 Jan 2022 21:11:15 +0000
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LC staff

A crowd watches an outdoor concert at The Bricks in Ybor.

After outcry from Ybor City residents and business owners over the new noise ordinance amendments, several people showed up at yesterday’s city council meeting to oppose the changes.

Despite community outcry and a lawyer pointing out the “unconstitutional” aspects of the amendments, the city council passed the controversial 5-1 ordinance. Only Guido Maniscalco voted no; Luis Viera was absent.

The changes will not take effect for six months. In the meantime, the council has called on city staff to take up the most controversial aspects of the new rules and discuss them at a workshop on April 28.

If no changes are made before implementation, the order could ban all amplified sound in Ybor after midnight and allow police to fine businesses without warning if they have outdoor music at certain times. decibel levels. It also limits decibel levels to talk volume between 1 a.m. and 3 a.m., which is often prime time in Ybor.

Luke Lirot, a local lawyer who has several clients in Ybor, called the order “unconstitutional”, particularly the First Amendment, which includes the right to free speech and the right to assembly.

“I believe this is the fifth decade that I have been able to speak to the Tampa City Council about First Amendment issues,” Lirot told the council during the meeting. “And I want to emphasize that this is exactly what it is for my customers and the commercial operators of Ybor City.”

Lirot explained that music is what his clients at Ybor present as a form of expression and communication, and is therefore protected by the First Amendment. Any attempt to silence this form of expression, as the order seeks, would violate the constitution for this reason, Lirot said.

“It’s completely unconstitutional as it stands,” Lirot told Creative Loafing Tampa Bay Today. “But I think the city can be more surgical in how that ordinance exists, and I look forward to working with them on that.”

Lirot sent CL a list of Florida Supreme Court (FSC) cases that have ruled against local noise ordinances because of their unconstitutionality. He said he also sent it to town.

In Sarasota in 2012, the Florida Supreme Court ruled against a city noise ordinance that sought to ban drivers from playing loud music in their cars, calling it “unconstitutional”.

Also in 2012, the FSC struck down a state law that regulated music played at high volumes by cars because it violated the First Amendment.

In 1996, a noise ordinance in Lee County was canceled by the FSC for the same reason.

Lirot said he understood there had to be a balance, but the ordinance was not the way to achieve the goal of noise regulation, saying the entire original ordinance was flawed .

With 10 seconds remaining in his speech to the council, Lirot said: ‘I will just say ‘Let’s all get together and sort this out before something is passed that will only bring headaches and litigation. “”

The city has yet to respond to questions about Lirot’s claims. This message will be updated if a reply arrives.

During the presentation of the ordinance, Carole Post, the city’s administrator of economic development and opportunity, said the city was aware of the “debate and discussion” leading up to the meeting.

“The council actually started this almost two years ago to update what we think is a tangle of rules and regulations that have become confusing, and which, if they don’t really keep pace with the needs of our evolving city,” Post said. “The goal the council set itself was to simplify and provide consistency and predictability for all businesses and residents, but we recognize this is a sensitive issue.”

Ybor business owners spoke about how the ordinance’s rules would destroy the culture they helped build there.

Belle Amoroso, owner of the Las Vegas Tattoo company for 20 years with her husband. They moved to Ybor from Las Vegas specifically for its nightlife.

“We love it and tourists love coming here,” Amoroso said. “If you start altering that, you’re going to end up with something quite pathetic actually.”

While most business owners were focused on their bottom line, Eric Schiller, owner of Gaspar’s Grotto with his wife of 18 years, explained how Tampa taxpayers could be affected by such an order.

“If this [outdoor sound] is reduced, it will have a disastrous effect on our tourism, our hospitality on hotel room nights on our convention business in particular,” he said.

Contrary to the high turnout against the ordinance, a couple from Tampeños spoke out in favor of the new rules that will affect Ybor, saying noise disrupts their lives there, and several others complained of separate noise issues in the south. from Tampa. But specifically in reference to Ybor, Lirot pointed out that anyone who has come to Ybor (known for its nightlife for over 40 years) and complains now, is participating in “come to nuisance”.

Under tort law, if the problem complained of occurred before the plaintiffs who own homes or live in the area affected by the nuisance (noise), and if the owners were aware of the activity creating a nuisance at the time they purchased the property, the defendant may plead the defense of coming to the nuisance.

Several business owners and residents pointed out that people shouldn’t have moved into a party district just to complain, inadvertently referring to the law.

Tom DeGeorge, spokesperson for the Ybor Merchants Association and owner of Crowbar, which he opened in 2006, says he was particularly shocked by Tampa Police Department Officer Brett Owen who pushed to remove the loud noise warning because business owners tried to work with the TPD to resolve the issues the low.

He also said that while this ordinance being passed was discouraging, those who have helped make Ybor what it is over the years do not back down easily.
“I’m not happy with the way the city is treating small businesses here as adversaries, we should work together to find a solution,” DeGeorge said. “We’re going to fight the order, because it’s flawed in the first place.”

Movement Bank Expands Regional Footprint and Opens Sole Community Bank in Randleman, NC Fri, 14 Jan 2022 13:33:00 +0000

RANDLEMAN, North Carolina, January 14, 2022 /PRNewswire/ — Movement Bank is pleased to announce the opening of its new branch in Randleman, North Carolina. The new site expands its footprint in the region and marks an important milestone as Movement continues to invest in providing access to financial services in underserved communities.

The launch is the third among the bank’s growing network of community branches and aims to meet the region’s growing demands for personal and commercial banking services. Movement Bank offers everyday consumer financial services and a variety of mortgage options, as well as commercial loans and cash management products to help businesses thrive.

“Our team knows Randleman worked well,” said David Rupp, Chairman of Movement Bank. “During our discussions with local leaders, we were impressed with their plans for the future of Randleman, and we have an exciting vision of how we can work together to make the community even more special.”

Vice President/Executive Market Head and Branch Manager, wayne rowe, said: “Our experienced local team are delighted to serve Randleman and its surroundings. We are proud to launch a full-service commercial bank with a heritage rooted in service. Our commitment is to partner with a great community of people and play our part in the economic growth expected for Randleman.”

Movement Bank will open its doors to the public with an expected date of Monday, January 24, 2022, at 117 Main Street South, Randleman, North Carolina. Movement Bank will announce the future date of its grand opening and inauguration ceremony in the spring.

Movement Bank exists to love and serve people with a purpose greater than banking. Founded in 1919 to fund the underserved community in isolated neighborhoods Danville, Virginia, Movement Bank continues this mission in the 21st century. The bank offers a full range of products and services, including checking, savings, money market and certificates of deposit for individuals and businesses. The bank also specializes in mortgages, home equity, auto and personal loans for individuals, as well as lines of credit, commercial and real estate financing for businesses. Movement Bank offers online and mobile banking, credit and debit cards and a range of other services. He supports educational and community investment initiatives through the nonprofit Movement Foundation. Movement Bank is based in Danville, Virginia, and operates a branch in Fort Mill, South Carolina, and Randleman, North Carolina. The bank also has loan production offices at Charlotte, Greensboro, Asheboro, and Asheville, North Carolina. It does business online at

Kimberly McNeil, Marketing Director
[email protected]
Phone: 919.345.4912

SOURCE movement bank

Drugs and a gun on the streets courtesy of Henderson, Texas Police Wed, 12 Jan 2022 09:05:14 +0000

I will never understand why someone would choose the life of a drug dealer, putting themselves in danger and maybe losing their freedom for a few dollars. There are so many other ways to make a living, and I guess the suspect who quit last weekend wishes he had chosen a different path for his life. As Henderson, Texas police conducted a traffic stop, which resulted in the recovery of a large amount of drugs and a pistol.

I am happy to report that no one was injured during the traffic stop which seized a large amount of ecstacy, oxycodone and hydrocodone. The traffic stop came on Saturday Jan.8 at Mt. Enterprise as an officer from the Henderson Police Department was working with an interagency task force.

It didn’t take long for the officer to realize it was more than just a traffic stop

According to the officer who carried out the traffic check, there were clear indicators that corresponded to criminal activity. This led the officer to request permission to search the vehicle granted to him. During the search, the officer found a pistol, 436 grams of ecstasy, 149 grams of oxycodone and 43 grams of hydrocodone. The driver was immediately arrested and taken to Rusk County Jail.

Suspect now faces multiple felony charges

The suspect in this case now faces a first degree felony charge and two second degree felony charges for the drugs found in the vehicle. There was another charge of illegal possession of a firearm by a criminal. As always, the suspect is innocent until proven guilty.

Thanks to the Henderson Police Department for keeping these drugs off the streets of east Texas.

20 unusual laws in the state of Texas

We want you to stay legal, so here is a list of 20 weird laws you could break in the state of Texas.

LOOK: What important laws were passed in the year you were born?

The data in this list was acquired from reliable online sources and media. Read on to find out which major law was passed in the year you were born, and learn its name, vote count (if any), impact, and meaning.

Huge Henderson property of over 73 acres, just under 1.3 million

This is one of the more expensive properties for sale in Henderson, TX, but it is beautiful and includes a large lot.

UPDATE-2 Linn Cty residents taken to hospital after home invasion Mon, 10 Jan 2022 22:00:59 +0000 [UPDATE JANUARY 10, 4 PM]

The Linn County Sheriff’s Office has identified the two injured in the Sunday night home invasion, and a description of the man who allegedly committed the crime has also been provided.

The two people who were injured on Sunday night are Sandra and Joseph Henderson, both 72, of Coggon. Joseph remains hospitalized for the moment.

Authorities are looking for a white man of average build, measuring approximately 6 feet to 6 feet three inches. He allegedly told the victims that he was a law enforcement officer. “He left the scene in a 4-door sedan. The make and model of the vehicle are not known, but it was light in color.

The Linn County Sheriff’s Office says, “appears to be an isolated incident, specifically aimed at victims and we have no reason to believe the public is otherwise at risk.”

Anyone who was on Maple Way between 6:15 p.m. and 6:30 p.m. Sunday evening are asked to contact the Linn County Sheriff’s Office at (319) 892-6250.

[ORIGINAL STORY January 10, 9 AM] Two people were injured in a home invasion in Linn County on Sunday night.

According to a press release from the Linn County Sheriff’s Office, someone knocked on the front door of a house in the 1800 block of Maple Way in Coggon just before 6:30 p.m. Sunday night. There were two people inside the house at the time.

1800 Block from Maple Way to Coggon, Google Maps

When the door was opened, a man showed a gun and forced his way inside. He then demanded money and also physically assaulted the two people inside. After the assault, the man fled.

The two residents of the house were taken to a local hospital for treatment for their injuries. Information on their conditions was not disclosed.

The Linn County Sheriff’s Office continues to investigate the home invasion. No description of the suspect has been released.

If someone you don’t know comes to your door, law enforcement offers these tips:

  • Check your lock (s)
  • Check the peephole or camera
  • Talk to the person through the door
  • If they say they need help, tell them you are calling the police for them. Then make that call.
  • If you are a woman at home alone, tell her that your husband or father is working on something at home and cannot come to the door.
  • If you have a dog, let him talk.
  • Have a two-way intercom speaker system
  • Have a security camera or CCTV
  • Have an alarm system
  • Involve your neighborhood in neighborhood watch

LOOK: What important laws were passed in the year you were born?

The data in this list was acquired from reliable online sources and media. Read on to find out which major law was passed in the year you were born, and learn its name, vote count (if any), impact, and meaning.

LOOK: What are the chances that these 50 Totally Random Events will happen to you?

Stacker took the guesswork out of 50 random events to determine the likelihood of them actually occurring. They drew their information from government statistics, scientific articles and other primary documents. Read on to find out why expectant parents shouldn’t rely on due dates – and why you should be more worried about dying on your birthday than living to 100.
History of the American Mortgage | national news Fri, 07 Jan 2022 04:40:50 +0000

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Texarkana Police Captain completes elite FBI National Academy Tue, 04 Jan 2022 17:41:55 +0000

We see on TV and in movies all about the FBI and how prestigious it is. Now, congratulations to one of our own as he graduated from the FBI National Academy. The Texarkana Arkansas Police Department announced on its Facebook page that Captain Bobby Jordan graduated from the FBI National Academy in Quantico, Virginia.

The FBI National Academy is an 11-week course where law enforcement personnel can improve their skills and learn more about the law, behavioral sciences, forensic science, mindset terrorist, communication and more.

According to the TAPD’s Facebook post, Captain Jordan began the entry process in 2017. He is just one of two people selected in the state of Arkansas.

The 280th FBI National Academy Graduation Session

Even more impressive, the post continues;

The 280th Graduate Session was made up of one hundred and twenty-eight law enforcement officers, men and women, from 41 states and the District of Columbia. The class also included law enforcement agencies from 3 countries, five military organizations and seven federal civilian organizations.

It is not easy to get into the program as participants typically have an average of at least 21 years of law enforcement and are also most likely to have reached a management level where they work. Needless to say, we are very proud and honored that Captain Jordan is serving here in the Texarkana area. Congratulations!

LOOK: What important laws were passed in the year you were born?

The data in this list was acquired from reliable online sources and media. Read on to find out which major law was passed in the year you were born, and learn its name, vote count (if any), impact, and meaning.

25 real crime scenes: what do they look like today?

Below, find out where 25 of the most infamous crimes in history took place – and what they are used for today. (If they remained standing.)

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Average cost of auto insurance in South Carolina in 2022 Fri, 31 Dec 2021 08:00:00 +0000

In South Carolina, the average cost of auto insurance is $ 558 per year for minimum state liability coverage, while full coverage is $ 1,512 per year. South Carolina law requires drivers to have state minimum liability limits to register and operate a car on the roads. As the second state in auto crash fatalities, drivers in South Carolina should consider purchasing enough coverage to financially protect them and their families in the event of a crash.

When purchasing auto insurance in South Carolina and other states, price is often a deciding factor in choosing the right auto insurance company. By purchasing multiple quotes from different insurance companies, drivers can determine which company offers the most coverage at the best price.

How Much Does Auto Insurance Cost in South Carolina?

The price that each driver pays for auto insurance rates in South Carolina is determined by a number of factors. The zip code you live in, your age, your driving record, the make and model of the vehicle and the necessary coverages are all important when purchasing auto insurance. The rates for South Carolina are just below the average cost of auto insurance in the United States, which is $ 565 for minimum state liability coverage and $ 1,674 for full coverage per year. .

Auto Insurance Rates in South Carolina by Company

As you can see in the table below, the cost of auto insurance in South Carolina varies by carrier, even when using the same driving profile. When trying to find the best and cheapest auto insurance in South Carolina, searching for multiple quotes is usually the easiest way to find a company for your auto insurance needs.

Auto insurance company Average annual premium for minimum coverage Average annual premium for full coverage
American National $ 227 $ 505
Geico $ 396 $ 1,203
Automobile owners $ 424 $ 1,342
Allstate $ 433 $ 1,379
Travelers $ 460 $ 1,141
United States $ 507 $ 1,447
Southern Agricultural Office $ 568 $ 1,391
At national scale $ 585 $ 1,326
Progressive $ 598 $ 1,404
State farm $ 616 $ 1,457
Farmers $ 1,138 $ 2,781
American Independent $ 1,472 $ 4,292

South Carolina Auto Insurance Rates by City

To give an idea of ​​how auto insurance costs differ by city in South Carolina, we analyzed quotes from the top 20 cities in the state by population. The table below shows the average annual premium for full coverage and the percentage difference based on the state average of $ 1,512 per year.

City Average annual premium for full coverage % difference from the average annual state premium
Colombia $ 1,547 2%
Charleston $ 1,626 8%
Greenville $ 1,410 -seven%
North Charleston $ 1,617 seven%
Summerville $ 1,555 3%
Florence $ 1,680 11%
Rocky hill $ 1,514 0%
Spartanburg $ 1,392 -8%
Myrtle Beach $ 1,428 -6%
Anderson $ 1,328 -12%
Lexington $ 1,451 -4%
Rig $ 1,307 -14%
Mount Pleasant $ 1,512 0%
Aiken $ 1,284 -15%
summer $ 1,633 8%
Fort mill $ 1,372 -9%
Conway $ 1,664 ten%
Goose Creek $ 1,537 2%
Easley $ 1,295 -14%
Green wood $ 1,310 -13%

Auto Insurance Rates in South Carolina by Age

Auto insurance rates also vary by age, with younger and inexperienced drivers paying the most for auto insurance. In South Carolina, drivers between the ages of 50 and 60 pay, on average, the lowest amount per year for auto insurance.

* 16 years calculated on the disclosure of the parents’ policy

Auto Insurance Rates in South Carolina by Driving Record

No matter what state you live in, cheap auto insurance rates are easier to find for drivers without traffic tickets and accidents on their driving record. Drivers in South Carolina with a speeding ticket pay an average of 19% per year more than drivers without a ticket. If you are involved in a at-fault accident, on average you will see a 42% increase in your auto insurance premiums. Obtaining a DUI in South Carolina will result in an increase in rates of approximately 70%.

Driving incident Average Annual Full Coverage Premium in South Carolina % increase in average annual premium
Speeding $ 1,806 19%
Accident $ 2,156 42%
DUI $ 2,566 70%

How To Save On Auto Insurance In South Carolina

When shopping for auto insurance in South Carolina, there are several ways to save on coverage costs. Finding affordable auto insurance rates can be more difficult if you have a traffic ticket, accident, or DUI on your record, but using these tips can also help you get cheaper coverage:

  • Make an annual report: If you haven’t reviewed your auto insurance policy in the past year, you could be leaving valuable savings on the table. Go over your policy with your insurance agent to make sure you only have the coverage you need and nothing you don’t.
  • Get multiple quotes: If you don’t want to change coverage but want more affordable auto insurance rates, looking for quotes and switching carriers may be the way to go. Compare the same coverage with all companies to see which one offers the best rates for the coverage you need.
  • Increase a deductible: The higher your deductible, the lower the auto insurance rate, but that doesn’t mean it’s the best option for everyone. If you choose to go for a higher deductible, make sure you can pay the full amount out of pocket in case you need to file a claim in the future.
  • Know the prices before buying a car: One mistake people can make when buying a new car is focusing only on the monthly car payment and not factoring in the cost of auto insurance. When shopping for cars, get quotes to compare different makes and models to determine what you can really afford.
  • Benefit from discounts: Most auto insurance discounts are stackable, so the savings can really add up if you qualify for more than one. By bundling auto and home together, allowing the insurance company to track your driving habits and pay in full, you may be able to lower your auto insurance rates to save more money.

Frequently Asked Questions

Who has the cheapest auto insurance in South Carolina?

Auto insurance rates vary by carrier and individual driving profiles. To find the cheapest auto insurance options in South Carolina for your specific needs, buy from multiple companies to compare quotes with the same coverage.

How much does auto insurance cost per month in SC?

On average, South Carolina drivers pay $ 126 per month for full coverage auto insurance. For drivers with minimum state liability coverage, the average driver pays $ 46.50 per month. These rates are based on a driver with a clean driving record and may differ from rates offered by auto insurance companies in South Carolina.

Do you need auto insurance in South Carolina?

Yes, South Carolina requires state drivers to carry minimum liability insurance. Drivers must carry at least 25/50/25, or $ 25,000 per person for bodily injury, $ 50,000 for all persons for bodily injury and $ 25,000 for property damage liability. Auto insurance companies are required to offer the same limits for coverage for uninsured motorists, but you are not required to purchase it.

Is SC a State No-fault Auto Insurance?

No, South Carolina is a state responsible for auto insurance, which means fault is determined based on the circumstances of the accident. Whoever is found at fault is responsible for paying for the other person’s injuries and property damage, which is why licensed insurance agents encourage drivers to purchase the auto insurance coverage they can afford.


Bankrate uses Quadrant Information Services to analyze 2021 rates for all zip codes and carriers in all 50 states and Washington, DC Rates shown are based on a 40 year old male and female driver with a clean driving record , good credit and the following comprehensive coverage limits:

  • $ 100,000 of civil liability for bodily injury per person
  • $ 300,000 liability for bodily injury per accident
  • Civil liability for property damage of $ 50,000 per accident
  • $ 100,000 in bodily injury caused by an uninsured motorist per person
  • $ 300,000 in uninsured bodily injury per accident to a motorist
  • $ 500 collision deductible
  • Global deductible of $ 500

To determine the minimum coverage limits, Bankrate used minimum coverage that meets the requirements of each state. Our basic profile drivers own a 2019 Toyota Camry, commute five days a week and cover 12,000 miles a year.

These are sample rates and should only be used for comparison purposes.

Age: The rates were calculated by evaluating our baseline profile with ages 18-60 (baseline: 40) applied.

Incident: The rates were calculated by evaluating our basic profile with the following incidents applied: clean criminal record (basic), responsible accident, single speeding ticket, single conviction for driving while intoxicated and forfeiture of coverage.

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