South Carolina is home to many young drivers aged 19 and under, and although the cost of auto insurance in the state is just below national annual averages at $ 558 for minimum coverage and $ 1,512 for minimum coverage. comprehensive coverage, road safety is often a concern. the South Carolina Department of Public Safety (SCDPS) found that teenage drivers in South Carolina were responsible for one crash-related injury or death every 1.4 hours. In addition, distracted driving accounted for a significant portion of road crashes, causing an average of two crashes per hour.
Whatever population you represent in the state – distracted drivers, teenage drivers or 3.8 million licensed drivers on the roads – you’ll probably want the most affordable auto insurance company South Carolina has to offer to protect you. You never know when a car accident may occur or if all parties involved will have sufficient coverage. Bankrate has brought together the companies offering South Carolina’s cheapest auto insurance for 2021 to help drivers find insurance to meet their budget needs.
The cheapest auto insurance in South Carolina
Finding the cheapest auto insurance in South Carolina often comes down to determining which national company offers the best discounts. Small businesses can be competitive at times, but more often than not they are unable to offer the prices of a domestic supplier or the savings they offer through discounts. This is often the case with South Carolina.
On average, the following five companies offer South Carolinians the lowest annual premiums:
|Auto insurance company||Average annual premium for minimum coverage||Average annual premium for full coverage|
|American National||$ 227||$ 505|
|Geico||$ 396||$ 1,203|
|Car owners||$ 424||$ 1,342|
|Allstate||$ 433||$ 1,379|
|Travelers||$ 460||$ 1,141|
American National can be a great option for South Carolinians who want cheap auto insurance without sacrificing coverage. The company’s minimum and comprehensive coverage is significantly lower than the national and national average of at least $ 330. Although American National does not list any additional discounts on its website, Collision and Comprehensive Insurance does have several extras included without the additional price. Policyholders can benefit from rental cover and up to $ 2,000 in custom equipment coverage. Plus, if you have an accident with another car insured by American National, you can either waive your deductible altogether or pay it at a reduced rate.
Because of its size, Geico is able to offer some of South Carolina’s cheapest auto insurance for basic liability, even outside of its long list of discounts. With the discounts, many people will see the above numbers drop even more, as Geico’s discounts offer significant savings. For example, if you insure multiple vehicles through Geico, you can save up to 25% on your premium. Do you have a complete front seat airbag system in your car? You could save up to an additional 23%. the list of available discounts is broad and can give you a good idea of what to expect based on what you will be eligible for.
Although based in Michigan, Auto-Owners also has an office in Greenwood, South Carolina, as well as a multitude of agents located in several South Carolina zip codes. The company even offers a convenient plan that offers 10 additional covers including redial, phone replacement and more for one price, which could be competitive with what you would pay for the same covers with another provider. . Drivers can save with a multitude of discounts availableincluding requesting a quote before your current policy expires and opting for electronic payments.
Allstate is a national company that consistently receives positive ratings from trusted third-party sources such as JD Power (an independent company that measures customer satisfaction). Among the companies surveyed in the JD Power Auto Insurance Study 2020, Allstate ranks in the top 10 for customer satisfaction in the Southeast region, where South Carolina is located. This is a significant benefit, in conjunction with all the ways you can lower your premium with Allstate. One of these options is to join Allstate’s Drivewise program, which provides policyholders with a discount for signing up for the app and additional discounts every six months to continue driving safely. With the Drivewise program, you can even receive Allstate Rewards points and redeem safe driving habits for things like travel and merchandise.
When considering coverage, drivers consider several factors. Travelers help facilitate this decision-making process by offering examples of coverage options for drivers from South Carolina, as well as drivers from other states. For example, insured travelers in the state can receive up to $ 900 in rental coverage and 15 miles of roadside assistance. There are options for new car replacement, accident forgiveness, and over 10 ways to include savings. Drivers with a hybrid vehicle may qualify for special discounts and those who maintain a clean driving record and claims history could earn up to 23% off their premiums.
Affordable coverage for South Carolina drivers
The minimum amount of liability South Carolina drivers need is 25/50/25. This represents the following:
- $ 25,000 per person for bodily injury / death
- $ 50,000 per accident for bodily injury / death
- $ 25,000 per accident for property damage
As a South Carolina driver, you might be wondering what level of coverage is enough. Unfortunately, it is quite easy to find yourself in a situation where the minimum coverage is insufficient. For example, a new Ford 350 XLT costs around $ 45,000, brand new. If you were to total such a truck, it would leave you responsible for the remaining $ 20,000. Your insurance company would pay $ 25,000 (less your deductible) and you would be expected to pay the remaining amount out of pocket.
For this reason, many insurance agents recommend more than minimal coverage.
How To Get Cheap Auto Insurance In South Carolina
The best way to find cheap auto insurance in South Carolina is to shop around first. Insurance companies all use different pricing algorithms, which is why it is so common to get different quotes from two companies.
After receiving multiple quotes, compare the discounts that each offers. Take note of which ones apply to you and calculate the impact they would have on your premium. If the supplier doesn’t announce how much you would save with a particular discount, contact an agent to find out.
Another option to lower your premium is to go for a higher deductible. The main downside is that you will receive less payment if and when you have an accident, and you have to be prepared to cover more costs up front out of pocket. Therefore, it is always a good idea to put some money aside in savings if you choose a high deductible.
Finally, keep in mind that your credit score often plays a role in pricing your premium. Indeed, there is a historical correlation between people with lower credit scores having more accidents and receiving more speeding tickets. In most states that take credit into account, if you increase your credit score, the cost of your auto insurance can be reduced.
Speaking to an insurance agent can help you go through this process and make the right choices based on your needs.
Frequently Asked Questions
What is the best auto insurance in South Carolina?
The best auto insurance in South Carolina depends on the priorities of each driver. Researching options, comparing quotes, and finding discounts are all ways to find the best supplier for you.
What is the average cost of auto insurance in the United States?
The average cost of auto insurance in the United States is $ 1,674 per year for full coverage and $ 565 per year for minimum coverage. Compared to national averages, South Carolina is just a little below $ 1,512 per year for full coverage and $ 558 per year for minimum coverage. However, these are only average fares and do not take into account your driving record, age or zip code, all of which have an impact on your fares.
Is South Carolina a Flawless State?
No, South Carolina is not a no-fault state, which is why insurance experts and agents recommend buying more than basic liability. Being involved in an accident without adequate coverage could make you personally liable for the injuries and medical bills of another person, and without coverage for your own damages.
Does South Carolina have a lot of uninsured drivers?
Not compared to the rest of the country. From The last study of IIISouth Carolina only had an uninsured rate of 9.4%.
Bankrate uses Quadrant Information Services to analyze rates for all postal 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 driving record of cleaning, good credit and the following full coverage limits:
- $ 100,000 of civil liability per person
- Civil liability of $ 300,000 per accident
- Liability for property damage of $ 50,000 per accident
- $ 100,000 of uninsured bodily injury by a motorist per person
- $ 300,000 in uninsured bodily injury by a motorist per accident
- $ 500 collision deductible
- Full $ 500 deductible
To determine the minimum coverage limits, Bankrate used minimum coverage that meets the requirements of each state. Our sample drivers own a 2018 Honda Accord, commute five days a week, and travel 12,000 miles a year.
These are sample rates and should only be used for comparison purposes. Your quotes may be different.