Cars and Trucks

How Much Is Car Insurance in South Carolina?

by Mike Burton, Simpsonville, SCGetty Images

How much is car insurance in South Carolina? That depends on your driving history and other personal details, as well as what provider you purchase a policy from.

Average Cost of Insurance in South Carolina

According to Bankrate, South Carolina drivers pay, on average, $1361 a year for car insurance. That’s 4.6 percent less than the national average. South Carolinians pay lower rates because there are fewer drivers on the state’s roadways, putting drivers at a lower risk for accidents.

Insurance Requirements for South Carolina Drivers

To operate a vehicle on South Carolina roadways, all drivers must carry a minimum amount of liability and uninsured motorist coverage. That means, according to WalletHub, when you purchase an insurance policy, it must include the following:

  • $25,000 in bodily injury liability per person
  • $50,000 in bodily injury liability per accident
  • $25,000 in property damage liability
  • $25,000 in uninsured motorist coverage per person
  • $50,000 uninsured motorist coverage per accident
  • $25,000 uninsured motorist property damage coverage per accident

    South Carolina drivers must carry proof of insurance in their vehicles at all times. According to Insurify, drivers are required to present proof coverage in the following situations:

    • When it’s requested by law enforcement.
    • When renewing a vehicle registration.
    • When the driver is in an accident.

      Factors That Affect South Carolina Car Insurance Rates

      When purchasing insurance, you may end up paying less than or more than the South Carolina average. That’s because insurance providers use several factors to calculate your insurance rates. As The Zebra notes, those factors include:

      • Your Age: If you’re a teen driver in South Carolina, you can expect to pay higher rates than drivers in other age groups. The industry classifies teen drivers as higher risk because they tend to have less driving experience and are seen as less responsible.
      • Your Marital Status: Married drivers can save up to $76 a year on insurance premiums. The insurance industry sees married drivers as a lower risk to insure because the data shows they file fewer claims than single drivers.
      • Your Credit Score: Insurance companies rely on credit scores to determine how reliable a driver is. Drivers with poor credit scores are more likely to miss premium payments, and they’re more likely to file claims. If you have a poor credit score, your provider will charge you higher rates.
      • Your Driving Record: If you have at-fault accidents or driving violations on your record, you can count on paying higher rates than a driver with a clean record. Your rates will climb higher, depending on the severity of the violations and how frequently they occur.

        How to Lower Your Insurance Rates

        Even if you fall into a high-risk group, there are ways you can lower your insurance rates. Bankrate suggests you do the following:

        • Compare quotes from multiple companies. Regional insurance companies, such as Erie, Alfa Insurance, and Farm Bureau, operate in South Carolina. Not only do regional companies tend to offer lower rates than national companies, but they also tend to provide better customer service.
        • Maintain your car insurance coverage. Even if you don’t currently own a car, you should continue to carry the minimum amount of insurance that South Carolina requires. Insurance companies view customers who maintain coverage more favorably than those who have gaps in coverage. In fact, if you let your insurance lapse, you’ll end up paying 9 percent more for coverage than a driver with five years of continuous coverage.
        • Choose the right amount of coverage. You don’t want to pay for unnecessary coverage. For example, if you drive an older car, it might be cheaper to pay for repairs out of pocket than paying for comprehensive and collision coverage. If you don’t drive very often, you might want to go with an insurance company that will assess your rates based on how many miles you drive.
        • Ask your agent about discounts. It’s likely that you’ll qualify for one or more discounts common in the insurance industry, including bundling, safe driver, and good student discounts.

          Comparing Car Insurance Quotes for South Carolina Drivers

          WalletHub analyzed quotes from various insurance companies to find the most affordable policies for different groups of drivers. If you’re shopping for minimum coverage and you have a clean driving record, here’s what you can expect to pay, on average, depending on the provider:

          • American National Insurance: $304 a year
          • GEICO: $405 a year
          • USAA: $622 a year
          • State Auto: $627 a year
          • State Farm: $646 a year

            These are the average rates for a South Carolina driver with a recent speeding ticket on their driving record:

            • American National Insurance: $369 a year
            • GEICO: $405 a year
            • State Farm: $705 a year
            • USAA: $774 a year
            • Travelers: $805 a year

              If you have a recent at-fault accident on your record, here’s what you can expect to pay:

              • American National Insurance: $369 a year
              • GEICO: $574 a year
              • State Farm: $792 a year
              • Auto Owners: $808 a year
              • Travelers: $833 a year

                WalletHub reports that South Carolina drivers with DUI convictions on their records pay even higher rates. If you have a recent DUI in your driving history, here’s what you can expect to pay:

                • American National Insurance: $443 a year
                • State Farm: $705 a year
                • Travelers: $917 a year
                • GEICO: $932 a year
                • Southern Farm Bureau: $986 a year

                  WalletHub also analyzed rates for drivers with poor credit ratings, another group that tends to pay higher rates. If you’re a South Carolina driver with a poor credit score, these are your most affordable options:

                  • GEICO: $890 a year
                  • American National Insurance: $1023 a year
                  • State Auto: $1037 a year
                  • Travelers: $1054 a year
                  • Allstate: $1121 a year

                    Of course, the amount of coverage you choose to carry also affects your car insurance rates. If you opt for full coverage instead of sticking with the state minimum, here are your most affordable options:

                    • American National Insurance: $667 a year
                    • GEICO: $1129 a year
                    • Travelers: $1411 a year
                    • State Farm: $1437 a year
                    • USAA: $1498 a year

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

                      Sources:

                      Best car insurance in South Carolina for 2021 | bankrate.com

                      Cheapest Car Insurance in South Carolina | wallethub.com

                      How Much Does Car Insurance Cost in South Carolina? | thezebra.com

                      Cheap Auto Insurance Quotes in South Carolina (2021) | insurify.com

                      Cheapest Car Insurance in South Carolina: Everything You Need to Know | caranddriver.com

                      Full Coverage Insurance: Everything You Need to Know | caranddriver.com

                      Car Insurance | caranddriver.com

                      This content is created and maintained by a third party, and imported onto this page to help users provide their email addresses. You may be able to find more information about this and similar content at piano.io

 Source link

Back to top button
SoundCloud To Mp3