Cheapest Car Insurance in South Carolina for 2022 | Bankrate

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The cheapest car insurance companies in South Carolina

Based on our study, cheap cable car indemnity companies in South Carolina are abundant, but depending on your circumstances, some rates may be lower with certain providers. To help in your search to find bum car policy in South Carolina, Bankrate compared companies by reviewing quoted annual premiums from Quadrant Information Services and third-party sources and identified the cheapest carriers with excellent fiscal lastingness and customer satisfaction ratings.

The cheapest companies for minimum coverage in South Carolina

Minimum coverage car indemnity is normally the most low-cost character of car indemnity you can get. however, the rates are low because you are opting for the least sum of coverage. If you want to buy a minimum coverage policy from one of the cheapest car policy companies, Bankrate ’ sulfur study found these five providers have the cheapest modal annual rates in South Carolina :

Car insurance company Average annual minimum coverage premium Average monthly minimum coverage premium
American National $227 $19
Geico $396 $33
Auto-Owners $424 $35
Allstate $433 $36
Travelers $460 $38

The cheapest companies for full coverage in South Carolina

In South Carolina, broad coverage car insurance policies – which include comprehensive and collision coverage – are typically more expensive than minimal coverage policies because of the greater degree of fiscal protection they provide. however, drivers can calm find full coverage policy at an low-cost price by comparing insurance company quotes to find the best deal. In our study, we found the companies below are the cheapest companies for full coverage car insurance in South Carolina, although your specific quote may be more or less than these averages :

Car insurance company Average annual full coverage premium Average monthly full coverage premium
American National $505 $42
Travelers $1,141 $95
Geico $1,203 $100
Nationwide $1,326 $111
Auto-Owners $1,342 $112

Events that can impact your cheap rates in South Carolina

Most drivers will find that their car indemnity rates fluctuate as life circumstances change. certain events can cause your rate to increase temporarily, but time or precautionary measures may help you obtain lower rates. here are some situations that can lead to a more expensive car insurance premium :

  • Adding a teen driver to your policy: Due to a lack of driving experience, having a teen driver on your policy can cause your rate to increase significantly. Teens are more likely to get into accidents, leading insurers to charge higher rates to compensate for claim payouts. However, your rate will eventually start to drop as the driver gets older and builds a track record of safe driving. In addition, discounts for good students or safe driving can help provide savings.
  • Getting a speeding ticket: A speeding ticket typically stays on your driving record for three to five years and can lead to rate increases for the duration of that period. After that period ends, the violation will be removed from your record, and your rate may decrease at your next renewal period. Practicing safe driving can keep rates low or qualify you for additional discounts from some insurers.
  • Causing an accident: Getting into an accident can have an impact on car insurance premiums, especially if you are at fault for the collision. Most collisions stay on your record for about five years, during which time your insurance premium will be higher.
  • Being a high-risk driver: High-risk drivers often pay the highest car insurance rates, as they are the most likely to lead to a claim and payout from the insurer. You might be considered a high risk driver if you have been convicted of a DUI, were caught driving uninsured or even if you have bad credit (in many states). If you find yourself in the high risk category, it will likely affect the way you shop for cheap car insurance due to carrier eligibility restrictions for coverage or competitive rates.

Cheapest cities in South Carolina for minimum coverage

Your localization is one of the most impactful factors when it comes to the price of your car insurance. Some cities in South Carolina have much cheaper rates than other areas. If you move to a modern city, it can be an effective strategy to shop around for indemnity to see if you can qualify for a lower rate in a specific ZIP code. In the table below, you can compare average annual rates from some of the cheapest cities in South Carolina for minimal coverage indemnity. A more comprehensive number of cities is included in our study of the median cost of car policy in South Carolina .

City Average annual minimum coverage premium Average monthly minimum coverage premium
Salem $420 $35
Walhalla $423 $35
Mountain Rest $423 $35
West Union $430 $36

Cheapest cities in South Carolina for full coverage

Full coverage car policy rates are besides impacted by ZIP code. You may find that full coverage premiums are more expensive in areas that have higher rates of cable car larceny, more expensive costs of living or higher vehicle repair costs. Based on our sketch, these cities have the cheapest full moon coverage policies, on average, in South Carolina :

City Average annual full coverage premium Average monthly full coverage premium
Walhalla $1,209 $101
Seneca $1,209 $101
West Union $1,217 $101
Salem $1,217 $101

Minimum coverage requirements for South Carolina drivers

Drivers in South Carolina are legally required to carry cable car insurance. failure to carry policy that meets minimum requirements can lead to steep fines or penalties. South Carolina ’ s minimal car policy requirements include :

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

Underinsured motorist coverage must be offered but can be declined in writing. The cheapest car indemnity in South Carolina is associated with a minimum coverage policy. however, most drivers are encouraged to purchase broad coverage policy because it provides a greater degree of fiscal protection from a dearly-won loss. robust policies include fiscal security for your vehicle, such as collision and comprehensive examination, deoxyadenosine monophosphate well as checkup payments coverage. If you lease or finance your vehicle, most lenders require a fully coverage policy .

Here is how to find (and keep) cheap car insurance in South Carolina

Finding bum cable car insurance in South Carolina is most effective when you do your inquiry and compare quotes from at least three insurers. however, maintaining a low rate is fair adenine important for those with budgetary concerns. here are several tips for getting and keeping an low-cost car indemnity premium in South Carolina :

  • Look for discounts. Most car insurance providers in South Carolina offer discounts that can help drivers get a lower rate. Availability can vary by provider, but common car insurance discounts include savings for good students, safe drivers, bundling policies, insuring multiple vehicles and paying your premium in full.
  • Adjust your coverage limits as necessary. As your vehicle loses value over time, or as your circumstances change, your coverage needs may change. For example, if your collision and comprehensive insurance premium becomes more expensive than the value of your vehicle, you could discuss with an agent whether it’s in your best financial interest to drop full coverage insurance and save on your premium.

Frequently asked questions

What is the best car insurance in South Carolina?

The best cable car indemnity in South Carolina depends on the priorities of each driver. Researching options, comparing quotes and discovering discounts are all ways to find the best provider for you .

What is the average cost of car insurance in the U.S.?

The average cost of car indemnity in the U.S. is $ 1,674 per year for entire coverage and $ 565 per year for minimal coverage. Compared to home averages, South Carolina is equitable a sting cheaper at $ 1,512 per class for full coverage and $ 558 per year for minimum coverage. however, the cost of your cable car insurance will typically vary based on rate factors like your motor vehicle record, age or ZIP code, among early variables .

Is South Carolina a no-fault state?

No, South Carolina is not a no-fault submit. It is an at-fault state, which is why purchasing more than basic indebtedness is by and large recommended by indemnity experts and agents. Causing a collision without adequate cable car policy coverage could leave you personally creditworthy for dearly-won damages and injuries sustained by others or yourself .

Does car insurance get cheaper as I get older?

car indemnity premiums gradually start to decrease as you get older. typically, young drivers who are newly licensed pay the highest premiums. Your agio will typically start to get less expensive as you get older, provided you have a clean drive record, have not filed multiple claims and do not have a poor people insurance-based credit rating score. On the other end of the spectrum, insurers typically start to increase rates for drivers over the historic period of 70.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following broad coverage limits :

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimal coverage limits, Bankrate used minimum coverage that meets each department of state ’ s requirements. Our base profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually. These are sample distribution rates and should only be used for comparative purposes .

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