The cost of car policy is steadily increasing, excessively, both in South Carolina and countrywide. As the cost of providing insurance goes up, the premiums insurers charge besides ascend. All cover drivers share the increasing cost of policy. That is why your rates tend to go up every clock your policy is renewed, careless of whether any individual factors—like your drive record or location—have changed .
There are several unique reasons why cable car indemnity goes up every year in South Carolina, besides, evening if your details remain the like .
Top Reasons Car Insurance Is Expensive in South Carolina
- People in South Carolina are driving more.
As a consequence, the total of accidents, claims, and payouts is rising, besides. In South Carolina, there were approximately 924 fateful crashes in 2018, versus 824 fateful crashes in 2014.
- South Carolina auto repairs are getting more expensive.
Another cause South Carolina car insurance is getting more expensive is that cars are becoming more expensive to repair. In 2016, the average cost of car repairs in South Carolina was $ 922.66, astir from $ 772.14 in 2012. Vehicles today cost more to repair due to all the technology and features inside them now .
- People in South Carolina drive uninsured.
As the cost of car indemnity continues to rise, more drivers take the risk of driving without car insurance. In 2015, 9 % of drivers lacked even minimum liability insurance in South Carolina. The monetary value of uninsured drivers is passed on to consumers through higher premiums .
- Healthcare in South Carolina is getting more expensive.
car policy companies are hit hardest when paying out claims involving medical bills, and it ’ s not getting any cheaper. Healthcare outgo increases by an average of 6.6 % every class in South Carolina .
- South Carolina is experiencing more severe weather.
In South Carolina, severe weather events like severe storms, winter storms, and droughts are becoming increasingly common. These weather events cause insurers to pay out a higher act of claims, which tend to be more expensive and less predictable. As a resultant role, they have to raise rates to keep pace .
however, there could be other issues elevating your rates.
If your tug record is clean and your rates are still high, your car insurance might be expensive because of your :
Age. Drivers under 25 and older than 65 yield more for car coverage because they are statistically more likely to be involved in serious and fateful accidents. In South Carolina, 16-year-old drivers pay an average of $ 6,537, 25-year-old drivers pay an average of $ 2,041, and people over 65 pay an average of $ 1,590 .
Location and driving patterns. Population-dense cities have higher premiums than rural areas because city living normally means more accidents, more property crime, and more frequent claims. In South Carolina, the most expensive locations for indemnity are Walterboro, Moncks Corner, and North Charleston. You can besides expect rates to change based on your driving patterns—long commutes or unconstipated drive in bad areas can cost you .
Financial responsibility. In South Carolina, drivers with no credit pay 57 % more on their premiums than drivers with excellent credit. You can besides demonstrate fiscal responsibility by maintaining minimum car insurance with no gaps in coverage. Letting your coverage relapse could raise your rate by deoxyadenosine monophosphate much as 9 % in South Carolina, when you get your adjacent policy .
Claims history. You should avoid filing small claims that can drive up your premiums. In South Carolina, the average collision call raises a driver ’ sulfur rates by $ 639.20, which amounts to $ 1,918 over the course of three years. If you have a $ 500 deductible and a $ 1,500 title, you ’ ll end up paying $ 2,418 through insurance, versus $ 1,500 out of pocket. In that event, filing a title is not the best option.
How to Get Cheaper Car Insurance in South Carolina
multiple factors affect the price of cable car insurance. Some things you can ’ t control condition, but you do have a order in most of the lend factors. Driving safely, obeying traffic laws, and keeping a clean drive phonograph record are the best ways to keep your insurance costs down .
other than that, the best way to lower your car indemnity costs is to compare rates from at least three indemnity companies. ideally, you should check your rates every 6-12 months, when you renew your policy. But at a minimal, be certain to check your record and shop for rates every three to five years, since you may be able to get a lower rate if a traffic violation falls off your record .
In South Carolina, the most expensive policies cost roughly $ 1,528, and the least expensive coverage costs around $ 1,030, when all driver profile information is the same. That means you could save angstrom much as $ 498 simply by shopping about. Be indisputable to confirm you ’ re getting all the discounts you ’ re eligible for, excessively.