South Carolina is home to many young drivers ages 19 and under, and while the cost of car insurance in the state is a bit below the national annual averages of $558 for minimum coverage and $1,512 for full coverage , road safety is often an issue of concern.
The South Carolina Department of Public Safety (SCDPS) found that South Carolina teen drivers were responsible for one crash-related injury or death that occurred every 1.4 hours. Additionally, distracted driving accounted for a significant portion of car crashes, leading to two crashes per hour on average.
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Regardless of the population you represent in the state – distracted drivers, teen drivers, or the 3.8 million licensed drivers overall on the roads – you probably want the most affordable auto insurance company South Carolina has to offer for you. You want to stay protected for you never know when a car accident may occur or if all parties involved will have enough coverage.
South Carolina is not a no-fault state, so insurance experts and agents recommend buying more than basic liability. Getting into an accident without proper coverage could leave you personally responsible for someone else’s injuries and medical bills and without coverage for your own damages.
The best car insurance 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.
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 may be wondering what level of coverage is enough. Unfortunately, it is quite easy to end up in a situation where the minimum coverage is inadequate. For example, a new Ford 350 XLT costs about $45,000, new. If you totaled such a truck, that would leave you liable 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 that reason, many insurance agents recommend more than minimal coverage.
The average cost of auto insurance in the US is $1,674 per year for full coverage and $565 per year for minimum coverage. Compared to national averages, South Carolina is just under $1,512 per year for full coverage and $558 per year for minimal coverage. However, these are only average rates and do not take into account your driving record, age, or zip code, all of which affect your rates.
How to get cheap car insurance in South Carolina
The best car insurance 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.
Shop around
The best way to find cheap auto insurance in South Carolina is to shop around first. All insurance companies use different pricing algorithms, which is why it is so common to get different quotes from two companies. Fortunately, auto insurance policies typically last only six months. This short duration allows auto insurance companies to re-rate, or revalue, your costs with your up-to-date driving record and personal information. If you’re considering a short-term auto insurance deal, keep in mind that short-term auto insurance deals are rare.
Some large auto insurance companies do not offer policies for less than six months. Since auto insurance is required by law in most US states, changing policies by the month can be risky. You also risk creating holes in your insurance history by changing policies frequently, leading to higher prices in the long run.
The six-month mark also serves as the perfect opportunity to reassess your situation by considering other auto insurers. Finding quotes online is quick and there is no penalty for changing insurance companies when your policy ends, or even in the medium term, as long as your cover doesn’t lapse.
After receiving several quotes, compare the discounts each one offers. Take note of the ones that apply to you and calculate the impact they would have on your premium. If the provider doesn’t advertise how much you’d save with a particular discount, contact an agent to find out.
Increase your deductible
Another option to lower your premium is to opt for a higher deductible. The main drawback to this is that you would receive a lower payment if you were in an accident and when you were in an accident, you would also have to be prepared to cover more out-of-pocket costs. So it’s always a good idea to have some money set aside in savings if you choose a high deductible.
Car Choice
Before you buy a car, check with your agent to see how much the rate is for the car you’ve chosen and whether the premium and car fit your budget.
Seize convenience of Multi-Car Discounts
Provided you secure a quote from an automobile indemnity company to guarantee a single vehicle, you might end up with a higher offer per vehicle than If you insure multiple cars with the same insurance company, you will probably qualify for a multi-car discount. This type of discount is an fine way to cancel the monetary value of insuring multiple vehicles.
Pay in full
Provided you can accommodate paying your yearly insurance premium upfront, you can likely gain a little abatement on your insurance. Most insurance companies also give discounts for paying bi-annually or every quarter, rather than monthly.
Credit score
Lastly, keep in mind that your credit score often influences the price of your premium. This is because there is a historical correlation between people with lower credit scores having more accidents and receiving more speeding tickets. In most credit-conscious states, raising your credit score can lower the cost of your auto insurance.
Talking with an insurance agent can help you navigate this process and make the right decisions for your needs.
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