The average cost of car insurance varies state-by-state, but based off Bankrate’s research of average rates by various providers in South Carolina, drivers in this state can expect to pay around $529 a year for minimum coverage, and $1,427 yearly for full coverage.
Compared to other states, these are not the most competitive, nor the steepest rates in the nation.
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South Carolina drivers pay more than other states for a few reasons. First and foremost, it has a lot of licensed drivers crowding the roads; 3,683,824 according to the Federal Highway Administration’s latest report. And with so many drivers on the road, there are a high corresponding number of traffic fatalities each year. In 2018 alone, South Carolina lost 1,036 people to roadside collisions. It should come as no surprise then that there were a total of 142,406 auto insurance claims in that year as well. However, finding competitive rates in South Carolina is still possible if you research options and compare quotes.
The Cheapest Car Insurance in South Carolina
Finding the cheapest car insurance in South Carolina often boils down to which national company offers the best discounts. Smaller companies are sometimes able to compete, but more often than not they can’t compete with the prices of a national provider nor the savings they offer via discounts. This is the case with South Carolina.
On average, the following five companies offer South Carolinians the lowest annual premiums:
|Car Insurance Company||Average Annual Premium for Minimum Coverage||Average Annual Premium for Full Coverage|
Because of its size, Geico is able to offer the cheapest auto insurance in South Carolina for basic liability, even aside from its extensive list of discounts. With discounts, many people will see the above numbers go down even further, since Geico’s discounts offer significant savings. For example, if you insure multiple vehicles through Geico, you can save up to 25% on your premium. Have a full-front seat air bag system in your car? You could save an additional 40%. The list of available discounts is extensive, and can give you a good idea what to expect based on what you’ll qualify for.
Allstate is a national company that consistently receives positive ratings from companies like J.D. Power (an independent company that measures customer satisfaction). This is a significant advantage, in conjunction with all of the ways you can lower your premium with Allstate. One of those options is to join Allstate’s Safe Driving Club. Through the Safe Driving Club, Allstate analyzes your driving habits and will provide a monthly discount based on positive driving data.
Although Auto Owners may not be as well known as some of the other companies on this list, it’s certainly worth consideration. Auto-Owners offers a host of discounts to help you save on your auto insurance, but the ones that stand out the most revolve around students. If you or your student maintains a ‘B’ average, you could save up to 20% each month. Sign up for the teen monitoring discount and Auto Owners will give you a discount each month, based on GPS-tracked safe driving practices
USAA is only available to active and retired military members, as well as their immediate family. If this applies to you, you’re in luck. USAA is considered to be one of the best insurance companies in the nation. It offers extremely low premiums to its members, and consistently scores top marks in J.D. Power studies.
The only downside to USAA is that it doesn’t offer that much in the way of discounts, but the ones it does offer are easily obtainable and highly applicable to military personnel. USAA offers a few discounts that help out service members who are currently deployed. For example, if your car is garaged, you can save up to 15% on a comprehensive policy….Read More>>