Average Cost of Car Insurance in South Carolina

How much is car insurance in South Carolina?

Car insurance in South Carolina costs an average of $534 per year for minimum coverage and $1,542 per year for comprehensive full coverage. South Carolina's typical prices are lower than the national average, which is $622 for minimal coverage and $2,014 for full coverage each year.

However, keep in mind that the cost of auto insurance is controlled by a variety of circumstances. When getting auto insurance, the ZIP code you live in, your age, driving record, the make and model of the vehicle you drive, and the coverage types and levels you require all play a role.

Average car insurance costs in South Carolina by company

The average car insurance cost in South Carolina varies among insurance companies. After analyzing available data, it was found that American National P&C offers the lowest rates with an average annual premium at $473 making it an affordable option for residents. On the other hand, Bristol West has the highest rates with rates up to $2,827 every year. It's crucial for individuals to compare quotes from different providers to ensure they find the most cost-effective coverage for their needs.

Average car insurance costs by age in South Carolina

Car insurance costs in South Carolina vary by age. On average, 16-year-olds face higher premiums, with rates around $6,382 due to limited driving experience. Conversely, drivers aged 50 and above experience a decrease in premiums, paying an average of $1,550. Age significantly influences insurance pricing in the states

Average Car Insurance Premiums in South Carolina by Marital Status

Car insurance premiums in South Carolina differ by marital status. On average, married couples pay around $1,298 annually, while singles face higher premiums at about $1,377. This discrepancy is often due to statistical data suggesting that married individuals are perceived as lower-risk policyholders, leading to reduced insurance costs.

Average car insurance costs in South Carolina by vehicle type

Car insurance rates in South Carolina vary by vehicle type. The Toyota Camry often has lower premiums due to its safety features. The BMW 330i tends to have higher rates due to its luxury status. The Ford F-150 and Honda Odyssey fall within the average range. It's vital to consider these factors when determining insurance costs.

Average Car Insurance Cost in South Carolina for New Cars vs. Older Cars

Car insurance costs in South Carolina vary for new and older cars. On average, insuring a new car may cost around $1,915 annually, while older cars have lower premiums, averaging about $1,661. The higher actual cash value of new cars, representing their current market worth, contributes to elevated insurance rates. This is because replacing or repairing newer, more expensive vehicles can be pricier for insurance providers.

Average Car Insurance Costs in South Carolina by City

South Carolina's average car insurance cost varies by city. In general, rates range from $14,00 to $1,700 annually. Cities like Charleston may have lower rates, around $780, while North Charleston tends to be higher, averaging $1,450. Check with local providers for precise figures.

Average auto insurance rates for high-risk drivers in South Carolina

Auto insurance rates for high-risk drivers in South Carolina vary. Violations like DUI can spike premiums by 50-100%, reaching $2,075 yearly. On the lower end, speeding tickets may incur smaller increases, averaging around $1,500 annually.

How does a credit score affect car insurance rates in South Carolina?

In South Carolina, credit scores significantly impact car insurance rates. Individuals with high credit scores often enjoy lower premiums, with rates averaging around $900 annually. Conversely, those with low credit scores may face higher premiums, reaching an average of $1,800 per year.

How to save on car insurance in South Carolina?

There are several ways to save money on South Carolina auto insurance. Consider these cost-cutting suggestions to get the best bargain on auto insurance in your South Carolina city.

• Do an annual review: Regularly assess your policy to ensure it aligns with your current needs and adjusts as circumstances change, optimizing your coverage while avoiding unnecessary expenses.
• Get multiple quotes: Shop around and obtain quotes from various insurers to compare rates, allowing you to identify the most cost-effective options tailored to your specific requirements.
• Increase one or both your deductibles: Consider raising your deductibles, as higher deductibles typically result in lower premiums, providing potential savings over time.
• Know rates before you buy a car: Research insurance rates for different car models before making a purchase, as the type of vehicle can significantly impact insurance costs. Opting for a car with lower insurance premiums can lead to substantial long-term savings.
• Take advantage of discounts: Inquire about available discounts, such as safe driver discounts, multi-policy discounts, or discounts for safety features in your vehicle. Utilizing these opportunities can further reduce your overall car insurance expenses.