Cheapest Car Insurance Quotes in Waterloo

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Waterloo Car Insurance

^$ 23

/mo

Written by Sara Sam

Edited by Renee Martin

Why you can trust Way?

The auto insurance rates published in this guide are based on the results of research completed by Way’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes. These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with Way.

Table of Contents

How Much Is Car Insurance in Waterloo

The car insurance rate in Waterloo is $680 for a six-month policy, which is $76 lower than the higher than the state average. Root Insurance Company offers the lowest rates in the city at $305, making it a popular choice for budget-conscious drivers. Rates in Waterloo can vary depending on your age, driving record, and coverage level, so not every driver will pay the same amount. Choosing a higher deductible, maintaining a clean driving history, and comparing quotes from multiple insurers can help you find better deals and save money over time.

Avg. Car Insurance in Waterloo

$680

Avg. Car Insurance in South Carolina

$756

National Average

$1140

Cheapest Car Insurance Companies in Waterloo

1st place: American National P&C

At $305 for a six month policy, American National P&C offers the cheapest auto insurance rates in the city.

2nd place: South Carolina Farm Bureau

South Carolina Farm Bureau offers auto insurance rates at $396 for a six-month policy, making it one of the cheapest to insure with.

3rd place: American National

American National offers auto insurance rates at $438 for six months, making it the third cheapest auto insurance company in Waterloo.

Waterloo Car Insurance Rates by Company

Based on our research, the cheapest car insurance company in Waterloo, SC is American National P&C, offering policies at just $305 for a six-month term. This is followed by South Carolina Farm Bureau, which has an average six-month premium of $396.

At the higher end of the spectrum, State Farm is the most expensive, with rates reaching $946 for a six-month policy. Rates can vary widely by driver, but comparing quotes from multiple companies can help Waterloo drivers find the best deals.

Cheap Car Insurance Companies in Waterloo, SC

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
American National P&C	$305	$52
South Carolina Farm Bureau	$396	$66
American National	$438	$74
Auto-Owners Insurance Co	$455	$76
American Family	$689	$117
Farm Bureau	$695	$116
Encompass	$711	$121
Auto-Owners	$770	$130
USAA	$770	$130
Travelers	$797	$134
Progressive	$807	$136
Nationwide	$845	$140
Allstate	$904	$152
State Farm	$946	$159

Key Takeaways

Way's key takeaways about car insurance in Waterloo

The auto insurance costs in Waterloo fall around $305 for six months.
The cheapest auto insurance company in Waterloo is American National.
Teen drivers pay the highest rate in Waterloo at $24 per month.

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Cheapest Minimum Liability Car Insurance in Waterloo

Since car insurance is a critical requirement for owning a car, you must have minimum liability car insurance. The cheapest car insurance companies for minimum coverage in Waterloo are given below.

American National provides the cheapest minimum car insurance coverage in Waterloo. Their Average 6 Month Premium is $134. State Farm is the most expensive at $428 for the same period.

Cheapest Liability Coverage in Waterloo, SC

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
American National	$134	$23
American National P&C	$166	$28
Encompass	$198	$33
USAA	$198	$33
South Carolina Farm Bureau	$214	$36
Auto-Owners Insurance Co	$240	$41
American Family	$294	$50
Progressive	$305	$51
Auto-Owners	$326	$55
Farm Bureau	$331	$55
Travelers	$364	$61
Allstate	$374	$63
Nationwide	$406	$69
State Farm	$428	$72

Cheapest Full Coverage Car Insurance in Waterloo

One might think that minimum coverage is only required when insuring your car insurance. However, having full coverage car insurance in any city is certainly a wise choice as it offers better coverage and protection. Our best pick for the cheapest auto insurance quotes in Waterloo is American National P&C at $52 per month and $305 for six months.

Cheapest Full Coverage Car Insurance Quotes in Waterloo, SC

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
American National P&C	$305	$52
South Carolina Farm Bureau	$396	$66
American National	$438	$74
Auto-Owners Insurance Co	$455	$76
American Family	$689	$117
Farm Bureau	$695	$116
Encompass	$711	$121
Auto-Owners	$770	$130
USAA	$770	$130
Travelers	$797	$134
Progressive	$807	$136
Nationwide	$845	$140
Allstate	$904	$152
State Farm	$946	$159

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Average Car Insurance in Waterloo by Rating Factor

The car insurance rates for two people under the same ZIP code will mostly be different. This is mostly because insurance rates are calculated based on several rating factors. These rating factors include the driver's age, gender, marital status, driving and claims history, credit score, location, type of vehicle, and coverage levels.

I have a clean driving record. Why is my car insurance rate here in Waterloo, SC increasing?

Despite maintaining a clean driving record, your car insurance rates in Waterloo, South Carolina, may be increasing due to several external factors. South Carolina has experienced significant rate hikes recently, with average premiums rising by 25.5% in 2023, largely attributed to higher claims volumes and inflation.

Additionally, Waterloo's high urban population density, raised auto theft rates, and frequent natural disasters contribute to increased insurance costs.

Car Insurance Premiums by Age in Waterloo

It is quite evident why teen drivers pay the highest car insurance rates in any city. Their lack of experience and increased accident rates make them a highly risky category. However, as you grow older, your car insurance rates will decrease. So, it is better to not have separate policies for teens; instead, add them to their parents' policies.

Cheapest Car Insurance Companies Based on Age Group

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Cheapest Car Insurance Rates for Teen Drivers in Waterloo,SC

If you are planning to get a car insurance policy for your teenage dependent, American National P&C provides the cheapest car insurance in the Waterloo at $32 per month. At $144 for a six-month premium, American National offers the most expensive rate for teen drivers.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
American National P&C	$193	$32
South Carolina Farm Bureau	$278	$48
Auto-Owners Insurance Co	$305	$50
American Family	$331	$57
Travelers	$1198	$202
Farm Bureau	$1283	$218
Allstate	$1582	$266
USAA	$1588	$267
Auto-Owners	$2085	$351
Progressive	$2251	$379
State Farm	$2347	$395
Nationwide	$3064	$521
American National	$144	$24

Teen Car Insurance Rates in SC by Age

Car Insurance Rates by Credit Score & Driving History

Similar to your driving history, your financial history also plays a key role in determining your auto insurance rates. A low credit score would mean a lapse in payment and increased chances of filing claims, which results in higher auto insurance rates. Therefore, the higher the credit score, the lower the car insurance rates will be.

Cheapest Car Insurance Companies for Bad Credit

For those with poor credit scores in Waterloo, South Carolina Farm Bureau is the cheapest car insurance provider. At $401 for a six-month premium, they offer the best rates in the city. The most expensive auto insurance rate for drivers with bad credit in Waterloo is State Farm, offering rates of around $3336 for six months.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
South Carolina Farm Bureau	$401	$67
American National P&C	$562	$95
American Family	$642	$107
Auto-Owners Insurance Co	$673	$114
USAA	$860	$143
Progressive	$1005	$169
Travelers	$1026	$173
Allstate	$1155	$194
Farm Bureau	$1251	$209
Nationwide	$1289	$219
Auto-Owners	$1989	$331
State Farm	$3336	$567

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Car Insurance Rates with An Accident in Waterloo

Both accidents and the resulting increase in insurance rates are often beyond our control. When you’re involved in an accident, you become riskier to insure, consequently increasing the rates. In Waterloo, SC, accidents can lead to significant hikes in your premiums.

Cheapest Car Insurance Companies after an At-Fault Accident in Waterloo

The cheapest car insurance companies after an at-fault accident in Waterloo include American National and American National P&C, offering $171 and $220, respectively. Allstate is an expensive provider with an average six-month premium of $1647.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
American National	$171	$29
American National P&C	$220	$37
Encompass	$246	$41
South Carolina Farm Bureau	$273	$47
American Family	$305	$50
Auto-Owners Insurance Co	$347	$59
Farm Bureau	$770	$130
Travelers	$780	$131
USAA	$807	$136
Auto-Owners	$866	$146
Progressive	$1069	$180
State Farm	$1251	$211
Nationwide	$1631	$272
Allstate	$1647	$277

Waterloo Car Insurance Rates by Violation

Here is a list of driving violations that can increase your car insurance rates in Waterloo SC. For example, the car insurance in Waterloo after a DUI increases to $626 for a six month policy. While the rate increases by $273 for a six-month policy in the case of a speeding ticket.

Waterloo auto insurance quotes by violations

Accident/Violation	Avg. 6 Mo Premium	Avg. Monthly Premium
None	$1080	$180
One Med/PIP claim	$1080	$184
Not-at-fault accident	$1139	$190
Two Med/PIP claims	$1149	$195
One comp claim	$1155	$193
Two comp claims	$1193	$203
Failure to wear a seat belt	$1235	$206
Child safety restraint	$1262	$214
Driving without lights	$1262	$211
Failure to show documents	$1273	$216
Failure to yield	$1310	$219
Failure to stop at a red light	$1315	$223
Driving too slowly	$1353	$225
Speeding 6 - 10 MPH over limit	$1353	$230
Speeding in school zone	$1353	$225
At-fault accident - less than $1000	$1358	$231
In 65 MPH zone	$1358	$226
Driving with expired registration	$1364	$232
Following too closely	$1364	$227
Illegal turn	$1364	$232
Speeding 11 - 15 MPH over limit	$1364	$227
Wrong way/wrong lane	$1364	$232
Cell phone violation	$1369	$228
Texting while driving	$1369	$233
Improper passing	$1374	$229
Operating a vehicle without permission	$1374	$234
Speeding 16 - 20 MPH over limit	$1374	$229
Speeding 21 - 25 MPH over limit	$1374	$234
Passing school bus	$1395	$232
Open container	$1406	$239
At-fault accident - $1000-$2000	$1551	$258
At-fault accident - greater than $2000	$1551	$264
Refusal to submit to a chemical test	$1684	$281
DUI	$1706	$290
Reckless driving	$1748	$292
Driving with a suspended license	$1753	$298
Racing	$1759	$293
Leaving scene of an accident/hit and run	$1818	$309

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Way Tip

Avoid Having A DUI On Your Driving Record.

A DUI can increase your car insurance rates—by $5,000 to $10,000 over five years. Speeding, reckless driving, and at-fault accidents also raise rates, staying on your record for 3–5 years, while DUIs/DWIs can impact you longer.

Car Insurance Rates in Waterloo after a DUI

There may have been times when you drank but chose not to drive—a smart and responsible decision, as most states treat DUIs as a serious offense. Your car insurance rates can double after a DUI charge, making it harder to find affordable coverage in Waterloo.

The cheapest car insurance premiums in Waterloo are offered by American National P&C at $246 for a six-month policy. However, it can be as expensive as $209 with companies like American National.

Waterloo car insurance quotes with a DUI

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
American National P&C	$246	$41
American Family	$257	$43
South Carolina Farm Bureau	$262	$44
Auto-Owners Insurance Co	$545	$93
Farm Bureau	$647	$109
Travelers	$775	$131
Progressive	$807	$136
USAA	$850	$143
State Farm	$989	$167
Allstate	$1133	$191
Auto-Owners	$1422	$237
Nationwide	$1556	$265
American National	$209	$35

Cheapest car insurance after a speeding ticket

One of the easiest ways to save money on car insurance is to stay within the speed limit. After a speeding violation, the cheapest car insurance premiums in Waterloo are offered by American National P&C at $220. However, it can be as expensive as $1011 with companies like Nationwide for a similar six-month premium.

Cheapest Car Insurance in Waterloo after Speeding ticket

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
American National P&C	$220	$37
South Carolina Farm Bureau	$246	$41
Auto-Owners Insurance Co	$273	$45
American Family	$311	$53
Auto-Owners	$653	$109
USAA	$679	$115
State Farm	$700	$118
Farm Bureau	$759	$129
Travelers	$775	$131
Progressive	$840	$141
Allstate	$968	$163
Nationwide	$1011	$172

Car Insurance Price Trends in Waterloo, South Carolina

Car insurance rates in Waterloo have fluctuated due to factors such as state regulations, inflation, and changing driving habits.

The average cost of full coverage in the Waterloo rose by $157 in December compared to $155 of November. In other words, there has been an increase by $2 when you compare December and November.

The average cost of liability insurance in the Waterloo rose to $52 in December, compared to $50 in November. This represents an increase of $2 when comparing December and November.

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Frequently Asked Questions

How much is car insurance in Waterloo?

The car insurance in Waterloo is $23 per month, which is lower than the national average.

What is the cheapest car insurance in Waterloo?

The cheapest car insurance in Waterloo is $52 per month for full coverage.

How much is car insurance in Waterloo for teenagers?

Car insurance for teenagers costs $193 per 6 months. The rates for teen drivers are higher due to their lack of experience as drivers.

What's the average cost of car insurance in Waterloo?

The average cost of car insurance is $756 for a six-month policy. It will cost around $114 per month to insure your car in Waterloo.

Is car insurance expensive in Waterloo?

Car insurance can be expensive in Waterloo if your rating factors are not favorable. However, with a clean driving record and good credit score, car insurance rates in Waterloo can be affordable.

What is the best car insurance in Waterloo, SC?

The best car insurance company in Waterloo SC is American National P&C, offering $305 for a six-month policy.