Wouldn't it be easy if we knew the one company that has the best auto insurance prices for teachers? It's just not that simple, as there are many unknown aspects like if you are a homeowner, how well you maintain your credit, if you are a good driver, and when you were born, that all help calculate your car insurance rates. In this article, we will teach you about these types of topics and also should give you a good start to your coverage search.
One of the more important things that help determine auto insurance rates is where your residence is in South Carolina. Areas with more people or even just a higher incidence of claims like Goose Creek, North Charleston, and Florence likely pay more, whereas areas with less crime or weather claims benefit from lower coverage costs.
The information below sorts the priciest cities in South Carolina for teachers to purchase car insurance in.
|Rank||City||Average Per Year|
|11||Hilton Head Island||$1,173|
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Premium costs are approximated as the specific geographic location can affect prices greatly.
The vehicle model that needs insurance is a large consideration when shopping around for cheap car insurance for teachers. Vehicles with lower performance, good crash test ratings, or a low likelihood of liability claims will cost quite a bit less to insure than higher performance models.
The next list ranks car insurance costs for a handful of the cheaper automobiles to insure in South Carolina.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Ford Escape XLT 2WD||$821|
|Honda CR-V LX 2WD||$827|
|Ford Edge SE 2WD||$901|
|Toyota Camry LE||$972|
|Ford F-150 SVT Raptor Super Cab 4WD||$990|
|Jeep Wrangler Sahara 4WD 2-Dr||$1,005|
|Ford Focus SES 4-Dr Sedan||$1,007|
|Honda Civic DX 4-Dr Sedan||$1,043|
|Nissan Altima Hybrid 4-Dr Sedan||$1,049|
|Chevrolet Impala LS||$1,043|
|GMC Sierra SLE Regular Cab 2WD||$1,064|
|Dodge Grand Caravan SXT||$1,084|
|Ford Fusion S 4-Dr Sedan||$1,097|
|Chevrolet Equinox LT 2WD||$1,106|
|Chevrolet Malibu Hybrid||$1,097|
|Toyota RAV4 Sport 2WD||$1,104|
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Premium data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and South Carolina minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Premium amounts do not factor in specific zip code location which can affect premiums noticeably.
Looking at the numbers, you can conclude that makes and models like the Ford Escape, Honda CR-V, Ford Edge, and Toyota Camry are a few of the most economical vehicles to insure for teachers and educators.
Rate difference between full and liability-only coverage
Finding cheaper car insurance is the goal of most drivers, and one good way to pay lower rates for insurance for teachers in South Carolina is to only buy liability coverage. The information below visualizes the comparison of insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data assumes no accidents or driving violations, $100 deductibles, single marital status, and no discounts are applied to the premium.
If we average the cost for all age groups, physical damage insurance costs $2,619 per year more than buying just liability insurance. That brings up the question when is the right time to remove full coverage. There is no clear-cut rule to eliminate physical damage insurance, but there is a general guideline you can use. If the annual cost of your full coverage insurance is more than about 10% of the vehicle's replacement cost less your deductible, then it might be time to buy liability only.
There are some situations where removing full coverage is not financially feasible. If you haven't paid off your loan, you have to keep full coverage to satisfy the loan requirements. Also, if you can't afford to buy a different vehicle in the even your car is totaled, you should maintain full coverage.
Discount South Carolina car insurance
Car insurance companies that offer coverage for teachers may also offer special discounts that could reduce prices by as much as 30% if you meet eligibility requirements. A list of companies and their possible discounts are detailed below.
- 21st Century includes discounts for air bags, teen driver, 55 and older, automatic seat belts, early bird, homeowners, and theft prevention.
- State Farm offers discounts for good student, defensive driving training, good driver, student away at school, safe vehicle, and accident-free.
- AAA has savings for multi-car, anti-theft, multi-policy, education and occupation, good student, AAA membership discount, and good driver.
- Liberty Mutual offers premium reductions for newly retired, new graduate, exclusive group savings, teen driver discount, multi-car, good student, and new vehicle discount.
- Progressive offers discounts including continuous coverage, good student, multi-policy, multi-vehicle, online signing, online quote discount, and homeowner.
The example below illustrates the difference between insurance rates with and without discounts applied. The data is based on a female driver, no claims, a clean driving record, South Carolina state minimum liability limits, comp and collision included, and $100 deductibles.
The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with passive restraint, multiple vehicle, vehicle safety, anti-theft, claim-free, and marriage discounts applied. When these discounts are applied to the policy premium, theaverage amount saved on car insurance for teachers is 28% or $690.
Ideas to find more affordable insurance for teachers in South Carolina
It's not impossible to find cheaper rates, and here are a few money-saving ideas that can help you get more affordable auto insurance.
- Increase your policy deductibles
- Buy your auto and home insurance from the same company and save
- Avoid accidents
- Improve your credit
- Do not get traffic tickets
- Try to not file small claims
- Shop around for cheaper prices often
The last tip is highly valuable, as was emphasized in the prior article. Coverage rates vary considerably, so drivers shouldn't be resistant to buy a different policy if a cheaper price is available.
Many consumers stick with the same company and that's fine, but is isn't recommended if it's costing you thousands of dollars over the life of your policy. Now is a great time to shop around to find cheaper car insurance for teachers.