Pricey car insurance in Goose Creek can draw down your accounts and put the squeeze on your family's finances. Comparing rates annually is free and is an excellent way to make sure you're not throwing money away.
Astonishing but true according to a recent study, the majority of drivers kept their policy with the same company for well over three years, and approximately 40% of consumers have never compared quotes from other companies. U.S. drivers can save 46.5% each year by just comparing rate quotes, but they don't believe how much they could save if they switched.
Because there are so many choices of insurance companies, it can be hard to locate the lowest price insurance company.
Choosing the best rates in Goose Creek can be easy if you know a few tricks. In essence, every person who buys auto insurance stands a good chance to be able to reduce their rates. But South Carolina car owners do need to know the methods companies use to determine what you pay because it can help you find the best coverage.
Make smart decisions and save money
Part of the insurance buying process is learning some of the factors that play a part in calculating your insurance rates. If you have some idea of what influences your rates, this enables informed choices that can help you get lower premium levels. Many different elements are used when quoting car insurance. Some are pretty understandable such as your driving record, but others are not quite as obvious like your continuous coverage or your financial responsibility.
Insurance prices and vehicle performance - The make and model of the vehicle you own makes a huge difference in your premium level. Lower cost passenger vehicles receive the most favorable rates, but other factors influence the final cost greatly.
Marriage reduces risk - Walking down the aisle actually saves money on your insurance policy. Having a significant other usually means you are more mature than a single person and insurance companies like that married drivers tend to have fewer serious accidents.
Responsible credit saves on insurance - An insured's credit score can be a huge factor in your rate calculation. So if your credit history is not that good, you could potentially save money when insuring your vehicle by taking the time to improve your credit score. Drivers with excellent credit tend to be better risks to insure than drivers with lower credit ratings.
Cheaper rates with safer cars - Cars with high safety ratings can get you lower premiums. Highly rated vehicles result in less severe injuries and lower injury rates translates into fewer and smaller insurance claims and lower rates for you. If your car or truck earned at least four stars on Safercar.gov or an "acceptable" rating on iihs.org it may cost less to insure.
High premiums for teenage drivers - Older drivers are shown to be more cautious, cause fewer claims and accidents, and are safer drivers.Young drivers have a tendency to be less responsible in a vehicle therefore insurance rates are much higher.
Keep in mind that quoting more helps you find lower pricing. Some regional insurers cannot provide online price quotes, so it's necessary to compare price quotes from the smaller companies as well.
The following companies can provide free quotes in Goose Creek, SC. If multiple companies are listed, we recommend you visit as many as you can in order to get a fair rate comparison.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Equinox LT AWD||$918||$459||$77|
|Chevrolet Silverado LTZ Extended Cab 4WD||$1,284||$642||$107|
|Dodge Grand Caravan CV||$1,108||$554||$92|
|Dodge Ram Quad Cab Sport 2WD||$1,560||$780||$130|
|Ford Escape XLS 4WD||$998||$499||$83|
|Ford Explorer XLT 4WD||$1,012||$506||$84|
|Ford F-150 Lariat King Ranch 4WD||$1,486||$743||$124|
|Ford Focus SEL 4-Dr Sedan||$1,072||$536||$89|
|GMC Sierra SLT Extended Cab 4WD||$972||$486||$81|
|Honda Accord EX-L 2-Dr Coupe||$1,180||$590||$98|
|Honda CR-V EX-L 2WD||$1,030||$515||$86|
|Honda Civic EX-L 2-Dr Coupe||$1,816||$908||$151|
|Nissan Altima 2.5 S 2-Dr Coupe||$1,172||$586||$98|
|Nissan Rogue S 2WD||$1,228||$614||$102|
|Toyota Camry Hybrid||$1,338||$669||$112|
|Toyota Corolla S||$1,122||$561||$94|
|Toyota Tacoma 2WD||$1,008||$504||$84|
|Get Your Own Custom Quote Go|
Cost estimates assume single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and South Carolina minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Rate quotes do not factor in vehicle location which can raise or lower auto insurance rates greatly.
Can higher deductibles save money?
A question often asked by Goose Creek drivers is which deductible level should you buy. The comparison tables below can help you understand the premium difference when you select higher and lower policy deductibles. The first price estimate table uses a $250 deductible for physical damage and the second price table uses a $500 deductible.
Hyundai Elantra rates are for example purposes only. To get rates for your specific vehicle, click here.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Elantra GLS Touring Station Wagon||$230||$366||$290||$18||$86||$1,015||$85|
|Elantra Blue 4-Dr Sedan||$230||$524||$342||$20||$102||$1,243||$104|
|Elantra GLS 4-Dr Sedan||$264||$524||$342||$20||$102||$1,277||$106|
|Elantra SE 4-Dr Sedan||$264||$524||$342||$20||$102||$1,277||$106|
|Elantra SE Touring Station Wagon||$264||$444||$290||$18||$86||$1,127||$94|
|Get a Quote for Your Vehicle Go|
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Elantra GLS Touring Station Wagon||$186||$294||$290||$18||$86||$874||$73|
|Elantra Blue 4-Dr Sedan||$186||$422||$342||$20||$102||$1,072||$89|
|Elantra GLS 4-Dr Sedan||$214||$422||$342||$20||$102||$1,100||$92|
|Elantra SE 4-Dr Sedan||$214||$422||$342||$20||$102||$1,100||$92|
|Elantra SE Touring Station Wagon||$214||$358||$290||$18||$86||$966||$81|
|Get a Quote for Your Vehicle Go|
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and South Carolina minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Price information does not factor in specific location information which can increase or decrease coverage rates substantially.
Based on this data, we can arrive at the conclusion that using a $250 deductible will cost you roughly $14 more each month or $168 every year than opting for the higher $500 deductible. Since the policyholder would be required to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you normally go at a minimum 18 months between claims, you would save money by selecting a higher deductible.
Full coverage versus liability only rates
The information below illustrates the difference between Ford Fusion car insurance rates with full coverage and liability only. The price estimates are based on no claims or driving violations, $1,000 deductibles, married male driver, and no discounts are taken into consideration.
Ford Fusion rates are for example purposes only. To get rates for your specific vehicle, click here.
When to buy liability coverage only
There is no clear-cut rule of when to eliminate physical damage coverage on your policy, but there is a general guideline you can use. If the annual cost of coverage is more than 10% of the vehicle's replacement cost less your deductible, then it could be time to drop full coverage.
For example, let's assume your Ford Fusion replacement cost is $9,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, you would only receive $8,000 after you pay the deductible. If premium cost is more than $800 a year to have full coverage, then it might be time to buy liability only.
There are some cases where eliminating full coverage is not advised. If you haven't paid off your loan, you have to keep full coverage to satisfy the loan requirements. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should keep full coverage on your policy.
Be skeptical of car insurance ads
Car insurance companies such as State Farm, Allstate and GEICO constantly bombard you with ads in print and on television. All the ads advertise the message about how much you will save if you move your coverage to them. How can each company charge you less for auto insurance?
Car insurance companies give the cheapest rates for the driver that earns them the highest profit. For instance, a profitable customer could possibly be over the age of 50, insures multiple vehicles, and drives a lower-performance vehicle. Any new insured who matches those parameters receives the best prices in Goose Creek and as a result will probably cut their car insurance rates if they switch.
Potential customers who fall short of the "perfect" profile may receive more expensive rates and this can result in the customer not purchasing. The ads say "people who switch" not "everybody who quotes" save that much money. That is how companies can truthfully advertise the savings. Because every company is different, drivers must compare as many free Goose Creek car insurance quotes as you can. Because you cannot predict which insurance companies will have the best car insurance in Goose Creek.
Why do I need car insurance?
Even though rates can get expensive, insuring your vehicle is not optional due to several reasons.
- Just about all states have minimum liability requirements which means you are required to carry a specific level of liability in order to drive the car. In South Carolina these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you have a lien on your vehicle, it's most likely the lender will force you to buy full coverage to guarantee payment of the loan. If you do not keep the policy in force, the lender may insure your vehicle at a much higher premium rate and force you to pay the higher price.
- Car insurance protects both your assets and your car. It will also pay for medical expenses for both you and anyone you injure as the result of an accident. Liability coverage, the one required by state law, will also pay attorney fees in the event you are sued. If your vehicle suffers damage from an accident or hail, your car insurance policy will pay to repair the damage minus the deductible amount.
The benefits of carrying adequate insurance greatly outweigh the cost, particularly when you have a large claim. According to a 2015 survey, the average American driver overpays more than $850 per year so compare rate quotes at least once a year to help ensure money is not being wasted.
Earn discounts to get lower-cost Goose Creek car insurance quotes
Some insurance providers don't list every possible discount in an easy-to-find place, so the list below details some of the best known and also the lesser-known ways to save on car insurance.
- Federal Government Employee - Being employed by or retired from a federal job may reduce rates when you quote Goose Creek car insurance depending on your car insurance provider.
- Active Service Discounts - Being deployed in the military may qualify for rate reductions.
- Defensive Driver - Successfully completing a course in defensive driving could possibly earn you a 5% discount and also improve your driving technique.
- Multi-car Discount - Insuring all your vehicles on a single policy can get a discount for every vehicle.
- Professional Memberships - Participating in qualifying employment or professional organizations could earn you a nice discount on your policy.
- Discount for Life Insurance - Larger companies have a lower car insurance rate if you buy a life policy as well.
- Discounts for New Vehicles - Buying a new car instead of a used car can get you a discount since new vehicles are generally safer.
A little note about advertised discounts, some of the credits will not apply to the overall cost of the policy. Most cut individual premiums such as physical damage coverage or medical payments. If you do the math and it seems like you could get a free car insurance policy, company stockholders wouldn't be very happy.
If you would like to see a list of insurance companies that offer discounts in Goose Creek, click here to view.
Tailor your insurance coverage to you
When buying your policy, there really isn't a perfect coverage plan. Coverage needs to be tailored to your specific needs and your insurance should unique, too. These are some specific questions might point out whether your personal situation might need an agent's assistance.
- I have a DUI can I still get coverage?
- Should I put collision coverage on all my vehicles?
- Who sells insurance for high-risk drivers?
- Can I get by with minimal medical coverage if I have good health insurance?
- Do I pay less for low miles?
- Is my vehicle covered for smoke damage?
- What states are considered no-fault?
- Do I need to call my car insurance company before buying a new car?
If you can't answer these questions but you think they might apply to your situation, you may need to chat with a licensed agent. If you don't have a local agent, complete this form or you can also visit this page to select a carrier
Affordable insurance premiums are out there
In this article, we presented many ways to compare insurance car insurance rates in Goose Creek. The most important thing to understand is the more quotes you get, the better your chances of lowering your premium rates. Drivers may even discover the lowest priced insurance comes from some of the lesser-known companies. Smaller companies may cover specific market segments cheaper compared to the large companies like Progressive and GEICO.
Lower-priced insurance in Goose Creek is attainable both online and from local agencies, so get free Goose Creek car insurance quotes from both of them to have the best chance of lowering rates. Some companies don't offer price quotes online and most of the time these regional insurance providers prefer to sell through local independent agents.
More tips and info about insurance can be read at these sites:
- Automakers compete to add autobraking (Insurance Institute for Highway Safety)
- What is the Cheapest Car Insurance in Myrtle Beach, South Carolina? (FAQ)
- Prepare your Teens for Safe Driving (InsureUonline.org)
- Liability Insurance Coverage (Nationwide)
- Steps to Take After an Auto Accident (Insurance Information Institute)