Comparing rates for low-priced auto insurance is hard enough, and finding out which insurers offer the most affordable car insurance rates for drivers under 25 in South Carolina will require more quotes for comparison. Prices will more than likely be somewhat more than the average policy in South Carolina, with the extra cost attributed to the potential for higher claims that goes along with selling insurance for drivers age 25 and younger, but affordable coverage should be available if you carefully shop around. Each auto insurer has a different process for determining rates in each state, so to begin we'll rank the most affordable car insurance companies in South Carolina.
Keep in mind that South Carolina car insurance rates are impacted by many factors which can substantially change the cost of a policy. Events like turning one year older, buying a higher-value vehicle, or getting into an accident can produce rate changes that may make certain companies more expensive than competitors.
Best Auto Insurance Prices for Young Drivers
The Hartford has some of the most affordable car insurance rates in South Carolina at around $775 annually. USAA, State Auto, Auto-Owners, and SC Farm Bureau Mutual also make the cut as some of the cheapest South Carolina car insurance companies.
In the above rates, if you are currently insured with Auto-Owners and switched to USAA, you could see an annual premium reduction of approximately $82. Customers with SC Farm Bureau Mutual may save as much as $223 a year, and Southern Farm Bureau insureds might lower prices by up to $223 a year.
Be aware that those rates are averaged across all ages of drivers and types of vehicles and and are not calculated with a price surcharge for drivers under 25. So the auto insurance company that fits your age and vehicle best may not even be in the top 18 companies shown above. That helps illustrate why you need to get car insurance quotes using your own individual information.
The type of vehicle on the policy is one of the primary factors when consumers are trying to find the lowest-priced car insurance for drivers under 25. Vehicles with economical engines, excellent safety ratings, or a positive history of liability claims will cost significantly less to insure than adrenaline junky models.
The next list estimates car insurance costs for a number of the cheapest automobiles to buy insurance for.
|Make and Model||Estimated Cost for Full Coverage|
|Honda Accord LX-P 4-Dr Sedan||$2,126|
|Honda CR-V EX 2WD||$2,134|
|Ford Escape Limited 4WD||$2,316|
|Chevrolet Silverado LS Regular Cab 4WD||$2,334|
|Ford Explorer XLT 4WD||$2,365|
|Dodge Grand Caravan SE||$2,370|
|Toyota Tacoma 2WD||$2,493|
|Volkswagen Jetta 2.0T Station Wagon||$2,506|
|Toyota RAV4 Sport 4WD||$2,524|
|Toyota Camry LE||$2,533|
|Chevrolet Malibu LS||$2,524|
|Chevrolet Equinox LT AWD||$2,532|
|Jeep Wrangler Unlimited Sahara 2WD 4-Dr||$2,557|
|Honda Civic EX 4-Dr Sedan||$2,651|
|Ford Focus SEL 4-Dr Sedan||$2,659|
|Honda Odyssey EX-L W/Navigation||$2,681|
|Ford Edge Sport AWD||$2,691|
|Chevrolet Impala LTZ||$2,681|
|Toyota Corolla S||$2,691|
|Hyundai Elantra SE 4-Dr Sedan||$2,681|
|GMC Sierra 2500HD SLE Crew Cab 4WD||$2,714|
|GMC Sierra SL Crew Cab 4WD||$2,721|
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Table data assumes single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and South Carolina minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium costs do not factor in vehicle garaging location which can revise premium rates substantially.
Based upon these rates, cars like the Honda Accord, Honda CR-V, and Ford Escape are most likely to be some of the cheaper vehicles to insure for drivers age 25 and younger. Rates will tend to be more expensive anyway because there is more inherent risk for drivers under 25, but generally speaking those models will have the lowest insurance rates compared to other vehicles.
For drivers age 25 and younger, one of the largest things that aid in calculating car insurance rates is where you normally keep your vehicle in South Carolina. More densely populated places like North Charleston, Goose Creek, and Charleston will most likely pay more, whereas more rural areas benefit from lower rates.
The following table rates the most expensive cities in South Carolina for drivers under 25 in which to purchase auto insurance.
|Rank||City||Premium Per Year|
|12||Hilton Head Island||$1,139|
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Annual rates are approximated as zip code location can raise or lower premiums greatly.
Picking the top auto insurance company is hard considering how many companies are available to choose from in South Carolina. The ranking information shown next could help you decide which auto insurance companies to look at when buying insurance for drivers under 25.
The rankings below are for large insurance companies, so smaller companies are not taken into consideration for the list. To compare rates from the most competitive companies in South Carolina, follow this link.
Top 10 Large Auto Insurance Companies Overall in South Carolina
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
- American Family
Cost difference between full coverage and liability
Paying a lower price for car insurance is the goal of the majority of people, and an easy way to buy cheap insurance for drivers under 25 in South Carolina is to only pay for liability coverage. The example below compares insurance prices with and without physical damage coverage. The premiums assume no accidents, no driving violations, $500 deductibles, drivers are single, and no discounts are applied to the premium.
As an overall average, comp and collision coverage costs an extra $1,610 per year more than just buying liability insurance. At some point, almost every driver questions when is the right time to remove full coverage. There is no specific rule that works best for making the decision to drop physical damage coverage on your policy, but there is a guideline you can consider. If the yearly cost of full coverage is more than 10% of the replacement cost minus the deductible, then you might want to think about dropping full coverage.
For example, let's pretend your vehicle's replacement cost is $12,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most your company will settle for is $11,000 after paying your policy deductible. If premium cost is more than $1,100 annually to have full coverage, then you might want to consider buying only liability coverage.
The importance of shopping around
South Carolina car insurance rates are based on many factors which can substantially decrease or increase the price of coverage. Improving your credit score, moving across town, or getting a ticket for careless driving can trigger price changes that can cause some rates to be cheaper than competitors. Also, companies amend pricing every year in order to protect their financial rating. A period of increased losses may cause more expensive prices, while a better claims history can cause more affordable South Carolina car insurance rates.
The data below shows which companies have the cheapest car insurance in South Carolina for a 30-year-old male driver with no violations or accidents, and great credit. If we look at prices based on his current rating profile, The Hartford quotes the best car insurance rates in South Carolina at $752 per year. This is $857 less than the average rate paid by South Carolina drivers of $1,609. USAA, State Auto, Auto-Owners, and SC Farm Bureau Mutual round out the rest of the most affordable South Carolina auto insurance companies.
Let's now give the driver from the first example a chargeable claim, a lower credit score, and an imperfect driving record. Because each insurer uses their own calculation for setting prices, comparing prices may result in a completely different list of affordable companies as shown below.
National Grange Mutual now has the cheapest rate in South Carolina with Travelers, State Farm, USAA, and State Auto now being in the top five. This example proves why it is crucial to compare many different companies to get the most affordable insurance rates for drivers under 25. Insurance prices are calculated by many factors and can change substantially, so the best option three years ago may now be one of the more expensive options.