For drivers in North Charleston, one of the largest considerations that are looked at to help calculate the amount you pay for auto insurance is where your residence is in North Charleston. Areas with increased crime or more people likely pay more, whereas areas with lower vehicle theft rates and fewer weather claims tend to receive cheaper rates.
The table below rates the most expensive cities in South Carolina to buy auto insurance in. North Charleston is listed at #2 with a yearly cost of $1,262 for the average policy, which is approximately $105 monthly.
|Rank||City||Average Per Year|
|12||Hilton Head Island||$1,139|
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Premium costs are comparative as the specific North Charleston residence address can revise prices significantly.
Now that we understand where North Charleston ranks compared to other cities, establishing which company quotes the most affordable auto insurance rates in North Charleston will require a little more sweat than just quoting one company's rates.
Every insurance provider uses a little different formula to determine premium rates, so let's rank the overall cheapest auto insurance companies in South Carolina. Keep in mind that North Charleston auto insurance rates are impacted by many things which can significantly increase or decrease the cost of having a policy. Simply turning a year older, moving to a different location, or getting a ticket for running a stop sign can trigger price changes that can make some companies much cheaper than others.
Find the Cheapest Auto Insurance in North Charleston
|Rank||Company||Cost Per Year|
|5||SC Farm Bureau Mutual||$1,248|
|6||Southern Farm Bureau||$1,286|
|7||National Grange Mutual||$1,335|
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The Hartford offers some of the lowest car insurance rates in North Charleston at around $775 a year. USAA, State Auto, Auto-Owners, and SC Farm Bureau Mutual also qualify as some of the lowest-priced North Charleston, SC insurance companies.
In this example, if you are currently insured with SC Farm Bureau Mutual and switched to USAA, you might realize an annual premium reduction of approximately $253. Insureds with Southern Farm Bureau could save as much as $291 a year, and National Grange Mutual policyholders might see rate reductions of $340 a year.
These policy prices are averaged across all drivers and vehicles and are not factoring in an exact location in North Charleston. So the car insurance company that is best suited for you may not even be in the top 18 companies shown above. That is why you need to compare prices as often as possible using your own personalized driver profile and vehicle information.
The make and model of vehicle that needs insurance is one of the primary factors that determines whether or not you can buy the most economical car insurance in North Charleston. Vehicles with economical engines, advanced safety features, or a track record of few liability claims will cost less to insure than high performance models.
The data below showcases auto insurance costs for some of the cheaper automobiles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLS 4WD||$1,195|
|Honda CR-V EX 4WD||$1,223|
|Honda Accord EX-L 4-Dr Sedan||$1,295|
|Honda Odyssey EX||$1,384|
|Ford F-150 Lariat Super Cab 2WD||$1,438|
|Jeep Wrangler Unlimited Sahara 2WD 4-Dr||$1,463|
|Toyota Camry SE||$1,486|
|Ford Fusion Sport 4-Dr Sedan||$1,513|
|Honda Civic Hybrid 4-Dr Sedan||$1,520|
|Dodge Grand Caravan SE||$1,535|
|Toyota Tacoma 2WD||$1,590|
|Ford Focus S 4-Dr Sedan||$1,597|
|Ford Edge SE 2WD||$1,610|
|GMC Sierra 2500HD SLE Regular Cab 2WD||$1,617|
|Volkswagen Jetta LE 4-Dr Sedan||$1,620|
|Toyota RAV4 4WD||$1,628|
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Cost estimates assume single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and South Carolina minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Prices do not factor in the specific area where the vehicle is garaged which can alter price quotes noticeably.
Based upon these rates, models like the Ford Escape, Honda CR-V, Honda Accord, and Honda Odyssey are likely to be a few of the cheaper vehicles to insure for drivers in North Charleston.
The chart below shows how choosing a deductible can affect premium costs when researching cheap insurance in North Charleston. The premiums are based on a single female driver, comp and collision included, and no discounts are taken into consideration.
The chart above illustrates that a 30-year-old driver could cut expenses by $310 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $466 by using a $1,000 deductible. Even younger insureds, like the 20-year-old example, could shave up to $688 or more by choosing a larger deductible amount.
When choosing a higher deductible, it's a good idea to have enough funds in savings to enable you to pay the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.
Should you buy full coverage?
Lowering the price of car insurance is probably important to the majority of people, and a good way to find cheaper insurance in North Charleston is to not buy comprehensive and collision coverage. The illustration below compares auto insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in South Carolina. The data assumes no violations or accidents, $1,000 deductibles, drivers are single, and no discounts are factored in.
On average, comprehensive and collision coverage on your policy costs an extra $1,435 per year more than insuring for liability only. That is a large expense and it proposes the question when is the right time to remove full coverage. There is no clear-cut rule that is best for determining when to drop physical damage coverage on your policy, but there is a guideline you can use. If the yearly cost of comp and collision coverage is more than around 10% of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.
How to get discounts on North Charleston auto insurance
Insurance providers that provide coverage in North Charleston could also offer policy discounts that could lower prices by 30% or more if you can meet the requirements. Popular car insurance companies and a selection of discounts include:
- GEICO has discounts for multi-vehicle, membership and employees, defensive driver, multi-policy, and federal employee.
- SAFECO may have discounts that include teen safe driver, anti-theft, drive less, homeowner, and teen safety rewards.
- State Farm has savings for student away at school, defensive driving training, passive restraint, accident-free, Drive Safe & Save, and anti-theft.
- MetLife offers discounts for defensive driver, multi-policy, good driver, good student, and claim-free.
- 21st Century discounts include driver training, student driver, good student, theft prevention, anti-lock brakes, air bags, and 55 and older.
- Progressive may offer discounts for online signing, good student, multi-policy, multi-vehicle, and online quote discount.
The diagram below illustrates the comparison of insurance costs with and without policy discounts. The rates are based on a female driver, a clean driving record, no claims, South Carolina state minimum liability limits, full physical damage coverage, and $500 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with multiple policy, defensive driving course, passive restraint, safe-driver, marriage, and homeowner discounts applied. When discounts are applied, theaverage amount saved on car insurance in North Charleston is 28% or $463.