Deciding which company quotes the best car insurance rates in Socastee may require more work than just getting one or two price quotes. Each insurer has their own process for establishing rates, so we'll go over the lowest cost car insurance companies in South Carolina.
It's important to understand that Socastee, SC car insurance rates are determined by lots of factors which can substantially decrease or increase the cost of a policy. Simply getting older, buying a home instead of renting, or having an accident can trigger price changes that can make some companies cheaper in comparison to the competition.
|Rank||Company||Cost Per Year|
|5||SC Farm Bureau Mutual||$1,248|
|6||Southern Farm Bureau||$1,298|
|7||National Grange Mutual||$1,335|
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The Hartford offers some of the lowest car insurance rates in Socastee at around $768 annually. USAA, State Auto, Auto-Owners, and SC Farm Bureau Mutual also are some of the more affordable Socastee, SC insurance companies.
As shown in the table above, if you currently have coverage with SC Farm Bureau Mutual and switched to USAA, you could realize annual savings of approximately $223. Customers with Southern Farm Bureau may save as much as $273 a year, and National Grange Mutual policyholders might reduce rates by $310 a year.
Bear in mind that those policy prices are averages for all insureds and vehicles and and are not calculated with a specific location in Socastee. 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 quote rates from as many companies as possible using your own specific driver and vehicle information.
For drivers in Socastee, one of the big considerations that are looked at to determine the amount you pay each year for auto insurance is where you call home in Socastee. Regions with larger populations or more claims are more likely to have higher rates, whereas areas with less crime or weather claims benefit from having to pay less for coverage.
The illustration below shows the highest-priced places in South Carolina to purchase auto insurance in. Socastee is ranked at #6 with an annual cost of $1,235 for the average insurance policy, which is about $103 each month.
|Rank||City||Premium Per Year|
|12||Hilton Head Island||$1,162|
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Rate information is estimated as specific Socastee zip code can change coverage prices significantly.
The vehicle that is being insured is one of the biggest factors when shopping for low-priced insurance in Socastee. Vehicles with higher performance, poor crash test ratings, or a track record of large liability claims will cost substantially more to insure than more modest models. The information below showcases insurance prices for a handful of the more affordable vehicles to buy insurance for.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX 2WD||$1,097|
|Honda Accord LX 4-Dr Sedan||$1,107|
|Ford Escape XLS 4WD||$1,097|
|Hyundai Elantra GLS Touring Station Wagon||$1,102|
|Jeep Wrangler Sport 4WD 2-Dr||$1,140|
|Jeep Grand Cherokee Laredo 4WD||$1,301|
|Chevrolet Equinox LS 2WD||$1,309|
|Chevrolet Silverado LT Extended Cab 4WD||$1,301|
|GMC Sierra SLE Crew Cab 2WD||$1,311|
|Chevrolet Impala LT||$1,301|
|Ford F-150 FX4 4WD||$1,325|
|Ford Focus SEL 4-Dr Sedan||$1,342|
|Ford Fusion SEL 4-Dr Sedan||$1,392|
|Volkswagen Jetta SEL 4-Dr Sedan||$1,397|
|Toyota Tacoma 4WD||$1,408|
|Dodge Grand Caravan SE||$1,415|
|Hyundai Sonata SE 4-Dr Sedan||$1,463|
|Toyota Camry Hybrid||$1,487|
|Toyota RAV4 Sport 2WD||$1,497|
|Dodge Ram 2500 Crew Cab Laramie 4WD||$1,513|
|Toyota Camry SE||$1,565|
|Ford F-250 XL Cabela Turbo Diesel 2WD||$1,580|
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Data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and South Carolina minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Estimates do not factor in specific Socastee, SC garaging location which can alter rates considerably.
Based upon these rates, you can conclude that models like the Honda CR-V, Honda Accord, and Ford Escape are likely to be some of the more affordable vehicles to insure for drivers in Socastee.
Types of discounts on Socastee car insurance
Auto insurance companies that offer coverage in Socastee may also give you rate discounts that can reduce rates by 35% or more if you qualify for them. A list of auto insurance companies and their offered discounts are outlined below.
- GEICO discounts include air bags, anti-lock brakes, multi-policy, federal employee, seat belt use, and multi-vehicle.
- Travelers policyholders can earn discounts including multi-policy, hybrid/electric vehicle, student away at school, continuous insurance, home ownership, multi-car, and save driver.
- Farm Bureau may include discounts for multi-policy, youthful driver, safe driver, multi-vehicle, driver training, renewal discount, and good student.
- Liberty Mutual offers discounts including exclusive group savings, safety features, new graduate, new move discount, multi-policy, and good student.
- American Family includes discounts for TimeAway discount, defensive driver, good student, Steer into Savings, accident-free, bundled insurance, and air bags.
- Progressive may offer discounts for online quote discount, multi-vehicle, online signing, homeowner, and continuous coverage.
The chart below shows the comparison of car insurance costs with and without discounts applied to the premium. The information is based on a male driver, a clean driving record, no at-fault accidents, South Carolina state minimum liability limits, comp and collision included, and $250 deductibles.
The first bar for each age group shows the price with no discounts. The lower bar shows the rates with homeowner, passive restraint, claim-free, accident-free, vehicle safety, and safe-driver discounts applied. When discounts are factored in, theaverage yearly reduction on auto insurance in Socastee is 28% or $665.