For drivers in Wade Hampton, one of the largest considerations that determine the amount you pay for auto insurance is the neighborhood you call home in Wade Hampton. Areas with more people or higher crime rates will most likely pay more, whereas less populated areas profit from lower rates.
The table below sorts the most costly cities in South Carolina to buy auto insurance in. Wade Hampton is listed at #21 with an annual rate of $1,048 for the average policy, which is approximately $87 per month.
|12||Hilton Head Island||$1,139|
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Premium amounts are estimated as the specific zip code location can revise rates substantially.
Now that we understand where Wade Hampton ranks compared to other areas, trying to find cheap insurance is hard enough, and deciding which companies have the cheapest insurance rates in Wade Hampton will take even more shopping around. Every insurance provider has their own unique process for setting prices, so to begin we'll rank the most affordable insurance companies in South Carolina.
Best Auto Insurance Prices in Wade Hampton
|Rank||Company||Cost Per Year|
|5||SC Farm Bureau Mutual||$1,286|
|6||Southern Farm Bureau||$1,286|
|7||National Grange Mutual||$1,335|
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The Hartford has some of the cheapest car insurance rates in Wade Hampton at around $745 a year. USAA, State Auto, Auto-Owners, and SC Farm Bureau Mutual also rank well as some of the lowest-priced Wade Hampton, SC car insurance companies.
In the rate table above, if you are insured with Auto-Owners and switched to The Hartford, you could see a yearly price reduction of upwards of $396. Policyholders with SC Farm Bureau Mutual could save as much as $541 a year, and Southern Farm Bureau insureds might realize rate reductions of up to $541 a year.
If you want to find out if you're overpaying, click here to get quotes or visit any of the companies below.
It's important to note that these premium estimates are averages for all types of drivers and the different vehicles they drive and are not factoring in a specific zip code in Wade Hampton. So the insurer that is best suited for you may not even be in the list above. That helps illustrate why you need to get car insurance quotes using your own individual information.
The make and model of vehicle requiring coverage is probably the largest consideration that determines whether or not you find the best cheap auto insurance in Wade Hampton. Vehicles with reasonable performance levels, excellent safety ratings, or a track record of few liability claims will cost much less to insure than high performance models.
The data below shows car insurance premiums for the cheapest automobiles to insure in South Carolina.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Honda CR-V EX-L 4WD||$869|
|Honda Accord LX-P 4-Dr Sedan||$932|
|Dodge Grand Caravan SE||$952|
|Ford Focus SE 4-Dr Sedan||$990|
|Toyota RAV4 Limited 4WD||$1,008|
|Jeep Grand Cherokee Laredo 4WD||$1,017|
|Ford Escape Limited 4WD||$1,015|
|Volkswagen Jetta S 2.5 Station Wagon||$1,023|
|Chevrolet Malibu LT||$1,029|
|Ford Edge Sport AWD||$1,072|
|Toyota Tacoma X-Runner 2WD||$1,063|
|Nissan Altima 3.5 SR 4-Dr Sedan||$1,083|
|Ford Fusion SEL 4-Dr Sedan||$1,091|
|Dodge Ram Crew Cab TRX 2WD||$1,100|
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Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and South Carolina minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Premium costs do not factor in zip code location which can increase or decrease premiums considerably.
Based upon the table data, we can infer that models like the Honda CR-V, Honda Accord, Dodge Grand Caravan, Ford Focus, and Toyota RAV4 are likely to be some of the most economical vehicles to insure for drivers in Wade Hampton.
Get discount Wade Hampton insurance
Car insurance companies that sell policies in Wade Hampton may also give you premium discounts that can lower rates by 35% or more if you qualify. The best insurance companies and some of their more popular discounts can be found below.
- State Farm discounts include accident-free, passive restraint, anti-theft, defensive driving training, good student, multiple autos, and good driver.
- Farmers Insurance offers premium reductions for good student, youthful driver, early shopping, multi-car, teen driver, and electronic funds transfer.
- Progressive includes discounts for online quote discount, homeowner, online signing, multi-vehicle, continuous coverage, and good student.
- GEICO policyholders can earn discounts including multi-vehicle, daytime running lights, five-year accident-free, driver training, anti-theft, and anti-lock brakes.
- Auto-Owners Insurance has savings for multiple vehicles, anti-theft, group or association, teen driver, paperless, and student away at school.
- The Hartford may offer discounts for bundle, driver training, defensive driver, good student, anti-theft, and air bag.
- Farm Bureau offers discounts including youthful driver, driver training, multi-vehicle, multi-policy, safe driver, 55 and retired, and renewal discount.
- USAA may include discounts for good student, new vehicle, vehicle storage, safe driver, family discount, driver training, and multi-policy.
The diagram below compares insurance prices with and without discounts being applied to the rates. The premiums are based on a female driver, no claims or violations, South Carolina state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with defensive driving course, claim-free, passive restraint, homeowner, safe-driver, and vehicle safety discounts applied. When these discounts are applied to the policy premium, theamount saved on insurance in Wade Hampton is 28% or $381.
The illustration below demonstrates how choosing different deductibles can influence yearly insurance costs when searching for cheap insurance in Wade Hampton. The premium estimates are based on a single female driver, full coverage, and no discounts are applied.
As shown above, a 30-year-old driver could reduce rates by $310 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $466 by changing to a $1,000 deductible. Even younger drivers, like the Age 20 chart data, could reduce their rates $688 annually by choosing a higher deductible. If you do raise deductibles, it will be required to have enough savings set aside to allow you to cover the extra out-of-pocket expense that is associated with using high deductibles.
Rate comparison of full coverage and liability-only
Paying less for insurance is important to the majority of drivers, and one of the quickest ways to find cheaper insurance in Wade Hampton is to not pay for full coverage. The illustration below illustrates the comparison of car insurance costs when comparing full coverage to liability only. The premiums assume no claims or driving citations, $100 deductibles, single marital status, and no discounts are applied.
If we average the cost for ages 20 through 70, comprehensive and collision coverage on your policy costs $2,619 per year over and above liability only. That raises the question when is it safe to stop buying full coverage. There is no set guideline that works best for making the decision to drop full coverage, but there is a general convention. If the annual cost of comprehensive and collision coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.
For example, let's assume your vehicle's claim settlement value is $11,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $10,000 after the policy deductible has been paid. If you are paying in excess of $1,000 a year for comprehensive and collision coverage, then it's probably a good time to buy liability coverage only.
There are some situations where only buying liability is not a good plan. If you still owe money on your vehicle, you have to carry full coverage to protect the lienholder's interest. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.
You may be paying too much for car insurance
Wade Hampton insurance rates are based on many factors which can substantially decrease or increase the cost of coverage. Getting older, buying higher coverage limits, or getting into an accident may cause policy rate changes resulting in some rates now being cheaper than others.
In addition, insurance companies change premium rates as often as every quarter to ensure their profitability. A period of increased losses can result in rate hikes, while less frequent claims can cause cheaper Wade Hampton car insurance rates.
To help illustrate this point, the data below shows a variety of companies that have the cheapest car insurance in Wade Hampton, SC for a 45-year-old female driver with no accidents, a clean driving record, and good credit. Based on her current situation, The Hartford may offer the best car insurance rates in Wade Hampton at $806 each year. This is $803 less than the average price paid by South Carolina drivers of $1,609. USAA, Auto-Owners, State Auto, and Southern Farm Bureau are the remainder of the best Wade Hampton, SC auto insurance companies.
In the next rate comparison, we'll give the driver from the first set of rates some claims, a lower credit score, and a speeding ticket. Because every insurance company has a proprietary method for determining rates in each state, getting updated rate quotes may now show a slightly different list of the cheapest Wade Hampton car insurance companies as shown below.
USAA now has the best auto insurance rate in Wade Hampton with Travelers, National Grange Mutual, State Farm, and The Hartford completing the list. This shows why consumers need to perform a complete rate comparison to get affordable auto insurance rates in Wade Hampton.
Prices are influenced by many things and change frequently, so the best option the last time you compared rates may now be priced much higher than other options.
How to find budget-friendly auto insurance in Wade Hampton
It's not impossible to find cheaper rates, and here are many thrifty suggestions that can help Wade Hampton drivers get more affordable coverage.
- Buying home and auto together can help save money
- At-fault accidents can raise rates significantly
- Avoid getting tickets or violations
- Buy a car with high safety ratings
- Try paying for small claims out-of-pocket
- Compare quotes from other companies often
That last idea is remarkably necessary, as we stressed in this piece. Insurance rates fluctuate constantly, so drivers shouldn't be reluctant to buy a policy from a new company if a better rate can be found. Having a favorite company is great, but it's not a great idea if that dedication is costing money that could be going to better use. It only takes a couple minutes to compare prices to find cheaper insurance in Wade Hampton.