Comparing quotes for low-priced insurance is tough enough, and determining which company quotes the most affordable auto insurance rates in Florence will require a little more work. Every car insurance company has a unique approach to set policy rates, so we'll take a look at the overall cheapest auto insurance companies in Florence, SC.
It's important that you understand Florence, SC auto insurance rates are calculated based on many things which can substantially decrease or increase the cost of a policy. This price variation is why drivers need to shop around with many companies when trying to find the cheapest auto insurance rates in Florence. Insurance prices are calculated by many risk factors and change substantially, so the cheapest rate six months ago may now be wasting a lot of money.
|Rank||Company||Cost Per Year|
|5||SC Farm Bureau Mutual||$1,260|
|6||Southern Farm Bureau||$1,286|
|7||National Grange Mutual||$1,335|
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The Hartford offers some of the cheapest car insurance rates in Florence at around $775 a year. USAA, State Auto, Auto-Owners, and SC Farm Bureau Mutual also are some of the cheaper Florence, SC car insurance companies.
In the above rates, if you are currently insured with Auto-Owners and switched to The Hartford, you might realize annual savings of upwards of $332. South Carolina drivers with SC Farm Bureau Mutual may save as much as $485 a year, and Southern Farm Bureau customers might see rate reductions of $511 a year.
It's important to note that these estimates are averaged across all drivers and vehicles and and are not figured with a specific vehicle garaging location in Florence. So the insurer that can offer you the lowest price may not even be in the top 18 companies in the list above. That emphasizes why you need to compare as many prices as possible using your own driver information and specific vehicle type.
For drivers in Florence, one of the largest considerations that help determine the price you pay for insurance is the neighborhood you call home. Areas with a lot of weather claims or more people tend to have more expensive auto insurance rates, whereas areas with less people or fewer weather incidents can boast about having cheaper rates.
The next table shows the highest-priced areas in South Carolina to purchase auto insurance in. Florence is ranked at #2 costing $1,272 on average, which is about $106 each month.
|Rank||City||Average Per Year|
|11||Hilton Head Island||$1,173|
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Information shown are comparative as the specific zip code location can impact prices significantly.
The car, truck, or SUV you are trying to insure is one of the main factors when trying to find cheap car insurance in Florence. Vehicles with more horsepower, a lack of modern safety features, or a track record of large liability claims will cost quite a bit more to insure than safer, lower-performance models. The information below illustrates car insurance premiums for some of the most affordable vehicles to insure.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Honda Accord EX 4-Dr Sedan||$1,401|
|Ford F-150 XL Regular Cab 2WD||$1,442|
|Ford Escape XLS 2WD||$1,447|
|Honda CR-V EX-L 2WD||$1,480|
|Chevrolet Impala LT||$1,514|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$1,544|
|Honda Odyssey EX-L W/Navigation||$1,595|
|Dodge Grand Caravan CV||$1,626|
|Chevrolet Silverado LTZ Extended Cab 4WD||$1,635|
|Toyota RAV4 4WD||$1,659|
|Ford Focus SE 4-Dr Sedan||$1,666|
|Ford Edge Limited 2WD||$1,671|
|Dodge Ram Quad Cab ST 2WD||$1,682|
|GMC Sierra SL Extended Cab 2WD||$1,705|
|Toyota Camry LE||$1,713|
|Volkswagen Jetta LE 4-Dr Sedan||$1,705|
|Toyota Camry Hybrid||$1,733|
|Ford Fusion SEL AWD 4-Dr Sedan||$1,735|
|Ford Explorer Eddie Bauer 4WD||$1,743|
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Premium data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and South Carolina minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Premium costs do not factor in specific zip code location which can influence coverage prices substantially.
By looking at the data, we can tell that cars like the Honda Accord, Ford F-150, Ford Escape, and Honda CR-V are most likely going to be the more affordable vehicles to insure for drivers in Florence.
Drive responsibly or pay higher rates
The easiest way to enjoy affordable insurance prices in Florence for drivers in Florence is to be a careful driver and not have accidents or get tickets. The information below illustrates how speeding tickets and at-fault accidents raise car insurance rates for different ages of insureds. The premiums are based on a single female driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied.
The data charted above shows the average cost of auto insurance in Florence per year with no accidents and a clean driving record is $2,313. Add in one speeding ticket and the average cost increases to $2,622, an increase of $309 each year. Now add in one accident along with the one speeding ticket and the 12-month cost of insurance in Florence goes up to an average of $3,490. That's an increase of $1,178, or $98 per month, just for not paying attention while driving!
Discounts on Florence auto insurance rates
Car insurance companies that offer quotes in Florence may also give you discounts that could reduce prices by 35% or more if you can meet the requirements. A few popular companies and a selection of discounts are detailed below.
- Farm Bureau offers premium reductions for multi-policy, 55 and retired, renewal discount, driver training, and multi-vehicle.
- MetLife has savings for accident-free, multi-policy, claim-free, good student, good driver, defensive driver
- Progressive may include discounts for multi-policy, continuous coverage, online quote discount, good student, multi-vehicle, and homeowner.
- AAA offers discounts including multi-policy, education and occupation, good driver, pay-in-full, anti-theft, multi-car, and good student.
- American Family offers discounts for air bags, good driver, early bird, bundled insurance, and Steer into Savings.
- GEICO may have discounts that include membership and employees, military active duty, defensive driver, emergency military deployment, and seat belt use.
- State Farm includes discounts for safe vehicle, passive restraint, multiple autos, anti-theft, and student away at school.
The information below shows the comparison of insurance costs with and without policy discounts. The premium estimates are based on a female driver, no violations or accidents, South Carolina state minimum liability limits, comp and collision included, and $250 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, multiple policy, accident-free, anti-theft, and defensive driving course discounts applied. When discounts are applied, theaverage amount saved on insurance in Florence is 28% or $641.
How to find economical auto insurance in Florence
The list below details some of the recommended penny-pinching suggestions that can help South Carolina drivers locate cheap coverage.
- Increase your comprehensive and collision deductibles
- Buying your home and auto policies from the same company can earn a discount
- Increase your credit rating
- Buy safe vehicles
- Full coverage is expensive so only insure older vehicles for liability only
- Avoid filing small claims
- Comparison shop at least once a year
The last item on the list is incredibly valuable, as was affirmed in this article. Rates can change considerably in a year, so don't hesitate to buy from a different company if a cheaper price is available. Many drivers tend to have loyalty to a certain company, but it's not a good idea if it's costing you money that could be used for better things. It only take a few minutes to shop around and find cheaper insurance in Florence.