The type of vehicle needing coverage is a large consideration when consumers are trying to find cheaper insurance for high school students. Vehicles with reasonable performance levels, advanced safety features, or a positive history of liability claims will cost less to insure than higher performance models.
The information below illustrates car insurance premiums for some of the most affordable vehicles to buy coverage for.
|Vehicle||Estimated Cost for Full Coverage|
|Ford Escape XLS 4WD||$3,635|
|Honda CR-V EX-L 2WD||$3,669|
|Chevrolet Silverado LS Regular Cab 4WD||$4,055|
|Ford F-150 XLT Regular Cab 4WD||$4,090|
|Ford Focus SE 4-Dr Sedan||$4,278|
|Toyota Camry LE||$4,313|
|Chevrolet Malibu Hybrid||$4,320|
|Toyota RAV4 Sport 4WD||$4,313|
|Jeep Grand Cherokee Laredo 2WD||$4,320|
|Chevrolet Equinox LT 2WD||$4,313|
|Chevrolet Impala LT||$4,318|
|Dodge Ram 3500 Crew Cab Laramie 2WD||$4,347|
|Ford Explorer Limited 4WD||$4,357|
|Dodge Grand Caravan SXT||$4,347|
|Honda Civic LX-S 4-Dr Sedan||$4,501|
|Ford Edge Sport 2WD||$4,535|
|Nissan Altima 2.5 S 4-Dr Sedan||$4,541|
|Toyota Tacoma X-Runner 2WD||$4,535|
|Honda Odyssey EX-L||$4,541|
|Hyundai Elantra GLS 4-Dr Sedan||$4,535|
|Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr||$4,566|
|Volkswagen Jetta 2.0T 4-Dr Sedan||$4,570|
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Prices above based on single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and South Carolina minimum liability limits. Discounts applied include claim-free, and safe-driver. Rate quotes do not factor in vehicle garaging location which can alter prices noticeably.
Based upon the table data, you can conclude that vehicles like the Ford Escape, Honda CR-V, and Toyota Prius are going to be some of the cheapest vehicles to insure for teenagers. The cost of a car insurance policy will be higher anyway because there is more claim exposure for high school students, but overall those particular vehicles will probably have the cheapest car insurance rates compared to other types of vehicles.
One of the more important components that help determine the amount you pay each year for auto insurance is the neighborhood you call home in South Carolina. Cities with larger populations or higher claim trends like Florence, Summerville, and Sumter tend to have more expensive auto insurance rates, whereas areas with less people or fewer weather incidents have the benefit of cheaper car insurance.
The table below ranks the most expensive areas in South Carolina for high school students to purchase auto insurance in.
|Rank||City||Premium Per Year|
|12||Hilton Head Island||$1,162|
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Table data uses comparative as the vehicle garaging location can decrease or increase premiums greatly.
Discounts on South Carolina auto insurance rates
Insurance providers that offer coverage for high school students may additionally offer price discounts that may potentially lower prices by as much as 25% or more if you are eligible for them. A few popular companies and the discounts they provide include:
- State Farm offers premium reductions for multiple policy, safe vehicle, multiple autos, good driver, student away at school, passive restraint, and Drive Safe & Save.
- Progressive offers discounts for online quote discount, online signing, multi-policy, homeowner, good student, multi-vehicle, and continuous coverage.
- Progressive includes discounts for good student, online quote discount, continuous coverage, multi-policy, multi-vehicle, and homeowner.
- MetLife may offer discounts for accident-free, multi-policy, claim-free, good driver, and good student.
- Farm Bureau may have discounts that include 55 and retired, safe driver, multi-policy, good student, and renewal discount.
- GEICO has savings for federal employee, military active duty, good student, multi-vehicle, seat belt use, and emergency military deployment.
- SAFECO may include discounts for teen safe driver, accident prevention training, homeowner, anti-theft, and teen safety rewards.
The illustration below illustrates the comparison of premium costs with and without discounts applied to the policy rates. The rates are based on a male driver, no claims or driving violations, South Carolina state minimum liability limits, full coverage, and $500 deductibles.
The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with good student, vehicle safety, anti-theft, passive restraint, paperless filing, and paid-in-full discounts applied. With discounts applied, the the amount saved on car insurance for high school students is 28% or $795.
How careless driving impacts car insurance rates
One of the best ways to earn affordable car insurance prices in South Carolina for teenagers is to be a careful driver and avoid at-fault accidents and violations. The example below highlights how traffic violations and at-fault fender-benders can affect insurance costs for different age groups. Data assumes a single male driver, full physical damage coverage, $250 deductibles, and no policy discounts are applied.
In the chart above, the average cost of car insurance per year with no violations or accidents is $1,982. Receive two speeding tickets and the average cost rises to $2,631, an increase of $649 each year. Now add in two accidents along with the two speeding tickets and the annual cost of car insurance for high school students in South Carolina increases to an average of $4,916. That's an increase of $2,934, or $245 per month, just for not keeping your driving record clean!
Why you should shop around
South Carolina car insurance rates are calculated based on many things that control the price you pay. Simply having a birthday, having a teenage driver, or getting a reckless driving citation may cause policy rate changes resulting in some companies being cheaper than competitors.
In addition to those changes, companies change rates without warning to adjust for unexpected claims or profits. Higher than usual claims can cause more expensive premiums, while a better loss history can cause cheaper South Carolina car insurance rates.
For example, the bar chart below demonstrates which company has the cheapest car insurance in South Carolina for a 40-year-old female driver with no prior claims, no tickets, and a good credit rating. If we estimate rates based on her current risk factors, The Hartford offers the lowest car insurance rates in South Carolina at $752 a year. This is $857 less than the average price paid by South Carolina drivers of $1,609. USAA, State Auto, Auto-Owners, and Southern Farm Bureau round out the rest of the best South Carolina auto insurance companies.
In this example, we will give the driver from above a chargable claim, a lower credit rating, and a stop sign violation. Due to the fact that every auto insurer has a different process to set policy rates, analyzing rates may result in a different ranking of companies as shown below.
National Grange Mutual now has the cheapest insurance rate in South Carolina with USAA, Travelers, State Farm, and The Hartford also being competitive. This shows why consumers need to take the time to shop around to get the best car insurance quotes for high school students. Auto insurance prices are influenced by many factors and can change without notice, so the most affordable company six months ago may now be an over-priced policy.
How to find low-cost car insurance for high school students
The list below details some of the recommended penny-pinching solutions that can help South Carolina drivers locate cheap coverage.
- Buying car and homeowners insurance together can save money
- Save money by obeying traffic laws and keeping a clean driving record
- Raise deductibles to save money
- Try to not file small claims
- Maintain a safe distance and avoid accidents
- Good credit can mean cheaper rates
- Compare rate quotes frequently
That final tip is notably important, as was noted in the prior information. Coverage prices adjust often, so don't be tentative to change to a new company if a more affordable rate is found. Many consumers stick with the same company and that's fine, but is isn't recommended if that stubbornness costs you major coinage every year. It takes less than five minutes to compare prices to find cheaper auto insurance for high school students.