Wouldn't life be so easy if we could wave our magic wand and tell you the one best car insurance company that has the best rates for hybrid vehicles? That is not the case, however, as there are a ton of unknown elements like the crash test ratings of your vehicle, how old you are, what your desired deductibles are, and tickets or driving violations, that all go into determining the rate you pay. In this article, we will teach you about these types of topics and will hopefully give you a solid foundation to find cheaper car insurance for hybrids.
The type of vehicle you are seeking coverage for is one of the largest factors when quoting low-cost auto insurance for hybrid vehicles. Vehicles with higher performance characteristics, poor safety ratings, or an increased likelihood of liability claims will cost significantly more to insure than safer models.
The information below shows auto insurance rates for some of the more affordable vehicles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX-L 2WD||$839|
|Honda Accord LX 4-Dr Sedan||$927|
|Ford Escape XLT 2WD||$934|
|Ford Focus S 4-Dr Sedan||$954|
|Honda Odyssey EX W/Rear Entertainment||$961|
|Ford Edge SEL AWD||$954|
|Chevrolet Impala LT||$972|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$982|
|Nissan Rogue S 2WD||$1,041|
|Chevrolet Equinox LTZ 2WD||$1,043|
|Chevrolet Silverado LS Crew Cab 4WD||$1,052|
|Jeep Grand Cherokee Limited 4WD||$1,043|
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Cost estimates assume 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, multi-vehicle, claim-free, homeowner, and safe-driver. Prices do not factor in garaging location in South Carolina which can revise premiums considerably.
By looking at the data, we can presume that cars like the Honda CR-V, Honda Accord, and Ford Escape are going to be the cheaper vehicles to insure for hybrids.
One of the more important criteria that determine the price you pay for insurance is where you keep your car. Areas with a lot of weather claims or more people like North Charleston, Goose Creek, and Summerville will most likely pay more, whereas areas that tend to be more rural benefit from lower rates.
The table below sorts the priciest cities in South Carolina for hybrid vehicles to purchase auto insurance in.
|Rank||City||Premium Per Year|
|13||Hilton Head Island||$1,139|
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Price information shown is estimated as the garaging address in South Carolina can raise or lower price quotes significantly.
Types of discounts on South Carolina car insurance rates
Car insurance companies that offer cheap quotes for hybrid vehicles may have policy discounts that could potentially reduce rates by as much as 35% if you can meet the requirements. A few of the larger companies and a selection of discounts can be read below.
- Mercury Insurance may have discounts that include anti-theft, multi-car, accident-free, low natural disaster claims, age of vehicle, and professional/association.
- Farmers Insurance discounts include homeowner, switch companies, alternative fuel, electronic funds transfer, and multi-car.
- Farm Bureau offers premium reductions for youthful driver, renewal discount, multi-vehicle, 55 and retired, driver training, and safe driver.
- State Farm offers discounts for multiple autos, defensive driving training, student away at school, multiple policy, good student, and good driver.
- Allstate has savings for safe driver, anti-lock brakes, good student, farm vehicle, anti-theft, and senior citizen.
- GEICO may include discounts for daytime running lights, membership and employees, anti-lock brakes, multi-vehicle, good student, and multi-policy.
The example below compares insurance premiums with and without discounts being applied to the rates. The data is based on a female driver, no claims or driving violations, South Carolina state minimum liability limits, full physical damage coverage, and $500 deductibles.
The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with passive restraint, marriage, multiple policy, homeowner, safe-driver, and multiple vehicle discounts applied. When drivers qualify for the discounts, the average savings per year on car insurance for hybrid vehicles is 28% or $570.
Impact of careless driving on car insurance rates
In a perfect world, the ideal way to maintain the cheapest car insurance rates in South Carolina for hybrids is to be an attentive driver and not get tickets or have accidents. The example below demonstrates how traffic citations and accidents impact insurance prices for different age groups. The rate quotes are based on a single female driver, full coverage, $100 deductibles, and no additional discounts are factored in.
The data above shows the average cost of an auto insurance policy in South Carolina per year with no violations or accidents is $2,060. Receive one speeding ticket and the average cost jumps to $2,333, an increase of $272 each year. Now throw in one accident along with the one speeding ticket and the annual cost of car insurance for hybrid vehicles in South Carolina goes up to an average of $3,110. That's an increase of $1,050, or $87 per month, just for being a little careless behind the wheel!
Ending up with the highest-rated auto insurance company is hard considering how many choices drivers have in South Carolina. The company ratings in the lists below may help you choose which auto insurance companies you want to consider comparing prices from. These ratings are only comprised of major nationwide insurance companies, so smaller companies that only insure vehicles in South Carolina are not taken into consideration for this list.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies