Figuring out which companies quote the best insurance rates in Rock Hill calls for a bit more effort thank just comparing rates from one or two companies. Each auto insurer uses different criteria to determine rates, so let's examine the most affordable insurance companies in Rock Hill, SC.
|Rank||Company||Cost Per Year|
|5||SC Farm Bureau Mutual||$1,286|
|6||Southern Farm Bureau||$1,298|
|7||National Grange Mutual||$1,321|
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The Hartford generally has some of the most affordable car insurance rates in Rock Hill at around $775 annually. This is $834 less than the average premium paid by South Carolina drivers of $1,609. USAA, State Auto, Auto-Owners, and SC Farm Bureau Mutual would also be considered some of the cheaper Rock Hill, SC insurance companies.
As shown above, if you currently buy coverage from SC Farm Bureau Mutual and switched to USAA, you might realize annual savings of in the neighborhood of $301. Drivers with Southern Farm Bureau might save as much as $313 a year, and National Grange Mutual customers might see rate reductions of $336 a year.
To see how much you can save, click here to get quotes or visit several of the following companies.
It's important to note that these policy prices are averages for all drivers and vehicles and and are not figured with an exact zip code location in Rock Hill. So the car insurance company that is most affordable for your situation may not even be in the top 18 companies shown above. That is why you need to compare rates from as many companies as possible using your own specific driver and vehicle information.
For drivers in Rock Hill, one of the largest things that are looked at to determine the amount you pay each year for auto insurance is the neighborhood you call home. Areas with more people or even just a higher incidence of claims tend to have higher rates, whereas areas with less congestion get the luxury of paying less.
The next table ranks the priciest cities in South Carolina to buy an auto insurance policy in. Rock Hill is ranked at #16 with an annual cost of $1,102 for car insurance, which is about $92 monthly.
|Rank||City||Premium Per Year|
|12||Hilton Head Island||$1,173|
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Premium amounts are comparative as specific Rock Hill zip code can affect coverage prices noticeably.
Why you should be comparing rates
South Carolina insurance rates are determined by lots of factors that control the price you have to pay for coverage. Simply turning a year older, buying another vehicle, or getting a ticket for running a stop sign can cause premium changes resulting in some rates now being much cheaper than others. Not only that, but insurance companies modify rates every year or even multiple times each year to adjust for gains or losses. An unexpected high level of claims may result in additional price hikes, while profitable underwriting may cause cheaper Rock Hill car insurance rates.
To illustrate this point, the graph below shows the company with the cheapest car insurance in Rock Hill, SC for a 40-year-old male driver with no prior claims, no tickets, and a good credit history. When comparing rates based on his current situation, The Hartford offers the most affordable car insurance rates in Rock Hill at $797 annually. This is $812 less than the average premium paid by South Carolina drivers of $1,609. USAA, State Auto, Auto-Owners, and SC Farm Bureau Mutual are the rest of the top five cheapest Rock Hill, SC auto insurance companies.
In this next rate comparison, we will give the driver from the first rate comparison a couple of claims, a lower credit rating, and a speeding citation. Since each company has a unique formula for determining prices, analyzing rate quotes could now result in a different set of the cheapest car insurance companies in Rock Hill as shown below.
National Grange Mutual now has the best price in Rock Hill, SC with Travelers, State Farm, The Hartford, and USAA also having competitive pricing. This example illustrates why it is critical to perform an extensive rate comparison to find the cheapest car insurance rates in Rock Hill.
Rates are influenced by many factors and can increase or decrease at any time, so the most economical company three years ago may now be quite expensive.
The vehicle requiring insurance is one of the largest factors that determines whether or not you can buy the lowest-priced car insurance in Rock Hill. Vehicles with economical engines, modern passenger safety features, or a low likelihood of liability claims will cost significantly less to insure than fast, unsafe models. The next table illustrates coverage rates for a handful of the most budget-friendly vehicles to buy insurance for.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Honda Accord LX 4-Dr Sedan||$889|
|Honda CR-V LX 2WD||$896|
|Ford Escape Limited 4WD||$964|
|Volkswagen Jetta S 2.5 Station Wagon||$973|
|Ford Focus S 4-Dr Sedan||$1,034|
|Chevrolet Silverado LS Regular Cab 2WD||$1,054|
|Toyota RAV4 Sport 4WD||$1,064|
|Ford Explorer Limited AWD||$1,075|
|Hyundai Elantra SE 4-Dr Sedan||$1,107|
|Ford Edge Sport AWD||$1,112|
|Jeep Grand Cherokee SRT-8 4WD||$1,128|
|Nissan Altima Hybrid 4-Dr Sedan||$1,137|
|GMC Sierra 2500HD SLE Extended Cab 4WD||$1,128|
|Ford F-150 STX Super Cab 2WD||$1,197|
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Prices based on single female 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, safe-driver, claim-free, and multi-vehicle. Prices do not factor in your specific Rock Hill, SC location which can change coverage prices greatly.
Based on these rates, we can presume that models like the Honda Accord, Honda CR-V, Ford Escape, Volkswagen Jetta, and Ford Focus are going to be a few of the most affordable vehicles to insure for drivers in Rock Hill.
Violations and accidents raise rates
The obvious way to score affordable car insurance rates in South Carolina for drivers in Rock Hill is to pay attention while driving and avoid traffic citations and accidents. The example below illustrates how speeding tickets and accident claims increase auto insurance rates for different ages of insureds. Data assumes a single male driver, comp and collision included, $1,000 deductibles, and no discounts are taken into consideration.
In the previous chart, the average cost of an auto insurance policy in Rock Hill per year with a clean driving record and no accidents is $1,435. Add in one speeding ticket and the average cost swells to $1,618, an increase of $184 each year. Then include two accidents along with the one speeding ticket and the annual cost of car insurance in Rock Hill increases to an average of $3,349. That's an increase of $1,914, or $160 per month, just for being a careless driver!
Full coverage rates vs. liability-only in Rock Hill
Paying a lower price for car insurance is important to the majority of people, and an easy way to pay lower rates for insurance in Rock Hill is to buy liability only. The information below shows the difference between insurance costs with full physical damage coverage compared to only buying liability only. The data assumes a clean driving record, no at-fault accidents, $250 deductibles, drivers are single, and no discounts are factored in.
As an average, physical damage coverage costs an extra $2,437 per year more than buying just liability insurance. Lot's of drivers question if physical damage coverage is worth the money. There is no specific rule that works best for making the decision to drop physical damage insurance, but there is a general convention. If the annual cost of your full coverage insurance is more than about 10% of replacement cost minus your deductible, then you might want to consider buying only liability coverage.
Get discounts on Rock Hill auto insurance rates
Insurers that offer cheap quotes in Rock Hill may provide premium discounts that can lower rates by as much as 40% or more if you meet specific criteria. Companies and some of the discounts can be read below.
- State Farm offers discounts including good driver, passive restraint, good student, driver's education, anti-theft, and Drive Safe & Save.
- Progressive policyholders can earn discounts including continuous coverage, homeowner, multi-vehicle, online quote discount, good student, multi-policy, and online signing.
- Travelers offers premium reductions for new car, continuous insurance, save driver, multi-car, IntelliDrive, and student away at school.
- American Family offers discounts for good driver, accident-free, defensive driver, air bags, Steer into Savings, and good student.
- Liberty Mutual includes discounts for hybrid vehicle, preferred payment discount, new vehicle discount, safety features, newly married, teen driver discount, and multi-policy.
The diagram below illustrates the difference between insurance costs with and without discounts applied. The rates are based on a female driver, a clean driving record, no at-fault accidents, South Carolina state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with multiple policy, passive restraint, accident-free, safe-driver, anti-theft, and vehicle safety discounts applied. When discounts are factored in, theamount saved on car insurance in Rock Hill is 28% or $511.
How to find more affordable auto insurance in Rock Hill
It is possible to find better rates, and here are some of the recommended money-saving ideas that can help drivers locate low-cost coverage.
- Vehicles with good safety ratings are usually cheaper to insure
- Do not get traffic citations
- Increase the comprehensive and collision deductibles on your policy
- Improve your credit score
- Being accident-free can lower rates significantly
- Don't waste money on full coverage for older vehicles
- Shop around for lower rates once a year
That last tip is particularly valuable, as was affirmed in this write-up. Insurance rates can be adjusted at any time, so don't be unwilling to buy from a new company if a more affordable price is available. Having brand loyalty is commendable, but we do not recommend it if that stubbornness costs you thousands of dollars over several years. Now is a great time to shop around to find cheaper car insurance in Rock Hill.