For youthful drivers, one of the largest factors that are looked at to help calculate the price you pay for insurance is the neighborhood you call home. Areas with high crime rates or more dense population like Florence, North Charleston, and Charleston will most likely pay more, whereas areas with less congestion benefit from lower rates.
The following table sorts the most expensive cities in South Carolina for young drivers to buy car insurance in.
|14||Hilton Head Island||$1,139|
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Premium costs are estimated as the garaging address in South Carolina can revise rates greatly.
The vehicle model needing coverage is one of the main factors when trying to find the best cheap car insurance for young drivers. Vehicles with higher performance characteristics, poor safety ratings, or a track record of large liability claims will cost quite a bit more to insure than safer models. The next list showcases auto insurance costs for a handful of the most cost-effective vehicles to insure in South Carolina.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda CR-V LX 2WD||$3,310|
|Honda Accord LX-P 4-Dr Sedan||$3,317|
|Hyundai Elantra SE Touring Station Wagon||$3,561|
|Ford Escape Limited 4WD||$3,566|
|Ford F-150 XL Crew Cab 2WD||$3,714|
|Volkswagen Jetta SE 2.5 Station Wagon||$3,812|
|Chevrolet Impala LT||$3,931|
|Toyota RAV4 Limited 4WD||$3,937|
|Ford Fusion S 4-Dr Sedan||$3,931|
|Toyota Tacoma Double Cab TRD Sport Package 4WD||$3,966|
|Dodge Grand Caravan Crew||$3,972|
|Ford Explorer Eddie Bauer 4WD||$3,966|
|Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr||$4,106|
|Honda Civic LX 4-Dr Sedan||$4,113|
|Ford Edge Sport AWD||$4,147|
|Toyota Camry SE||$4,155|
|Toyota Corolla LE||$4,147|
|Chevrolet Equinox LTZ AWD||$4,182|
|Chevrolet Malibu LTZ||$4,189|
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Table data represents single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and South Carolina minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium costs do not factor in garaging location in South Carolina which can impact auto insurance rates noticeably.
Looking at the numbers, you can expect cars like the Honda CR-V, Honda Accord, Hyundai Elantra, Ford Escape, and Toyota Prius should be some of the cheaper vehicles to insure for youthful drivers. The price for an auto insurance policy will be more costly because there is more liability risk for young drivers, but generally speaking those models will probably have the lowest insurance rates compared to all other vehicles.
The illustration below illustrates how your deductible choice can affect insurance costs when trying to find cheap insurance for young drivers in South Carolina. Data assumes a single female driver, comprehensive and collision coverage, and no discounts are taken into consideration.
A 30-year-old driver could cut expenses by $310 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $466 by switching to a $1,000 deductible. Younger drivers, like the Age 20 category, could reduce their rates as much as $688 or more by choosing larger deductibles on their policy. If you make the decision to raise deductibles, it will be necessary to have enough spare savings to allow you to pay the extra out-of-pocket expense, which deters some people from using high deductibles.
Get discounts on South Carolina auto insurance
Insurance companies that sell policies for young drivers could also offer rate discounts that could potentially reduce rates by 40% or more if you meet certain criteria. Popular auto insurance companies and some of the premium reductions they offer can be found below.
- GEICO discounts include defensive driver, seat belt use, anti-lock brakes, five-year accident-free, federal employee, good student, and anti-theft.
- Mercury Insurance offers discounts including low natural disaster claims, age of vehicle, good driver, accident-free, and multi-policy.
- Farmers Insurance includes discounts for distant student, alternative fuel, good student, multi-car, business and professional, and youthful driver.
- Auto-Owners Insurance policyholders can earn discounts including student away at school, multi-policy, mature driver, paperless, company car, anti-theft, and multiple vehicles.
- Liberty Mutual may include discounts for new move discount, newly married, exclusive group savings, hybrid vehicle, multi-car, and new vehicle discount.
- SAFECO has discounts for accident prevention training, safe driver, homeowner, teen safety rewards, multi-car, drive less, and bundle discounts.
- Progressive offers premium reductions for continuous coverage, homeowner, online quote discount, good student, online signing, multi-policy, and multi-vehicle.
- USAA offers discounts for driver training, annual mileage, vehicle storage, family discount, and new vehicle.
The illustration below illustrates the comparison of yearly insurance costs with and without discounts applied to the policy premium. The data assumes a female driver, no accidents or driving violations, South Carolina state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second bar shows the rates with passive restraint, paperless filing, vehicle safety, paid-in-full, anti-theft, and good student discounts applied. When drivers take advantage of discounts, theamount saved on auto insurance for young drivers is 28% or $592.
How accidents and tickets impact rates in South Carolina
In a perfect world, the best way to obtain cheap auto insurance rates in South Carolina for youthful drivers is to be a careful driver and avoid accidents and traffic citations. The chart below highlights how speeding tickets and accidents can impact auto insurance rates for different age groups. The information is based on a single female driver, comprehensive and collision coverage, $500 deductibles, and no additional discounts are factored in.
In the prior example, the average cost of car insurance per year with no accidents or violations is $1,675. Add in two speeding tickets and the average cost rises to $2,244, an increase of $569 each year. Then throw in two accidents along with the two speeding tickets and the 12-month cost of auto insurance for young drivers in South Carolina increases to an average of $4,371. That's an increase of $2,696, or $225 per month, just for a couple of infractions!
How to find low-cost auto insurance for young drivers
The list below details some thrifty suggestions that can help South Carolina drivers quote cheaper auto insurance.
- Avoid filing small claims
- Insure your home and auto with the same company
- Drive attentively and avoid accidents
- Increase your physical damage deductibles
- Clean up your credit rating
- You will pay more if you get tickets or have at-fault accidents
- Shop around for lower rates once a year
The last tip in the list is especially important, as was pointed out in this piece. Coverage prices can change in a short period of time, so drivers shouldn't be reluctant to change to a new company if you find a better deal. Many consumers stick with the same company and that's fine, but it's not recommended if your bullheadedness ends up costing you thousands of dollars over the life of your policy. Take a few minutes and compare prices and find cheaper insurance for young drivers.