Wouldn't it be awesome if we could look into our crystal ball and tell you that one perfect company that has the best auto insurance prices for felons? It's just not that easy, however, as there are many unknowns like the vehicle you drive, your marital status, the neighborhood you live in, and citations or tickets. We will try to teach you about some of these criteria and will hopefully give the reader a good start in finding the cheapest car insurance for felons.
Finding low-priced car insurance is not the easiest thing to do, and figuring out which companies offer the best car insurance rates for felons in South Carolina takes even more work. Every car insurance company uses a different method to set their prices, so first let's look at the rankings for the car insurance companies that tend to be cheaper in South Carolina.
It's important that you understand South Carolina car insurance rates are impacted by many things which can substantially decrease or increase the policy premium. This price variability is why it is so important to spend some time comparing rates when trying to get the best auto insurance quotes for felons. Car insurance prices consist of many things and change frequently, so the best price the last time you shopped your coverage around may now be one of the higher cost companies.
Cheap Insurance Rates for Felons
|Rank||Company||Cost Per Year|
|5||SC Farm Bureau Mutual||$1,260|
|6||Southern Farm Bureau||$1,260|
|8||National Grange Mutual||$1,375|
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The Hartford has some of the cheapest car insurance rates in South Carolina at around $745 per year. USAA, State Auto, Auto-Owners, and SC Farm Bureau Mutual also qualify as some of the best South Carolina car insurance companies.
As shown in the rates above, if you currently have a policy with Auto-Owners and switched to The Hartford, you might achieve savings of upwards of $362. South Carolina drivers with SC Farm Bureau Mutual could save as much as $515 a year, and Southern Farm Bureau insureds might reduce prices by as much as $515 a year.
Be aware that those prices are averages for all types of insureds and vehicles and and are not calculated with a rate discount for felons. So the insurer that can offer you the lowest price may not even be in the top 18 companies shown above. That underscores the importance of why you need to get quotes using your own individual information.
The car, truck, or SUV to be insured is one of the largest considerations when comparing quotes for economical coverage for felons. Vehicles with high performance, poor safety ratings, or a history of substantial liability claims will cost significantly more to insure than more economical and safe models. The list below estimates car insurance prices for a selection of the most economical automobiles to insure in South Carolina.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLT 2WD||$811|
|Honda CR-V EX-L 2WD||$829|
|Toyota Tacoma 4WD||$909|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$972|
|Honda Accord LX 4-Dr Sedan||$994|
|Nissan Rogue S AWD||$1,027|
|Ford Edge SE 2WD||$1,088|
|Ford F-150 STX Regular Cab 2WD||$1,096|
|Toyota Camry Hybrid||$1,095|
|Chevrolet Silverado LS Extended Cab 4WD||$1,097|
|Dodge Grand Caravan Hero||$1,107|
|Chevrolet Impala LT||$1,097|
|Toyota RAV4 4WD||$1,107|
|Volkswagen Jetta S 4-Dr Sedan||$1,097|
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Above prices assume single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and South Carolina minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Rate information does not factor in specific location which can revise premium rates noticeably.
Based upon these rates, you can figure that cars like the Ford Escape, Honda CR-V, Toyota Tacoma, Jeep Wrangler, and Honda Accord are going to be some of the most budget-friendly vehicles to insure for felons.
One of the many considerations that help determine the cost of insurance is your zip code. Areas with increased crime or more people like Goose Creek, Summerville, and Socastee tend to have more expensive car insurance rates, whereas less populated areas have the gratification of cheaper auto insurance rates.
The next table lists the most expensive areas in South Carolina for felons to purchase a policy in.
|12||Hilton Head Island||$1,173|
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Rate quotes are approximated as the specific zip code location can modify coverage rates greatly.
How to get discounts on South Carolina insurance rates
Insurance companies that provide policies for felons may provide premium discounts that could reduce prices by 25% or more if you can meet the requirements. Large car insurance companies and some of the premium reductions they offer are included below.
- GEICO may have discounts that include good student, daytime running lights, multi-vehicle, seat belt use, membership and employees, five-year accident-free, and multi-policy.
- Mercury Insurance has discounts for annual mileage, good student, anti-theft, age of vehicle, multi-policy, professional/association, and location of vehicle.
- Farmers Insurance discounts include business and professional, bundle discounts, alternative fuel, pay in full, and electronic funds transfer.
- Auto-Owners Insurance offers premium reductions for multi-policy, safe vehicle, air bags, anti-lock brakes, mature driver, and paperless.
- Liberty Mutual offers discounts including exclusive group savings, safety features, preferred payment discount, new graduate, newly married, multi-car, and new move discount.
- SAFECO policyholders can earn discounts including accident prevention training, bundle discounts, drive less, anti-lock brakes, homeowner, and anti-theft.
- Progressive may include discounts for multi-vehicle, multi-policy, online quote discount, homeowner, online signing, good student, and continuous coverage.
- USAA has savings for multi-vehicle, multi-policy, military installation, safe driver, and loyalty savings.
The diagram below visualizes the comparison of yearly insurance costs with and without policy discounts. The rates are based on a female driver, no driving violations, 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 shows the rates with passive restraint, multiple policy, claim-free, multiple vehicle, safe-driver, and marriage discounts applied. When these discounts are applied to the policy premium, the average savings per year on car insurance for felons is 28% or $700.
The diagram below demonstrates how choosing different deductibles can influence insurance prices when searching for cheap insurance for felons in South Carolina. The premiums are based on a single female driver, comp and collision included, and no discounts are taken into consideration.
The data above shows that a 30-year-old driver could cut expenses by $310 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $466 by selecting a $1,000 deductible. Youthful drivers, like the Age 20 category, have the ability to save up to $688 every year by using a higher deductible.
When insureds make the decision to increase the deductibles on their policy, it will now be necessary to have enough savings set aside to offset the extra out-of-pocket expense. That is the one drawback of using higher deductibles.
Difference between full coverage and liability only rates
Buying cheaper car insurance is probably important to most vehicle owners, and a great way to find cheap insurance for felons in South Carolina is to only pay for liability coverage. The chart below compares auto insurance costs with full coverage and liability only. The price estimates are based on a clean driving record, no claims, $250 deductibles, drivers are not married, and no other discounts are factored in.
If averaged for all ages, comp and collision coverage costs $1,794 per year more than buying just liability insurance. That amount may make you wonder when is the right time to remove full coverage. There is no written rule of when to eliminate full coverage, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than around 10% of any settlement you would receive from your insurance company, then you might want to think about dropping full coverage.
There are some situations where removing full coverage is not a good plan. If you still have a loan on your vehicle, you have to maintain full coverage to protect the lienholder's interest. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should not drop full coverage.
Why are you paying too much for car insurance?
South Carolina car insurance rates are based on many factors which can significantly increase or decrease the cost of coverage. Simply having a birthday, getting divorced, or getting a DUI can cause premium changes resulting in some rates now being cheaper than competitors.
Not only may things change on your end, but insurers modify rates multiple times each year to adjust for unexpected claims or profits. An extended period of higher than normal claims may cause additional price hikes, while lower claim levels may produce cheaper South Carolina car insurance rates.
As an example, the chart below shows the company with the cheapest car insurance in South Carolina for a 40-year-old male driver with no violations or accidents, and solid credit. If we estimate prices based on his personal risk profile, The Hartford quotes the lowest car insurance rates in South Carolina at $775 a year. This is $834 less than the average premium paid by South Carolina drivers of $1,609. USAA, State Auto, Auto-Owners, and Southern Farm Bureau are also on the list of the most affordable South Carolina auto insurance companies.
Let's now give the driver in the first example an at-fault accident, a lower credit score, and a blemish on his driving record. Due to the fact that every auto insurer uses their own calculation to set premium rates, getting updated rate quotes will most likely result in a significantly different list of the cheapest car insurance companies in South Carolina as shown below.
Travelers now has the cheapest insurance rate in South Carolina with USAA, National Grange Mutual, State Farm, and The Hartford also being competitive. This demonstrates why it is crucial to take the time to shop around to find cheap insurance quotes for felons.
Insurance rates are impacted by many risk factors and can change substantially, so the best price when you last compared rates may now be one of the higher cost companies.