Life would sure be easier if we could simply give you the name of the one company in South Carolina that has the lowest rates for low income drivers in South Carolina. Regrettably, it's not quite that easy, as there are a ton of unknown factors such as whether you are married or single, the likelihood of vehicle theft where you live, the annual mileage you drive, and if you are a homeowner, that all have an effect on the price. The content below covers the best ways to avoid high prices and also should give you a good start to your coverage search.

The vehicle requiring coverage is a large consideration when trying to find low-priced coverage for low income drivers. Vehicles with limited top-end speed, good safety features, or a low likelihood of liability claims will cost significantly less to insure than fast, unsafe models.

The data below showcases insurance rates for the cheaper automobiles to buy coverage for.

Cheapest Vehicles to Insure for Infrequent Drivers in South Carolina
Vehicle Estimated Cost for Full Coverage
Honda Accord LX 4-Dr Sedan $821
Ford Escape XLT 2WD $898
Ford Edge SE 2WD $901
Honda CR-V LX 2WD $927
Toyota Tacoma 2WD $954
Volkswagen Jetta SE 2.5 Station Wagon $964
Ford Explorer Eddie Bauer AWD $990
Toyota Prius $999
Dodge Grand Caravan CV $1,005
Ford F-350 XL Super Cab 2WD $1,009
Toyota Corolla S $1,025
Ford F-150 XL Crew Cab 4WD $1,032
Toyota Camry SE $1,025
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Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and South Carolina minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Prices do not factor in specific zip code location which can decrease or increase price quotes considerably.

Looking at the data, we can tell that cars like the Honda Accord, Ford Escape, Ford Edge, and Honda CR-V will be some of the less-costly vehicles to insure for poor drivers.

For poor drivers, one of the more important things that are looked at to determine insurance cost is the neighborhood you call home. Areas with high crime rates or more dense population like North Charleston, Summerville, and Goose Creek will most likely pay more, whereas areas with less people or fewer weather incidents have the benefit of cheaper car insurance.

The following table shows the most expensive places in South Carolina for low income drivers to purchase a policy in.

Where does South Carolina rank for car insurance cost?
Rank City Annual Rate
1 North Charleston $1,301
2 Charleston $1,285
3 Summerville $1,278
4 Florence $1,272
5 Goose Creek $1,246
6 Socastee $1,235
7 Mount Pleasant $1,213
8 Myrtle Beach $1,210
9 Sumter $1,202
10 Columbia $1,189
11 Saint Andrews $1,160
12 Greenville $1,144
13 Greenwood $1,132
14 Anderson $1,127
15 Hilton Head Island $1,127
16 Spartanburg $1,116
17 North Augusta $1,106
18 Rock Hill $1,102
19 Aiken $1,086
20 Wade Hampton $1,080
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Rates are comparative as specific location information can alter prices significantly.

Figuring out which company offers the cheapest insurance rates for low income drivers in South Carolina may require a tad more effort in order to find coverage that fits your budget. Every car insurance company uses a little different formula to determine rates, so we'll take a look at the most budget-friendly insurance companies in South Carolina.

Cheapest Insurance Rates in South Carolina

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Who has the cheapest car insurance in South Carolina?
Rank Company Cost Per Year
1 The Hartford $775
2 USAA $1,025
3 State Auto $1,094
4 Auto-Owners $1,119
5 Southern Farm Bureau $1,248
6 SC Farm Bureau Mutual $1,298
7 National Grange Mutual $1,335
8 State Farm $1,380
9 Travelers $1,384
10 Allstate $1,589
11 Progressive $1,643
12 Encompass $1,657
13 Nationwide $1,814
14 Safe Auto $1,927
15 GEICO $2,001
16 Bristol West $2,395
17 Liberty Mutual $2,489
18 Safeco $2,771
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The Hartford generally has some of the cheapest car insurance rates in South Carolina at around $775 annually. This is $834 less than the average policy premium paid by South Carolina drivers of $1,609. USAA, State Auto, Auto-Owners, and Southern Farm Bureau also qualify as some of the best South Carolina car insurance companies.

As shown in the table above, if you currently buy coverage from Auto-Owners and switched to USAA, you may realize savings of in the neighborhood of $94. Customers with Southern Farm Bureau might save as much as $223 a year, and SC Farm Bureau Mutual policyholders might lower prices by $273 a year.

Bear in mind that those rates are averages for all drivers and vehicles and and are not figured with a rate decrease for low income drivers. So the company that is best for you may not even be in the top 18 companies shown above. That emphasizes why you need to compare rates from multiple companies using your own driver and vehicle profiles.

Comparison of full coverage and liability-only policies

Saving on insurance is important to the majority of drivers, and one of the fastest ways to pay lower rates for insurance for low income drivers in South Carolina is to not insure for full coverage. The illustration below compares insurance prices with full physical damage coverage compared to only buying liability only. The premiums are based on no accidents or driving violations, $100 deductibles, marital status is single, and no additional discounts are factored in.

Averaged out for all age groups, comp and collision coverage costs an additional $1,957 per year more than carrying just liability coverage. Many drivers will wonder if you should buy full coverage. There is no definitive guideline of when to phase out physical damage insurance, but there is a broad guideline. If the yearly cost for physical damage coverage is more than about 10% of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.

There are some cases where dropping full coverage is not advised. If you still owe money on your vehicle, you are required to maintain full coverage to protect the lienholder's interest in the vehicle. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not buy liability only.

Buying coverage from the top auto insurance provider can be a challenge considering how many companies sell insurance in South Carolina. The company ratings shown below could help you pick which auto insurers to look at when comparing rate quotes.

These ratings only include companies who write in the majority of U.S. states, so smaller regional companies are not factored into the list. To compare prices from these companies and more, click this link.

Top 10 Large Car Insurance Companies in South Carolina Ranked by Claims Service

  1. Travelers
  2. Nationwide
  3. Allstate
  4. State Farm
  5. Liberty Mutual
  6. GEICO
  7. American Family
  8. Esurance
  9. Titan Insurance
  10. AAA Insurance

Top 10 Large Car Insurance Companies in South Carolina Ranked by A.M. Best Rating

  1. Travelers - A++
  2. USAA - A++
  3. GEICO - A++
  4. State Farm - A++
  5. Titan Insurance - A+
  6. Esurance - A+
  7. Progressive - A+
  8. Nationwide - A+
  9. The Hartford - A+
  10. Allstate - A+

Get discount South Carolina car insurance

Insurance companies that offer cheap quotes for low income drivers could also offer special discounts that could potentially reduce rates by as much as 40% or more if you are eligible for them. Larger insurance companies and some of their more popular discounts are detailed below.

The example below illustrates the comparison of insurance premiums with and without discounts. The rate quotes are based on a male driver, no claims or violations, South Carolina state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The lower bar shows the rates with claim-free, multiple vehicle, safe-driver, defensive driving course, marriage, and passive restraint discounts applied. When drivers take advantage of discounts, the average amount saved each year on insurance for low income drivers is 28% or $540.

How to find budget-friendly car insurance for low income drivers

Below you'll find some penny-pinching solutions that can help drivers quote more affordable coverage.

That final tip is very vital, as we noted in the prior article. Auto insurance rates vary considerably, so don't be tentative to buy from a different company if a more affordable rate is found. Having a favorite company is great, but it isn't a good idea if it's costing you a considerable chunk of change every month. It only take a few minutes to shop around and find cheaper car insurance for low income drivers.