Want to know how to find lower-priced car insurance rates in Mount Pleasant, SC? Buying lower priced quotes online may be rather difficult for vehicle owners that are not comfortable with quoting and shopping for insurance over the internet. Because there are so many online companies, how are we expected to effectively compare every company in order to find the lowest rates?
Surprisingly, a recent survey revealed that the majority of drivers kept buying from the same company for a minimum of four years, and virtually 40% of consumers have never even shopped around for cheap coverage. Many drivers in Mount Pleasant could save almost 55% each year just by getting comparison quotes, but most undervalue the large savings they would see if they just switched companies.
It's smart to check car insurance prices at least once a year because car insurance prices trend upward over time. Just because you had the best rate on car insurance at your last renewal a different company probably has better premium rates today. There is a lot of bad advice regarding car insurance on the web, but by reading this article, you're going to learn some proven techniques to save money.
Best companies for South Carolina auto insurance
The auto insurance companies shown below have been selected to offer price quotes in Mount Pleasant, SC. If several companies are displayed, we recommend you compare several of them to get the lowest price.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Equinox LS AWD||$1,004||$502||$84|
|Chevrolet Impala LTZ||$1,124||$562||$94|
|Chevrolet Malibu LS||$918||$459||$77|
|Chevrolet Silverado Crew Cab Hybrid 2WD||$1,302||$651||$109|
|Dodge Grand Caravan Hero||$1,210||$605||$101|
|Dodge Ram Crew Cab Laramie 2WD||$1,070||$535||$89|
|Ford Escape Limited 2WD||$1,048||$524||$87|
|Ford Explorer Eddie Bauer 2WD||$1,368||$684||$114|
|Ford F-150 XL Regular Cab 4WD||$1,088||$544||$91|
|Ford Focus S 4-Dr Sedan||$1,036||$518||$86|
|Honda Accord LX-S 2-Dr Coupe||$1,072||$536||$89|
|Honda CR-V EX-L 2WD||$894||$447||$75|
|Honda Civic DX 2-Dr Coupe||$1,052||$526||$88|
|Hyundai Sonata SE 4-Dr Sedan||$1,008||$504||$84|
|Kia Optima LX||$1,384||$692||$115|
|Mazda 3 S Sport 4-Dr Hatchback||$1,150||$575||$96|
|Nissan Altima 3.5 SR 4-Dr Sedan||$1,086||$543||$91|
|Toyota Camry Hybrid||$1,180||$590||$98|
|Toyota Corolla LE||$1,098||$549||$92|
|Get Your Own Custom Quote Go|
Above prices assume married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and South Carolina minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Price information does not factor in vehicle garaging location which can alter prices noticeably.
Liability only or full coverage
The information below visualizes the comparison of Chevrolet Malibu auto insurance costs when comparing full coverage to state minimum liability only. The prices are based on no tickets, no at-fault accidents, $500 deductibles, single male driver, and no other discounts are factored in.
Chevrolet Malibu rates are for example purposes only. To get rates for your specific vehicle, click here.
Should you pay for full coverage or liability only?
There isn't a written rule of when to phase out full coverage, but there is a general convention. If the yearly cost of comp and collision coverage is more than around 10% of the vehicle's replacement cost less your deductible, then it's probably a good time to buy liability coverage only.
For example, let's say your Chevrolet Malibu replacement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, you would only receive $5,000 after paying your deductible. If premium cost is more than $500 a year to have full coverage, then you might want to consider buying only liability coverage.
There are some circumstances where removing full coverage is not a good idea. If you still have a lienholder on your title, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should not opt for liability only.
Should you raise deductibles?
When shopping for auto insurance, a common question is how high should the physical damage deductibles be. The rates shown below can help you visualize the rate differences when you buy lower versus higher coverage deductibles. The first rate quote example uses a $100 physical damage deductible and the second set of rates uses a $1,000 deductible.
Nissan Sentra rates are for example purposes only. To get rates for your specific vehicle, click here.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Sentra 2.0 S||$256||$624||$342||$20||$102||$1,369||$114|
|Sentra 2.0 SR||$256||$624||$342||$20||$102||$1,369||$114|
|Sentra 2.0 SL||$294||$624||$342||$20||$102||$1,407||$117|
|Sentra SE-R SPEC V||$294||$720||$342||$20||$102||$1,503||$125|
|Get a Quote for Your Vehicle Go|
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Sentra 2.0 S||$142||$330||$342||$20||$102||$936||$78|
|Sentra 2.0 SR||$142||$330||$342||$20||$102||$936||$78|
|Sentra 2.0 SL||$162||$330||$342||$20||$102||$956||$80|
|Sentra SE-R SPEC V||$162||$380||$342||$20||$102||$1,006||$84|
|Get a Quote for Your Vehicle Go|
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and South Carolina minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, multi-policy, and homeowner. Price information does not factor in vehicle garaging location which can revise premium rates greatly.
Using the premium rates above, we can conclude that using a $100 deductible costs an average of $37 more each month or $444 each year than opting for the higher $1,000 deductible. Since you would have to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to go more than 24 months between claims, you would come out ahead by selecting a higher deductible. Below is a better example of how you can make this decision for your own policy.
|Average monthly premium for $100 deductibles:||$116|
|Average monthly premium for $1,000 deductibles (subtract):||- $79|
|Monthly savings from raising deductible:||$37|
|Difference between deductibles ($1,000 - $100):||$900|
|Divide difference by monthly savings:||$900 / $37|
|Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible||24 months|
One important note is that raising deductibles means you will have to pay more when you do file a claim. You need to make sure you have some savings in the bank in order to pay the higher deductible in order to repair your vehicle.
Good choices result in lower costs
Smart consumers have a good feel for a few of the rating criteria that are used to determine your policy premiums. When you know what positively or negatively positively or negatively impacts your premiums, this allows you to make educated decisions that could help you find lower auto insurance prices. Lots of things are used in the calculation when quoting car insurance. Most are fairly basic like a motor vehicle report, but some are less obvious such as your credit history and annual miles driven.
How many miles do you drive? - Driving more miles in a year's time the higher your rate. Most companies apply a rate based upon how the vehicle is primarily used. Vehicles that do not get driven very much get more affordable rates than vehicles that are driven to work every day. It's always a good idea to double check that your policy reflects the correct usage, because it can save money.
Alarm systems systems cut premiums - Choosing to buy a car with a theft deterrent system can save you some money. Theft prevention features such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all help prevent car theft and help bring rates down.
Good credit saves on auto insurance - An insured's credit rating is a large factor in determining what you pay. Drivers who have excellent credit tend to be better risks to insure than drivers who have lower credit scores. If your credit rating is lower than you'd like, you could potentially save money when insuring your vehicle if you improve your credit rating.
Liability protection is critical - The liability coverage on your policy will protect you if you are found liable for causing personal injury or damage in an accident. Your liability coverage provides for a legal defense which can cost thousands of dollars. This coverage is very inexpensive compared to physical damage coverage, so do not cut corners here.
Combine home and auto and save - Most major companies will give better rates to clients who buy several policies from them, otherwise known as a multi-policy discount. The discount can be anywhere from five to ten percent in most cases. Even if you already get this discount, you may still want to get quotes from other companies to help guarantee you have the best rates.
Additional coverages that may be costing you - Policies have extra coverages you can purchase on your auto insurance policy. Things like vanishing deductibles, towing coverage, and membership fees are examples of these. You may think they are a good idea at first, but if you've never needed them in the past get rid of them and save.
Men pay higher costs - Over the last 50 years, statistics have shown women are more cautious behind the wheel. It does not mean men are WORSE drivers than women. They both tend to get into accidents at about the same rate, but guys cause more damage and cost insurance companies more money. Men also statistically get ticketed for serious violations like DWI (DUI) or reckless driving. Young men ages 16 to 20 generally have the highest accident percentage and are penalized with high auto insurance rates.
Affordable rates by getting discounts
Car insurance companies don't always advertise every possible discount very well, so the next list breaks down both well-publicized and the harder-to-find insurance savings.
- Anti-lock Brake Discount - Cars, trucks, and SUVs with ABS braking systems or traction control prevent accidents so companies give up to a 10% discount.
- College Student - Older children who attend college more than 100 miles from Mount Pleasant and leave their car at home could qualify for this discount.
- Mount Pleasant Homeowners Pay Less - Just owning your own home can help you save on insurance since owning and maintaining a home demonstrates responsibility.
- E-sign Discounts - Some companies may give you up to $50 for buying a policy and signing up on the internet.
- Accident Forgiveness - This one is not really a discount per se, but a few companies such as Allstate and State Farm permit an accident before your rates go up as long as you don't have any claims for a certain period of time.
- Driving Data Discount - Drivers that enable their insurance company to analyze when and where they use their vehicle by using a telematics device like In-Drive from State Farm and Progressive's Snapshot might see lower rates if their driving habits are good.
- Discount for Passive Restraints - Options like air bags and/or automatic seat belt systems may get savings of more than 20%.
- Early Signing - Some companies provide a discount for buying a policy early. It could save around 10% when you buy Mount Pleasant car insurance online.
- Safety Course Discount - Taking part in a course that instructs on driving safety could save 5% or more depending on where you live.
- More Vehicles More Savings - Buying a policy with primary and secondary vehicles with one company could earn a price break for each car.
As is typical with insurance, some of the credits will not apply to the whole policy. Some only reduce individual premiums such as medical payments or collision. Just because it seems like you could get a free insurance policy, that's just not realistic.
To choose insurers with significant discounts in Mount Pleasant, follow this link.
Compare rates but buy from a local neighborhood Mount Pleasant car insurance agent
Certain consumers just want to visit with an insurance agent and that is recommended in a lot of cases An additional benefit of getting free rate quotes online is that drivers can save money and get lower prices and still have an agent to talk to. And buying from local agents is still important in Mount Pleasant.
After completing this short form, your information is instantly submitted to participating agents in Mount Pleasant who want to provide quotes and help you find cheaper coverage. You don't have to leave your computer since rate quotes are delivered directly to your email. You can find lower rates and work with a local agent. If you need to quote rates for a specific company, you would need to go to their quote page to submit a rate quote request.
When researching a good insurance agency, there are a couple of different agency structures and how they differ in how they quote coverages. Agencies in Mount Pleasant can either be independent or exclusive depending on the company they work for.
Independent Auto Insurance Agencies or Brokers
Independent agencies are normally appointed by many insurers so as a result can place your coverage through many different auto insurance companies and help determine which has the cheapest rates. To move your coverage to a new company, they simply move the coverage in-house and you don't have to find a new agent.
When comparison shopping, we recommend you get several quotes from at a minimum one independent agency in order to compare the most rates. Most can insure with smaller mutual companies that may have much lower rates than larger companies.
Exclusive Auto Insurance Agents
These type of agents generally can only insure with one company such as Farmers Insurance and State Farm. Exclusive agencies are unable to compare rates from other companies so if the price isn't competitive there isn't much they can do. Exclusive agents are trained well on their products and sales techniques and that enables them to sell even at higher rates. Consumers sometimes use the same exclusive agent mostly because of loyalty to the company and solid financial strength.
Choosing the best car insurance agent requires you to look at more than just a cheap quote. Any agent in Mount Pleasant should be willing to answer these questions.
- Does the agent have professional designations like CIC, CPCU or AIC?
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- Will they give you a referral list?
- Are there any discounts for paying up front?
- What companies can they write with?
- Does the company have a solid financial rating?
- Is working in the agency their full-time job?
If you receive good responses to any questions you have and locked in a price quote, most likely you have located an auto insurance agent that is reliable enough to properly insure your vehicles. But remember, consumers can cancel your coverage whenever you wish so never feel that you are permanently stuck with a specific agent for the full policy term.
Save $390 a year! What?
Well-known car insurance companies like GEICO, State Farm and Progressive endlessly run ads on television and other media. They all seem to try to convey promises that drivers will save a bundle just by moving your policy. How is it possible that every company can charge lower premium rates?
Most companies have underwriting criteria for the right customer that earns them the highest profit. A good example of a profitable insured could be over the age of 35, carries full coverage, and drives less than 10,000 miles a year. Any person that matches those criteria will get a cheap rate quote in Mount Pleasant and will most likely cut their car insurance rates if they switch.
Drivers who fall short of the ideal profile will get higher premiums with the end result being the customer not purchasing. The ads say "customers that switch" not "all people who quote" save money. That is how insurance companies can confidently make those claims.
Because every company is different, you should get a wide range of price quotes. Because without a comparison, you cannot know which car insurance company will have the best car insurance in Mount Pleasant.
What is YOUR best insurance company?
People leave their current company for a variety of reasons including high rates after DUI convictions, questionable increases in premium, being labeled a high risk driver and even poor customer service. Regardless of your reason for switching companies, finding a great new company is less work than it seems.
You just read a lot of techniques to find cheaper coverage online. It's most important to understand that the more providers you compare, the higher your chance of finding the cheapest Mount Pleasant car insurance quotes. You may even be surprised to find that the most savings is with the smaller companies.
Cheaper car insurance in Mount Pleasant is attainable from both online companies as well as from insurance agents, so you should compare both in order to have the best price selection to choose from. There are still a few companies who don't offer rates over the internet and usually these small, regional companies work with local independent agencies.
- Auto Insurance Facts and Statistics (Insurance Information Institute)
- Who Has Cheap Auto Insurance Rates for a Ford Explorer in South Carolina? (FAQ)
- What is the Cheapest Car Insurance in Goose Creek, South Carolina? (FAQ)
- What is Gap Insurance? (Insurance Information Institute)
- Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)
- State Laws for Cellphones and Texting (iihs.org)