You have most likely seen the captivating commercials from insurers like Farmers and Progressive that say if you switch you'll get big savings, so you should just pick the one with the best commercial, right?
Unfortunately, it's not that simple as there are a whole slew of unknown aspects like how safe your vehicle is, whether or not you are currently insured, and how much you actually drive in a year, that all influence how much you pay for auto insurance. This article covers the best ways to avoid paying too much and will hopefully give the reader a good beginning to your quest for cheaper car insurance for women age 20.
Shopping around for cost effective auto insurance is hard enough, and deciding which companies quote the lowest-priced insurance rates for 20 year old women in South Carolina calls for even more diligence. Rates will be quite a bit more than the state average due to the higher likelihood of claims that goes along with selling coverage for young women, but competitively-priced coverage should be attainable if you are thorough.
Each insurance company has their own guidelines for setting prices, so let's rank the insurance companies that tend to be cheaper in South Carolina. It's important that you understand South Carolina insurance rates are based on many factors which can substantially change the policy premium. This is why it is so important to compare as many rates as possible to find the cheapest car insurance rates for 20 year old women. Insurance rates can be altered by many different factors and change frequently, so the most economical option a year ago may now be quite expensive.
Find Cheaper Car Insurance for Women Age 20
|Rank||Company||Cost Per Year|
|5||Southern Farm Bureau||$1,248|
|6||SC Farm Bureau Mutual||$1,298|
|8||National Grange Mutual||$1,375|
|Quote Your Rates Go|
The Hartford offers some of the cheapest car insurance rates in South Carolina at around $745 each year. USAA, State Auto, Auto-Owners, and Southern Farm Bureau would also be considered some of the cheapest South Carolina auto insurance companies.
As depicted above, if you currently have a policy with USAA and switched to The Hartford, you could earn a yearly savings of in the neighborhood of $270. Policyholders with State Auto may save as much as $360 a year, and Auto-Owners insureds might realize rate reductions of up to $408 a year.
To see how much you can save, click here to get quotes or visit several of the following companies.
These premiums are averaged across all drivers and vehicles in South Carolina and do not take into consideration a price surcharge for 20 year old women. So the car insurance company that fits your needs best may not even be in the list above. That is why you need to quote rates from as many companies as possible using your own individual information.
The vehicle model you are trying to insure is one of the largest factors when comparing economical auto insurance for 20 year old women. Vehicles with economical engines, a great safety record, or a low likelihood of liability claims will cost less to insure than adrenaline junky models.
The list below shows auto insurance premiums for the most budget-friendly automobiles to buy insurance for.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V LX 4WD||$1,783|
|Ford Escape Limited 2WD||$1,809|
|Ford Edge SE 2WD||$1,973|
|Ford F-150 STX Regular Cab 4WD||$1,999|
|Toyota Tacoma 2WD||$2,087|
|Chevrolet Equinox LT 2WD||$2,113|
|Toyota RAV4 Sport 4WD||$2,123|
|Jeep Grand Cherokee Laredo 2WD||$2,113|
|Ford Fusion S 4-Dr Sedan||$2,122|
|Ford Explorer Eddie Bauer 4WD||$2,140|
|Dodge Grand Caravan Crew||$2,147|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$2,173|
|Ford Focus SES 4-Dr Sedan||$2,201|
|Nissan Altima 2.5 S 4-Dr Sedan||$2,228|
|Toyota Corolla S||$2,236|
|Honda Odyssey EX-L W/Rear Entertainment||$2,228|
|Hyundai Elantra GLS 4-Dr Sedan||$2,237|
|Chevrolet Impala LTZ||$2,228|
|Chevrolet Malibu LTZ||$2,254|
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Prices above based on single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and South Carolina minimum liability limits. Discounts applied include safe-driver, and claim-free. Rates do not factor in the specific area where the vehicle is garaged which can lower or raise price quotes significantly.
Looking at the numbers, we can presume that models like the Honda CR-V, Ford Escape, Toyota Prius, and Ford Edge should be the most affordable vehicles to insure for young women. Rates will trend higher just due to the fact that there is more claim exposure for 20 year old women, but generally speaking those particular vehicles will most likely have the least expensive rates possible.
For young women, one of the more important considerations that are looked at to help calculate the annual cost of car insurance is where your residence is. Regions with more people or even just more weather-related claims like Charleston, North Charleston, and Summerville tend to have higher rates, whereas areas with fewer weather claims and lower vehicle theft rates benefit from lower prices.
The following table rates the most expensive areas in South Carolina for 20 year old women in which to buy car insurance.
|11||Hilton Head Island||$1,162|
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Rate quotes are comparative as the specific South Carolina residence address can modify coverage prices noticeably.
The chart below highlights how deductible selection can influence yearly insurance costs when getting quotes for cheap insurance for 20 year old women in South Carolina. The data is based on a single male driver, full coverage, and no other discounts are factored in.
As shown above, a 40-year-old driver could reduce rates by $280 a year by increasing from a $100 deductible to a $500 deductible, or save $424 by changing to a $1,000 deductible. Even younger drivers, such as the Age 20 example, could save $920 or even more just by using higher deductibles. When insureds make the decision to increase the deductibles on their policy, it will be important to have spare funds to allow you to cover the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
Get discount South Carolina insurance
Insurance providers that sell policies for 20 year old women may also offer premium discounts that could potentially reduce rates by as much as 35% or more if you meet specific criteria. A few of the larger companies and their possible discounts are:
- GEICO may have discounts that include emergency military deployment, seat belt use, military active duty, driver training, multi-policy, multi-vehicle, and federal employee.
- USAA has savings for loyalty savings, good student, defensive driver, family discount, multi-vehicle, and driver training.
- Progressive offers discounts for continuous coverage, good student, homeowner, online quote discount, multi-vehicle, and multi-policy.
- American Family offers premium reductions for good driver, accident-free, mySafetyValet, bundled insurance, multi-vehicle, good student, and Steer into Savings.
- Esurance has discounts for claim free, renters, Pac-12 alumni, DriveSense, and anti-lock brakes.
- Farmers Insurance includes discounts for multi-car, alternative fuel, distant student, bundle discounts, and early shopping.
- State Farm may include discounts for passive restraint, safe vehicle, multiple autos, accident-free, good driver, and multiple policy.
The example below shows the difference between yearly insurance costs with and without discounts applied. The premiums are based on a male driver, no claims or violations, South Carolina state minimum liability limits, comp and collision included, and $250 deductibles.
The first bar for each age group shows premium with no discounts. The lower bar shows the rates with vehicle safety, continuous coverage, passive restraint, paperless filing, good student, and anti-theft discounts applied. When taking advantage of discounts, theaverage yearly reduction on insurance for 20 year old women is 19% or $444.
Irresponsible driving raises your rates
The easiest way to get low insurance premiums for young women is to pay attention while driving and avoid accidents and traffic violations. The diagram below shows how speeding tickets and at-fault accidents can affect insurance costs for each age group. The price estimates are based on a single male driver, full physical damage coverage, $1,000 deductibles, and no policy discounts are applied.
The chart shows that the average cost of an auto insurance policy in South Carolina per year with no violations or accidents is $1,435. Get one speeding ticket and the average cost rises to $1,618, an increase of $184 each year. Now throw in one accident along with the one speeding ticket and the annual cost of insurance for 20 year old women in South Carolina jumps again to an average of $2,126. That's an increase of $691, or $58 per month, just for not maintaining a clean driving record!
Chances are good that you're overpaying for South Carolina car insurance
South Carolina insurance rates are calculated based on many things that may substantially change the cost of having a policy. Simply having another birthday, buying a home instead of renting, or getting a few speeding tickets can produce rate changes that can cause some rates to be more affordable than before.
Not only may your situation change, but car insurance companies change the rates they charge in South Carolina as often as every quarter to reflect underwriting profits or losses. Higher than usual claims may result in rate increases, while profitable underwriting may result in cheaper South Carolina car insurance rates.
For example, the bar chart below shows rates for the cheapest car insurance in South Carolina for a 45-year-old female driver with no violations or accidents, and a good credit rating. When quoting prices based on her personal profile, The Hartford quotes the lowest car insurance rates in South Carolina at $745 each year. This is $864 less than the average price paid by South Carolina drivers of $1,609. USAA, State Auto, Auto-Owners, and Southern Farm Bureau round out the rest of the best South Carolina auto insurance companies.
The next chart shows rates after we give the driver from the first rate comparison an accident surcharge, poor credit, and a few traffic violations. Since every car insurance company has a unique formula to determining premium rates, comparing insurance quotes may now result in a significantly different list of the cheapest companies as shown below.
Travelers now has the lowest car insurance rate in South Carolina with National Grange Mutual, USAA, State Farm, and The Hartford now rounding out the top five. This example proves why it is critical to perform an extensive rate comparison to get the most budget-friendly auto insurance quotes for 20 year old women.
Insurance prices are impacted by many factors and change dramatically, so the lowest-price company two years ago may now be priced much higher than other options.