The words "economical" and "insurance" really shouldn't be used in the same sentence, especially when looking for the lowest insurance rates for a learners permit. Let's introduce you to some of the factors that have a considerable impact on car insurance premiums, and figure out some ideas to lower the cost of the next policy you buy.
The type of vehicle you are seeking coverage for is a significant factor when comparison shopping for economical car insurance for a learners permit. Vehicles with higher performance characteristics, a lack of safety features, or an increased likelihood of liability claims will cost much more to insure than more modest models. The list below ranks coverage prices for a selection of the most economical vehicles to insure.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Ford Escape XLT 2WD||$3,635|
|Honda Accord EX 4-Dr Sedan||$3,642|
|Honda CR-V EX-L 2WD||$3,669|
|Volkswagen Jetta S 2.5 Station Wagon||$3,892|
|Ford Explorer XLT 2WD||$4,090|
|Dodge Grand Caravan CV||$4,099|
|Toyota Tacoma 4WD||$4,090|
|Honda Civic DX 4-Dr Sedan||$4,278|
|Ford Edge SEL 2WD||$4,287|
|Chevrolet Impala LS||$4,278|
|Ford Focus S 4-Dr Sedan||$4,284|
|Toyota RAV4 Sport 4WD||$4,313|
|Compare Cheap Rates Go|
Table data represents single male driver age 16, 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 amounts do not factor in vehicle location which can raise or lower coverage rates substantially.
Based upon the table data, we can presume that cars like the Ford Escape, Honda Accord, Honda CR-V, and Volkswagen Jetta are going to be a few of the cheapest vehicles to insure for new drivers. The price for car insurance will be higher anyway because there is more exposure for a learners permit, but generally speaking those models will tend to have the cheapest car insurance rates compared to all other vehicles.
Deciding which companies quote the cheapest car insurance rates for a learners permit in South Carolina may require a bit more effort in order to find a policy that fits your budget. Every auto insurer has their own formula for setting prices, so we will examine the car insurance companies that tend to have lower prices in South Carolina.
Best Insurance Companies in South Carolina
|Rank||Company||Cost Per Year|
|5||SC Farm Bureau Mutual||$1,248|
|6||Southern Farm Bureau||$1,286|
|7||National Grange Mutual||$1,335|
|Quote Your Rates Go|
The Hartford may offer some of the most affordable car insurance rates in South Carolina at around $775 per year. USAA, State Auto, Auto-Owners, and SC Farm Bureau Mutual also make the cut as some of the most economical South Carolina car insurance companies.
In this example, if you currently have a policy with State Auto and switched to The Hartford, you could earn an annual premium reduction of upwards of $319. Policyholders with Auto-Owners could save as much as $344 a year, and SC Farm Bureau Mutual customers might reduce rates by $473 a year.
If you want to see how much you could save, click here to get a free quote or quote rates from the companies below.
Understand that those rates are averages across all drivers and vehicles in South Carolina and do not factor in a price surcharge for a learners permit. So the company that fits your situation best may not even be in the top 18 companies in the list above. That underscores the importance of why you need to get rate quotes using your own specific driver information and vehicle.
For new drivers, one of the more important factors that aid in calculating the cost of insurance is where you keep your car. Cities with larger populations like Florence, Sumter, and Goose Creek will most likely have higher rates, whereas less populated areas tend to receive slightly lower rates.
The next table sorts the highest-priced places in South Carolina for a learners permit to buy auto insurance in.
|Rank||City||Premium Per Year|
|13||Hilton Head Island||$1,139|
|Start a Quote Go|
Price information shown is estimated as specific location information can impact price quotes noticeably.
Discounts on South Carolina auto insurance
Insurance companies that offer coverage for a learners permit may additionally offer policy discounts that could lower prices by as much as 35% or more if you meet certain criteria. Larger car insurance companies and their offered discounts are included below.
- GEICO may offer discounts for membership and employees, emergency military deployment, multi-policy, defensive driver, and military active duty.
- Auto-Owners Insurance may have discounts that include company car, good student, safe driver, multiple vehicles, and mature driver.
- American Family offers discounts including good student, air bags, multi-vehicle, defensive driver, and bundled insurance.
- Esurance offers discounts for Switch & Save, renters, emergency road assistance, claim free, good student, and DriveSense.
- Progressive has savings for multi-vehicle, continuous coverage, online quote discount, good student, multi-policy, and online signing.
- State Farm includes discounts for passive restraint, accident-free, driver's education, multiple policy, and Drive Safe & Save.
- AAA may include discounts for multi-policy, anti-theft, good driver, AAA membership discount, and education and occupation.
The illustration below shows the difference between insurance rates with and without discounts applied. The rates are based on a male driver, no driving violations, no at-fault accidents, South Carolina state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with good student, continuous coverage, vehicle safety, paperless filing, paid-in-full, and anti-theft discounts applied. When these discounts are applied, the average savings per year on car insurance for a learners permit is 28% or $653.
The illustration below demonstrates how deductibles can influence insurance rates when researching cheap insurance for a learners permit in South Carolina. The rates are based on a married male driver, comprehensive and collision coverage, and no other discounts are factored in.
The data above shows that a 40-year-old driver could save $330 a year by increasing from a $100 deductible to a $500 deductible, or save $500 by changing to a $1,000 deductible. Youthful drivers, like the 20-year-old category, could reduce their rates $1,110 every year by using higher deductibles when buying full coverage. If you make the decision to raise deductibles, it will be necessary to have plenty of money set aside to enable you to pay the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.
Compare quotes and save
South Carolina car insurance rates are impacted by many things that can increase the price you have to pay for coverage. Turning one year older, filing a claim, or getting a ticket for careless driving can trigger changes in premium that can now make some companies cheaper than before. Not only may your risk profile change, but car insurance companies file new South Carolina auto insurance rates every year or even multiple times each year in order to protect their financial rating. Significantly higher losses can result in rate increases, while lower claim expenses may result in lower-priced South Carolina car insurance rates.
As an example, the bar chart below shows a variety of companies that have the cheapest car insurance in South Carolina for a 40-year-old male driver with no prior claims, no tickets, and a high credit rating. If we estimate prices based on his current risk profile, The Hartford may offer the lowest car insurance rates in South Carolina at $745 per year. This is $864 less than the average rate paid by South Carolina drivers of $1,609. USAA, Auto-Owners, State Auto, and SC Farm Bureau Mutual are the remainder of the cheapest South Carolina auto insurance companies.
The chart below compares rates after we give the driver in the first chart a chargeable accident, bad credit, and an imperfect driving record. Since every insurance provider uses their own calculation for determining rates in each state, analyzing rate quotes may now result in a different list of the cheapest companies as shown below.
Travelers now has the lowest car insurance rate in South Carolina with National Grange Mutual, State Farm, USAA, and The Hartford completing the list. This example proves why it is so important to perform a complete rate comparison to get the most affordable auto insurance quotes for a learners permit. Auto insurance prices consist of many things and can change substantially, so the cheapest company when you bought your policy may now be quite expensive.
How to find budget-friendly auto insurance for a learners permit
It is possible to find better rates, and here are a few penny-pinching suggestions that can help South Carolina drivers find more affordable coverage.
- Do not get tickets
- Increase your comprehensive and collision deductibles
- Avoid accidents
- Remove physical damage coverage on older vehicles
- Higher credit scores may earn you cheaper rates
- Buy a safer vehicle
- Compare quotes from other companies often
The last idea is certainly valuable, as we pointed out in the prior information. Car insurance prices change a lot, so drivers shouldn't hesitate to switch carriers if you can save money. Sticking with a specific company is fine, but it's not recommended if that dedication is costing a fortune every year. If you have a few minutes, now is a great time to compare prices to find cheaper insurance for a learners permit.