Wouldn't it be easy if we could just give you the name of the company that has the lowest rates for low mileage drivers? It's not quite that easy, unfortunately, as there are a ton of unknown elements like whether or not you are currently insured, whether you are single or married, and if you want the added protection of full coverage, that all have an effect on the price. This article goes into detail about the types of things that cause high car insurance rates and will hopefully give you some help in finding cheaper rates.
The car, truck, or SUV you are insuring is one of the largest factors when quoting cheap coverage for low mileage drivers. Vehicles with high performance engines, a lack of advanced safety features, or a track record of large liability claims will cost quite a bit more to insure than more modest models.
The information below outlines coverage costs for the most budget-friendly automobiles to insure in South Carolina.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$811|
|Honda CR-V EX 4WD||$829|
|Ford Edge SE 2WD||$890|
|Honda Odyssey EX W/Rear Entertainment||$939|
|Ford Escape XLT 4WD||$947|
|Toyota RAV4 4WD||$958|
|Chevrolet Silverado LT Extended Cab 4WD||$965|
|Chevrolet Malibu LT||$976|
|Ford Focus SES 4-Dr Sedan||$988|
|Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr||$990|
|Honda Accord EX-L 4-Dr Sedan||$1,005|
|Toyota Corolla S||$1,007|
|Chevrolet Silverado 2500HD LTZ Crew Cab 4WD||$1,025|
|Nissan Altima 3.5 SR 4-Dr Sedan||$1,035|
|GMC Sierra 3500HD SLE Regular Cab 2WD||$1,043|
|Ford F-150 XLT Super Cab 4WD||$1,060|
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Above prices assume single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and South Carolina minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Rate information does not factor in zip code location which can increase or decrease insurance rates noticeably.
By looking at the data, you can presume that makes and models like the Hyundai Elantra, Honda CR-V, Ford Edge, Toyota Prius, and Honda Odyssey are most likely to be some of the less-costly vehicles to insure for infrequent drivers.
Finding out which insurers offer the cheapest insurance rates for low mileage drivers in South Carolina calls for a tad more effort than just comparing a company or two. Every car insurance company uses a little different formula for determining rates, so let's examine the overall cheapest insurance companies in South Carolina.
Keep in mind that South Carolina insurance rates are based on many factors that may substantially change the policy price. Simply improving your credit, buying a different vehicle, or getting caught speeding may prompt premium changes that can make some companies cheaper than others.
Cheapest Insurance Rates in South Carolina
|Rank||Company||Cost Per Year|
|5||Southern Farm Bureau||$1,260|
|6||SC Farm Bureau Mutual||$1,286|
|7||National Grange Mutual||$1,321|
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The Hartford normally has some of the most affordable car insurance rates in South Carolina at around $752 a year. USAA, State Auto, Auto-Owners, and Southern Farm Bureau would also make the list of some of the more affordable South Carolina insurance companies.
In the rate table above, if you currently have coverage with Auto-Owners and switched to The Hartford, you could realize yearly savings of around $401. Drivers with Southern Farm Bureau could save as much as $508 a year, and SC Farm Bureau Mutual insureds might realize rate reductions of up to $534 a year.
Remember that these premiums are averages for all ages of drivers and types of vehicles and do not factor in a price discount for low mileage drivers. So the car insurance company that is best for you may not even be in the top 18 companies in the list above. That is why you need to quote rates from as many companies as possible using your own personal information and vehicle type.
The diagram below highlights how deductible choice can impact insurance prices when researching cheap insurance for low mileage drivers in South Carolina. The premiums assume a married female driver, comp and collision included, and no discounts are taken into consideration.
A 30-year-old driver could reduce rates by $376 a year by changing from a $100 deductible to a $500 deductible, or save $568 by switching to a $1,000 deductible. Even younger insureds, like the 20-year-old category, could shave up to $808 or even more by choosing a larger deductible amount. If you make the decision to raise deductibles, it is a good idea to have additional savings on hand to enable you to pay the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.
Impact of citations and accidents on insurance rates
The common sense way to score good insurance premiums in South Carolina for infrequent drivers is to be a good driver and maintain a clean driving record. The diagram below illustrates how traffic citations and at-fault accidents can impact insurance costs for each different age group. The premium estimates are based on a single female driver, full coverage, $1,000 deductibles, and no discounts are applied to the premium.
In the example above, the average cost of an auto insurance policy in South Carolina per year with a clean driving record and no accidents is $1,480. Get one speeding ticket and the average cost surges to $1,679, an increase of $199 each year. Now get two accidents along with the one speeding ticket and the annual cost of insurance for low mileage drivers in South Carolina increases to an average of $3,488. That's an increase of $2,009, or $167 per month, just for being a careless driver!
The importance of shopping around
South Carolina insurance rates are determined by lots of factors that control the policy price. Simply getting older, buying a new vehicle, or getting a driving violation may generate price changes that can make some companies much cheaper than others.
Additionally, auto insurance companies file new rates every year in order to remain profitable. A period of increased losses can cause a rate increase, while long-term profits may produce more affordable South Carolina car insurance rates.
To illustrate this point, the data below shows the company with the cheapest car insurance in South Carolina for a 35-year-old female driver with no accidents, a clean driving record, and a high credit rating. If we look at prices based on her personal risk profile, The Hartford may offer the most affordable car insurance rates in South Carolina at $745 each year. This is $864 less than the average policy 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 cheapest South Carolina auto insurance companies.
The next chart shows rates after we give the driver in the first example an accident surcharge, less-than-perfect credit, and a speeding citation. Because each insurer has a unique approach to determining premium rates, analyzing rate quotes may now present a different ranking of affordable South Carolina car insurance companies as shown below.
National Grange Mutual now has the cheapest insurance rate in South Carolina with Travelers, USAA, State Farm, and State Auto now being in the top five. This illustrates why it is important to perform a complete rate comparison to get the most budget-friendly auto insurance quotes for low mileage drivers.
Auto insurance prices consist of many different factors and can change substantially, so the cheapest company three years ago may now cost much more than other companies.
Tips for finding cheaper car insurance for low mileage drivers in South Carolina
The list below shows many money-saving suggestions that can help South Carolina drivers locate cheap auto insurance.
- Full coverage may not be needed on older vehicles
- Prevent price hikes by avoiding at-fault accidents
- Lower rates by purchasing a safer vehicle
- Bundle home and auto and earn a discount
- Be a cautious driver
- Pay for smaller claims out-of-pocket
- Compare rate quotes often
That last piece of advice is incredibly significant, as we discussed in this article. Coverage prices can be changed at any time, so you should be ready to buy from a different company if a cheaper rate is available. Sticking with a specific company is fine, but it isn't a good idea if that devotion results in you overpaying a considerable chunk of change every month. Spend a few minutes and shop around to find cheaper car insurance for low mileage drivers.