Wouldn't this article be short if you could just magically know the exact company that has the best auto insurance prices for college graduates? It's not that easy, however, as there are a whole bunch of unknown aspects like what coverage limits you want, if you have ever let your coverage lapse, and your marital status. This article will cover some of these criteria and educate you enough to have a good start in finding the cheapest car insurance for grads.
The type of vehicle requiring coverage is a significant factor when comparing cheaper auto insurance for college graduates. Vehicles with higher performance characteristics, poor safety features, or an increased likelihood of liability claims will cost substantially more to insure than safer, lower-performance models.
The information below shows auto insurance premiums for a handful of the cheapest vehicles to insure in South Carolina.
|Vehicle||Estimated Cost for Full Coverage|
|Honda Accord LX 4-Dr Sedan||$821|
|Honda CR-V EX 2WD||$831|
|Ford Escape XLT 4WD||$839|
|Hyundai Elantra GLS Touring Station Wagon||$898|
|Toyota RAV4 Sport 4WD||$972|
|Jeep Grand Cherokee Laredo 4WD||$982|
|GMC Sierra SLE Regular Cab 2WD||$972|
|Ford Explorer Eddie Bauer AWD||$990|
|Dodge Grand Caravan SE||$1,005|
|Ford Focus SES 4-Dr Sedan||$1,007|
|Ford Edge Sport AWD||$1,025|
|Toyota Camry XLE||$1,034|
|Ford F-250 XL 2WD||$1,041|
|Ford F-150 XLT Crew Cab 2WD||$1,046|
|Chevrolet Equinox LT 2WD||$1,064|
|Nissan Rogue SL AWD||$1,095|
|Toyota Camry Hybrid||$1,113|
|Toyota Corolla S||$1,121|
|Honda Odyssey EX-L||$1,129|
|Toyota Tacoma X-Runner 2WD||$1,121|
|Honda Civic LX 4-Dr Sedan||$1,123|
|Chevrolet Malibu LTZ||$1,141|
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Table data represents single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and South Carolina minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, claim-free, and homeowner. Price information does not factor in zip code location which can impact rates greatly.
Based upon the rates shown, we can presume that vehicles like the Honda Accord, Honda CR-V, Ford Escape, Hyundai Elantra, and Toyota RAV4 are going to be the most budget-friendly vehicles to insure for college grads.
Buying budget insurance is not always easy, and finding out which company has the cheapest auto insurance rates for college graduates in South Carolina requires even more perseverance. Every insurance company has a unique approach to set premium rates, so let's begin by taking a look at the auto insurance companies with the most affordable rates in South Carolina.
Compare Cheap Insurance Quotes for Grads
|Rank||Company||Cost Per Year|
|5||Southern Farm Bureau||$1,248|
|6||SC Farm Bureau Mutual||$1,298|
|7||National Grange Mutual||$1,335|
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The Hartford may have some of the lowest car insurance rates in South Carolina at around $752 per year. This is $857 less than the average premium paid by South Carolina drivers of $1,609. USAA, State Auto, Auto-Owners, and Southern Farm Bureau also qualify as some of the cheaper South Carolina car insurance companies.
In this example, if you are a policyholder with Southern Farm Bureau and switched to USAA, you could see an annual premium reduction of in the neighborhood of $263. Drivers with SC Farm Bureau Mutual could save as much as $313 a year, and National Grange Mutual policyholders might realize rate reductions of up to $350 a year.
Understand that those premiums are averaged across all drivers and vehicles and do not take into consideration a rate discount for college graduates. So the auto insurance company that can offer you the best price may not even be in the top 18 companies in the list above. That emphasizes why you need to compare rates from multiple companies using your own specific driver and vehicle information.
Insuring your vehicle with the highest-rated insurance provider can be a challenge considering how many choices you have in South Carolina. The company ratings in the next section can help you pick which insurers to look at when trying find the best insurance for college graduates.
These rankings are only comprised of companies that write coverage in many states, so companies that only write business in South Carolina or surrounding areas are not factored into this list. To compare prices from the insurers below and more, simply click here.
Top 10 Large Auto Insurance Providers in South Carolina Ranked by Customer Service
- AAA Insurance
- Safeco Insurance
- State Farm
- The Hartford
- The General
Top 10 Large Auto Insurance Providers in South Carolina Ranked by Claims Service
- State Farm
- Liberty Mutual
- American Family
- Titan Insurance
- AAA Insurance
How to get discounts on South Carolina auto insurance
Car insurance companies that offer coverage for college graduates may also give you discounts that could reduce prices by 40% or more if you are eligible. A list of auto insurance companies and a summarized list of policyholder discounts are:
- State Farm offers discounts for defensive driving training, good student, Drive Safe & Save, passive restraint, student away at school, and anti-theft.
- Farmers Insurance discounts include distant student, mature driver, multi-car, pay in full, electronic funds transfer, and switch companies.
- Progressive has discounts for continuous coverage, homeowner, multi-vehicle, good student, multi-policy, and online quote discount.
- GEICO offers discounts including seat belt use, membership and employees, anti-lock brakes, multi-vehicle, good student, and five-year accident-free.
- Auto-Owners Insurance may include discounts for safe driver, multi-policy, teen driver, mature driver, paperless, and paid in full.
- The Hartford may have discounts that include anti-theft, vehicle fuel type, air bag, driver training, defensive driver, and good student.
- Farm Bureau includes discounts for safe driver, 55 and retired, youthful driver, good student, multi-vehicle, and multi-policy.
- USAA offers premium reductions for driver training, good student, defensive driver, family discount, new vehicle, and loyalty savings.
The chart below compares car insurance rates with and without discounts applied to the policy rates. The information is based on a female driver, a clean driving record, no claims, South Carolina state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with accident-free, safe-driver, anti-theft, defensive driving course, multiple policy, and marriage discounts applied. When drivers take advantage of discounts, the average amount saved each year on auto insurance for college graduates is 28% or $381.
The chart below highlights how deductible selection can impact insurance premiums when getting quotes for cheap insurance for college graduates in South Carolina. The premiums are based on a single female driver, comprehensive and collision coverage, and no discounts are applied to the premium.
In the chart above, a 50-year-old driver could pocket $364 a year by switching from a $100 deductible up to a $500 deductible, or save $550 by switching to a $1,000 deductible. Younger drivers, like the age 20 example, could save up to $940 or even more by selecting a higher deductible. When raising deductibles, it's a good idea to have emergency funds available to enable you to pay the extra out-of-pocket expense, which deters some people from using high deductibles.
Ideas for finding budget-friendly auto insurance for college graduates
Lowering your rates is not difficult, and here are many money-saving ideas that can help you quote lower-cost car insurance.
- Just one traffic violation will increase your rates
- Drive attentively and avoid accidents
- Frequent claims may make car insurance unaffordable
- Multi-policy discounts save money
- Buy a vehicle with excellent safety ratings
- Compare quotes from other companies often
The final tip is extraordinarily necessary, as was affirmed in this write-up. Insurance rates can change considerably based on profitability, so don't be unwilling to change insurance companies if you can save money. Staying with the same car insurance company is fine, but we do not recommend it if that loyalty results in overpaying hundreds of dollars year after year. Take a few minutes and shop around and find cheaper auto insurance for college graduates.