The type of vehicle requiring coverage is probably the largest consideration when quoting cheap car insurance for drivers under 21. Vehicles with reasonable performance levels, a plethora of safety features, or a low likelihood of having liability claims will cost substantially less to insure than adrenaline junky models.
The data below outlines insurance rates for a number of the cheaper automobiles to insure.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Honda CR-V EX 2WD||$1,783|
|Ford Escape Limited 2WD||$1,809|
|Ford F-150 XLT Regular Cab 2WD||$1,973|
|Honda Odyssey LX||$1,979|
|Dodge Grand Caravan SE||$1,999|
|Toyota Tacoma 4WD||$2,006|
|Ford Edge SEL AWD||$2,087|
|Chevrolet Equinox LT 2WD||$2,113|
|Chevrolet Impala LT||$2,120|
|Toyota RAV4 Limited 4WD||$2,113|
|Chevrolet Malibu Hybrid||$2,118|
|Ford Explorer Limited 2WD||$2,140|
|Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr||$2,199|
|Ford Focus SES 4-Dr Sedan||$2,201|
|Hyundai Elantra Blue 4-Dr Sedan||$2,209|
|Toyota Corolla LE||$2,228|
|Toyota Camry SE||$2,237|
|GMC Sierra SL Crew Cab 4WD||$2,254|
|Chevrolet Silverado LTZ Crew Cab 4WD||$2,260|
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Prices 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 claim-free, and safe-driver. Information does not factor in specific location information which can raise or lower coverage rates significantly.
Looking at the numbers, vehicles like the Honda CR-V, Ford Escape, Toyota Prius, Ford F-150, and Honda Odyssey will definitely be a few of the cheaper vehicles to insure for minors. Rates will be more expensive just because there is more liability risk for drivers under 21, but overall those particular vehicles will most likely have the least expensive rates compared to other vehicles.
One of the many considerations that determine the cost of insurance is where you live. Regions with larger populations or more claims like Florence, Summerville, and Charleston tend to have more expensive auto insurance rates, whereas more rural areas have the luxury of cheap car insurance rates.
The table below ranks the most expensive cities in South Carolina for drivers under 21 to buy car insurance in.
|Rank||City||Premium Per Year|
|12||Hilton Head Island||$1,139|
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Prices are approximated as the specific area where the vehicle is garaged can revise auto insurance rates noticeably.
Finding out which company quotes the most affordable car insurance rates for drivers under 21 in South Carolina calls for a little more sweat in order to find the most economical policy.
Every insurance company has a unique approach to determine premium rates, so let's examine the car insurance companies with the overall best prices in South Carolina. It's important to know that South Carolina car insurance rates are calculated based on many things that will increase or decrease the price of your policy. Simply getting older, buying higher coverage limits, or having an accident can produce rate changes that can now make some companies much cheaper than others.
Best Insurance Companies for Minors
|Rank||Company||Cost Per Year|
|5||SC Farm Bureau Mutual||$1,286|
|6||Southern Farm Bureau||$1,298|
|7||National Grange Mutual||$1,321|
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The Hartford may offer some of the best car insurance rates in South Carolina at around $775 each year. USAA, Auto-Owners, State Auto, and SC Farm Bureau Mutual also qualify as some of the cheapest South Carolina insurance companies.
As shown in the rates above, if you are insured with USAA and switched to The Hartford, you may see yearly savings of in the vicinity of $250. Drivers with Auto-Owners might save as much as $344 a year, and State Auto insureds might realize rate reductions of up to $363 a year.
Be aware that those estimates are averaged across all types of insureds and vehicles and do not take into consideration a rate surcharge for drivers under 21. So the auto insurance company that fits your age and vehicle best may not even be in the list above. That underscores the importance of why you need to get rate quotes from many companies using your own personal information and vehicle type.
Full coverage rates compared to liability only
Reducing the cost of car insurance is probably important to the majority of vehicle owners, and a great way to pay lower rates for insurance for drivers under 21 in South Carolina is to not insure for full coverage. The example below illustrates the comparison of auto insurance costs with and without physical damage coverage. The premiums are based on no tickets, no at-fault accidents, $100 deductibles, drivers are not married, and no discounts are taken into consideration.
As an overall average, full coverage on your policy costs $1,957 per year over and above liability coverage. At some point, every insured wonders if buying full coverage is worth the expense. There is no set guideline of when to phase out physical damage insurance, but there is a guideline you can use. If the annual cost of having full coverage is more than around 10% of the replacement cost minus the deductible, then it may be the right time to buy liability only.
Best car insurance company in South Carolina
Choosing a highly-rated insurance provider can be a challenge considering how many companies there are to choose from in South Carolina. The company information shown below may help you select which companies you want to consider when comparing auto insurance rates for drivers under 21.
These ratings include major nationwide insurance companies, so companies that focus mainly on South Carolina business will not be included in these rankings. To check prices and find cheaper insurance for drivers under 21, follow this link.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
How to find budget-friendly insurance for drivers under 21
The list below summarizes a few money-saving suggestions that can help drivers quote cheap car insurance.
- Raise deductibles
- Drop full coverage on older vehicles
- Pay for small claims rather than turning them in to your insurance company
- Avoid accidents and claims
- Save money by obeying traffic laws and keeping a clean driving record
- Compare rate quotes often
That last idea is extremely valuable, as we stressed in the prior article. Prices charged by auto insurers can be changed at any time, so don't be unwilling to switch companies if a more affordable price is available. Brand loyalty is great, but we do not recommend it if that loyalty results in overpaying potentially thousands of dollars a year. Spend a few minutes and compare prices and find cheaper auto insurance for drivers under 21.