Comparing rates for reasonably-priced car insurance is not the easiest thing to do, and finding out which company quotes the lowest-priced auto insurance rates for Lyft drivers in South Carolina will involve a bit more work. Every auto insurer has a proprietary method to establish rates, so first let's look at the rankings for the overall cheapest auto insurance companies in South Carolina.
It's a good idea to know that South Carolina auto insurance rates are impacted by many things which can substantially change your annual premium. Price variation is why it is crucial to perform an extensive rate comparison to find affordable car insurance quotes for Lyft drivers. Rates are determined by many different factors and can change without notice, so the best company the last time you shopped around may now be costing you a lot of money.
Find the Cheapest Auto Insurance for Your Lyft Vehicle
|Rank||Company||Cost Per Year|
|5||SC Farm Bureau Mutual||$1,260|
|6||Southern Farm Bureau||$1,298|
|7||National Grange Mutual||$1,321|
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The Hartford generally has some of the cheapest car insurance rates in South Carolina at around $745 each year. USAA, State Auto, Auto-Owners, and SC Farm Bureau Mutual also qualify as some of the cheaper South Carolina insurance companies.
As depicted above, if you currently have coverage with SC Farm Bureau Mutual and switched to USAA, you could see a yearly price reduction of around $245. Policyholders with Southern Farm Bureau might save as much as $283 a year, and National Grange Mutual customers might cut rates by $306 a year.
It's important to note that these premium estimates are averaged across all drivers and vehicles in South Carolina and are not factoring in a rate discount for Lyft drivers. 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's why you need to get rate quotes from many companies using your own specific driver information and vehicle.
The vehicle model requiring insurance is a large factor that determines if you can find the best auto insurance for Lyft drivers. Vehicles with limited top-end speed, modern passenger safety features, or a low likelihood of having liability claims will cost less to insure than adrenaline junky models.
The next list illustrates car insurance costs for the most affordable automobiles to insure in South Carolina.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX-L 2WD||$839|
|Hyundai Elantra SE Touring Station Wagon||$892|
|Ford Escape XLS 4WD||$898|
|Toyota Camry LE||$972|
|Toyota RAV4 4WD||$977|
|Ford Explorer Eddie Bauer 4WD||$990|
|Jeep Wrangler Sahara 4WD 2-Dr||$1,005|
|Honda Civic LX 4-Dr Sedan||$1,007|
|Volkswagen Jetta SE 2.5 Station Wagon||$1,056|
|Dodge Ram Crew Cab SLT 2WD||$1,060|
|Chevrolet Malibu Hybrid||$1,064|
|Chevrolet Equinox LT AWD||$1,069|
|Chevrolet Impala LT||$1,064|
|Dodge Grand Caravan Hero||$1,071|
|Jeep Grand Cherokee Laredo 2WD||$1,064|
|Ford Focus SES 2-Dr Coupe||$1,095|
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Data rating is based on single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and South Carolina minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Estimates do not factor in specific garaging location which can influence premium rates substantially.
Based upon the rates shown, vehicles like the Honda CR-V, Hyundai Elantra, Ford Escape, Toyota Camry, and Toyota RAV4 are the most affordable vehicles to insure for Lyft vehicles.
One of the more important things that help determine auto insurance rates is where your car is garaged. Regions with more people or even just more weather-related claims like North Charleston, Charleston, and Summerville likely pay more, whereas areas with less people or fewer weather incidents profit from lower rates.
The information below rates the most expensive areas in South Carolina for Lyft drivers in which to purchase auto insurance.
|11||Hilton Head Island||$1,162|
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Rates are estimated as specific South Carolina zip code can impact coverage prices greatly.
Impact of citations and accidents on insurance rates
The common sense way to earn cheap auto insurance premiums in South Carolina for Lyft vehicles is to be a careful driver and avoid accidents and traffic violations. The chart below shows how speeding tickets and accidents can drive up car insurance costs for different categories of driver ages. The premiums are based on a married male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied to the premium.
In the previous example, the average cost of auto insurance in South Carolina per year with no accidents or violations is $1,532. Get two speeding tickets and the average cost increases to $2,113, an increase of $581 each year. Now get one accident along with the two speeding tickets and the annual cost of auto insurance for Lyft drivers in South Carolina jumps again to an average of $2,693. That's an increase of $1,161, or $97 per month, just for not being more responsible behind the wheel!
South Carolina auto insurance company ratings
Finding a high-quality insurance provider can be challenging considering how many companies sell insurance in South Carolina. The rank data shown next can help you select which companies to look at when trying find the best insurance for Lyft drivers.
The rankings below are only made up of major nationwide insurance companies, so companies that may only write in South Carolina are not taken into consideration for the list. To compare prices from these top insurers and more, just click here.
Top 10 Major Auto Insurance Providers Overall in South Carolina
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
- American Family
Get discount South Carolina auto insurance rates
Auto insurance companies that provide policies for Lyft drivers may have price discounts that could potentially reduce rates by 30% or more if you meet certain criteria. A few of the larger companies and some of the discounts are shown below.
- GEICO discounts include seat belt use, air bags, multi-vehicle, multi-policy, five-year accident-free, daytime running lights, and anti-lock brakes.
- MetLife includes discounts for good driver, defensive driver, good student, multi-policy, accident-free, claim-free
- State Farm has savings for Drive Safe & Save, driver's education, Steer Clear safe driver discount, accident-free, anti-theft, and good student.
- Progressive offers discounts for online quote discount, multi-vehicle, continuous coverage, multi-policy, and online signing.
- Mercury Insurance may offer discounts for good driver, accident-free, annual mileage, low natural disaster claims, ease of repair, multi-policy, and good student.
- 21st Century has discounts for theft prevention, 55 and older, anti-lock brakes, teen driver, and driver training.
- Allstate offers premium reductions for premier discount, multi-policy, eSmart discount, senior citizen, premier plus, and passive restraint.
The illustration below illustrates the comparison of insurance prices with and without discounts applied to the policy premium. Data assumes a male driver, no accidents or driving violations, South Carolina state minimum liability limits, comprehensive and collision coverage, and $100 deductibles.
The first bar for each age group shows the price with no discounts. The lower bar shows the rates with vehicle safety, accident-free, marriage, passive restraint, anti-theft, and multiple policy discounts applied. When these discounts are applied, the average amount saved each year on auto insurance for Lyft drivers is 28% or $728.
Tips to find low-cost insurance for Lyft drivers in South Carolina
Below you'll find some of the recommended thrifty ideas that can help drivers find more affordable car insurance.
- Pay less by remaining claim-free
- Keep your driving record clean
- Bundle home or renters insurance to earn a discount on car insurance
- Avoid at-fault accidents and claims
- Buy safe vehicles
- Compare rates and switch if you can find a better deal
That last idea is especially necessary, as we hit on in the prior article. Insurance prices fluctuate constantly, so don't be tentative to buy a different policy if you find a better deal.
Being loyal to a particular company is commendable, but it isn't a good idea if that devotion results in you overpaying hundreds of dollars year after year. Take a few minutes and compare rates to find cheaper insurance for Lyft drivers.