Figuring out which companies have the cheapest car insurance rates in Anderson will require a tad more effort than just picking a company at random. Every auto insurer has their own process for filing rates in each state, so let's look at the rankings for the car insurance companies with the most affordable rates in South Carolina.
|Rank||Company||Cost Per Year|
|5||SC Farm Bureau Mutual||$1,286|
|6||Southern Farm Bureau||$1,298|
|8||National Grange Mutual||$1,361|
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The Hartford may have some of the best car insurance rates in Anderson at around $775 each year. USAA, State Auto, Auto-Owners, and SC Farm Bureau Mutual also qualify as some of the cheapest Anderson, SC car insurance companies.
As depicted above, if you are currently insured with State Auto and switched to The Hartford, you might see annual savings of roughly $330. Insureds with Auto-Owners may save as much as $378 a year, and SC Farm Bureau Mutual policyholders might lower prices by $511 a year.
To find out how much you can save, click here or visit any of the low-priced companies below.
Understand that those policy rates are averaged across all types of insureds and vehicles and do not factor in a specific vehicle garaging location in Anderson. So the car insurance company that has the lowest price for you may not even be in the list above. That points out the importance of why you need to get auto insurance quotes using your own driver information and specific vehicle type.
For drivers in Anderson, one of the largest criteria that help determine the annual cost of car insurance is your zip code. Areas with more people or higher crime rates likely pay more, whereas less populated areas benefit from having to pay less for coverage.
The next table shows the most costly cities in South Carolina in which to purchase auto insurance. Anderson is ranked at #21 with an annual premium of $1,083 for the average insurance policy, which is around $90 monthly.
|12||Hilton Head Island||$1,173|
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Premium amounts are comparative as specific Anderson garaging address can modify coverage rates significantly.
The vehicle you are buying coverage for is probably the most important factor when looking for low-priced insurance in Anderson. Vehicles with reasonable performance levels, a plethora of safety features, or low incidents of liability claims will cost substantially less to insure than adrenaline junky models.
The list below illustrates car insurance rates for a handful of the cheapest automobiles to insure in South Carolina.
|Vehicle||Estimated Cost for Full Coverage|
|Ford Edge SE 2WD||$984|
|Ford Explorer XLT 2WD||$1,006|
|Honda Accord LX 4-Dr Sedan||$1,027|
|Honda CR-V EX-L 2WD||$1,049|
|Chevrolet Malibu Hybrid||$1,062|
|Ford Escape XLS 4WD||$1,100|
|Volkswagen Jetta 2.0T 4-Dr Sedan||$1,137|
|Nissan Rogue SL 2WD||$1,139|
|GMC Sierra 3500HD SLE Extended Cab 2WD||$1,158|
|GMC Sierra 2500HD SLT Crew Cab 4WD||$1,190|
|GMC Sierra SLT Crew Cab 4WD||$1,212|
|Toyota Tacoma Double Cab 4WD||$1,214|
|Ford F-250 XLT Super Cab 2WD||$1,222|
|Toyota RAV4 Sport 4WD||$1,214|
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Table data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and South Carolina minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Price information does not factor in vehicle garaging location which can lower or raise premiums significantly.
By looking at the data, you can assume that vehicles like the Ford Edge, Toyota Prius, Ford Explorer, and Honda Accord should be a few of the more affordable vehicles to insure for drivers in Anderson.
Get discounts on Anderson insurance rates
Insurers that offer cheap quotes in Anderson may also offer special discounts that could reduce prices by as much as 40% or more if you meet eligibility requirements. Large insurance companies and their offered discounts are shown below.
- State Farm offers premium reductions for accident-free, student away at school, safe vehicle, defensive driving training, and driver's education.
- Farmers Insurance has savings for teen driver, switch companies, early shopping, good student, youthful driver, and electronic funds transfer.
- GEICO discounts include driver training, defensive driver, daytime running lights, five-year accident-free, and multi-vehicle.
- American Family has discounts for multi-vehicle, Steer into Savings, bundled insurance, TimeAway discount, good student, early bird, and mySafetyValet.
- Nationwide offers discounts including defensive driving, Farm Bureau membership, good student, easy pay, business or organization, and accident-free.
- Progressive includes discounts for continuous coverage, homeowner, multi-vehicle, online quote discount, multi-policy, good student, and online signing.
The illustration below visualizes the comparison of annual premium costs with and without discounts applied. The premiums are based on a female driver, no driving violations, no at-fault accidents, South Carolina state minimum liability limits, full coverage, and $100 deductibles.
The first bar for each age group shows the price with no discounts. The second bar shows the rates with multiple policy, anti-theft, passive restraint, marriage, accident-free, and homeowner discounts applied. When these discounts are applied to the policy premium, the average amount saved each year on insurance in Anderson is 28% or $511.
Safe drivers pay less for insurance
The easiest way to get affordable insurance prices for drivers in Anderson is to be a safe driver and avoid tickets and accidents. The example below illustrates how speeding tickets and at-fault claims drive up insurance premiums for different age groups. The costs are based on a single female driver, full coverage, $250 deductibles, and no discounts are factored in.
The data above shows the average cost of an auto insurance policy in Anderson per year with no violations or accidents is $1,704. Factor in one speeding ticket and the average cost swells to $1,931, an increase of $227 each year. Now add one accident along with the one speeding ticket and the annual cost of insurance in Anderson goes up to an average of $2,564. That's an increase of $859, or $72 per month, just for a couple of infractions!
The benefits of price comparisons
South Carolina insurance rates are based on many factors that can increase the price you have to pay for coverage. Improving your credit rating, filing a claim, or having an at-fault accident may generate price changes that can now make some companies more affordable than the competition. Not only may your risk profile change, but insurers modify rates as often as every quarter to ensure their profitability. Heavy losses may cause higher priced premiums, while profitable underwriting may result in lower-cost Anderson car insurance rates.
As an example, the bar chart below analyzes the cheapest car insurance in Anderson, SC for a 40-year-old male driver with a clear driving record, no claims, and a good credit history. If we look at prices based on his personal profile, The Hartford may offer the most affordable car insurance rates in Anderson at $808 each year. This is $801 less than the average premium paid by South Carolina drivers of $1,609. USAA, Auto-Owners, State Auto, and Southern Farm Bureau round out the rest of the top five cheapest Anderson, SC auto insurance companies.
Now let's give the driver from the first rate comparison a claim, a lower credit rating, and a couple of points charged on his driving record. Because every insurance company has their own guidelines for determining prices, analyzing rates may now result in a slightly different list of cheap Anderson auto insurance companies as shown below.
National Grange Mutual now has the cheapest auto insurance in Anderson with Travelers, State Farm, The Hartford, and USAA also having competitive pricing. This example demonstrates why it is critical to compare as many rates as possible to find cheap car insurance rates in Anderson. Prices are made up of many different factors and can change substantially, so the most economical option six months ago may now not even be in the top five.
Ideas to find low-cost auto insurance in Anderson
It is possible to find better rates, and here are some of the better penny-pinching suggestions that can help South Carolina drivers quote low-cost coverage.
- Tickets and violations raise rates
- If your vehicles are older, consider dropping full coverage
- Raise physical damage deductibles
- Get cheaper liability coverage by choosing a safer vehicle
- Remain accident-free and save
- Increase your credit score
- Compare rates and switch if you can find a better deal
The last idea is remarkably important, as was discussed in this article. Prices charged by car insurance companies can change significantly in a year, so drivers shouldn't be reluctant to switch to a new company if a better rate can be found. Many drivers tend to have loyalty to a certain company, but it's not a great idea if that loyalty ends up costing major coinage every year. In just a couple of minutes you could compare rates to find cheaper car insurance in Anderson.