Deciphering which companies quote the best car insurance rates for retired military in South Carolina will involve a bit more work than just getting one or two price quotes. Each auto insurer has their own unique process to set premium rates, so we need to take a look at 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 which can significantly increase or decrease the price you pay. Improving your credit score, buying higher coverage limits, or getting a DUI can produce rate changes that can make some companies cheaper than others.
Cheap Insurance Rates for Vets
The Hartford quotes some of the most affordable car insurance rates in South Carolina at around $775 a year. This is $834 less than the average premium paid by South Carolina drivers of $1,609. USAA, State Auto, Auto-Owners, and Southern Farm Bureau would also make the list of some of the more affordable South Carolina auto insurance companies.
As illustrated above, if you currently have a policy with State Auto and switched to The Hartford, you could realize yearly savings of in the vicinity of $352. Customers with Auto-Owners could save as much as $378 a year, and Southern Farm Bureau customers might cut rates by $473 a year.
To see how much you can save, click here to start your free quote or click through to the companies below.
Remember that these policy prices are averaged for all drivers and vehicles and and are not calculated with a price discount for retired military. So the company that has the cheapest price for you may not even be in the top 18 companies shown above. That point stresses why you need to quote rates from as many companies as possible using your own driver information and specific vehicle type.
One of the many considerations that aid in calculating the annual cost of car insurance is where your residence is in South Carolina. More populated areas like North Charleston, Florence, and Charleston tend to have more expensive car insurance rates, whereas areas with lower crime rates and fewer weather claims have the gratification of cheaper auto insurance rates.
The table below ranks the most costly cities in South Carolina for retired military to purchase car insurance in.
|12||Hilton Head Island||$1,139|
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Information shown are approximated as the specific geographic location can change premium rates substantially.
The type of vehicle you are trying to insure is probably the biggest factor when trying to find the best cheap coverage for retired military. Vehicles with high performance, a lack of modern safety features, or an increased likelihood of liability claims will cost much more to insure than more economical and safe models. The table below estimates coverage premiums for a selection of the cheaper automobiles to buy coverage for.
|Make and Model||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$898|
|Jeep Wrangler Rubicon 4WD 2-Dr||$919|
|Honda CR-V EX 2WD||$927|
|Ford Escape Limited 2WD||$952|
|Ford Focus SEL 4-Dr Sedan||$1,007|
|Toyota Camry SE||$1,025|
|Kia Optima LX||$1,041|
|Nissan Rogue S AWD||$1,051|
|Ford Fusion Sport 4-Dr Sedan||$1,043|
|Toyota Corolla XRS||$1,053|
|Honda Odyssey EX||$1,043|
|Volkswagen Jetta 2.0T Station Wagon||$1,078|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$1,084|
|Toyota RAV4 Limited 4WD||$1,097|
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Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and South Carolina minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Price estimates do not factor in specific zip code location which can alter prices considerably.
Based upon the rates shown, models like the Hyundai Elantra, Jeep Wrangler, Honda CR-V, and Ford Escape will definitely be the cheaper vehicles to insure for veterans.
Impact of citations and accidents on insurance rates
The best way to receive good car insurance prices in South Carolina for veterans is to pay attention while driving and not have accidents or get tickets. The illustration below shows how speeding tickets and accidents impact insurance rates for different age categories. The data assumes a married female driver, comp and collision included, $500 deductibles, and no discounts are applied to the premium.
In the prior example, the average cost of car insurance in South Carolina per year with no accidents and a clean driving record is $1,644. Get written up for one speeding ticket and the average cost rises to $1,919, an increase of $275 each year. Now add one accident along with the one speeding ticket and the yearly cost of car insurance for retired military in South Carolina jumps again to an average of $2,691. That's an increase of $1,047, or $87 per month, just for being a careless driver!
The chart below demonstrates how deductible levels can impact insurance prices when searching for cheap insurance for retired military in South Carolina. The premiums are based on a single female driver, comp and collision included, and no discounts are taken into consideration.
As shown above, a 40-year-old driver could cut expenses by $364 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $550 by selecting a $1,000 deductible. Even younger insureds, such as the 20-year-old chart data, could reduce their rates as much as $940 each year by selecting a higher deductible. If you do make the decision to raise your deductibles, it will be required to have enough savings to satisfy the extra out-of-pocket expense associated with higher deductibles.
Tips for finding the cheapest auto insurance for retired military
Lowering your rates is not difficult, and here are some thrifty solutions that can help South Carolina drivers get cheaper coverage.
- Do not get traffic tickets
- On older vehicles, drop full coverage
- Lower rates by purchasing a safer vehicle
- Good credit can mean cheaper rates
- Do not get into accidents
- Raise deductibles to save money
- Compare prices as often as possible
That final tip is especially significant, as was stressed in this write-up. Prices charged by car insurance companies vary considerably, so drivers shouldn't hesitate to buy from a different company if a more affordable rate is found.
Having a favorite company is fine, but it's not recommended if it's costing you a considerable chunk of change every month. Take a few minutes and compare prices and find cheaper auto insurance for retired military.