Determining which company has the lowest-priced auto insurance rates in Greer calls for more time than just comparing a company or two. Each insurance company used slightly different criteria to determine premium rates, so let's look at the rankings for the auto insurance companies that tend to have lower prices in Greer, SC.
|Rank||Company||Cost Per Year|
|5||SC Farm Bureau Mutual||$1,248|
|6||Southern Farm Bureau||$1,286|
|8||National Grange Mutual||$1,375|
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The Hartford normally has some of the best car insurance rates in Greer at around $745 annually. This is $864 less than the average premium paid by South Carolina drivers of $1,609. USAA, Auto-Owners, State Auto, and SC Farm Bureau Mutual are also some of the more affordable Greer, SC car insurance companies.
In this example, if you currently buy coverage from Auto-Owners and switched to The Hartford, you might realize an annual savings of in the vicinity of $374. South Carolina drivers with State Auto may save as much as $393 a year, and SC Farm Bureau Mutual customers might lower prices by up to $503 a year.
Be aware that those rates are averaged across all drivers and vehicles in South Carolina and do not factor in an exact vehicle garaging location in Greer. So the company that has the cheapest rates for you may not even be in the top 18 companies in the list above. That's why you need to get car insurance quotes using your own driver and vehicle profiles.
For drivers in Greer, one of the more important factors that are looked at to determine insurance cost is where you keep your vehicle in Greer. Areas with high crime rates or more dense population likely pay more, whereas areas with fewer weather claims and lower vehicle theft rates benefit from having to pay less for coverage.
The following table lists the most costly cities in South Carolina to purchase car insurance in. Greer is ranked at #21 with an annual cost of $1,077 for the average insured, which is around $90 each month.
|Rank||City||Average Per Year|
|11||Hilton Head Island||$1,173|
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Annual rates are comparative as specific location information can modify insurance rates noticeably.
The car, truck, or SUV needing coverage is a large factor in finding the best insurance in Greer. Vehicles with high performance, poor crash test ratings, or an increased likelihood of liability claims will cost significantly more to insure than safer models.
The data below showcases insurance costs for a number of the most budget-friendly vehicles to buy coverage for.
|Vehicle||Estimated Cost for Full Coverage|
|Hyundai Elantra SE Touring Station Wagon||$917|
|Honda Accord LX 4-Dr Sedan||$926|
|Ford Escape Limited 2WD||$946|
|Ford F-150 XLT Super Cab 2WD||$948|
|Dodge Grand Caravan CV||$957|
|Honda CR-V EX-L 4WD||$977|
|Toyota Tacoma 2WD||$984|
|Volkswagen Jetta LE 4-Dr Sedan||$1,002|
|Honda Odyssey EX-L||$1,056|
|Toyota Corolla XLE||$1,062|
|Nissan Rogue SL 2WD||$1,071|
|Dodge Ram Quad Cab SLT 4WD||$1,089|
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Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and South Carolina minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Premium costs do not factor in specific zip code location which can revise coverage prices substantially.
Looking at the numbers, we can tell that vehicles like the Hyundai Elantra, Honda Accord, Ford Escape, Ford F-150, and Dodge Grand Caravan are most likely to be some of the cheaper vehicles to insure for drivers in Greer.
Accidents and violations increase rates
The ideal way to receive the most affordable insurance premiums for drivers in Greer is to be a good driver and avoid accidents and traffic citations. The information below demonstrates how citations and at-fault collisions can raise insurance premiums for different age groups. The data assumes a married female driver, comp and collision included, $500 deductibles, and no other discounts are factored in.
The data charted above shows the average cost of car insurance per year with a clean driving record and no accidents is $1,357. Add in two speeding tickets and the average cost swells to $1,927, an increase of $570 each year. Now add two accidents along with the two speeding tickets and the annual cost of insurance in Greer jumps again to an average of $4,055. That's an increase of $2,698, or $225 per month, just for not paying attention while driving!
Comparison of full coverage and liability-only policies
Saving money on insurance should be important to most vehicle owners, and a great way to buy cheap insurance in Greer is to not buy comprehensive and collision coverage. The example below illustrates the comparison of auto insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in South Carolina. The prices are based on no claims or driving violations, $250 deductibles, drivers are single, and no additional discounts are factored in.
Averaged out for all age groups, physical damage coverage costs $1,794 per year more than buying just liability insurance. At some point, about every driver wonders if full coverage is worth the money. There is no definitive guideline that works best for making the decision to drop comp and collision coverage, but there is a general school of thought. If the annual cost of coverage is 10% or more of replacement cost minus your deductible, then it might be time to buy liability only.
Why you should be shopping around
South Carolina insurance rates are impacted by many things that control the cost of having a policy. Improving your credit rating, getting married, or having a fender bender may generate price changes resulting in some rates now being cheaper than competitors.
Not only may things change on your end, but companies amend premium rates as often as every three months in order to be able to pay unexpected claims. Higher than normal claim frequency or severity can cause additional price hikes, while lower claims can produce lower-cost Greer car insurance rates.
The bar chart below shows which companies have the cheapest car insurance in Greer, SC for a 45-year-old male driver with a clear driving record, no claims, and great credit. If we estimate prices based on his personal risk profile, The Hartford has the best car insurance rates in Greer at $779 a year. This is $830 less than the average price paid by South Carolina drivers of $1,609. USAA, Auto-Owners, State Auto, and SC Farm Bureau Mutual are the rest of the most affordable Greer, SC auto insurance companies.
Now we will give the driver from above a chargeable accident, a lower credit rating, and a traffic ticket or two. Since each auto insurer has their own guidelines for setting rates, getting updated rate quotes most likely will result in a substantially altered list of cheap Greer auto insurance companies as shown below.
National Grange Mutual now has the best price in Greer, SC with Travelers, State Farm, USAA, and The Hartford now being in the top five. This illustrates why it is critical to compare rates to find the most economical auto insurance rates in Greer. Car insurance prices are calculated by many factors and can change without notice, so the best option a year ago may now be an over-priced policy.
How to find cheaper car insurance in Greer
Below you'll find some money-saving suggestions that can help you find lower-cost auto insurance.
- Avoid speeding and other traffic citations and pay less
- Vehicles with good safety ratings have lower liability rates
- Home or renters coverage can save on auto insurance
- Prevent rate increases by staying accident-free
- Frequent claims will increase rates
- Keep rates low by shopping around frequently
That last piece of advice is remarkably necessary, as was discussed in the prior article. Insurance rates can be changed at any time, so don't be tentative to change insurance companies if a better rate can be found.
Having brand loyalty is commendable, but we do not recommend it if that loyalty results in overpaying a considerable chunk of change every month. If you have a few minutes, compare rates to find cheaper insurance in Greer.