For eco-friendly vehicles, one of the more important things that aid in calculating the cost of insurance is where you keep your vehicle in South Carolina. Larger areas like Charleston, Florence, and Goose Creek likely pay more, whereas less populated areas get the luxury of paying less.
The following table shows the most expensive cities in South Carolina for electric cars in which to buy car insurance.
|Rank||City||Premium Per Year|
|12||Hilton Head Island||$1,173|
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Information shown are comparative as vehicle location can influence premiums substantially.
Deciphering which company has the cheapest car insurance rates for electric cars in South Carolina will involve a tad more effort thank just comparing rates from one or two companies. Every insurance provider has a different process for establishing rates, so we will examine the overall cheapest car insurance companies in South Carolina.
We do need to point out that South Carolina car insurance rates are based on many factors which can substantially change the price of coverage. Getting older, moving to a different location, or getting a speeding ticket can produce rate changes that can cause some rates to be more affordable than the competition.
Lowest Insurance Price Quotes for EV's
|Rank||Company||Cost Per Year|
|5||SC Farm Bureau Mutual||$1,298|
|6||Southern Farm Bureau||$1,298|
|8||National Grange Mutual||$1,375|
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The Hartford generally has some of the best car insurance rates in South Carolina at around $768 per year. This is $841 less than the average policy premium paid by South Carolina drivers of $1,609. USAA, State Auto, Auto-Owners, and SC Farm Bureau Mutual also make the cut as some of the best South Carolina auto insurance companies.
In the above rates, if you are currently insured with State Auto and switched to The Hartford, you might realize yearly savings of around $359. Policyholders with Auto-Owners may save as much as $373 a year, and SC Farm Bureau Mutual customers might reduce rates by $530 a year.
These rates are averaged across all ages of drivers and types of vehicles and and are not figured with a price discount for electric cars. So the auto insurance company that is most affordable for your situation may not even be in the top 18 companies shown above. That points out the importance of why you need to get car insurance quotes using your own personalized driver profile and vehicle information.
The vehicle you are seeking coverage for is a large consideration when shopping for the lowest-priced auto insurance for electric cars. Vehicles with high performance features, a lack of advanced safety features, or a high likelihood of having liability claims will cost significantly more to insure than safer models. The information below shows car insurance costs for some of the most affordable automobiles to buy insurance for.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V LX 4WD||$821|
|Ford Escape Limited 2WD||$839|
|Honda Accord LX-P 4-Dr Sedan||$898|
|Ford Explorer XLT AWD||$919|
|Ford F-150 XLT Super Cab 2WD||$925|
|Chevrolet Impala LS||$954|
|Ford Edge Limited 2WD||$964|
|Volkswagen Jetta SE 2.5 Station Wagon||$964|
|Toyota Tacoma Double Cab 4WD||$972|
|Chevrolet Malibu LS||$981|
|Dodge Grand Caravan SXT||$990|
|Jeep Wrangler Sahara 4WD 2-Dr||$1,005|
|Toyota Corolla S||$1,025|
|Nissan Rogue SL 2WD||$1,041|
|Chevrolet Silverado LT Regular Cab 2WD||$1,049|
|Nissan Altima 3.5 SR 4-Dr Sedan||$1,043|
|Chevrolet Equinox LTZ 2WD||$1,049|
|GMC Sierra 3500HD SLT Extended Cab 2WD||$1,062|
|Toyota RAV4 Sport 2WD||$1,064|
|Ford Fusion S 4-Dr Sedan||$1,072|
|Toyota Camry Hybrid||$1,113|
|Jeep Grand Cherokee SRT-8 4WD||$1,141|
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Price data assumes 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-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Prices do not factor in specific location information which can decrease or increase coverage rates greatly.
Looking at the numbers, vehicles like the Honda CR-V, Ford Escape, Honda Accord, Toyota Prius, and Ford Explorer will definitely be a few of the most affordable vehicles to insure for eco-friendly vehicles.
How careless driving impacts car insurance rates
In a perfect world, the ideal way to score the cheapest car insurance premiums for eco-friendly vehicles is to be an attentive driver and not receive tickets or have accidents. The example below shows how traffic citations and at-fault fender-benders can impact insurance premiums for different age groups. The rates are based on a married female driver, comp and collision included, $1,000 deductibles, and no discounts are applied.
In the prior example, the average cost of an auto insurance policy per year with no violations or accidents is $1,192. Add in one speeding ticket and the average cost rises to $1,391, an increase of $199 each year. Then include two accidents along with the one speeding ticket and the annual cost of car insurance for electric cars in South Carolina goes up to an average of $3,201. That's an increase of $2,009, or $167 per month, just for not maintaining a clean driving record!
Insuring your vehicle with a good quality auto insurance company can be rather challenging considering how many companies there are to choose from in South Carolina. The company ratings below may help you decide which auto insurers you want to consider buying from. These rankings include companies with a nationwide focus, so companies that focus mainly on South Carolina business are not taken into consideration for the list.
|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
Comparing rates can save you money
South Carolina car insurance rates are calculated based on many things which can significantly increase or decrease the price of your policy. Improving your credit score, getting married, or having a fender bender can trigger changes in premium that can now make some companies cheaper than others. Not only may your situation change, but insurers change their prices multiple times each year in order to offset underwriting gains or losses. Higher than normal claim frequency or severity can cause increased rates, while less frequent claims can cause lower-cost South Carolina car insurance rates.
For instance, the graph below shows the cheapest car insurance in South Carolina for a 40-year-old male driver with no accidents or violations, and good credit. If we look at prices based on his current risk factors, The Hartford may offer the most affordable car insurance rates in South Carolina at $775 annually. This is $834 less than the average policy premium paid by South Carolina drivers of $1,609. USAA, State Auto, Auto-Owners, and Southern Farm Bureau are the rest of the best South Carolina auto insurance companies.
In this example, we will give the driver from the above example a claim, less-than-perfect credit, and a few blemishes on his driving record. Since every insurance provider has a unique formula for setting rates, comparing insurance quotes most likely will result in a significantly different list of companies as shown below.
National Grange Mutual now has the best auto insurance rate in South Carolina with Travelers, USAA, State Farm, and The Hartford also having competitive pricing. This example shows why it is important to take the time to shop around to find the cheapest insurance rates for electric cars.
Insurance rates are determined by many factors and can decrease or increase without notice, so the best option a year ago may now be wasting a lot of money.