The words "cheap" and "insurance" probably shouldn't be used together, specifically when shopping around for the lowest insurance prices for homeowners. To save some money, let's introduce you to some of the factors that help determine auto insurance rates, and find a way to cut the cost of your next policy.

For people who own their homes, one of the largest criteria that determine car insurance rates is where you normally keep your vehicle. More densely populated places like Charleston, Florence, and Goose Creek tend to have higher rates, whereas more rural areas can boast about having cheaper rates.

The table below lists the most costly cities in South Carolina for homeowners to buy auto insurance in.

Where does South Carolina rank for car insurance cost?
Rank City Annual Rate
1 Charleston $1,285
2 Summerville $1,278
3 Florence $1,272
4 North Charleston $1,250
5 Goose Creek $1,246
6 Mount Pleasant $1,213
7 Columbia $1,213
8 Sumter $1,202
9 Socastee $1,199
10 Myrtle Beach $1,186
11 Saint Andrews $1,149
12 Greenville $1,133
13 Hilton Head Island $1,127
14 Spartanburg $1,127
15 Greenwood $1,110
16 Rock Hill $1,102
17 Aiken $1,097
18 North Augusta $1,095
19 Taylors $1,095
20 Anderson $1,094
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Prices are approximated as specific South Carolina garaging address can lower or raise prices significantly.

The car, truck, or SUV on the policy is one of the largest factors when consumers are trying to find economical insurance for homeowners. Vehicles with higher performance, poor safety features, or an increased likelihood of liability claims will cost more to insure than more modest models.

The table below estimates coverage costs for a number of the most economical vehicles to buy insurance for.

Cheapest Vehicles to Insure for Homeowners in South Carolina
Make, Model, and Trim Level Estimated Cost for Full Coverage
Ford F-150 XL Super Cab 4WD $909
Ford Escape Limited 2WD $947
GMC Sierra SLE Crew Cab 2WD $958
Honda CR-V LX 4WD $994
Hyundai Elantra GLS 4-Dr Sedan $1,007
Volkswagen Jetta SEL 4-Dr Sedan $1,025
Ford Fusion SE 4-Dr Sedan $1,035
Jeep Grand Cherokee Limited 4WD $1,025
Nissan Altima 3.5 SR 4-Dr Sedan $1,031
Ford F-350 XL Crew Cab King Ranch 2WD $1,043
Ford Edge SEL AWD $1,076
Chevrolet Silverado LS Regular Cab 4WD $1,088
Dodge Ram 2500 Crew Cab ST 2WD $1,095
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Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and South Carolina minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Price estimates do not factor in South Carolina location which can influence insurance rates significantly.

Based upon the table data, you can presume that cars like the Ford F-150, Ford Escape, GMC Sierra, Honda CR-V, and Hyundai Elantra will be the most budget-friendly vehicles to insure for people who own their homes.

The example below illustrates how choosing a deductible can affect insurance rates when searching for cheap insurance for homeowners in South Carolina. The premium estimates are based on a single female driver, comprehensive and collision coverage, and no discounts are applied to the premium.

The data above shows that a 50-year-old driver could lower rates by $364 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $550 by changing to a $1,000 deductible. Even younger drivers, such as the 20-year-old example, could potentially save as much as $940 annually by choosing a larger deductible amount. If you make the decision to raise deductibles, it is a good idea to have spare funds to pay the extra out-of-pocket expense that deters many people from opting for higher deductibles.

Impact of speeding/accidents on car insurance rates

One of the best ways to find cheap car insurance premiums in South Carolina for people who own their homes is to be a safe driver and avoid accidents and keep your driving record clean. The illustration below highlights how traffic violations and at-fault collisions raise car insurance rates for different categories of driver ages. The rate quotes are based on a married female driver, full physical damage coverage, $500 deductibles, and no discounts are applied to the premium.

The data charted above shows the average cost of car insurance in South Carolina per year with a clean driving record and no accidents is $1,674. Receive one speeding ticket and the average cost surges to $1,952, an increase of $278 each year. Then add in one accident along with the one speeding ticket and the yearly cost of car insurance for homeowners in South Carolina jumps again to an average of $2,731. That's an increase of $1,057, or $88 per month, just for not paying attention while driving!

Selecting the highest-rated car insurance provider is difficult considering how many choices drivers have in South Carolina. The ranking data in the next section can help you pick which auto insurers you want to consider purchasing a policy from. These rankings only include insurance companies that insure vehicles in the majority of U.S. states, so companies that only write business in South Carolina or surrounding areas are not included in these rankings.

South Carolina Car Insurance Company Rankings
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Best Car Insurance Companies