In South Carolina, your car insurance premiums are determined by a variety of factors such as age, gender, location and driving history. While these may be difficult to control, there are ways to minimize their effect on your rates.
In addition to these basic elements, insurers also consider your credit score, the number of cars you insure and whether or not any safety devices are installed on your vehicle. Fortunately, you can use a car insurance calculator to estimate how much your rates will be based on these and other variables.
MoneyGeek’s South Carolina Car Insurance Calculator can give you a rough estimate of your costs. This allows you to compare quotes from various companies and decide which one works best for you.
Rates in South Carolina differ based on your ZIP code and where you live. In fact, drivers in the most expensive parts of the state spend an average of $600 more annually for car insurance than those living in cheaper areas.
If you want to save on car insurance in South Carolina, do your research and take advantage of all discounts available to you. These may include student discounts, driver’s education discounts, good driver discounts and more – plus you could receive a discount for using a telematics device to track your driving habits!
Some insurers offer multi-car discounts, which could save you up to 15% on car insurance when insuring multiple vehicles with them. It’s important to note that in order to take advantage of these savings, you may need to be an active member of the company.
Additionally, the state requires drivers to carry liability insurance. This coverage pays for any medical expenses or property damage sustained by others if you’re at fault in an accident – and in some cases may cover your own medical bills as well.
In South Carolina, you are required to carry at least $25,000 of liability insurance for each person injured in an accident and $50,000 overall. You can increase this coverage up to $100,000 to cover additional costs associated with accidents.
Consider purchasing comprehensive and collision insurance for your car. These policies offer protection from theft, fire, vandalism, glass breakage and other accidents; they may even pay for damage caused by uninsured or underinsured motorists.
Another way to save on auto insurance is by switching providers. Most major carriers provide online tools that make switching easy; simply fill out an application and get instant quotes from multiple insurers.
American National offers the cheapest car insurance in South Carolina, but you should shop around and compare rates from other companies as well. Usually, a regional insurer will offer lower rates than a large national carrier.