How to get cheap home insurance in South Carolina

 

The easiest way to find an affordable homeowners insurance policy in South Carolina is to view prices from as many insurance companies as possible.

Learn more about home insurance rates in South Carolina by reviewing the below data. Your rates may vary, depending on your coverage limits.

 

South Carolina home insurance:
  1. Rates by company
  2. Rates by coverage level
  3. Rates by city
  4. Rates by deductible level
  5. Bundling discounts
  6. FAQs
  7. Hurricane and flood insurance

 

The cheapest insurance companies in South Carolina

Rates for homeowners insurance in South Carolina can vary based on the insurance company you choose. Universal Insurance offers the most affordable home insurance in South Carolina — just $843 per year. This is less than the state average cost of $1,463, providing a $620 discount on the typical rates in the state.

Start your search for affordable coverage by reviewing the cheapest South Carolina home insurance carriers, listed below.

 

HOMEOWNERS INSURANCE RATES IN SOUTH CAROLINA: BY CARRIER
CompanyAverage Annual Rate in South Carolina
Universal Insurance$843
Safeco$1,353
State Farm$1,459
AAA$1,460
United$1,745

 

Average homeowners insurance prices in South Carolina by coverage amount

Your chosen level of homeowners coverage determines the insurance premiums you're charged. In South Carolina, carrying $100K dwelling coverage costs an average of $840 per year, while carrying additional coverage up to $400K costs $2,593/year.

 

HOMEOWNERS INSURANCE RATES IN SOUTH CAROLINA — COMMON COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$100,000 Dwelling$840
$200,000 Dwelling$1,463
$250,000 Dwelling$1,679
$400,000 Dwelling$2,593

 

South Carolina home insurance prices by city

Not every city in South Carolina has equal home insurance costs. Policy rates rely on location-specific factors such as the number of claims filed in the immediate area, lending your ZIP code plenty of weight in deciding how much you pay.

The best homeowners insurance in South Carolina is found in India Hook. A typical homeowners insurance term in India Hook totals just $1,135 per year — $328 less than the statewide average. The below cities have the most affordable home insurance in South Carolina.

 

AFFORDABLE HOME INSURANCE LOCATIONS IN SOUTH CAROLINA
CityAverage 12-Month Home Insurance Rate
India Hook$1,135
Lesslie$1,142
Clover$1,144
York$1,150
McConnells$1,156

 

Home insurance deductibles in South Carolina

Where you set your deductible can play a large part in determining your insurance premiums. When selecting a deductible, remember that the higher your deductible is, the lower your premiums will be. Therefore, if you are aiming for lower home insurance rates, you’ll want to increase your deductible. Bear in mind: your deductible should not be set at an amount that you would have difficulty paying in the event of a loss.

Below you'll find some common deductibles offered on most home policies along with corresponding average insurance premiums.

 

HOME INSURANCE RATES BY DEDUCTIBLE LEVEL IN SOUTH CAROLINA
Deductible AmountAverage Annual Home Insurance Rate
$500$1,815
$1,000$1,679
$1,500$1,609
$2,000$1,487
$5,000$1,306

 

Home and auto insurance bundles in South Carolina

If you want to save, consider purchasing your homeowners and car insurance policies from the same company. A home and auto insurance bundle in South Carolina can save you a substantial sum each month on your auto insurance policy. Purchasing bundled policies in South Carolina leads to yearly savings of $116.

 

HOME AND AUTO INSURANCE BUNDLING SAVINGS IN SOUTH CAROLINA

Avg. Annual Rate (No Bundle)

Avg. Annual Rate (w/ Bundle)

Annual Savings ($)

Annual Savings (%)

$1,348$1,232$1169%

 


 

South Carolina homeowners insurance FAQs

 

Is homeowners insurance required in South Carolina?

The state of South Carolina does not require homeowners insurance, though your mortgage lender may require it as a part of the lending agreement.

 


 

Homeowners insurance and hurricanes in South Carolina

Since hurricanes can cause devastating destruction and wipe out buildings entirely, insurance companies remain reluctant to assume the full risk of hurricanes as a whole. If you reside in South Carolina, there could be an increased risk of experiencing damage from hurricanes. In fact, 35, 934 single-family homes are at extreme risk of hurricane damage in South Carolina.*

If you own a home in a coastal area, it's of utmost importance to check and understand your homeowners policy since a basic policy won't be sufficient to cover the costs of repairing damage caused by hurricanes — you would need separate windstorm and flood policies, which would work together to cover repairs or replacements. Depending on your state, your insurance company may require a separate deductible for hurricanes if you live in a region that's at high risk for hurricanes.

Learn about high-risk homeowners insurance here.  

*Source: Insurance Information Institute (https://www.iii.org/fact-statistic/facts-statistics-hurricanes)

 

HURRICANE DEDUCTIBLE RATES IN SOUTH CAROLINA
CompanyAverage Annual Rate w/ Hurricane Deductible
Universal Insurance$958
Liberty Mutual$984
State Farm$1,058
United$1,300
AAA$1,361

 

Flood damage and home insurance in South Carolina

Flood damage — whether the byproduct of a rainstorm or a hurricane —is not covered by home insurance. To protect your home, acquire flood coverage from a private flood insurance company or through the National Flood Insurance Program (NFIP).

Flood insurance coverage from private companies may vary, but if you buy through the NFIP you are allotted coverage for:

  • $250,000 coverage for your home's structure
  • $100,000 coverage for your personal property

If the value of your property and home exceed these limits, consider purchasing a policy from a private company for additional protection.

Flood insurance is key in South Carolinawhich suffered $139,809,990 in flood insurance claims in 2016, according to the Federal Emergency Management Agency.

 

Compare insurance rates today.

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Kristine Lee
Kristine Lee LinkedIn

Kristine is a licensed insurance agent and one of The Zebra’s in-house content strategists. With a background in copywriting, she covers the ins and outs of the home and car insurance industries. She has contributed to numerous publications focused on the nuances of insurance, including Automoblog, USInsuranceAgents.com, and BestCompany.com.

About The Zebra

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