Homeowners Insurance in South Carolina

Homeowners insurance shouldn't be complicated. Compare rates from South Carolina by location and carrier below.

How to find cheap homeowners insurance in South Carolina


Home insurance is an optional but important insurance coverage. It keeps your investment insured in the event your house suffers damage from a common incident. A homeowners policy protects your home and your items in the event of an array of misfortunes, including wind damage, fire, theft, vandalism, and more.

Unlike car insurance, homeowners insurance isn't priced based on state-level legislation. That said, major gaps exist in homeowners insurance costs from state to state. Insurance policy rates in US states diverge based on the total number and value of homeowners claims filed statewide, and also on the value of the belongings and property you're covering.

The easiest way to find affordable homeowners insurance in South Carolina is to get quotes from as many companies as possible. Learn more about homeowners insurance costs in South Carolina by referencing the below tables. Your rates may vary, depending on your coverage limits.


South Carolina home insurance:
  1. Homeowners rates by company
  2. Costs by city
  3. How to bundle home and auto insurance
  4. FAQs

Homeowners insurance rates in South Carolina by carrier

Home insurance prices in South Carolina differ based on the insurance company you choose. Universal Insurance offers the most affordable homeowners insurance in South Carolina — $843 per year. This compares favorably to the state average cost of $2,196, offering a $1,353 price cut on the typical rates in the state.

Start your search for affordable coverage by reviewing the most affordable South Carolina insurance companies, listed below.


HOME INSURANCE RATES IN SOUTH CAROLINA: BY CARRIER
CompanyAverage Annual Rate in South Carolina
Universal Insurance$843.43
Safeco$1,353.48
State Farm$1,458.54
AAA$1,460.19
United$1,744.67

South Carolina home insurance costs by city

Not all South Carolina cities have the same homeowners insurance rates. Prices depend on locally specific variables such as the number of claims filed nearby, giving your ZIP code weight in deciding how much you pay.

The best homeowners insurance in South Carolina is found in Greer. The average home insurance policy in Greer costs $1,441 per year — $755 less than the average policy in other South Carolina cities. The below cities have the most affordable homeowners insurance in South Carolina.


AFFORDABLE HOMEOWNERS INSURANCE BY CITY IN SOUTH CAROLINA
CityAverage Annual Home Insurance Rate
Greer$1,441.31
Spartanburg$1,449.53
Easley$1,453.19
Simpsonville$1,460.28
Taylors$1,471.58

Home and auto insurance bundles in South Carolina

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


HOME AND AUTO INSURANCE BUNDLING DISCOUNTS IN SOUTH CAROLINA
Avg. Annual Auto Insurance Rate (No Bundle)Avg. 12-Month Auto Insurance Rate (Bundle)Annual Bundle SavingsBundle Savings %
$1,348.00$1,232.00$116.009%

One of the best ways to save on auto insurance is to bundle your policies. Get started today!



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.

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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.

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


Flood damage and home insurance inSouth 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 Carolina,which suffered $139, 809, 990 in 2016 flood insurance claims, according to the Federal Emergency Management Agency.


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