How Much Is Car Insurance in South Carolina? (June 2024)


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Updated: June 19, 2024

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In South Carolina, the yearly cost for car insurance with full coverage averages $1,641. If you opt for minimum coverage, you're looking at an average of $834 annually. Your car insurance premium depends on multiple factors, including your age, the level of coverage you pick, where you live, your driving record and your credit history. Search for affordable options that suit your budget and coverage needs.

Why Trust MoneyGeek? We analyzed South Carolina auto insurance rates using data and information from the South Carolina Department of Insurance and Quadrant Information Services.

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These rates reflect the average cost of car insurance in South Carolina as of June 2024.

30,900Quotes Analyzed
 
14Companies Compared
 
35ZIP Codes

Average Car Insurance Costs in South Carolina

South Carolina's average full coverage car insurance cost is $1,641 annually. Understanding the average cost of car insurance in your state can help determine if you're receiving an affordable or costly quote from insurers. Explore your options by comparing car insurance quotes to find the best rate.

Discover what you might pay for auto insurance in South Carolina. The average rates serve as a guide to what you could spend monthly or yearly, from minimum coverage to full coverage plans.

100/300/100 Full Cov. w/$1,000 Ded.Average Annual Premium$1,641Average Monthly Premium$137
100/300/100 Liability OnlyAverage Annual Premium$1,199Average Monthly Premium$100
State Minimum Liability OnlyAverage Annual Premium$834Average Monthly Premium$69

Why Are Car Insurance Rates Moderate in South Carolina?

Car insurance in South Carolina is generally more expensive than the national average cost of car insurance. The average annual premium for full coverage with a $1,000 deductible in South Carolina is $1,641, which breaks down to about $137 per month. Compared to the national average of $1,244 annually or $104 monthly, residents in South Carolina pay more for similar coverage.

Several factors contribute to higher insurance rates in South Carolina. These include state-specific insurance laws, the risk of natural disasters like hurricanes, and the number of uninsured drivers on the roads. The average cost of minimum coverage auto insurance in South Carolina is $834 annually or $69 per month, which is still higher than the national average of $573 annually or $48 monthly.

Average Car Insurance Costs in South Carolina by Company

Car insurance premiums can vary widely between companies, even within the same state. For South Carolina drivers seeking the cheapest full coverage, American National P&C offers an annual premium of $536, while the most expensive average premium at Dairyland is $4,111.

By comparing car insurance quotes from various providers, you can identify the cheapest car insurance in South Carolina and find a plan that fits your budget and coverage needs.

Data filtered by:Results filtered by:
Coverage:
Coverage:Full Coverage
Age Group:
Age Group:30-59
American National P&CAnnual Premium$536Monthly Premium$45
Auto-Owners Insurance CoAnnual Premium$932Monthly Premium$78
South Carolina Farm BureauAnnual Premium$950Monthly Premium$79
GEICOAnnual Premium$1,127Monthly Premium$94
American FamilyAnnual Premium$1,165Monthly Premium$97
AllstateAnnual Premium$1,290Monthly Premium$108
ProgressiveAnnual Premium$1,313Monthly Premium$109
TravelersAnnual Premium$1,328Monthly Premium$111
Compare Auto Insurance Rates

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Average Car Insurance Costs in South Carolina by Coverage Level

The cost of car insurance in South Carolina is also influenced by the level of coverage selected. Minimum coverage costs an average of $69 per month, in contrast to a full coverage policy with a $1,000 deductible, which costs an average of $137 per month. It is recommended to opt for full coverage because it provides more comprehensive financial protection.

While including comprehensive and collision coverage in your policy raises your premiums, selecting higher deductibles can offset this increase. The deductible you choose applies to each claim on both comprehensive and collision coverage.

State Minimum Liability OnlyAverage Annual Premium$834Average Monthly Premium$69
100/300/100 Liability OnlyAverage Annual Premium$1,199Average Monthly Premium$100
State Minimum Liability w/ Full Cov. w/$500 Ded.Average Annual Premium$1,375Average Monthly Premium$115
State Minimum Liability w/ Full Cov. w/$1,000 Ded.Average Annual Premium$1,380Average Monthly Premium$115
State Minimum Liability w/ Full Cov. w/$1,500 Ded.Average Annual Premium$1,434Average Monthly Premium$119
300/500/300 Liability OnlyAverage Annual Premium$1,436Average Monthly Premium$120
100/300/1000,000 - 500 comp_collAverage Annual Premium$1,637Average Monthly Premium$136
100/300/100 Full Cov. w/$1,000 Ded.Average Annual Premium$1,641Average Monthly Premium$137

Minimum Car Insurance Requirements in South Carolina

In South Carolina, the minimum car insurance requirements are $25,000 for bodily injury per person, $50,000 for bodily injury per accident, $25,000 for property damage per accident and uninsured/underinsured motorist coverage matching the BI liability limits.

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    $25,000 for bodily injury liability per person

    In South Carolina, each driver must carry at least $25,000 coverage for bodily injury per person.

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    $50,000 for bodily injury liability per accident

    State minimum car insurance requires $50,000 for all persons injured in one accident.

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    $25,000 for property damage liability per accident

    Drivers are required to have a minimum of $25,000 for property damage per accident.

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    $25,000 uninsured motorist bodily injury per person

    South Carolina law mandates $25,000 coverage for bodily injury per person caused by an uninsured motorist.

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    $50,000 uninsured motorist bodily injury per accident

    A minimum of $50,000 is required for all persons injured by an uninsured motorist in a single accident.

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    $25,000 uninsured/underinsured property damage coverage

    State minimum coverage includes $25,000 for property damage by an uninsured or underinsured driver.

Average Car Insurance Costs in South Carolina by City

Your zip code can make or break the cost of your car insurance premiums. Full coverage in Charleston costs $1,552, while in North Charleston it's up to $1,658.

Car insurance rates in South Carolina can be influenced by factors like driving history, the type of car you drive and even your credit score. Traffic volume and weather conditions specific to the state can also play a role in determining your premiums.

CharlestonFull Coverage Annual Premium$1,552Minimum Coverage Annual Premium$861
ColumbiaFull Coverage Annual Premium$1,465Minimum Coverage Annual Premium$801
North CharlestonFull Coverage Annual Premium$1,658Minimum Coverage Annual Premium$894

Average Car Insurance Costs in South Carolina by Age

In South Carolina, age significantly influences car insurance costs. Younger drivers, ages 22 to 29, face the highest premiums, averaging $1,991 annually. As motorists mature, rates tend to decrease; those aged 30 to 59 pay about $1,641, while drivers aged 60 and older enjoy the lowest premiums at approximately $1,554 yearly. This trend reflects insurers' risk assessment based on age-related driving experience.

Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 Full Cov. w/$1,000 Ded.
22-29Average Annual Premium$1,991Average Monthly Premium$166
30-59Average Annual Premium$1,641Average Monthly Premium$137
60 +Average Annual Premium$1,554Average Monthly Premium$129

Average Car Insurance Costs in South Carolina for Teens

In South Carolina, age and gender do indeed affect car insurance rates. For instance, the average annual cost for adding a 16-year-old male to a family car insurance policy is approximately $3,899. Generally, 16-year-olds face the highest premiums. Teens under 18 typically cannot purchase car insurance without a guardian; if they do secure their own policy, the premium can soar to $6,524.

Data filtered by:Results filtered by:
Gender:
Gender:Male
16Added to Family Policy Premium$3,899Individual Premium$6,524
17Added to Family Policy Premium$3,747Individual Premium$5,394
18Added to Family Policy Premium$3,333Individual Premium$4,769
19Added to Family Policy Premium$3,017Individual Premium$3,620
20Added to Family Policy Premium$3,097Individual Premium$3,228
21Added to Family Policy Premium$2,489Individual Premium$2,596
22Added to Family Policy Premium$2,347Individual Premium$2,389
23Added to Family Policy Premium$2,433Individual Premium$2,206

Average Car Insurance Costs in South Carolina for New Cars

The average annual cost of full coverage car insurance for a 2012 model is $1,651, while a 2022 model with the same coverage soars to $1,905. This price hike is due to newer models' higher actual cash value, more expensive repair costs and increased risk of theft.

Experts suggest that drivers with newer models, like those from 2022, should consider comprehensive and collision coverage. This offers protection against a wide range of incidents, including theft, vandalism and accidents.

Data filtered by:Results filtered by:
Coverage:
Coverage:Full Coverage
Age Group:
Age Group:30-59
2012 VehicleAnnual Premium$1,651Monthly Premium$138
2022 VehicleAnnual Premium$1,905Monthly Premium$159
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ACTUAL CASH VALUE

The actual cash value (ACV) of your vehicle is the amount your insurance company will use to determine the payout for a comprehensive or collision claim. ACV accounts for depreciation and wear, reflecting the car’s current market value. If your car is totaled or stolen, the insurance payment will be based on the ACV.

Average Car Insurance Costs in South Carolina by Driving Record

The average cost of car insurance varies significantly depending on your driving record in South Carolina.

  • With a ticket: $2,108 per year; $176 per month
  • With an at-fault accident: $2,387 per year; $199 per month
  • With a DUI: $2,285 per year; $190 per month

The type and severity of a driving violation can increase your insurance premiums. These extra costs will continue as long as the violation remains on your driving record, which varies by state. For example, in South Carolina, a DUI can stay on your driving record for a significant period, impacting insurance costs for years.

While a DUI often leads to the highest increase in insurance premiums, there are exceptions where other violations can be more costly, depending on specific car insurance company practices in various states. To find the average cost of car insurance for different driving records in South Carolina, you can check the table by coverage and age group.

Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 Full Cov. w/$1,000 Ded.
Age Group:
Age Group:30-59
CleanAverage Annual Premium$1,641Average Monthly Premium$137
TicketAverage Annual Premium$2,108Average Monthly Premium$176
DUIAverage Annual Premium$2,285Average Monthly Premium$190
At-fault AccidentAverage Annual Premium$2,387Average Monthly Premium$199

Average Car Insurance Costs in South Carolina by Credit Score

The average cost of car insurance in South Carolina varies based on your credit score, with premiums ranging from $1,034 for those with excellent credit to $2,174 for drivers with poor credit. Your credit score in South Carolina significantly influences your car insurance rates. Good credit, defined as a score between 670 and 739, can net you more affordable premiums, while scores below 580 may lead to much higher costs.

Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 w/ $1000 Deductible
Age Group:
Age Group:30-59
ExcellentAnnual Premium$1,034Monthly Premium$86
GoodAnnual Premium$1,264Monthly Premium$105
FairAnnual Premium$1,525Monthly Premium$127
Below FairAnnual Premium$1,819Monthly Premium$152
PoorAnnual Premium$2,174Monthly Premium$181
Compare Auto Insurance Rates

Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.

Factors Affecting Car Insurance Rates in South Carolina

Understanding the various factors that can impact your car insurance rates in South Carolina is crucial in finding the most affordable plan for your needs.

  • Driving Record: A clean driving record can lead to lower insurance costs. Conversely, tickets, accidents, or DUIs can significantly increase premiums.
  • Age: Young drivers in South Carolina often face higher premiums due to inexperience, which statistically leads to more accidents and claims.
  • Credit Score: Insurers in South Carolina consider credit scores when setting rates. A higher credit score can lead to lower car insurance costs.
  • Vehicle Type: The make, model, and age of your vehicle affect rates. Newer, more expensive cars generally cost more to insure due to higher repair costs.
  • Location: Urban areas with higher crime and accident rates may have higher insurance costs than rural regions in South Carolina.
  • Coverage Level: Opting for collision insurance or comprehensive insurance will increase premiums compared to state minimum coverage, but they offer better protection.
  • Deductible: A higher deductible can lower your monthly premium, but you'll pay more out-of-pocket in case of a claim.
  • Gender and Marital Status: Statistics show that gender and marital status can influence risk assessment, potentially impacting insurance rates.
  • Annual Mileage: Less time on the road means a lower chance of accidents; thus, drivers with lower annual mileage can enjoy cheaper insurance rates.

Each insurer weighs these factors differently, so it's important to shop around for the best rate for your circumstances in South Carolina.

How to Save Money on Car Insurance in South Carolina

To secure affordable car insurance in South Carolina, compare quotes, raise your deductible and use all possible discounts to lower premiums for minimum coverage or comprehensive policies.

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    Shop around for insurance rates

    Review multiple insurance providers to find the cheapest car insurance in South Carolina, as rates can vary significantly.

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    Maintain a clean driving record

    Avoiding traffic violations and accidents helps lower premiums, as insurers consider safe drivers less risky to insure.

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    Increase your deductibles

    Opting for a higher deductible can reduce monthly payments, but ensure you can afford the out-of-pocket cost if needed.

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    Bundle insurance policies

    Purchasing auto and home insurance from the same company often leads to discounts on both policies.

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    Take advantage of discounts

    Ask about discounts for good students, military service or having safety features in your vehicle to reduce costs.

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    Consider the vehicle you drive

    Some cars are cheaper to insure. Research which models carry lower insurance premiums in South Carolina.

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    Consider usage-based insurance

    If you drive less, consider usage-based insurance programs that offer savings for low-mileage drivers.

FAQ: Car Insurance Costs in South Carolina

Get answers about what factors impact the average cost of car insurance in South Carolina and how you can find affordable rates.

What are the minimum car insurance requirements in South Carolina?
What is the average cost of full coverage and minimum coverage auto insurance in South Carolina?
What is the average cost of car insurance for a 22-year-old in South Carolina?
What are the cheapest car insurance companies in South Carolina?

About Mark Fitzpatrick


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Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.