Updated: February 1, 2026
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Chubb offers South Carolina's cheapest homeowners insurance, with average rates of $2,047 per year.
Chubb, State Farm, USAA, Allstate and Foremost cost 12% to 34% below the $3,100 state average.
Bundle your home and auto insurance policies to save 10% to 25% on premiums — one of the biggest discounts South Carolina insurers offer.
Chubb is the cheapest home insurance company in South Carolina at $2,047 per year. State Farm ranks second at $2,064 annually and covers all South Carolina residents. The five most affordable insurers deliver savings between $374 and $1,053 compared to the state average.
| Chubb | $171 | $2,047 | -34% |
| State Farm | $172 | $2,064 | -33% |
| USAA | $204 | $2,448 | -21% |
| Allstate | $205 | $2,455 | -21% |
| Foremost Insurance | $227 | $2,727 | -12% |
*The rates above are for homeowners ages 41 to 60 with good credit and no claims history. Quotes are for a home built in 2000 insured for $250,000 in dwelling coverage, $125,000 in personal property coverage and $200,000 in liability coverage with a $1,000 deductible.
According to our cost research, Chubb offers the most affordable coverage across six categories: older homes, young homeowners, seniors, high-risk fire zones, smaller homes and larger homes. State Farm provides the best rate for newer homes at $1,467 annually.
| Older Homes | Chubb | $2,063 |
| Newer Homes | State Farm | $1,467 |
| Young Homeowners | Chubb | $2,050 |
| Senior Homeowners | Chubb | $2,040 |
| High-Risk Fire Homes | Chubb | $2,294 |
| Smaller Homes | Chubb | $2,127 |
| Larger Homes | Chubb | $2,372 |
The cheapest company may not be your best fit. Customer service quality, coverage options and claims handling matter beyond price. Our guide to the best home insurance companies in South Carolina compares insurers across these factors.
Risk factors differ by location, so insurers price policies differently across South Carolina. Chubb offers the lowest rates in Columbia and Florence, while State Farm provides better deals in Charleston and Myrtle Beach.
| Charleston | State Farm | $2,299 |
| Columbia | Chubb | $1,230 |
| Florence | Chubb | $1,211 |
| Ladson | Chubb | $1,871 |
| Laurens | Chubb | $1,314 |
| Leesville | Chubb | $1,165 |
| Myrtle Beach | State Farm | $2,928 |
| North Charleston | State Farm | $2,275 |
| Sumter | Chubb | $1,224 |
Chubb delivers the lowest premiums at $724 annually for $100,000 dwelling, $50,000 personal property and $100,000 liability protection. State Farm provides the most affordable rates for mid-range and high-value homes, as well as the cheapest option at a premium $1 million dwelling, $500,000 personal property and $1 million liability levels.
| Chubb | $60 | $724 |
| Foremost Insurance | $87 | $1,044 |
| State Farm | $92 | $1,099 |
| Allstate | $108 | $1,291 |
| USAA | $116 | $1,394 |
South Carolina homeowners can cut their insurance costs by hundreds of dollars annually through discounts, higher deductibles and smart home improvements.
Combine your home and auto insurance with the same company to save 10% to 25% on both policies. State Farm, Allstate and Progressive offer bundle discounts to South Carolina homeowners.
Raise your deductible to lower your annual premium, though you'll pay more out of pocket when filing a claim. Choose a deductible amount you can afford if you need to file a claim.
South Carolina allows insurers to use credit-based insurance scores when setting rates. Improving your credit score can save you hundreds of dollars annually on your home insurance premium.
Filing multiple claims within three years triggers rate increases. Use homeowners insurance for major losses rather than small repairs you can afford.
Contact your insurer to find all discounts you qualify for beyond bundling. Review your policy annually to add new discounts as your situation changes.
Frequently asked questions about the cheapest home insurance in South Carolina:
Standard homeowners insurance in South Carolina covers tornado damage to your dwelling and personal property. Flood damage from tornadoes requires separate flood insurance, as it's excluded from regular policies.
Flood insurance isn't required statewide in South Carolina, but your mortgage lender will require it if your property sits in a FEMA high-risk flood zone. Even if not required, consider getting flood coverage since standard homeowners insurance doesn't cover flood damage.
Replacement cost coverage pays the full amount to rebuild or replace your damaged property without subtracting for wear and tear. Actual cash value coverage deducts depreciation, giving you less money. Most South Carolina lenders require replacement cost coverage to protect their investment.
You can cancel your South Carolina home insurance policy anytime without paying cancellation fees, and you'll get a prorated refund for unused premium. Your mortgage lender requires continuous coverage, so avoid gaps that could trigger forced insurance or penalties.
Our rate analysis reflects what most South Carolina homeowners need: standard coverage for a typical single-family home built within the past 25 years.
We collected quotes from major insurers using a consistent homeowner profile across South Carolina. This approach shows how each company prices the same coverage by removing variables that make direct comparisons difficult. The base profile represents the most common home insurance scenario in South Carolina.
Standard Coverage Profile:
For specialty scenarios like older homes, high-value properties and rural locations, we adjusted variables from this base profile while keeping other factors constant. This shows how specific characteristics affect your rate compared to the standard homeowner.
These figures are estimates based on statewide averages. Your actual premium depends on your home's location, age, construction type and your claims history. Compare quotes from at least three insurers to find your lowest rate.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
