Updated: August 13, 2026
Advertising & Editorial Disclosure
Chubb ranks as Myrtle Beach's best home insurance provider, while USAA, State Farm, Auto-Owners and Foremost also earned top marks.
State Farm provides Myrtle Beach's most affordable home insurance according to our research, with rates averaging $2,928 per year for local residents.
Research your coverage needs and compare quotes from multiple insurers to find affordable home insurance in Myrtle Beach.
Chubb leads as Myrtle Beach's best home insurance company based on affordability, coverage options and customer experience. USAA, State Farm, Auto-Owners and Foremost round out the top five for local homeowners.
| Chubb | 4.75 | $291 | -35% |
| USAA | 4.78 | $391 | -12% |
| State Farm | 4.68 | $244 | -45% |
| Auto-Owners Insurance | 4.24 | $587 | 32% |
| Foremost Insurance | 4.2 | $286 | -36% |
*Rates are for a 2,500-square-foot home built in 2000, with $250,000 of dwelling coverage and a $1,000 deductible.
**Although USAA earned the highest score from our team, we ranked it No. 2 because coverage isn't available to all Myrtle Beach residents.
Average Annual Premium
J.D. Power Customer Satisfaction Score
Number of Discounts
Myrtle Beach homeowners pay an average of $445 per month for home insurance with $250,000 in dwelling coverage. That’s about 72% higher than the South Carolina average cost of $258. The city’s coastal location, frequent hurricane threats and flood risk all contribute to increased premiums. State Farm offers the lowest rate at $244 per month, $201 less than the city average.
South Carolina homeowners find that coverage needs, credit score and claims history affect their insurance rates. State Farm offers the most affordable coverage across most profiles, but individual circumstances determine final costs.
Myrtle Beach homeowners know that getting affordable home insurance without sacrificing quality can be tough. This guide shows you how to find cheap homeowners insurance for your needs.
Building materials in Myrtle Beach affect your dwelling coverage requirements. Local construction costs and coastal building codes determine how much coverage you'll need to rebuild after damage. Too little coverage leaves gaps after serious damage; too much means paying for limits you'll never use. Calculate accurately to match your dwelling coverage needs with actual rebuilding costs.
Basic policies don't include flood insurance, which is worth adding given the area's hurricane and flood exposure. You can get flood insurance through your insurer or the National Flood Insurance Program. Standard policies cover hurricane wind damage, but check that your limits are high enough to cover rebuilding costs after a severe coastal storm.
Check J.D. Power scores and the NAIC complaint index to see how insurers handle claims, then read customer reviews on Trustpilot for firsthand accounts. After a hurricane or flood, service quality matters most, and companies with poor ratings can make a difficult situation worse.
Request quotes from at least three insurers using the same coverage to find your best rate. Make sure each quote includes identical coverage limits and deductibles for an accurate comparison. Coastal areas like Myrtle Beach often see wide price differences between insurers for the same protection.
Choose deductibles you can afford to pay out of pocket after damage occurs. Higher deductibles lower your premiums but increase your costs when you file a claim. Many Myrtle Beach insurers offer separate wind and hail deductibles for hurricane damage. Weigh annual payment discounts against monthly payment flexibility based on your cash flow.
Read your policy documents carefully to understand what's covered and what's excluded. Pay attention to coverage limits, deductibles and claim filing requirements. Ask your agent to explain all coverage types and answer your questions before you sign. Don't finalize anything until you understand how your policy responds to the common risks in Myrtle Beach, including hurricanes and flooding.
We answer common questions about Myrtle Beach home insurance:
Check your policy annually and when you make major home improvements or large purchases. Myrtle Beach's rising construction costs mean dwelling coverage from three years ago might not cover full replacement today. Keeping your coverage current protects you financially.
Hurricane damage coverage divides between wind and water damage. Your standard home insurance handles wind damage from hurricanes, while flood damage needs a separate flood insurance policy. You’ll have different deductibles to consider: wind damage usually requires 1% to 5% of your dwelling coverage, and flood claims follow a separate deductible structure.
Actual cash value (ACV) accounts for depreciation, so you'll receive less for older roofs, appliances and belongings. Replacement cost coverage pays the current price to rebuild or replace items regardless of age or wear, which matters when replacing expensive items like HVAC systems or electronics.
Roofs older than 15 years often come with higher premiums, and many insurers won't cover homes with roofs over 20 years old. A professional roof inspection that confirms the roof is in good condition may help you qualify for coverage and limit potential rate increases, even with an aging roof.
We analyzed home insurance premiums from 10 companies in Myrtle Beach using data from Quadrant Information Services, and used J.D. Power survey scores to evaluate customer satisfaction and claims reliability.
Base Profile Details
Our analysis used a standard Myrtle Beach homeowner profile:
This profile represents a typical Myrtle Beach homeowner and allows for accurate rate comparisons across insurers.
Why This Matters for Your Decision
Comparing identical coverage levels across companies shows which insurers offer the best value. A company advertising low rates might only be cheap for homes with excellent credit scores or newer construction. Our multi-scenario approach reflects realistic costs across different homeowner profiles so you can compare based on your actual situation.
Mark Fitzpatrick, a licensed Property and Casualty (P&C) Insurance Producer in Connecticut, is MoneyGeek's resident expert in insurance and economics. He has spent nearly a decade covering the market, first at LendingTree and now at MoneyGeek, where he analyzes hundreds of carriers and millions of rates across auto, home, renters, health and life insurance.
His work has appeared in The Washington Post, The New York Times and NPR. He draws on independent cost and consumer experience data, and no insurance company partnerships affect his recommendations.
Mark studied at Boston College before earning a master's in economics and international relations from Johns Hopkins University. Before MoneyGeek, he worked in financial risk management at State Street. He's also a five-time “Jeopardy!” champion.
