The Cheapest and Best Homeowners Insurance in Sumter
The Cheapest Home Insurance Companies in Sumter
Most Sumter home insurance companies provide the same coverage, so it's important to look at a provider's average yearly premium to see whether you're getting a good deal.
The companies offering Sumter's cheapest home insurance rates for $250,000 in dwelling coverage are:
- Chubb: $690 per year
- Allstate: $1,071 per year
For Sumter residents with more expensive homes, the following insurers provide the cheapest insurance with $2 million in dwelling coverage:
- Chubb: $6,074 per year
- Universal North America: $7,014 per year
When you change the dwelling coverage amount in the table below, you can see how the premium varies.
The Cheapest Home Insurance in Sumter, Ranked
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Bear in mind that all policies with basic baseline dwelling coverage of $250,000 have personal property limits of $100,000, while policies with $2 million in dwelling coverage have personal property limits of $800,000. All policies include $100,000 in liability insurance.
If you live in another city in the state, you may find MoneyGeek’s information on South Carolina home insurance helpful.
The Average Cost of Homeowners Insurance in Sumter for 2022
Sumter homeowners insurance costs an average of $1,553 per year, compared to the national average of $2,103 and the state average of $3,377. Sumter's insurance rates are fairly affordable in comparison to the state and national averages because Sumter is considered a low-risk area.
Calculate the Cost of Home Insurance in Sumter
When determining home insurance costs, companies often evaluate a variety of factors, including your coverage level, credit score and your home’s location. Insurance companies want to know whether your home is located in a high-risk area that is prone to environmental dangers, theft, vandalism or other issues.
You can use MoneyGeek's home insurance calculator to compare Sumter home insurance quotes. Modify the data to see how your rates vary according to your coverage needs.
Home Insurance Calculator
These are annual estimates. Get a personalized quote to determine your costs.
The Best Home Insurance Companies in Sumter
Most homeowners prioritize price when choosing a home insurance provider. But rates shouldn't be the only factor you consider when comparing Sumter home insurance companies. It’s also essential to consider a company's customer service ratings, financial stability, claim performance ratings and response time.
The top two homeowners insurance providers in Sumter are:
MoneyGeek ranked the top home insurance companies in Sumter using an array of factors, including J.D. Power satisfaction ratings, affordability, financial stability and quality of service.
Chubb scored the highest rating for affordability and stability, and an average rating for overall customer satisfaction. The company pays to have your home rebuilt to its original condition, even if the cost exceeds your coverage. Chubb also provides cash settlement coverage, which is uncommon among insurance companies.
When you add a cash settlement option to your homeowners policy and you suffer a total loss, Chubb offers a cash settlement if you don’t wish to rebuild your home. The company also offers a gated community discount.Read MoneyGeek's Chubb home Insurance Review
Allstate ranked second in Sumter for affordability and received a higher-than-average rating for customer satisfaction. The company offers a claim forgiveness add-on, which guarantees your insurance premium won’t increase if you file a claim. Allstate also offers rare coverages like home rental insurance.
If you rent out your entire home or just a room in it, Allstate's home-sharing insurance provides extra protection for you and your guests. The company offers discounts for remaining claim-free, even if you’re switching from another insurance company.Read MoneyGeek's Allstate home Insurance Review
Cheapest Home Insurance Companies in Sumter for Newly Constructed Homes
Newly constructed dwellings cost less to insure than older homes because newly constructed homes are built with modern materials that are more resistant to damage. And if they are damaged, newer materials are easier to replace.
In Sumter, a newly constructed home costs $1,271 to insure on average, while insurance for a home built in 2000 costs $1,553 on average.
The following insurers offer the most affordable policies in Sumter for newly constructed homes:
- Chubb: $628 per year
- Allstate: $701 per year
The Cheapest Home Insurance in Sumter for New Homes, Ranked
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Cheapest Home Insurance Companies in Sumter if You Have a Lot of Personal Property
Home insurance also covers damages to the personal property you keep in your home. The more property you insure, however, the higher the cost of your insurance. Insurance in Sumter costs $1,712 for $250,000 in personal property coverage, compared to an average of $1,553 for $100,000 in personal property coverage.
The following insurers provide the most affordable options for homeowners with high personal property limits:
- Chubb: $932 per year
- Allstate: $1,093 per year
Cheap Companies in Sumter for Extra Personal Property Coverage
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Cheapest Home Insurance Companies in Sumter for High Deductibles
The amount of your deductible has a significant impact on the cost of your homeowners insurance. The higher your deductible, the cheaper your policy rate, but the more you will pay out of pocket if you file a claim. In Sumter, an insurance policy with a $2,000 deductible costs an average of $1,400, while one with a $1,000 deductible costs an average of $1,553.
The following are the cheapest home insurance providers for homeowners with high deductibles:
- Chubb: $570 per year
- Allstate: $918 per year
The Cheapest Companies in Sumter for High Deductibles, Ranked
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Cheapest Home Insurance Companies in Sumter if You Have Poor Credit
Sumter insurance companies use credit scores to determine insurance premiums, so homeowners with poor credit pay higher premiums for home insurance. A policy will cost an average of $2,005 per year in Sumter if you have poor credit, compared to $1,553 if you have good credit.
The top two most affordable home insurance providers in Sumter for homeowners with poor credit are:
- Chubb: $690 per year.
- Heritage: $1,550 per year.
The Cheapest Companies in Sumter for Poor Credit, Ranked
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Getting Online Homeowners Insurance Quotes in Sumter
When shopping for home insurance in Sumter, insurers will ask you a series of detailed questions. They will use this information to provide you with accurate and customized home insurance quotes. Among the questions to expect are:
- The replacement cost of your home: The home replacement cost is the overall cost of rebuilding your home to its previous state. A building contractor or construction professional can help you determine this cost.
- The value of your personal property: The worth of your personal property will determine the coverage amount you’ll need to purchase.
- Personal information: Insurers will ask for your age, contact information, marital and work status, credit history and more to help them determine your coverage cost.
- Information about your house: Home insurance providers will want to know when your home was constructed, the type and condition of the roof, the layout of the home, the exterior finish, how big your house is and more.
Homeowners Insurance in Sumter Analysis: Methodology
MoneyGeek reviewed homeowners insurance rates from ten of Sumter's leading insurance providers in partnership with Quadrant. Quotes were obtained for homes with varying coverage levels to get affordability scores, and customer satisfaction ratings were gathered from J.D. Power surveys. MoneyGeek obtained quotes for a 2,500-square-foot home constructed in 2000, with an average dwelling coverage of $250,000, $100,000 in liability coverage, $100,000 in personal property coverage, and a $1,000 deductible.
MoneyGeek also collected quotes for other types of homeowners, such as those with newly built homes, higher dwelling or personal property coverage needs, higher deductibles and poor credit scores.
About Mark Fitzpatrick