Average Costs and Cheapest Homeowners Insurance Companies in South Carolina

Homeowners insurance costs in South Carolina vary based on your specific needs. For example, Allstate has the most affordable policies for new homes, expensive homes and homes with pools. MoneyGeek analyzed thousands of estimates from different providers to help you get the best and most affordable homeowners insurance in South Carolina.

If you’re looking to balance affordability with a strong service experience, MoneyGeek also scored the best home insurance companies in South Carolina.

MoneyGeek compared thousands of quotes at various coverage levels from different insurance companies in South Carolina to find the cheapest options on home insurance. At an average of $833 per year, Allstate is the cheapest insurer for the state's $250,000 baseline dwelling coverage.

For various dwelling coverages in South Carolina, the following insurers are the cheapest companies:

• Cheapest for $100,000: Allstate
• Cheapest for $250,000: Allstate
• Cheapest for $500,000: Allstate

Your home's replacement value is what determines the level of dwelling coverage you need. The more valuable your home is, the more dwelling coverage you need. By toggling the table below, you can see how the premiums for various levels of dwelling coverage in South Carolina change over time.

A policy's dwelling coverage affects home insurance rates. In South Carolina, a home insurance policy with baseline dwelling coverage of $250,000 costs an annual average of $3,377.

Remember: higher-coverage policies cost more because they offer increased protection against the covered damages and losses. In South Carolina, a policy with $100,000 dwelling coverage costs an average of $1,761, while a $3,000,000 policy costs $50,222, on average — that's a difference of $48,461.

Homes in certain areas may have higher home insurance costs due to increased exposure to natural disasters. To compute how much your homeowners insurance costs in South Carolina, carriers analyze several factors, including your home’s location, age, roof quality and dwelling value, along with your credit score.

You can experiment with different dwelling coverage limits, deductibles and other variables in MoneyGeek's calculator to see how average homeowners insurance rates in South Carolina change depending on specific requirements.

We analyzed thousands of home insurance quotes to find the best and most affordable insurance in South Carolina. According to MoneyGeek’s research, for homeowners who need $2 million in home insurance, the following companies are the most affordable:

• Allstate: $5,001 per year
• State Farm: $7,471 per year

Because rates can vary significantly depending on the dwelling coverage and the insurance company, it is best to compare quotes from several insurers when insuring an expensive home.

MoneyGeek also looked at quotes from South Carolina's insurance companies to find the best deal for newer homes with $250,000 in dwelling coverage, based on a sample home built in 2015.

For people with newer homes and wanting a $250,000 basic dwelling policy, the two most affordable homeowners insurance companies in South Carolina, on average, are:

• Allstate: $545 per year
• State Farm: $942 per year

Newer homes are generally cheaper to insure than older homes. On average, South Carolina's new homes built in 2015 cost $709 less than homes built in 2000.

The data for homes built in 2000 differ from those in the first section due to the use of a different ZIP code collection procedure.

In South Carolina, the average annual cost of homeowners insurance for newer homes is $3,197. Similarly, the average yearly rate for a home built in 2000 is $3,906, which is a big difference of $709.

Older homes are more expensive to insure due to the difficulty of obtaining older materials to repair and the cost of rebuilding them. Besides, older homes show signs of wear and tear.

MoneyGeek compared thousands of quotes to find the best and most affordable insurance for homes with pools in South Carolina. Pool owners in the state looking for the cheapest homeowners insurance with a $250,000 dwelling coverage should consider the following companies:

• Allstate: $833 per year
• State Farm: $1,257 per year

Insurers generally classify swimming pools as an attractive nuisance — pool owners are liable for any injuries incurred to swimmers. In general, homeowners insurance policies for homes with pools cover structural damage to the pool as well as liability coverage in the event that a guest is injured in the pool. As a result, insurance premiums for homes with pools are higher.

The addition of a swimming pool on your property may result in a significant rise in the cost of your South Carolina homeowners insurance policy. The average annual insurance rate in the state for a $250,000 home coverage is $3,377. If you have a swimming pool, the average yearly premium amounts to $3,906, which is $529 more.

MoneyGeek looked at thousands of quotes to find the cheapest homeowners insurance in South Carolina for people with bad credit. South Carolinians with bad credit seeking $250,000 in dwelling coverage pay the lowest for insurance from these two companies:

• Allstate: $1,796 per year
• Universal North America: $1,845 per year

You might see home insurance costs rise if you have a bad credit score. Insurance companies use credit-based ratings to make risk assessments and determine the likelihood that a person will file a claim on their plan.

Numerous criteria are taken into account by insurers when deciding the cost of home insurance. Your credit score is one of the key factors assessed by insurers. Those with poor credit, on average, pay higher premiums than those with good credit scores.

In South Carolina, homeowners insurance for a $250,000 baseline policy costs an average of $3,807 per year for individuals with good credit and $4,917 per year, on average, for customers with poor credit. There is a $1,110 difference between the two values.

The cost of insurance may also differ depending on where you live. Compared to the city's average, Allstate offers the cheapest home insurance in Charleston, saving customers $2,544 each year, on average. To understand more about the insurance prices in your city, consider the chart below.

Before an insurance carrier can provide a binding home insurance quote in South Carolina, customers must submit some important details, including their phone number, address and Social Security number. The carrier may ask other relevant questions about your home and its features to create a customized quote.

MoneyGeek's home insurance calculator might be useful if you're searching for a fully anonymous way to get home insurance quotes in South Carolina. Prices are calculated using a MoneyGeek database of thousands of quotes.

MoneyGeek analyzed homeowners insurance premiums from 10 of the top insurance companies in South Carolina that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across South Carolina. Quotes were gathered with an average home profile of 2,500 square feet, built in 2000, with an average dwelling coverage value of $250,000, liability coverage of $100,000 and personal property coverage of $100,000.