Finding the Best Homeowners Insurance in South Carolina
It doesn't matter what corner of the globe or what state you live in; it can pay off for people that compare different insurance rates for homeowners insurance. And in South Carolina, this is true as well. When you compare homeowners insurance rates, you will find that premiums will likely vary. Sometimes the premiums will vary quite a lot, either higher or lower. Let's take a look at the homeowner's insurance options across the state so that you can find the best homeowners insurance in South Carolina. Are you looking for the cheap homeowner's insurance South Carolina has on offer? Or are you more interested in an extensive policy that offers you more coverage at a competitively priced premium? Whichever it is that you are looking for, you must get a variety of different South Carolina homeowners insurance quotes to compare rates and see which is offering the best deal. South Carolina is well-loved for its beautiful coastlines and mountain ranges. The beautiful landscape that South Carolina is complimented by the state's unique style of homes. The state is considered a desirable state to live in, as residents and potential home buyers appreciate South Carolina's varied natural scenery.
| South Carolina Homeowners Insurance Cost Broken Down | Costs |
|---|---|
| Yearly Cost of Homeowners Insurance in South Carolina | $1,201.00 |
| Costs Per Month for Homeowners Insurance in South Carolina | $100.08 |
How Much is Homeowners Insurance in South Carolina
While South Carolina is considered one of the most scenic states to live in, there are a few drawbacks that Mother Nature brings as well. And in the beautiful state of South Carolina, it seems that Mother Nature wants residents to pay 'tax' in the form of hurricanes. While South Carolina may not experience a hurricane every single season, the state is considered a hurricane state. Therefore it can be expected that the homeowner's insurance rates in South Carolina are higher than the nation's average. The average cost of homeowners insurance in South Carolina is slightly higher than the national average. According to estimates, the average cost of homeowners insurance in South Carolina is over $2,000 per year. With a nation average of homeowners insurance sitting at just over $1000, this is a significant difference. The fact that your home in South Carolina could be in a hurricane's path at some point means that this price hike is expected. And let's face it, if your home is in the unfortunate event of facing down a hurricane, you know you will want to have full coverage for your family home. Insurance companies also offer extended hurricane coverage options for more coverage should your home ever have to contend with a hurricane. The cost of home insurance in South Carolina is typically around 16% higher than the average cost of homeowners insurance in other states. There are a variety of factors that could influence your premiums that you pay on homeowners insurance, including personal information credit history.
| City in South Carolina | Monthly Costs | Yearly Costs |
|---|---|---|
| Charleston, SC | $265.42 | $3,185.00 |
| Columbia, SC | $159.00 | $1,908.00 |
| North Charleston, SC | $215.92 | $2,591.00 |
| Mount Pleasant, SC | $273.08 | $3,277.00 |
| Rock Hill, SC | $143.75 | $1,725.00 |
| Greenville, SC | $142.75 | $1,713.00 |
| Summerville, SC | $209.00 | $2,508.00 |
| Goose Creek, SC | $226.33 | $2,716.00 |
| Sumter, SC | $188.83 | $2,266.00 |
| Hilton Head Island, SC | $247.50 | $2,970.00 |
| Spartanburg, SC | $147.75 | $1,773.00 |
| Florence, SC | $201.92 | $2,423.00 |
| Myrtle Beach, SC | $276.83 | $3,322.00 |
| Greer, SC | $142.25 | $1,707.00 |
| Aiken, SC | $161.08 | $1,933.00 |
| Anderson, SC | $154.67 | $1,856.00 |
| Hanahan, SC | $211.83 | $2,542.00 |
| Mauldin, SC | $150.83 | $1,810.00 |
| Conway, SC | $227.25 | $2,727.00 |
| North Augusta, SC | $157.50 | $1,890.00 |
| Socastee, SC | $240.33 | $2,884.00 |
| Greenwood, SC | $156.92 | $1,883.00 |
| Bluffton, SC | $203.25 | $2,439.00 |
| Simpsonville, SC | $143.75 | $1,725.00 |
| Taylors, SC | $148.25 | $1,779.00 |
South Carolina Homeowners Insurance Laws
If you are looking for homeowners insurance in South Carolina, you should become familiar with South Carolina homeowners insurance requirements and South Carolina homeowners insurance laws. While South Carolina does not implement state-mandated homeowners insurance requirements, the mortgage lender you are using may insist on homeowner insurance as part of the lending agreement. As for South Carolina homeowners insurance laws, the state controls the non-renewal and the cancellation of homeowners insurance policies. As part of the South Carolina legislature, insurance companies issuing fire policies in the state of South Carolina should have indicated the county and name of the business insured for fire. While there are extensive fire insurance policies, many homeowners insurers offer fire insurance as part of a basic plan. It is wise to research your exact coverage and how it is governed under South Carolina state law. If you are a homeowner leasing your property to tenants, state law dictates that you have no cause for action against a tenant that is liable according to insurance claims and legal agreements. There are exceptions, such as when a tenant is purposefully causing harm to the property.
What Does Homeowners Insurance Cover in South Carolina
What does homeowners insurance cover in South Carolina? The answer to this question can be simple but also complicated, as there are a variety of policy options offered throughout the state by different insurance companies. So much so that it could start to feel a bit overwhelming. So, what can you do to see what type of homeowners insurance coverage you need? It's best to shop around and see what the basic policy options are. Compare different companies to see what is included, what is not covered, and what type of premium the company offers you. When shopping around for homeowners insurance in South Carolina, there should be several non-negotiables. You’ll have to find out how much coverage your basic policy offers against flood damage and hurricane damage- but we’ll get more into that in a little bit. For now, you need to know that the basic homeowner's insurance policy should cover (in varying degrees) coverage for your personal property, coverage in the event of damage and coverage for repairs. Hail storms are a common occurrence in South Carolina, so it is important your chosen home insurance policy in South Carolina covers hail storm damage.
| Costs of Home Insurance in South Carolina by County | Monthly Average Costs | Yearly Average Costs |
|---|---|---|
| Abbeville County, SC | $83.08 | $997.00 |
| Aiken County, SC | $88.67 | $1,064.00 |
| Allendale County, SC | $98.00 | $1,176.00 |
| Anderson County, SC | $79.75 | $957.00 |
| Bamberg County, SC | $98.08 | $1,177.00 |
| Barnwell County, SC | $95.42 | $1,145.00 |
| Beaufort County, SC | $140.00 | $1,680.00 |
| Berkeley County, SC | $118.50 | $1,422.00 |
| Calhoun County, SC | $96.58 | $1,159.00 |
| Charleston County, SC | $154.83 | $1,858.00 |
| Cherokee County, SC | $77.83 | $934.00 |
| Chester County, SC | $83.25 | $999.00 |
| Chesterfield County, SC | $94.92 | $1,139.00 |
| Clarendon County, SC | $107.33 | $1,288.00 |
| Colleton County, SC | $111.17 | $1,334.00 |
| Darlington County, SC | $104.92 | $1,259.00 |
| Dillon County, SC | $110.67 | $1,328.00 |
| Dorchester County, SC | $112.33 | $1,348.00 |
| Edgefield County, SC | $84.67 | $1,016.00 |
| Fairfield County, SC | $83.42 | $1,001.00 |
| Florence County, SC | $104.58 | $1,255.00 |
| Georgetown County, SC | $151.83 | $1,822.00 |
| Greenville County, SC | $78.33 | $940.00 |
| Greenwood County, SC | $84.00 | $1,008.00 |
| Hampton County, SC | $110.75 | $1,329.00 |
| Horry County, SC | $176.25 | $2,115.00 |
| Jasper County, SC | $102.17 | $1,226.00 |
| Kershaw County, SC | $91.83 | $1,102.00 |
| Lancaster County, SC | $87.83 | $1,054.00 |
| Laurens County, SC | $80.42 | $965.00 |
| Lee County, SC | $103.42 | $1,241.00 |
| Lexington County, SC | $83.33 | $1,000.00 |
| Marion County, SC | $115.75 | $1,389.00 |
| Marlboro County, SC | $105.83 | $1,270.00 |
| Mccormick County, SC | $84.08 | $1,009.00 |
| Newberry County, SC | $82.08 | $985.00 |
| Oconee County, SC | $83.42 | $1,001.00 |
| Orangeburg County, SC | $100.08 | $1,201.00 |
| Pickens County, SC | $76.08 | $913.00 |
| Richland County, SC | $88.67 | $1,064.00 |
| Saluda County, SC | $84.50 | $1,014.00 |
| Spartanburg County, SC | $86.92 | $1,043.00 |
| Sumter County, SC | $98.08 | $1,177.00 |
| Union County, SC | $81.50 | $978.00 |
| Williamsburg County, SC | $117.75 | $1,413.00 |
| York County, SC | $84.92 | $1,019.00 |
Top Rated Homeowners Insurance Companies in South Carolina Based on Ratings
While the top-rated homeowner's insurance companies in South Carolina are not always guaranteed to be the cheapest policy options, the best homeowners insurance companies in South Carolina will likely be more cost-effective. Is there a difference? Yes, of course, there is. Affordable and cost-effective insurance refers to companies that offer a balance between good pricing and good coverage. Companies offering homeowners insurance in South Carolina may push their premiums slightly above the national average, but there are options to get affordable coverage for everything you need. Top-rated companies in South Carolina include Allstate, State Farm, South Carolina Farm Bureau and the USAA for military families. Allstate homeowners insurance in South Carolina is found to offer the most affordable homeowners insurance policies, while State Farm seems to offer the best balance between price and coverage. When you are sifting through companies offering homeowners insurance in South Carolina, always find out what is covered under the policies- especially the cheaper, low-cost options. If you want to start off with a basic, low-cost policy, the South Carolina Farm Bureau could offer attractive options. They offer extra features and add ons that can tailor your insurance policy to match your needs while being a part of an insurance company with local roots.
| South Carolina Home Insurance Company | JD Power Rating | NAIC Rating |
|---|---|---|
| State Farm Ratings for Homeowners Insurance in South Carolina | 4/5 | 0.2 |
| Allstate Ratings for Homeowners Insurance in South Carolina | 3/5 | 0.31 |
| USAA Ratings for Homeowners Insurance in South Carolina | 5/5 | 0.15 |
| Travelers Ratings for Homeowners Insurance in South Carolina | 2/5 | 0.3 |
| Liberty Mutual Ratings for Homeowners Insurance in South Carolina | 2/5 | 0.4 |
| South Carolina Farm Bureau Ratings for Homeowners Insurance in South Carolina | N/A | 0.48 |
| Auto-Owners Insurance Co. Ratings for Homeowners Insurance in South Carolina | 4/5 | 0.21 |
How to Lower Homeowners Insurance in South Carolina
Market research shows that along with Allstate, Travellers offers some of the lowest-priced homeowners insurance policies. But there are ways to lower your premiums without having to opt for the cheapest options. When you are researching how to lower homeowners insurance in South Carolina, you may come across common South Carolina homeowners insurance discounts. Discounts are welcome in a state like South Carolina, whose already higher than average insurance cost rose in 2020. If you have noticed South Carolinas California homeowners insurance rates increasing in 2020, then you are spot on. Recent market research shows that the average South Carolina's homeowners insurance rate rose by .90% in 2020. This matches the nationwide trend of rising insurance costs. It only makes sense that you should make use of available South Carolina homeowners insurance discounts. So, let's jump straight in; how can you lower your homeowners insurance in South Carolina? Take a moment to review each prospective deductibles and offered discounts. Some companies offer a discount for multi-policies, while others are prefered for their discounts offered for lower risk profiles. There are many options and many ways to find discounts on your homeowner's insurance policy- you just have to find them.
Compare Homeowners Insurance in South Carolina Before Buying
Purchasing and shopping for homeowners insurance in South Carolina is a big deal. Before you make a commitment, you should shop around and compare homeowners insurance in South Carolina. Whether you are looking for affordable homeowner insurance in South Carolina or want to find the best all round coverage option for your home, we can help you. There are many different policy options to choose from. Although it may be tempting to grab at the cheapest homeowner insurance policy, the cheapest is not always the most cost-effective option. Use this guide to help you understand what to ask your potential homeowner insurance company to see which option is the best one for you and your family. South Carolina is a naturally stunning environment to live in, but it does come with its own set of natural perils as well. So, you need an insurance company that you could rely on when Mother Nature flexes her muscles.