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Average cost of car insurance in South Carolina for 2023
In South Carolina, full coverage car insurance costs an average of $1,532 per year and minimum coverage costs an average of $524 per year.
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What To Know First
Bankrate’s research into South Carolina car insurance rates found that drivers pay an average of $1,532 per year for full coverage and $524 per year for minimum coverage. To determine these amounts, we analyzed data pulled from Quadrant Information Services for a number of driver metrics. Our team includes licensed insurance agents who have spent years in the industry and are familiar with the intricacies of car insurance rates. Here are some standout facts we discovered as we analyzed average car insurance rates in South Carolina:
- Young drivers tend to pay higher rates than older drivers, with 18-year-old males having the highest average premium at $5,121 per year for full coverage.
- 20-year-olds who buy their own car insurance policy pay over $1,000 more per year for full coverage than drivers of the same age who stay on their parents’ policy.
- Being convicted of a DUI in South Carolina raises full coverage premiums by an average of 95 percent.
- Drivers with excellent credit pay nearly $1,700 less per year for full coverage than drivers with poor credit.
- Of the vehicle models we analyzed, the most expensive was a BMW 330i at $1,944 per year for full coverage and the least expensive was a Honda Odyssey at $1,278 per year for full coverage.
On This Page
- How much is car insurance in South Carolina?
- South Carolina car insurance rates by city
- Average car insurance costs by age and gender in South Carolina
- How does driving record impact the cost of car insurance in South Carolina?
- Car insurance rates in South Carolina by credit tier
- South Carolina car insurance rates by vehicle type
- How to save on car insurance in South Carolina
- Estimate your car insurance cost
- Frequently asked questions
How much is car insurance in South Carolina?
On average, car insurance in South Carolina costs $524 per year for minimum coverage and $1,532 per year for full coverage. South Carolina’s average rates are below the average cost of car insurance in the U.S., which is $622 for minimum coverage and $2,014 for full coverage per year. Keep in mind, though, that the price each driver pays for car insurance is determined by a number of factors. Which ZIP code you live in, your age, driving record, make and model of the vehicle you drive, and the coverage types and limits you need all matter when purchasing car insurance.
Average minimum coverage premium in South Carolina | Average annual full coverage premium in South Carolina |
---|---|
$524 | $1,532 |
South Carolina car insurance rates by city
Where you live in South Carolina makes a difference in how much you’ll pay for car insurance. South Carolina car insurance rates vary by city based on the likelihood of accidents and the average costs of those accidents. Urban areas tend to have higher average rates, since more vehicles on the road means a higher chance of getting into an accident. Additionally, the cost of living — and thus the cost of claims — tends to be higher in cities.
South Carolina city | Average annual full coverage premium | Percentage change from South Carolina average annual full coverage premium |
---|---|---|
Charleston | $1,599 | 4% |
Columbia | $1,543 | 1% |
Mount Pleasant | $1,492 | -3% |
North Charleston | $1,660 | 8% |
Rock Hill | $1,481 | -3% |
Average car insurance costs by age and gender in South Carolina
Car insurance rates in South Carolina also change by age, with younger, inexperienced drivers paying the most for auto insurance. In South Carolina, drivers in the 50- and 60-year-old age group pay the least amount per year for car insurance on average. The average cost of car insurance in South Carolina also varies based on a drivers’ gender. Males tend to pay higher premiums than females, due to a higher statistical likelihood of getting into an accident. The table below shows the average costs for male and female drivers with their own car insurance policy across a range of ages.
Age | Average monthly full coverage premium in South Carolina | Average annual full coverage premium in South Carolina |
---|---|---|
Age 16* | $280 | $3,354 |
Age 18 | $427 | $5,121 |
Age 20 | $311 | $3,726 |
Age 25 | $169 | $2,026 |
Age 30 | $135 | $1,623 |
Age 40 | $129 | $1,549 |
Age 50 | $118 | $1,411 |
Age 60 | $114 | $1,372 |
Age 70 | $125 | $1,497 |
*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied
Age | Average monthly full coverage premium in South Carolina | Average annual full coverage premium in South Carolina |
---|---|---|
Age 16* | $251 | $3,015 |
Age 18 | $354 | $4,251 |
Age 20 | $254 | $3,044 |
Age 25 | $151 | $1,811 |
Age 30 | $132 | $1,582 |
Age 40 | $126 | $1,515 |
Age 50 | $117 | $1,402 |
Age 60 | $113 | $1,355 |
Age 70 | $121 | $1,453 |
*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied
Cost considerations for young drivers in South Carolina
If you’re under the age of 18, you’re not legally an adult and can’t buy your own car insurance in most cases. You’ll likely have to be added to your parents’ or guardians’ policy. Older teens and young adults can buy their own policy, but if they’re still members of their parents’ households, it usually makes more sense to stay on the family policy. That generally results in a cheaper car insurance premium than if the young driver were to buy their own coverage. For example, 18-year-olds pay nearly $2,000 more on their own policy versus on their parents’ policy.
Age | Average annual premium for drivers on their parents' policy in South Carolina | Average annual premium for drivers on their own policy in South Carolina |
---|---|---|
Age 16 | $3,184 | N/A* |
Age 17 | $2,945 | N/A* |
Age 18 | $2,725 | $4,686 |
Age 19 | $2,425 | $3,713 |
Age 20 | $2,283 | $3,385 |
*16- and 17-year-old drivers must be on their parents’ policy.
How does driving record impact the cost of car insurance in South Carolina?
You may be wondering, “How much is car insurance in South Carolina if I have a less-than-perfect driving record?” It’s a good question; your driving record has one of the biggest impacts on your car insurance premiums. A single speeding ticket could increase your full coverage rate by an average of 18 percent, and a DUI conviction — one of the most severe infractions you can have — could nearly double your premium. Maintaining a clean driving record is one of the best ways to keep your rates steady over time. The table below shows the average car insurance cost in South Carolina for several different types of driving incidents.
Driving incident | Average annual full coverage premium in South Carolina | Percentage increase from South Carolina average annual full coverage premium |
---|---|---|
Clean driving record | $1,532 | 0% |
Speeding ticket conviction | $1,806 | 18% |
At-fault accident | $2,197 | 43% |
DUI | $2,980 | 95% |
Car insurance rates in South Carolina by credit tier
Like most states, South Carolina allows insurers to use your credit rating to help determine your car insurance premiums. Statistically, drivers with lower credit ratings tend to file more claims, which makes them a higher risk for insurers and results in higher premiums. For example, drivers with poor credit pay 93 percent more than drivers with good credit, while drivers with excellent credit pay 18 percent less.
Credit tier | Average annual full coverage premium in South Carolina | Percentage change from South Carolina average annual full coverage premium |
---|---|---|
Poor | $2,950 | 93% |
Average | $1,675 | 9% |
Good | $1,532 | 0% |
Excellent | $1,251 | -18% |
South Carolina car insurance rates by vehicle type
The vehicle make and model that you drive also has a large impact on your car insurance rates in South Carolina. Vehicles that cost less to repair or replace, are less likely to get into accidents, or have safety features that help mitigate the likelihood and cost of accidents may cost less to insure. On the other hand, vehicles that cost more to repair or replace generally have higher car insurance costs.
Vehicle | Average annual full coverage premium in South Carolina |
---|---|
Toyota Camry | $1,532 |
Ford F-150 | $1,291 |
Honda Odyssey | $1,278 |
BMW 330i | $1,944 |
Toyota Prius | $1,608 |
How to save on car insurance in South Carolina
When shopping for car insurance in South Carolina, there are a few ways you may be able to save on costs. Finding affordable auto insurance rates may be harder if you have a ticket, accident or DUI on your record, but using these tips may help you get cheaper coverage:
- Do an annual review: If you have not reviewed your car insurance policy within the last year, you could be leaving valuable savings on the table. Review your policy with your insurance agent to make sure your coverage still fits your needs and budget.
- Get multiple quotes: If you do not want to change coverage, but want more affordable car insurance rates, shopping around for quotes and switching carriers may be the way to go. Compare the same coverage types and limits to know which car insurance company offers the best rates for the coverage you need.
- Increase one or both your deductibles: Full coverage car insurance has two deductibles: one for comprehensive and one for collision. The higher your deductibles are, the lower the car insurance rate will likely be, but that does not mean it is the best option for everyone. If you choose to go with a higher deductible, make sure you can pay the full amount out-of-pocket in case you have to file a claim in the future.
- Know rates before you buy a car: One mistake people can make when purchasing a new (or new-to-them) car is focusing only on the monthly car loan payment and not factoring in the cost of car insurance. When shopping for cars, get quotes to compare different makes and models to determine what you can truly afford.
- Take advantage of discounts: Most car insurance discounts are stackable so the savings can really add up if you qualify for several. By bundling auto and home, allowing the insurance company to track your driving habits with a telematics program and paying in full, you may be able to reduce your car insurance rates to save more money.
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