Best home insurance company for customer satisfaction
State Farm
3.2 Bankrate ScoreExplore Bankrate's review
- J.D. Power:
- 829 /1,000
- AM Best:
- A ++
- Avg. annual premium for 250k dwelling
- $ 1,474
Explore Bankrate's review
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
At Bankrate, we strive to help you make smarter financial decisions. To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. While we adhere to strict , this post may contain references to products from our partners. Here's an explanation of . Our content is backed by Coverage.com, LLC, a licensed entity (NPN: 19966249). For more information, please see our .
At Bankrate, we strive to help you make smarter financial decisions. To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. While we adhere to strict , this post may contain references to products from our partners. Here’s an explanation of . Our content is backed by Coverage.com LLC, a licensed entity (NPN: 19966249). For more information, please see our
Bankrate’s insurance experts chose the best homeowners insurance in South Carolina by using a series of key metrics. These included reviewing average home insurance premiums from Quadrant Information Services, as well as coverage options, discounts and mobile accessibility. We also considered third-party industry rankings for customer service and financial strength.
From there, the performance of home insurance companies in each of these categories was summed up in a Bankrate Score, which could help you get a full picture of a company and compare it with other carriers. The better a company did in each of these separate metrics, the higher its overall Bankrate Score for a maximum score of 5 out of 5.
Based on our research, which included an analysis of average rates from Quadrant Information Services and a number of other metrics, including customer satisfaction scores from the 2022 J.D. Power U.S. Home Insurance Study, the best South Carolina homeowners insurance companies include State Farm, Auto-Owners and Allstate. While only one carrier on our list have average rates lower than the state average of $1,165 per year, the others offer a range of coverage options, digital tools and other policy features that make them stand out amid the competition.
If you’re looking for the best South Carolina home insurance, shopping around and comparing quotes from several carriers can be a helpful strategy, and you may want to start with these five companies.
Insurance Company | Average annual premium | J.D. Power | AM Best | |
---|---|---|---|---|
State Farm
3.2
Bankrate Score
|
Average annual premium
$1,474
|
J.D. Power
829
/1,000 |
AM Best
A++
(Superior)
|
Read review |
Auto-Owners
3.2
Bankrate Score
|
Average annual premium
$1,187
|
J.D. Power
825
/1,000 |
AM Best
A++
(Superior)
|
Get a quote |
Allstate
3.5
Bankrate Score
|
Average annual premium
$927
|
J.D. Power
815
/1,000 |
AM Best
A+
(Superior)
|
Get a quote |
Travelers
3.3
Bankrate Score
|
Average annual premium
$1,404
|
J.D. Power
794
/1,000 |
AM Best
A++
(Superior)
|
Get a quote |
Average annual premium
$1,345
|
J.D. Power
Not rated |
AM Best
A+
(Superior)
|
Get a quote |
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
Best home insurance company for customer satisfaction
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Explore Bankrate's review
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South Carolina homeowners insurance costs, on average, $1,165 per year for $250,000 in dwelling coverage. For comparison, the national average home insurance premium for the same amount of coverage is $1,383 per year. South Carolina homeowners pay about 16 percent less for home insurance than the average American, and they also pay less for coverage than homeowners in neighboring states. North Carolina’s average home insurance premium is $1,317 per year and Georgia’s average annual premium is $1,373.
South Carolina is on the Atlantic Coast and prone to impacts from tropical cyclones, as well as frequent tornadoes. However, average real estate values across the Palmetto State are lower than Georgia and North Carolina, which could result in a lower average cost to insure your home. There may also be a lesser risk for other types of losses in South Carolina, depending on specifically where you live in the state.
Many homeowners are drawn to South Carolina’s beautiful beaches, but living in a coastal state has risks. Homeowners in South Carolina should be aware of common insurance losses so they can protect their finances against the threat from severe weather events.
The biggest causes of home damage in South Carolina are related to tropical cyclones and related severe weather impacts, such as wind damage and flooding. According to data from CoreLogic, nearly 364,000 homes in South Carolina are at risk of damage from storm surge, which could cause up to $86.4 billion in property damage. It is not uncommon for numerous hurricanes and tropical storms to hit the state each season. In late 2020, Tropical Storms Eta and Zeta created significant flooding issues throughout the state. South Carolina also sustained significant impacts from Hurricane Florence in 2018.
Other common causes of loss include:
Once you have a better understanding of what kinds of property damage commonly occurs in your area, you may feel better informed to choose endorsements to protect your finances.
When you get homeowners insurance quotes in South Carolina, you will notice that some common coverage types — like dwelling, personal property, liability and additional living expenses coverage — are included. And while a basic homeowners insurance policy may be the right fit for some, there are some optional coverage choices that you may want to consider if you own a home in South Carolina. These include:
Discussing your unique situation with a licensed insurance agent might be a good idea. A local agent should be able to help guide you to choose appropriate coverage so that your homeowners policy fits both your budget and your insurance needs.