Who Has Cheap Auto Insurance for 16 Year Olds in South Carolina?

This would be a quick read if we could simply give you the name of the one auto insurance company that has the most affordable insurance in South Carolina. It’s not that easy, however, as there are many unknowns such as how safe your vehicle is, the amount of driving experience you have, and how well you maintain your credit, that all have an effect on the price. The information below covers these topics and also should give you a solid foundation to find cheaper car insurance.

The safety and performance level of the vehicle requiring coverage is one of the largest considerations when consumers are trying to find the lowest-priced car insurance for 16 year olds. Vehicles with higher performance, a lack of modern safety features, or high incidents of liability claims will cost significantly more to insure than more modest models. The data below showcases auto insurance premiums for a number of the most economical automobiles to insure.

Above prices assume single male driver age 16, no speeding tickets, no at-fault accidents, $1000 deductibles, and South Carolina minimum liability limits. Discounts applied include claim-free, and safe-driver. Rate quotes do not factor in specific garaging location which can increase or decrease premiums noticeably.

Data assumes single male driver age 16, no speeding tickets, no at-fault accidents, $1000 deductibles, and South Carolina minimum liability limits. Discounts applied include safe-driver, and claim-free. Price estimates do not factor in specific garaging location which can impact premiums greatly.

Data rating is based on single male driver age 16, no speeding tickets, no at-fault accidents, $1000 deductibles, and South Carolina minimum liability limits. Discounts applied include claim-free, and safe-driver. Table data does not factor in specific zip code location which can decrease or increase auto insurance rates considerably.

Locating budget auto insurance is hard enough, and deciding which companies offer the cheapest insurance rates for 16 year olds may require even more perseverance. Coverage rates should be much higher than the average policy in South Carolina, with the higher price attributed to the added risk related to offering coverage for new drivers, but reasonable insurance should be attainable if you compare enough rates. Every insurance provider uses their own formula to determine premium rates, so let’s take a look at the insurance companies that tend to be cheaper in South Carolina.

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The Hartford generally has some of the cheapest car insurance rates in South Carolina at around $768 annually. USAA, State Auto, Auto-Owners, and SC Farm Bureau Mutual also make the cut as some of the most economical South Carolina auto insurance companies.

As the rates illustrate above, if you have coverage with USAA and switched to The Hartford, you might see a yearly savings of in the neighborhood of $247. Policyholders with State Auto may save as much as $359 a year, and Auto-Owners policyholders might reduce prices by as much as $373 a year.

To find out how much you can save, click here to get a free quote or visit any of the low-priced companies below.

Be aware that those policy rates are averages across all drivers and vehicles and are not factoring in a rate increase for 16 year olds. So the car insurance company that can offer the best rates for your situation may not even be featured in the above list. That illustrates why you need to compare as many prices as possible using your own individual information.

Cost comparison with and without full coverage

Finding cheap car insurance for 16 year olds in South Carolina is important to the majority of drivers, and one easy way to buy cheap insurance is to buy liability only. The diagram below illustrates the difference between car insurance costs when comparing full coverage to liability only. The rate quotes are based on no accidents, no driving violations, $250 deductibles, single marital status, and no other discounts are factored in.

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On average, comp and collision coverage costs an additional $1,794 per year over liability only. That is a large expense which might make you wonder if physical damage coverage is worth the money. There is no clear-cut formula to delete physical damage coverage, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then it could be time to drop full coverage.

State Farm, Allstate, Progressive, and Geico compared

When it comes to buying auto insurance for new drivers in South Carolina, the top insurers to get price quotes from are State Farm, Allstate, Progressive, and Geico. All of them offer liability and physical damage protection, but each on has different features and discounts that policyholders can choose from. The data below illustrates pricing and service ratings, plus some optional coverages you can expect with each one.