Who Has the Cheapest Insurance for Used Cars in South Carolina?

The car, truck, or SUV needing coverage is a large factor when consumers are trying to find the cheapest insurance for used cars in South Carolina. Vehicles with limited top-end speed, a great safety record, or low incidents of liability claims will cost significantly less to insure than adrenaline junky models. The information below ranks auto insurance rates for a selection of the cheaper vehicles to insure in South Carolina.

Above prices assume married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and South Carolina minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Information does not factor in your specific South Carolina location which can impact insurance rates noticeably.

By looking at the data, vehicles like the Honda CR-V, Ford Escape, Subaru Forester, Chevrolet Traverse, and Honda Accord should be a few of the most affordable vehicles to insure for pre-owned vehicles.

When shopping for car insurance for pre-owned vehicles, one of the many factors that help set the policy price is where your home is located in South Carolina. Densely populated urban areas like Florence, Charleston, and North Charleston will most likely have higher rates, whereas areas that are not as densely populated enjoy lower car insurance rates.

The next table lists the higher priced cities in South Carolina for used cars to buy an auto insurance policy in.

Premium costs are approximated as vehicle location can decrease or increase insurance rates significantly.

Discounts on the cheapest insurance for used cars in South Carolina

Auto insurance companies that provide policies for used cars may also offer special discounts that could lower prices by as much as 30% if you are eligible. A few of the larger companies and their possible discounts are shown below.

• State Farm may include discounts for driver’s education, multiple autos, passive restraint, student away at school, anti-theft, safe vehicle, and accident-free.
• GEICO discounts include defensive driver, five-year accident-free, driver training, multi-vehicle, seat belt use, and good student.
• SAFECO may have discounts that include anti-theft, drive less, homeowner, safe driver, teen safety rewards, and anti-lock brakes.
• Farmers Insurance may offer discounts for electronic funds transfer, bundle discounts, alternative fuel, switch companies, homeowner, and youthful driver.
• AAA includes discounts for anti-theft, education and occupation, good driver, good student, AAA membership discount, and multi-car.
• USAA offers discounts including driver training, multi-policy, family discount, annual mileage, and defensive driver.

The diagram below illustrates the comparison of auto insurance rates with and without discounts applied to the policy premium. Data assumes a female driver, no claims, a clean driving record, South Carolina state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with vehicle safety, marriage, claim-free, homeowner, accident-free, and passive restraint discounts applied. In this example, the average savings per year on auto insurance for used cars is 28% or $512.

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Which major car insurance company is best?

When researching auto insurance, four companies to definitely compare rates with are Allstate, Geico, State Farm, and Progressive. The following table ranks pricing and service ratings, as well as optional policy coverages you can expect with each one.

Who has the cheapest insurance quotes for pre-owned vehicles?

You have a lot of ways to find affordable auto insurance in South Carolina, but the most frequently used are through a non-exclusive or independent agent, a captive (or exclusive) agency such as State Farm or Allstate, or from a direct company like Progressive or Geico. They all have the same end result, but it’s good to know the differences in how they function.

Independent insurance agencies can place your business with multiple companies and can get policy pricing from each one. Agents of this type are not employed by one specific company and can get prices from more than one company, which can give you more bang for your buck. If they quote lower rates, it’s simple to move the policy and that require little work on your part.

A captive or exclusive agent is restricted to quoting rates for one company like Allstate and Liberty Mutual agents. They usually cannot shop your coverage around, so if finding the cheapest auto insurance is your goal, you will want to shop around.

If you buy direct, you do not use the middleman (the agent) and instead shop direct from companies such as Esurance or Geico. This auto insurance option can be good for people who do not have a lot of assets and have some degree of understanding of what auto insurance covers and what it doesn’t.

So which of those three methods works best for finding the cheapest insurance for used cars in South Carolina? The majority of auto insurance shoppers assume that buying from a direct car insurance company saves money since there isn’t an agent involved, but that is generally not the case. And we’d like to say buying from an independent agent is the best way because they can shop around, but again, that’s not accurate. And sometimes, exclusive agents may have very competitive prices well below independent agents AND direct companies.

Due to that fact that auto insurance uses so many rating variables, the only true way to get the cheapest rates is to do a thorough rate comparison. Put in the effort to get price quotes all three ways in order to find the best price. We compiled a list of companies with some of the cheapest online rates that you can click here to view.

How to get the cheapest insurance for used cars in South Carolina

The list below summarizes many penny-pinching solutions that can help you quote cheap coverage.

• Buying car and homeowners insurance together can save money
• At-fault accidents can raise rates significantly
• Save money by staying claim-free
• Be a safe driver
• Safer vehicles generally have cheaper insurance rates
• Compare rate quotes frequently

The last item on the list is notably vital, as we pointed out in this write-up. Insurance rates change a lot, so drivers shouldn’t be reluctant to change to a new company if a cheaper price is available.

Brand loyalty is not necessarily bad, but it isn’t a good idea if that stubbornness costs you major coinage every year. Take a couple minutes and shop around to find cheaper auto insurance for used cars.