Finding the Best Deal on Auto insurance in South Carolina
Every insurance company is an individual business that has control over its own rates and how it factors what its clients will pay, despite there being some general standards that most follow. This includes the fact that most will consider men a higher risk than women, teenagers will usually be charged more than adults and people with clean driving records will get the best deals. Beyond that, there are numerous discounts, programs and bundling offers that a south carolina auto insurance company may, or may not, offer. The only solution for any driver who wants the best price is to check the rates of multiple companies every time they are ready to begin a new policy. click here.
Why Some Companies are Cheaper
Auto insurance in South Carolina can range from surprisingly cheap to ridiculously expensive. While the type of coverage does affect the cost, there can be substantial differences from one company to the next, even for the exact same coverage. Low Cost providers are often smaller, bare-bones companies. They may not have any physical locations or agents that provide one-on-one customer service to their clients. These companies typically exist as online entities and are entirely legitimate, but have no frills or extras.
A nationally known company may seem to be a good choice that would provide the best discounts, but this is not always the case. Smaller, privately owned agencies often match their rates, and frequently even beat them. This is because large corporations have more overhead, including higher advertising expenses, more physical locations to pay for and many more employees.
How Clients Control Some Costs
Every south carolina car insurance company must write policies that include state required minimums. Vehicles with liens on them must also carry full coverage, as opposed to just liability. Other than that, there is a lot the client can do to change the amount they have to pay. Extras like roadside assistance, rental cars and towing packages can increase the cost of a policy. Taking advantage of discounts for seniors, veterans and whatever else may be available can also trim as much as 5-20 percent off the cost of a policy. There are a number of other factors that affect Insurance quotes that drivers can control.
- Drivers with good credit regularly receive discounts.
- Married couples are typically given better rates than single clients.
- A clean driving record will lower insurance costs more than any other factor.
- Certain companies, professional organizations and clubs offer discounted insurance plans to their employees or members.
- Driving fewer miles each year reduces the risk of an accident. Insurance companies typically offer discounts to drivers who put less than the national average of 13,476 miles on their vehicle each year.
- Drivers with certain occupations are considered safer by the insurance industry. This includes school teachers, accountants and nurses, among others.
- Auto insurance in South Carolina will be cheaper for people who drive vehicles with good safety ratings, as well as those that have safety equipment like airbags, anti-lock brakes and theft protection devices installed in their vehicle.
How to Get Better Rates
When shopping for Auto insurance in South Carolina, there are some additional tips that can help consumers to find the best price. First, always check with several companies to get the broadest range possible. Do not just look at the bottom line, but make certain that the comparisons are for equal coverage amounts. Talk to someone if their rates seem out of line to see if all discounts are being factored and if there are any others, like a multi-car discount, that has not yet been applied. Look into extras like roadside service and towing to see how much it adds to the policy. In many instances these additional charges are expensive, but in some cases they can be cheaper than paying for an auto club membership. In this instance, by canceling the membership with the auto club, the auto insurance can save the customer money.
Common Insurance Myths to Ignore
A lot of the information people know about insurance companies is true. Insurers will not always cover the full cost of replacing a new vehicle, so purchasing GAP coverage may be needed. Auto insurance also does not necessarily cover lost property stolen from a car. In fact, it usually will not cover this type of loss. While these statements are factual, there are many commonly believed myths about how insurance rates are factored that should be ignored by consumers.
Myth #1: There are safer colors of vehicles
Insurers do not care what color vehicles people drive. Neither their statistics nor any Department of Transportation studies have shown any connection between the color of a vehicle and its accident risk.
Myth #2: Staying loyal to one company saves money
In some instances this may be true, especially if there have been no claims made on the policy. If a claim is made, the policy will almost always go up, no matter how long the driver has been with the company. For many drivers, the discounts many companies offer make it worth shopping around.
Myth #3: Insurance is cheaper on older cars
Insurance rates are not based on the age of a vehicle, but its value, cost to repair and its safety rating. If comparing full coverage on a new vehicle with the minimal coverage on an older automobile, the older one will cost less. However, when comparing policies of equal values there is no guarantee that the age of the vehicle will be a factor that saves money.
Finding Auto insurance in South Carolina does not need to be a time consuming process. It is possible to compare policies easily, and many companies that provide these searches allow drivers to do so without providing a lot of personal information. It is worth the few extra minutes to compare. Recent studies have shown that drivers can save on average approximately $800 a year by shopping around.