Insurance Belton SC – Your Credit and how it affects your insurance premiums

A frequently asked question we get – what does my credit have to do with my insurance? Well, credit plays a factor in any big thing, like financing a vehicle, or qualifying for a home loan. Just like lenders, insurance companies look at your credit score to figure if you are a favorable customer. A person with better credit is more likely to make their payments on time and stay in good standing. Whereas, a person with bad credit may be late, or miss payments.

Credit Impact on Insurance rates in Belton Average Premium by Score	Price
Excellent	$136.53
Good	$153.85
Average	$185.24
Poor	$261.99

Insurance Belton SC

In Belton, South Carolina, residents have access to various insurance options to meet their needs. Here are some types of insurance coverage available in Belton, SC:

1. Auto Insurance: Auto insurance is required by law in South Carolina and provides coverage for damages and liabilities resulting from accidents involving your vehicle. Auto insurance policies typically include liability coverage, collision coverage, comprehensive coverage, uninsured/underinsured motorist coverage, and medical payments coverage.
2. Homeowners Insurance: Homeowners insurance protects your home and personal belongings against damages caused by covered perils such as fire, theft, vandalism, and severe weather events. It also provides liability coverage in case someone is injured on your property.
3. Renters Insurance: Renters insurance is designed for tenants who rent their homes or apartments. It provides coverage for personal belongings, liability protection, and additional living expenses if your rental becomes uninhabitable due to a covered loss.
4. Business Insurance: Business owners in Belton can protect their enterprises with various types of business insurance, including general liability insurance, commercial property insurance, workers’ compensation insurance, commercial auto insurance, and business interruption insurance.
5. Motorcycle Insurance: Motorcycle insurance provides coverage for damages and liabilities resulting from accidents involving motorcycles. Policies may include liability coverage, collision coverage, comprehensive coverage, uninsured/underinsured motorist coverage, and medical payments coverage.
6. Boat Insurance: Boat insurance covers damages and liabilities associated with boating accidents, including collisions, theft, and vandalism. Policies may include coverage for the boat, motor, trailer, personal belongings, and liability protection.
7. RV Insurance: RV insurance provides coverage for recreational vehicles, including motorhomes, travel trailers, and camper vans. Policies may include coverage for the RV, personal belongings, liability protection, and roadside assistance.

It’s essential to assess your insurance needs and work with an insurance agent or broker to find the right coverage options for your situation. They can help you compare policies, understand coverage limits and exclusions, and obtain quotes from multiple insurance carriers to find the best rates available in Belton, SC.

Insurance Company Ratings AM Best, and JD Power

Just like going car shopping, or clothes shopping – quality over quantity. You should consider doing your own research on an insurance company if you are looking at starting a policy. Insurance companies are rated by AM Best, and JD Power. It’s basically like an online review for an insurance company. You want to choose a company that has high ratings, which would indicate they have superior customer service, and are helpful in the claims process. Take a look at the chart below to see the ratings of some well known Insurance companies.

COMPANY	J.D. POWER CLAIMS	A.M. BEST RATING
Mercury	837	A
The Hartford (AARP insurance)	873	A+
Travelers	865	A++
American Family Insurance	857	A
State Farm	878	A++
Auto-Owners Insurance	870	A+
Esurance	844	A+
MAPFRE Insurance	842	A
MetLife	867	A+
Automobile Club Group	857	A++
Safeco (A division of Liberty Mutual)	855	A
COUNTRY Financial	896	A+
Amica Mutual	898	A+

Liability Requirements for Insurance Belton SC

Every state has their required liability limits and coverages. In Belton South Carolina, the state minimum required is 25/50/25 and Uninsured Motorist 25/50/25 as well. Some states do not require you carry Uninsured Motorist, and give it as an optional coverage to add to your policy. You can also increase your liability limits for higher coverage. For instance, if you are a home owner, you should consider carrying 100/300/100 for you liability instead of the State Minimum that is required.

State	Minimum Coverage Requirements	Average Cost for Minimum Liability Coverage
South Carolina	25/50/25	$537

Violations and how they impact your rates insurance Belton SC

Violations can have a big impact on your auto insurance rates. When it comes to violations, there are major, minor, and nonmoving. Depending on what kind of violation you have, it can stay on your record and impact your rates for more than 5 years. Check out some of the violations and impact they can have on you in the chart below.

Violation Name	Major, Minor, or Non Moving	How Long it Will Affect Your Insurance Rates
Reckless Driving	Major	5 Years
Speeding	Minor	3 Years
Failure to Secure Load to truck/trailer	Minor	3 Years
Driving without a License	Major	3 Years
Improper Lane use	Minor	3 Years
No Proof of insurance	Non Moving	NA*
Crossing over a Center Divider	Minor	3 Years
Parking	Non Moving	NA*
Failure to Stop for a Pedestrian Side walk	Minor	3 Years
Using a Cell Phone with Driving	Minor	3 Years
Failure to Use a Seat Belt	Non Moving	NA*
Failure to Yeld	Minor	3 Years

Sample Car Insurance Rates for insurance Belton SC

Anderson County single female, between the ages of 30-35 with a clean driving record.  Full coverage quote on a 2016 Nissan Versa SV. Discounts applied included: proof of prior insurance, 3 year violation free, 5 year accident free, paperless, and EFT (electronic funds transfer – payment plan). 

Progressive was the most affordable at: $219.40 to start and then monthly payments of $179.72. Coverage included liability limits of 25/50/25, uninsured motorist protection of 25/50/25, $250.00 Comprehensive deductible, $250.00 Collision deductible.  Total cost of insurance is $1093.00 and resulted in a $25.00 per month savings over State Farm.

24 year old female looking for full coverage on a 2012 Nissan Altima in Belton SC.  Coverage options requested is liability set to state minimum of 25/50/25, uninsured motorist at 25/50/25, Comprehensive and collision coverage at a $500.00 deductible, roadside assistance, and rental car reimbursement at a $40 per day option. 

Discounts applied to help make the insurance quote more affordable: 3 year violation free discount, 5 year accident free discount, paperless discount, and some college for education discount. Customer elected to reject under-insured motorist bodily injury and under insured motorist property damage protection to help lower her overall insurance cost. Vehicle used for commuting back and forth to work 10 miles.  Assurance America came in the least expensive at $385.91 to start with payments at $395.82.

47 year old male driver requesting state minimum liability with Comprehensive and Collision coverage on a  financed 2003 Ford F-250 pickup near Belton SC in Anderson County. Assurance America came in the least expensive.  One rated driver, one household member excluded. Policy set up on a low cost initial down payment of $207.87. Then affordable monthly installments auto deducted through insured checking account of $207.87. 

Discounts applied include: safe driver, Coverage options selected: Towing, rental reimbursement, Comprehensive $500 deductible, Collision $500 deductible, state minimum liability limits and uninsured motorist bodily injury with uninsured motorist property damage protection.  Immediate proof of insurance was emailed. Proof was also provided to the dealership to allow customer to drive the truck off the lot. Second lowest carrier was Progressive, and then Dairyland insurance. Medical payment and under-insured motorist bodily injury coverage was offered but not taken.

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Last Updated on March 31, 2024 by Marlon Moss