Full Coverage Sample Quote: Rating Factors

Full Coverage Sample Quote: Insurance Rate Factors

Discounts Applied to this Full Coverage Sample Quote:

Additional Notes: This person’s vehicle also has smart technology, so there is a discount for that.

Disclaimer: The purpose of this page is to showcase an estimate of what insurance may cost an individual with these products and/or circumstances. This is based on a real Full Coverage sample quote.

Why Is South Carolina More Expensive For Car Insurance Compared To Other States?

There are several reasons why car insurance rates in South Carolina may be more expensive compared to other states. Here are some possible factors:

1. High Accident Rates: South Carolina has a higher-than-average rate of car accidents, which can lead to higher insurance premiums. According to the National Highway Traffic Safety Administration (NHTSA), South Carolina had a higher fatality rate per 100 million vehicle miles traveled in 2019 compared to the national average.
2. Severe Weather: South Carolina is prone to severe weather, including hurricanes, floods, and tornadoes. This can result in a higher frequency of claims for damage to vehicles, which can drive up insurance rates.
3. Uninsured Drivers: South Carolina has a relatively high percentage of uninsured drivers on the road. According to the Insurance Information Institute (III), an estimated 9.4% of drivers in South Carolina were uninsured in 2019. When there are more uninsured drivers on the road, it can increase the likelihood of accidents and result in higher insurance premiums.
4. Demographics: The population and demographics of South Carolina can also play a role in higher insurance rates. For example, rural areas may have fewer options for public transportation, resulting in more drivers on the road. In addition, younger drivers and drivers with a history of accidents or violations may also pay higher rates for car insurance.

It’s important to note that insurance rates can vary widely based on a variety of factors, including the specific location within a state, the insurance company, and the individual driver’s characteristics and history. Drivers can often find ways to save on car insurance by shopping around for quotes from different insurance companies, maintaining a safe driving record, and taking advantage of discounts and other cost-saving opportunities offered by their insurer.