Liability Sample Quote: Rating Factors

Liability Sample Quote: Insurance Rate Factors

Discounts Applied to this Liability Sample Quote:

Additional Notes: This person has a good driving record!

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 Liability sample quote.

Why Does South Carolina Require Uninsured Motorist On All Policies?

South Carolina requires all auto insurance policies to include uninsured motorist coverage to protect drivers from financial losses in case they are involved in an accident with an uninsured or underinsured driver. There are several reasons for this requirement:

1. High rate of uninsured drivers: South Carolina has one of the highest rates of uninsured drivers in the United States. By mandating uninsured motorist coverage, the state aims to ensure that drivers are financially protected if they are involved in an accident caused by an uninsured driver.
2. Financial protection: If you are in an accident with an uninsured driver and they are at fault, you may face difficulties in recovering damages to cover your medical expenses, vehicle repairs, and other losses. Uninsured motorist coverage provides an additional layer of financial protection, allowing you to file a claim with your own insurance company to cover these expenses.
3. Underinsured drivers: Even if drivers have insurance, their coverage limits may not be sufficient to cover the full extent of damages in an accident. Underinsured motorist coverage helps fill the gap by providing additional compensation if the at-fault driver’s insurance is inadequate to cover all the expenses.
4. Legal requirement: South Carolina state law mandates that all auto insurance policies must include uninsured motorist coverage. Failure to comply with this requirement can result in penalties and potential legal consequences.

By requiring uninsured motorist coverage, South Carolina aims to protect its residents from the financial risks associated with accidents involving uninsured or underinsured drivers and ensure that they have access to compensation for their losses.