Best Home Insurance Rates In South Carolina

On average, your neighbors pay $171 a month.

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Best, Cheapest Homeowners Insurance Companies in South Carolina (2021)

Homeowners in South Carolina pay an average $171 a month for homeowners insurance. Of the six most popular home insurance companies we looked at, Allstate has the cheapest average rate of $86 a month, and Farm Bureau has the highest, $245 a month.

With South Carolina homeowners insurance rates coming in higher than the national average of $144 a month, finding your cheapest home insurance quote is crucial. We looked at the premiums, policy offerings and customer care trends to help make the decision easier for you.

We’ll cover:

How much is home insurance in South Carolina?

South Carolina homeowners pay $171 a month for standard homeowners insurance. That’s 16% higher than the national average home insurance rate of $144 a month. Reasons for the higher rates are in part due to the state’s high crime rate and the frequency of hurricanes and floods.

Average homeowners insurance rates, South Carolina vs. U.S.
Region Average annual rate Average monthly rate
South Carolina $2,049 $171
U.S. $1,726 $144
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

South Carolina’s best, cheapest home insurance companies

In looking at the average monthly rates of the major home insurance providers operating in South Carolina, Allstate has the cheapest average rate of $83, 51% lower than the average state premium of $171.

This is significantly lower in comparison to the rest of the home insurance companies in South Carolina, as the second-cheapest rate is from State Farm, at $152 a month. Farm Bureau has the highest average rate, at $245 a month, 47% higher than the state average.

 

 

After looking at the pricing, policy offerings and customer care rankings of the top insurers operating in South Carolina, we picked the following homeowners insurance companies as the best in the state.

Allstate: cheapest rates and best customer experience

Allstate has the cheapest average homeowners insurance rate in South Carolina, at $86 a month. This is half the average state rate of $171. The graph below shows Allstate’s average rates in South Carolina’s biggest cities.

 

Allstate also received a rating of 882 out of 1,000 in J.D. Power’s 2021 U.S. Property Claims Satisfaction Study, ranking at the top of companies we found in South Carolina. This rating is based on an insurer’s customer retention and renewal trends. USAA has the highest overall rating, but isn’t part of the ranking because it only sells home insurance to military members.

Furthermore, Allstate maintains a 0.8 rating on the NAIC Complaint Index. The National Association of Insurance Commissioners rates insurers based on their ability to resolve claims issues such as payouts and denials. The average Complaint Index in the U.S. is 1.0. Together, these two rankings put Allstate in an excellent customer care position.

State Farm: second-cheapest rates and most popular

State Farm has an average homeowners insurance rate of $152 a month in South Carolina. While higher than the national average, it still comes in 11% less than the state average of $171. The graph below shows how State Farm’s home insurance rates vary in South Carolina.

 

State Farm stands out because of its overwhelming popularity. According to the Insurance Information Institute, State Farm carries 17.9% of the home insurance market share nationwide. Allstate has the next highest market share, 8.9%. 

Starting in 1922, State Farm’s popularity is in large part due to its long experience in providing insurance and forming strong connections with policyholders. State Farm maintains a 0.7 Complaint Index, showing an above-average advantage in dealing with policyholder complaints.

Progressive: third-cheapest rates and most policy options

Progressive’s average home insurance rate in South Carolina is $157 a month. That’s 8% lower than South Carolina’s average rate. Here are Progressive’s average rates in South Carolina’s biggest cities:

 

Progressive offers a wide variety of home insurance policies by working through affiliate companies. This can open up a wider variety of quote options than you may find going through a non-affiliate provider. An issue with getting a policy through Progressive is that due to working with an affiliate, you may not be able to bundle your car insurance with an auto or life insurance policy.

Progressive has a NAIC Complaint Index of 0.2, one of the better rankings in South Carolina. This shows an excellent capability to resolve claim issues.

Cheapest home insurance rates in South Carolina by city

Charleston, Goose Creek and a few other South Carolina cities share the cheapest average home insurance rate with Allstate, at $62 a month. Hilton Head Island pays the highest rates with Travelers, at $636 a month. The table below shows how all of the top home insurers’ rates compare in the most populated cities in South Carolina.

Cheapest average monthly home insurance rates in South Carolina by city
City Allstate Progressive Farm Bureau State Farm Travelers USAA
Charleston $62 $353 $416 $97 $394 $256
Columbia $89 $170 $177 $153 $128 $106
Goose Creek $62 $237 $276 $168 $224 $200
Greenville $90 $122 $160 $124 $202 $92
Greenwood $101 $146 $188 $148 $123 $90
Hilton Head Island $74 $321 $636 $91 $353 $279
Mount Pleasant $62 $377 $304 $101 $451 $302
North Charleston $62 $253 $317 $120 $217 $206
Rock Hill $87 $143 $161 $141 $333 $102
Summerville $62 $243 $286 $145 $191 $198
Sumter $73 $192 $200 $171 $150 $145
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Methodology

We used Quadrant Information Services to generate thousands of home insurance quotes for every ZIP code in South Carolina from the following providers: 

  • Allstate
  • Farm Bureau
  • Progressive
  • State Farm
  • Travelers
  • USAA

Our sample home used the following policy specifications:

  • Dwelling coverage: $275,000
  • Personal property coverage: 50% of dwelling ($137,500)
  • Other structures coverage: 10% of dwelling ($27,500)
  • Loss of use coverage: 20% of dwelling ($55,000)
  • Liability coverage: $100,000

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