Average homeowners insurance cost in South Carolina

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Whether you’re a new homeowner or looking to buy insurance for your current home, securing the right homeowners’ insurance is crucial. Rates may vary depending on your insurance company and the coverage limits you choose.

According to Insure.com’s data analysis, the average cost of homeowners insurance in South Carolina is $2,668 a year.

Continue reading to learn more about homeowners insurance rates in South Carolina by ZIP code and insurer.

Key Takeaways

Homeowners insurance costs an average of $2,668 a year, based on Insure.com analysis.
Of all the ZIP codes in South Carolina, 29609 has the most affordable home insurance rates at around $1,970 annually.
In South Carolina, State Farm provides the most affordable home insurance at an average annual premium of $1,961.

Average home insurance cost in South Carolina by coverage level

In South Carolina, the annual homeowners insurance cost is $2,668, on average for the limits of $100,000 in liability, $300,000 in dwelling coverage and a $1000 deductible.

Increasing your dwelling coverage from $300,000 to $400,000 will raise your annual homeowners insurance premium to $3,323 in South Carolina, with $100,000 in liability protection and a $1,000 deductible. Below are the average costs for homeowners insurance in South Carolina based on dwelling coverage limits of $300,000, $400,000, and $500,000.

Coverage	Average annual rate	Average monthly rate
$200,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$2,050	$171
$200,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$2,061	$172
$300,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$2,668	$222
$300,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$2,678	$223
$400,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$3,323	$277
$400,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$3,335	$278
$600,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$4,832	$403
$600,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$4,846	$404
$1,000,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$8,159	$680
$1,000,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$8,175	$681

In South Carolina, homeowners insurance companies set rates by assessing various risk factors. Your location, claims history, credit history and coverage limit all affect your premium.

If multiple claims have been filed in your neighborhood over the past few years, you’ll likely face higher home insurance rates than areas with fewer claims. Your credit score can also play a role in determining your home insurance costs.

According to S&P Global Market Intelligence’s RateWatch application, the average homeowners insurance premium for owner-occupied homes nationwide increased by over 11% in 2023.

Best homeowners insurance companies in South Carolina

Before purchasing homeowners insurance, it’s important to compare rates and explore your options. Several factors play a role in choosing the best homeowners insurance company for your specific needs.

We evaluated insurance companies in South Carolina based on their NAIC scores and AM Best ratings to create a list of the top homeowners insurance providers in the state. Our findings show that Auto-Owners received the lowest NAIC score and A++ rating from AM Best. A lower NAIC score indicates fewer complaints relative to the company’s size, suggesting higher customer satisfaction.

Company	Average annual premium	AM Best rating	NAIC Complaint Index	Overall score
Auto-Owners	$2,282	A++	0.33	5
State Farm	$1,961	A++	0.95	5
Allstate	$1,986	A+	0.9	4.92
Farmers	$3,766	A	0.54	4.38
Travelers	$6,207	A++	0.54	3.82
Progressive	$2,445	A+	8.45	3.63

Average homeowners insurance cost by company in South Carolina

State Farm offers the most affordable homeowners insurance in South Carolina, at an average annual premium of $1,961, followed by Allstate and Auto-Owners.

You can save hundreds — if not thousands — of dollars each year if you shop around for homeowners insurance.

Here are the average annual and monthly insurance rates for South Carolina homeowners for a policy with $300,000 dwelling coverage and $100,000 liability protection with a $1,000 deductible.

Company	Average annual rate	Average monthly rate
State Farm	$1,961	$163
Allstate	$1,986	$166
Auto-Owners	$2,282	$190
Progressive	$2,445	$204
South Carolina Farm Bureau Mutual	$2,968	$247
Farmers	$3,766	$314
Travelers	$9,063	$755
USAA*	$1,952	$163

*USAA is only available to military community members and their families.

South Carolina homeowners insurance rates by ZIP code

In South Carolina, insurance companies evaluate the risk associated with specific locations to determine premiums. ZIP codes with higher crime rates or a history of natural disasters are often considered high-risk, resulting in higher insurance premiums. Additionally, the cost of rebuilding or repairing homes in a particular ZIP code can influence your price for a homeowners insurance policy.

Shop around and compare quotes from different insurance companies to find the best home insurance rates in South Carolina. Also, remember to inquire about any discounts, such as bundling policies or smart home discounts, to help lower your premium.

Most affordable ZIP codes for home insurance rates in South Carolina

Home insurance costs vary across different areas in South Carolina. What you pay for homeowners insurance depends on several factors, including your ZIP code. According to our data, the 29609 ZIP code has the lowest home insurance rates in South Carolina, at $1,970 annually or $164 per month.

Here are the homeowners insurance rates for some of the most affordable ZIP codes in South Carolina.

ZIP code	Average annual rate	Average monthly rate
29609	$1,970	$164
29617	$1,977	$165
29605	$1,980	$165
29615	$1,983	$165
29607	$1,984	$165
29601	$1,997	$166
29687	$2,000	$167
29651	$2,001	$167
29681	$2,005	$167
29316	$2,008	$167

Most expensive ZIP codes for home insurance rates in South Carolina

Your ZIP code is a key factor in determining the cost of your homeowners insurance coverage. In South Carolina, certain areas have higher insurance premiums due to elevated crime rates, increased risk of natural disasters, and higher living costs.

29585 has the most expensive homeowners insurance rates in South Carolina at an average annual cost of $6,953.

Below, we’ve highlighted some of the most expensive ZIP codes in South Carolina for home insurance:

ZIP code	Average annual rate	Average monthly rate
29585	$6,953	$579
29577	$6,933	$578
29576	$6,903	$575
29439	$6,875	$573
29575	$6,865	$572
29572	$6,756	$563
29582	$6,411	$534
29928	$6,340	$528
29482	$6,051	$504
29412	$6,037	$503

Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.

Home insurance rates in South Carolina by city

See rates in your city

Home insurance rate trend in South Carolina

We analyzed home insurance rate trends in South Carolina and found that homeowners insurance rates experienced an overall decrease of only 2% or $49, from 2022 to 2023.

The below data shows how much homeowners insurance rates have changed since 2019.

2019 rates	2022 rates	2023 rates
$2,531	$2,717	$2,668

To find the right homeowners insurance, research thoroughly and compare costs from multiple insurers, as they assess risk differently. Getting quotes from at least three companies helps ensure you get the most affordable coverage in South Carolina.

Resources & methodology

Source

S&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed September 2024.

Methodology

Insure.com worked with Quadrant Information Service to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums.

The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:

$300,000 dwelling coverage
$100,000 liability protection
$1000 deductible

We have taken into account 3 important factors such as average annual cost, NAIC score and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.