Average homeowners insurance cost in Charleston, SC

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The average cost of homeowners insurance in Charleston is $3,979 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), based on Insure.com’s rate data analysis. It’s $1,475 more than the national average of $2,504 .

However, homeowners insurance rates can vary drastically from one home to another. Home insurance rates in Charleston depend on a number of factors, including:

Size of your home
Age of your home
Amount of coverage required
Location
Your credit score

State Farm is the cheapest homeowners insurance company in Charleston with an average annual premium of $2,522 per year.

This guide covers everything from available coverage options to companies with the cheapest homeowners insurance rates in Charleston. Keep reading to learn about the monthly cost of homeowners insurance in Charleston, the cost for different dwelling coverage levels, and which companies provide the most affordable home insurance in Charleston.

Key Takeaways

The cost of your homeowners insurance policy in Charleston can vary based on factors such as your location, the value of your home, and the coverage options you select.
State Farm is the cheapest homeowners insurance company in Charleston with an average annual premium of $2,522 .
If you increase your dwelling coverage from $200,000 to $300,000, you will pay $860 more annually for home insurance.

Average homeowners insurance cost in Charleston per month

Residents of Charleston pay an average of $332 a month for homeowners insurance. It’s $110 more than the state average of $222 and $123 more than the national average for home insurance across the nation.

The cost of your homeowners insurance policy in Charleston may change based on location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house

Homeowners insurance with $200,000 in dwelling coverage and $100,000 in liability protection costs about $3,119 per year in Charleston. Your rate can vary based on a number of factors, especially the risk of natural disasters in your area. Places more prone to floods, hurricanes, or tornadoes often face higher rebuilding costs, which leads to higher insurance premiums.

It is important to note that your insurance plan may not cover flood or hurricane damage. So, if you live in an area prone to flooding, consider buying flood insurance coverage.

Average homeowners insurance cost for a $300,000 house

As per rate analysis by Insure.com, homeowners residing in Charleston typically pay an average of $3,979 annually to insure a home for coverage limits of $300,000 dwelling, $100,000 liability protection with a $1,000 deductible.

Your home insurance rates will be increased by $860 if you increase your dwelling coverage from $200,000 to $300,000. It is advisable to buy enough insurance to cover the entire cost of rebuilding your home. However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.

Average homeowners insurance cost in Charleston by company

Among the carriers we analyzed, State Farm is the cheapest homeowners insurance company in Charleston. Its average annual rate for Charleston homeowners is $2,522 , while Allstate ranks second.

Before picking a homeowners insurance policy, it’s a good idea to do a little homework on the company. To make it easier, our experts reviewed all the top insurers in Charleston and put together a list of the most affordable options. Below, you’ll find the average annual premiums for each provider in the area.

Home Insurance Company	Annual rate
Allstate	$2,814
Auto-Owners	$3,431
Progressive	$3,681
Farmers	$5,194
South Carolina Farm Bureau Mutual	$6,873
Travelers	$9,187
State Farm	$2,522
USAA*	$3,448

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

Bundling your home insurance with other policies, such as auto insurance, can result in substantial savings. Many insurers offer discounts to policyholders who combine multiple policies. It will help you lower your premiums and simplify policy management.

Natural disasters in South Carolina that can impact your home insurance

Natural disasters are a part of life in South Carolina, often leading to expensive insurance claims. That’s why it’s so important to understand which disasters are most likely in your area before choosing a home insurance policy.

When you’re aware of the specific risks in your region, you can tailor your coverage to match – whether that means increasing your policy limits, choosing a deductible you’re comfortable with, or adding extra protection for uncovered events. Taking these steps now can help you avoid being underinsured and give you more financial security if a natural disaster hits your area.

South Carolina is commonly affected by Hurricane and Ice storm.

How home insurance protects you against natural disasters

If your home is hit by a covered event, your insurance can help pay for repairs, replace your belongings, and even cover temporary housing if you can’t live in your home. Having the right coverage in place can make it a lot easier to get back on your feet after a disaster.

That said, not everything is automatically included. While most standard policies cover things like wind, hail, and lightning, you’ll usually need extra coverage for disasters like floods, earthquakes, or wildfires. It’s worth taking the time to understand exactly what your policy includes so there are no surprises when you need it most.

Keep in mind: Standard policies may not cover everything

While homeowners insurance typically protects against common hazards, some natural disasters – like floods and earthquakes – require separate policies. Don’t assume you’re fully covered. Check your policy details and consider endorsements or supplemental coverage if you live in a high-risk area.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Charleston for $300,000 dwelling coverage, $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.

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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.