Who Has the Cheapest Homeowners Insurance in South Carolina?

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Thanks to the significant amount of coastal living and properties in near proximity to east coast storms, South Carolina has the 11th highest homeowners insurance rates in the US. But we wanted to take that a step further as not to lump ALL of South Carolina in as one standalone figure. As it turns out, there's a significant difference between the price of homeowners insurance across the state. From $700 per year to over $2,400 annually, and everywhere in between. The rates you can pay to insure your property in SC will vary greatly depending on what part of the state you call home. 

Best Home Insurance Companies in South Carolina

Interested in knowing which homeowners insurance companies had the best rates in the state? Below you'll find rates for two kinds of houses (Masonry and Frame) across 18 of the top insurers operating in South Carolina. 

Insurance Company Masonry Frame Average
Universal Insurance $603 $635 $619
Pacific Insurance $636 $636 $636
American Strategic Insurance  $641 $713 $677
Federal Insurance  $821 $821 $821
Allied  $850 $900 $875
Allstate $993 $1,041 $1,017
The Hartford $1,077 $1,203 $1,140
Privilege Underwriters $1,077 $1,189 $1,133
South Carolina Farm Bureau   $1,077 $1,237 $1,157
Safeco Insurance  $1,085 $1,142 $1,114
Chartis Casualty $1,096 $1,185 $1,141
Foremost Insurance  $1,099 $1,238 $1,169
USAA $1,111 $1,231 $1,171
Trumbull Insurance $1,115 $1,138 $1,127
Travelers Insurance $1,334 $1,506 $1,420
State Farm $1,472 $1,669 $1,571
Owners Insurance  $1,505 $1,679 $1,592
Auto-Owners $1,983 $2,211 $2,097

Cheapest Homeowners Insurance in South Carolina

It's no surprise that the cheapest counties for homeowners insurance in South Carolina are inland and far away from the large storms that can blow in off the Atlantic Ocean. The two cheapest areas are:

Greenville County

The county of Greenville is home to almost 475,000 people (60,000+ of which live in the county seat of Greenville). The area is no stranger to awards with Greenville has been recognized as a top city for Young Professionals, Job Searchers, and is also one of the Fastest Growing cities in the United States according to CNN. For residents looking to purchase homeowners insurance for their abode, they'll be happy to know that rates in Greenville county are cheaper than any place in South Carolina. Annual premiums average $702 which is 35% cheaper than the state average.

York County

Bordering the state boundary line and North Carolina to its north, York County comes in 2nd place behind Greenville for the cheapest home insurance prices in SC. York County is slightly smaller than Greenville with only 240,000 citizens (although it's still the 7th largest county in the state). According to Trulia.com, the average home price in York County is the 13th highest in the state. Fortunately, while home prices might be on the higher end, home insurance costs are only $708 per year or $59 monthly, on average!

Most Expensive Homeowners Insurance in South Carolina

Our two most expensive counties sit right next door to each other along the coast of South Carolina. With the number of tropical storms and even hurricanes that blow through this area on an annual basis it's not shocking to find out that these parts of SC are more expensive than others. 

Charleston County

Sitting right in the middle of the South Carolina state coastline, Charleston is a beautiful oceanfront town with a rich history, beautful architecture, and loads of adventurous fun to be had. On the flip side, the 350,000 residents of Charleston County pay housing prices that are higher than any other place in the state and unfortunately the news doesn't get better with insurance prices. Average annual premiums for homeowners insurance in Charleston run around $2,410 which is 340% more than in Greenville!

Georgetown County

Charleston's neighbor to the northeast, Georgetown County, is much smaller population-wise with around 60,000 residents, but its insurance prices are still incredibly high because of its location on the Atlantic Ocean. Insurance premiums are $11 cheaper than in Charleston at $2,399 per year or $200 each month.

Cost of Homeowners Insurance in South Carolina

We looked at all 46 counties in South Carolina and have listed them from cheapest to most expensive in the chart below. The dollar figures represent the average annual premium a homeowner would pay for their insurance in each respective county.

 

Study Methodology

The premiums we analyzed are for a single familly, owner occupied home with $150,000 of insurance written on Form HO-3 or equivalent with full replacement costs. Our hypothetical owners also has a 5-year loss history that is claim free. The policy has a $500 deductible and the insured home was built in 2005. We looked at rates for both a Masonry house in addition to a Frame house. 

Surveyed homeowners insurance costs in South Carolina are for illustrative purposes only and actual quotes will vary based on your physical residence, claims history, and other factors.