Cheap Car Insurance Quotes for Drivers Under 25 in South Carolina

When discussing auto insurance, the words cheap or affordable really should not be used anywhere in the article to describe car insurance prices. Regardless, cheap auto insurance for drivers under 25 is pretty hard to find. Don’t let that get you down, though, because we can show you some ways you can still get insurance that won’t break your budget.

Finding dependable, affordable auto insurance is challenging, and determining which companies offer the best insurance rates for drivers under 25 calls for a bit more work. Coverage rates will most likely be slightly more expensive than the state average due to the added risk related to offering insurance for drivers age 25 and younger, but competitive insurance may be attainable if you are thorough. Every insurance company has their own process to set policy rates, so first we will examine the insurance companies that tend to have lower prices in South Carolina.

We do need to point out that South Carolina insurance rates are impacted by many factors that may substantially change the price you pay for coverage. Improving your credit rating, buying a safer car, or getting caught speeding may prompt premium changes that can make some companies cheaper than competitors.

Cheapest Insurance Rates for Young Drivers

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The Hartford has some of the best car insurance rates in South Carolina at around $752 per year. USAA, State Auto, Auto-Owners, and Southern Farm Bureau also are some of the lowest-priced South Carolina insurance companies.

In the rate table above, if you have coverage with Auto-Owners and switched to USAA, you might achieve a yearly savings of about $82. Customers with Southern Farm Bureau may save as much as $223 a year, and SC Farm Bureau Mutual policyholders might realize rate reductions of up to $261 a year.

To find cheap auto insurance for drivers under 25 in South Carolina for your vehicle, click here to begin a quote or click through to the companies below.

Be aware that those estimates are averaged across all drivers and vehicles in South Carolina and do not factor in a price surcharge for drivers under 25. So the auto insurance company that fits you best may not even be featured in the above rate chart. That affirms the importance of why you need to get rate quotes using your own driver data and vehicle information.

The type of vehicle you are insuring is one of the primary factors when shopping around for cheaper auto insurance for drivers under 25. Vehicles with lots of speed or power, a lack of advanced safety features, or a history of substantial liability claims will cost significantly more to insure than more economical and safe models. The tables below shows insurance costs for a number of the more afforable automobiles to buy insurance for.

Data based on single male driver age 20, no speeding tickets, no at-fault accidents, $500 deductibles, and South Carolina minimum liability limits. Discounts applied include claim-free, and safe-driver. Table data does not factor in specific location which can modify premium rates considerably.

Table data assumes single male driver age 20, no speeding tickets, no at-fault accidents, $500 deductibles, and South Carolina minimum liability limits. Discounts applied include claim-free, and safe-driver. Rates do not factor in specific zip code location which can affect insurance rates greatly.

Data variables include single male driver age 20, no speeding tickets, no at-fault accidents, $500 deductibles, and South Carolina minimum liability limits. Discounts applied include claim-free, and safe-driver. Rates do not factor in garaging location in South Carolina which can affect auto insurance rates noticeably.

Rate difference between full and liability-only coverage

Finding cheap auto insurance for drivers under 25 in South Carolina is probably important to the majority of drivers, and one common way to find cheaper insurance is to buy liability only. The chart below shows the comparison of annual premium costs with and without physical damage coverage. The price estimates are based on a clean driving record, no at-fault accidents, $1,000 deductibles, single status, and no discounts are applied.

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If the expense is averaged for all age categories, physical damage coverage on your policy costs an additional $1,911 per year more than insuring for liability only. Many people question if you should buy full coverage. There is no definitive formula of when to exclude full coverage, but there is a general school of thought. If the annual cost of your full coverage insurance is more than around 10% of replacement cost minus your deductible, then you may want to consider only buying liability coverage.

For example, let’s pretend your vehicle’s settlement value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $3,000 after paying your deductible. If you are paying over $300 a year for full coverage, then it might be time to buy liability only.

There are some circumstances where eliminating full coverage is not recommended. If you still have a loan on your vehicle, you have to carry full coverage to protect the lienholder’s interest. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should keep full coverage.