Cheapest Car Insurance for a 20 Year Old Male in South Carolina

You have probably watched the commercials from companies like State Farm, Farmers, and GEICO that say if you switch you’ll get huge savings. So you should just choose the one with the best commercial, right?

Unfortunately, it’s just not that easy, as there are many unknown aspects such as the safety features of your vehicle, how far you drive each year, what deductibles you want to use, and if you are a man or woman, that all have an effect on the price of a policy. The content below covers the different ways you can keep rates low and hopefully give you enough understanding to have a good start to your coverage search.

The vehicle that needs insurance is one of the primary factors that determines whether or not you find low-cost auto insurance for 20 year old guys. Vehicles with high performance engines, poor passenger safety features, or a track record of large liability claims will cost quite a bit more to insure than safer, lower-performance models. The information below outlines coverage rates for a number of the most affordable automobiles to insure in South Carolina.

Prices based on single male driver age 20, no speeding tickets, no at-fault accidents, $1000 deductibles, and South Carolina minimum liability limits. Discounts applied include safe-driver, and claim-free. Price estimates do not factor in specific location information which can revise coverage prices significantly.

Table data represents single male driver age 20, no speeding tickets, no at-fault accidents, $1000 deductibles, and South Carolina minimum liability limits. Discounts applied include safe-driver, and claim-free. Estimates do not factor in vehicle garaging location which can impact insurance rates greatly.

Table data assumes single male driver age 20, no speeding tickets, no at-fault accidents, $1000 deductibles, and South Carolina minimum liability limits. Discounts applied include safe-driver, and claim-free. Rate quotes do not factor in specific location information which can impact insurance rates noticeably.

Finding reliable, low-cost auto insurance is not always easy, and determining which companies have the cheapest insurance rates for 20 year old guys may require additional perseverance. Policy rates will more than likely be much greater than the average price in South Carolina, with the extra cost attributed to the potential for more claims related to selling insurance for young men, but reasonable coverage should be achievable if you do a thorough comparison. Every car insurance company has a unique approach to establish rates, so first let’s look at the rankings for the most competitive insurance companies in South Carolina.

Find the Cheapest Auto Insurance for Men Age 20

Compare Rates and Save

The Hartford quotes some of the cheapest car insurance rates in South Carolina at around $775 a year. USAA, Auto-Owners, State Auto, and SC Farm Bureau Mutual are also some of the more affordable South Carolina car insurance companies.

As the rates illustrate above, if you are insured with Auto-Owners and switched to The Hartford, you might achieve savings of upwards of $344. Insureds with State Auto could save as much as $352 a year, and SC Farm Bureau Mutual customers might lower prices by up to $473 a year.

Understand that those prices are averages across all ages of drivers and types of vehicles and do not factor in a price increase for 20 year old guys. So the car insurance company that has the lowest price for you may not even be shown in the list of companies above. That is why you need to compare rates from as many companies as possible using your own specific driver and vehicle information.

When shopping for cheaper car insurance for young men, one of the many things that play a part in determining a rate quote is where your residence is. Cities with larger populations or higher claims like North Charleston, Summerville, and Charleston will most likely have higher rates, whereas areas with lower crime rates and fewer weather claims benefit from lower coverage costs.

The next table shows the most expensive areas in South Carolina for 20 year old guys to buy car insurance in.

Rates are approximated as the specific garaging location can influence coverage prices greatly.

How much more does full coverage cost in South Carolina?

Finding the cheapest auto insurance for 20 year old guys in South Carolina is important to the majority of people, and an easy way to pay less for insurance is to not pay for full coverage. The example below visualizes the comparison of insurance prices when comparing full coverage to liability only. The rate quotes are based on no violations or claims, $250 deductibles, drivers are not married, and no policy discounts are applied.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $250 Deductibles’, ‘Liability Only’],[‘Age 20’, 3057,1035],[‘Age 30’, 1605,569],[‘Age 40’, 1581,529],[‘Age 50’, 1439,495],[‘Age 60’, 1391,487],[‘Age 70’, 1693,649]]);var options = {title: ‘Comparison of Full Coverage and Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in South Carolina’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

If the expense is averaged for all age categories, full coverage costs $1,794 per year over and above liability coverage. That touches on the question if physical damage coverage is worth the money. There is no exact formula of when to stop paying for comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than about 10% of replacement cost minus your deductible, then you might want to think about dropping full coverage.

Impact of citations and accidents on South Carolina insurance rates

A great way to receive the cheapest auto insurance for 20 year old guys in South Carolina is to pay attention while driving and avoid tickets and accidents. The information below demonstrates how citations and accidents can raise insurance costs for different categories of driver ages. The information is based on a married female driver, full physical damage coverage, $100 deductibles, and no discounts are applied.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘One Speeding Ticket and No Accidents’, ‘One Speeding Ticket and One Accident’],[‘Age 20’, 2157,2401,3095],[‘Age 30’, 1511,1759,2451],[‘Age 40’, 1491,1741,2433],[‘Age 50’, 1311,1557,2251],[‘Age 60’, 1249,1495,2187],[‘Age 70’, 1339,1583,2279]]);var options = {title: ‘Violations, Accidents, and South Carolina Insurance Premiums’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in South Carolina’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

The data charted above shows the average cost of a car insurance policy per year with a clean driving record and no accidents is $1,510. Get one speeding ticket and the average cost jumps to $1,756, an increase of $246 each year. Then add one accident along with the one speeding ticket and the annual cost of insurance for 20 year old guys increases to an average of $2,449. That’s an increase of $940, or $78 per month, just for not maintaining a clean driving record!