Who Has Cheap Car Insurance for a 20 Year Old Female in South Carolina?

Locating budget auto insurance is difficult, and finding out which company has the cheapest insurance rates for 20 year old women calls for even more perseverance. Rates will probably be quite a bit more than the state average, with the higher price attributed to the added risk that goes along with selling insurance for young women, but economical insurance may be achievable if you shop around. Every car insurance company uses their own calculation to set premium rates, so let’s rank the most competitive insurance companies in South Carolina.

Cheap Insurance Rates for Women Age 20

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The Hartford may have some of the lowest car insurance rates in South Carolina at around $775 per year. USAA, State Auto, Auto-Owners, and SC Farm Bureau Mutual would also make the list of some of the more affordable South Carolina car insurance companies.

As the example above demonstrates, if you have coverage with USAA and switched to The Hartford, you may realize a yearly price reduction of in the vicinity of $210. Drivers with State Auto may save as much as $330 a year, and Auto-Owners customers might realize rate reductions of up to $332 a year.

To discover how much you can save, click here to start your custom quote or visit any of the companies below.

It’s important to note that these premiums are averages across all types of insureds and vehicles and and are not figured with a price surcharge for 20 year old women. So the car insurance company that is most affordable for your situation may not even be featured in the list of companies above. That illustrates why you need to get rate quotes using your own specific driver information and vehicle.

The type of vehicle requiring insurance is one of the main factors that determines the availablility of cheap auto insurance for 20 year old women in South Carolina. Vehicles with limited top-end speed, a great safety record, or a low likelihood of having liability claims will cost substantially less to insure than higher performance models. The data below estimates insurance rates for the most economical vehicles to insure in South Carolina.

Data assumes single female driver age 20, no speeding tickets, no at-fault accidents, $500 deductibles, and South Carolina minimum liability limits. Discounts applied include safe-driver, and claim-free. Price information does not factor in your specific South Carolina location which can alter insurance rates considerably.

Based upon these rates, you can figure that makes and models like the Ford Escape, Chevrolet Traverse, and Honda CR-V are going to be the most budget-friendly vehicles to insure for young women. Rates will be higher anyway because of the fact that there is more claim risk for 20 year old women, but in general those specific models will probably have the lowest insurance rates available.

Comparison of full coverage and liability-only policies

Finding cheap auto insurance for 20 year old women in South Carolina should be important to most people, and one great way to pay less for insurance is to not buy comprehensive and collision coverage. The diagram below shows the comparison of annual premium costs when comparing full coverage to liability only. The rate quotes are based on a clean driving record, no at-fault accidents, $100 deductibles, marital status is single, and no other discounts are factored in.

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As an average for all age groups, comp and collision coverage costs $2,666 per year over having just liability coverage. At some point, about every driver wonders if it’s worth it to buy full coverage. There is no clear-cut formula for eliminating comp and collision coverage, but there is a guideline you can use. If the yearly cost of comp and collision coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.

State Farm, Progressive, Geico, and Allstate: Who is best?

If you are looking for the best auto insurance, four good companies to start with are State Farm, Progressive, Geico, and Allstate. The next table shows some of the different features you can expect with each one.

Find cheap auto insurance for 20 year old women in South Carolina

The list below details some of the recommended thrifty suggestions that can help you quote cheaper coverage.

• Avoid at-fault accidents and claims
• Save money by obeying traffic laws and keeping a clean driving record
• Save money by insuring older vehicles for liability only
• Buy vehicles with good safety ratings
• Multi-policy discounts save money
• Save money by staying claim-free
• Compare price quotes at least once a year

That final tip is notably necessary, as was pointed out in this piece. Car insurance rates in South Carolina can change considerably based on profitability, so drivers shouldn’t be resistant to change to a new company if you can find a cheaper rate. Having a favorite company is fine, but it’s not a good idea if that loyalty ends up costing several hundred dollars every year. Take a couple minutes and compare rates and find cheaper car insurance for 20 year old women.