Average car insurance cost in Greenville, SC

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The average car insurance cost in Greenville, South Carolina is $1,953 per year, according to Insure.com data analysis. Also, the car insurance rates in Greenville is $56 less than the average rates in South Carolina and $58 more than the national average.

Most insurance providers consider factors such as location, city demographics, population density, and average resident age, accident rates, theft and vandalism rates while determining your car insurance premium. This may lead to either lower or higher costs compared to other regions.

This article provides details on the most and least expensive car insurance companies in Greenville, the average car insurance rates categorized by age and gender, and the cost of car insurance in Greenville based on coverage limits. Whether you’re a new driver or an experienced driver, this article will help you find the most cost-effective auto insurance in Greenville. Read on to learn more.

Cheap car insurance companies in Greenville

Auto-Owners offers the most affordable car insurance in Greenville for coverage limits of 100/300/100 at $1,440 per year.

The Progressive comes close second offering car insurance at $1,644 per year.

As mentioned previously, car insurance quotes differ amongst companies due to the factors they consider when determining rates. Hence, it’s advisable to obtain quotes from multiple insurers to find affordable car insurance rates in Greenville that align with your needs before finalizing your insurance carrier.

Here are the average annual and monthly costs for the various car insurance companies providing coverage in Greenville, South Carolina:

Read about the best car insurance companies.

Average car insurance cost in Greenville by coverage limits

The average car insurance rates in Greenville based on coverage types are as follows:

• State minimum coverage: $749 per year (limits are 25/50/25)
• Liability only coverage: $992 per year (limits are 50/100/50)
• Full coverage: $1,953 per year (limits are 100/300/100)
• Non-owners coverage: $363 per year

In many states, it’s a legal requirement for drivers to maintain the state minimum coverage, although these requirements vary by state. The state minimum coverage does not cover vehicles listed on your policy in an at-fault accident.

To avoid the risk of insufficient coverage and out-of-pocket expenses, it’s advisable to opt for full coverage or non-owner coverage, especially if you frequently borrow or rent vehicles and don’t own one yourself.

Average car insurance rates by gender in Greenville

The average car insurance rate for a female driver in Greenville, South Carolina, is $2,001 per year.

While the rate for a male driver is $1,901 per year, which is $100 less than what female drivers pay, according to a rate analysis by Insure.com.

Women are considered to be safer drivers than men, and statistics have proved this, according to the Insurance Information Institute. They often pay less for auto insurance because of their lower rate of severe accidents than men.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Greenville

In Greenville, car insurance rates are highest for teens, averaging $5,986 per year or $499 per month. According to the Insurance Information Institute, these higher rates for 16- to 19-year-olds are due to their increased likelihood of road accidents due to their lack of driving experience.

Specific teen driving laws have been implemented to help them become better drivers. Additionally, parents can lower teen insurance rates by adding them to their existing auto insurance policy.

As teens grow older and build a positive driving history, their car insurance rates decrease. Young adults usually pay $3,148 annually for their car insurance, which is $2,838 less than what teens pay for their coverage.

In Greenville, adult drivers pay an average of $1,946 per year for car insurance, while senior drivers pay $1,999 annually.

According to the Insurance Information Institute, rates for adults and seniors are significantly lower than for teens and young adults, as they are more likely to obey speed limits and follow road rules.

Read more on auto insurance for seniors.

The table below lists the average annual rates for drivers of different age groups:

Car insurance rate trends in Greenville

Examining the trends in car insurance rates in Greenville, South Carolina it was on an upward swing from 2022 to 2023. From 2022 to 2023 rates increase overall by 14%, or $234.

The table below shows the trend for last four years:

Conclusion

In conclusion, Greenville’s car insurance rates are lower than the average insurance rates in South Carolina. Drivers in Greenville can find affordable car insurance options by shopping around and taking advantage of available discounts. Moreover, many car insurance companies offer discounts for customers who purchase multiple policies through the same company.

Sources

• Insurance Information Institute. “What determines the price of my auto insurance policy,” Accessed September 2024.
• Insurance Information Institute. “Auto insurance for teen drivers,” Accessed September 2024.
• Insurance Information Institute. “Senior driving safety and tips,” Accessed September 2024.

Methodology

Insure.com team worked with Quadrant Information Service to get car insurance data. To determine the average premiums, our team of data analysts and expert editors have analyzed 53,409,632 insurance quotes from 170 insurance companies across 34,588 ZIP codes.

The insurance rates are based on a sample profile of a 40-year-old male and female driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits:

• $100,000 bodily injury per person
• $300,000 bodily injury per accident
• $100,000 property damage per accident
• $500 comprehensive and collision deductible

The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Prachi Singh

Contributing Researcher

 

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Prachi is an insurance writer with a master’s degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.