South Carolina Car Insurance
Bodily injury liability, property damage liability, and uninsured/underinsured motorist coverage compose the auto liability insurance portion of a standard auto insurance policy. The standard auto insurance policy in South Carolina also includes property damage coverage that includes collision coverage to pay for physical damage to your car in an accident with an object or another car, and comprehensive coverage for damages to your car from covered events, like fire, vandalism, and theft. Bodily injury liability provides coverage for claims of other people injured in an auto accident for which you are at fault. Property damage liability provides coverage for claims of other people whose property was damaged in an auto accident for which you are at fault. South Carolina requires a minimum coverage for liability insurance:
Required Coverages in South Carolina:
- Bodily Injury Liability Per Person: $25,000
- Bodily Injury Liability Per Accident: $50,000
- Property Damage Liability: $25,000
Uninsured motorist coverage protects the policy holder if an uninsured or hit-and run driver injures the policy holder. If you are unable to obtain auto insurance from any insurance company after several attempts, you may be able to obtain insurance through the South Carolina Commercial Auto Insurance Plan (SCCAIP) with the help of a SCCAIP-certified agent. Without proof of insurance, you may be fined or have your license or registration suspended or revoked.
Determining Your Rate in South Carolina
Your rate is affected by your driving record, your area, your age, gender, and marital status, your claims history, your credit history, and your vehicle type and its use. An auto insurance company uses the information to quote or underwrite your policy by determining your level of risk. For instance, your area will affect your policy because densely populated areas tend to have more traffic or a higher crime rate, and therefore an increased premium.
Policy holders may lower their premium by maintaining a good driving record, by shopping around for the most coverage at the lowest price, and by having a good credit score. Discounts may apply to a policy for multiple cars on the same auto insurance policy, for the completion of a driver education course, for the installation of safety and anti-theft devices, and for maintaining a low mileage. The average expenditure for auto insurance in South Carolina was $738 in 2009, according to the Insurance Information Institute.