South Carolina Car Insurance
Utilizing price comparison tools when shopping for South Carolina (SC) car insurance is a smart move for motorists in South Carolina. Because having car insurance in South Carolina is legally mandated by both the state and federal government, utilizing a price comparison tool can potentially save the consumer a large sum of money over a period of time. Our website offers a quick and free method of receiving an accurate car insurance quote.
Your Options for South Carolina Car Insurance Coverage
South Carolina is like every other state in that it requires a motorist by law to maintain some minimum level of car insurance. In South Carolina, these limits are set as minimum Bodily Injury Liability limits of $25,000 per injured person up to a total of $50,000 per accident, and Property Damage Liability coverage with a minimum limit of $25,000. These are the absolute lowest amounts of auto insurance coverage a South Carolina motorist can carry and still be considered to be within the confines of the law. Although, for a variety of reasons, many South Carolina motorists opt to purchase policies that have larger amounts of coverage.
Another form of car insurance that South Carolina motorists in the state are required to have is Uninsured/Underinsured Motorist Insurance. The policy must contain at least $25,000.00 of coverage. This type of car insurance will pay for your medical bills and the cost of the repairs to your car if you are struck by a driver who has no car insurance or if the policy the at fault party has is inadequate. The policy will also cover the damages and bills if the driver is involved in a hit and run accident.
A recommended but not required form of auto insurance is collision car insurance. If you are found to be the responsible party in an accident, this type of car insurance will cover the cost of the repairs to your vehicle. If the damage to car is considered severe enough, an South Carolina car insurance company may decide to "total" the car. If this course of action is taken, the South Carolina car insurance company will pay the owner a cash sum based on the Kelley Blue Book value of the auto.
South Carolina follows what is called a Tort system. Under the guidelines of this system, one party involved in an accident must be declared at fault. This party and his or her South Carolina car insurance company assumes all costs for property damage and medical expenses for all parties involved in the accident.
Under certain provisions in South Carolina law, there are alternatives one can take to purchase auto insurance through a private South Carolina car insurance company. However, in order to do so, you must have a large amount of cash at your disposal. The Department of Motor Vehicles can issue a certificate certifying that you are within the stipulations required to be considered "covered". This will only occur if you deposit approximately $35,000.00 in cash with the DMV.
If you deposit the same amount of cash with the DMV, they can provide you with a certificate of self insurance. This option is mostly open only to businesses, and it applies to companies who operate fleets involving twenty-five or more vehicles.
Another form of car insurance, called GAP insurance, may also be available to you in South Carolina. When the Blue Book value on an auto is less than the balance owed on the vehicle, this car insurance will allow the driver to move on without the balance hanging over their head in the event that the vehicle must be totaled. In other words, it saves you from having to pay for a car that you can't even drive. The "gap" in between the amount you owe and the amount the car is worth is wiped clean through this car insurance.
Since in all practicality you must opt for traditional South Carolina car insurance, obtaining multiple quotes is the next logical step. The South Carolina car insurance industry is highly competitive, and there are many companies who are out there seeking your business right now. There are nationwide conglomerates who can offer more affordable rates on your monthly premiums simply because of the sheer volume they do in business. Yet many statewide and local South Carolina car insurance companies have adapted by marketing themselves to niche markets. A niche market is considered to be a specialized group of consumers who have a particular need. Their policies might be aimed at a target group who drive high end luxury vehicles or they might offer lower rates for consumers in a particular location, like Charleston, SC or Columbia, SC. As a consumer, the amount of companies scrounging for your business can be overwhelming, but it can also be highly beneficial.
You and Your South Carolina Car Insurance Quote
The nature of this business is motivating companies to go out of their way to provide customers with what they need. Many companies offer a quote tool on their websites. On our website, we combine multiple quotes into one step so that you do not have to visit multiple websites online. The tool is always free to use, and you can usually obtain your car insurance quote very quickly after using it.
Whenever you fill out the information needed to get your South Carolina car insurance quote, the questions will probably inquire about specific information regarding your life. These questions can include your vital statistics, your driving record, your location, or what kind of car you are wishing to have insured. As an ever-evolving entity, the South Carolina car insurance industry has devised a system of complex formulas to determine certain risk factors about you as a driver. The sum of this equation is then used to determine your premiums. The higher your risk factor is, the higher your monthly rates will be as well. Numerous consumers think this practice is unfair. South Carolina car insurance is legally mandated by the government, and to allow an auto insurance company to charge what it wants, at will, is highly offensive in their minds. These same consumers tend to believe that an auto insurance company "fixes" their rates, and they do not allow themselves to realize exactly how much money they can actually save.
The data you input for your auto insurance quote is the beginning of your risk analysis. Each of your characteristics is assigned a risk value. The sum of your values is then weighted against the claim average of other people who share your characteristics. This system has become the go-to standard for the industry in the modern world. Eventually, you will select a company to purchase a policy from and then you will be submitted to a more detailed and sometimes painstaking questionnaire to finalize your rates. Other questions you will be asked might include subjects like your ethnic background or your alcohol consumption habits.
Regardless of where you live in South Carolina, be it in Greeneville or North Charleston, using online price comparison techniques will most certainly allow you to find the South Carolina car insurance company to fit your needs. It is important to remember that a auto insurance quote is just that, a quote. It is in no way a guarantee that a company will insure, but it is the right place to start. The quote allows you to have an idea of what companies will meet your requirements at cheap and affordable rates. If you live in SC, go online today for your auto insurance quote.
So what are you waiting for? Compare cost and coverage details from the South Carolina cities of: Columbia, Greenville, Charleston, Spartanburg, Myrtle Beach, Conway, Florence, Anderson, Hilton Head Island, Beaufort, Sumter, Bennettsville, Chester, Dillon, Gaffney, Georgetown, Greenwood, Lancaster, Newberry, Orangeburg, Seneca, Union, Walterboro and more.