Best Cheap Insurance for a Honda Accord in South Carolina
Enter your South Carolina zip code below to view companies that have cheap auto insurance rates.
UPDATED: Nov 14, 2019
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Buying the best cheap car insurance for a Honda Accord in South Carolina is contingent on a complicated formula that considers factors such as whether or not your vehicle has good safety ratings, the likelihood of vehicle theft, and any prior driving offenses. Drivers pay on average $1,270 every 12 months for Accord insurance, but that policy rate is an estimation using rating data for a 40-year-old single female that included full coverage including both comprehensive and collision and $100 physical damage deductibles.
The issue that arises when projecting rates is that it’s very likely that you are not a 40-year-old female, you might be married instead of single, or you need different physical damage deductibles. Just a slight change in quote information can lead to a big change in price quotes.
There is no “one size fits all” policy, so the best way to find cheap insurance rates for your Honda is to comparison shop your policy at every renewal or at least every couple of years. Quotes are always free and you will receive rate quotes from some of the best insurers that sell coverage in South Carolina.
The trim level of your vehicle will have an impact the annual cost of coverage, so the price you pay to insure a Accord LX 4-Dr Sedan trim level will be $456 less than the price to insure the higher-end Accord EX-L 2-Dr Coupe trim level, as shown in the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Accord LX 4-Dr Sedan||$246||$492||$378||$22||$112||$1,250||$104|
|Accord EX 4-Dr Sedan||$246||$492||$378||$22||$112||$1,250||$104|
|Accord LX-P 4-Dr Sedan||$246||$492||$378||$22||$112||$1,250||$104|
|Accord EX-L 4-Dr Sedan||$282||$600||$378||$22||$112||$1,394||$116|
|Accord EX 2-Dr Coupe||$282||$706||$502||$30||$150||$1,670||$139|
|Accord LX-S 2-Dr Coupe||$282||$706||$502||$30||$150||$1,670||$139|
|Accord EX-L 2-Dr Coupe||$318||$706||$502||$30||$150||$1,706||$142|
|Get Your Own Custom Quote Go|
Premium data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and South Carolina minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Rate quotes do not factor in the specific area where the vehicle is garaged which can increase or decrease coverage rates noticeably.
Best insurance company in South Carolina
Choosing the best car insurance company is hard considering how many choices drivers have in South Carolina. The company rank data shown below may help you decide which coverage providers you want to consider buying from.
The ratings below are only made up of companies that insure vehicles nationwide, so companies that only write business in South Carolina or surrounding areas will not be included in these rankings. To view rates from these companies and more, click this link.
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Top 10 Large Car Insurance Companies in South Carolina Ranked by Value
- American Family
- AAA Insurance
- Safeco Insurance
- The Hartford
- Titan Insurance
- The General
- 21st Century
Top 10 Large Car Insurance Companies in South Carolina Ranked by A.M. Best Rating
- Travelers – A++
- GEICO – A++
- State Farm – A++
- USAA – A++
- Nationwide – A+
- Allstate – A+
- The Hartford – A+
- Progressive – A+
- Titan Insurance – A+
- Esurance – A+
Top Companies for Honda Accord Insurance in South Carolina
Enter your zip code below to view companies that have cheap auto insurance rates.
Difference between full coverage and liability only rates
Finding the best cheap insurance for a Honda Accord in South Carolina is important to the majority of people, and one good way to save on the cost of insurance is to not pay for full coverage. The chart below shows the difference between insurance costs with and without physical damage coverage. The rates are based on no claims or driving citations, $100 deductibles, marital status is single, and no discounts are factored in.
If we average the cost for ages 20 through 70, full coverage costs $2,179 per year more than buying just liability insurance. That proposes the question when is it a good idea to stop buying full coverage. There is no definitive formula that is best for determining when to drop physical damage insurance, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is more than 10% of any settlement you would receive from your insurance company, then it may be the right time to buy liability only.
For example, let’s assume your vehicle’s replacement cost is $9,500 and you have $1,000 deductibles. If your vehicle is totaled, the most you would get paid by your company is $8,500 after you pay the deductible. If premium cost is more than $850 annually for your policy with full coverage, then you may need to consider dropping full coverage.
There are some conditions where dropping full coverage is not financially feasible. If you haven’t paid off your loan, you must maintain physical damage coverage to satisfy the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not buy liability only.
How accidents and tickets impact rates in South Carolina
In a perfect world, the best way to get the best cheap insurance for a Honda Accord in South Carolina is to drive carefully and avoid accidents and traffic violations. The example below shows how traffic citations and at-fault collisions can increase yearly insurance costs for different age groups. The rates are based on a married male driver, comp and collision included, $100 deductibles, and no policy discounts are applied.
In the previous example, the average cost of an auto insurance policy in South Carolina per year with a clean driving record and no accidents is $2,232. Add in one speeding ticket and the average cost jumps to $2,564, an increase of $332 each year. Now throw in two accidents along with the one speeding ticket and the 12-month cost of insurance for a Honda Accord goes up to an average of $5,368. That’s an increase of $3,136, or $261 per month, just for not paying attention while driving!
Does Progressive, Geico, State Farm, or Allstate have the cheapest car insurance?
When comparing insurance for an Accord in South Carolina, the top insurers to get price quotes from are Progressive, Geico, State Farm, and Allstate. They all offer unique features and discounts that you can choose from. The next table ranks some of the different options and features shoppers can expect to find with each one.
|Recommend by customers||88%||87%||88%||86%|
|Coverage for ridesharing||Yes||Yes||Yes||Yes|
|Rating based on usage||Yes||No||Yes||Yes|
|New car replacement coverage||No||No||No||Yes|
|Accident forgiveness coverage||Yes||Yes||No||Yes|
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