Do you want to stop overpaying and find lower-priced insurance rates in Greenville, SC? Did budget coverage turn out to be high-priced insurance? It's quite common and you're not the only one.
Shocking but true, the vast majority of insurance customers kept their coverage with the same insurance company for more than four years, and nearly 40% of drivers have never compared rates with other companies. With the average premium in South Carolina being $1,400, drivers could pocket nearly 55% a year by just shopping around, but they underestimate the large savings they would see if they switch to a new company. Since people have many choices of insurance companies, it can be hard to pick a lower cost company.
It is always a good idea to compare rates periodically because insurance prices are usually higher with each renewal. If you had the best price on insurance two years ago you may be paying too much now. Forget all the misinformation about insurance because we're going to show you the best way to remove unneeded coverages and save money.
Affordable auto insurance in Greenville, SC
The providers in the list below provide free rate quotes in South Carolina. If the list has multiple companies, we suggest you click on several of them in order to find the lowest rates.
Greenville car insurance discounts
Insuring your fleet can be pricey, but you might already qualify for some discounts that many people don't even know exist. Some discounts apply automatically when you quote, but a few must be asked for prior to getting the savings.
- Theft Deterent System - Vehicles that have factory anti-theft systems can help prevent theft and can earn a small discount on your policy.
- Federal Government Employee - Active or retired federal employment can save as much as 8% depending on your company.
- Homeowners Savings - Owning a home in Greenville can help you save on car insurance since owning and maintaining a home is proof that your finances are in order.
- Telematics Devices - Drivers who elect to allow their insurance company to look at vehicle usage by using a telematics device such as Allstate's Drivewise and State Farm's In-Drive system may see discounts as long as they are good drivers.
- College Student - Kids who live away from home to go to college and do not have access to a covered vehicle could qualify for this discount.
- Good Student Discount - A discount for being a good student can earn a discount of 20% or more. This discount can apply until age 25.
Keep in mind that most discount credits are not given the the whole policy. The majority will only reduce specific coverage prices like comp or med pay. Even though it may seem like all the discounts add up to a free policy, company stockholders wouldn't be very happy. Any amount of discount will cut the amount you have to pay.
Some of the larger companies that may offer these benefits are:
If you need lower rates, check with every company how many discounts you can get. All car insurance discounts might not be available to policyholders in Greenville. For a list of companies that offer some of these discounts in South Carolina, click here.
Smaller companies may have the best rates
South Carolina consumers constantly see and hear ads that claim the lowest car insurance rates from the likes of GEICO, State Farm and Progressive. All the companies state the claim about saving some big amount after switching your policy.
Is it even possible that every company can offer you a better deal on insurance?
Companies have specific characteristics for the driver that earns them the most money. For example, a profitable customer could possibly be between 30 and 50, has never had a claim, and drives less than 7,500 miles a year. A driver that fits those parameters may get the lowest prices in Greenville and therefore will save some money.
Potential customers who don't meet the requirements will be charged higher premium rates with the end result being business going elsewhere. If you listen to the ad wording, they say "customers who switch" not "everybody who quotes" save the amount stated. That's why insurance companies can advertise the way they do. That is why you really should do a rate comparison at every renewal. It's just too difficult to predict the company that will give you lower car insurance rates than your current company.
One last note
When trying to cut insurance costs, make sure you don't sacrifice coverage to reduce premiums. There are a lot of situations where consumers will sacrifice liability coverage limits to discover at claim time they didn't have enough coverage. The proper strategy is to purchase a proper amount of coverage for the lowest cost while not skimping on critical coverages.
Lower-priced auto insurance in Greenville can be sourced from both online companies and from local insurance agents, so you should be comparing quotes from both to have the best chance of lowering rates. Some companies may not have internet price quotes and usually these small insurance companies work with local independent agencies.
In this article, we presented quite a bit of information on how to shop for auto insurance online. The key concept to understand is the more rate quotes you have, the better your chances of lowering your rates. Consumers could even find that the biggest savings come from a lesser-known regional company. They may have significantly lower rates on certain market segments than the large multi-state companies such as State Farm or Progressive.
Other learning opportunities
- Event Data Recorders FAQ (iihs.org)
- New Honda safety features benefit drivers of all ages (Insurance Institute for Highway Safety)
- Prepare your Teens for Safe Driving (InsureUonline.org)