Why is car insurance so expensive in South Carolina?
My parents are moving to South Carolina, and they hit the roof when they learned how pricey it will be to insure their car. Why is car insurance so expensive in South Carolina?
Nearly 11% of South Carolina drivers are on the road without any insurance. The added cost of having so many uninsured drivers on the road is passed along to insurance policyholders in the form of higher premiums.
In South Carolina, healthcare costs are rising every year by about 6%. Medical care is a big part of the payouts made by insurance companies, so they raise their rates to keep pace with rising healthcare costs.
The Palmetto State is no stranger to severe weather in the forms of hurricanes, tropical storms, and flooding. These events can cause enormous property damage, including to vehicles, so insurers hike their rates to counter Mother Nature’s impact on businesses.
Whether your parents hit the roof or not, make sure they protect their vehicle with a robust and affordable
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.