How to Find Cheap South Carolina Car Insurance Rates

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While there is no mandate that all residents of South Carolina must purchase auto insurance there is a law that states that those who choose to go without a South Carolina car insurance policy will be responsible to pay the state $550 every year.
Of course, those who choose to go without SC auto insurance coverage are also responsible to pay out of pocket for any accidents that they find themselves in - not a pretty picture.
Going without auto insurance in South Carolina can be extremely risky.
The automobile insurance industry keeps growing and people still are unable to fully understand how it works.
Experts predict that prices are going to keep falling until about halfway through 2008 and reason for this is that there is more demand for it nowadays.
Usually with the increase of people buying automobiles and the higher number of cars on the road, one can expect prices to go up drastically, however the opposite has happened.
Many automobile insurance companies are starting to expand to offer others kinds of insurance, while some others have just started to hit the market and are in search of customers.
The state of South Carolina is no exception to this rule.
What once started as one of the original thirteen colonies in the U.
and mostly followed West Indies traditions, is now an important state of the U.
and it houses approximately 4,321,249 inhabitants (according to the United States Census Bureau).
Located within reach of the Appalachian Mountains, South Carolina has a diverse environment of rural areas, forests, lakes and big cities that never sleep.
People in all the different parts of the state pay different rates, and this can be mainly attributed to the fact that where you live has a lot to do with the rate you will receive from your automobile insurance company.
While people in rural areas don't have the hectic traffic found in cities and don't see accidents everyday, people residing in big populated areas have to hear about car thefts and wrecks that happen everyday around them.
These along with many other things are reasons for the difference in premiums.
The state of South Carolina along with all the other states in the nation has a minimum amount of automobile insurance that is required if a person wants to earn their driving privilege.
Before being able to hit the road in this great state, every resident that has his or her own car must have what they call a 15/30/10 coverage if they do choose to purchase coverage and avoid the $550 fee.
This means that a person driving must have a minimum of $15,000 for bodily injury liability per person in case of an accident or a $30,000 total; and a $10,000 in property damage coverage also when an accident occurs.
Residents of the state should also know that South Carolina is one of the states with the lowest minimum requirements in the United States and that is one of the reasons why they don't have to pay high premiums.
In the year 2003 South Caroline residents paid an average of $866 per premium in comparison to the national average of $914.
This means that people in this state are saving about $50 when it comes to automobile insurance and that as of now they are fine when it comes to rates.
However, it is important to know that in the 4 years prior to 2003 the average premium in the state rose dramatically.
If residents of this state want to save some money when it comes to automobile insurance all they have to do is follow a few tips given below.
As mentioned before South Carolina has one of the lowest minimum requirements in the whole United States.
This can work to the resident's advantage because there are some of them out there with old cars that can simply just work with the minimum coverage possible.
This will allow them to save a significant amount of money and will have them paying less than most of the people residing within the state.
This unfortunately does not apply to anyone that is still making payments or leasing their vehicles because if you are doing one of those two things, you will be forced by law to have collision and comprehensive coverage.
It is important to highlight however, that there are many other services that a person can get rid of in their policies that will give them a better rate.
One of the most common ones is the medical coverage part of the policy.
If you have health insurance then do not bother to have medical in your policy.
Both things cover the same issues and if you are already paying an independent health insurance company for that type of coverage, why make your automobile insurance rate any higher? A person wanting to save money on South Carolina car insurance can also try and shop around for the cheapest rate.
If you rather do it in person then you should attempt to visit at least three insurance companies in your local area and ask them questions about coverage and quotes.
Always make sure to know that you are the customer and they are the ones trying to attract you to their products, so don't settle for services or prices you don't like.
On the other hand, you can do this shopping around online through comparison websites.
This websites will give the consumer many different quotes from a variety of insurance companies and you will only have to fill your information once.
Always make sure to read their history and see that they are independent and with no link to any big insurance company.

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