While you are retrieving quotes you can learn about the state minimums for South Carolina:
Bodily Injury Liability:
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The maximum payout if you have purchased the minimum requirements is $25,000 per person and $50,000 per accident. This will cover the medical expenses of the driver and the passengers of the other automobile in the event of a vehicle accident.
Property Damage Liability:
The maximum payout by the insurer for damage done to the other vehicle, private and public property, such as traffic signs, guard rails, and places of business is $25,000 per accident.
Although it is not required, it is recommended to get uninsured motorist protection or (UM) insurance in the event you are involved in an accident with an inadequately insured driver. UM will pay what the other driver is suppose to have “if” they would have had insurance. The driver without insurance can be sued by the insurer which had to pay out claims for damages.
There are other optional coverages available such as comprehensive, collision, and medical expense benefits. However, there are some things you may want to consider when you are comparing insurance quotes in South Carolina.
There are two determining factors for which you pay for auto insurance. The first is underwriting which insurance companies underwrite to assess the risk associated with an applicant, or to group the applicant (driver), and if the insurance firm will accept the application. The second factor is “rating” and based on the results of the underwriting process the rating assigns a price based on what the insure believes it will cost to take the financial responsibility for the applicant’s potential to file a claim.
So how can you lower your insurance rates?
It is going to based on the rating and first determining factor is your driving record. The insurer is going to consider where you live by zip code, female or male, age, marital status, prior insurance coverage, vehicle use including the make and model.
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If you are shopping for auto insurance then you cannot change your age or gender, but you can change the model of vehicle you drive. If you have traffic violation then you can take a driver education or defensive driving course to mitigate the cost of insurance rates.
Realize each insurer weighs each determining factor differently, for example, one insurer may give more weight to “age” than to “driving history” while another may give more weight to “driving history” and less to “age”. That is why it is imperative for you to comparison shop.
The average amount of cover per driver in South Carolina:
- Bodily Injury Liability – 100,000/300,000
- Property Damage Liability – 25,000
- Uninsured Motorist Protection – 15,000/30,000
- Medical Expense Benefits – 2,000
- Collision Coverage – $250 deductible
- Comprehensive Coverage – $250 deductible
We have provided you the minimum and average coverage per driver. You want to be sure your policy is personalized, or insurance is not a “blanket” one size fits all type of deal.