Florence, SC Auto Insurance Rates, Quotes, Agents & Reviews
Zimlon, through its research, found that car owners in Florence, SC, can avail multiple discounts on car insurance by taking various factors into consideration. These factors are explored in detail by Zimlon in the analysis below.
Median car insurance in Florence, South Carolina, is the lowest for married females aged 25-65 years: Zimlon’s analysis of the top 5 companies
A Zimlon analysis of the 2016 NAIC Annual Report reveals that married female drivers aged 25-65 years pay the lowest median rate of $910 in Florence city, South Carolina. The highest median rate, on the other hand, is $3,199 and paid by single female drivers aged 25-65 years. According to the report, the four companies with the highest market share are State Farm Automobile Insurance Company, Allstate Fire and Casualty Insurance Company, State Farm Fire and Casualty Company, and Nationwide Affinity Insurance Company of America.
The following table lists the 10 driver cohorts, median premium rate for each cohort, and premiums charged by companies with the highest market share in Florence city, South Carolina.
|Cohort||Median||State Farm Mutual Automobile Insurance Company||Allstate Fire and Casualty Insurance Company||State Farm Fire and Casualty Company||Nationwide Affinity Insurance Company of America|
|Single male drivers aged 25-65 years||$1,002||$308 < median||$373 < median||$118 < median||$130 < median|
|Married female drivers aged 25-65 years||$910||$216 < median||$334 < median||$26 < median||$110 < median|
|Married female drivers under 25 years||$2,079||$875 < median||$835 < median||$566 < median||$483 < median|
|Married male drivers aged 25-65 years||$936||$242 < median||$360 < median||$52 < median||$120 < median|
|Single female drivers aged 25-65 years||$994||$300 < median||$383 < median||$110 < median||$138 < median|
|Married male drivers under 25 years||$2,497||$895 < median||$1,203 < median||$494 < median||$166 < median|
|Single male drivers under 25 years||$3,199||$891 < median||$1,692 < median||$325 < median||$44 < median|
|Single female drivers under 25 years||$2,672||$868 < median||$1,419 < median||$420 < median||$229 < median|
State Mutual Automobile Insurance Company offers the lowest premium at $895 less than the median for married male drivers under 25 years. Its highest premium is $216 less than the median and for married female drivers aged 25-65 years.
Allstate Fire and Casualty Insurance Company offers the cheapest premiums at $1,692 less than the median to single male drivers aged 25-65 years. It’s most expensive premium rate is $334 greater than the median and offered to married female drivers aged 25-65 years.
State Farm Fire and Casualty Company’s most expensive premium rate is $26 less than the median and for married female drivers aged 25-65 years. The cheapest rate it offers is $494 less than the median and offered to married male drivers under 25 years.
Nationwide Affinity Insurance Company of America offers the highest premium among the four companies at $44 less than the median, which is for single male drivers aged 25 years. Its cheapest premium is $483 less than the median for married females under 25 years.
The following chart compares the car insurance premium rates by the four companies with the highest market share in Florence, South Carolina.
How Can I Lower My Car Insurance in Florence, SC?
The average cost of auto insurance in Florence, SC, is $1,083. This is lower than in most neighboring places such as Quinby, Sellers, Danwood, Pamplico, and Timmonsville. Residents of Florence should compare multiple auto insurance quotes and reviews before deciding what best suits their needs. Here are some ways to increase savings in Florence.
Car owners in Florence, SC, can save more by insuring their vehicles with the same auto insurance company. Insurers offer discounts on multi-car insurance policies. Bundling is another way of increasing your savings. Car owners can insure their life, auto, and home insurance with the same insurer to get added benefits.
The cost of insuring two cars under a multi-car insurance policy in Florence, SC, is $1,863, while it would cost $3,726 for four vehicles. The savings on multi-car insurance in Florence also depends on the make and model of the car.
Equipping one’s vehicle with an anti-theft device can go a long way in helping car owners lower the cost of auto insurance. Providing your vehicle with a passive disabling device will fetch the most amount of savings.
Hybrids and Electric Vehicles:
Zimlon found that Farmers and Travelers are among the few companies that offer discounts on alternative-fuel vehicles. Hybrids and Electric Vehicles are considered environmentally friendly thanks to lower emission rates. For such cars, Farmers offers car owners discounts of up to 5% in some states.
Having an “excellent” or “good” credit score will help car owners save on auto insurance in Florence, SC. The cost of auto insurance can be low if the driver’s credit score is “exceptional”.
Paying a higher deductible will also help car owners lower the cost of insurance. For instance, the yearly premium in Florence on a deductible of $500 is $1,066. It decreases to $900 when the deductible is higher ($1,000).
Most car insurance companies offer substantial discounts to drivers with a clean driving record. GEICO provides a 26% discount to drivers with a spotless driving record for five years. On the other hand, State Farm offers discounts when a driver goes three or more years with an accident-free record. With the advent of modern technology in the car insurance industry, Usage-Based Insurance (UBI) is increasingly being used to personalize car insurance. UBI works through both plugin devices and mobile apps. It keeps track of various factors in one’s car, making insurance rates more personalized.
The cost of auto insurance in Florence, SC, post-DUI, increases to $1,636. However, this also depends on the driver’s age. Moreover, the cost of auto insurance post-DUI for teenagers is much higher. Safe and responsible drivers will find it easier to lower the cost of auto insurance in Florence. Other violations that can have a long-term impact on auto insurance in Florence include driving with an expired license and running a red light.
Factors that can influence the cost of car insurance in Florence, SC are listed below. It is imperative to understand these factors in order to reduce the cost of car insurance. It is also essential to strike a balance between the cost of insurance and the coverage requirements.
- Florence, SC Auto Insurance Rates
- Florence, SC Auto Insurance for Different Deductible
- How the Age of Driver Affects Insurance Rates in Florence, SC
- Multi Vehicle Insurance Savings in Florence, SC
- How Credit Score Affects Car Insurance Rates in Florence, SC
- How DUI Affects Auto Insurance Premiums in Florence, SC
- Top Auto Insurance Agents Near Florence, SC
- How Driving Violations Affect Auto Insurance Rates in Florence, SC
- Florence, SC Auto Insurance Discounts on Anti Theft Feature
- Florence, SC Auto Insurance Company Reviews
Florence, SC Auto Insurance Rate Comparisons with Neighboring Locations | Back to Top
The following table compares the cost of insurance in Florence, SC with that of other cities in and around Florence.
|Average Insurance Rates||$1,083||$1,440||$1,617||$1,463||$1,405||$1,385|
Florence, SC Auto Insurance Rates vary Based on Deductibles in Neighboring Cities | Back to Top
The following table makes a comparison of the variation in car insurance rates in and around Florence, SC based on the change in deductibles. A higher deductible leads to a decrease in the cost of car insurance.
|Location||Low Deductible ($500)||High Deductible ($1000)|
Florence, SC Auto Insurance Rates Based on the Age of the Driver | Back to Top
Teenagers in Florence, SC usually pay a much higher car insurance rate compared to the rest of the state as they are generally considered to be less responsible behind the wheel. Middle-aged drivers are likely to pay lower car insurance premiums if they are considered to be safer drivers by insurance companies.
|Age of Driver||Insurance Cost|
Florence, SC Car Insurance Discounts for Multi-Car Insurance | Back to Top
Car owners in Florence, SC can obtain discounts if they insure multiple vehicles with the same insurer. The average savings one can obtain are as follows:
|Number of Cars||Auto Insurance Cost||Total Savings|
Savings on 2 Vehicles bundle:$303
Savings on 3 Vehicles bundle:$455
Savings on 4 Vehicles bundle:$606
Florence, SC Post- DUI Auto Insurance Rates | Back to Top
Driving Under Influence (DUI) can be an added burden on your wallet. The cost of auto insurance will go up post-DUI. The below graph does a comparison of auto insurance rates before and after DUI in and around Florence, SC.
|Location||Average Insurance Cost||Post DUI Insurance Rate|
Florence, SC Auto Insurance Rates Based on Credit Score | Back to Top
Car insurance companies can use the Credit Score of car drivers to determine car insurance rates. Car drivers with good credit can avail of substantial discounts on car insurance rates.
|Credit Score||Insurance Cost|
Florence, SC Auto Insurance Agents | Back to Top
Car owners can obtain quotes from multiple auto insurance companies. Comparing different quotes can help identify the cheapest auto insurance provider best suited for their coverage needs.
|Agent Name||Company||Agent Address||Contact Details|
|Billy Hoylen Insurance Agency Inc.||Nationwide||305-A 2nd Loop Rd, Florence, 29505-2813||(843) 665-2196|
|Jim Stewart||State Farm||2238 W Palmetto St, Florence, 29501-4047||843-665-2301|
|Langley Agency||Travelers||2099 NORTH IRBY STREET, FLORENCE, 29501||843-667-6003|
|Dewey Powers||State Farm||713 S Irby St, Florence, 29501-5213||843-662-8494|
|Aiken & Company||Liberty Mutual Independent||221 WARLEY ST, FLORENCE, 29501||843-665-7555|
|Fred Jones Co Inc||None||1320 W Evans St, Florence, 29502||None|
|Charles E Carroll||Nationwide||1501 W Palmetto Street, Florence, 29501-4131||(843) 669-5859|
|Floyd Financial Services Llc||Travelers||605 W EVANS STREET, FLORENCE, 29501||843-664-0260|
|Terry Benton||Allstate||2422 Main St, Conway, 29526||(843) 248-5200|
Florence, SC Auto Insurance Rates can Increase Based on Driving Violations | Back to Top
Auto insurance rates tend to increase depending on the type and number of driving violations. The driving violations can stay on the record for a considerable amount of time leading to higher auto insurance rates. The severity of the driving violation and place of residence will determine how long the violation stays on record.
|Driving Violation||Cost Increase||Total Insurance Cost|
|Driving Without Headlights||+$48||$1,131|
|Driver's Failure In Showing Documents||+$105||$1,188|
|Driving With An Expired Registration||+$112||$1,195|
|Driving At A Considerably Slow Pace||+$235||$1,318|
|Using A Cellphone While Driving||+$248||$1,331|
|Running A Red Light||+$252||$1,335|
|Driving A Vehicle Without The Required Permission||+$337||$1,420|
|Driving With An Expired/Suspended License||+$730||$1,813|
Florence, SC Auto Insurance Rates Based on Anti-Theft Feature | Back to Top
Cars that are equipped with safety devices are less prone to thefts. As a result, auto insurance companies provide a considerable amount of discounts to vigilant car owners. The discounts vary depending on the type and number of safety devices installed.
|Anti Theft Feature||Insurance Cost|
|Active Disabling Device||$1,040|
|Passive Disabling Device||$1,007|
Latest Auto Insurance Reviews in Florence, SC | Back to Top
The State Farm rates are competitive and we check rates of the competition every year. So far, we have not been enticed to move and we expect this to be the case going forward.
I would say they are fine to work with, and fairly easy to get coverage. It's just your basic insurance. I've never had issues getting assistance when needed. I would recommend, but I wouldn't be raving.
State Farm's car insurance policy is decent. My agent actually shopped around for me, but I am not sure if he was completely honest because my rates are outrageous.
I think they are competitive, they have a large number of beach front and high end homes and vehicles which almost cost them their business in previous years when the hurricanes came through.
Progressive has comparable rates to other providers. I appreciate that payments are easy to complete online and on the app, and I am reminded to do so with a good amount of time.
Very happy with the affordability of this insurer. My previous company was among the best for me several years ago, then they steadily increased their rates.
Our premium is fairly high, and we choose to be billed and pay monthly, which the company charges a small fee for monthly processing. I don't mind that, as it makes my budgeting easier.
My experience with this insurer is very reliable and responsible when answering the nesecidades
My experience with this insurer is very reliable and responsible when answering the nesecidades
The premium for two vehicles, one a pickup the other a station wagon, was significantly lower than other insurance companies, saved me about $50/mo compared to other insurance companies. The premium also goes lower the more I add onto my insurance.