Who Has the Cheapest Renters Insurance Quotes in South Carolina?

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This article has been reviewed and deemed factual by our content auditor with 8 years of banking experience.

Article Approved By Banking Expert

This article has been reviewed and deemed factual by our content auditor with 8 years of banking experience.

A state that at once has beautiful beaches and terrifying storms, South Carolina can be one of the best places to live in the country if you’re prepared and know what you want. And we think part of that is having the protection and insurance you need to get back on your feet easily if as a renter your place is damaged or even destroyed. No one deserves to be ruined by such a setback, so we wish to help you by letting you know about the cheapest providers operating in the state.

Here are the five cheapest renters insurance providers operating in South Carolina:

The Five Cheapest Quotes:

People from all walks of life make their home in South Carolina, which means that there can be quite a bit of variance in renters insurance prices. We ask that you also take note that there are outliers.

The number listed next to each provider is the average annual rate for a standard policy.

1) State Farm: $178

The provider of the least expensive basic policy in South Carolina, State Farm is a company with a national reach that provides plans to millions of people, and we expect you would be able to get an effective, affordable plan from them as well. Furthermore, if you utilize bundles and a few discounts they may offer, State Farm can become even cheaper.

What we’re mostly worried about with them, however, is the fact that they generally have poor (or nonexistent) flood or water damage insurance options, which for some people on the coast makes their policy near-useless when the hurricanes come. Additionally, their customer service leaves a lot to be desired.

You can expect the following working with State Farm:

  • A limited ability to customize your coverage.
  • A loss-of-use plan that is second to none.
  • Great electronics and business property coverages for the price.

2) Amica: $214 

Amica is the first company on this list that truly focuses on providing the customer with the best experience and the best service you can hope to come by. This is evident in their dedication to retaining customers and in the accolades, they get from customers and critics alike on the matter. You can also rely on your policy from them to work with all of the usual issues and even some more unusual ones such as guest injuries and vandalism.

Amica doesn’t have as many customization options as it’s competitors, though, so renters with particular needs or concerns about their property might be served better by one of the other companies (likely Nationwide in that instance). Additionally, some customers have reported great increases in their rate after the first year or two, so it might be wise to inquire about that when you get a quote or speak to an agent.

You can expect the following working with Amica:

  • Plenty of different discount opportunities.
  • Discount opportunities for things such as signing up for autopay, bundling your plans, and loyalty.
  • Optional coverages such as smart device and computer protection, personal property replacement, identity fraud, and others.

3) Nationwide: $221

Usually more of an expensive option but much more affordable in South Carolina, Nationwide is probably the best choice for people who like to have a lot of control over their policy and know exactly what they want, given the range of customization options available to the Nationwide renters insurance customer. Plenty of people are happy with Nationwide for the long-term haul, and it’s easy to see why.

Yet while they’re great for many people, some might not be happy with the default levels of coverage they see and might need to pay more than what they hope to in order to get a plan they love.

You can expect the following working with Nationwide:

  • The ability to modify your deductible, giving you greater control over both your annual rate and your out-of-pocket costs should you need to make a claim.
  • You will be able to modify the level of coverage you get for different item groups.
  • Discounts and bundling options to help you get the lowest rate possible.

4) Allstate: $236

Allstate can easily be compared to State Farm in that it provides affordable coverage in most states at a basic level and can easily give you a plan most people would be satisfied with, but there’s more to it in that it is a bit more robust and has a few extra tools and specialties at its disposal.

Allstate isn’t perfect, though, especially given the other great companies on this list, and you may find their often-poor customer service as a deal-breaker. You may also find the rates in your area too high.

You can expect the following working with Allstate:

  • Water damage and flooding damage coverages that make it a top contender for people living on the coast and others who might be at risk.
  • Optional coverages such as water damage coverage, identity theft restoration, and additional business property coverage.
  • Online tools and services that will see you through most basic problems and questions.

5) Liberty Mutual: $277

The last option on our list, but still a strong option, Liberty Mutual is able to provide you with all the coverages you need so that no threat keeps you up at night. And while Liberty Mutual might cost more than its competitors in South Carolina, it’s total coverage can give you a peace of mind that is more than worth the extra cost.

Liberty Mutual is consistent when it comes to renters policies, but we would like to let you know that doesn’t extend to every department of theirs and every option they offer. We simply ask you to be careful of any bundle offers.

You can expect the following working with Liberty Mutual:

  • Discount opportunities via partnerships with many popular organizations.
  • Great online tools and services to make the process easy.
  • Many different insurance policies on top of renters coverage, if you’re ok with some inconsistency of quality.

Conclusion

If you’ve been living in South Carolina for a long time, we would be surprised if you didn’t already have some form of insurance for your property. Yet whether you’re a newcomer, someone looking to make a switch, or someone just realizing the importance of getting coverage, we hope that the above information has been a great help to you. Only you will be able to know which policy and provider are the best fit for you, but with a little time and research, we’re certain that you’ll get what you need.