Best cheap homeowners insurance in Charleston, SC For 2024

Allstate offers the most reliable, cheap home insurance in Charleston.

min read
Updated: 23 April 2024
Written by
Bob Phillips
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If you’re a homeowner in Charleston, you’ve probably noticed that getting home insurance in this area can be quite pricey compared to cities further inland. Here at Insuranceopedia, we understand the struggle of finding affordable home insurance in Charleston. It can be a real time-consuming task. We’ve done the legwork for you and uncovered the insurance companies that we believe are the perfect fit for your needs.

Allstate offers the most wallet-friendly homeowners insurance, with State Farm coming in a close second. If you’re a military family, USAA is your go-to for affordable coverage. We may have even found another insurer that’s tailor-made for you, especially if you have a high-value or new home that requires top-notch coverage.

As a licensed property insurance agent in the Southeast, I’ve seen firsthand how expensive home insurance can be in states prone to hurricanes, like South Carolina. Together with the rest of the Insuranceopedia team, we’re confident that taking a look at this page will not only save you time but also help you keep more money in your pocket.

Cheapest home insurance companies in Charleston, SC 2024

Cheapest home insurance, Charleston, 2024

Compare the cheapest home insurance in Charleston, SC

Overall Rating Cheapest/Best For J.D. Power Customer Satisfaction Rating Average Cost A.M. Best Rating Online Experience Rating Get A Quote
USAA
4.9

Military Families

884

$1,446

A++

8/10

Instant Quote
Chubb
4.6

High Value Homes

809

$4,311

A++

7/10

Instant Quote
Travelers
4.6

Customizable Coverage

754

$3,718

A++

8/10

Instant Quote
Allstate
4.9

Cheapest

815

$989

A+

9/10

Instant Quote
State Farm
4.8

Cheapest Runner-Up

829

$1,247

A++

9/10

Instant Quote
Amica
4.7

Customer Service

849

Not Available

A+

8/10

Instant Quote
Scroll to see comparisons

Our Methodology

In our quest to find the top home insurance companies in Charleston, we relied on trusted sources like A.M. Best (for financial strength) and J.D. Power (for customer satisfaction). We also considered feedback from consumer websites and the firsthand experiences of our own writer. This meticulous approach ensured that our findings were fair, unbiased, and grounded in real-life perspectives.

58

Quotes Analyzed

25

Brands Reviewed

21+

Research Hours

15+

Years Of Experience

Best Cheap Home Insurance Companies in Charleston, SC


Cheapest Overall

Overall Rating
4.9

Key Statistics

10/10 Affordability
7/10 Customer Satisfaction/Reviews
8/10 Claims/Payouts
10/10 Coverage Level

Why We Like Them

In the realm of affordable home insurance in Charleston, Allstate shines as the undisputed champion. While its competitiveness may vary in different regions, Allstate secures its top position on our list with a remarkable range of home insurance discounts exclusively crafted for Charleston residents.

With an impressive total of 11 homeowners insurance discounts, Allstate surpasses the industry average of seven. As a home insurance analyst, I’ve thoroughly evaluated these offerings and can vouch for their uniqueness. Let’s delve into some of the standout discounts provided by Allstate:

  • Claims forgiveness: This coverage ensures that your rates won’t budge even if you file a claim.
  • Claims-free: Stay claim-free and enjoy a 5% renewal discount every year.
  • Deductible reward: Receive a $100 reduction from your deductible upon enrollment.
  • Bundle: Save up to 25% by combining your home and car insurance policies.
  • Automatic payment: Set up automatic payments and save up to 5%.
  • Loyalty: Earn up to a 10% discount for sticking with Allstate and renewing your policy.
  • Home buyer: Exclusive discount for recent homebuyers.
  • New home: Discount for insuring a newly built home.
  • Responsible payment: Additional discount for maintaining a good payment history.
  • Early payment: Get up to 10% off by purchasing a new policy at least seven days before your current one expires.
  • Protective device: Discount for installing theft and fire protection devices.

Allstate’s extensive lineup of discounts sets it apart from the competition, making it the ultimate choice for affordable and customized home insurance in Charleston.

In Charleston, where homeowners face rising insurance costs caused by frequent hurricanes and violent storms, Allstate stands out as the ultimate savior. With its unmatched affordability, it brings much-needed relief to residents in the area

Benefits & Drawbacks

Benefits
  • Numerous local agents and claims adjusters available in South Carolina
  • Competitive rates in Charleston
  • Offers a wide range of discounts
Drawbacks
  • Lower-than-average rating for claim satisfaction from J.D. Power
  • Receives more complaints than the national average

Cheapest Overall Home Insurance Companies

Company Annual Rate
Allstate $989
State Farm $1,247
Auto-Owners $1,439
USAA $1,732
Travelers $2,736

Best for High-Value Homes

Overall Rating
4.6

Key Statistics

7/10 Affordability
9/10 Customer Satisfaction/Reviews
9/10 Claims/Payouts
10/10 Coverage Level

Why We Like Them

If you’re a homeowner with a valuable property and a keen desire for enhanced protection, Chubb emerges as an exceptional option to consider. It’s important to keep in mind that their rates in Charleston may be slightly higher than the average, making it crucial for budget-conscious individuals to take note of this factor.

What sets Chubb apart is their specialization in offering additional coverage options that are specifically tailored for high-value homes. One notable feature is their extended replacement cost coverage, ensuring comprehensive rebuilding in the face of unforeseen accidents. Moreover, they provide a comprehensive risk consulting program that meticulously assesses fire and security risks within your home.

Catering to the needs of affluent clients, Chubb’s Masterpiece insurance policy goes above and beyond by providing supplementary services like property management and data restoration in the aftermath of computer viruses.

When it comes to claims, Chubb’s claims agents are widely recognized for their prompt approval process. It’s worth noting that any claim denials undergo a thorough manager approval to ensure a seamless and efficient experience.

For high-value homes in Charleston, Chubb is the top choice. With plenty of beautiful coastal properties in the area, Chubb’s strong performance makes it the standout option

Benefits & Drawbacks

Benefits
  • Provides a cash settlement option for individuals opting not to rebuild after a total loss
  • Performs thorough home assessments to ensure precise coverage during emergencies
  • Masterpiece-level customers have the freedom to select their preferred contractors and artisans for claim repairs
Drawbacks
  • Online quoting service is unavailable
  • Premiums are typically higher compared to most competitors due to the focus on high-value properties
  • Policies can solely be purchased through an agent

Best Home Insurance Rates For High-Value Homes

Company Annual Rate
Chubb $4,252
State Farm $4,346
Allstate $6,838
Auto-Owners $6,659
Travelers $8,453
Nationwide $10,667

Cheapest Runner-Up

Overall Rating
4.8

Key Statistics

9/10 Affordability
7/10 Customer Satisfaction/Reviews
9/10 Claims/Payouts
9/10 Coverage Level

Why We Like Them

When it comes to choosing the second-best option for Charleston residents, State Farm stands out for several compelling reasons. Not only does it offer affordable rates that cater to the local community, but its advantage lies in the presence of dedicated agents right in your neighborhood. This local support proves invaluable, especially during challenging times like post-storm situations, thanks to State Farm’s extensive network of claims adjusters and nearby offices.

With State Farm, you have the flexibility to select their standard homeowners policy and tailor it with additional coverages to match your specific needs. These extra coverages include protection against ordinance and law, identity theft, and coverage for valuable items like jewelry. State Farm proudly boasts the highest AM Best financial strength rating of A++, assuring policyholders of their unwavering stability.

Moreover, State Farm offers optional replacement cost coverage for your home, other structures, and personal belongings. This coverage ensures that damaged items are replaced at their current market value, without taking depreciation into account. However, it’s important to note that without this endorsement, the replacement cost is calculated based on the actual cash value of the items.

When it comes to the world of home insurance costs in Charleston, State Farm has firmly secured its spot as the reliable runner-up. This achievement is especially commendable, given the persistent surge in home insurance rates in this picturesque coastal region of South Carolina.

Benefits & Drawbacks

Benefits
  • Boasts the largest number of local agents in South Florida
  • Offers highly competitive premiums
  • Attains the highest possible financial strength rating
Drawbacks
  • Policies cannot be acquired through independent agents

Best for Customer Service

Overall Rating
4.7

Key Statistics

8/10 Provides three different policy types
10/10 Customer Satisfaction/Reviews
9/10 Claims/Payouts
9/10 Coverage Level

Why We Like Them

With its humble beginnings dating back to 1907 as an auto insurance company in Rhode Island, Amica has blossomed into a national insurance giant. Now operating in 48 states, they proudly offer an extensive range of coverages, including dependable homeowners insurance.

What truly sets Amica apart is their unwavering commitment to exceptional customer service, earning them the highest accolades among standard insurance companies, as acknowledged by the reputable J.D. Power. They offer three distinct homeowners policies, each carefully crafted to cater to diverse needs:

The Standard Choice policy grants you the freedom to choose from a wide selection of coverage options. This includes valuable features like replacement cost coverage for your home and personal belongings, safeguarding against water backup, and extending protection to essential devices such as computers, tablets, and phones. Keep in mind that certain options may require additional premiums.

For those seeking comprehensive coverage and greater flexibility, the Platinum Choice policy shines. Referred to as HO-5, it blankets your personal property against a multitude of perils, except for those specifically excluded in the policy. This option is perfect for safeguarding valuable items and cherished collectibles.

As a cherry on top, Amica presents the enticing opportunity of a dividend homeowners policy. Imagine receiving a remarkable 20% return on the premiums you pay annually. However, it’s important to note that these exclusive policies are only available in select states, and dividend rates may vary.

Amica has cemented its place as a trusted name, cherished by loyal customers who value outstanding customer service above all else. That’s precisely what makes them shine in this category. When the tempestuous winds of hurricanes or tropical storms unleash their fury upon Charleston, homeowners can find solace in the comforting presence of Amica, a steadfast companion ready to offer unwavering support during these turbulent times.

Benefits & Drawbacks

Benefits
  • Provides three different policy types
  • Earns top ratings for customer service from J.D. Power
Drawbacks
  • Unavailable in all states for insureds relocating from Charleston
  • Only accessible through independent agents

Best for Customizable Coverage

Overall Rating
4.6

Key Statistics

8/10 Affordability
7/10 Customer Satisfaction/Reviews
9/10 Claims/Payouts
10/10 Coverage Level

Why We Like Them

Travelers, famous for its recognizable red umbrella logo, is a highly regarded and established company that provides dependable homeowners insurance for residents of Charleston. With strong financial ratings and flexible policy options to accommodate different budgets and home types, Travelers is a trusted choice for home insurance coverage.

If you’ve experienced a gap in your previous insurance policy, Travelers can be an excellent solution. Unlike many other providers, they don’t require prior coverage on your home to qualify, which is a rare and advantageous feature in the industry.

To enhance your protection, Travelers offers a range of optional coverages that you can customize according to your needs:

  • Extended replacement cost: Increases your coverage limit for rebuilding or repairing your home if the cost exceeds your policy limit.
  • Special personal property: Provides coverage for items not typically included in a standard policy, such as lost or misplaced belongings.
  • Replacement cost of personal property: Covers the cost of replacing stolen or damaged personal belongings without factoring in depreciation.
  • Scheduled personal property: Raises coverage limits for valuable items like jewelry, electronics, or antiques.
  • Jewelry and valuable items: Offers broader protection and higher coverage limits for specific categories of valuable items.
  • Water backup: Covers repair expenses if your home suffers damage from water backing up from drains or sewers.
  • Identity fraud: Provides coverage for legal expenses and costs associated with restoring your identity if it’s fraudulently used.
  • Green home: Assists with additional expenses for repairing or rebuilding your home with eco-friendly materials.
  • Umbrella Insurance: Offers liability coverage beyond your existing limits, particularly beneficial for individuals with significant assets.
  • Flood Insurance: Travelers provides flood insurance through the National Flood Insurance Program (NFIP), the primary provider of flood insurance in the U.S.

When it comes to defending your property against the destructive forces of hurricanes and storms, the ability to tailor your coverage with these Travelers options becomes paramount. This distinctive feature holds immense value as it empowers homeowners with an extra layer of protection in such challenging situations.

Benefits & Drawbacks

Benefits
  • Home insurance available without the need for prior coverage
  • Includes specialized green home coverage and discounts
  • Provides coverage for short-term rentals
Drawbacks
  • Limited selection of available discounts
  • Rates slightly higher than the average
  • Receives below-average customer service ratings from J.D. Power

Best Home Insurance Rates for Customizable Coverage

Company Annual Rate
Allstate $989
State Farm $1,247
Auto-Owners $1,439
Heritage $3,307
Travelers $8,453

Best for Military Families

Overall Rating
4.9

Key Statistics

9/10 Affordability
10/10 Customer Satisfaction/Reviews
9/10 Claims/Payouts
9/10 Coverage Level

Why We Like Them

Back in 1922, a group of 25 Army officers banded together and laid the foundation for USAA, originally created to provide car insurance. Fast forward to today, and USAA has evolved to exclusively offer insurance and financial services to members of the U.S. armed forces, Reserve, veterans, and their families.

Headquartered in San Antonio, USAA extends its reach with satellite offices throughout the United States and even in international locations like London, Frankfurt, and Luxembourg.

As a proud USAA member, you have the opportunity to safeguard your home with their standard insurance policy, which covers the replacement cost of your personal belongings. Additionally, this policy extends coverage to include the uniforms of active-duty and deployed service members. If you desire extra protection, options like earthquake and home-sharing insurance can be added.

Being an eligible member makes purchasing USAA insurance products a breeze. You can conveniently do so online using your active membership ID, over the phone, or by visiting a local branch. USAA even provides an automated agent chatbot on their website, enabling easy access to your online account. Through this account, you have the power to manage your policy, make payments, and file a claim with utmost convenience.

It’s worth highlighting that USAA boasts an impressive A++ rating from AM Best, reflecting their exceptional financial strength and solid standing as an insurance company.

When it comes to choosing insurance for military families in Charleston, the decision carries great weight. With the state housing five military bases and a substantial population of military households, USAA stands out as the clear frontrunner. Their unwavering dedication to the U.S. Armed Forces and unwavering support sets them apart in a league of their own. While their rates may not always be the absolute rock bottom, the unparalleled commitment of USAA makes them the optimal choice for military families seeking reliable coverage.

Benefits & Drawbacks

Benefits
  • Offers specialized coverage for the uniforms and equipment of active duty and deployed service members
  • Ensures standard contents replacement cost coverage for added peace of mind
Drawbacks
  • Lacks physical locations in Charleston for convenient in-person service
  • Eligibility is restricted to current and past military members and their immediate families
  • Provides fewer discount options compared to competing providers

Best Home Insurance Rates for Military Families

Company Annual Rate
Allstate $989
State Farm $1,247
Auto-Owners $1,439
Heritage $3,307
USAA $1,434

The Cheapest Home Insurance for New Homes in Charleston

Company Annual Rate
State Farm $543
Nationwide $664
Allstate $882
Universal North American $1,007
Auto-Owners $1,238

Cheapest For Extra Personal Property Coverage in Charleston

Company Annual Rate
Allstate $1,204
Travelers $1,454
Auto-Owners $1,628
Heritage $1,699
State Farm $2,141

How to find the best home insurance company for you

Are you searching for the best home insurance company in Charleston? Protecting your valuable investment and cherished belongings is crucial for your family’s financial security. Follow these simple steps to find the perfect policy for your needs:

  • Start by exploring online home insurance providers in Charleston. Choose three companies that inspire confidence and resonate with you.
  • Determine the coverage limits that suit your specific requirements. If you need assistance, don’t hesitate to seek guidance from an agent to make an informed decision.
  • Request quotes from the three selected insurers. This will give you a clear idea of the cost and coverage options available to you.
  • Evaluate the coverage details, customer reviews, financial stability, and rates of each insurer. This comprehensive assessment will help you make the best choice for your situation.
  • Once you’ve made your decision, complete the application for coverage. Some insurers offer convenient online applications, while others prefer agent-assisted conversations.

Remember, the goal is to find the right policy that safeguards your home and belongings. By following these steps, you’ll be well on your way to securing the ideal home insurance coverage.

Largest home insurance companies in South Carolina

The home insurance companies with the largest market share in South Carolina are:

Rank Company Market Share %
1 State Farm 22.54
2 Berkshire Hathaway 13.73
3 Allstate 11.25
4 Progressive 10.04
5 USAA 9.63

Average cost of home insurance in Charleston, South Carolina

In Charleston, home insurance comes at a hefty price, with an average yearly cost of $2,880. That’s a staggering 85% higher than the state average. It’s surprising to find Charleston ranking third among the most expensive cities for home insurance in South Carolina, trailing only Pawleys Island and Briarcliffe Acres.

How to get an online home insurance quote in Charleston

If you’re ready to get an online quote for home insurance, we’ve got a simple guide to help you along the way:

  1. Start by browsing insurance company websites: Take a look at different insurance providers online. They usually have tools where you can request a quote right from their website.
  2. Fill in your information: Look for the section where you can request a home insurance quote and provide the required details. This includes your personal information like your name, address, and contact details. You’ll also need to share some specifics about your home, such as its size, construction type, and security features.
  3. Customize your coverage: Choose a deductible amount that suits your preferences. This is the amount you’ll pay before your insurance coverage kicks in. You’ll also need to decide on coverage limits, which determine the maximum amount the insurance company will pay for different types of claims.
  4. Compare and review quotes: Once you’ve submitted your information, the website will generate a quote based on the details you provided. Take your time to carefully review and compare the quotes to ensure they meet your coverage needs.
  5. Contact the insurance provider: If you’re happy with a particular quote and insurance provider, reach out to them directly for more information or to proceed with purchasing the policy.

Keep in mind that online quotes provide estimates based on the information you provide. The final premium may vary after a thorough evaluation by the insurance company.

Factors that impact the cost of your home insurance in Charleston

When it comes to home insurance rates in Charleston, unlocking the best deal requires a bit of insider knowledge. Here are some intriguing insights to help you navigate the insurance landscape:

  • The Charleston factor: Nestled along the coast, Charleston dances with the possibility of hurricanes and floods. Insurance companies scrutinize your home’s proximity to the coast, its elevation, and even its flood zone classification.
  • Home secrets revealed: Your home spills the beans on its age, condition, and construction type, which sway the rates. Older homes may wear the weight of outdated features, while newer ones fortified with fire alarms and sturdy roofs can snag some sweet discounts.
  • Claims past and future: Your history of claims and their frequency become whispered tales that insurance companies listen to. Multiple claims wave a red flag and could lead to higher premiums, signaling a higher risk.
  • Value and coverage tango: The value of your humble abode and the coverage limits you choose set the rhythm for the premiums. Grandeur comes at a cost, as higher-value homes demand more protection and, in turn, heftier premiums.
  • Dare to deduct: The deductible you dare to choose sets the stage for your insurance journey. A higher deductible may tempt fate with lower premiums but could mean a pricier path if you ever need to file a claim.
  • Credit score in the spotlight: Some insurance companies take a peek behind the curtain of your credit score. A lower score could cast a shadow on your premiums, nudging them towards the higher end of the spectrum.

Remember, the insurance landscape is a tapestry of variation. To unlock the treasure trove of the perfect policy, venture forth armed with knowledge, compare quotes, and consider these intriguing factors before donning the insurance crown.

South Carolina home insurance laws to know

Here’s the lowdown on South Carolina’s home insurance laws:

Optional coverage: In South Carolina, home insurance isn’t required by law. However, if you have a mortgage, your lender might require it until you’ve paid off the loan.

Consumer protection: South Carolina law ensures that homeowners receive a consumer guide on home insurance. This guide, created by the South Carolina Department of Insurance, gives you valuable info on coverage options, deductibles, claims handling, and more.

Special deductibles for storms: Since South Carolina faces hurricanes and windstorms, insurers can offer separate deductibles specifically for these risks. Instead of a fixed amount, the deductible for storm damage is usually a percentage of your home’s insured value.

Remember, it’s smart to talk to a local insurance expert or reach out to the South Carolina Department of Insurance to fully grasp your rights and responsibilities when it comes to home insurance in the state.

Information about Charleston

Nestled on the stunning shores of South Carolina, Charleston captures the essence of Southern charm. With its rich history, beautiful architecture, and friendly atmosphere, this city invites you to explore and make lasting memories. Stroll along the cobblestone streets lined with historic homes and vibrant gardens, and feel the timeless allure of days gone by. Immerse yourself in the local arts scene, where talented artists showcase their work in galleries and theaters. And of course, don’t miss the chance to savor the mouthwatering flavors of Charleston’s famous cuisine, from savory shrimp and grits to finger-licking BBQ. Whether you’re relaxing in one of the city’s picturesque parks or enjoying the waterfront breeze, Charleston’s beauty and hospitality will leave a lasting impression.

Home insurance discounts in Charleston

Here are five simple tips to help you save money on home insurance in Charleston:

  1. Bundle up: Consider getting your home insurance from the same provider as your auto insurance or other policies. Many companies offer discounts for bundling.
  2. Secure your home: Adding security measures like alarms and cameras can lower your premiums. Insurance companies appreciate the extra protection.
  3. Hurricane-ready benefits: If your home has hurricane-resistant features, such as strong windows or a reinforced roof, you may qualify for a discount due to the reduced risk.
  4. Rewards for a claim-free record: If you haven’t filed any claims in a while, you might be eligible for a discount. It shows that you’re a responsible homeowner.
  5. Newer is better: Insurers often offer savings for newer homes with updated electrical and plumbing systems. These upgrades minimize potential claims.

Remember, each insurance company has its own discounts and requirements, so it’s wise to shop around and compare options before making a decision.

FAQs

How much is homeowners insurance in Charleston?

Through our thorough investigation, we’ve found that the monthly price of fresh home insurance can vary between $631 and $2,707, depending on the insurer you select. This highlights the fantastic savings you can access by trusting Insuranceopedia for your home insurance needs.

Why is homeowners insurance so expensive in Charleston?

Living near the Atlantic Coast comes with its own considerations when it comes to home insurance rates in Charleston. The higher possibility of hurricanes and strong storms in the area means that home insurance rates tend to be higher as well.

Who is the largest home insurer in Charleston?

When it comes to home insurance in Charleston, State Farm takes the lead with a substantial 22.54% share of the market. Choosing State Farm means you can rely on their dependable and extensive coverage for your home in Charleston.

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