Cheapest Homeowners Insurance In Columbia, SC

Allstate has the best cheap home insurance in Columbia.

min read
Updated: 06 January 2024
Written by
Bob Phillips
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If you’re one of the lucky homeowners in the beautiful paradise of Columbia, then you’re well aware that home insurance here can put a dent in your wallet. But fret not, because at Insuranceopedia, we’ve taken it upon ourselves to tackle the task of finding affordable home insurance in Columbia, saving you precious time and energy. We’ve done the legwork, carefully scrutinizing the companies that we believe are tailor-made for your needs.

Allstate shines as the best cheap homeowners insurance company, with State Farm not far behind in offering budget-friendly coverage. And for our military families, USAA takes the crown for being the most affordable option.

As a licensed property insurance agent specializing in the Southeast, I’ve witnessed firsthand the sky-high costs of home insurance in hurricane-prone states like South Carolina. And with the Insuranceopedia dream team backing me up, I am more than confident that diving into this page will be a lifesaver, sparing you both time and hard-earned cash.

Best cheap home insurance companies in Columbia, SC 2024

Compare the cheapest home insurance companies in Columbia, SC

Overall Rating Online Experience Rating J.D. Power Customer Satisfaction Rating Average Cost Cheapest/Best For A.M. Best Rating Get A Quote
Chubb
4.6

7/10

809

$4,311

High Value Homes

A++

Instant Quote
Travelers
4.6

8/10

754

$3,718

Customizable Coverage

A++

Instant Quote
Allstate
4.9

9/10

815

$989

Cheapest

A+

Instant Quote
State Farm
4.8

9/10

829

$1,247

Cheapest Runner-Up

A++

Instant Quote
USAA
4.9

8/10

884

$1,446

Military Families

A++

Instant Quote
Amica
4.7

8/10

849

$1,078

Customer Service

A+

Instant Quote
Scroll to see comparisons

Our Methodology

To determine the best home insurance companies in Columbia, we approached the task with thoroughness and fairness. We relied on reliable sources like A.M. Best, which assesses financial strength, and J.D. Power, which measures customer satisfaction. We also considered feedback from various consumer websites and took into account our writer's personal experience. This approach ensured that our findings were unbiased and based on real-world perspectives.

56

Quotes Analyzed

15+

Years Of Experience

16

Brands Reviewed

24+

Research Hours

Best Home Insurance Companies in Columbia, SC


Cheapest Overall

Overall Rating
4.9

Key Statistics

10/10 Affordability
7/10 Customer Reviews
8/10 Claims
10/10 Coverage Leve

Why We Like Them

When it comes to affordable home insurance in Columbia, Allstate takes the lead. While its competitiveness may vary in other places, Allstate’s focus on tailored discounts for local residents has propelled it to the top position.

Allstate offers an impressive selection of 11 homeowners insurance discounts, surpassing the industry average of seven. As a home insurance analyst, I’ve assessed these discounts and identified seven unique options that stand out. Let’s delve into some notable home insurance discounts provided by Allstate:

  • Claims forgiveness: Your rate remains unaffected even if you file a claim.
  • Claims-free: Enjoy a 5% renewal discount each year if you don’t make any claims.
  • Deductible reward: Receive a $100 deduction from your deductible when you sign up.
  • 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 renewing your policy with Allstate.
  • Home buyer: Exclusive discount for recent homebuyers.
  • New home: Discount for insuring a newly constructed home.
  • Responsible payment: Additional discount for maintaining a good payment history.
  • Early payment: Receive up to a 10% discount for purchasing a new policy at least seven days before your current policy expires.
  • Protective device: Discount for installing theft and fire protection devices.

When it comes to home insurance in Columbia, where hurricanes and violent storms drive up rates, Allstate stands out as a game-changer. Its affordability makes it the most budget-friendly choice overall, providing much-needed relief to residents of Columbia.

Benefits & Drawbacks

Benefits
  • Abundant availability of local agents and claims adjusters in Columbia
  • Attractive and competitive insurance rates
  • Provides a diverse selection of discounts to policyholders
Drawbacks
  • Claim satisfaction rating, as per J.D. Power, falls below the national average
  • Reports a higher number of complaints compared to the national average

Cheapest Overall

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 Reviews
9/10 Claims
10/10 Coverage Level

Why We Like Them

If you’re a homeowner in Columbia who treasures your valuable property, Chubb is the perfect choice to ensure that extra layer of protection. However, it’s important to consider that their rates are higher than the average for those on a tight budget.

Chubb specializes in offering additional coverage options specifically tailored for high-value homes. Their extended replacement cost coverage becomes a saving grace when accidents occur and you need assistance in rebuilding. Moreover, their risk consulting program diligently evaluates fire and security risks within your home, leaving no stone unturned in ensuring your safety.

With their exclusive Masterpiece insurance policy, Chubb goes above and beyond to cater to the needs of affluent clients. From providing professional property management services to offering data restoration in the event of computer viruses, they are committed to meeting every requirement of your high-value property.

Chubb’s claims agents work efficiently to promptly approve claims, providing the assistance you need when you need it most. However, it’s worth noting that any claim denials undergo manager approval to maintain a seamless process that prioritizes your satisfaction.

When it comes to protecting high-value homes in Columbia, Chubb shines as the ultimate choice. With numerous stunning coastal properties in the area, Chubb’s exceptional performance in this market solidifies its position as the go-to option.

 

Benefits & Drawbacks

Benefits
  • Offers a cash payment option for those who choose not to rebuild after a total loss
  • Conducts thorough home assessments to ensure accurate coverage during emergencies
  • Allows Masterpiece-level customers to choose their own contractors and artisans for claim repairs
Drawbacks
  • No online quoting available
  • Premiums tend to be higher compared to competitors due to the focus on high-value properties
  • Policies can only be purchased through an agent

Best 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

Best for Cheapest Runner-Up

Overall Rating
4.8

Key Statistics

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

Why We Like Them

Ranked as the second top choice in our evaluations, State Farm stands out for its affordability and strong local presence in Columbia. This local presence plays a vital role, offering crucial support not only during hurricanes or severe storms but also through the availability of claims adjusters and offices in Columbia and its surrounding areas.

State Farm provides a standard homeowners policy that can be customized with additional coverages to meet your specific needs. These additional coverages include options like ordinance and law coverage, identity theft protection, and insurance for valuable items like jewelry. With an impressive AM Best financial strength rating of A++, State Farm ensures policyholders of their stability and reliability.

Furthermore, State Farm offers optional replacement cost coverage for your home, other structures, and personal belongings. This coverage guarantees that damaged items are replaced at their current market value, without considering depreciation. Without this endorsement, replacement cost is determined based on the actual cash value of the items.

In the realm of home insurance costs in Columbia, State Farm proudly secures the second spot. This distinction holds significant weight, particularly as home insurance rates continue to rise in this coastal region of South Carolina.

Benefits & Drawbacks

Benefits
  • Boasts an extensive network of local agents in South Florida
  • Offers highly competitive premium rates
  • Has attained the highest possible financial strength rating
Drawbacks
  • Policies are exclusively available through company agents

Cheapest Overall Runner-Up

Company Annual Rate
State Farm $1,209
Nationwide $1,367
AAA $1,462
Progressive $2,137
Heritage $3,307

Best for Customer Service

Overall Rating
4.7

Key Statistics

8/10 Affordability
10/10 Customer Reviews
9/10 Claims
9/10 Coverage Level

Why We Like Them

Established in 1907 as an auto insurance company in Rhode Island, Amica has evolved into one of the nation’s largest insurance providers. Operating in 48 states, they now offer a diverse range of coverages, including homeowners insurance.

What truly distinguishes Amica is its exceptional customer service reputation, earning top marks among standard insurance companies according to J.D. Power. They present three distinct homeowners policies to cater to varying needs:

The Standard Choice policy provides flexible coverage options, including replacement cost coverage for your home and personal belongings, water backup coverage, and extended protection for devices like computers, tablets, and phones. It’s important to note that additional premiums may apply for these options.

The Platinum Choice policy offers enhanced coverage and expanded choices for valuable items and collectibles. Known as HO-5, this policy provides coverage for your personal property against all perils except those specifically excluded in the policy.

Additionally, policyholders have the option of a dividend homeowners policy, which returns 20% of the premiums paid each year. It’s worth mentioning that these policies are available only in select states, and the dividend rates may vary.

Amica has built a strong reputation and loyal customer base by making outstanding customer service their top priority. This unwavering commitment is what truly sets them apart. When hurricanes or tropical storms hit Columbia, homeowners find comfort in knowing that Amica is there to support them through these challenging times.

Benefits & Drawbacks

Benefits
  • Provides three distinct policy types to choose from
  • Earns the highest rating for customer service from J.D. Power
Drawbacks
  • Not available in all states for individuals moving from Columbia
  • Can only be accessed through independent agents

Best for Military Families

Overall Rating
4.9

Key Statistics

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

Why We Like Them

Back in 1922, USAA was founded by 25 Army officers who wanted to insure their cars themselves. Today, USAA exclusively serves members of the U.S. armed forces, Reserve, veterans, and their families, offering insurance and financial services.

Based in San Antonio, USAA operates satellite offices across the United States and in London, Frankfurt, and Luxembourg.

As a USAA member, you can protect your home with their standard insurance policy, which covers the replacement cost of your personal belongings. This policy also includes coverage for the uniforms of active-duty and deployed service members. You also have the option to add extra coverage like earthquake and home-sharing insurance.
As a member, you can conveniently purchase USAA insurance products online using your active membership ID, over the phone, or at a local branch. USAA provides an automated agent chatbot on their website to help you access your online account. Through your account, you can manage your policy, make payments, and file a claim.
It’s important to mention that USAA has earned an impressive A++ rating from AM Best, which signifies the highest level of financial strength an insurance company can achieve.

When it comes to securing the best insurance for military families in Columbia, the stakes couldn’t be higher. With five military bases scattered across South Carolina and numerous military families calling Columbia home, it’s clear that USAA stands head and shoulders above the rest. Their unwavering commitment to those affiliated with the U.S. Armed Forces sets them apart, as they go the extra mile to offer exceptional customer support. While their rates may not always be the most affordable, USAA’s unparalleled dedication to military families makes them the undisputed top choice.

Benefits & Drawbacks

Benefits
  • Provides coverage for uniforms and equipment of active duty and deployed service members.
  • Includes standard coverage for replacement costs of personal belongings.
Drawbacks
  • Does not have physical branches in Columbia for in-person assistance.
  • Limited eligibility to current and former military members and their immediate families.
  • Offers fewer discounts compared to competitors.

Best for Military Families

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

Best for Customizable Coverage

Overall Rating
4.6

Key Statistics

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

Why We Like Them

If you find yourself in the situation of having let your previous insurance policy lapse, Travelers emerges as an exceptional solution. Setting itself apart from other providers, Travelers grants you the advantage of not requiring prior coverage on your home for eligibility, a rarity in the industry that showcases their commitment to accessibility.
To bolster your protection, Travelers empowers you to personalize your homeowners insurance policy with optional coverages, ensuring a tailored fit to your unique needs:

  • Enhanced Dwelling Coverage: Amplify your dwelling coverage limit by a specified percentage (typically 25% to 50%) to safeguard against unexpected damage or destruction that surpasses your policy limit.
    Special Personal Property: Extend coverage to shield against damages or losses not encompassed by a standard policy, offering protection for lost or misplaced items that hold personal significance.
  • Replacement Cost of Personal Property: Secure coverage that spans the cost of replacing stolen or damaged personal belongings without considering depreciation, granting you full financial restoration.
  • Scheduled Personal Property: Elevate coverage limits for valuable items such as jewelry, watches, electronics, or antiques that may be subject to per-item limits on a standard policy, ensuring their proper safeguarding.
  • Jewelry and Valuable Items: Embrace comprehensive protection with elevated coverage limits and broadened safeguarding for prized possessions like jewelry, silverware, firearms, and other items that possess inherent value.
  • Water Backup: Shield your abode against the repercussions of water backup and overflow from drains or sewer lines, covering the expenses associated with repairs to minimize the impact of water-related incidents.
  • Identity Fraud: Obtain coverage up to $25,000 for legal expenses, lost wages, and other costs incurred while rectifying and restoring your identity in the unfortunate event of fraudulent usage.
  • Green Home: Embrace sustainability and eco-friendliness by securing coverage that offsets the additional expenses involved in repairing or rebuilding your home using environmentally conscious materials following a covered peril.
  • Umbrella Insurance: Fortify your protection with comprehensive liability coverage that extends beyond the limits of your existing policy, providing enhanced peace of mind for individuals with substantial assets valued over $500,000.
  • Flood Insurance: In partnership with the National Flood Insurance Program (NFIP), Travelers offers specialized flood insurance to shield homeowners against the devastating consequences of flooding, ensuring comprehensive protection in the face of this specific peril.

Benefits & Drawbacks

Benefits
  • Does not mandate prior insurance for your home
  • Includes green home coverage and discounts
  • Provides coverage for short-term rentals
Drawbacks
  • Offers a limited range of available discounts
  • Features higher than average rates
  • Receives below average customer service ratings from J.D. Power

Best for Customizable Coverage

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

The Cheapest Home Insurance in Columbia

Cheapest Overall

Company Annual Rate
Allstate $989
State Farm $1,247
Auto-Owners $1,439
Heritage $3,307
USAA $1,732

The Cheapest Home Insurance for New Homes

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

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 on the hunt for the ideal home insurance company in Columbia? Safeguarding your valuable investment and personal belongings is crucial for the financial well-being of your family. Take these simple steps to discover the perfect policy for your needs:

  • Begin by conducting online research on home insurers and handpick three reputable companies you can rely on.
  • Determine the coverage limits that align with your requirements. If you’re uncertain, don’t hesitate to seek guidance from an agent.
  • Reach out to the three insurers you’ve chosen and request quotes from them.
  • Engage in a thorough comparison of the coverage options, customer reviews, financial stability, and rates to make a well-informed decision.
  • Once you’ve made your selection, proceed with the application for coverage. Some companies offer online applications, while others may require you to speak directly with an agent.

By following these steps, you’ll be well on your way to finding the perfect home insurance policy that ensures peace of mind and comprehensive protection for you and your loved ones.

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 Columbia, South Carolina

When it comes to insuring your home in Columbia, it’s important to be aware of the costs involved. Compared to other areas in South Carolina, home insurance expenses here can be on the higher side. On average, homeowners insurance in Columbia costs around $2,880 per year, which is 85% higher than the state average. In fact, among cities in South Carolina, Columbia ranks as the third most expensive when it comes to home insurance, with only Pawleys Island and Briarcliffe Acres having higher costs.

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