Best homeowners insurance in Hilton Head Island, SC For 2024

Allstate takes the crown for offering the best and cheapest home insurance in Hilton Head island.

min read
Updated: 05 March 2024
Written by
Bob Phillips
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If you’re fortunate to be a homeowner in Hilton Head Island, you probably know that home insurance here can be pricey compared to inland cities. At Insuranceopedia, we understand that finding affordable home insurance in Hilton Head Island can be a time-consuming endeavor. To save you time, we’ve done our homework and researched the companies we believe are the best fit for your needs.

Allstate offers the most budget-friendly homeowners insurance, closely followed by State Farm. For military families, USAA takes the crown as the most affordable option. But don’t stop reading just yet, because we may have uncovered another insurer that perfectly meets your unique requirements, such as exceptional coverage for high-value or new homes.

As a licensed property insurance agent in the Southeast, I know firsthand the high costs of home insurance in hurricane-prone states like South Carolina. Alongside the Insuranceopedia team, I’m confident that exploring this page will save you both time and money.

Best cheap home insurance companies in Hilton Head Island, South Carolina 2024

Compare the cheapest home insurance companies in Hilton Head Island, South Carolina

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

Military Families

A++

884

$1,434

8/10

Instant Quote
Chubb
4.6

High Value Homes

A++

809

$4,249

7/10

Instant Quote
Travelers
4.6

Customizable Coverage

A++

754

$3,701

8/10

Instant Quote
Allstate
4.9

Cheapest

A+

815

$965

9/10

Instant Quote
State Farm
4.8

Cheapest Runner-Up

A++

829

$1,230

9/10

Instant Quote
Amica
4.7

Customer Service

A+

849

Not Available

8/10

Instant Quote
Scroll to see comparisons

Our Methodology

To identify the best home insurance companies in Hilton Head Island, we took a thorough and impartial approach. We relied on unbiased data from A.M. Best, which assesses financial strength, and J.D. Power, which measures customer satisfaction. Additionally, we considered feedback from various consumer websites and took into account the personal experience of our writer. This comprehensive method guaranteed that our findings were objective and grounded in real-world perspectives.

48

Quotes Analyzed

15+

Years Of Experience

16

Brands Reviewed

31+

Research Hours

Best Home Insurance Companies in Hilton Head Island, 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

Allstate takes the lead as the most affordable home insurance company in Hilton Head Island. While its competitiveness may differ in other states, Allstate’s focus on tailored discounts for Hilton Head Island residents has propelled it to the top spot.

With a total of 11 homeowners insurance discounts, Allstate offers an impressive selection that includes seven unique options, as assessed by home insurance analysts like myself. This exceeds the industry average of seven discounts.
Let’s take a look at some notable home insurance discounts provided by Allstate:

  • Claims forgiveness: This coverage ensures that your rate remains unaffected even after filing a claim.
  • Claims-free: Enjoy a 5% renewal discount each year if you remain claim-free.
  • Deductible reward: Get 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.

For homeowners in Hilton Head Island, dealing with increasing home insurance rates due to frequent hurricanes and violent storms, Allstate’s affordability is a game-changer. Being the most budget-friendly option overall, it provides crucial relief to Hilton Head Island residents.

 

Benefits & Drawbacks

Benefits
  • Plenty of local agents and claims adjusters available in Hilton Head Island
  • Competitive rates for insurance coverage
  • Offers a wide range of discounts
Drawbacks
  • Lower-than-average rating for claim satisfaction according to J.D. Power
  • Receives more complaints than the national average

Cheapest Overall

Company Annual Rate
Allstate $972
State Farm $1,211
Auto-Owners $1,439
Heritage $3,307
USAA $1,434

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 seeking extra protection, Chubb is a fantastic option. However, for those on a tight budget in Hilton Head Island, it’s worth noting that their rates are higher than the average.

Chubb offers additional coverage options specifically tailored for high-value homes. This includes extended replacement cost coverage, which helps with rebuilding after accidents. They also provide a risk consulting program that assesses fire and security risks within your home.

Their Masterpiece insurance policy is designed for affluent clients and offers services such as property management and data restoration after computer viruses.

Chubb’s claims agents work efficiently to approve claims promptly. However, it’s important to mention that any claim denials require manager approval to ensure a smooth process.

When it comes to high-value homes in Hilton Head Island, Chubb takes the spotlight as the top choice. With an abundance of beautiful coastal properties in the area, Chubb’s strong performance in this market makes it the go-to option.

Benefits & Drawbacks

Benefits
  • Offers a cash settlement option for those who choose not to rebuild after a complete loss
  • Conducts thorough home assessments to ensure accurate coverage during emergencies
  • Provides Masterpiece-level customers the flexibility to choose their own contractors and artisans for claim repairs
Drawbacks
  • Does not have online quoting capability
  • Premiums tend to be higher than many competitors due to the emphasis on high-value properties
  • Policies can only be purchased through an agent

Best For High-Value Homes

Company Annual Rate
Allstate $976
State Farm $1,209
Auto-Owners $1,439
Heritage $3,307
Chubb $4,249

Best for 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

curing the second spot in our rankings, State Farm stands out not only for its affordability in Hilton Head Island but also for its robust local presence. This local presence plays a crucial role, providing support not just in the aftermath of hurricanes or severe storms but also due to the abundance of claims adjusters and offices that State Farm has in Hilton Head Island and the surrounding areas.

With State Farm, you have the option to choose their standard homeowners policy and personalize it with additional coverages to suit your needs. These additional coverages include options like ordinance and law coverage, identity theft protection, and insurance for valuable items such as jewelry. State Farm proudly holds the highest AM Best financial strength rating of A++, ensuring policyholders of their 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 factoring in depreciation. Without this endorsement, replacement cost is calculated based on the actual cash value of the items.

When it comes to home insurance costs in Hilton Head Island, State Farm consistently claims the second position. This fact carries great importance, especially considering the continuous increase in home insurance rates in this coastal region of South Carolina.

Benefits & Drawbacks

Benefits
  • Has the highest number of local agents available in South Florida
  • Provides highly competitive premium rates
  • Has achieved the highest financial strength rating possible
Drawbacks
  • Policies are not available through independent agents

Cheapest Overall Runner-Up

Company Annual Rate
Allstate $976
State Farm $1,209
Auto-Owners $1,439
Heritage $3,307
USAA $1,434

Best for Customer Service

Overall Rating
4.7

Key Statistics

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

Why We Like Them

Amica, founded in 1907 as an auto insurance company in Rhode Island, has grown into one of the largest insurance companies nationwide. They now offer a wide range of coverages, including homeowners insurance, in 48 states.

What sets Amica apart is its outstanding customer service ratings, earning the highest marks among standard insurance companies according to J.D. Power. They offer three distinct homeowners policies to cater to various 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 worth noting that additional premiums may apply for these options.

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

Policyholders also have the option of a dividend homeowners policy, where 20% of the premiums paid are returned each year. It’s important to mention that these policies are available only in select states, and the dividend rates can vary.

Amica has gained a solid reputation and loyal customer base by making exceptional customer service a top priority. This commitment is what truly sets them apart. When a hurricane or tropical storm strikes Hilton Head Island, homeowners take comfort in knowing that Amica is there to provide support during these challenging times.

Benefits & Drawbacks

Benefits
  • Offers three different policy types
  • Ranked as top-rated for customer service by J.D. Power
Drawbacks
  • Not available in all states for insureds relocating from Hilton Head Island
  • Only accessible through independent agents

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

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

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

If you’re 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 have the option to add additional coverage, such as earthquake and home-sharing insurance.

As a member, you can conveniently purchase USAA insurance products online using your active membership ID, through the phone, or at a local branch. USAA provides an automated agent chatbot on their website to assist you in accessing your online account. Through your account, you can manage your policy, make payments, and file a claim.
It’s worth noting that USAA has earned an impressive A++ rating from AM Best, indicating the highest level of financial strength an insurance company can receive.

When it comes to finding the best insurance for military families in Hilton Head Island, it’s absolutely crucial. With five military bases in South Carolina and many military families making Hilton Head Island their home, there’s no doubt that USAA is the top choice. They prioritize their commitment to those affiliated with the U.S. Armed Forces and go above and beyond to provide exceptional customer support. While their rates may not always be the lowest, USAA’s unwavering dedication to military families makes them the absolute best option.

Benefits & Drawbacks

Benefits
  • Offers coverage for active duty and deployed service member uniforms and equipment.
  • Includes standard contents replacement cost coverage
Drawbacks
  • Does not have physical locations in Hilton Head Island for in-person service.
  • Eligibility is limited to current and past military members and their immediate families.
  • Offers a smaller number of discounts compared to competitors.

Best for Military Families

Company Annual Rate
Allstate $976
State Farm $1,209
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 Satisfaction/Reviews
9/10 Claims/Payouts
10/10 Coverage Level

Why We Like Them

Travelers can be an excellent option. Unlike other providers, they don’t require prior coverage on your home for qualification, which is a rare feature in the industry.

To enhance your protection, Travelers allows you to personalize your homeowners insurance policy with optional coverages that suit your needs:

  • Extended replacement cost: Increases your dwelling coverage limit by a certain percentage (typically 25% to 50%) if your house is damaged or destroyed, and the rebuilding cost exceeds your policy limit.
  • Special personal property: Extends coverage for damages or losses not covered under a standard policy, such as lost or misplaced items.
  • Replacement cost of personal property: Covers the cost of replacing stolen or damaged personal belongings without factoring in depreciation.
  • Scheduled personal property: Boosts coverage limits for valuable items like jewelry, watches, electronics, or antiques, which often have per-item limits on a standard policy.
  • Jewelry and valuable items: Provides higher coverage limits and broader protection for categories of valuable items, such as jewelry, silverware, firearms, and other property classes with relatively low sub-limits.
  • Water backup: Covers repair costs if your home suffers damage due to water backing up and overflowing from your drain or sewer line.
  • Identity fraud: Offers coverage up to $25,000 for legal expenses, lost wages, and other costs incurred while restoring your identity if it’s fraudulently used.
  • Green home: Helps cover the additional expenses of repairing or rebuilding your home with eco-friendly materials after a covered peril.
  • Umbrella Insurance: Provides coverage for liability claims that exceed your liability coverage limit, which is particularly beneficial for individuals with assets valued over $500,000.
  • Flood Insurance: Travelers offers flood insurance through the National Flood Insurance Program (NFIP), the primary flood insurance provider in the U.S.

Benefits & Drawbacks

Benefits
  • Does not require prior insurance on the home
  • Offers green home coverage and discounts
  • Provides coverage for short-term rentals
Drawbacks
  • Offers a limited selection of available discounts
  • Has higher than average rates
  • Receives below average customer service ratings from J.D. Power

Best for Customizable Coverage

Company Annual Rate
Allstate $976
State Farm $1,209
Auto-Owners $1,439
Heritage $3,307
USAA $8,628

The Cheapest Home Insurance in Hilton Head Island

Cheapest Overall

Company Annual Rate
Allstate $972
State Farm $1,211
Auto-Owners $1,439
Heritage $3,307
USAA $1,434

The Cheapest Home Insurance for New Homes

Company Annual Rate
Allstate $631
Universal North American $715
State Farm $922
Auto-Owners $1,178
Heritage $2,707

Cheapest For Extra Personal Property Coverage

Company Annual Rate
Allstate $985
State Farm $1,267
Auto-Owners $1,587
Heritage $3,647
USAA $1,434

How to find the best home insurance company for you

Are you looking for the best home insurance company in Hilton Head Island? It’s essential to protect your valuable investment and belongings for your family’s financial security. Follow these easy steps to find the perfect policy for you:

  • Start by researching home insurers online and choose three companies you trust
  • Decide on the coverage limits that suit your needs. You can ask an agent for help if you’re unsure.
  • Request quotes from the three insurers you selected.
  • Compare the coverage, customer reviews, financial strength, and rates to make an informed decision.

Once you’ve made your choice, complete the application for coverage. Some companies have online applications, while others require speaking to an agent.

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 Hilton Head Island, South Carolina

When it comes to home insurance costs in Hilton Head Island, they can be quite high compared to other areas in South Carolina. The average annual expense for homeowners insurance here is $2,880, which is 85% higher than the state average. In fact, Hilton Head Island ranks as the third most expensive city for home insurance in South Carolina, with only Pawleys Island and Briarcliffe Acres having higher costs.

How to get an online home insurance quote in Hilton Head Island

Looking for a home insurance quote online? Follow these easy steps:

  1. Visit insurance company websites: Start by going to the websites of potential insurance providers. Most companies have online tools where you can request a quote directly from their site.
  2. Fill in your details: Look for the section where you can request a home insurance quote and provide the necessary information. This includes your name, address, and contact details. You’ll also need to provide information about your home, like its size, construction type, and security features.
  3. Choose your deductible and coverage limits: Select a deductible that suits you. This is the amount you’ll pay before the 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 the quotes: After you’ve provided the information, the website will generate a quote based on your details. Take the time to review and compare the quotes, making sure they match your coverage needs.
  5. Contact the insurance provider: If you’re happy with a specific quote and insurance provider, reach out to them directly for more information or to purchase the policy.

Remember, online quotes are estimates based on the information you provide, and the final premium may vary after a thorough evaluation by the insurance company.

Factors that impact the cost of your home insurance in Hilton Head Island

When it comes to home insurance rates in Hilton Head Island, a few key factors come into play. Take note of these important considerations:

  • Location: Where your home is situated matters. Since Hilton Head Island is prone to risks like hurricanes and flooding, insurance companies look at things like proximity to the coast, elevation, and flood zone classification.
  • Construction and age of the home: The type, age, and condition of your home are important factors. Older homes with outdated systems or materials may impact rates, while newer homes with safety features like fire alarms and strong roofs could qualify for discounts.
  • Claims history: Your past claims and frequency of claims can affect your rates. Multiple claims may suggest a higher risk of future claims, resulting in increased premiums.
  • Home value and coverage limits: The value of your home and the coverage limits you choose will impact your rates. Higher-value homes typically require more coverage, which can lead to higher premiums.
  • Deductible amount: The deductible is the amount you have to pay before your insurance coverage kicks in. Opting for a higher deductible can lower your premiums, but remember that you’ll have to pay more if you file a claim.
  • Credit score: In some states, like South Carolina, insurance companies may consider your credit score when determining rates. Lower scores could result in higher premiums.

Remember, insurance rates can vary between providers, so it’s wise to shop around, compare quotes, and take these factors into account before making a decision.

South Carolina home insurance laws to know

Let’s explore some key facts about home insurance laws in South Carolina:

  • No legal requirement: Homeowners in South Carolina are not legally obligated to have home insurance. However, if you have a mortgage, your lender may require coverage until the mortgage is fully paid.
  • Consumer guide: South Carolina ensures homeowners receive a consumer guide on homeowner’s insurance. This helpful guide, provided by the South Carolina Department of Insurance, offers valuable information about coverage, deductibles, claims handling, and more.
  • Hurricane and windstorm deductibles: Due to the state’s coastal location and the risk of hurricanes and windstorms, South Carolina allows insurance companies to offer separate deductibles for these specific perils. Instead of a fixed dollar amount, the deductible for hurricane or windstorm damage is typically a percentage of the home’s insured value.

Remember, it’s always a good idea to seek guidance from a local insurance professional or the South Carolina Department of Insurance to fully understand your rights and obligations regarding home insurance in the state.

In the news

According to a recent report from Island Packet News on May 18th, 2023, homeowner insurance rates in Hilton Head have experienced a noticeable increase. This contributes to the overall expenses of living in the area and poses financial difficulties for prospective homebuyers. As per Meg O’Toole Herman, an agent at Goosehead Insurance in Hilton Head, rates have surged anywhere between 20% to 70%. William Voelkel from Hilton Head Insurance and Brokerage mentioned that rates tend to be higher near the coastline and become more favorable as you venture further inland.

Information about Hilton Head Island

Hilton Head Island, a stunning coastal gem nestled in South Carolina. Known for its natural beauty, lively arts scene, and delicious food, this vibrant city offers something for everyone. With breathtaking beaches, world-class golf courses, and a warm and welcoming atmosphere, Hilton Head Island is the perfect destination for relaxation and fun. Explore the great outdoors, immerse yourself in the local culture, and enjoy the hospitality that makes Hilton Head Island truly special.

Home insurance discounts in Hilton Head Island

Here are five ways you can save on home insurance in Hilton Head Island:

  1. Bundle up: Combining your home insurance with other policies, like auto insurance, from the same company can lead to discounts.
  2. Secure your home: Installing security systems, like alarms and cameras, may help lower your insurance premium.
  3. Hurricane-ready perks: If your home has features that can withstand hurricanes, such as reinforced windows or a strong roof, you might qualify for a discount due to the reduced risk.
  4. Stay claim-free: Homeowners who haven’t filed claims for a certain period of time may be eligible for discounts since it demonstrates a lower risk profile.
  5. New home advantages: Insurance providers sometimes offer discounts for newer homes with updated systems, like electrical and plumbing, which can minimize potential claims.

Remember, the availability and eligibility criteria for these discounts may vary depending on the insurance company and policy.

FAQs

How much is homeowners insurance in Hilton Head Island?

According to our findings, the monthly cost of new homeowners insurance can range from $631 to $2,707, depending on the insurance company. This showcases the potential savings you can enjoy by choosing InsuranceWise for your home insurance requirements.

Who is the largest home insurer in Hilton Head Island?

State Farm takes the lead as the top home insurance provider in Hilton Head Island, with a significant market share of 22.54%. They hold the largest portion among all insurance carriers in the area.

Why is homeowners insurance so expensive in Hilton Head Island?

Being situated near the Atlantic Coast, Hilton Head Island experiences higher home insurance rates. This is because of the increased risk of hurricanes and severe storms in the area.

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