Best Cheap Homeowners Insurance In Myrtle Beach, SC 2025
Universal North America offers the cheapest homeowners insurance to homeowners in Myrtle Beach, with an average annual quote of $1,089.
We’ve saved shoppers an average of $450 per year on their home insurance.
In Myrtle Beach, Universal North America provides the cheapest policy, with average annual rates of $1,089. However, keep in mind that the best insurer for you may vary based on your unique circumstances and requirements.
Myrtle Beach experiences over 2,000 residential burglaries annually. Additionally, Myrtle Beach’s rates climb with severe weather risks like hurricanes, floods, storms, and rising rebuild costs.
To help people navigate the tough home insurance market, I researched several options to find you the best and cheapest home insurance companies in Myrtle Beach, SC.
Key Takeaways
Universal North America provides the cheapest home insurance policy in Myrtle Beach, at an average annual rate of $1,089.
The average cost of homeowners insurance in Myrtle Beach is $2,536 per year.
There are various ways to save on your premiums, such as shopping around for quotes and re-assessing your coverage needs.
Cheapest Homeowners Insurance In Myrtle Beach – Universal North America
Universal North America is the cheapest overall carrier for homeowners insurance in Myrtle Beach, SC, with an average annual rate of $1,089.
| Company | Annual Premium |
| Auto-Owners | $1,705 |
| Universal North America | $1,089 |
| State Farm | $1,447 |
| Heritage | $2,300 |
| Allstate | $1,296 |
Cheapest Homeowners Insurance In Myrtle Beach If You Have Poor Credit – Universal North America
If your credit score is poor, Universal North America provides the most affordable solution, with an average annual rate of $2,499.
| Insurance Company | Average Annual Premium |
| State Farm | $4,000 |
| Universal North America | $2,499 |
| Allstate | $3,500 |
| Heritage | $4,807 |
| Auto-Owners | $2,790 |
Cheapest Homeowners Insurance In Myrtle Beach For Older Homes – Universal North America
For those with older homes, Universal North America offers the cheapest rates, averaging $1,811 per year.
Older homes often come with unique risks and maintenance issues, which can drive up insurance costs.
| Insurance Company | Average Annual Premium |
| Allstate | $2,100 |
| Heritage | $3,509 |
| State Farm | $2,403 |
| Universal North America | $1,811 |
| Auto-Owners | $2,910 |
Cheapest Homeowners Insurance For Newly Constructed Homes – Universal North America
If you’re the proud owner of a newly constructed home, Universal North America offers the most cost-effective solution, with an average annual rate of $875.
| Insurance Company | Average Annual Premium |
| Allstate | $968 |
| Auto-Owners | $1,442 |
| State Farm | $1,230 |
| Universal North America | $875 |
| Heritage | $1,500 |
Cheapest Home Insurance In Myrtle Beach For A History Of Claims – Heritage
For homeowners with a history of claims, Heritage provides an affordable solution, with an average annual rate of $2,334.
A history of claims can raise red flags for insurers, often leading to higher premiums.
| Insurance Company | Average Annual Premium |
| Cincinnati Insurance | $2,595 |
| Allstate | $2,891 |
| Heritage | $2,334 |
| USAA | $3,195 |
| ASI | $2,700 |
Best Homeowners Insurance Companies In Myrtle Beach, SC
To make your decision-making process easier, we’ve compiled a list of the top homeowners insurance companies in Myrtle Beach, SC. These companies have been assessed based on their annual premiums, coverage options, customer satisfaction ratings, and overall reliability.
Take a look at our comparison chart below and find the perfect fit for your home insurance needs.
| Company | Annual Premium |
| State Farm | $1,815 |
| Universal North America | $877 |
| USAA | $3,190 |
| Auto-Owners | $1,434 |
| Chubb | $4,248 |
| Heritage | $3,300 |
| Allstate | $2,885 |
Prices vary across Myrtle Beach, but what really matters is whether your policy protects you against local risks. With PolicyOwl, you can upload your policy and instantly see what’s covered — and what’s missing.
How Much Is Homeowners Insurance In Myrtle Beach, SC?
The average cost of home insurance in Myrtle Beach is approximately $2,536 per year. It’s important to understand that rates are not a one-size-fits-all matter. They can fluctuate significantly based on a myriad of factors.
As you can see below, rates in Myrtle Beach are more expensive than the National average. However, they are lower than the South Carolina State average.
| Area | Average Monthly Rate |
| National | $2,408 |
| South Carolina | $2,676 |
| Myrtle Beach | $2,536 |
Average Myrtle Beach Home Insurance Rates By ZIP Code
The cost of homeowners insurance in Myrtle Beach, SC, can vary significantly based on the ZIP code.
The table below showcases average rates for different zip codes in Myrtle Beach.
| ZIP Code | Average Annual Premium |
| 29577 | $3,044 |
| 29579 | $1,968 |
| 29588 | $3,559 |
| 29566 | $3,780 |
| 29572 | $4,972 |
Cheapest ZIP Codes For Home Insurance In Myrtle Beach
At $1,968 per year, the ZIP code 29579 is the cheapest average ZIP code for home insurance in Myrtle Beach.
| ZIP Code | Average Annual Premium |
| 29588 | $3,559 |
| 29577 | $3,044 |
| 29575 | $3,042 |
| 29579 | $1,968 |
| 29566 | $3,780 |
Most Expensive ZIP Codes For Home Insurance In Myrtle Beach
The most expensive ZIP code in Myrtle Beach is 29572, at an average annual premium of $4,972.
| ZIP Code | Average Annual Premium |
| 29578 | $4,475 |
| 29566 | $3,780 |
| 29588 | $3,559 |
| 29572 | $4,972 |
| 29577 | $3,044 |
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Average Home Insurance Rates In Myrtle Beach, SC, By Deductible Amount
The deductible amount chosen for a homeowners insurance policy significantly affects the premium rates in Myrtle Beach, SC. Generally, a higher deductible means lower premiums, but you’ll pay more out of pocket if you need to make a claim.
Here’s how the average home insurance rates in Myrtle Beach fluctuate with insurers for different deductible amounts:
| Insurer | Annual Rate for $500 Deductible | Annual Rate for $1,000 Deductible | Annual Rate for $1,500 Deductible |
| State Farm | $2,247 | $2,100 | $2,001 |
| Universal North America | $1,560 | $1,495 | $1,450 |
| Heritage | $1,655 | $1,580 | $1,500 |
| USAA | $1,804 | $1,709 | $1,662 |
| Allstate | $2,000 | $1,870 | $1,795 |
Average Home Insurance Rates In Myrtle Beach, SC, By Coverage Amount
One of the key components that influences your premium is the dwelling coverage amount. This is the maximum amount your insurance company will pay to rebuild or repair your home if it’s damaged or destroyed.
The table below outlines the average annual homeowners insurance premiums for different dwelling coverage amounts.
| Dwelling Coverage Amount | Average Annual Premium |
| $200,000 | $2,039 |
| $250,000 | $2,619 |
| $300,000 | $3,292 |
| $350,000 | $3,965 |
| $400,000 | $4,638 |
Compare Home Insurance Rates To Other Cities In South Carolina
The following table shows the average rates of home insurance across various cities in South Carolina.
| City | Annual Premium |
| Greenville | $1,667 |
| Summerville | $2,707 |
| Columbia | $1,360 |
| Charleston | $2,724 |
| Mt. Pleasant | $1,844 |
Bundle Home With Auto Insurance
Bundling your homeowner’s insurance with your auto insurance is a popular way to lower premiums. Many insurance providers offer discounts when you combine multiple policies, as they see it as an opportunity to retain you as a customer across different types of coverage. The savings from bundling can vary, but it’s common to see discounts ranging from 7% to 11% on your home insurance premium.
This method can be especially useful for homeowners who already have an auto insurance policy. By consolidating both policies with the same insurer, you simplify your insurance management and may receive better overall customer service. In addition to lower premiums, bundling may also provide more flexible payment options and potentially higher coverage limits.
Before deciding to bundle, it’s important to compare the total cost of bundling with the cost of purchasing separate policies. While bundling may offer discounts, it’s still worth ensuring that each individual policy provides the coverage you need at a reasonable rate.
How To Get Homeowners Insurance In South Carolina
With informative sites like Insuranceopedia, finding the best coverage for your unique needs is just a few clicks away. By providing quick online quotes from a variety of top-rated insurers, Insuranceopedia helps you to compare rates at a glance.
Just input your details and let us do the hard work, presenting you with a range of options tailored to your requirements. This way, you can confidently choose a policy that offers the highest value, balancing cost with comprehensive coverage.
Our Methodology
To find the cheapest home insurance rates in Myrtle Beach, we analyzed findings from numerous home insurance review sites, some of which analyzed rates from public filings obtained by Quadrant Information Services. We’ve used an average of those rates for this review, but each company’s rates change frequently and will vary based on your situation. Also factored into the overall rating is my subjective opinion based on fifteen years of experience as a licensed insurance agent and over three decades of purchasing home insurance.
