Best Homeowners Insurance Companies In South Carolina

State Farm is our first choice for the best of the best overall home insurance in South Carolina. It has been given the best possible rating from AM Best, an A++, due to its strong and stable financial status. J.D. Power gives State Farm a superior rating–829 out of 1000–in customer satisfaction. This rating was based in part on the multiple positive reviews left by policyholders online. With many local agents, offices and claims representatives throughout South Carolina, customers can be sure of fast and convenient service.

State Farm has a lot to offer homeowners searching for home insurance. Coverage that isn’t usually provided by other companies, even its standard, no frills home and property insurance policies. Identity Theft is a common problem, for example, and State Farm offers you protection from it, as well as Credit Card Fraud. If you’re a member of an HOA with very stringent codes and must repair or rebuild your home due to a covered loss, State Farm will provide legal help plus the cost of new materials needed in order for you to be in compliance. These are examples of the protection you’ll get from State Farm if and when you need it.

If you decide to go with State Farm as your home and property insurance carrier, it’s a piece of cake to get online and get started. You must meet with a State Farm insurance agent to actually purchase a policy. You can easily access your account online through the website or app. Online tools make it convenient to pay your premiums, enroll in paperless billing and auto-pay, or file claims. The State Farm website also has a handy online resource library with a lot of information about insurance.

AM Best gives Nationwide home insurance an A+ rating due to its strong, stable financial standing.While policyholder satisfaction ratings aren’t the very best, they’re not the worst, either. Nationwide has an excellent overall rating. Many local agents and offices mean convenience and fast service for its customers.

This insurer offers a multitude of options that aren’t usual in home insurance coverage.  Reimbursement for occurrences of ID theft and credit card fraud, for example, are just a couple of options that Nationwide offers its policyholders. If you live within the rules and regulations of a particularly unforgiving HOA and suffer a covered loss that makes it necessary to rebuild your home, Nationwide will offer legal help if you need it. It will also provide coverage for the costs of construction in compliance with HOA codes.

The Better Roof Replacement option gives you added coverage in the event that you have to buy new roofing materials to replace or repair your roof because of damage sustained from a covered loss.

Brand New Belongings is another option that is a good thing to have If you need it. This option gives you the reimbursement costs on your personal belongings if they’re destroyed or damaged after a loss. This is after depreciation. You buy replacements, send receipts to Nationwide, and then you’ll receive reimbursement minus the difference between your cost and depreciation of the items.

Farmers home insurance gets top ratings from customers for its above average number of policy perks, plus its positive feedback about online experience. The multiple positive ratings in the area of online experience are almost certainly a result of the company’s explanation of  what perks are offered along with how they can be helpful to policyholders. For anybody who is scouting around for home insurance, the perks available from an insurer may be a deciding factor in which company to choose. Here are some of the policy perks offered by Farmers:

• Deductible Declines: You’ll get $50 taken off the amount of your deductible for each year that your policy is active
• Discount if Claim Free: If it has been three years or longer since you filed a claim, you receive a discount
• Replacement Cost Guaranteed: If your home is destroyed or damaged by a covered loss, Farmers pays the whole cost of rebuilding or repairing it, no matter the cost
• Claim Forgiveness: If you haven’t filed a claim in five years or longer, your rates won’t be increased if you do file a claim
• Multi Line Policies: You’ll get up to 34% off your policy premium if you insure multiple lines, such as home and auto

Farmers gets an excellent rating of 9.3/10  from J.D. Power, and the reason it isn’t higher is its less than the national average satisfaction ratings from customers.

The United States home insurance industry has an average of 7 discounts. Allstate home insurance offers 11 discounts. This is considerably more discounts, and an important thing to take note of, because discounts can save money on your premium. I feel that Allstate’s discounts make it highly competitive with other insurers in South Carolina. A number of home insurance analysts feel the same as I do.

Allstate’s discounts include:

• Claims Free: 12 months of no claims can get you a 5% discount when you renew your policy
• Claims Forgiveness: Allstate can provide optional coverage that will prevent your premium rates from increasing if you file a claim
• Automatic Payment: If you choose to enroll in auto-pay and have your premium automatically deducted from your bank account, you receive a five percent discount
• New Home Buyer: Buy a new home and receive a discount
• Responsible Payment: Get a discount for maintaining a good payment history
• Early Payment: Purchase a new insurance policy within 7 days of renewing your old policy and you might receive a 10% discount
• Protective Device: Installing theft and fire protective devices might mean that you receive a discount
• Deductible Reward: When you take out a policy with Nationwide, $100 is taken off your deductible amount
• Bundle: If you have more than one type of insurance with Allstate, home and auto, for example, you could get as much as 25% shaved off your deductible.
• New Home: A home that was constructed recently might entitle you to a discount
• Loyalty: Renew your policy and get as much as a 10% discount

Allstate has nearly twice the average national number of discounts, with a grand total of 11 available for policyholders. Besides the common options like ID theft and credit card fraud, there are other discounts available. For instance, the option of being covered from loss or repair of riding lawn mowers, landscaping and other yard and garden items is available with Allstate.

Chubb home insurance offers the best policies for high-end homes in South Carolina. Its average cost of $1,195.00 annually is lower than the average state wide premium of $1,653.00 a year.

South Carolina home owners are happy with the special features offered by Chubb. Some of these features are: services of a property manager for a second home, high-tech property inspections, individualized claims and more. Chubb has some attractive add ons, too, such as a range of options besides its standard homeowners insurance. Things like extended coverage for replacement of home and personal belongings, coverage for water backup, coverage for breakdown of equipment, and more. You get coverage for the extended replacement cost of your home and property, even if there is depreciation since you bought it.