Florence Insurance Rates:

Florence, SC home insurance is approximately $687 to $934, about $57-$77/month. Our exhaustive analysis shows customers can save upto $324 by getting multiple quotes

Compare Quotes from Top Providers and Save now!

Florence, South Carolina Homeowners share details on the best home insurance providers. You too can compare from the same companies & get a great deal.

Florence Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
American Family Insurance
Home Insurance Rate of $320/4 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $165,000

3 Beds, 3 Baths 2140 sqft Primary Residence Constructed In 1993 with Linoleum, Membrane Roof, Slab Foundation, Brick siding, Stucco Construction. Home Features Include Fire Extinguisher, Central Air Conditioning, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

73 Years old Divorced Female who is Unemployed and has 3 Pets and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • Up to 499 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $180/1 month for $400000-$500000 Coverage
Policy Holder Home Details :

Home Value : $355,000

5 Beds, 5 Baths 4510 sqft Rental Property Constructed In 1990 with Stone Flooring, Tile Roof, Crawl Space Foundation, Stone Siding, Wood Frame. Home Features Include Swimming Pool, Fireplace, Copper Water Pipes, Central Air Conditioning, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

26 Years old Married Female who has a Part Time Job with household income of $25-50,000 and has 3 Pets and is a Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • Up to 499 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $650/6 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $290,000

4 Beds, 4 Bath 3000 sqft Vacation Property Constructed In 2012 with Wood Flooring, Shingles Roof, Slab Foundation, Stucco siding, Brick Frame. Home Features Include Deadbolt Locks, Fire Extinguisher, Swimming Pool, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

51 Years old Married Female who has a Full Time Job with household income of less than $25,000 and has 1 Pet and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 550-599 Credit Score

  • Guests at home

Home Insurance Rate of $1210/8 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $195,000

3 Beds, 3 Bath 1990 sqft Seasonal Residence Constructed In 2003 with Hardwood Flooring, Composition Roof, Slab Foundation, Wood siding, Metal Frame Construction. Home Features Include Indoor Sprinklers, Swimming Pool, Deadbolt Locks, Central Air Conditioning, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

39 Years old Married Female who is Unemployed with household income of less than $25,000 and has No Pets and is a Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • Up to 499 Credit Score

  • Seniors staying at home

Home Insurance Rate of $950/5 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $260,000

5 Beds, 5 Bath 3390 sqft Vacation Property Constructed In 2002 with Stone Flooring, Metal Roof, Slab Foundation, Fiber-Cement Siding, Metal Frame Construction. Home Features Include Fire Extinguisher, Fireplace, Swimming Pool, Smoke Alarm, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

43 Years old Divorced Female who has a Part Time Job with household income of less than $25,000 and has 1 Pet and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 800-850 Credit Score

  • Guests at home

Home Insurance Rate of $1590/6 months for $350000-$400000 Coverage
Policy Holder Home Details :

Home Value : $325,000

5 Beds, 5 Baths 4110 sqft Vacation Property Constructed In 1973 with Carpet over wood flooring, Asphalt Shingles Roof, Chainwall Foundation, Wood siding, Metal Frame Construction. Home Features Include Copper Water Pipes, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

61 Years old Divorced Male who has a Part Time Job with household income of $25-50,000 and has More than 3 Pets at home and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 650-699 Credit Score

  • Guests at home

Home Insurance Rate of $430/7 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $160,000

4 Beds, 4 Bath 2220 sqft Vacation Property Constructed In 1990 with Linoleum, Composition Roof, Piers Foundation, Stucco siding, Wood Frame. Home Features Include Smoke Alarm, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

68 Years old Single Female who has a Part Time Job with household income of less than $25,000 and has More than 3 Pets at home and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 800-850 Credit Score

Home Insurance Rate of $200/4 months for $75000-$100000 Coverage
Policy Holder Home Details :

Home Value : $100,000

3 Beds, 3 Baths 1270 sqft Vacation Property Constructed In 2011 with Carpet over wood flooring, Membrane Roof, Piers Foundation, Stone Siding, Brick Frame. Home Features Include Central Air Conditioning, Smoke Alarm, Copper Water Pipes, Fireplace, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

67 Years old Single Male who is Unemployed with household income of less than $25,000 and has More than 3 Pets at home and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 700-749 Credit Score

  • Guests at home

Home Insurance Rate of $520/6 months for $150,000-$175,000 Coverage
Policy Holder Home Details :

Home Value : $190,000

4 Beds, 4 Baths 2334 sqft Primary Residence Constructed In 1953 with Wood Flooring, Metal Roof, Chainwall Foundation, Fiber-Cement Siding, Stucco Construction. Home Features Include Fire Extinguisher, Copper Water Pipes, Central Air Conditioning, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

61 Years old Single Male who is Unemployed with household income of less than $25,000 and has 2 Pets and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 550-599 Credit Score

  • Guests at home

Florence, SC Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
29501 $149,200 $830
29505 $148,800 $820

Florence Rates & Quotes Analysis:

Florence Area Estimated House Insurance
Ingram St, State Rd S-21-771, State Rd S-21-1356, S 1st St, S Pine Acres Dr, Charles St, State Rd S-21-1285, Oxford St, N Aiken Dr, Chase St$803
Hickory Grove Cir, Lawson St, Williamsburg Cir, Heard St, Sun Vue Dr, N Buncombe Rd, Carrigan Ct, Wilson St, State Rd S-21-1320, S Murray Hill Rd$798
N Williamson Rd, State Rd S-21-921, State Rd S-21-1504, W Piccadilly Dr, Sherwood Dr, Mears Dr, Creamoor Ln, State Rd S-21-858, State Rd S-21-174, Magnolia Dr$793
Harvard Way, Hoffmeyer Rd, York St, Steel Rd, Abandon Rd, W Freight Rd, Colchester Pl, W Evans St, State Rd S-21-1083, Brickhill Dr$791
State Rd S-21-1101, Gilbert Dr, E Lanford Rd, State Rd S-21-1084, N Coit St, State Rd S-21-257, Spanish Oak Dr, E Vista St, W Waverly St, Cemetery St$801
E Campbell St, Canberra Pl, Author Dr, Mae Dr, N Carnaby Cir, Carroll Dr, State Rd S-21-29, McKeithan Rd, Longbranch Rd, State Rd S-21-1387$837
N Edisto Dr, Edwards Cir, State Rd S-21-546, Hicks Ln, Oakmont Ave, State Rd S-21-1301, Anson St, E Suena Dr, King David Dr, 3rd Loop Rd$864
July Aly, Waccamaw Dr, Pinckney Ave, State Rd S-21-1189, E Marlboro St, Ridgeland Dr, Claremont Ave, Monterey Dr, Ivanhoe Dr, Texas Rd$826
Furches Ave, Sandra Ter, W Swinney Dr, Key Largo Ct, McMillian Ln, N Buckingham Rd, N Sunset Dr, State Rd S-21-1386, Whitehall Shores Rd, S Fairview St$836
Tennyson Ct, Bishop Dr, Pisgah Rd, Larkspur Rd, State Rd S-21-836, State Rd S-21-1055, E Marion St, S Hanover Rd, State Rd S-21-981, W Lindburg St$817

Insurance rates are influenced by a number of factors including:

  • Year Built: 6,600 Homes (21% of total homes ) built between 1970 to 1979 in Florence are paying home insurance between $1,313-$1,325. Places close to Florence, SC such as Horry County, Stateburg, Socastee are more expensive by $24, $28, $13 respectively while Quinby and Darlington are cheaper by $11 and $40 respectively for similar homes.
  • Bedrooms: 4,336 4 bedrooms homes (14% of total homes ) in Florence are paying about $1,012 compared to Danwood (+$7), Horry County (+$26), Stateburg (+$30), Quinby (-$9) and Darlington (-$16).
  • Auto Insurance Bundling: 7,157 Households (41% of all households) in Florence have 2 vehicles available and when it is bundled with home insurance you can save $162 compared to Quinby ($160), Danwood ($161), Darlington ($157).
  • Senior Discounts: 8,754 seniors (more than 55 years) occupied housing units (51% of total) in Florence get discounts between $121 to $123 and differs from Quinby ($120), Danwood ($121), Darlington ($117).
  • New Homes discounts: New homes such as the 13,166 homes built between 2000 to 2009 in Florence can save $162 compared to Quinby ($160), Danwood ($161), Darlington ($157).

Florence Homeowners insurance Facts

  • Florence, SC has 17,069 owner occupied houses which is 62.2% of all units whereas Quinby, Danwood and Darlington have 89.21%, 75.99% and 70.88% respectively.
  • Florence, SC homeowners yearly insurance price at $810 is 0.6% of the typical house value of $135,000 which is in contrast with 0.67% in Quinby, 0.61% at Danwood & 0.98% in Darlington.
  • Homeowners in Florence, SC pay 1.08% of their income ($75,000 or more) in insurance whereas homeowners in Quinby, Danwood and Darlington pay 1.07%, 1.08% and 1.05% respectively.
  • Florence, SC’s insurance is 5.8% of monthly housing costs of $1,164/month, for owners with a mortgage compared to 5.67% in Quinby, 6.08% at Danwood & 7.06% in Darlington. But, for households without a mortgage, insurance is 19.9% of costs ($339 in Florence, SC) in contrast with 19.74% in Quinby, 23.65% at Danwood & 20.64% in Darlington.

Florence, SC Home Values & Insurance rates

For example, insurance for 965 Homes (6.0% of total homes ) valued between $90,000 to $99,999 in Florence, SC is about $567. Rates in nearby areas in such as Proctorville, Conway, Horry County are cheaper by $75, $8, $98 respectively while Quinby and Danwood are costlier by $67 and $7 respectively for similar homes.

Florence, SC Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 1,457 9.0% $145
$50,000 to $59,999 704 4.0% $307
$60,000 to $69,999 691 4.0% $388
$70,000 to $79,999 800 4.0% $445
$80,000 to $89,999 953 5.0% $502
$90,000 to $99,999 965 6.0% $567
$100,000 to $124,999 2,246 14.0% $656
$125,000 to $149,999 1,799 11.0% $818
$150,000 to $174,999 1,703 10.0% $972
$175,000 to $199,999 963 6.0% $1117
$200,000 to $249,999 1,493 9.0% $1352
$250,000 to $299,999 1,253 7.0% $1652
$300,000 to $399,999 1,015 6.0% $2097

Renters Insurance in Florence

  • Average Renters Insurance in Florence :  $187($15/month)

  • Median Gross Rent in Florence :  $687

  • Florence Renters Insurance to Median Rent Ratio:  2.18%

  • Renter occupied housing units in Florence :  10,391

Florence Renters Insurance as a Percentage of Rent

Florence Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 192 2.0% $346
$200 to $299 405 4.0% $796
$300 to $499 1,046 10.0% $1246
$500 to $749 4,417 46.0% $1921
$750 to $999 2,245 23.0% $2671
$1,000 to $1,499 976 10.0% $3796
$1,500 or more 235 2.0% $5446

Rent Affordability in Florence:

Approximately 42.0% (4,398) of households are spending more than 35% of their income on gross rent in Florence

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 1,114 10.0%
15.0 to 19.9 percent 1,303 12.0%
20.0 to 24.9 percent 1,703 16.0%
25.0 to 29.9 percent 895 8.0%
30.0 to 34.9 percent 978 9.0%
35.0 percent or more 4,398 42.0%

Florence Renters Insurance Discounts:

Florence Renters Insurance Discounts by Number of Vehicles in Renter Occupied Housing Units

Number of Vehicles in Florence, SC Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 5,454 52.0% $18.7
2 vehicles available 2,494 24.0% $28.05
3 or more vehicles available 576 5.0% $37.4

Florence Senior Citizen Discounts:

Age Senior Occupied Housing Units % of Total Discount offered
55 to 59 years 813 7.0% $68
60 to 64 years 430 4.0% $54
65 to 74 years 773 7.0% $44
75 years and over 465 4.0% $34

Protective device discount in Florence Up to :  $28

Claims-free discount in Florence Up to :  $37