The average home insurance rates in Myrtle Beach, SC, is $829 per annum. This translates to about $58 to $79 per month. Vhome’s analysis shows homeowners in Myrtle Beach can save up to $331 by comparing rates and reviews of insurance companies.
Liberty Mutual has been in the insurance market long enough to understand the requirements of homeowners to provide the most reasonable quotes to meet their needs. Liberty Mutual quoted an insurance rate of $600 on a policy coverage ranging between $250,000 to $300,000, for a deductible of $1000.
Grange employs independent agents who work closely with homeowners to create a home insurance policy that covers all requirements at the most reasonable insurance cost. Grange quoted an insurance rate of $740 on a policy coverage ranging between $300,000 to $350,000, for a deductible of $1000.
Homeowners, who have a policy with GEICO, pay an insurance rate of $1,440 on a policy coverage of $250,000-$300,000, provided, they choose to pay a deductible rate of $500. Homeowners can reduce their insurance costs by opting for a high deductible. GEICO also provides discounts for homes installed with security systems, smoke alarms, and fire extinguishers.
Vhome’s analysis reveals, homeowners who have a policy with State Farm, pay an insurance rate of $1,620 on a policy coverage ranging between $250,000 to $300,000, for a deductible of $1500. State Farm provides discounts on home insurance based on factors such as (but not limited to) the age of the home, home security, and claims history, all of which make it one of the cheapest home insurance providers in Myrtle Beach.
Farmers quoted an insurance rate of $1,850 on a policy coverage of $150,000-$175,000, for a deductible of $2,500. Farmers reduce the deductible amount by $50 every year as long as the policy remains active. In addition to this, homeowners will receive a substantial discount if they have not filed a claim for three consecutive years.