Charleston ,SC Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Charleston, SC homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Charleston, SC is $2059. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Charleston, SC. VHome Insurance will help you navigate the world of homeowners insurance coverages in Charleston, SC.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $824 |
| $200,000 | $1,400 |
| $300,000 | $1,730 |
| $400,000 | $2,636 |
| $500,000 | $3,315 |
Home insurance costs in Charleston can vary greatly based on location. The frequency of claims in your area can affect the cost of your policy. Simply put, the location of your home can significantly impact your homeowners insurance premium.
| Zipcode | Average Insurance Premium |
|---|---|
| 029404 | $1,751 |
| 29401 | $2,658 |
| 29403 | $2,077 |
| 29412 | $1,954 |
| 29407 | $1,933 |
| 29414 | $1,887 |
| 29420 | $1,809 |
| 29418 | $1,768 |
| 29405 | $1,770 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Charleston, SC, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $2,111 |
| $1000 Deductible | $1,888 |
| $1500 Deductible | $1,781 |
| $2500 Deductible | $1,606 |
| $5000 Deductible | $1,359 |
| Home Insurance Company Near Charleston, SC | Homeowners Insurance Agency Near Charleston, SC | Address |
|---|---|---|
| Liberty Mutual Independent | King Street Agency | 557 King Street Second Floor, Charleston, SC, 29403 |
| State Farm | Mark Ensley | 2301 Bacons Bridge Rd, Summerville, SC, 29485-4425 |
| Travelers | Pinckney Carter Company | 1956 REMOUNT RD, NORTH CHARLESTON, SC, 29406 |
| Travelers | W Lee Taylor Jr Agcy Inc | 100 S MAIN ST STE P, SUMMERVILLE, SC, 29483 |
| Travelers | Absolute Insurance Agency Llc | 435 OLD TROLLEY RD, SUMMERVILLE, SC, 29485 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Charleston County, South Carolina | $129 | $172 | $258 |
| Charleston Central CCD, Charleston County, South Carolina | $143 | $190 | $285 |
| West Ashley CCD, Charleston County, South Carolina | $128 | $170 | $255 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Charleston, SC | 4.1% | 13.7% |
| Charleston County | 4.25% | 14.93% |
| Charleston Central | 3.63% | 11.51% |
| West Ashley | 4.38% | 14.88% |
| Charleston Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 434 | 1.0% | $321 |
| $200 to $299 | 915 | 4.0% | $771 |
| $300 to $499 | 1,572 | 6.0% | $1221 |
| $500 to $749 | 3,685 | 16.0% | $1896 |
| $750 to $999 | 6,123 | 26.0% | $2646 |
| $1,000 to $1,499 | 6,921 | 30.0% | $3771 |
| $1,500 or more | 3,180 | 13.0% | $5421 |
| Streets in Charleston Area | Homeowners Insurance Cost |
|---|---|
| Lucia St, Richardson Corner Ln, Blessing Ln, Crossfield Ln, Clements Ferry Rd, Sailmaker St, Bannerhill Rd, Raccoon Run, Delahow St, Postal Crescent Ct | $834 |
| Radford Ln, Pierce St, Memes Way, Island Club Dr, State Rd S-8-29, Wandering Rd, Brady St, Royal Assembly Dr, Bruceridge Ln, Barfield St | $1,016 |
| Fogarty Ln, Barbados Dr, Cherry Tree, Comesee Ln, Driftwood Ln, Advantage Ln, Gunboat Ln, Creek Side Way, Cainhoy Landing Rd, Hwy 98 | $844 |
| Guerins Bridge Rd, River Walk Ct, Brown Pelican Dr, Rivers Edge Way, Restless Cove Ln, Privateer Ln, Area Way, Harbor Mist Ct, Hillridge Rd, Hidden Bottom Ln | $841 |
| Bear Ln, Dalton St, Reflectance Rd, Jervey Point Rd, Thrift Ln, Ball Ln, Bradbury Ln, Coxroost Ln, Give Away Ln, Bulline St | $851 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Charleston | $129 to $132 |
| Charleston County | $129 |
| Charleston Central | $142 |
| West Ashley | $127 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,600 | $4,600 |
| Yearly Charleston Homeowner Insurance Premium Example | $2,000 | $1,500 |
| Out of Pocket Expense During Claim | $1,600 | $4,600 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $17,600 | $16,600 |
| Net Savings to Charleston Home Owner from High Deductible Plan | $1,000 | |
| Scenario | Charleston, SC Home Replacement Value MORE than Home Value | Charleston, SC Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $731,500 | $472,500 |
| Insurance Premium based on Replacement Value | $5,200 | $3,350 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $90,000 | Risk Exposure from Under Insuring Coverage is $169,000 |
| Premium Impact | Insurance cheaper by $1,200/year | Insurance costlier by $650/year |
| Insurance Company | Amica Mutual Insurance Company | Chubb Group of Insurance | Travelers |
| Monthly Premium | 101 | 62 | 96 |
| Year Built | 2011 | 1984 | 1944 |
| Home Details | 5 Beds, 3 Baths | 2 Beds, 1 Baths | 4 Beds, 2 Baths |
| Coverage Amount | $200000-$250000 | $125000-$150000 | $200000-$250000 |
| Deductible | $5000 to $10,000 Deductible | $5000 to $10,000 Deductible | $5000 to $10,000 Deductible |