Spartanburg ,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 Spartanburg, 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 Spartanburg, SC is $1845. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Spartanburg, SC. VHome Insurance will help you navigate the world of homeowners insurance coverages in Spartanburg, SC.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $738 |
| $200,000 | $1,255 |
| $300,000 | $1,550 |
| $400,000 | $2,362 |
| $500,000 | $2,970 |
Home insurance costs in Spartanburg 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 |
|---|---|
| 029306 | $1,720 |
| 29302 | $1,785 |
| 29307 | $1,761 |
| 29301 | $1,757 |
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 Spartanburg, SC, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,892 |
| $1000 Deductible | $1,692 |
| $1500 Deductible | $1,596 |
| $2500 Deductible | $1,439 |
| $5000 Deductible | $1,218 |
| Home Insurance Company Near Spartanburg, SC | Homeowners Insurance Agency Near Spartanburg, SC | Address |
|---|---|---|
| Nationwide | John E Reitz Jr | 1601 Cedar Lane Rd 10 Centre West Plaza, Greenville, SC, 29617-2338 |
| Liberty Mutual Independent | Lindey Insurance Agency Inc | 123 E MAIN ST, DUNCAN, SC, 29334 |
| Liberty Mutual Independent | Peoples Choice Ins & Financial Services | 403 W CHEROKEE ST, BLACKSBURG, SC, 29702 |
| State Farm | Sandra Gladden | 139 Bridges Rd, Mauldin, SC, 29662-1604 |
| State Farm | Terry White | 237 Chesnee Hwy, Gaffney, SC, 29341-2706 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Saxon CDP, South Carolina | $115 | $153 | $230 |
| Arcadia CDP, South Carolina | $116 | $154 | $231 |
| Spartanburg County, South Carolina | $120 | $160 | $240 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Spartanburg, SC | 6.1% | 21.2% |
| Saxon | 8.42% | 21.01% |
| Arcadia | 9.6% | 29.45% |
| Spartanburg County | 5.97% | 22.61% |
| Spartanburg Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 636 | 3.0% | $350 |
| $200 to $299 | 893 | 5.0% | $800 |
| $300 to $499 | 2,355 | 13.0% | $1250 |
| $500 to $749 | 6,496 | 38.0% | $1925 |
| $750 to $999 | 4,279 | 25.0% | $2675 |
| $1,000 to $1,499 | 1,929 | 11.0% | $3800 |
| $1,500 or more | 471 | 2.0% | $5450 |
| Streets in Spartanburg Area | Homeowners Insurance Cost |
|---|---|
| Watkins St, S Gray Beaver Ct, Laurel Bluff, S 687, S 824, Harley Dr, Brisack Rd, S 787, Gerow Ave, Hidden Springs Rd | $788 |
| South Carolina Ave, Sawgrass Ct, Henderson St, Foxcross Rd, Pine Ridge Ct, Leah Dr, Pebblebrook Ct, Bradford Dr, Lucille Ct, S 1767 | $784 |
| Sloans Grove Rd, Longleaf Rd, Usher Ct, E Park Ave, State Rd S-42-4297, State Rd S-42-2275, West St, Keswick Farm Rd, Soft Breezes Ln, State Rd S-42-9740 | $835 |
| W Lee St, Caulder Ave, Winsmith Ave, Tyler Ct, Splawn Town, Rambling Ridge Dr, Inglewood Ave, Rocking Horse Ln, Frontage Rd, Wells St | $794 |
| Vermillian Dr, Woodley Rd, Dewey Ave, Springwood Dr, Caulder Cir, Alpine Trl, W Blackstock Rd, Rip Rap Dr, Strange Ct, Berry Rd | $794 |
| Jeff Davis Dr, Danbury Ct, Lynn Rd, Wheeling Cir, Julia St, Mary Ella Dr, Camp St, Edgebrook Ct, S Liberty St, Culdass Ct | $800 |
| Brown Rd, Dr O C Kirkland Ter, Alice St, Friar Tuck Rd, Franklin Ave, Parkdale Dr, Blanche Cir, Countryside Cir, Farragut Dr, Woodwind Dr | $786 |
| Driftway Pl, Folsom St, Stonecrest Dr, Winsmith Ave, Marrivale Ln, Grant Cir, Mailbu Dr, Exxon Rd, Kearse Ct, French St | $786 |
| Hannon Ct, Hale St, Graham Rd, Brandermill Rd, Serpentine Dr, Watson Rd, N Town Dr, S 686, Anderson Dr Exd, Walker St | $785 |
| Silverton St, S Summit Crest Ct, Chasander St, Cloverleaf Ln, Loche Adele Dr E, Manning St, N Thompson St, Charlevoix St, S 906, S 88 | $788 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Spartanburg | $120 to $122 |
| Saxon | $115 |
| Arcadia | $116 |
| Spartanburg County | $120 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,500 | $2,500 |
| Yearly Spartanburg Homeowner Insurance Premium Example | $1,000 | $800 |
| Out of Pocket Expense During Claim | $1,500 | $2,500 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $9,500 | $8,900 |
| Net Savings to Spartanburg Home Owner from High Deductible Plan | $600 | |
| Scenario | Spartanburg, SC Home Replacement Value MORE than Home Value | Spartanburg, SC Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $60,000 | $42,000 |
| Insurance Premium based on Replacement Value | $400 | $275 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $5,500 | Risk Exposure from Under Insuring Coverage is $12,500 |
| Premium Impact | Insurance cheaper by $100/year | Insurance costlier by $25/year |
| Insurance Company | Allstate | Chubb Group of Insurance | Travelers |
| Monthly Premium | 51 | 95 | 88 |
| Year Built | 2008 | 1991 | 2010 |
| Home Details | 3 Beds, 2 Baths | 4 Beds, 3 Baths | 5 Beds, 4 Baths |
| Coverage Amount | $100000-$125000 | $125000-$150000 | $150000-$175000 |
| Deductible | $2500-$5000 Deductible | $500 Deductible | $500 Deductible |