Wednesday, November 5, 2008

S.C. Auto Insurance Rates

The average auto insurance expenditure in South Carolina remains below the national average according to a recent study released by the National Association of Insurance Commissioners. South Carolina drivers on average spend $756.11 per year on auto insurance which is $61 less than the national average of $817.11 according to the latest study from 2006 just released. The average expenditure estimates what consumers in South Carolina spent, on average, for auto insurance in 2006.

The South Carolina General Assembly passed legislation requiring an increase in the minimum amounts of liability insurance coverage which took effect January 1, 2007. Act 395 requires drivers to carry liability coverage in amounts of no less than $25,000 of bodily injury per person, $50,000 of bodily injury per accident and $25,000 of property damage coverage (usually written as 25/50/25).

Neighboring States

Georgia $788.08

Florida $1,069.38

North Carolina $596.39

Virginia $684.52

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