Home Insurance in South Carolina
South Carolina homeowners pay an average of $1,942/year for homeowner's insurance — near the national average compared to the national average of approximately $1,700/year.
Primary Risks in South Carolina
The main home insurance risk factors in South Carolina are: Hurricane, flooding, tornado. South Carolina's coastline (Myrtle Beach to Hilton Head) faces significant hurricane risk. The state expanded Medicaid in 2023, one of the later expansion states.
What Standard Home Insurance Covers in South Carolina
- Dwelling: Repairs or rebuilds your home structure after a covered loss
- Personal Property: Replaces furniture, electronics, clothing, and belongings
- Liability: Covers injuries that occur on your property
- Additional Living Expenses (ALE): Pays for temporary housing if your home is uninhabitable
Coverage Gaps to Watch in South Carolina
Standard homeowner's policies in South Carolina typically do not cover flood damage (requires separate NFIP or private flood policy) . Review your policy carefully for exclusions relevant to South Carolina's risk profile.
Frequently Asked Questions
How much is home insurance in South Carolina?
The average annual home insurance premium in South Carolina is $1,942/year. Your actual rate will vary based on your home's age, size, construction type, location within South Carolina, your claims history, and coverage amounts. Use our calculator above to estimate your cost.
What are the biggest home insurance risks in South Carolina?
The primary risks driving home insurance costs in South Carolina are hurricane, flooding, tornado. South Carolina's coastline (Myrtle Beach to Hilton Head) faces significant hurricane risk. The state expanded Medicaid in 2023, one of the later expansion states.
Does home insurance in South Carolina cover flood damage?
No. Standard homeowner's insurance policies — including those in South Carolina — do not cover flood damage. Flood insurance must be purchased separately through the National Flood Insurance Program (NFIP) or a private insurer. South Carolina has significant flood exposure — NFIP coverage is strongly recommended.
How much home insurance coverage do I need in South Carolina?
You need enough dwelling coverage to rebuild your home at current South Carolina construction costs, which can differ significantly from your purchase price or market value. Personal property coverage should equal the replacement value of your belongings. Liability coverage of at least $300,000 is recommended. Use our calculator to estimate your specific coverage needs.