South Carolina Auto Insurance Rates Below National Average
Monday, December 14th, 2009
According to the article “Report: SC Auto Insurance Premiums Still Below National Average” found on WCIV.vom, South Carolina drivers pay about $761.81 per year on auto insurance compared the national average of $794.98.
These findings are based on the report completed by The National Association of Insurance Commissioners. South Carolina auto insurance continues to be below the national average according to this just released study. In January of 2007 the South Carolina General Assembly passed a law requiring an increase in the minimum for liability insurance coverage. A survey by South Carolina Insurance News estimates the new law caused drivers’ rates to go up by about 7-20%, but even with this increase SC residents still have very affordable auto insurance quotes.
Allison Dean Love, the Executive Director of the South Carolina Insurance News Service believes that having the proper liability coverage is crucial because of rising medical costs as well as higher costs to repair cars that may be damaged in collisions.
