Best and Cheapest Renters Insurance South Carolina Has to Offer as Rated by Customers in 2021
Renters insurance helps you recover from a loss in your apartment. It’s often misunderstood as people think their items are covered under their landlord’s insurance policy, but they aren’t. While the structure of your apartment or building is covered by the landlord’s policy, your own personal belongings aren’t covered without your own renters insurance policy in South Carolina.
So if you want to ensure you’re properly covered while renting, it’s important to find one of the best South Carolina renters insurance companies. But where do you start? In the table above, you can sort through all the renters insurance companies ranked on Clearsurance. The rating next to each company — the insurer’s Clearsurance score — is based exclusively on the thousands of ratings provided by customers. Note: Only those companies with at least 25 renters insurance reviews are eligible to appear in the best South Carolina renters insurance rankings.
Interested in learning more about one of the companies on the list of the best renters insurance companies in South Carolina? You can visit the company’s profile page to find more information about the company and read reviews to learn from the experiences of other policyholders.
On this page:
- South Carolina renters insurance rates
- Average cost of renting in Columbia
- Average cost of renting in Charleston
- Renters insurance for South Carolina college students
- South Carolina property crime statistics
Out of the most popular companies in South Carolina, Auto-Owners offers the cheapest South Carolina renters insurance rates, on average.
On average, South Carolina renters insurance costs about $170 per year. When shopping for renters insurance in South Carolina, it’s helpful to know that while rates depend on factors specific to you and your apartment, they also depend on which company you choose. Some companies may offer renters insurance in South Carolina for a cheaper rate than others. In the table below, you can see average annual South Carolina renters insurance rates from some of the largest companies in the state.
|Company||Average renters insurance rates|
|South Carolina Farm Bureau||$241.14|
*USAA is only available to former and active military members and their families.
These average renters insurance rates are based on a policy with $30,000 in personal property coverage (with a $500 deductible), $100,000 in personal liability and $1,000 in medical payments to others. The rates displayed should only be used for comparative purposes as individual rates in South Carolina will differ. Rate data is provided by Quadrant Information Services.
In Columbia, South Carolina, rent costs an average of $1,003 per month. The cost of rent in Columbia can vary based on factors including your apartment's location and size.
Columbia is a city located in the center of South Carolina along the Broad River. It’s the capital and most populous city in the state. Although the average monthly cost of rent in Columbia is $1,003, the price of rent can vary based on location and the size of the apartment. For example, it costs an average of $1,728 per month for rent in Downtown Columbia while it costs an average of $738 per month for rent in Dutch Square.
On average, a studio apartment in Columbia costs $766 per month, a one-bedroom apartment costs $786 per month and a more spacious three-bedroom apartment costs $1,227 per month.
In Charleston, South Carolina, rent costs an average of $1,287 per month. The cost of rent in Charleston can vary based on factors including your apartment's location and size.
Charleston is a popular city in South Carolina. It’s location on the coast makes it a charming city with many beaches. It’s made up of some mainland and a number of islands. Although the average cost of rent in Charleston is $1,287 per month, the cost of rent may vary based on location. For example, apartments in the Gadsden Green neighborhood cost an average of $2,313 per month while apartments in the Rosemont neighborhood cost an average of $1,042 per month.
Another factor that affects the cost of rent in Charleston is the size of the apartment. On average, smaller studio apartments cost $1,193 per month, one-bedroom apartments cost $1,172 per month and three-bedroom apartments cost $1,582 per month. While renting in Charleston you may want to consider a renters insurance policy to protect your personal items from damage and loss caused by disasters like a hurricane. Keep in mind that a standard renters insurance policy usually doesn’t include flood insurance coverage.
If you’re attending a college or university in South Carolina, you may be renting an apartment located off campus. There are a few things for college students renting housing in South Carolina to consider in order to protect their personal belongings.
Typically, college students who live in dorms located on the college campus are covered by their parents homeowners insurance policy. That’s usually only the case for students who live on campus, though. College students in South Carolina who rent apartments off campus should consider a renters insurance policy because their items won’t be covered under their parents’ policy, and without a renters insurance policy, they won’t have any protection.
College students will most likely have roommates in the apartment they rent. It’s not advised that students share renters insurance policies with roommates. Rather, each student should have their own renters insurance policy to protect their own belongings.
Theft and vandalism or malicious mischief are among the 16 perils a standard renters insurance policy protects you from. So, how does crime in South Carolina compare to other states around the country? The FBI published the following statistics on crime in South Carolina for 2016:
- Property crime - 160,928
- Burglary - 32,976
- Larceny theft - 114,032
When compared to the national average rate per 100,000 inhabitants, all three crime statistics for South Carolina rank above the national average.
How to save money on your renters insurance in South Carolina
While renters insurance may be more affordable than other types of insurance, no one wants to pay more than they have to. So what are the different ways that you can lower your South Carolina renters insurance premium and have some extra spending money?
Here are the top 5 ways to save on your renters insurance:
- Raise your deductible
- Ask about potential discounts
- Bundle your policies
- Determine the value of your personal property
- Pay in full by check
How Clearsurance rates and ranks the best renters insurance companies in South Carolina
Consistent with its mission towards greater transparency, Clearsurance does not keep its rating and ranking formulas in a black box. Our algorithm analyzes a range of inputs from our independent community of insurance customers, including:
- Customer Service
- Claim service
- Likelihood to renew
The algorithm also takes into account the percentage of what customers say the company does well vs. the percentage of what customers say the company could do better.
The Clearsurance customer ratings and rankings are derived entirely from customer reviews and ratings.
Renters insurance guide
As we mentioned above, there’s common misconceptions regarding what is and isn’t covered by a renters insurance policy. Before you purchase a policy from one of these best renters insurance companies in South Carolina, it’s important to understand what your policy covers. For example, did you know that many renters insurance policies include liability protection in the event a non-resident is injured on the property. Plus, if your apartment becomes uninhabitable from an incident, some policies may cover your expenses as you find temporary housing in SC.
We want to make sure you’re equipped with a proper knowledge of renters insurance, so check out our renters insurance guide. Looking for more educational information about renters insurance? Check out our renters insurance blog for more information and topics related to renters insurance.