If you are looking for the best auto insurance companies for South Carolina, we’ve got some resources to help. There are, of course, some qualifiers. One is how you define a car insurance company as the best. Another is which car insurance companies have the highest reported customer satisfaction. We’ll use several sources to arrive at the best auto insurance companies for South Carolina. The rest is up to you.
South Carolina Department of Insurance – The first place to start is right with the state of South Carolina Department of Insurance. The website has useful information on finding auto insurance as well as brochures, comparison guide, facts and tips. Checking out the Auto Premium Comparison Guide shows several of the top auto insurance companies in South Carolina and comparison rates for standard as well as non-standard insurance. While each situation is different, a review of the companies listed shows competitive premiums for Geico, Liberty Mutual, State Farm and Allstate.
J.D. Power and Associates – Another important consideration for the best car insurance companies for South Carolina is which ones have the highest overall customer satisfaction, as measured by an independent third-party. The annual J.D. Power and Associates 2010 U.S. National Auto Insurance Study provides a good look at the best-rated car insurers across five factors: interaction, policy offerings, billing and payment, price, and claims. Checking their list, the top car insurance companies (doing business in South Carolina, although they may be headquartered elsewhere) are Amica Mutual, State Farm, and Geico. Amica Mutual is the JDPA award winner, and State Farm and Geico each have a four-circle JDPA rating. Allstate, American Family Group, Liberty Mutual, MetLife, Nationwide and Progressive each have a three-circle JDPA rating.
Big Names, Big Market Share – Some consumers will go with a household name, one that friends and relatives also use for their car insurance. Nationally, there are six companies that account for 53.9 percent in direct written premium total in 2008. These include:
- State Farm – 17.8 percent U.S. market share
- Allstate – 11.0 percent market share
- Geico – 7.7 percent market share
- Progressive – 7.2 percent market share
- Farmers – 5.5 percent market share
- Nationwide – 4.7 percent market share
For more tips on car insurance, visit our section on car insurance where you can get additional tips and insurance quotes.
Bottom line: Do your research to find the best auto insurance companies for South Carolina. Be sure to ask for all available discounts to get the best rate possible.