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How much is car insurance in Florence?
|Area||Average Monthly Car Insurance Premium|
Car insurance policies across the rest of South Carolina are about $15 a month cheaper than the rates drivers pay in Florence.
Compared to the national average cost of auto coverage, Florence has higher rates. It's about $39 more expensive than the national average to insure your vehicle in Florence.
These rates may be the average amount Florence drivers pay for their insurance policy, but that doesn't mean it's exactly what you'll pay. There are a variety of factors that car insurance companies consider to determine how much to charge you to get your vehicle insured. Your policy's monthly price is calculated off of your age, gender, vehicle make and model, driving record, and in some cases, your credit score.
But don't worry, we've broken down the average rates for Florence residents based on several different factors so that you can get a more accurate idea of what you might pay. And if you're not sure if you're getting the cheapest rate for your area, simply enter your ZIP below and find out!
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Florence Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
The longer you've been on the road, the more experienced of a driver you are. That experience can lead to some serious savings when it comes to car insurance premiums. As you can see, 18-24-year-olds pay two times as much as drivers of retirement age.
For every ten years older you get, you can expect to see a drop in your monthly premium. You may see your rates climb back up a bit once you hit retirement in Florence.
Florence Car Insurance Rates by Gender
Female drivers pay, on average, slightly less than their male counterparts. While female drivers pay a little bit less than male drivers on their monthly auto insurance coverage, the difference in Florence is only about $2 a month.
Florence Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Your driving record can have a huge impact on your car insurance rates. Drivers with clean records will pay lower rates than those with accidents or violations. The rate for drivers in Florence with a single accident on their record is about $157 a month. Similarly, if you have one ticket on your record, you will be looking at an average rate of around $150.
Florence Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$79|
|15 Years or Older||$116|
As you can see in the first table above, the cheapest vehicles to insure in Florence are by and large SUVs, which run about $112 per month.
Truck and van drivers will see rates of about $114 for auto insurance, while car owners typically pay around $123 per month.
Depending on your vehicle's age, you can also expect to see slightly different rates. Generally, newer vehicles are going to cost the most to insure. Once your car is a few years old however, your rates may start to dip back down a bit. In Florence, the most expensive vehicles to insure are vehicles four-to-five years old.
Florence Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$125|
On average, car insurance is slightly cheaper for married policyholders. This usually boils down to owners having multiple vehicles on the same policy, something some companies will reward with discounts.
In Florence, the difference in rates based on relationship status can be as much as $28 a month.
Florence Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$127|
Another factor taken into consideration is your housing situation. If you rent your home or apartment, expect to pay around $5 a month more than those who own their own home in Florence. But if you live with your parents, your rates will be significantly higher.
Depending on your insurance company, they may offer you a discount if you bundle your home or renters insurance with your auto policy.
Car Insurance Companies in Florence, SC
Recent trends in car insurance for Florence drivers
Since average rates are constantly changing, it's a smart move to research the local trends in your area before picking an insurance policy.
In Florence, auto insurance rates rose from 2017-2018, before leveling out in 2019. Policy premiums finished up in 2022, at $134 a month
How does Florence compare to neighboring areas?
Why are car insurance rates in Florence different from other areas?
When considering how much to charge for a monthly rate, car insurance companies will consider several factors. Where you live will also have a significant impact on your personal policy. This may include things like:
- Local crime rates
- Regional laws
- Off-street parking availability
- Total drivers
- Road Safety (how many accidents each locality has)
Having an awareness of these factors is critical when thinking about buying a new policy or potentially moving to a new home. With the knowledge that different towns and cities will all have different rates, guides like these can be a good way to get a lay of the land of your particular neighborhood.
How can I find the cheapest car insurance in Florence?
Arming yourself with information about the average costs for drivers in your area will better prepare you for the real deal. The only way to know for sure what your rate will be is by asking for a quote from car insurance companies.
Don't worry, Compare.com does all of that work for you. Just punch in your ZIP Code below, answer a few questions on you and your car, and you'll be comparing the cheapest quotes from dozens of car insurance companies that offer plans in Florence.
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Florence Auto Insurance FAQs
What factors affect car insurance quotes in Florence?
Car insurance companies calculate quotes based on a wide array of factors. These include things like your age and gender, but also factors like your address, driving record, marital status, credit score, plus your vehicle's year and make and model.
Why is the cost of car insurance in Florence different from other neighboring cities?
Things like crime rates, parking situations, and local laws, which are dependent on your address and area you live in, can significantly affect the cost of insurance relative to other cities.
Which car insurance company will offer me the cheapest rate in Florence?
Since the factors that go into calculating your monthly payment vary from person to person, there isn't one company that will always offer the cheapest rate to everybody. You can be confident that you're receiving the best price possible by using sites like Compare.com to compare multiple quotes at once.
Do I need to change my insurance if I move to Florence?
Whenever you relocate or experience another major life event, such as finding a new job or getting married, you should consider revisiting your current insurance policy. Using services like Compare.com to compare quotes from multiple companies at once is a great way to make sure you're getting the cheapest rate for your new location.
Do I need to wait for my policy to expire to switch to a different car insurance company?
No, you can switch companies at any point, no matter how much time is left on your current policy. If you're thinking about moving to Florence or are wondering if you're paying the best rate for your current area, take 10 minutes and visit Compare.com to find out for sure.
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