Greenwood, SC Car Insurance

The average cost for car insurance in Greenwood is about $92 a month. For more information refer to our guide below.
How do rates in Greenwood measure up compared to neighboring areas, including South Carolina as a whole? How much can residents of Greenwood expect to pay for their car insurance? Discover the factors that go into calculating the average cost in our writeups and charts below:  

How much is car insurance in Greenwood?

Area Average Monthly Car Insurance Premium
Greenwood$92
SC$104
United States$81

Car insurance coverage in Greenwood is about $12 cheaper than it is in the rest of South Carolina.

If you're considering relocating to Greenwood from out of state, you may want to budget a little extra for your insurance. It's around $11 more expensive for coverage in Greenwood than the average rates seen in the rest of the U.S.

Keep in mind that while these are the average car insurance rates for Greenwood, it isn't guaranteed that it's what you'll pay. Insurance companies take in a variety of factors when determining how much to charge you for coverage. The final dollar amount you'll be asked to pay each month is calculated off of factors such as your age, gender, vehicle make and model, driving record, and in some areas, your credit score.

But worry not, we've done the heavy lifting and broken down the average rate for Greenwood to help you understand what exactly you might be asked to pay. And if you're not sure that you're paying the lowest option, simply enter your ZIP below and find out!

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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18Not Enough Data
18-24$153
25-34$94
35-44$85
45-54$77
55-64$71
65+$61

It's pretty safe to assume that the older you are, the longer you've been driving, right? When it comes to car insurance bills, that experience can help put some change back into your pocket. According to the table above, you can see that 18-24-year-olds pay two times the price that someone who is at retirement age.

For every 10 years, you can expect to see a drop in your monthly premium. Once you hit retirement, however, you may see your rates begin to go back up in Greenwood.

Average Car Insurance Rates by Gender

Gender Average
Male$95
Female$90

Female drivers pay, on average, slightly less than their male counterparts. The difference in Greenwood is around $5 a month. Based on the chart above, you can see that male drivers pay $95 on average, while female drivers typically pay $90 each month.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$114
Multiple Accidents$149
1 Ticket$128
Multiple Tickets$160

Rates can change drastically depending on your driving record. Those with clean records can expect to pay much less than those with infractions. In Greenwood, drivers with one accident on their record will experience rates around $114 a month. Likewise, if you have one ticket, you'll be looking at an average rate of around $128.

When it comes to your monthly bill, accidents, tickets, and other driving infractions can really take a toll. So, if cheap car insurance is something you're after, drive safely and keep a clean record.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$88
2-3 Years$120
4-5 Years$101
6-7 Years$85
8-10 Years$101
11-14 Years$95
15 Years or Older$85

The cheapest vehicles to insure in Greenwood are usually trucks and vans, with each type typically costing about $80 per month.

Car owners, on the other hand, by and large pay around $96 per month, while SUV drivers can expect to pay about $88 a month for insurance.

In addition to vehicle type, you can also expect to see slightly different rates depending on your vehicle's age. Generally, newer vehicles are going to cost the most to insure. However, your rates may start to drop back down once your car is close to 5 years old. In Greenwood, vehicles two-to -three years old are the most expensive to insure.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$95
Married$82
Divorced$67
Widowed$56

Overall, car insurance is slightly cheaper for married policyholders. This can usually be attributed to their policies having multiple vehicles, a factor that will often get you a discount.

On a national scale, married drivers typically pay less than single drivers for auto insurance. Greenwood is no exception, with the difference totaling to around $13 a month.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$84
Rent$92
Live with parents$130

One other element taken into consideration is your living situation. Drivers who own property in Greenwood can expect to pay around $8 a month less than those who rent. But if you live with your parents, your rates will be significantly higher.

Many companies, however, will offer you a discount to bundle your home or rental insurance with your auto insurance policy, which can help reduce your car insurance costs.

Car Insurance Companies in Greenwood, SC

Recent trends in car insurance for Greenwood drivers

Since car insurance rates are constantly changing, it's a good idea to know the local trends in your area before choosing an insurance provider.

Car insurance rates in Greenwood went up from 2017-2018, before leveling out in 2019. Insurance rates began increasing again in 2020, and finished down in 2022, at $109 per month

How does Greenwood compare to neighboring areas?

Why are car insurance rates in Greenwood different from other areas?

There are several factors car insurance companies take into consideration when choosing how much to charge for coverage. While we've discussed the ones that affect your personal policy, others are based around your home address. These include things like:

  • Amount of off-street parking
  • Road Safety (total number of local car accidents)
  • Community regulations
  • Total number of drivers
  • Rate of crime

It's good to be aware of these factors (even though you may not be able to do much to change them) as you shop for a new policy or consider making a move. Different cities and towns will each have different rates, so guides like these are a handy way to learn more.

How can I find the cheapest car insurance in Greenwood?

Familiarizing yourself with patterns in the average costs of drivers like you will give you a leg up in conversations with insurance companies. Ultimately, the only way to know exactly what your rate will be is by requesting a quote from those car insurance companies.

Luckily, Compare.com will handle the heavy lifting for you. Put in your ZIP Code below, respond to a few questions, and you'll be comparing the cheapest quotes from a bulk of the car insurance companies offering coverage in Greenwood.

Compare the cheapest quotes from dozens of insurance companies

Greenwood Insurance FAQs

What factors affect car insurance quotes in Greenwood?

Auto insurance companies take a wide array of factors into consideration when calculating your monthly payment. These include things like your vehicle's year, make and model, your age and gender, as well as your driving record, credit score, marital status, and address.

Why is the cost of car insurance in Greenwood different from other neighboring cities?

Car insurance companies take local factors into consideration when determining how much to charge for coverage. Things like local laws, parking situations, and crime rates -- which can vary from city to city -- can significantly affect your rate.

Which car insurance company will offer me the cheapest rate in Greenwood?

There isn't one company that will offer the cheapest rate to everybody. What companies will charge you are based on many different factors that vary from person to person, such as your driving record, what kind of car you drive, how many drivers will be on your policy, and a number of other factors. Because of this, it's a good idea to use sites like Compare.com to compare multiple quotes at once. That way, you can be confident you're getting the best price.

Do I need to change my insurance if I move to Greenwood?

Whenever you relocate or experience another major life event, such as getting married or finding a new job, you should consider re-evaluating your current insurance policy. By using services like Compare.com to compare quotes from multiple companies at once, you can be sure to capture any new savings brought about by your new situation.

Do I need to wait for my policy to expire to switch to a different car insurance company?

No. In fact, you can swap companies at any point, regardless of how much time is left on your current coverage. So, whether you're moving to Greenwood or just curious about rates in your area, why not take 10 minutes to see if Compare.com can save you money?

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