Myrtle Beach, SC Car Insurance

On average, Myrtle Beach drivers pay around $96 a month for their car insurance. Learn more in our handy guide below.
Compared to their surrounding area, how do rates in Myrtle Beach stack up? What about against the rest of South Carolina? What can Myrtle Beach residents expect to pay for their car insurance? You can see the cost breakdowns and contributing factors in the charts and writeups below:  

How much is car insurance in Myrtle Beach?

Area Average Monthly Car Insurance Premium
Myrtle Beach$96
SC$104
United States$81

As you can see in the chart above, it is around $8 a month cheaper to insure your vehicle in Myrtle Beach than it is in the rest of South Carolina.

On the flip side, residents of Myrtle Beach might expect to pay higher rates for coverage than the rest of the country. It's about $15 more expensive than the national average to insure your vehicle in Myrtle Beach.

Bear in mind that while these are the average car insurance rates for Myrtle Beach, you could end up paying something different. There are a variety of factors that insurance companies consider when determining how much to charge you for insurance. Things like gender, vehicle make and model, driving record, age and, in some areas, credit score can all affect your policy's monthly price.

But don't worry, we've broken down average rates for Myrtle Beach residents 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!

See what you'll pay in just minutes

Average Car Insurance Rates by Age

Age Range Average Premium
Under 18Not Enough Data
18-24$160
25-34$101
35-44$89
45-54$83
55-64$73
65+$72

It's pretty safe to assume that the older you are, the more experience you have as a driver. When it comes to auto insurance rates, that experience pays off. As you can see, 18-24-year-olds pay $88 more than someone who is retirement aged.

As you get older, you can expect to see a drop in your monthly premium every 10 years. Once you hit retirement, however, you may see your rates rise again in Myrtle Beach.

Average Car Insurance Rates by Gender

Gender Average
Male$97
Female$96

On average, female drivers pay slightly less than male drivers for car insurance. The price for insurance coverage in Myrtle Beach, however, is about the same for either group.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$120
Multiple Accidents$177
1 Ticket$132
Multiple Tickets$184

One of the biggest factors in determining your car insurance rates is your driving record. Those with fewer accidents and tickets will pay significantly less than those with multiple infractions, while those with clean driving records will obviously pay the least. Drivers in Myrtle Beach with one accident will pay around $120 a month. Likewise, if you have one ticket, you'll be looking at an average rate of around $132.

Accidents, tickets, and other driving infractions can cost you some serious cash. In order to minimize your monthly rate, practice safe driving habits and keep your record clean.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$88
2-3 Years$99
4-5 Years$112
6-7 Years$100
8-10 Years$98
11-14 Years$96
15 Years or Older$93

In terms of affordable coverage, the cheapest vehicles to insure in Myrtle Beach are typically trucks and vans, at $84 per month.

Car owners will see a monthly bill of about $99, while SUV owners by and large pay around $97 a month.

Vehicle age has an impact on the cost of your policy as well. Generally, newer vehicles are going to be the most expensive to insure. Once your car is a few years old, however, you may see your bill start to shrink a bit. In Myrtle Beach, the most expensive vehicles to insure are vehicles four-to-five years old.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$103
Married$80
Divorced$75
Widowed$73

More often than not, car insurance is slightly cheaper for married policyholders. This can usually be attributed to their policies having multiple vehicles, a factor some companies will reward with discounts.

According to the table above, the difference in rates based on relationship status in Myrtle Beach can be as much as $23 a month, so it's worth taking into consideration.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$84
Rent$99
Live with parents$148

Your housing status is another component of how insurance companies calculate your monthly rate. If you rent your home or apartment, expect to pay around $15 a month more than if you own your own home in Myrtle Beach. But those who live at home with their parents can expect to pay significantly more.

That said, if you bundle your homeowners or rental insurance policy with your auto insurance, many companies will offer you a discount to make up for it and reduce your average costs.

Car Insurance Companies in Myrtle Beach, SC

Recent trends in car insurance for Myrtle Beach drivers

Average rates are constantly changing, so it's a good idea to know the direction your area is trending when choosing when and where to shop.

In Myrtle Beach, auto insurance rates had been increasing from 2017-2018 -- where they reached a high of $92 -- before leveling out in 2019. Policy premiums rose again in 2020, and finished down at $112 in 2022.

How does Myrtle Beach compare to neighboring areas?

Why are car insurance rates in Myrtle Beach different from other areas?

When considering how much to charge for an insurance policy, car insurance companies will evaluate several factors. While we mentioned the factors that affect your personal policy, others are based around where you live. These include things like:

  • Local crime rates
  • Access to off-street parking
  • Road safety
  • Regional laws
  • Number of drivers in the area

Knowing the make-up of these factors can be helpful when deciding on purchasing a new policy or thinking about making a move. Different towns and cities will all have different average rates, so guides like these are a great place to get started.

How can I find the cheapest car insurance in Myrtle Beach?

In the end, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies. Understanding what the average costs are for drivers prior to seeking out a quote can help you understand how closely the quote reflects local trends.

Good news! Compare.com does all of that work for you. Simply enter your ZIP Code below, answer a few questions, and you'll be comparing the cheapest quotes from a number of the car insurance companies offering plans in Myrtle Beach.

Compare the cheapest quotes from dozens of insurance companies

Myrtle Beach Insurance FAQs

What factors affect car insurance quotes in Myrtle Beach?

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 vehicle's year, make and model, plus your address, credit score, marital status, and driving record.

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

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

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

Since the factors that car insurance companies take into consideration when calculating the rate you might pay differ from person to person, there is no one insurance company that will offer the cheapest rate to everybody. Things like your driving record, the number of drivers on the policy, and vehicle make and model, plus a number of others, are all taken into account. Because of this, it's a good idea to use sites like Compare.com to compare multiple quotes at once.

Do I need to change my insurance if I move to Myrtle Beach?

Any major life event, whether it be moving to a new area, finding a new job, getting married, or any other notable event always presents a good opportunity to re-evaluate your current insurance policy. Regardless of your previous rate, there may be cheaper options in your new location, so it's a good idea to use services like Compare.com to compare quotes from dozens of companies side-by-side.

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

Not at all, in fact you can switch companies at any point, regardless of how much time is left on your current policy. If you're thinking about moving to Myrtle Beach or haven't checked out the latest rates in your area for some time, it might be worth your while to take 10 minutes and see if Compare.com can save you any cash.

Find your best rate in just a few minutes