Average homeowners insurance cost in Charleston, SC

Why you can trust Insure.com

Quality Verified

At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry.

The average cost of homeowners insurance in Charleston is $3,979 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), based on Insure.com’s rate data analysis. It’s $1,475 more than the national average of $2,504.

However, homeowners insurance rates can vary drastically from one home to another. Home insurance rates in Charleston depend on a number of factors, including:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To make sure you are getting the best deal on home insurance, it is important to get quotes from multiple insurers to find the right coverage for your needs. Read this guide to know how much homeowners insurance cost per month in Charleston, home insurance cost for different dwelling coverage, also know which companies offer cheap home insurance in Charleston.

In this guide, we will explain everything from what coverage options are available to which companies have the cheapest rates for homeowners insurance in Charleston.

Key takeaways

The cost of your homeowners insurance policy in Charleston can vary based on factors such as your location, the value of your home, and the coverage options you select.
State Farm is the cheapest homeowners insurance company in Charleston with an average annual premium of $2,522.
If you increase your dwelling coverage from $200,000 to $300,000, you will pay $860 more, annually for home insurance.

Average homeowners insurance cost in Charleston per month

Charleston homeowners pay an average of $332 a month, based on our rate analysis. It’s $110 more than the state average of $222 and $123 more than the national average for home insurance across the United States. The price of your homeowners insurance policy in Charleston may vary depending on where you live, the value of your home, and the coverage you choose.

Average homeowners insurance cost for a $200,000 house in Charleston

The average cost of homeowners insurance in Charleston, SC is $3,119 annually for the dwelling coverage of $200,000 and the liability protection of $100,000. The amount you pay for home insurance each year depends on many different things. The types of natural disasters or events that take place in your area affect how much you pay for coverage in your city.

Some areas are more at risk for natural disasters, like flood, hurricanes, or tornadoes. This means that if something happens, the cost of rebuilding would be higher in those areas, thereby leading to higher insurance premiums. Your insurance policy might not cover damage caused by floods or hurricanes. So, if you live in a flood-prone area, consider buying flood insurance coverage.

Average homeowners insurance cost for a $300,000 house in Charleston

According to Insure.com’s rate analysis, homeowners in Charleston typically pay an average of $3,979 annually for a home insurance policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, your home insurance rates will rise by $860. It is advisable to purchase enough insurance to cover the entire cost of rebuilding your home. The required amount of dwelling coverage can vary based on factors such as the size of your home, its features, and the cost of living in your area.

Average homeowners insurance cost in Charleston by company

After evaluating several carriers, State Farm is the least expensive homeowners insurance provider in Charleston. It’s average annual rate for homeowners in Charleston is $2,522.

Allstate holds the second position, while Auto-Owners secures the third spot with an average annual home insurance rate of $3,431.

Researching the insurance company is crucial before selecting a homeowners insurance policy. Our experts have analyzed all insurance providers in Charleston and compiled a list of the cheapest home insurance providers. Below, you’ll find the home insurance companies in Charleston and their average annual premiums.

Home Insurance Company	Annual rate
Allstate	$2,814
Auto-Owners	$3,431
Progressive	$3,681
Farmers	$5,194
South Carolina Farm Bureau Mutual	$6,873
Travelers	$9,187
State Farm	$2,522
USAA*	$3,448

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Charleston for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.