Average homeowners insurance cost in Columbia, SC

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In Columbia, homeowners pay an average annual rate of $2,272 (for the coverage level of $300,000 for dwelling, $100,000 for liability protection, and $1,000 deductible), according to Insure.com’s rate analysis. It’s $232 less than the national average of $2,504.

Homeowners insurance rates change from one home to another. The home insurance premium in Columbia depends on various factors, such as:

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

To ensure you secure the best homeowners insurance policy, compare quotes from multiple insurers, enabling you to find the right coverage that aligns with your specific requirements.

Read this guide to learn how much homeowners insurance costs monthly in Columbia, what home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Columbia.

Key takeaways

In Columbia, homeowners insurance costs $2,272 annually.
Allstate offers the most affordable homeowners insurance in Columbia with an average annual premium of $1,497.
If you increase your dwelling coverage from $200,000 to $300,000, your annual home insurance premium will be $524 higher.

Average homeowners insurance cost in Columbia per month

According to Insure.com’s rate analysis, residents of Columbia pay an average of $189 per month for homeowners insurance. This is $33 less than the state average of $222 and $20 less than the national average for home insurance across the United States. The cost of your homeowners insurance policy in Columbia can vary depending on your location, property value, and selected coverage options.

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

Homeowners insurance for dwelling coverage of $200,000 and liability protection of $100,000 costs $1,748 per year in Columbia, SC. Numerous factors influence your annual home insurance rates, including any natural disaster or event in your locality. For instance, certain regions have a higher risk of natural calamities such as floods, hurricanes, or tornadoes, implying higher expenses for rebuilding in these areas. These increased rebuilding expenses result in increased insurance premiums.

It is important to note that your insurance plan may not cover flood or hurricane damages. So, if you reside in an area prone to flooding, consider buying flood insurance coverage.

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

According to a rate analysis by Insure.com, homeowners in Columbia pay an average of $2,272 per year for a $300,000 house. These rates are for the coverage limits of $100,000 for liability protection and $1000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $524 more a year for home insurance. It would be best to buy enough insurance to cover the full cost of rebuilding your home.

However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.

Average homeowners insurance cost in Columbia by company

Among the carriers analyzed, Allstate is the most affordable homeowners insurance company in Columbia. It’s average annual rate for homeowners in Columbia is $1,497.

State Farm, ranks second and Auto-Owners makes it to the third spot with an average annual home insurance rate of $1,873.

Research on the company is essential before selecting a homeowners insurance policy. Insure.com has thoroughly examined all insurance companies operating in Columbia and compiled a list of the most affordable home insurance companies.

Below are details of Columbia home insurance companies and their average annual premiums.

Home Insurance Company	Annual rate
Allstate	$1,497
State Farm	$1,720
Auto-Owners	$1,873
South Carolina Farm Bureau Mutual	$2,571
Farmers	$3,406
Travelers	$5,587
Progressive	$2,187
USAA*	$1,440

Methodology

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