HomeInsuranceQts

Home Insurance in South Carolina

South Carolina's median home value is $259,000.

The typical home in South Carolina was built around 1992. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 12% of homes were built before 1960.

In South Carolina, the housing stock is 68% single-family homes, 13% apartments in buildings with 5+ units and 14% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.

In South Carolina, about 57% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.

About 72% of occupied homes in South Carolina are owner-occupied. The vacancy rate is 13%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.

Most homes in South Carolina - 71% - are primarily heated with electricity.

In South Carolina, the statewide average premium for a standard HO-3 homeowners policy is $1,753 per year (NAIC, 2023 data).

Key figures

Median home value$259,000
Median year built1992
Owner-occupied share72%
Share of owner-occupied homes with a mortgage57%
Home insurance premium$1,753 - statewide average (NAIC, 2023 data)

Counties

Sources