Fort Mill Homeowners Insurance

  • Homeowner
  • /
  • Fort Mill Homeowners Insurance

Nestled among the trees along the corner border of the Carolinas and near the banks of the Catawba River, Fort Mill shares some unique characteristics of both South and North Carolina.

While it can be considered an extended suburb of Charlotte, North Carolina, its average home and homeowners insurance prices more closely correlate with its own Palmetto State.

How Much Is Homeowners Insurance in Fort Mill, South Carolina?

If you’re getting a policy from one of the state’s top carriers, the average cost of homeowners insurance in Fort Mill will set you back about $1,298 for a $200,000 house and $1,980 for a $350,000 house.

Homeowners insurance companies that write more than $1,000,000 in premiums per year in South Carolina are required to report their average prices to the state’s department of insurance. It not only helps to compile the average prices of insurance, but it also helps to mitigate any discrepancies in premium prices through the years.

However, we at Clovered believe strongly in representing data to the fullest. So we broke down all the numbers reported by every company in Fort Mill, funneled them into an intense spreadsheet down to a granular level, and put them into a neat presentation for you. Let’s take a look.

Average Cost for Homeowners Insurance in Fort Mill, South Carolina for a $200,000 House


Allstate$1,466
Foremost$4,292
Nationwide$1,560
State Farm$1,425
Travelers$786
UPCIC$676
Average$1,298

Average Cost for Homeowners Insurance in Fort Mill, South Carolina for a $350,000 House


Allstate$2,061
Foremost$8,307
Nationwide$2,499
State Farm$1,874
Travelers$1,219
UPCIC$1,163
Average$1,980

Key Factors to Consider in Premium Pricing

The rates in this article are from the South Carolina Department of Insurance​. They reflect actual prices from insurers that write at least $1 million in premiums in the state. However, they don’t reflect policy discounts or other variations in price that may apply to your particular policy.

Claims History

The average rates were factored by utilizing data from policyholders who haven’t filed a home insurance claim in the last five years. Insurers believe a policyholder who has filed a claim is more likely to file another in the future, which poses an increased financial risk for them. So your premiums may be higher than these averages if you’ve recently filed a claim.

Credit Rating

Your credit rating is an aggregate of your outstanding debts and payment history. Insurers in most states use it as an indicator of your ability to pay your premiums on time. If you have a bad credit score (less than 600), you’ll likely pay higher premiums than someone with a fair credit score (600 to 700) or a good credit score (700+). The average rates were determined by using a fair credit score rating.

Home Construction Type

The two most common types of home construction are frame and masonry. Frame homes are built with wood, while masonry homes are made of brick or concrete. Generally, premiums on masonry homes are lower because they can withstand the elements better, even though they may have a higher replacement cost.

Breakdown of Top Insurance Companies in Fort Mill, South Carolina for a $200,000 House

As you can see from above, Universal Property & Casualty Insurance Company (UPCIC) leads the pack in average premiums. They consistently have some of the most affordable homeowners insurance prices in South Carolina, and especially in Fort Mill.

As a company that operated under the same umbrella as UPCIC, given our parent company is Universal Insurance Holdings, we’re extremely proud of our brothers and sisters over at UPCIC for consistently providing some of the best homeowners insurance in South Carolina at the best prices.

Remember when we said we broke down the numbers into a granular level? Yup, here comes the first round of granularity that matters. The following average prices are determined by the age of your home, and whether it was constructed from brick (masonry) or wood (frame). Let’s take a deeper dive into the numbers.

Average Homeowners Insurance Premiums for a $200,000 House (1-34 Years Old)

Company

Allstate
Foremost
Nationwide
State Farm
Travelers
UPCIC
Average

Frame

$1,317
$4,590
$1,424
$1,427
$738
$671
$1,280

Masonry

$1,227
$3,993
$1,184
$1,281
$700
$587
$1,157

Average

$1,272
$4,292
$1,304
$1,354
$719
$629
$1,219

Average Homeowners Insurance Premiums for a $200,000 House (35+ Years Old)

Company

Allstate
Foremost
Nationwide
State Farm
Travelers
UPCIC
Average

Frame

$1,729
$4,590
$2,001
$1,577
$877
$771
$1,557

Masonry

$1,590
$3,993
$1,632
$1,416
$828
$673
$1,389

Average

$1,660
$4,292
$1,816
$1,496
$852
$722
$1,378

It’s Time to Switch Your Homeowners Insurance

We partner with the nation’s top homeowners insurance companies so you can get a custom policy at an affordable price.

Breakdown of Top Insurance Companies in Fort Mill, South Carolina for a $350,000 House

We realize housing costs have gone through the roof in recent years, so we didn’t want to simply break down the numbers for a $200,000 house. We want to be all-encompassing in our efforts to bring you the truest representation of premiums for homeowners insurance in Fort Mill, South Carolina.

That’s why we also broke down the numbers for a $350,000 house to the same granular level we did as before. Let’s take a look at what you can expect to pay for homeowners insurance if your house is worth $350,000.

Average Homeowners Insurance Premiums for a $350,000 House (1-34 Years Old)

Company

Allstate
Foremost
Nationwide
State Farm
Travelers
UPCIC
Average

Frame

$1,856
$8,887
$2,275
$1,877
$1,137
$1,156
$2,014

Masonry

$1,699
$7,727
$1,893
$1,685
$1,082
$1,008
$1,817

Average

$1,778
$8,307
$2,084
$1,781
$1,109
$1,082
$1,808

Average Homeowners Insurance Premiums for a $350,000 House (35+ Years Old)

Company

Allstate
Foremost
Nationwide
State Farm
Travelers
UPCIC
Average

Frame

$2,460
$8,887
$3,208
$2,074
$1,365
$1,329
$2,425

Masonry

$2,228
$7,727
$2,621
$1,862
$1,293
$1,158
$2,161

Average

$2,344
$8,307
$2,914
$1,968
$1,329
$1,244
$2,151

What Does Home Insurance in Fort Mill, South Carolina Cover?

Home insurance in Fort Mill, South Carolina covers more than you may think. Your policy doesn’t just begin and end with the walls of your home. It also covers your most precious belongings inside your home and many relevant belongings kept outside.

In addition, it can cover things on your property, existential crises that can occur on it and a multitude of other things. The coverages are too extensive to list in a single paragraph, so we’ll break down all the coverages for you.

Dwelling: This is the actual structure of your home, including things that are built into it or attached to it and deemed necessary. So dwelling coverage extends to things like your home’s roof, the windows, doors, flooring, hot water heater and so much more.

Things like your home’s air conditioning units, the entire HVAC system for that matter, and electrical wiring are also covered under the dwelling portion of your policy.

Other Structures: This provides coverage for any structures on your property that aren’t attached to your home, such as sheds and even treehouses. Other structures coverage also extends to your home’s fencing.

The amount of coverage you receive is typically 10% of your home’s dwelling coverage, which is the amount your house is actually insured for. So homeowners with a $350,000 house may have up to $35,000 in coverage for the structures on their property if they need to file a claim for damage.

Personal Property: This coverage is applied to your personal belongings, such as your furniture, clothes and electronics. You need to have as much coverage as the value of all your possessions combined.

It’s also important to note that jewelry and expensive items have coverage limitations that may need to be addressed on a policy-by-policy basis.

Loss of Use: This coverage protects your finances if your home sustains enough damage that you must temporarily move out during the claims process. In this instance, your policy would likely reimburse you for many additional living expenses, including temporary housing of an equivalent value.

Liability: This is designed for those existential crises we mentioned earlier. If someone is injured on your property, you accidentally cause damage to someone else’s property or your dog bites someone — and you’re found liable for any reason — liability coverage can kick in and help save the day.

It can help pay for medical expenses, repair costs and even legal fees if the other affected party decides to sue you. The standard amount of coverage is usually $250,000 per claim, but you can typically get all the way up to $1 million in coverage before you need to go outside the box and secure an umbrella insurance policy.

Medical Payments: Similar to the aforementioned liability portion, medical payments to others coverage can help pay for minor medical expenses if someone is injured on your property — whether or not you’re found liable.

What Affects the Home Insurance Rates in Fort Mill?

Plenty of internal and external factors affect the average homeowners insurance cost in Fort Mill. Something like the number of claims you’ve filed in the past can have a major impact on the premiums you pay.

While something else, like whether or not you have a centrally monitored home security system, can knock off a few dozen dollars from your premiums.

One of the things that come into play, and is utilized by the South Carolina Department of Insurance in its average premiums calculator, is the use of credit scoring in premium prices. While this number is utilized in borrowing methods, it can also be a good indicator of how reliable one can be in the payment of premiums.

How to Get a Quote for Homeowners Insurance Fort Mill

Getting a homeowners insurance quote is easy as ever with Clovered. Our online quoting platform is simple to use, extremely intuitive and can compare the premiums of some of the state’s top insurers, so you get the best policy at the best price.

We’re always here to help. If you’d rather speak to a licensed agent on the phone, just call 833-255-4117 Monday through Friday from 8:30 a.m. to 6 p.m. Or you can email us anytime at agent@clovered.com.

It’s Time to Switch Your Homeowners Insurance

We partner with the nation’s top homeowners insurance companies so you can get a custom policy at an affordable price.

Flood Insurance Rates and Zones in Fort Mill

Since Fort Mill is located near the banks of the Catawba River, it’s known for flooding. Unfortunately, homeowners insurance doesn’t cover flooding. You’ll need a separate South Carolina flood insurance policy to ensure your home is protected on all fronts.

The great news is that flood insurance in Fort Mill usually doesn’t cost more than a few hundred dollars per year. And with the average flood damage leaking up to $25,000 per claim, your premiums will be pennies compared to what you’d spend when a flood does happen.

Stay Above Water With Flood Insurance

Do you want to pay for costly and common flood damage yourself or have an insurance policy pick up the tab?

Homeowners
It's Time to Switch Your Homeowners Insurance

We partner with the nation's top homeowners insurance companies so you can get a custom policy at an affordable price.

The editorial content on Clovered’s website is meant to be informational material and should not be considered legal advice.

Scroll back to Top