Homeowners Insurance in Fort Mill, South Carolina (2024)

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.

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 $1,752 for a $200,000 house and $2,673 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.

The rates in this article are sourced from the South Carolina Department of Insurance. The top 25 insurer groups by national premium volume were required to submit their annual rates, while other companies opted to do so voluntarily. The sample rates are for a homeowner with no insurance claims in the past five years and an average credit score.

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.

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.

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.

Coverage A, or dwelling coverage, extends protections to things like your home’s roof, windows, flooring, doors, hot water heater, air conditioning unit, electrical system, and more. In sum, it protects the components that make up the structure of your home.

This coverage, also called other structures coverage, can help you protect the things on your property like your fence, pool, carport, detached garage, and more. Essentially, it covers the structures that are on your property but aren’t attached to your home, hence its name. 

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 $300,000 house may have up to $30,000 in coverage for the structures on their property if they need to file a claim for damage.

Personal property coverage, or Coverage C, can help you protect your personal belongings stored on your property. Whether you’re a minimalist or a maximalist, your possessions, however few or many, are covered by this component of your policy. It can help you pay to repair or replace things like your guitar, air fryer, couch, bed frame, vintage jewelry, and so much more. 

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.

This component of your policy, also referred to as loss of use 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, storage fees, gasoline, and other necessities. 

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, or Coverage E, 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.

Similar to liability coverage, but different enough to be its own component of your policy, Coverage E, or medical payments to others coverage, can help you pay for minor medical expenses following a guest’s injuries on your property. Different from liability coverage, it can be invoked regardless of fault. 

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.

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.

Getting a homeowners insurance quote is as 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 [email protected].