Greenville Homeowners Insurance

Nestled in the pines and closer to the Georgia border than the Atlantic Ocean, the city sees fewer major-weather storms than its coastline counterparts.

That’s why the average cost of homeowners insurance in Greenville is much less than in many other major cities in the state. Let’s take a look at what you can expect to pay to insure your house.

The average cost of homeowners insurance in Greenville, South Carolina is about $1,280 for a $200,000 house and $1,980 for a $350,000 house. But Universal Property & Casualty Insurance Company (UPCIC) is leading the pack of affordable homeowners insurance premiums with averages at $598 for a $200,000 house and $1,027 for a $350,000 house.

The price you pay depends on a multitude of factors, but your home’s construction type and value are arguably the most defining factors that have the biggest impact on the bottom line. Let’s take a look at the baseline averages of what you can expect to pay for homeowners insurance in Greenville.

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.

The South Carolina Department of Insurance requires insurers that write more than $1,000,000 in premiums in the state to submit a sampling of their average prices. Those prices are determined by the aforementioned factors, but can be broken down even more by the construction type of your home.

As you can see, homeowners with a masonry concrete-based home typically pay less for homeowners insurance because their houses are less susceptible to damage by heavy windstorms like tornadoes and hurricanes. But the average premiums aren’t too off.

What really separates premium prices is the age of your home. Older homes may have been put through the wringer a bit more, and are less inclined to hold up to major damage. Plus the electrical, plumbing and HVAC systems may be getting near the end of their life, which could cause some unexpected misfortunes.

We’ve broken down the numbers based on the most common construction type of the average home, and then we got even more granular by basing it on the age of your home. Let’s take a look at the numbers.

As you can see from above, the average homeowners insurance in Greenville, South Carolina isn’t going to cost you an arm and a leg. In fact, compared to the national average, it’s right on par. Again, that’s because of Greenville’s strategic positioning inland, above 1,000 feet above sea level and 200 miles away from the sea.

The numbers for a $350,000 house are on par with the national average as well, coming out to $1,818 per year for a home built within the last 34 years and $2,142 per year for a home built more than 34 years ago. Let’s dig even further into those average premiums you can expect to pay.

Allstate is a major player in the insurance game in Greenville. But, as you can see from the numbers, they don’t always offer the best premiums. However, they’re more popular for auto insurance.

Home insurance in Greenville covers much more than your house. It protects your finances in a few scenarios, your possessions and, well, let’s just take a look at the six different coverage types and what they include.

Dwelling: The dwelling portion includes coverage for things attached to or built into your home. Examples include your home’s roof, major systems (think HVAC, plumbing and electrical), floors, doors and windows.

Other Structures: Other structures coverage kicks in to protect structures on your property that aren’t attached to your home. These are things like fences, sheds, detached garages and carports.

Coverage typically maxes out 10% of your home’s dwelling coverage per claim. So a house that’s worth $300,000 that has $300,000 in coverage (your dwelling coverage should always at least match your home’s value), would likely have $30,000 in other structures coverage.

Personal Property: Personal property coverage applies to all your personal belongings. These are things like furniture, electronics, lawnmowers, clothing and jewelry. Although jewelry, collectibles and other abstract items or high-value items are likely covered differently.

Loss of Use: Loss of use coverage protects you in the short- or long-term if your home is damaged and deemed uninhabitable. In the event you must temporarily move out, it can cover additional living expenses you wouldn’t have otherwise incurred.

These are things like storage fees, extra gas or tolls for a longer commute, restaurant bills because you can’t cook and even a rental home of equivalent value.

Liability: 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.

Although mobile homes are a type of house and they’re owned and can be financed through a mortgage, home insurance for mobile homes differs from a traditional home. Mobile homes may be far less expensive than a traditional house, but they can also sustain much more damage from natural disasters.

For those reasons, some home insurance companies strictly stray away from insuring mobile homes in large part due to the risk of an exponential number of claims.

Bundling home and auto insurance in Greenville, South Carolina can save you hundreds of dollars, but only a few insurers and agencies can offer the ability to bundle.

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.

Homeowners insurance doesn’t cover flooding, so you’ll need a separate flood insurance policy for that. Fortunately, getting a South Carolina flood insurance policy is extremely easy. All you need to do is fill out our online quoting form and one of our licensed flood insurance agents will get back to you with a policy that fits your needs and your budget.