Homeowners Insurance in Rock Hill, South Carolina

Tucked in the north corner of South Carolina near the North Carolina border, the city of Rock Hill shares some characteristics of both states. But even though it’s considered to be in the Charlotte metropolitan area, Rock Hill, the fifth largest city in the state, shares homeowners insurance premiums with its home state.

On average, home insurance in Rock Hill, South Carolina, costs about $1,331 annually. That’s about 19% below the state’s average of about $1,641 annually, but many factors are at play in determining the specific premium price you’ll pay.

Insurers consider many facts about you, your home, and your policy when determining your rates, as they use these factors to calculate your risk of filing a claim. If you’re at an above-average risk of filing a claim, you may see above-average premiums to compensate for that risk.

For example, the construction type of your home may affect your premiums. Masonry homes are less susceptible to weather damage because the material (either brick or concrete) can hold up better to immediate harsh weather and general deterioration through time when compared to a frame (wooden) home.

Additionally, your home’s age can play a part in your premium cost. Homes that were built less than 35 years ago are also more likely to have newer electrical, plumbing and HVAC systems as well. All those things help decrease the probability of needing to file a claim, which leads to less risk for the insurer and lower premiums for the policyholder.

Many internal and external factors contribute to homeowners insurance rates. Some of the controllable factors include the amount of coverage you enroll in and your deductible levels. The more coverage you have, the higher your premiums. Adversely, the higher your deductible, which is the amount you pay out of pocket for a claim before your insurer steps in, the lower your premiums.

The age, construction type and replacement cost of your home fall in between controllable and uncontrollable. The more expensive the home, the more money a homeowners policy will cost. The location you choose is also a driving factor, driving rates up for higher crime areas and lower the closer you are to a fire department.

Similarly, the insurer you choose will also affect your rates. Insurers offer different rates to policyholders depending on their policies, discounts, extra coverages, and other factors. Take a look at some average rates from a few of the top insurers in Rock Hill to see how their premiums differ. 

Homeowners insurance in Rock Hill, South Carolina, covers your house, property, belongings and finances from a variety of damages. To get coverage to kick in, the damage must have been caused by a covered peril. There are 10 named perils covered under an HO-1 policy, which is the most basic homeowners insurance.

The type of home insurance policy you have determines which perils are covered. For instance, an HO-3 policy covers 16 perils, and an HO-5 can cover even more. The most commonly covered perils are things like wind damage from hurricanes and tornadoes, hail storms, theft or vandalism and house fires.

Dwelling coverage, or Coverage A, helps you protect the elements of your home like the HVAC system, electrical wiring, windows, walls, floors, roof, and more. In short, it protects the things that make up the structure of your home.

Other structures coverage, or Coverage B, can safeguard the things on your property like your fence, shed, carport, and detached garage. It’s to be used to repair or replace the structures on your property that aren’t attached to your home. 

Personal property coverage, or Coverage C, can help you protect a long list of belongings you store on your property. It can help you repair or replace items like your lawn equipment, patio furniture, indoor furniture, tools, electronics, and more. 

Loss of use coverage, or Coverage D, may be used if your home is significantly damaged and you and your family are temporarily displaced. It can help cover expenses for necessities, like pet boarding, temporary lodging, and groceries, among other things.

Personal liability coverage, or Coverage E, can help you pay for medical expenses and legal fees if you’re found liable for a guest’s injuries on your property or damage to someone else’s property. For example, it may help you pay for the expenses related to injuries someone may suffer if your dog bites someone on or off your property. 

Medical payments coverage, or Coverage F, can help you cover medical expenses for a guest’s minor injuries incurred on your property. It’s similar to Coverage E, but will only cover medical expenses and can be used regardless of fault. 

Due to its location near the Catawba River and all the runoff streams in the area, most of Rock Hill is classified as an AE flood zone. That’s a high-risk zone, meaning homeowners have a high probability of sustaining flood damage to their home at least once during the life of their mortgage. In fact, anywhere it can rain, it can flood.

The good thing is that you can help mitigate the risk of paying out of pocket for damages by investing in a South Carolina flood insurance policy. They’re much more affordable than homeowners insurance, and will likely only set you back a few hundred dollars per year.

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.