Homeowners Insurance in Rock Hill, South Carolina (2024)

The average cost of homeowners insurance in Rock Hill is about $1,863 for a $200,000 house and $2,886 for a $350,000 house. That’s right on par with the state’s average, but many factors are at play in determining the premium price you’ll pay.

Every year, the top insurance companies in the state are required to submit their rates to the South Carolina Department of Insurance. To give you the best representation of how much you can expect to pay for homeowners insurance in South Carolina, we compiled all those rates in a gigantic spreadsheet, analyzed and averaged all the numbers and then formatted them into this article.

The numbers are based on a static policyholder that has fair credit and hasn’t filed a home insurance claim in at least 5 years. The dynamic elements include whether the home was constructed within the last 35 years or not, and what type of construction the home was built from. Let’s take a baseline look at the premiums.

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.

The numbers above indicate the average for all homes in each price range. Those include a combined numerical value for both frame and masonry and homes constructed within the past 35 years or not. But dissecting those variables can give us an even better indication of the price you may pay.

Masonry homes are less susceptible to weather damage because the material it’s constructed from (either brick or concrete) can hold up better to immediate harsh weather and general deterioration through time.

Homes that were built less than 35 years ago are also more likely to have newer electrical, plumbing and HVAC and 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. Let’s take a look at the prices you can expect to pay for those categories of homeownership.

The numbers for a $350,000 house align with the aforementioned numbers, but they’re even a bit better from a percentage ratio. However, the same variables are still at play, with the age of the home and its construction type being the most important factors in getting a realistic average premium.

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, 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. 

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.

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.

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 [email protected].