Rock Hill Homeowners Insurance

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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.

How Much Is Homeowners Insurance in Rock Hill, South Carolina?

The average cost of homeowners insurance in Rock Hill is about $1,380 for a $200,000 house and $2,138 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.

Average Cost for Homeowners Insurance in Rock Hill, South Carolina for a $200,000 House


Allstate$1,139
Foremost$3,317
Nationwide$1,279
State Farm$1,468
Travelers$3,336
UPCIC$674
Average$1,380

Average Cost for Homeowners Insurance in Rock Hill, South Carolina for a $350,000 House


Allstate$1,599
Foremost$6,428
Nationwide$2,043
State Farm$1,933
Travelers$5,317
UPCIC$1,160
Average$2,138

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.

Further Cost Breakdown of Home Insurance in Rock Hill, South Carolina for a $200,000 House

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.

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

Company

Allstate
Foremost
Nationwide
State Farm
Travelers
UPCIC
Average

Frame

$1,053
$3,545
$1,153
$1,470
$3,299
$670
$1,312

Masonry

$980
$3,088
$1,003
$1,320
$2,905
$585
$1,189

Average

$1,017
$3,317
$1,078
$1,395
$3,102
$628
$1,251

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

Company

Allstate
Foremost
Nationwide
State Farm
Travelers
UPCIC
Average

Frame

$1,315
$3,545
$1,597
$1,624
$3,802
$769
$1,552

Masonry

$1,207
$3,088
$1,363
$1,458
$3,339
$672
$1,392

Average

$1,261
$3,317
$1,480
$1,541
$3,570
$721
$1,472

Further Cost Breakdown of Home Insurance in Rock Hill, South Carolina for a $350,000 House

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.

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

Company

Allstate
Foremost
Nationwide
State Farm
Travelers
UPCIC
Average

Frame

$1,482
$6,874
$1,834
$1,937
$5,248
$1,154
$2,059

Masonry

$1,352
$5,982
$1,596
$1,737
$4,619
$1,005
$1,860

Average

$1,417
$6,428
$1,715
$1,837
$4,934
$1,080
$1,960

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

Company

Allstate
Foremost
Nationwide
State Farm
Travelers
UPCIC
Average

Frame

$1,873
$6,874
$2,555
$2,138
$6,070
$1,326
$2,409

Masonry

$1,690
$5,982
$2,186
$1,918
$5,329
$1,156
$2,156

Average

$1,782
$6,428
$2,371
$2,028
$5,700
$1,241
$2,282

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.

What Does Home Insurance in Rock Hill Cover?

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: This is the structure of your home, including things that are built into it or attached to it and deemed necessary. Dwelling coverage extends to things like your home’s roof, the windows, doors, flooring, hot water heater and also the major systems in your home, like the air conditioning unit, HVAC system and electrical wiring.

Other Structures: Other structures coverage is geared to protect any structures on your property that aren’t attached to your home, such as sheds, carports, detached garages and 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 $250,000 house may have up to $25,000 in coverage for the structures on their property if they need to file a claim for damage.

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: If a covered peril did damage or destroy your home and you’re forced to temporarily move out while it’s being repaired or rebuilt, loss of use coverage will become your best friend. It’s designed to help pay for additional living expenses incurred due to the temporary displacement.

Coverage can apply to things like a temporary rental home of equivalent value, storage fees, pet boarding and so much more.

Liability: Liability coverage is designed to help cover medical bills and legal fees if someone is injured on your property and you’re found liable, damage you cause to another home, or if your dog bites someone on or off the property.

Things like a tree falling from your yard onto your neighbor’s roof can be covered. As can incidents like your dog biting someone off your property. Coverage typically comes standard at $250,000 per claim, but high-net-worth individuals are encouraged to purchase supplementary umbrella coverage to extend their maximums.

Medical Payments: Similar to the 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 Homeowners Insurance Rates in Rock Hill?

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.

How to Get a Quote From the Best Rock Hill, South Carolina Insurance Agents

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.

The Importance of Flood Insurance in Rock Hill

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.

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.

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