South Carolina variant. This is a South Carolina-specific version of the Homeowners Insurance Estimator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Homeowners Insurance Estimator.
Homeowners insurance in South Carolina typically runs about 0.30%–0.40% of home value per year. On the $295,000 median home, that's roughly $1,033 annually.
What South Carolina homeowners insurance covers
Premiums fund dwelling coverage, personal property, liability, and loss of use. South Carolina's $295,000 median home value sets the baseline dwelling coverage and therefore the premium.
Local risk - wildfire, hurricane, hail, flood - drives big swings. Flood is separately insured. Use the estimator to refine the South Carolina average for your build cost and deductible.
About taxes and housing in South Carolina
South Carolina levies a graduated income tax with a top marginal rate just above 6%.
South Carolina has one of the lowest effective property tax rates in the country, near 0.56%, with median home values around $295,000.
South Carolina's economy features automotive and aerospace manufacturing, port logistics in Charleston, and coastal tourism.
Worked example: $295,000 home
$295,000 × 0.35% ≈ $1,033/year ($86/month). Replacement-cost coverage, not market value, ultimately sets the premium - land value is excluded.
Quick reference
- State income tax: 0-6.2% across 3 brackets
- State sales tax: 6% (plus 1.50% avg local)
- Median home value: $295,000
- Median household income: $63,623
- Effective property tax rate: 0.56%
- Avg auto insurance: $1,655/yr
Frequently Asked Questions
How much is homeowners insurance in South Carolina?
Roughly $1,033/year on the $295,000 median home, varying with local catastrophe risk.
Does homeowners insurance cover floods in South Carolina?
No - flood coverage is purchased separately through the NFIP or private insurers.