South Carolina's 2026 Insurance Rates: Cuts and Stable Rates Await Consumers
South Carolina's insurance landscape for 2026 is taking shape. While some details remain unclear, key rate changes have been announced.
The state's insurance director has given the green light to a reduction in mortgage rates for property insurance. However, who approved keeping the surcharge for credit insurance at the 2025 level remains unknown.
Turning to the new rates, automobile collision - single interest will see a rate of 1.67% in 2026. Other rates are set to decrease by 10% for the upcoming coverage period. For household goods - dual interest, the 2026 rate is 0.50%, and for automobile, fire and theft - single interest, it's 0.45%.
In a surprising move, the 2026 rate for household goods - single interest coverage will remain at the 2025 level, bucking the trend of general rate drops.
While South Carolina's insurance scene for 2026 is largely defined, some specifics, such as the approval for maintaining the 2025 surcharge for credit insurance, are still pending clarification. Consumers can, however, expect a mix of rate cuts and stable rates for the coming year.
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