Monday, August 31, 2009

South Carolina Insurance - How to Save Money

I recently spent about an hour in my Allstate agent's office. Scott Todd, an agent in North Myrtle Beach, has an assistant that really knows her stuff and taught me some things about insurance in South Carolina thatI didn't know. I'm about to tell you what I learned, and how to get the best deal on all kinds of South Carolina insurance. It's probably the same in other states as well.

Allstate - The Cheapest Car Insurance
Let me preface this article by saying that this information is for people who have nearly perfect driving records. Allstate has long been known for being THE preferred insurance for safe drivers, adult drivers, and ticket-free records.

I've been driving for more than 35 years. I've never gotten a ticket! I had a couple of very small bump-ups 20 some years ago, but didn't file a claim on them. So my record is about as perfect as it can be.

I had my insurance with Allstate in my early 20's. Then I married a guy who had a DWI. Allstate promptly cancelled my policy. That was about 1980. I can't say if they still do that, but keep reading. I went with State Farm for a while, and eventually changed to Nationwide Insurance. At that time they were the next lowest, and I stayed with them for 20 years. TWENTY YEARS, mind you! No tickets, no claims. During this time I moved from North Carolina to Myrtle Beach, SC. The price increased a bit, but not much.

My old Cavalier junkerWhat bothered me was that I had an older car. I was driving a Chevy Cavalier at the time...probably the most innocuous car that exists. It was worth about $6000. I kept collision on it. But instead of going down on the premium each year, it seemed to increase.

In approximately 2005, I started checking other companies. Geico was even higher! State Farm was the worst. I checked several independents, and then one day I called Allstate and spoke to Scott. THEY CUT MY PREMIUM IN HALF! I kid you not. Allstate was able to take me on as a brand new customer at one-half the premium of being with Nationwide for twenty-plus years with a spotless driving record. Needless to say, I switched. Some 4 years later, I'm driving a Ford Thunderbird and still very pleased with my car insurance premiums.

If you have a perfect driving record, you can get North and South Carolina auto insurance at a SUBSTANTIAL SAVINGS with Allstate. I did it. I know it first hand.

Recently I inquired about HO6 or H06 condo insurance with Allstate. I was able to get $26,000 in contents insurance for $170 a year. Again, that is about half what a normal HO6 policy costs. $10,000 is only $117 a year! But there is a trick to this.

Todd Insurance Agency, North Myrtle Beach, SC
Allstate is very choosy about insuring condos and homes on the coast. In fact, they stopped writing it after Katrina and several other hurricanes wiped out so many homes. They are once again writing condo insurance, BUT ONLY IF YOU ALREADY HAVE YOUR CAR OR OTHER INSURANCE WITH ALLSTATE.

If you are a new customer inquiring about HO6 or rental insurance, you will be quoted a price from another independent agency that Allstate agents carry. There is only one other company that Allstate allows them to use. The policy is higher than almost any other company - around $500 minimum. However, it does include wind and hail insurance, which a regular contents policy does not include.

Starting this year, if your condo or home is outside the federal wind/hail limits (west of the Intracoastal Waterway) then you have to spend another minimum of $250-300 to be covered for hurricanes and storms that include wind. Basically this non-Allstate policy is about $100 higher than Allstate's policy when you figure this in. If you don't understand this, you may just write the quote off as being too high. Instead, consider moving your other insurance to Allstate!

Why condos need wind and hail coverageThat is the point to all of this. Allstate gives you a multi-policy discount. By having your car, homeowner or condo insurances with them, they discount even more off the premiums. Plus if you have your North Carolina or South Carolina car insurance with Allstate, then you can get a super cheap policy for your home or condo...and get wind and hail coverage separately. They already charge about one-half the premium of other auto insurance companies. Are you ready to save money on your insurance?

I believe in Allstate so much that I convinced Scott to let me handle his website. I'm learning more as I go along. But this is just simple math. If you want the cheapest South Carolina car insurance, visit and get a quote.

You'll be in good hands...:-)