Columbia, SC Homeowners Insurance Rate Quotes!
Columbia homeowners insurance will protect your most valuable investment from major financial losses due to hurricanes, fire, wind damage, theft and falling objects like power lines and trees. We work with thousands of homeowners every month within the state of South Carolina that are looking for lower homeowners insurance rates. Our process allows you to easily compare the most affordable home insurance premiums in Columbia. We can compare up to 12 competitive companies an work with you to explain which coverage option is best for you and your family. If your home insurance premium has increased, we can help save you up to 40% or more. Homeowners living in Columbia pay around $998 per year for a basic or standard HO-3 homeowners policy. Rates withing this city range from $748/yr. to over $1,298/yr. depending on the size of the home, coverage options and discounts. An HO-3 policy doesn't provide coverage for flooding, earthquake or sometimes wind/hail damage. It's important to know what is listed and covered on your Columbia, SC home insurance policy. Let us help get you the enhanced coverage you need with all the available discounts for the cheapeast and best price option. Our process is hassle free and we enjoy helping you save money while making the shopping process easy on you. Get Home Insurance Online Now!
Why did my Columbia home insurance rate increase?
Your premium may have increased because your current carrier has raised rates due to the type of construction of your home, the coverage limits of your property or the recent or historical claim history that is on your home. It's important to know that there are multiple companies that provide great rates in Columbia. Plus, we can help you apply all the available discounts and credits to help you decrease your homeowners insurance rates. If you have questions or concerns, please give us a call at the number below or enter your zip code to start our free home insurance quoting process.
Columbia, SC Homeowner Facts
The city of Columbia is roughly around 129,272 residents in population size with 45666 occupied homes within the city of Columbia. The average family household in Columbia is 22638.
| Demographic | Values |
|---|---|
| Population | 129,272 |
| Total Occupied Households | 45666 |
| Family Households (families) | 22638 |
| Average Owner Occupied Household Size | 2.22 |
| Average Family Size | 2.94 |
| Total Housing Units | 52471 |
Compare Homeowners Insurance Rates in Columbia, SC!
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Columbia, SC Insurance Quotes & Service
With over 20 years of South Carolina homeowners insurance coverage and quoting experience, we enjoy helping customer find the best price and coverage options for your home in Columbia, SC. Our new carrier platform includes quick rates from the very best insurance companies, like Liberty Mutual, Safeco Insurance, Tower Hill, ShoreOne, Kind Group Underwriting, AIG, Chubb, Travelers, National General, Heritage Insurance and the South Carolina Wind and Hail Underwriting Association for wind and hail insurance policies. Getting the best insurance rates with the right insurance company is key to protecing your Columbia home. Let us help you shop the best rates and coverages today!
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Average Rates Nearby Columbia
Are you looking for homeowners insurance in a city near Columbia? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!
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Home Insurance Rates by Zipcode in Columbia, SC
Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Columbia.
29201, 29202, 29203, 29204, 29205, 29206, 29207, 29208, 29209, 29210, 29212, 29223, 29225, 29229,
Columbia, SC Home Insurance Average Premiums
$748 /yr.
For the city of Columbia, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.
| Coverage Amount: | Annual Premium |
|---|---|
| 1800 sq. ft. or below (discounts applied) | $748 /yr. |
| Average Coverage: | $998 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $1298 /yr. |
What is the average home insurance cost for a home in Columbia, SC?
- • The average homeowners insurance premium paid annually for a home in Columbia is around $998 per year.
What does it cost on average per month for home insurance in Columbia, SC?
- • Homeowners in Columbia pay an average cost per month around $83.00 for insurance coverage.
Columbia, SC - 2023 Housing Information
| Month | Current Home Value (2023) | Last Year Home Value (2022) |
|---|---|---|
| January | $214,653 | $187,646 |
| February | $215,132 | $191,289 |
| March | $215,948 | $195,775 |
| April | $216,536 | $199,961 |
Homeowners insurance will help cover the cost to repair or replace your Columbia home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:
- Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Columbia
- Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
- Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
- Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
- Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.
Get up to 12 competitive Columbia, SC homeowners insurance rates all in one place! |
Saving Money Tips on Columbia Home Insurance
A great way to save money on Columbia homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:
- Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
- Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
- Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
- Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.
Are you shopping for the best rate near or wihin the Columbia area? Check out what homeowners are paying on average for South Carolina homeowners insurance.
Elevation Review for Coastal Wind or Flooding Risk
| Elevation | Details | Homeowners Tips |
|---|---|---|
| 252 ft. | This is the average home elevation in Columbia, SC | Did you know that the elevation in which your home resides is crucial to a home insurance policy because it determines the risk factor related to your home being in a flood zone. It is important to understand that your home is not covered for floods under a standard homeowners policy. You will need to speak with a local South Carolina flood insurance agent about a flood insurance policy, please give us a call now at 888-620-1954. |
To get online quotes on your home and compare rates on home insurance premiums in Columbia, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Richland County.
South Carolina Homeowners Insurance News & Information
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Coastal South Carolina Home Insurance Rates Posted on Saturday 30th December, 2023
South Carolina is an amazing place to call home. It is overflowing with world-class cities, beautiful beaches, museums, and restaurants. It is truly a wonderful place to live. Unfortunately, some of our beautiful coastal cities, Myrtle Beach, Charleston and Hilton Head as an example come with some pretty high homeowners insurance premiums if you live […]
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Will my home insurance cover roof replacement? Posted on Saturday 24th December, 2022
The answer to the question “does insurance cover roof replacement,” is not always clear cut. In most cases, it will depend on the reason that your roof needs to be replaced. If your roof has simply reached the end of its life, the cost to replace it will fall to you. On the other hand, […]
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Am I underinsured for hurricane damage? Posted on Thursday 26th August, 2021
Tropical Storm Henri hit the Northeast pretty hard over the last week and for many homeowners the pain caused by the storm could just be getting started. Unfortunately, many homeowners may be underinsured or not have the right coverage in place when it comes to tropical storm and hurricane damage. A recent study by Policygenius […]
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What can increase the cost of your homeowners insurance? Posted on Wednesday 28th October, 2020
If you are in the market for a house, the cost of homeowners insurance is probably not your number one priority but some homes come with risks that could dramatically up the cost of insuring your new home. Knowing what risks can be an insurance issue with a home can help you save not only […]
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Hurricane Isaias is on the same track as Hurricane Dorian – What can we expect? Posted on Wednesday 5th August, 2020
Hurricane Isaias is on roughly the same track as Hurricane Dorian and is the first hurricane to hit the Bahamas since Dorian stalled over the islands as a Category 5 monster killing dozens of people and causing massive destruction. Here is a quick overview of both storms as well as a few tips on how […]
Columbia, SC Dwelling Coverage Estimate
It is important to calculate your dwelling coverage for your home in Columbia so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.
Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.
What is the average replacement cost coverage in Columbia, SC?
- The average square footage in Columbia is around 1,024 Sq. Ft. which would cost you around $134,139 to replace the home if you base the home on the price to build per square foot of $131.
Minimum Replacement Cost Total: $134,139
Location: Columbia, South Carolina (Richland County)
Average Building Cost Per Square Foot in Columbia: $131 (low end)
Average Square Footage in Columbia: 1,024 Sq. Ft.
| Home Improvement Status | Price per Sq. Ft. | Dwelling Coverage |
|---|---|---|
| None or Very Minor Improvements | $131 | $134,139 |
| Some Additional Upgrades | $164 | $167,674 |
| Major Home Updates or Advancements | $197 | $201,209 |
The dwelling coverage is calculated by the average cost per square foot ($131) in Columbia, South Carolina times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $409,375 (Media price to build of $164 x 2500 sq. ft.) to cover the cost to rebuild your new home.
What is the difference between actual cash value and replacement cost value?
Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:
Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.
Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.