Get North Myrtle Beach, SC Home Insurance Rates!

Shopping for new homeowners insurance in North Myrtle Beach, South Carolina?

We can help you find a great policy at a price you can afford, all from the comfort of your own living room. Our online quoting process is quick and easy, allowing you to you compare up to 12 competitive quotes from national insurance companies you value and trust.

Simply enter your zip code above, answer a few questions and we will get to work finding your new homeowners insurance policy.

A Few Facts about North Myrtle Beach, South Carolina Home Insurance Rates

Residents of North Myrtle Beach pay an average of $1,327 for a standard home insurance policy, the national average premium across the United States is $1,311. For the state of South Carolina, the premium rank is #18 and the most recent premium change was 1.8% from the previous year.

We can help lower your homeowners insurance costs by shopping your coverage with a variety of national insurance companies. It’s quick and easy. You can get multiple free quotes, just enter your North Myrtle Beach zip code to get started.

North Myrtle Beach and Homeowners Insurance

Shopping for homeowners insurance is never fun but we strive to make the process quick and simple while also taking the time to carefully review your needs to make sure your home and property is fully covered.

We will search for home insurance discounts and examine your enhanced coverage options to make sure your home and possessions are fully protected. In most cases, we can help you save up to 40% on your current rates, all from the comfort of your own home.

In addition to finding a great policy and price, our goal is to make sure you have a complete understanding of your policy before you sign on the dotted line. We are always available to answer any questions you have and explain the various coverages that make up a homeowners policy.

Our agents will guide you through the entire process and evaluate your current coverage to make sure you are protected against all risks including flooding or earthquake damage.

South Carolina Insurance Coverages You May Not Know About

While homeowners insurance will absolutely protect your home’s structure and your personal possessions, it also includes some coverages you may not be familiar with, here is a quick overview of other structures coverage as well as loss of use:

Other Structures: This coverage will protect all other structures on your property. If you have a shed, barn, other outbuildings, fencing or other structures on your property that are detached from your home, this coverage will protect them. Other structures coverage is often capped at 10 percent of your dwelling coverage so if you are carrying $300,000 in dwelling coverage your other structures coverage is $30,000.

Loss of Use: This coverage will help pay your living costs if you are forced out of your home due to a covered peril. A covered peril might include fire, theft or water damage. Loss of use coverage will pay for expenses such as hotels, restaurants and even dry cleaning if you are not able to live in your home while it is being repaired or rebuilt after a claim.

Avg. SC Rate	Discounts	Savings	Shop Rates
$1327	up to 40% off	$531	Review North Myrtle Beach, SC Rates!

North Myrtle Beach, Coastal Flood Insurance and Windstorm Coverage

North Myrtle Beach is located in a coastal county which greatly increases the risk of hurricanes and windstorms. Our quoting process will include wind and hail coverage options to give you the best protection you need against high winds and storm damage.

For Flood Insurance Quotes, Please Call Us at 888-620-1954!

When it comes to homeowners insurance, flood damage is always excluded. In order to fully protect your home, you will need to purchase a separate flood insurance policy. We are happy to work with you to find the best flood insurance coverage you need for your home in North Myrtle Beach.

Compare Homeowners Insurance Rates in North Myrtle Beach, SC!

Get up to 12 competitive North Myrtle Beach, SC homeowners insurance rates all in one place!

North Myrtle Beach, 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 North Myrtle Beach, 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 North Myrtle Beach home. Let us help you shop the best rates and coverages today!

Get the Best South Carolina Home Insurance Rates Today!

Average Rates Nearby North Myrtle Beach

Are you looking for homeowners insurance in a city near North Myrtle Beach? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!

Home Insurance Rates by Zipcode in North Myrtle Beach, SC

Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in North Myrtle Beach.

29582,

North Myrtle Beach, SC Home Insurance Average Premiums

Local North Myrtle Beach, SC home insurance quotes comparison

$806 /yr.

Shows North Myrtle Beach's lowest average rates with discounts applied.

For the city of North Myrtle Beach, 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)	$806 /yr.
Average Coverage:	$1056 /yr.
2600 sq. ft. or higher (all discounts applied)	$1356 /yr.

What is the average home insurance cost for a home in North Myrtle Beach, SC?

• The average homeowners insurance premium paid annually for a home in North Myrtle Beach is around $1056 per year.

What does it cost on average per month for home insurance in North Myrtle Beach, SC?

• Homeowners in North Myrtle Beach pay an average cost per month around $88.00 for insurance coverage.

North Myrtle Beach, SC Coastal Wind, Hail & Flood Information

Flood Zone Notice: The beautiful coastal city of North Myrtle Beach is know for it's beautiful beaches and waterways. Because Horry County (FIPS: 45051) has a shoreline and is in a coastal area it is important to purchase flood insurance. The risk is very high in this area and we will work with you to provide the best flood insurance coverage you need for your home in North Myrtle Beach, SC.

Coastal South Carolina Information: Coastal South Carolina Home Insurance Rates

North Myrtle Beach Flood Insurance and Windstorm Coverage
North Myrtle Beach is a coastal community that is often at risk from windstorms and other severe weather. In these types of areas, it is a good idea to carry wind and hail coverage. Our quoting process will include wind and hail coverage options to give you the best protection you need against high winds and storm damage.

Flood damage is another peril that South Carolina homeowners must deal with due to our extreme weather and sea level elevation. Unfortunately, a standard homeowners policy excludes flood coverage. In order to fully protect your home, you should consider purchasing a separate flood insurance policy.

North Myrtle Beach, SC - 2023 Housing Information

Month	Current Home Value (2023)	Last Year Home Value (2022)
January	$390,879	$341,430
February	$389,382	$348,900
March	$389,360	$356,845
April	$391,347	$365,200

Homeowners insurance will help cover the cost to repair or replace your North Myrtle Beach 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 North Myrtle Beach
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 North Myrtle Beach, SC homeowners insurance rates all in one place!

Saving Money Tips on North Myrtle Beach Home Insurance

A great way to save money on North Myrtle Beach 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 North Myrtle Beach 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
27 ft.	This is the average home elevation in North Myrtle Beach, SC	» Elevation is crucial to a homeowners insurance policy because it determines the risk of your home being in a flood zone which is particularly important in a coastal state such as North Myrtle Beach, South Carolina. A standard homeowners policy does not cover flood damage. If you live in a flood prone area, you will need to purchase a separate flood to fully protect your home. Call Now for Flood Insurance Quotes: 888-620-1954! Flood insurance can be purchased via the National Flood Insurance Program (NFIP) or in the private market. NFIP policies come with coverage caps and other restrictions so you may need to supplement your flood insurance coverage with a private market policy. It's important to remember that flooding occurs in low and moderate risk areas as well. According to FEMA data, almost 25% of all flood claims come from low to moderate-risk areas.

Elevation

Details

Homeowners Tips

27 ft.

This is the average home elevation in North Myrtle Beach, SC

» Elevation is crucial to a homeowners insurance policy because it determines the risk of your home being in a flood zone which is particularly important in a coastal state such as North Myrtle Beach, South Carolina.

A standard homeowners policy does not cover flood damage. If you live in a flood prone area, you will need to purchase a separate flood to fully protect your home.

Call Now for Flood Insurance Quotes: 888-620-1954!

Flood insurance can be purchased via the National Flood Insurance Program (NFIP) or in the private market. NFIP policies come with coverage caps and other restrictions so you may need to supplement your flood insurance coverage with a private market policy.

It's important to remember that flooding occurs in low and moderate risk areas as well. According to FEMA data, almost 25% of all flood claims come from low to moderate-risk areas.

To get online quotes on your home and compare rates on home insurance premiums in North Myrtle Beach, 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 Horry County.

South Carolina Homeowners Insurance News & Information

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 […]
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, […]
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 […]
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 […]
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 […]

North Myrtle Beach, SC Dwelling Coverage Estimate

It is important to calculate your dwelling coverage for your home in North Myrtle Beach 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 North Myrtle Beach, SC?

- The average square footage in North Myrtle Beach is around 2,011 Sq. Ft. which would cost you around $263,400 to replace the home if you base the home on the price to build per square foot of $131.

Minimum Replacement Cost Total: $263,400

Location: North Myrtle Beach, South Carolina (Horry County)

Average Building Cost Per Square Foot in North Myrtle Beach: $131 (low end)

Average Square Footage in North Myrtle Beach: 2,011 Sq. Ft.

Home Improvement Status	Price per Sq. Ft.	Dwelling Coverage
None or Very Minor Improvements	$131	$263,400
Some Additional Upgrades	$164	$329,250
Major Home Updates or Advancements	$197	$395,100

Calculate Your North Myrtle Beach, SC Dwelling Coverage

The dwelling coverage is calculated by the average cost per square foot ($131) in North Myrtle Beach, 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.