An Insurance Research Council report estimated that 7 pc financial vehicle insurance.7 percent of the state's drivers were uninsured in 2012. The good news: this was below the national average of 12.6 percent. Because South Carolina requires all policies to include uninsured motorist coverage, insured drivers have some financial protection against those who don't have enough (or any) insurance. South Carolina approaches the problem of uninsured motorists a little differently than other states. In lieu of having car insurance, you can pay the state an uninsured motorist fee of $550 a year so long as you meet certain requirements. You'll still be liable for any damage caused in an at-fault accident.
You'll also need to pay a $550 reinstatement fee and file an SR-22 for 3 years. An SR-22 is a proof of financial responsibility form required by the state and filed through your car insurance company. on a smartphone or tablet in the event that they get pulled over and need to provide evidence of auto coverage. If you're an Esurance customer in the Palmetto State, you can download our and even save your proof of coverage to your phone so it's available offline too.
Alex Glenn is a staff writer for NerdWallet, a personal finance website safe auto insurance bloomington il. Email:. factors that could affect car insurance rates in south carolina affordable car insurance in columbia sc. To ensure drivers continue to meet the Financial Responsibility requirements, South Carolina requires insurance companies to provide the South Carolina Department of Motor Vehicles with a monthly report listing the Vehicle Identification Number (VIN) of each vehicle covered by policies currently in effect cheap second car insurance. Failure to maintain proper insurance could lead to the suspension of your vehicle registration.