Like many other states, South Carolina possesses a required minimum coverage for all South Carolina car insurance policies. If you intend to take your car out on the road, you must meet these state required minimums to ensure that you are able to pay for any damages you have caused in an accident. While the requirements to meet this minimum are set simply, many people are still driving on less than the requirement and are considered underinsured. If you are caught driving without insurance or with insurance that does not meet or exceed the state minimum, there will be legal repercussions that you will have to face.
The South Carolina car insurance minimum requirement is considered liability insurance plus uninsured motorist. The limits for this coverage include $25,000 for death or injury, $50,000 total for death or injury, and $25,000 for damage to property. You should also have uninsured motorist coverage to pay for damages and injuries to you, your passengers, or your own property. This too has limits that must be met that include $25,000 for damage to property, $25,000 for death or injury, and $50,000 total for death or injury.
There are many additions you can get for your South Carolina car insurance including collision, comprehensive, medical, rental reimbursement, and towing and labor coverage. Each option will provide you with the ability to take care of a variety of different damages to your vehicle and should be considered as you look for quotes and prepare to purchase your insurance. Not only can these extra coverage options provide you with the peace of mind that your car can be repaired if damaged, it will also ensure that you can rent a vehicle to get you by while your car is being repaired.
If you have just purchased a new car and are paying back a lender for your vehicle, then the requirements may be different for your South Carolina car insurance as your lender will have a separate set of required minimums. These requirements will ensure that if your car is damaged in an accident you can either repair it, pay it off, or replace it. Lenders require these minimums to be met to ensure they will obtain their investment back for your car. If you don’t meet these minimums for your insurance, they may repossess your car as a way of regaining the investment.