Switching Auto Insurance After Moving to Myrtle Beach, SC | Car Insurance – Davis Insurance Assoc

What You Need to Know About Switching Car Insurance Companies After Moving to Myrtle Beach, SC

August 9, 2024, by Brad Davis, CIC

Introduction

Relocating to a new city can be both exciting and overwhelming. For those who have recently made the move to Myrtle Beach, SC, one of the important tasks on your to-do list might be switching car insurance companies. These steps ensures that your policy is not only compliant with local regulations but also suited to your new surroundings. Here’s a comprehensive guide to help you navigate the process of switching car insurance after moving to Myrtle Beach.

1. Understand South Carolina’s Car Insurance Requirements

Before you start comparing new policies, it’s crucial to familiarize yourself with South Carolina’s car insurance requirements. South Carolina mandates that drivers carry a minimum of:

• $25,000 for bodily injury or death per person
• $50,000 for bodily injury or death per accident
• $25,000 for property damage

It’s important to point out that these minimum limits required for Liability and Uninsured Motorists Coverages are not always adequate. In fact, you should purchase higher limits if you can.

General auto insurance from our website.

2. Notify Your Current Insurance Provider

Before making any changes, contact your current insurance provider to inform them of your move. Your provider may need to update your address and other details, which could affect your premium rates. Additionally, ask about any potential penalties or fees for canceling your policy early, as some companies impose these charges.

3. Evaluate Your Coverage Needs in Myrtle Beach

Myrtle Beach has unique driving conditions that might influence your insurance needs. Consider the following factors:

• Weather Conditions: Myrtle Beach is prone to hurricanes and heavy rains. Look for coverage options that protect against weather-related damages.
• Traffic Patterns: With its popularity as a tourist destination, traffic congestion can be a concern. Comprehensive coverage might be beneficial in case of accidents or damages due to high traffic.
• Theft and Vandalism: If you’re in a densely populated area, you might want to ensure your policy covers theft and vandalism.
• Use of your vehicle: For example, if you will be providing ridesharing services (such as Lyft or Uber) make sure you have coverage for that.

 

4. Research Local Insurance Providers

Local insurance providers often offer policies tailored to the specific needs of Myrtle Beach residents. Look for companies with positive reviews and good customer service records. Some providers to consider include:

• A local independent insurance agency (like Davis Insurance Associates 😊)
• A local captive agency, such as State Farm, Farmers, or Farm Bureau
• Though usually not local, you can try a national company like Geico (though they are starting to be sold via independent agents in some areas)

Insurance agents are normal people (well I feel we have thicker skin, but I digress), so if you are not getting the warm fuzzies you can shop around.

5. Compare Quotes and Coverage Options

Not all quotes, policies, agents, or insurance companies are the same!

• Premium Costs: Compare the cost of premiums to ensure you’re getting a good deal.
• Deductibles: Higher deductibles generally mean lower premiums but ensure you can afford the out-of-pocket costs if you need to make a claim.
• Additional Coverage: Consider if you need additional coverage options like roadside assistance or rental car coverage.

Please understand that rarely are two insurance quotes or policies the same. I am not trying to toot my own horn here, but I have seen hundreds of comparison quotes where the customer told me the coverages are the same, but the premium is lower on one. Wrong! 99 times out of 100 I can find a modification that caused a different premium, and it’s usually because one has inferior coverage. I guess my point in this is work with a trusted agent! The lowest premium option may not be your best bet.

6. Check for Discounts

Many insurance providers offer discounts that you might qualify for, such as:

• Multi-car Discounts: If you have more than one vehicle, you might save by insuring them with the same company.
• Safe Driver Discounts: A clean driving record can often lead to lower rates.
• Bundling Discounts: If you purchase other types of insurance (e.g., homeowners or renters insurance) from the same company, you could receive a discount.

Here is a blog I wrote in 2019 that gives more information on this.

 

7. Finalize Your New Policy

Once you’ve selected a new insurance provider, finalize your policy by:

• Providing Necessary Documentation: This may include your driver’s license, vehicle registration, previous insurance details, and signed application.
• Setting the Effective Date: Ensure that your new policy starts as soon as your old one ends to avoid any gaps in coverage.

 

8. Cancel Your Old Policy

After your new policy is active, cancel your old insurance policy. Confirm the cancellation in writing if you can and request a refund for any unused premium if applicable. Make sure your old agent or company has a good mailing address for you.

 

9. Update Your Vehicle Registration

Finally, update your vehicle registration with your new address if you haven’t already done so. South Carolina law requires that your registration details reflect your current address. You generally have 45 days to transfer your vehicle title and registration when you move to South Carolina from another state.

Here are some links to help with SC Auto Laws.

SCDMV – Vehicle Insurance

SCDMV – Moving to SC

Tip – for additional help or information from SCDMV regarding auto registration or insurance contact their call center in Blythewood, SC (803) 896-5000. You will get faster service this way.

 

Conclusion

Switching car insurance companies after moving to Myrtle Beach, SC, involves more than just finding a cheaper rate. By understanding local requirements, evaluating your coverage needs, and carefully selecting a new provider, you can ensure that your insurance is both compliant and comprehensive. Taking these steps will help you enjoy your new home with peace of mind, knowing that you’re well-protected on the road.

Feel free to share your experiences or ask any questions in the comments below. Safe driving and welcome to Myrtle Beach!