South Carolina Approves 2026 Insurance Rate Cut, Most Rates Down 10%
South Carolina's insurance director has approved a rate cut on car insurance for 2026. While most rates will drop by 10%, the 2026 rate for household goods - single interest coverage will remain at the 2025 level.
The new rates for various car insurance products in 2026 are as follows: automobile, fire and theft at 0.45%, automobile collision at 1.67%, household goods - single interest at 5.81%, and household goods - dual interest at 0.50%.
Despite the overall reduction, the rate for household goods - single interest coverage has not been reduced. No publicly available information or identified person has been found to explain this decision. The 2026 rate will thus remain at the 2025 level.
In summary, South Carolina's insurance director has approved a rate cut on car insurance for 2026, with most rates dropping by 10%. However, the rate for household goods - single interest coverage will remain unchanged at 5.81%.
