Home Insurance Cost in Murrells Inlet, SC
Home Insurance in Murrells Inlet, SC
Home insurance in Murrells Inlet, and surrounding areas, does not have to be confusing. We have over 16 years of experience providing insurance policies to our clients along the South Carolina coast, particularly in the Murrells Inlet area. Whether it’s a primary home in the Prince Creek area, a secondary home in Garden City, or a rental property in Surfside Beach, we offer the best policies at the best premiums. Previously, you had to have a separate wind/hail policy, plus a standard home policy. We built our agency to provide affordable, easy to understand insurance policies that INCLUDE wind and hail coverage. Therefore, you will need only one policy to cover against fire, theft, liability, wind, hurricane, etc. If you elect to have flood insurance, that will remain a separate policy in most cases. Although insurance premiums have increased over the past five years, we have seen companies stop the rate increases, with several having rate decreases. Therefore, now is a great time to review your home insurance in Murrells Inlet, as some companies are starting to have rate decreases. We represent over 50 insurance companies and all have an excellent financial rating through AM Best or Demotech.
What does home insurance cost in Murrells Inlet, SC?
We get this question often. We insure primary homes, secondary homes, rental homes, etc. One of the main factors that influences premiums is the year built and roof age. The newer the home, the lower the base rate, in most cases. However, older homes with newer roofs can see the same low rates. We build a policy for your needs. Therefore, you aren’t left paying for insurance you do not need. For example, if you do not have any Other Structures (fence, pool, etc.) you do not need to pay for $50,000 in Other Structures coverage.
Below are a few examples of annual premiums recently issued:
Example 1
Primary Home in the Prince Creek area
$600,000 in coverage
Year Built: 2022
Annual Premium: $2,122
Example 2
Primary Home along Highway 17 Business
$800,000 in coverage
Year Built: 1985
Roof Age: 2016
Annual Premium: $5,232
Example 3
Oceanfront Secondary Home with Seasonal Rental in Garden City
$1,600,000 in coverage
Year Built 2024
Annual Premium: $7,321
These are three recent examples of policies we have insured. Most agencies are set up to insure some homes, but mostly write auto insurance. Although we have several companies to insure your autos, we are primarily set up to focus on home insurance in Horry County, particularly east of the waterway.
Have more questions? Give us a call or contact us through the website, and we will be happy to help.