What is the Minimum Car Insurance SC Requires?
Whether it’s car insurance in Lancaster SC or anywhere in the state, car insurance in South Carolina requires you to carry a minimum of $25,000 per person for bodily injury and $50,000 for all persons injured in one accident. Claims for bodily injury may include medical expenses, lost wages, and pain and suffering. $25,000 for damage to property per accident.
- $25,000 in bodily injury per person
- $50,000 total for everyone injured in the accident
- $25,000 for property damage per accident
What does keeping the state insurance minimums look like if you are in an accident? Let’s look at an example:
Let’s say you are driving down the road and hit a truck pulling a camper. That’s a $70,000 truck pulling a $50,000 camper= $120,000. Remember your property damage is at $25,000. That leaves you $95,000 in the hole. In that truck was a family of four and all four has to go to the hospital- $200,000 total hospital bill. Your total Bodily Injury is capped at $50,000 ($150,000 in the hole). This accident has you in the hole $245,000…how much do you love your house? Insurance limits are important.
Driving is one of those privileges we all enjoy. A privilege always comes with responsibility. The responsibility to protect ourselves, our property and others. Thinking about the minimum car insurance requirements is not the best way to protect your financial security. Car insurance is there to protect you. They are state “minimums” for a reason. If you have assets, never take the state “minimum” car insurance limits. Read our blog post on How Car Insurance Can Cause You to Lose Your Home.
Reach out to HFC Insurance at 803-286-1161 or visit us at 304 North Main St Lancaster SC 29720 if we can help you with your health insurance, Medicare insurance, and home insurance needs. Visit our YouTube Channel on everything insurance.
