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South Carolina Sees Increase
The new year will be affect the price of auto insurance for about a third of the state's drivers in South Carolina. Currently the limits are a minimum of fifteen thousand for wrecks causing single injuries, thirty thousand for wrecks causing multiple injuries and ten thousand for wrecks causing property damage. The new law will set the minimum liability cover for each of these three areas up to twenty-five thousand, fifty thousand and twenty-five thousand respectively.
While Alaska, Maine, Minnesota and North Carolina customers will have to pay increased bodily injury amounts the highest minimum coverage amounts will now be in South Carolina. In addition to South Carolina these minimum coverage amount changes will affect Georgia, Mississippi and Oklahoma.
Nearly a million drivers will be affected by this change in premiums in South Carolina when it comes to auto insurance. The individual cost for each person is expected to increase about $118, although the total amount depends on the driving record of the individual. There is some concern that these higher premiums will force many drivers to start going without insurance. However, there is no way of telling until the rates go up and monitoring the statistics compared to those of uninsured drivers in the state in 2005.
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