Hilton Head homeowners pay an annual average of $6,139 for a home insurance policy with $300,000 in dwelling coverage and a $1,000 deductible. This is much higher than the South Carolina annual average of $3,153.

Hilton Head homes are vulnerable to numerous natural threats, most notably hurricanes, tornadoes, wildfires, storm surges, and other flooding.1 Due to these risks, homeowners in the area face expensive average premiums and should pay close attention to home insurance policy options. You may want to purchase additional coverage, like flood insurance, to better protect your home.

Here’s what you should know about finding home insurance in Hilton Head.

Best home insurance companies in Hilton Head

Finding the right insurance company for your home insurance needs depends on your unique situation, preferences, and budget. You can start your search with three of the best insurance companies in Hilton Head that offer exceptional value to homeowners.

Best company for high-value homes: Chubb

Best company for veterans: USAA

Best company for cheap rates: State Farm

Cheapest home insurance companies in Hilton Head

Heritage Insurance and State Farm offer the cheapest home insurance rates in Hilton Head, on average.

The table below breaks down average annual insurance rates for different insurance companies. Averages reflect costs for policies with $300,000 in dwelling coverage and a $1,000 deductible.

How much is home insurance in Hilton Head?

The average annual cost of homeowners insurance in Hilton Head is $6,139 for a policy with $300,000 in dwelling coverage and a $1,000 deductible. For a policy with a $500 deductible, the average cost increases to $6,265 annually.

Hilton Head homeowners pay much more for a standard home insurance policy than the national annual average of $2,584 and the state average of $3,153.

The exact cost you’ll pay to insure your Hilton Head home varies based on a variety of factors, including flooding risks, your ZIP code, the location of the nearest fire station, and the age of the home.4

Cost of home insurance by dwelling coverage in South Carolina

The level of dwelling coverage you need affects your home insurance costs. Homeowners with high-value properties often pay more for coverage than people with properties of lower value.

The table below highlights the average costs by dwelling coverage limit in South Carolina. The average annual premiums reflect costs for a policy with a $1,000 deductible.

Cost of homeowners insurance by deductible amount

A home insurance deductible is the amount you’ll pay when filing a claim. After you pay your deductible, the insurance company kicks in to help pay for the rest of the covered damages. For example, let’s say a hurricane damages your home. You’ll need to pay a deductible, often $500 or $1,000, before the insurance company pays out your claim.

Insurance companies generally offer lower home insurance premiums to homeowners who choose a higher deductible. The table below highlights how opting for a higher deductible can lead to a lower premium. The rates below reflect a policy with $300,000 in dwelling coverage.

Average cost of home insurance in other cities in South Carolina

Average home insurance costs vary from city to city due to different risks. Average costs can even vary by ZIP code. For example, homes in a ZIP code with higher vandalism rates, closer proximity to the ocean, or further distance from a fire station might face higher rates than a home without similar risks.

In South Carolina, homeowners in cities along the coastline tend to pay higher insurance rates than homeowners further away from the beach.

Below, you can see the different average homeowners insurance costs in cities across South Carolina for policies with $300,000 in dwelling coverage and a $1,000 deductible.

What to know about owning a home in Hilton Head

If you own a home in Hilton Head or plan to, it’s important to understand the risks your home faces and what insurance you need. Hilton Head homeowners should consider the following factors: