A new Newsweek analysis of national homeowners insurance data published today maps where insurers are dropping homeowners at record rates — and the Southeast is the second-hardest hit region in the country, with premiums rising 27 percent above inflation since 2018.
South Carolina sits squarely in that region, with specific numbers that tell the story better than any regional average.
The average South Carolina homeowner pays approximately $3,100 per year for homeowners insurance — $258 per month, ranking the state 16th most expensive in the country. That alone is significant. What makes South Carolina’s situation specific is the spread within the state’s own borders…