Homeowners insurance in Myrtle Beach*

Looking for affordable home insurance? You've come to the right place!

Thinking about Myrtle Beach probably conjures up images of the Boardwalk and Promenade. Or maybe you picture yourself enjoying a plate of shrimp and grits at one of the city’s famous  restaurants. However, Myrtle Beach is more than a tourist destination. It’s also a charming coastal community in the heart of the Grand Strand that’s an ideal place to buy a home.

For all the beauty Myrtle Beach has to offer, it still faces risks that make getting home insurance essential.

That’s where we come in. We’re Kin, and we offer customizable and affordable coverage to property owners in several catastrophe-prone states, including South Carolina. Our House & Property insurance lets you adapt your coverage to fit how you use your home – whether you rent it out to others or live in it as your primary residence.

Let’s take a look at what home insurance costs in Myrtle Beach and how we work to keep premiums down for our members.

How much does home insurance cost in Myrtle Beach? 

South Carolina ranks 17 on the Insurance Information Institute’s list of most expensive states for homeowners insurance. Homeowners there pay an average premium of $1,327 per year.

In Myrtle Beach, you likely pay at the state average or more because of the level of risk in your city.

Risks affecting home insurance costs in Myrtle Beach

Positive cost factors

Negative cost factors

Moderate flood risk

Higher-than-average property crime rate

Extreme wind risk

High median home value

Risk factors in Myrtle Beach

The most significant negative risk factor in Myrtle Beach is wind. Risk Factor rates the city’s wind risk as extreme because the area often faces:

  • Tornados.

  • Severe storms.

  • Tropical storms.

  • Hurricanes.

Hurricanes also bring flood risk. Luckily, Risk Factor says Myrtle Beach has only a moderate chance of flood risk. But you should note that homeowners insurance doesn't cover water damage caused by flooding, so you may want to consider purchasing separate flood insurance for your Myrtle Beach property.

Weather isn’t the only peril that can result in a home insurance claim. Property crime can, too. Unfortunately, Myrtle Beach has a higher crime rate than 98% of South Carolina cities.

What other factors influence your home insurance rates?

Some of the risk factors that impact your home insurance premium are more particular to your home. For instance, insurance companies often want to know:

  • The age and value of your home.

  • The condition of your roof.

  • The type of construction of your home.

  • Your prior claims history.

  • Your home's wind mitigation status.

Additionally, your coverage limits and deductibles play a role in your premium.

How to save money on homeowners insurance with Kin

The average customer reports saving an average of $917 on their insurance policies when switching to Kin.**

So what makes us different? 

Our technology

It all starts with our technology that helps us analyze a significant amount of publicly available insurance data. This gives us a good handle on the risks your home faces so we can set accurate and fair premiums.

Our discounts

We offer a wide range of home insurance discounts for anyone who qualifies. In South Carolina, these include discounts for:

  • Having fire, water, and security devices.

  • Having a claims-free history.

  • Installing wind mitigation features.

New members can also get 10% off their first policy with us!

Our deductibles

Choosing a larger deductible can help you lower your insurance premium. Our House & Property insurance in South Carolina typically has three deductibles with the following options: 

  • AOP deductible. This is your standard deductible that applies to most covered claims. Options include $500, $1,000, $2,500, $5,000, $7,500, and $10,000.

  • Severe convective storm deductible. Sometimes called a wind/hail deductible, this applies to damage caused by a severe convective storm. You can choose either a flat-rate deductible of  $500, $1,000, $2,500, $5,000, $7,500, or $10,000; or a percentage deductible of 1%, 2%, 3%, 4%, 5%, or 10%.

  • Hurricane deductible. A hurricane deductible applies to damage caused by hurricanes and named storms. You can choose a flat-rate deductible of $500, $1,000, $2,500, $5,000, $7,500, or $10,000; or a percentage deductible of 1%, 2%, 3%, 4%, 5%, or 10% of your Coverage A limit.

Be sure you pick a deductible you can afford if you have to file a claim – including a catastrophic one. You need to pay the entire deductible out of pocket before any coverage kicks in.

Home insurance FAQs for Myrtle Beach homeowners

Understanding  insurance costs and risk factors is an important part of getting the right coverage for your home, but what else do you need to know? Click the links below for  answers to some common questions about home insurance. 

Important resources for homeowners in Myrtle Beach, SC

How to get homeowners insurance in Myrtle Beach

Getting a quote for affordable home insurance in Myrtle Beach is as easy as entering your address now. If you’d rather speak to a professional, give us a call at 855-717-0022. 


**Based on Kin Customer Savings Survey conducted January 2023 – January 2024. Potential savings may vary.

Related Posts:Additional Resources

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