Additional Info About South Carolina Vehicle Insurance
The state also requires that South Carolina insurers report to the DMV as well. If a liability car insurance policy has be canceled, the provider must submit a Notice of Cancellation of Policy (Form FR-4) to the department of motor vehicles. Once this from is received by the department it is then forwarded to the owner, at which point there are two options; either update coverage information or surrender vehicle plates and registration.
Failing not to provide the requested documentation will result in the suspension of a driver’s license and vehicle plate/registration. In order to have these privileges reinstated, a reinstatement of up to $400 will need to be paid and proof of coverage will need to be submitted.
Residents of SC have an option other than purchasing the required coverage. According to the South Carolina Department of Consumer Affairs eligible motorists may be able to pay an annual $550 Uninsured Motorist Fee to the Department of Public Safety at the time of registration. Although this option is available, one must be aware that this is not a form of auto insurance and will not pay for any expenses arising from a traffic accident and as an uninsured motorist, being at fault may leave the responsible driver for compensating the other party for any bodily injury and/or property damage that has been caused as a result of the accident. It may be wise to carefully consider this option prior to making the decision to drive uninsured.