The average new car price is over $47,000 according to Car and Driver.  SC state minimum property coverage only requires $25,000 which could leave you responsible for the difference if you or your family are found at fault. 

The average price of a new car in the US reached a record high of $47,077 in December 2021, according to Kelley Blue Book[1]. This increase was due to the COVID-19 pandemic, supply-chain issues, chip shortages, and automakers focusing on higher-profit models[1]. Dealers also added “market adjustment” fees, and incentives hit a five-year low[1]. Despite high auto loan rates affecting some buyers, strong sales of expensive trucks pushed demand higher[2]. Used car prices dropped 8.8% in the past year, but experts anticipate better deals may be necessary to boost buyer demand and incentivize sales[2].

References: [1] New Car Price Keeps Climbing, with Average Now at … [2] Average New Car Price Hits Record High Near $50,000 | Money [3] Repair-Act-white-paper-09-13-2022-1.pdf