Cheapest Car Insurance In South Dakota (2024) (original) (raw)

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10/18/2024 08:00 AM

As car insurance costs increase, it is beneficial for drivers in South Dakota to compare different policies in order to find the least expensive coverage. Our reviews team has researched the best car insurance companies nationwide. We carefully examined the reputation, customer satisfaction, coverage options, and average premiums of each provider.

In this review, we will discuss the most effective methods to reduce your expenses on insurance and identify the most affordable car insurance options in South Dakota, depending on your driving profile.

Key Points

• GEICO is the cheapest car insurance company in South Dakota overall, with an average rate of $21 per month for minimum coverage and $175 per month for full coverage.
• USAA and North Star Mutual also offer affordable car insurance rates for many driver profiles.
• If you’re under 25 or have traffic violations, your car insurance rates will be higher than the average for drivers.
• You can save on car insurance by opting for minimum coverage, looking for discounts, increasing your deductible, and bundling your auto insurance with other policies.

Cheap Car Insurance South Dakota

Car insurance companies have varying ways of assessing driver profiles. This means that the provider that is the cheapest for one driver may not be the cheapest option for you. To illustrate this, here is a summary of the cheapest auto insurance providers and the rates they offer for different driver profiles in South Dakota.

*Unless stated otherwise, average costs are minimum-coverage rates for single male drivers between the ages of 25 and 35 with a clean driving history.

What Is The Cheapest Car Insurance Company In South Dakota?

In general, we discovered that when it comes to car insurance in South Dakota, GEICO provides the lowest prices for most types of drivers. The following sections will cover the average monthly costs of both minimum- and full-coverage car insurance from the cheapest companies in South Dakota.

These rates apply to drivers from South Dakota, regardless of their age, location, or driving history. The cheapest companies are organized by minimum coverage costs.

Cheapest Minimum Coverage In South Dakota: GEICO

Drivers looking for the most affordable coverage that just meets South Dakota state minimum requirements may find it at GEICO for about $21 per month or $250 per year on average.

Cheapest Full Coverage In South Dakota: GEICO

If you want complete coverage at the lowest cost, GEICO is the best choice. The provider offers full-coverage insurance for an average of $175 per month.

Full-coverage insurance policies in South Dakota generally include liability insurance, uninsured/underinsured motorist coverage, collision coverage, and comprehensive insurance.

Cheapest Car Insurance In South Dakota: Age

Below, you’ll find average insurance costs for South Dakota drivers ages 16 to 55 as well as the top five cheapest car insurance companies for each age group. The best auto insurance rates are usually given to drivers who are between 30 and 55 years old. This is because they have more experience driving and are less likely to be involved in car accidents compared to younger drivers, according to statistics.

Average Car Insurance Rates By Age

Cheapest South Dakota Car Insurance: Young Drivers

As mentioned, drivers in their teens and early 20s typically pay the most expensive car insurance rates. That is mainly because these drivers have less time driving and are more likely to break traffic rules and have car accidents.

In fact, the fatal crash rate per mile driven for teen drivers was nearly three times the rate for drivers 20 years old and older in 2021, according to the Insurance Institute for Highway Safety.

Cheapest South Dakota Car Insurance For 16-Year-Olds: North Star Mutual

If you’re a teen driver or the parent of one, North Star Mutual may be your best bet for finding the most affordable car insurance in South Dakota.

The company’s cheapest average rates for 16-year-old drivers are $58 per month or $698 per year, which is relatively affordable compared to other states. If you’re looking for full coverage, the average is $464 per month or $5,571 per year from Farmers Mutual of Nebraska.

Cheapest South Dakota Car Insurance For 25-Year-Olds: GEICO

Car insurance rates for young drivers in their 20s are way lower than what teen drivers pay. But, depending on the insurance company, these rates can still be high.

GEICO provides the cheapest car insurance costs on average at $22 per month or $266 per year for minimum coverage. GEICO costs $194 per month or $2,326 per year for full coverage.

Cheapest South Dakota Car Insurance: Adult Drivers

People who are in their 40s usually have to pay the least amount of money for car insurance. You can compare average auto insurance premiums of drivers in their 30s, 40s, and 50s from the top five cheapest companies for each age group below.

Cheapest South Dakota Car Insurance For 35-Year-Olds: USAA

Drivers in their mid-30s may insure their cars at the cheapest cost by getting a minimum coverage car insurance policy from USAA. The company offers average minimum-coverage costs of $19 per month or $231 per year. For full coverage, GEICO’s rates average $156 monthly or $1,872 annually.

Cheapest South Dakota Car Insurance For 45-Year-Olds: USAA

Forty-five-year-old drivers may find the most affordable minimum coverage from USAA, with average rates of $18 per month or $217 per year. The cheapest full coverage comes from Farmers Mutual of Nebraska at $147 per month or $1,758 per year.

Cheapest South Dakota Car Insurance For 55-Year-Olds: GEICO

GEICO usually offers the most affordable car insurance rates for South Dakota drivers in their 50s. The insurer’s average premiums are $16 monthly or $195 annually for minimum coverage. The cheapest full coverage option is from GEICO, costing $156 monthly or $1,872 annually

Cheapest Car Insurance In South Dakota: High-Risk Drivers

Besides the kind of coverage you have and the age of your vehicle, the way you drive has a significant impact on how much you will be charged for car insurance. Auto insurers typically determine if you’re a high-risk driver by looking at how many infractions are on your driving record, including speeding citations, at-fault accidents, and DUI convictions.

Average Car Insurance Rates For High-Risk Drivers

Drivers who are considered high-risk, meaning they have a history of multiple violations, have to pay car insurance rates that are higher than the average. On average, South Dakota motorists who are deemed high-risk may find the most affordable rates from State Farm for minimum coverage or State Farm for full coverage.

Cheapest South Dakota Car Insurance For Drivers With A Speeding Ticket: GEICO

Drivers with a speeding citation on their record can generally find the most affordable coverage from GEICO, with average rates of $24 per month or $292 per year for minimum coverage and $204 per month or $2,444 per year for full coverage.

Cheapest South Dakota Car Insurance For Drivers With An At-Fault Accident: USAA

Getting into a car accident in South Dakota can make your car insurance costs go up. USAA tends to offer the most affordable rates on average at about $33 per month or $398 per year for minimum coverage and $287 per month or $287 per year for full coverage.

Cheapest South Dakota Car Insurance For Drivers With A DUI: State Farm

If you’re a motorist with a DUI on record, you may find the cheapest minimum car insurance in South Dakota from State Farm for $31 per month or $371 per year on average. They also have rates of $213 monthly or $2,552 annually for full coverage.

Cheapest South Dakota Car Insurance For Drivers With Poor Credit: GEICO

People who have bad credit have to pay more money for car insurance. Those who don’t have the best credit history may want to check out GEICO, which has an average minimum-coverage rate of $28 per month or $332 per year and an average full-coverage rate of $232 per month or $2,788 per year.

Average Cost Of Car Insurance In 10 South Dakota Cities

Another thing that affects how much you have to pay for car insurance in South Dakota is the location where you live. Auto insurance companies consider drivers riskier to cover in areas with:

• Larger groups of people
• There are increased numbers of cars driving on the road.
• More frequent car crashes
• More instances of traffic violations
• More incidents of car theft and slashed tires
• Intense weather conditions.

Certain factors that make car owners in big cities more at risk are more likely to increase the costs of car insurance for minimum coverage. On the other hand, drivers in small towns with less crime and fewer people are more likely to have lower insurance rates.

Top 5 Car Insurance Companies In South Dakota

Besides looking at the price, we’ve examined more than 40 insurance companies to determine the top five insurers in South Dakota. We considered factors like their coverage, service, and how dependable they are. Based on our research, we found GEICO to be the best provider for most drivers in South Dakota. Here are the ratings we give to our top picks overall.

*The overall and category ratings above are based on nationwide factors.

How To Get The Cheapest Car Insurance In South Dakota

You have a few options to make your car insurance cheaper in South Dakota. These include:

• Opting for minimum coverage: Choosing to have the minimum coverage required by your state will give you the least expensive car insurance available.
• Seeking out discounts: Most insurance companies have multiple discounts that can help cut down on premium costs, from military and good student discounts to discounts for drivers that remain accident free for five years.
• Raising your deductible: A higher deductible will lower your premium costs, but you’ll have to pay more out of pocket if you file a claim.
• Bundling your auto insurance: You can often bundle your auto insurance with a homeowners insurance policy or other type of coverage to earn a discount.
• Comparing quotes: Getting price estimates from different companies can help you understand which provider is offering the most favorable offer.

Many insurance companies offer usage-based insurance programs, which are a great way to save money. These programs use telematics to monitor your driving habits–from your speed and braking to the time of day you drive. If you drive safely, you may receive a big discount. However, some programs may increase your rates if you engage in risky driving behaviors.

Some companies also offer diminishing deductibles and accident forgiveness. A diminishing deductible option decreases your deductible amount each time you renew your policy. Accident forgiveness ensures that your rates won’t increase after your first accident with the company.

What Does South Dakota Require For Car Insurance?

Drivers in South Dakota must meet minimum insurance requirements as outlined by state law, which include basic liability insurance and uninsured/underinsured motorist (UM/UIM) coverage:

• $50,000 bodily injury liability per accident
• $25,000 bodily injury liability per person
• $25,000 property damage liability per accident
• $50,000 underinsured/uninsured motorist bodily injury coverage per accident
• $25,000 underinsured/uninsured motorist bodily injury coverage per person

Liability coverage only takes care of other parties’ injuries and property damages in an accident that you cause. UM/UIM covers your injuries and property damages, but only in the case that the at-fault driver has little to no auto insurance.

Getting comprehensive insurance will ensure that your car is covered if stolen, vandalized, or damaged by floods, fire, animals, or other natural disasters. Collision insurance covers your car repairs after an accident.

Our Take: Best Cheap Car Insurance In South Dakota

When it comes to both minimum and full coverage, GEICO is the best and most affordable car insurance company for most drivers in South Dakota. While the above costs can give you an idea of what you’d pay for car insurance in South Dakota, seeking an individualized rate will help give you a more accurate picture of what you’ll pay.

Many companies offer quick and free tools on their websites that allow you to get price estimates easily. Alternatively, you can reach out to an insurance agent or representative at the company by phone. Once you have gathered quotes from three or more providers, take the time to compare them in order to find the best option for you.

Best Cheap Car Insurance In South Dakota: FAQ

Here are some frequently asked questions about car insurance in South Dakota:

How much is car insurance per month in South Dakota?

The average cost of minimum-coverage car insurance in South Dakota is $32 per month or $385 per year. For full coverage, the average is $229 per month or $2,743 per year.

Is South Dakota Car Insurance Cheaper?

South Dakota auto insurance is typically cheaper than the national average. Nationwide, the average cost of minimum-coverage insurance is 670peryear,whiletheaverageinSouthDakotais∗∗670 per year, while the average in South Dakota is 670peryear,whiletheaverageinSouthDakotais∗∗385 per year. For full coverage, residents of South Dakota pay about $2,743 per year on average, which is more than the national average of $2,216 per year.

How We Rate Insurers

Our review process aims to deliver consistent and unbiased assessments of car insurance providers. While there are multiple qualities that make a car insurance company successful, our review team focuses on those we believe are the most important for consumers:

• Cost: Cost can be difficult to compare between insurers because so many factors impact annual premiums. The cheapest insurer for one driver may not be the cheapest for another. To determine our cost score, we look at insurance rate estimates generated by Quadrant Information Services, discount opportunities, and consumer reports.
• Coverage: To determine our coverage score, we look at the number of coverage options available as well as coverage limits and deductible options. Our ratings also take into account additional services and benefits like roadside assistance.
• Reliability: It’s important that an auto insurer is able to meet its claims obligations. Companies with a strong financial strength rating from AM Best score best in this category. Established insurers with a long history of reliable service also receive positive marks.
• Service: We comb through customer reviews on sites like the Better Business Bureau (BBB) to learn about customer experiences. Insurers with a low volume of complaints score well in this area. We also consider the claims process, giving higher ratings to car insurance providers that offer easy-to-use claims apps.

*Data accurate at time of publication.