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Cheapest car insurance in South Dakota for 2022

Updated Sep 30, 2022
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In 2020, there were 25,890 drivers involved in accidents in the state of South Dakota. There are less than 700,000 licensed drivers in South Dakota, but every car owner is required to carry a minimum amount of auto insurance. The average South Dakota driver will pay $1,642 per year for a full coverage insurance policy and $275 per year for a minimum coverage insurance policy.

The cheapest car insurance in South Dakota

There are several popular insurance carriers that offer cheap auto insurance in South Dakota. The table below highlights the cheapest car insurance providers in South Dakota with the largest market share, as well as their average annual full coverage and minimum coverage policy premiums:

Car insurance company Average annual premium for minimum coverage Average annual premium for full coverage
Farmers Mutual of Nebraska $172 $1,086
USAA $188 $1,337
State Farm $226 $1,242
Farmers $251 $1,272
Progressive $257 $1,655

Minimum coverage for South Dakota drivers

The cheapest auto insurance in South Dakota is minimum coverage. South Dakota law requires all drivers with a registered vehicle to carry personal liability and uninsured/underinsured motorist coverage. Minimum coverage insurance in South Dakota is represented as 25/50/25, which translates to $25,000 in bodily injury coverage per person, $50,000 in bodily injury coverage per accident and $25,000 in property damage coverage per accident. Uninsured motorists property damage coverage, which provides coverage for your car in the event that you are hit by an uninsured motorist, is not mandatory.

It is recommended that drivers in South Dakota purchase coverage beyond the required amount if they are financially able to do so. In the event of an at-fault accident, if a driver’s financial responsibility exceeds their policy’s coverage limit, they become responsible for paying the remaining damages out of pocket. Talk to an agent to determine the most appropriate coverage level for your needs.

How to get cheap car insurance in South Dakota

There are a number of ways that drivers in South Dakota can get cheap car insurance. Here are some suggestions:

  • Shop around: Spend some time researching insurance providers. Every insurance company is different, so evaluating providers with your personal criteria in mind is important.
  • Get multiple quotes: When you find a few promising providers, get price quotes from each one and compare them side-by-side to see which company can give you the best price for the amount of coverage you want.
  • Take advantage of discounts: Look for insurance companies that offer a wide range of discounts. The five providers we evaluated each offer a few discounts that many drivers are able to take advantage of.
  • Work on your credit score: Auto insurance providers consider your credit an indication of how frequently you may file claims. A higher credit score often results in a lower premium.
  • Increase your deductible: Your deductible is the amount of a claim you agree to pay in the event of an at-fault accident. If you can afford to do so, consider increasing your deductible to get a cheaper monthly rate. Be sure to have your agent quote this change first, as deductible increases do not always result in significant savings.

Frequently asked questions

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our base profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should only be used for comparative purposes.

Written by
Elizabeth Rivelli
Insurance Contributor

Elizabeth Rivelli is a contributing insurance writer for Bankrate and has years of experience writing for insurance domains such as The Simple Dollar, Coverage.com and NextAdvisor, among others

Edited by Insurance Editor