Cheapest car insurance in South Dakota for 2021
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|
Farmers Mutual of Nebraska?
Farmers Mutual has the cheapest auto insurance in South Dakota at $172 per year for minimum insurance and $1,086 for full coverage. The carrier is cheapest for families that need insurance for multiple vehicles and want to bundle coverage with home or renters insurance. Besides discounts for multi-policies and multiple vehicles, teen drivers can receive a discount after they pass an approved driving safety course.
South Dakota drivers who are active duty service members or veterans can get car insurance coverage from USAA. The average full coverage policy costs $1,337 per year and the average minimum coverage policy costs $188 per year.
In addition to excellent customer service and robust coverage, USAA also offers a variety of discounts. South Dakota drivers can get a cheaper rate by bundling policies, being a good student, garaging their vehicle on a military base, driving under a certain number of miles each year and taking a driver training course.
Learn more: USAA Insurance Review
State Farm is one of the most popular car insurance providers in the country. In South Dakota, the average full coverage policy from State Farm costs $1,242 per year and the average minimum coverage policy costs $226 per year.
In addition to low rates, State Farm offers two safe driver discount programs, Steer Clear for new drivers and Drive Safe & Save for adults. State Farm also has generous discounts for smart students, being accident-free, students away at school, taking a driver training course and insuring multiple cars.
Learn more: State Farm Insurance Review
South Dakota drivers who are looking for encompassing coverage at a reasonable price should consider Farmers. The company offers a variety of unique coverage options, like spare parts coverage, original manufacturer parts coverage (also called OEM coverage), customized equipment coverage, a glass deductible buyback program and much more.
The average full coverage policy from Farmers costs $1,272 per year and the average minimum coverage policy costs $251 per year. Drivers can save even more money if they remain accident-free, bundle two or more policies or qualify for one or more state-specific discounts.
Learn more: Farmers Insurance Review
Progressive insures over 20 million drivers in the United States and is known for offering low rates and good coverage. In South Dakota, the average driver pays $1,655 annually for a full coverage policy from Progressive and $257 annually for a minimum coverage policy.
Progressive offers discounts for having continuous insurance, being claims-free, being a good student, bundling policies, signing up for autopay, paying in full, being a homeowner, getting a quote online and more. Drivers can also enroll in the Snapshot safe driver discount program and use the Name Your Price Tool to find policies within a certain price range.
Learn more: Progressive Insurance Review
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
What is the best car insurance in South Dakota?
The best car insurance company in South Dakota is different for every driver. To find the best car insurance provider for you, shop around and compare providers based on the criteria that you value the most, like good customer service or unique coverage.
What is the average cost of car insurance in the U.S.?
In the United States, the average full coverage policy costs $1,674 per year. For comparison, the average South Dakota driver will pay $1,642 per year for a full coverage policy.
What does full coverage car insurance include?
The standard full coverage car insurance policy typically includes liability coverage, underinsured and uninsured motorists coverage, medical payments, collision and comprehensive coverage (sometimes called “other than collision” coverage). Drivers have the option to purchase endorsements, like roadside assistance or gap insurance, to supplement their full coverage policy, but these options cost extra.
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.