Car insurance rates depend on many factors, perhaps none as important as the insurers you get quotes from. You’ll typically receive very different rates for a policy depending on the insurer, so compare as many prices as you can if you want cheap car insurance in South Dakota. Your driving history, age and credit also affect your rates.
To help you find the most competitive prices for your situation, NerdWallet gathered rates from the seven largest insurers in the state and found the three cheapest options for these driver profiles:
Also in this article
» FIND YOUR MATCH: Who’s the cheapest carrier for you?
Cheapest for good drivers
For drivers with no at-fault crashes, DUIs or moving violations.
Among the three cheapest companies for good drivers, the average cost was $891 per year. State Farm led the pack with the cheapest quote overall at $831 per year, or about $69 a month. Farmers Mutual of Nebraska and Farmers Insurance rounded out the list of most affordable options for good drivers among large insurers.
Cheapest for young drivers
For drivers in their early 20s.
Because of their inexperience, young drivers may face steep rates if they purchase the same amount of coverage as older drivers. But since those in their early 20s usually have less to lose financially in a crash lawsuit, it’s reasonable for them to buy lower coverage.
We analyzed rates for young drivers carrying the minimum legal coverage amounts and found relatively cheap car insurance in South Dakota. The best deal we saw was $409 per year from American Family. That’s $422 less than the cheapest price we found for 30-year-old good drivers carrying full coverage. All three of the companies above offered rates under $37 a month, so young South Dakotans have a few decently priced options.
Cheapest for drivers with one at-fault crash
Causing a crash typically means a rate increase when you renew your policy. It’s a good idea to shop around if you have a blemish on your driving record because you might find that other companies offer a better deal.
The cheapest quote we found for drivers with an at-fault crash was $962 per year from State Farm — $131 more than the best deal for drivers of the same age with no accidents. Farmers Insurance and Farmers Mutual of Nebraska were the next cheapest options, respectively, but each had rates well above State Farm in our analysis.
Cheapest for drivers with poor credit
For drivers placed in the “Poor Credit” tier.
In most states, including South Dakota, companies can use a credit-based insurance score to help gauge applicants’ chances of filing claims. Drivers with poor credit tend to get saddled with higher rates than most other motorists.
For example, Farmers had the cheapest average rate for this group at $1,169 per year. That’s $338 more than the best deal we found for good drivers with no credit problems, and $207 more than the lowest rate we found for drivers with an at-fault crash.
Cheapest for retired drivers
For drivers in their mid- to late 60s who no longer use their car for commuting.
Auto insurance doesn’t have to get more expensive in your golden years. In fact, because retirees can cut down on driving once they give up the daily commute, they can find comparatively cheap car insurance in South Dakota.
We looked at rates for motorists in their 60s who travel half as much per year as other groups. State Farm had the cheapest average rate at $628 per year. That’s $203 less than the most affordable price we found for good drivers less than half that age who commute.
Minimum car insurance requirements in South Dakota
South Dakota car insurance policies must include liability insurance and uninsured/underinsured motorist bodily injury coverage with at least the following limits:
- $25,000 bodily injury liability per person
- $50,000 bodily injury liability per crash
- $25,000 property damage liability per crash
- $25,000 UMBI/UIMBI per person
- $50,000 UMBI/UIMBI per crash
Check out NerdWallet’s guide to minimum car insurance requirements by state for details on how these coverages work, plus information on other options you might want, such as collision and comprehensive coverage.
Alternative car insurance for high-risk drivers
If you have multiple crashes, poor credit or other insurance red flags, you could have trouble buying a policy on the voluntary market. As an alternative option, you can seek coverage through the South Dakota Automobile Insurance Plan.
For more help finding cheap car insurance in South Dakota, try NerdWallet’s car insurance comparison tool.
Here’s a summary of where you’ll find the cheapest insurance, by category:
Cheapest car insurance in South Dakota
|Good drivers||State Farm|
|Young drivers||American Family|
|Drivers with one at-fault crash||State Farm|
|Drivers with poor credit||Farmers|
|Retired drivers||State Farm|
For most categories, NerdWallet averaged rates for 30-year-old men and women in 10 ZIP codes and with the following coverage limits:
We used a 2013 Toyota Camry in all cases. Our sample retired driver was age 67 and drove 50% fewer annual miles than motorists in other groups. Our sample young driver was age 22 and carried the minimum required coverage levels. These are sample rates generated through Quadrant Information Services. Your own rates will be different.