Finding good, cost effective auto insurance is not the easiest thing to do, and determining which company offers the most affordable car insurance rates for high risk drivers takes even more shopping around. Coverage prices should be much pricier than the average price in South Dakota due to the added risk that comes with selling insurance for high risk drivers, but economical insurance should be attainable if you look hard enough.
Every car insurance company uses different criteria to determine rates, so let’s take a look at the most competitive car insurance companies in South Dakota. We do need to point out that South Dakota car insurance rates are impacted by many factors that will increase or decrease the cost of having a policy. Improving your credit score, getting divorced, or getting a couple of tickets may generate price changes resulting in some rates now being more affordable than others.
Best Auto Insurance Prices for Risky Drivers
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Rank | Company | Cost Per Year |
---|---|---|
1 | USAA | $650 |
2 | Auto-Owners | $924 |
3 | State Farm | $977 |
4 | Farmers Mutual of Nebraska | $1,026 |
5 | Western National | $1,036 |
6 | Unitrin | $1,043 |
7 | Farmers | $1,099 |
8 | Allied | $1,121 |
9 | Buckeye | $1,190 |
10 | Farm Bureau Mutual | $1,235 |
11 | Progressive | $1,268 |
12 | American Family | $1,466 |
13 | North Star | $1,613 |
14 | Allstate | $1,631 |
15 | GEICO | $1,667 |
16 | National Farmers Union | $1,843 |
17 | Safeco | $2,529 |
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USAA offers some of the most affordable car insurance rates in South Dakota at around $650 a year. Auto-Owners, State Farm, Farmers Mutual of Nebraska, and Western National also are some of the lowest-priced South Dakota auto insurance companies.
In the rate table above, if you are currently insured with State Farm and switched to USAA, you might achieve an annual premium reduction of roughly $327. South Dakota drivers with Farmers Mutual of Nebraska might save as much as $376 a year, and Western National insureds might reduce prices by as much as $386 a year.
Bear in mind that those estimates are averaged across all types of insureds and vehicles and do not take into consideration a rate increase for high risk drivers. So the company that has the cheapest rates for you may not even be included in the list of companies above. That is why you need to get auto insurance quotes using your own driver data and vehicle information.
For high risk drivers, one of the more important things that helps insurance companies calculate the amount you pay for auto insurance is your address in South Dakota. More populated areas like Pine Ridge, Spearfish, and Mobridge will most likely pay more, whereas more rural areas enjoy lower insurance rates.
The next table ranks the most expensive cities in South Dakota for high risk drivers in which to buy car insurance.
Rank | City | Annual Rate |
---|---|---|
1 | Pine Ridge | $1,373 |
2 | Hot Springs | $1,266 |
3 | Spearfish | $1,263 |
4 | Lead | $1,247 |
5 | Mobridge | $1,215 |
6 | Belle Fourche | $1,213 |
7 | Rapid Valley | $1,211 |
8 | Sturgis | $1,201 |
9 | Box Elder | $1,193 |
10 | Rapid City | $1,146 |
11 | Pierre | $1,123 |
12 | Yankton | $1,109 |
13 | Huron | $1,072 |
14 | Milbank | $1,064 |
15 | Mitchell | $1,057 |
16 | Aberdeen | $1,053 |
17 | Madison | $1,043 |
18 | Harrisburg | $1,033 |
19 | Brandon | $1,024 |
20 | Dell Rapids | $1,022 |
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Table data uses approximated as the vehicle garaging location can influence premiums greatly.
The car, truck, or SUV you are buying coverage for is one of the primary factors that determines if you can find the most economical coverage for high risk drivers. Vehicles with lots of speed or power, poor passenger safety features, or a history of substantial liability claims will cost more to insure than more economical and safe models. The table below showcases insurance costs for a handful of the cheaper automobiles to insure.
Make and Model | Estimated Cost for Full Coverage |
---|---|
Ford Escape XLS 2WD | $2,249 |
Honda Accord EX 4-Dr Sedan | $2,259 |
Honda CR-V EX 4WD | $2,276 |
Subaru Forester X Premium AWD | $2,348 |
Ford F-150 XL Regular Cab 2WD | $2,390 |
Volkswagen Jetta S 2.5 Station Wagon | $2,399 |
Toyota Prius | $2,426 |
Chevrolet Traverse LT AWD | $2,448 |
Kia Forte EX 4-Dr Sedan | $2,466 |
Hyundai Tucson GLS 4WD | $2,540 |
Chevrolet Equinox LS 2WD | $2,584 |
Ford Explorer Limited AWD | $2,609 |
Toyota Tacoma Double Cab TRD Sport Package 4WD | $2,614 |
Subaru Outback 3.6R | $2,609 |
Honda Odyssey EX W/Rear Entertainment | $2,660 |
Chevrolet Impala LS | $2,670 |
Toyota RAV4 Sport 4WD | $2,664 |
Chevrolet Malibu Hybrid | $2,669 |
Dodge Grand Caravan Hero | $2,690 |
GMC Sierra SLE Regular Cab 4WD | $2,727 |
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Above prices assume single male driver age 40, two speeding tickets, two at-fault accidents, $1,000 deductibles, and South Dakota minimum liability limits. Discounts applied include multi-policy, multi-vehicle, and homeowner. Price estimates do not factor in specific garaging location which can influence prices considerably.
By looking at the data, you can see that cars like the Ford Escape, Honda Accord, and Honda CR-V will definitely be some of the most budget-friendly vehicles to insure for high risk drivers. Car insurance rates will trend higher just due to the fact that there is more inherent risk for high risk drivers, but generally speaking those vehicles will have the best rates compared to all other vehicles.
The recommended way to score cheap auto insurance for high risk drivers in South Dakota is to drive safely and maintain a clean driving record. The example below demonstrates how citations and accidents can affect car insurance costs for different age categories. The premiums are based on a single female driver, comp and collision included, $1,000 deductibles, and no additional discounts are factored in.
google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘One Speeding Ticket and No Accidents’, ‘One Speeding Ticket and Two Accidents’],[‘Age 20’, 1767,1925,3421],[‘Age 30’, 1193,1351,2849],[‘Age 40’, 1119,1277,2775],[‘Age 50’, 979,1139,2635],[‘Age 60’, 949,1105,2601],[‘Age 70’, 1117,1277,2771]]);var options = {title: ‘Impact of Tickets and Accidents on South Dakota Insurance Cost’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in South Dakota’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}
In the previous example, the average cost of car insurance in South Dakota per year with a clean driving record and no accidents is $1,187. Factor in one speeding ticket and the average cost surges to $1,346, an increase of $158 each year. Now add two accidents along with the one speeding ticket and the 12-month cost of car insurance for high risk drivers goes up to an average of $2,842. That’s an increase of $1,655, or $138 per month, just for not being a responsible driver!
The chart below demonstrates how deductibles can increase or decrease insurance premiums when trying to find cheap insurance for high risk drivers. The premium estimates are based on a single male driver, full coverage, and no additional discounts are factored in.
google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 2897,2643,2365,2101],[‘Age 30’, 1509,1389,1249,1115],[‘Age 40’, 1493,1367,1223,1083],[‘Age 50’, 1359,1247,1117,993],[‘Age 60’, 1313,1205,1081,963],[‘Age 70’, 1587,1465,1327,1195]]);var options = {title: ‘Impact of Deductibles on Auto Insurance Cost in South Dakota’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}
A 50-year-old driver could reduce rates by $242 a year by changing from a $100 deductible up to a $500 deductible, or save $366 by using a $1,000 deductible. Young drivers, like the Age 20 category, can cut $796 or even more just by choosing higher deductibles when buying full coverage. If you do raise deductibles, it is essential to have enough funds in savings to pay the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.