Cheap Auto Insurance for Uninsured Drivers in South Dakota

One of the key factors used to calculate the amount you pay for auto insurance is where you keep your vehicle in South Dakota. Areas with increased crime or more people like Pine Ridge, Spearfish, and Lead are more likely to have higher rates, whereas areas with lower crime rates and fewer weather claims tend to receive slightly lower rates.

The illustration below ranks the most expensive cities in South Dakota for uninsured drivers to purchase auto insurance in.

Price information shown is estimated as vehicle location can influence prices noticeably.

Finding out which company offers the lowest-priced auto insurance rates for uninsured drivers requires more work in order to find the best price. Each auto insurance company has their own process for setting prices, so let’s examine the auto insurance companies with the most affordable rates in South Dakota.

It’s a good idea to be aware that South Dakota auto insurance rates are calculated based on many things that control the price of coverage. Getting older, increasing liability limits, or getting a driving violation may cause policy rate changes that can cause some rates to be cheaper in comparison to the competition.

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USAA has some of the lowest car insurance rates in South Dakota at around $657 per year. Auto-Owners, State Farm, Farmers Mutual of Nebraska, and Western National also qualify as some of the most economical South Dakota auto insurance companies.

In the above example, if you buy coverage from Western National and switched to Auto-Owners, you could realize a yearly price reduction of in the vicinity of $139. Customers with Unitrin could save as much as $178 a year, and Farmers insureds might lower prices by $202 a year.

These policy prices are averaged for all drivers and vehicles in South Dakota and are not factoring in a price discount for uninsured drivers. So the auto insurance company that fits you best may not even be included in the above rate chart. That is why you need to compare prices as often as possible using your own specific driver and vehicle information.

The vehicle needing coverage is probably the most important factor that determines the availablility of the cheapest coverage for uninsured drivers. Vehicles with lower performance, good safety features, or a track record of few liability claims will cost quite a bit less to insure than fast, unsafe models. The lists below outlines car insurance prices for a handful of the cheapest vehicles to insure in South Dakota.

Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and South Dakota minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Rates do not factor in vehicle garaging location which can modify auto insurance rates greatly.

Table data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and South Dakota minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Rates do not factor in specific location which can affect auto insurance rates considerably.

Prices based on single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and South Dakota minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Premium costs do not factor in specific zip code location which can influence auto insurance rates significantly.

Should you buy full coverage?

Finding cheap auto insurance for uninsured drivers in South Dakota is probably important to the majority of vehicle owners, and one of the best ways to save on the cost of insurance is to not pay for full coverage. The diagram below compares car insurance rates with full physical damage coverage compared to only buying liability only. The price estimates are based on no accidents or driving violations, $250 deductibles, drivers are single, and no discounts are applied to the premium.

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Averaged for all ages 20 through 70, physical damage insurance costs $1,553 per year more than insuring for liability only. That brings up the question when is it a good idea to stop buying full coverage. There is no exact rule for phasing out comp and collision coverage, but there is a guideline you can use. If the annual cost of coverage is more than about 10% of the replacement cost minus the deductible, then you may need to consider dropping full coverage.

For example, let’s pretend your vehicle’s claim settlement value is $9,500 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would get paid by your company is $8,500 after you pay the deductible. If it’s costing you more than $850 annually for your policy with full coverage, then it might be time to buy liability only.

There are some situations where eliminating full coverage is not advised. If you still owe money on your vehicle, you are required to maintain full coverage as part of the loan requirements. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should not consider dropping full coverage.