Who Has the Cheapest Auto Insurance for Retired Military in South Dakota?

The words “low-cost” and “insurance” really should not be used together, specifically when shopping around for the best coverage prices for retired military. To help control this cost, let’s go over a few of the factors that help determine insurance prices, and come up with some ways to cut the cost of your next policy.

For veterans, one of the big criteria used to establish the price of your policy is where you call home in South Dakota. Areas with high crime rates or more dense population like Pine Ridge, Hot Springs, and Spearfish likely pay more, whereas areas with lower crime rates and fewer weather claims have the luxury of the cheapest car insurance for retired military in South Dakota.

The next table rates the most expensive places in South Dakota for retired military to purchase auto insurance in.

Price information shown is estimated as specific South Dakota zip code can alter coverage prices substantially.

The car, truck, or SUV needing coverage is probably the largest consideration when consumers are trying to find cheaper insurance for retired military. Vehicles with lots of horsepower, poor crash test ratings, or an increased likelihood of liability claims will cost much more to insure than safer models.

The tables below ranks car insurance rates for some of the most budget-friendly vehicles to insure in South Dakota.

Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and South Dakota minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Price information does not factor in zip code location which can lower or raise premium rates considerably.

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 multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Premium amounts do not factor in garaging location in South Dakota which can decrease or increase premium rates substantially.

Above prices assume single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and South Dakota minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Premium amounts do not factor in vehicle location which can increase or decrease auto insurance rates substantially.

Comparing quotes for budget car insurance is not always easy, and finding out which company offers the cheapest auto insurance rates for retired military calls for even more work.

Every car insurance company uses their own formula to set premium rates, so first we will examine the auto insurance companies with the most affordable rates in South Dakota. It’s important that readers know that South Dakota auto insurance rates are impacted by many factors that will increase or decrease the price of coverage. Simply improving your credit score, buying a higher-value vehicle, or getting into an accident may cause policy rate changes that can cause some rates to be higher-priced than before.

Best Cheap Insurance Rates for Vets

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google.charts.setOnLoadCallback(drawSDT5qcibChart);function drawSDT5qcibChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }], [‘USAA’, 631, ‘#FF9333’], [‘Auto-Owners’, 888, ‘#D47A2A’], [‘State Farm’, 997, ‘#B06523’], [‘Farmers Mutual of Nebraska’, 1026, ‘#92541D’], [‘Unitrin’, 1033, ‘#794618’]]);var options = {title: ‘Cheap Car Insurance Companies in South Dakota’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 300,’chartArea’: {left:0,top:50,’width’: ‘100%’, ‘height’: ‘70%’},bar: {groupWidth: “90%”},legend: {position: ‘none’},vAxis: {viewWindowMode:’explicit’,viewWindow:{max:1133,min:0}}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});var view = new google.visualization.DataView(data);view.setColumns([0, 1,{ calc: “stringify”,sourceColumn: 1,type: “string”,role: “annotation” },2]);formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.ColumnChart(document.getElementById(‘qcibt5cic’));chart.draw(view, options);}

USAA generally has some of the lowest car insurance rates in South Dakota at around $631 a year. Auto-Owners, State Farm, Farmers Mutual of Nebraska, and Unitrin also qualify as some of the most economical South Dakota auto insurance companies.

As shown in the table above, if you currently buy coverage from State Farm and switched to USAA, you might achieve savings of around $366. Insureds with Farmers Mutual of Nebraska might save as much as $395 a year, and Unitrin customers might see rate reductions of $402 a year.

Bear in mind that those policy rates are averaged for all ages of drivers and types of vehicles and do not factor in a rate decrease for retired military. So the company that has the cheapest price for you may not even be included in the rate chart shown above. That underscores the importance of why you need to compare rates from as many companies as possible using your own driver data and vehicle information.

The diagram below shows how choosing a deductible can influence annual premium costs when researching cheap insurance for retired military. The data is based on a married female driver, full physical damage coverage, and no discounts are factored in.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 1863,1711,1533,1365],[‘Age 30’, 1311,1199,1069,941],[‘Age 40’, 1295,1187,1061,941],[‘Age 50’, 1135,1041,935,831],[‘Age 60’, 1081,993,889,789],[‘Age 70’, 1161,1067,959,857]]);var options = {title: ‘Effect of Deductibles on Car Insurance Prices in South Dakota’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},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);}

As shown above, a 40-year-old driver could lower their policy premium by $200 a year by changing from a $100 deductible to a $500 deductible, or save $304 by switching to a $1,000 deductible. Younger drivers, like the 20-year-old example, can save $498 each year just by choosing larger deductibles. When raising deductibles, it is a good idea to have plenty of money set aside to pay the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.

Geico, Progressive, State Farm, and Allstate compared

When shopping around for auto insurance, four good companies to start with are Geico, Progressive, State Farm, and Allstate. When combined, they have 48.5% of the car insurance market in the United States. They all offer your standard coverages, but each one has a unique set of features, discounts, and options that buyers can choose from. The following table points out ratings and policy coverage options you can buy with each company.