How Much are Car Insurance Quotes for Low Income Drivers in South Dakota?

Everyone has different tastes in autos, and the style of vehicle on the policy is one of the largest considerations that determines if you can find affordable insurance for low income drivers. Vehicles with lots of horsepower, poor passenger safety features, or a high likelihood of having liability claims will cost significantly more to insure than safer models.

The tables below features insurance costs for the cheapest automobiles to insure.

Table data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and South Dakota minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Prices do not factor in zip code location which can decrease or increase premium rates significantly.

Cost estimates assume married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and South Dakota minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Rates do not factor in South Dakota location which can raise or lower insurance rates considerably.

Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and South Dakota minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Information does not factor in zip code location which can raise or lower coverage prices greatly.

For poor drivers, one of the largest considerations that is used by car insurance companies to calculate the policy price is where your car is garaged. More populated areas like Pine Ridge, Hot Springs, and Mobridge will most likely have higher rates, whereas areas with less crime or weather claims get the luxury of paying less.

The table below displays the higher priced cities in South Dakota for low income drivers to purchase a policy in.

Price information shown is comparative as the specific geographic location can modify prices greatly.

Finding reliable, low-priced car insurance is challenging, and finding out which company quotes the lowest-priced insurance rates for low income drivers may require more quotes for comparison. Each insurance company uses their own calculation to establish rates, so let’s begin by examining the insurance companies with the overall cheapest rates in South Dakota.

We do need to point out that South Dakota insurance rates are impacted by many things that may substantially change the cost of your policy. This price variation is why it is so important to compare lots of rates when trying to get the best insurance rates for low income drivers. Auto insurance prices consist of many things and change dramatically, so the best price two years ago may now not even be in the top five.

Best Insurance Companies in South Dakota

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

In the above rates, if you are a policyholder with State Farm and switched to Auto-Owners, you might achieve an annual premium reduction of about $110. Insureds with Unitrin might save as much as $178 a year, and Western National insureds might cut rates by $181 a year.

Be aware that those estimates are averages for all types of drivers and the different vehicles they drive and and are not calculated with a price discount for low income drivers. So the insurer that has the cheapest price for you may not even be included in the list above. That affirms the importance of why you need to get quotes using your own personalized driver profile and vehicle information.

Tickets and at-fault accidents raise rates

The easiest way to snag the most affordable insurance rates for poor drivers is to pay attention while driving and not receive tickets or have accidents. The chart below highlights how speeding tickets and at-fault accidents raise premium costs for each different age group. The premiums assume a single male driver, comprehensive and collision coverage, $250 deductibles, and no other discounts are factored in.

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The data above shows the average cost of auto insurance in South Dakota per year with no accidents and a clean driving record is $1,553. Factor in two speeding tickets and the average cost swells to $2,054, an increase of $502 each year. Now add two accidents along with the two speeding tickets and the 12-month cost of insurance for low income drivers goes up to an average of $3,906. That’s an increase of $2,353, or $196 per month, just for not driving attentively!

Should you buy full coverage?

Finding cheap insurance for low income drivers in South Dakota is the goal of most people, and one good way to buy cheaper insurance is to only buy liability insurance. The information below shows the comparison of premium costs when comparing full coverage to liability only. The premiums are based on no claims or driving violations, $250 deductibles, marital status is single, and no discounts are factored in.

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As an overall average, comprehensive and collision coverage on your policy costs $1,553 per year more than insuring for liability only. That touches on the question if paying for full coverage is worth it. There is no set guideline that is best for determining when to drop full coverage on your policy, but there is a general guideline you can use. If the yearly cost for physical damage coverage is more than about 10% of the replacement cost minus the deductible, then it’s probably a good time to buy liability coverage only.