Who Has Cheap Car Insurance Quotes for Low Credit Scores in South Dakota?

You have most likely watched the ads from car insurance companies like The General, State Farm, and Farmers that make promises of enormous savings, so drivers should just pick the company with the cutest commercial, right?

It’s not that easy, however, as there are a lot of unknowns such as any prior driving offenses, if you are requesting full coverage, your choice of physical damage deductibles, and the number of years you have been driving. If you keep reading, we will teach you about the best ways to avoid paying too much and educate you enough to have a good start in finding the cheapest insurance in South Dakota.

When shopping for the cheapest car insurance for bad credit, one of the many components that help determine auto insurance rates is the neighborhood you call home in South Dakota. Areas with a lot of weather claims or more people like Pine Ridge, Spearfish, and Mobridge are more likely to have higher rates, whereas areas with less congestion generally have lower rates.

The illustration below ranks the most expensive places in South Dakota for low credit scores to buy an auto insurance policy in.

Premium amounts are estimated as zip code location can impact auto insurance rates greatly.

The car, truck, or SUV requiring coverage is a large consideration that determines the availablility of the best car insurance for low credit scores. Vehicles with lower acceleration and performance, good safety features, or a low likelihood of liability claims will cost quite a bit less to insure than high performance models. The list below ranks car insurance costs for a number of the most budget-friendly vehicles to insure in South Dakota.

Prices above based on married female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and South Dakota minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Rates do not factor in South Dakota location which can affect premiums considerably.

By looking at the data, we can infer that models like the Honda CR-V, Hyundai Elantra, Toyota Prius, Dodge Grand Caravan, and Ford Escape are most likely going to be the less-costly vehicles to insure for bad credit.

Ending up with the highest-rated insurance company can be a challenge considering how many choices drivers have in South Dakota. The information listed below could help you select which auto insurers you want to consider to insure your vehicles. The rankings below are only made up of major nationwide insurance companies, so companies without a large exposure are not included in this list.

Top 10 Large Auto Insurance Companies in South Dakota Ranked by Value

1. USAA
2. GEICO
3. AAA Insurance
4. State Farm
5. Liberty Mutual
6. Safeco Insurance
7. Allstate
8. 21st Century
9. Nationwide
10. American Family

Cost comparison with and without full coverage

Finding cheap auto insurance for low credit scores in South Dakota is probably important to most people, and one great way to find cheaper insurance is to only buy liability coverage. The diagram below shows the comparison of car insurance costs with full coverage and liability only. The rates are based on no claims or driving citations, $250 deductibles, drivers are not married, and no discounts are applied.

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If we average all the age groups together, physical damage coverage costs $1,553 per year over liability only. That is a big expense that brings up the question if paying for full coverage is a waste of money. There isn’t a steadfast formula to stop buying physical damage insurance, but there is a general guideline. If the annual cost of your full coverage insurance is more than about 10% of the settlement you would receive from your company, then you might consider buying liability only.

Progressive, Allstate, State Farm, and Geico: Who is cheapest?

When comparing car insurance for bad credit, some of the largest companies to start with are Progressive, Allstate, State Farm, and Geico. When added together, they insure almost 50% of all car insurance policies in America. All offer liability and physical damage insurance, but each one has different options that you can choose from. The next table breaks down some of the different options that you can purchase from each one.