Best Cheap Insurance for Electric Cars in South Dakota

Deciphering which companies offer the lowest-priced insurance rates for electric cars will take a little more work than just quoting one company’s rates.

Each auto insurance company has a unique formula to set policy rates, so let’s take a look at the most affordable insurance companies in South Dakota.

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USAA may have some of the most affordable car insurance rates in South Dakota at around $631 per year. Auto-Owners, State Farm, Farmers Mutual of Nebraska, and Western National would also be considered some of the lowest-priced South Dakota insurance companies.

As illustrated above, if you buy coverage from Farmers Mutual of Nebraska and switched to Auto-Owners, you might achieve annual savings of approxmiately $118. Insureds with Western National could save as much as $180 a year, and Unitrin policyholders might cut rates by $187 a year.

To discover how much you can save, click here to get a free quote or visit any of the companies below.

Be aware that those prices are averages for all drivers and vehicles in South Dakota and and are not figured with a rate decrease for electric cars. So the car insurance company that fits your situation best may not even be included in the company chart above. That emphasizes why you need to compare rates from as many companies as possible using your own specific driver information and vehicle.

The vehicle model you are buying coverage for is probably the biggest factor when trying to find the best cheap insurance for electric cars in South Dakota. Vehicles with high performance features, poor passenger safety features, or a high likelihood of having liability claims will cost much more to insure than safer models. The list below features insurance premiums for the most budget-friendly vehicles to buy insurance for.

Premium data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and South Dakota minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Price information does not factor in specific South Dakota garaging location which can decrease or increase insurance rates noticeably.

By looking at the data, you can assume that makes and models like the Jeep Wrangler, Toyota Prius, Kia Forte, Hyundai Elantra, and Subaru Outback are most likely to be the most budget-friendly vehicles to insure for eco-friendly vehicles.

When shopping for insurance for eco-friendly vehicles, one of the many considerations that control auto insurance rates is where you choose to live in South Dakota. More densely populated places like Pine Ridge, Hot Springs, and Spearfish tend to have more expensive auto insurance rates, whereas more rural areas receive better rates.

The table below shows the priciest cities in South Dakota for electric cars to purchase car insurance in.

Annual rates are approximated as specific South Dakota garaging address can alter auto insurance rates greatly.

Impact of citations and accidents on South Dakota insurance rates

The easiest method to earn the best insurance premiums in South Dakota for eco-friendly vehicles is to be a good driver and avoid accidents and keep your driving record clean. The illustration below shows how speeding tickets and fender-benders can increase car insurance costs for each different age category. The information is based on a married male driver, comp and collision included, $500 deductibles, and no discounts are applied to the premium.

The data in the chart shows the average cost of car insurance in South Dakota per year with a clean driving record and no accidents is $1,606. Get two speeding tickets and the average cost surges to $2,215, an increase of $609 each year. Next add two accidents along with the two speeding tickets and the 12-month cost of insurance for electric cars goes up to an average of $4,569. That’s an increase of $2,962, or $247 per month, just for being a careless driver!

The diagram below illustrates how your deductible choice can affect insurance premiums when getting quotes for cheap insurance for electric cars. The premium estimates are based on a married female driver, full physical damage coverage, and no additional discounts are factored in.

In the chart above, a 30-year-old driver could save $280 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $422 by choosing a $1,000 deductible. Youthful drivers, like the 20-year-old example, could possibly save $598 or more by choosing a higher deductible.

When raising deductibles, it’s a good idea to have enough savings set aside to enable you to pay the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.