Best Cheap Insurance for Used Cars in South Dakota

The words “low-cost” and “insurance” probably shouldn’t be used together, in particular when you are looking for the best coverage prices for used cars. Because it’s so expensive, let’s take a look at some things that have an impact on car insurance premiums, and come up with some ways to take the sting out of the next policy you buy.

One of the more important things that is looked at to determine auto insurance rates is where you call home. Cities with more crime and/or more people like Pine Ridge, Spearfish, and Belle Fourche will most likely pay more, whereas areas with lower vehicle theft rates and fewer weather claims have the luxury of the best cheap insurance for used cars in South Dakota.

The table below ranks the most costly cities in South Dakota for used cars to buy car insurance in.

Rates are approximated as the specific garaging location can revise coverage prices greatly.

Finding reliable, cheap car insurance is not easy, and determining which company offers the cheapest auto insurance rates for used cars requires even more diligence. Every insurance provider uses a little different formula to set policy rates, so let’s take a look at the overall cheapest auto insurance companies in South Dakota.

It’s important to understand that South Dakota auto insurance rates are influenced by many factors that may substantially change the cost of your policy. Improving your financial situation, buying another vehicle, or getting a couple of tickets may cause policy rate changes that can cause some rates to be less affordable than competitors.

Find the Cheapest Car Insurance for Used Cars

Compare Rates and Save

google.charts.setOnLoadCallback(drawSDT5qcibChart);function drawSDT5qcibChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }], [‘USAA’, 657, ‘#67CF33’], [‘Auto-Owners’, 924, ‘#55AC2A’], [‘State Farm’, 997, ‘#468F23’], [‘Farmers Mutual of Nebraska’, 1006, ‘#3A771D’], [‘Unitrin’, 1043, ‘#306318’]]);var options = {title: ‘Top Five Cheap Auto 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:1143,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 quotes some of the most affordable car insurance rates in South Dakota at around $657 annually. Auto-Owners, State Farm, Farmers Mutual of Nebraska, and Unitrin would also make the list of some of the most economical South Dakota car insurance companies.

In the above rates, if you are a customer of Farmers Mutual of Nebraska and switched to USAA, you could see savings of around $349. Customers with Unitrin might save as much as $386 a year, and Farmers policyholders might lower prices by $409 a year.

Be aware that those premiums are averaged for all drivers and vehicles and and are not calculated with a price decrease for used cars. So the auto insurance company that is most affordable for your situation may not even be featured in the company chart above. That helps illustrate why you need to quote rates from as many companies as possible using your own personalized driver profile and vehicle information.

Picking a high-quality company is hard considering how many companies sell insurance in South Dakota. The information shown next may help you decide which companies to look at when trying to find cheaper insurance for used cars.

The ratings below are only comprised of the largest companies in America, so companies that have a smaller presence are not taken into consideration for this list. To compare prices from the insurers below and more, simply click here.

Top 10 Large Car Insurance Companies in South Dakota Ranked by Customer Service

1. Nationwide
2. State Farm
3. Safeco Insurance
4. American Family
5. Liberty Mutual
6. GEICO
7. Allstate
8. The Hartford
9. Farmers Insurance
10. Esurance

Top 10 Large Car Insurance Companies in South Dakota Ranked by A.M. Best Rating

1. USAA – A++
2. GEICO – A++
3. State Farm – A++
4. Allstate – A+
5. Progressive – A+
6. Esurance – A+
7. Nationwide – A+
8. The Hartford – A+
9. The General – A-
10. Safeco Insurance – A

Comparison of full coverage and liability-only policies

Finding the best cheap insurance for used cars in South Dakota is probably important to the majority of vehicle owners, and one of the fastest ways to pay lower rates for insurance is to only pay for liability coverage. The example below visualizes the comparison of yearly insurance costs when comparing full coverage to liability only. Data assumes no violations or claims, $100 deductibles, single status, and no discounts are taken into consideration.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $100 Deductibles’, ‘Liability Only’],[‘Age 20’, 3241,897],[‘Age 30’, 1671,495],[‘Age 40’, 1667,459],[‘Age 50’, 1513,431],[‘Age 60’, 1461,423],[‘Age 70’, 1757,563]]);var options = {title: ‘Full Coverage Rates Versus Liability Only Rates’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in South Dakota’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

If we average all the age groups together, physical damage coverage costs $1,885 per year over and above liability coverage. At some point, almost every driver questions if physical damage coverage is worth the money. There is no definitive rule to eliminate comp and collision coverage, but there is a broad guideline. If the yearly cost of full coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it may be the right time to buy liability only.

How to get the best cheap insurance for used cars in South Dakota

It is possible to find better rates, and here are many thrifty solutions that can help South Dakota drivers get lower-cost auto insurance.

• Bundle home and auto and save
• Higher credit scores may earn you cheaper rates
• Avoid preventable accidents
• Increase your deductibles
• Discounts for being claim-free can be substantial
• You will pay more if you get tickets or have at-fault accidents
• Look for cheaper rates once a year by shopping around

That last tip is highly valuable, as was stressed in the prior information. Insurance rates can be changed at any time, so you should be ready to change to a new company if you can save money. Staying with the same company for years is fine, but it’s not a great idea if that inflexibility results in costing you a lot of money every month. In less than five minutes you could compare prices to find cheaper insurance for used cars.

Best cheap insurance quotes for pre-owned vehicles

Thanks to the internet, there are a lot of ways to get affordable auto insurance quotes in South Dakota, but the most preferred ways are from an independent agent, a captive (or exclusive) agent such as Allstate or State Farm, or from a direct company like Progressive or Geico. You can use whichever you prefer, but each is slightly different in how they give price quotes.

Independent insurance agents have contracts with many companies and can do rate comparisons with every one. These types of agencies can give you a larger rate selection, which can give you the best idea of how your rates compare. If a cheaper price is found, it’s simple to move the policy and you don’t have to find a new agent.

An agent who is captive is only able to quote your policy with just one company, examples being Allstate or State Farm agents. These agents usually cannot provide rate quotes from other companies, which necessitates shopping around.

If you choose to buy auto insurance direct, you skip local insurance agents and instead buy buying direct from a company like Geico or Esurance. Shopping for auto insurance direct may be the best choice families who do not need high levels of coverage and know more than average about the limitations of auto insurance.

Which way is best to buy the best cheap insurance for used cars in South Dakota? The majority of people assume that buying from a direct company results in the cheapest rates since there is no need to pay agent commissions, but unfortunately, it’s not that simple. A good argument could also be made that using an independent agent guarantees the best prices since they have access to many companies, but that assumption is also not accurate. For some people, exclusive agents may have very competitive prices that cannot be beaten by either independent or direct companies.

Since auto insurance rates vary so much, the guaranteed way to get rock-bottom rates is to compare, compare, and compare some more. Put in the effort to get price quotes from independent, exclusive, and direct to get an idea of which is cheapest. We compiled a list of companies with some of the cheapest online rates that you can click here to view.