Wouldn’t it be easy if we could instantly tell you the exact company that has the best deal on coverage for unemployed drivers? It’s not quite that easy, unfortunately, as there are a whole bunch of unknowns like the amount of liability insurance you need, your credit score, and the performance level of your vehicle, that all have an effect on the price of a policy. In this article, we will cover the best ways to find cheap auto insurance and should give you a good beginning to your quest for cheaper car insurance in South Dakota.
For the unemployed, one of the more important considerations that determine the price of your policy is where you normally keep your vehicle. More densely populated places like Pine Ridge, Spearfish, and Belle Fourche tend to pay more, whereas more rural areas have the gratification of cheap insurance for unemployed drivers in South Dakota.
The illustration below lists the highest-priced places in South Dakota for unemployed drivers to buy auto insurance in.
Rank | City | Annual Premium |
---|---|---|
1 | Pine Ridge | $1,359 |
2 | Lead | $1,285 |
3 | Spearfish | $1,263 |
4 | Sturgis | $1,250 |
5 | Belle Fourche | $1,250 |
6 | Hot Springs | $1,228 |
7 | Mobridge | $1,215 |
8 | Box Elder | $1,205 |
9 | Rapid Valley | $1,163 |
10 | Rapid City | $1,146 |
11 | Pierre | $1,123 |
12 | Yankton | $1,087 |
13 | Milbank | $1,086 |
14 | Mitchell | $1,068 |
15 | Huron | $1,062 |
16 | Dell Rapids | $1,053 |
17 | Aberdeen | $1,053 |
18 | Vermillion | $1,040 |
19 | Brandon | $1,034 |
20 | Madison | $1,033 |
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Premium amounts are comparative as the specific zip code location can increase or decrease coverage prices significantly.
Trying to find affordable car insurance is confusing at best, and determining which company offers the best insurance rates for unemployed drivers may require even more diligence.
Each insurance company uses their own formula to determine rates, so let’s rank the most affordable insurance companies in South Dakota. It’s important to know that South Dakota insurance rates are based on many factors that may substantially change the policy premium. That is why South Dakota drivers need to take the time to shop around when trying to find the cheapest insurance rates for unemployed drivers. Insurance prices can be determined by many risk factors and change dramatically, so the most economical option two years ago may now be an over-priced policy.
Find the Cheapest Auto Insurance for Job Seekers
Rank | Company | Cost Per Year |
---|---|---|
1 | USAA | $638 |
2 | Auto-Owners | $924 |
3 | State Farm | $1,007 |
4 | Western National | $1,036 |
5 | Farmers Mutual of Nebraska | $1,036 |
6 | Unitrin | $1,043 |
7 | Farmers | $1,066 |
8 | Allied | $1,109 |
9 | Buckeye | $1,190 |
10 | Farm Bureau Mutual | $1,272 |
11 | Progressive | $1,280 |
12 | American Family | $1,480 |
13 | Allstate | $1,631 |
14 | North Star | $1,662 |
15 | GEICO | $1,667 |
16 | National Farmers Union | $1,919 |
17 | Safeco | $2,529 |
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USAA may have some of the cheapest car insurance rates in South Dakota at around $638 annually. Auto-Owners, State Farm, Western National, and Farmers Mutual of Nebraska are also some of the more affordable South Dakota car insurance companies.
In the above rates, if you currently have coverage with Farmers Mutual of Nebraska and switched to Auto-Owners, you may realize a yearly price reduction of about $112. Customers with Unitrin may save as much as $119 a year, and Farmers insureds might reduce rates by $142 a year.
Bear in mind that those premium estimates are averaged across all drivers and vehicles and and are not calculated with a rate decrease for unemployed drivers. So the insurer that can offer you the lowest price may not even be included in the above list. That emphasizes why you need to compare rates from multiple companies using your own driver information and specific vehicle type.
The car, truck, or SUV that is being insured is one of the main factors that determines whether or not you can buy cheap insurance for unemployed drivers in South Dakota. Vehicles with high performance features, a lack of advanced safety features, or an increased likelihood of liability claims will cost significantly more to insure than safer, lower-performance models.
The next tables features auto insurance prices for some of the most affordable vehicles to insure.
Make, Model, and Trim Level | Annual Cost | Semi-Annual Cost | Monthly Cost |
---|---|---|---|
Chevrolet Malibu LS | $864 | $432 | $72 |
Ford Focus SE 4-Dr Sedan | $842 | $421 | $70 |
Ford Fusion Sport 4-Dr Sedan | $938 | $469 | $78 |
Honda Accord LX-P 4-Dr Sedan | $732 | $366 | $61 |
Honda Civic Hybrid 4-Dr Sedan | $938 | $469 | $78 |
Hyundai Elantra SE Touring Station Wagon | $804 | $402 | $67 |
Hyundai Sonata GLS 4-Dr Sedan | $918 | $459 | $77 |
Nissan Altima 3.5 SR 2-Dr Coupe | $1,042 | $521 | $87 |
Volkswagen Jetta 2.0T 4-Dr Sedan | $938 | $469 | $78 |
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Cost estimates assume married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and South Dakota minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, homeowner, and claim-free. Information does not factor in garaging location in South Dakota which can affect auto insurance rates significantly.
Make, Model, and Trim Level | Annual Cost | Semi-Annual Cost | Monthly Cost |
---|---|---|---|
BMW X5 M AWD | $1,176 | $588 | $98 |
Cadillac Escalade Hybrid Platinum 4WD | $1,280 | $640 | $107 |
Chevrolet Traverse LTZ AWD | $826 | $413 | $69 |
Ford Escape XLT 2WD | $732 | $366 | $61 |
Ford Explorer Limited 4WD | $886 | $443 | $74 |
GMC Acadia SL AWD | $814 | $407 | $68 |
Honda CR-V EX-L 2WD | $754 | $377 | $63 |
Honda Fit | $702 | $351 | $59 |
Honda Pilot LX 2WD | $814 | $407 | $68 |
Jeep Grand Cherokee Limited 4WD | $938 | $469 | $78 |
Kia Sportage LX 4WD 4-Dr | $864 | $432 | $72 |
Toyota 4Runner Limited 4WD | $900 | $450 | $75 |
Toyota Highlander Limited 2WD | $960 | $480 | $80 |
Toyota RAV4 Limited 2WD | $864 | $432 | $72 |
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Data variables include married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and South Dakota minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Premium amounts do not factor in vehicle location which can increase or decrease premium rates greatly.
Make, Model, and Trim Level | Annual Cost | Semi-Annual Cost | Monthly Cost |
---|---|---|---|
Chevrolet Silverado 3500HD LT Crew Cab Diesel 2WD | $1,032 | $516 | $86 |
Chevrolet Silverado LTZ Extended Cab 4WD | $938 | $469 | $78 |
Dodge Ram 2500 Mega Cab SLT 4WD | $1,014 | $507 | $85 |
Dodge Ram 3500 Mega Cab Laramie 2WD | $1,032 | $516 | $86 |
Dodge Ram Crew Cab SLT 4WD | $1,014 | $507 | $85 |
Ford F-150 Lariat Crew Cab 4WD | $886 | $443 | $74 |
Ford F-250 Lariat Crew Cab 2WD | $1,064 | $532 | $89 |
GMC Sierra 2500HD SLT Extended Cab 2WD | $1,042 | $521 | $87 |
GMC Sierra SLT Extended Cab 4WD | $938 | $469 | $78 |
Toyota Tundra Regular Cab 2WD | $846 | $423 | $71 |
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Cost estimates assume married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and South Dakota minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Estimates do not factor in the specific area where the vehicle is garaged which can raise or lower rates noticeably.
The example below demonstrates how choosing different deductibles can change insurance costs when quoting cheap insurance for unemployed drivers. The prices are based on a single female driver, comprehensive and collision coverage, and no discounts are applied.
The chart above illustrates that a 30-year-old driver could lower their policy premium by $322 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $484 by using a $1,000 deductible. Younger drivers, like the 20-year-old example, could possibly save up to $710 or even more by selecting a higher deductible. If you do make the decision to raise your deductibles, it is necessary to have enough savings to enable you to pay the extra out-of-pocket expense, which deters some people from using high deductibles.
If you are looking for the best car insurance for the unemployed, the companies with the most market share are Geico, Progressive, Allstate, and State Farm. The following table ranks pricing and service ratings, plus some optional coverages that you can purchase from each one.
Geico | Progressive | Allstate | State Farm | |
---|---|---|---|---|
Overall Cost | 1st | 3rd | 4th | 2nd |
Number of Discounts | 2nd | 4th | 1st | 3rd |
Customer Satisfaction | 1st | 3rd | 2nd | 4th |
Claims Service | 3rd | 4th | 1st | 2nd |
Amount of market share | 11.4% | 8.8% | 10% | 18.3% |
Customers who recommend | 87% | 88% | 86% | 88% |
A.M. Best rating | A++ | A+ | A+ | A++ |
Standard & Poor’s financial rating | AA+ | AA | AA- | AA |
New car replacement | No | No | Yes | No |
Usage-based insurance | No | Yes | Yes | Yes |
Roadside assistance | Yes | Yes | Yes | Yes |
Mechanical breakdown insurance | Yes | Yes | No | No |
Uber and Lyft insurance | Yes | Yes | Yes | Yes |
Accident forgiveness coverage | Yes | Yes | Yes | No |
Types of agents used | From a Geico agent or online | Buy online or from an independent agent | Can only buy from Allstate agents | Can only buy from State Farm agents |
Number of agents | 150+ | 30,000+ | 11,000+ | 18,000+ |
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The list below summarizes a few penny-pinching ideas that can help drivers buy the cheapest auto insurance.
The final tip is incredibly critical, as we pointed out in this write-up. Rates can be changed at any time, so don’t be unwilling to buy a policy from a new company if you can save money. Staying with the same company for years is fine, but is isn’t recommended if that loyalty ends up costing hundreds of dollars a year. Now is a great time to compare rates to find cheaper insurance for unemployed drivers.