Car insurance in South Dakota costs an average of $27 per month for a minimum coverage policy and an average of $143 monthly for full coverage.
Types of Car Insurance Required in South Dakota
Bodily injury liability insurance of at least $25,000 per person and $50,000 per accident. Bodily injury liability insurance pays for the medical expenses of other drivers in accidents you cause. It can cover things like hospital fees, loss of income, pain and suffering, and funeral costs.
Property damage liability of at least $25,000. Property damage liability insurance pays for other drivers' property damage in accidents you cause. It can cover things like vehicle repairs or damage to stationary objects like houses or fences.
Uninsured motorist insurance of at least $25,000 per person and $50,000 per accident. Uninsured motorist coverage pays for your expenses after an accident caused by a driver who doesn't have any car insurance.
Premiums are representative of a 45-year-old good driver with a minimum coverage policy.
South Dakota is similar to the majority of states in that it requires all drivers to have at least a certain amount of car insurance. Virginia and New Hampshire, on the other hand, are the only states that do not require drivers to carry traditional auto insurance.
Liability insurance pays for others’ medical expenses and property damage after an accident you were responsible for. In addition, drivers in South Dakota will need to purchase $25,000 per person and $50,000 per accident in … read full answeruninsured/underinsured motorist coverage to satisfy the state’s minimum car insurance requirements.
If South Dakota drivers do not purchase at least the minimum amounts of car insurance coverage required by South Dakota law, they can face penalties for driving without insurance.
Drivers should also consider purchasing other types of car insurance in order to better protect themselves, given that liability insurance does not provide any coverage for the policyholder’s own injuries or property. For instance, both collision insurance and comprehensive insurance cover damage to the policyholder’s car. You will likely need these types of insurance if your vehicle is financed.
Car insurance in South Dakota is $25 per month for minimum coverage and $152 per month for full coverage, on average. The cheapest insurance companies in South Dakota are Farmers Mutual of Nebraska, Geico and State Farm, and getting quotes from several companies can help you find the best deal.
The average cost of car insurance in South Dakota is 58% lower than the national average auto insurance premium, and South Dakota ranks 3 out of 50 for the most affordable car insurance rates in the U.S.. There are several factors that affect how much you’ll pay for car insurance in South Dakota, including your driving record, age, location, the amount of coverage that you purchase, and the insurance company you buy it from.
Finally, it’s worth noting that car insurance premiums in South Dakota are average, compared to the cost of coverage in neighboring states like North Dakota and Wyoming. You can find more details in the table below.
Cost of Car Insurance in South Dakota vs. Neighboring States
Full coverage insurance in South Dakota is usually defined as a policy that provides more than the state’s minimum liability coverage, which is $25,000 in bodily injury coverage per person, up to $50,000 per accident, and $25,000 in property damage coverage. Full coverage in South Dakota also includes optional collision and comprehensive insurance… read full answer. As a result, full coverage insurance costs an average of $1,822 per year in South Dakota, while a state minimum policy costs $304 per year.
If you can’t afford to repair or replace your car after an accident, collision and comprehensive are important coverage types—even if they’re not required. Collision insurance covers repair or replacement costs if you are in an accident, drive into an object, or flip your car. Comprehensive insurance covers repair or replacement costs if your car is damaged by falling objects, natural disasters, floods, fires, theft, vandalism, or animals. Full coverage insurance costs an average of $1,822 per year in South Dakota, while a state minimum policy costs $304 per year. Lenders usually require collision and comprehensive in addition to the insurance you must have under South Dakota law when you finance a car.
Most people should also choose higher liability coverage limits than what is required by South Dakota law. If you cause an accident and your liability limits don’t cover the whole bill, you are still personally responsible for the rest. In the end, “full coverage” means having the right amount of coverage to protect your assets in a worst-case scenario.
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