MoneyGeek’s car insurance calculator provides a quick and easy estimate for your car insurance needs in South Dakota. We also analyzed how car insurance rates are calculated in the state to help you identify which factors can increase your premium and which can help you save on your insurance.
South Dakota Car Insurance Calculator: Estimate Your Car Insurance Costs
Updated: October 3, 2024
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Nov 20, 2024
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South Dakota Car Insurance Calculator: How it Gets You an Instant, Free Estimate
When obtaining a car insurance quote in South Dakota, you will be required to provide personal information and vehicle details, which usually takes around 10–15 minutes to complete.
A quicker alternative to get an estimate of your car insurance premium per month or year is to use our car insurance calculator. This tool calculates how much car insurance you need in South Dakota based on different factors, such as your age, driving record, vehicle type and your desired coverage levels.
Our calculator found that the biggest factors that affect a car insurance premium in South Dakota are whether you are adding a teen driver to the policy, the coverage levels you need and your age. However, these factors may change depending on your profile and situation.
There are several factors to consider when determining the most affordable insurance in South Dakota, but our calculator can help you instantly get a close estimate. Our default driver pays around $261 per year for car insurance with Farmers Mutual of Nebraska, the cheapest widely-available company in South Dakota.
However, you shouldn’t solely focus on the price, as there are other important factors to consider, such as customer service and the levels of coverage you need.
FACTORS TO CONSIDER WHEN GETTING A CAR INSURANCE ESTIMATE IN SOUTH DAKOTA
You can use a calculator to get an estimate of your premium, or explore our collection of sample drivers in our list of the cheapest car insurance in South Dakota.
MoneyGeek broke down the average cost of car insurance in South Dakota to see how they stack up with insurance rates in other states.
If cost is not your only priority, we have compiled the best car insurance companies in South Dakota that offer excellent customer support and service quality.
How Car Insurance Premiums are Calculated in South Dakota
When obtaining a car insurance quote in South Dakota, you will be required to provide personal information and vehicle details, which usually takes around 10–15 minutes to complete.
A quicker alternative to get an estimate of your car insurance premium per month or year is to use our car insurance calculator. This tool calculates how much car insurance you need in South Dakota based on different factors, such as your age, driving record, vehicle type and your desired coverage levels.
Our calculator found that the biggest factors that affect a car insurance premium in South Dakota are whether you are adding a teen driver to the policy, the coverage levels you need and your age. However, these factors may change depending on your profile and situation.
There are several factors to consider when determining the most affordable insurance in South Dakota, but our calculator can help you instantly get a close estimate. Our default driver pays around $261 per year for car insurance with Farmers Mutual of Nebraska, the cheapest widely-available company in South Dakota.
However, you shouldn’t solely focus on the price, as there are other important factors to consider, such as customer service and the levels of coverage you need.
How Much Adding a Teen Driver Matters in Calculating Car Insurance in South Dakota
Teenage drivers are inexperienced, making them more prone to accidents than other age groups. As a result, insurers consider them to be higher-risk and charge more for their car insurance premiums.
In South Dakota, adding a teen driver to your policy is the biggest factor that can increase your insurance cost. It can multiply your premiums by up to 3.4 times.
How Much Age of Driver Matters in Calculating Car Insurance in South Dakota
Car insurance companies in South Dakota use age as a rating factor to decide your premiums. Young drivers usually pay more than adult drivers because they are inexperienced and are more likely to get into crashes.
In South Dakota, the cheapest car insurance is for a 40-year-old driver, while the most expensive is for a 19- or 20-year-old driver. If you are a 19- or 20-year-old driver, you will pay 2.3x higher insurance premiums than a 40-year old driver.
How Much Coverage Levels Matters in Calculating Car Insurance in South Dakota
Your desired coverage level is another crucial factor that affects your car insurance premiums in South Dakota. Getting more coverage provides an additional layer of protection, but it also makes your insurance more expensive.
In South Dakota, the cheapest policy is state minimum liability-only, while the most expensive is full coverage with a $500 deductible and 100/300/100 liability. Getting full-coverage insurance can multiply your premiums by 2.6 times.
How Much Credit Score Matters in Calculating Car Insurance in South Dakota
You can significantly reduce your car insurance premium in South Dakota if you have an excellent credit rating. If your credit score is in good shape and you have good driving records, you can save on your car insurance premium.
In South Dakota, drivers with excellent credit get the cheapest car insurance rates, while drivers with poor credit pay higher car insurance premiums. Drivers with excellent credit ratings save up to 1.9x than drivers with poor credit scores.
How Much Car Model Matters in Calculating Car Insurance in South Dakota
The model of the car you’re driving in South Dakota also determines the price of your car insurance policy. You can expect to pay more for your car insurance if your car has expensive parts or repair costs. On the other hand, cars with safety features are less expensive to insure.
In South Dakota, luxury sports car drivers can pay as much as 2x more for car insurance than those who drive compact SUVs.
How to Calculate How Much Car Insurance You Need in South Dakota
The amount of coverage levels your purchase is one of the most significant factors affecting your car insurance premium in South Dakota. To get the sweet spot between cost and level of protection, it’s important that you know how much insurance you need.
South Dakota requires drivers are not required to get bodily injury liability insurance and property damage liability insurance. Still, you should consider buying additional liability insurance and comprehensive and collision insurance, depending on your situation.
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Understand South Dakota car insurance requirements
To help you determine how much car insurance you need, you should review and understand South Dakota’s minimum car insurance requirements.
Minimum coverage in South Dakota only protects you for $25,000 of bodily injury liability per person up to a total of $50,000 of bodily injury liability per incident. Comprehensive and collision insurance, which protects you against vehicle or property damage, is not required for drivers in South Dakota.
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Consider Purchasing Additional Liability Insurance
You may need liability insurance beyond the state minimum if you want additional protection against the costs of a major accident.
In South Dakota, a policy that provides coverage for $300,000 in bodily injury liability per accident costs an average of $427 per year, compared to $343 for the minimum liability insurance.
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Decide whether or not to buy comprehensive and collision insurance
You may not need a full-coverage policy in South Dakota, but if you’re leasing or financing the purchase of your car, your lender will likely require you to carry full coverage insurance.
Adding comprehensive and collision with a $1,000 deductible to your policy costs around $354 per year. It might be a good idea to drop it if your car if you’re insuring a car that is worth only a few thousand dollars.
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Consider buying additional protection besides these core coverages
South Dakota law doesn’t require you to buy uninsured or underinsured motorist coverage. However, you might want to consider buying it for protection against a collision involving uninsured or underinsured drivers. South Dakota has a relatively low percentage of uninsured or underinsured motorists, at 7.45%, but it’s still a good idea to have this additional protection.
South Dakota doesn’t require personal injury protection, but you can consider buying medical payments coverage to help you pay for medical expenses caused by an accident.
Frequently Asked Questions About How Car Insurance is Calculated in South Dakota
To help you better understand how car insurance works in South Dakota, we answered some of the frequently asked questions about how premiums are calculated in the state.
How can I estimate how much my car insurance costs in South Dakota?
You can request a customized estimate of your car insurance in South Dakota by providing information, such as your age, driving history and vehicle information. Another option to get quotes instantly is to use our calculator.
What are the most important factors companies use to calculate auto insurance costs in South Dakota?
The top three factors that determine the price of car insurance in South Dakota are whether you’re adding a teenage driver to your policy, the coverage levels you need and your age.
How do I calculate how much car insurance I need?
Apart from understanding the state law and minimum coverage requirements, you need to decide if you require additional protection, such as comprehensive and collision insurance. Our quick and easy-to-use calculator can help you determine how much car insurance you need before you buy.
Methodology
MoneyGeek partnered with Quadrant Data Services to get car insurance quotes from across South Dakota. Our data science team analyzed how personal factors impacted cost and incorporated our findings into our calculator to provide users with an accurate estimate of their expected yearly auto insurance costs. Read more about our methodology here.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.