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Are you in need of cheap auto insurance in Sioux Falls, SD? At AutoInsuranceEZ.com, you could find the cheapest insurance policy in your city. To get free car insurance rates offered by the top providers right away, type in your postal code into the quote box here on this page.

During the “Dakota Boom” of the late 1800’s, the westward expansion of the railroad industry and high demand for Sioux Falls granite caused the city to grow, and quickly. Today, the economy has diversified from mining and transportation, and constantly captures the attention of respectable publishers such as Inc. and Forbes magazines.

  • Fun fact: That’s an interesting accent…did you know that Sioux Falls is #8 (57107) on the list of “Top 101 zip codes with the largest percentage of Luxemburger first ancestries (pop 5,000+)”? Uncover more about Sioux Falls.

Auto Insurance Coverage Requirements in South Dakota

Driving legally in Sioux Falls requires:

Coverage Requirements Most Common
Bodily Injury Liability 25,000/50,000 100,000/300,000
Property Damage Liability 25,000 50,000
Uninsured Motorist Bodily Injury Not required 100,000/300,000
Medical Payments Not required 5,000
Collision Not required 500 deductible
Comprehensive Not required 250 deductible

Although Liability coverage may seem like the bargain option, there are many different scenarios in which this coverage will not pay out a single penny on a filed claim. So make sure you do the math properly and have realistic expectations when it comes to your coverage needs.

Hey Sioux Falls drivers, how would you like to pay $25/mo* for your insurance coverage? If so, then you should compare rates now while these super deals are still available. Otherwise, you might still end up paying around $130 or more per month, which is the state average.

Average Monthly Auto Insurance Premiums Legend: Sioux Falls State Farm Buckeye Unitrin Farmers Allstate 5 10 15 20 25 30 35 $25 $19 $32 $34 $35

 

In Sioux Falls, Buckeye and State Farm are in a bit of a bidding war when it comes to attracting customers. But remember: price isn’t everything. You’re paying for a service, and you should do your homework before deciding on which company can provide the best service for a reasonable price.

Companies that supply South Dakota auto insurance policies evaluate various variables while figuring out insurance rates, among them marital status, zip code, your credit report, education, and theft protection devices. On top of that, premiums differ from amongst providers. To make sure that you’re still paying the best cost, examine cheap Sioux Falls auto insurance prices on the web.

Major Car Insurance Factors in Sioux Falls

There are several ways in which your car insurance rate can be calculated. But not all of it is out of your control; there are actions you can take to be able to influence which discounts you are eligible to acquire. Listed below are some of these elements in greater detail:

  • Your Zip Code

Where you park your car each night will likely have a significant impact on your car insurance rate. Generally, auto insurance is cheaper in rural locations simply because a lesser number of vehicles signifies a reduced chance that you’ll get into a collision with another vehicle. The population of Sioux Falls is 164,676 plus the normal household income is $51,158.

Auto Insurance by Zip Code Legend: Aberdeen Brookings Watertown Rapid City Sioux Falls State Farm Buckeye Unitrin Farmers Allstate 5 10 15 20 25 30 35 $18 $18 $17 $19 $25 $19 $19 $19 $19 $19 $25 $25 $26 $30 $32 $26 $23 $21 $28 $34 $36 $35 $33 $38 $35

 

  • Automotive Accidents

Even though Sioux Falls is a respectably-sized town, the rate of serious accidents in the area is thankfully low. And this is good news for more than just the obvious reasons. Insurance providers often lower their rates in cities and towns where their drivers are less likely to get into a serious (and expensive) accident.

Fatal Accidents in Sioux Falls, SD Legend: Sioux Falls Fatal accident count Vehicles involved in fatal crashes Fatal crashes involving drunk persons Fatalities Persons involved in fatal crashes Pedestrians involved in fatal accidents 5 10 15 20 $4 $11 $2 $4 $20

 

  • Auto Thefts in Sioux Falls

Almost all insurance companies are worried about auto theft; this is especially true for motorists who live in larger cities. The greater the populace, the higher the probability that you will have to file an auto theft claim. In recent years, there were 264 stolen cars in Sioux Falls. These numbers reflect some of the highest auto theft rates in the entire state – and they’re also a sign that you might want to put some Comprehensive coverage onto your policy.

Basic vs. Comprehensive Auto Policy Legend: Basic Coverage Comprehensive Coverage State Farm Buckeye Unitrin Farmers Allstate 10 20 30 40 50 60 70 80 90 100 110 120 $25 $60 $19 $77 $32 $68 $34 $82 $35 $122

 

  • Your Credit Score

In some states, the difference between having good credit and poor credit can cause wild fluctuations in your monthly rate. Luckily, South Dakota motorists don’t see too many drastic increases in premiums for having poor credit. There are even providers in the state that don’t factor in credit score at all, which can save you big if you can get them to issue you a policy.

Auto Insurance by Credit Score Legend: Excellent Credit Poor Credit State Farm Buckeye Unitrin Farmers Allstate 5 10 15 20 25 30 35 40 45 $20 $47 $18 $29 $32 $32 $32 $46 $29 $44

 

  • Your Age

The older you are, the more driving practice you have under your belt. And as they say, practice makes perfect. For this reason, insurance companies are willing to offer much cheaper premiums to older drivers. Teenagers and students, however, can end up paying an arm and a leg for their coverage without any driving education or Good Student discounts.

Auto Policy Age Comparison Legend: 34 Year Old 17 Year Old State Farm Buckeye Unitrin Farmers Allstate 20 40 60 80 100 120 140 160 180 $25 $109 $19 $73 $32 $98 $34 $91 $35 $181

 

  • Your Driving Record

Some driving violations are more serious than others. Depending on how your insurance company evaluates risk, you might see a 300% premium increase for a serious crime, such as a DUI, or be denied coverage in general. On the other hand, a speeding ticket or a minor accident might raise your monthly payment by only 1-2%, or even as little as 0% if they offer an accident forgiveness discount.

Driving Violations Legend: Perfect Record Minor Speeding Ticket DUI/Reckless Driving Major At-Fault Accident State Farm Buckeye Unitrin Farmers Allstate 10 20 30 40 50 60 70 80 90 100 $25 $28 $28 $30 $19 Do Not Sell Do Not Sell Do Not Sell $32 $43 $102 $56 $34 $35 $77 $46 $35 $37 $50 $45

 

  • Your Vehicle

The more expensive your vehicle is, the more it will cost to insure. This is because you will have to (or at the very least, be strongly encouraged) to purchase a variety of coverages in sufficiently high amounts to cover every possible scenario. And on leased vehicles, it’s absolutely mandatory.

Car Insurance by Make Model Legend: 2015 Honda Accord 2012 Porsche Boxster Spyder State Farm Buckeye Unitrin Farmers Allstate 15 30 45 60 75 90 105 120 135 150 165 $25 $81 $19 $122 $32 Do Not Sell $34 $95 $35 $168

 

Minor Car Insurance Factors in Sioux Falls

Of course, tweaking some of the factors below can add up to some extra savings over time:

  • Your Marital Status

Finding a life partner is a beautiful thing. And bundling your auto policy with that of your spouse can add up to some beautifully low rates. You can compound the savings even more if you go with a large company offering many different types of financial services to bundle together.

  • Your Gender

As more and more statistical data shows no legitimate increase in risk between male and female drivers, many insurance providers are phasing out the practice of charging alternative based on gender alone. And even if you find an old-fashioned company which still does, you’re probably not paying any more than 1-3% extra.

  • Your Driving Distance to Work

Sioux Falls is actually well known for delightfully short commute times. On average, the typical motorist can expect to spend between 12 and 17 minutes behind the wheel. Close to 90% of residents will get around in their own automobile, while close to 8-13% will carpool.

Most people believe that there is a strong connection between driving fewer miles each year, and having significantly lower automobile insurance rates. Well, it’s true that there is a connection, but unfortunately it isn’t as strong as you might think. Even a dramatic 5,000 mile per year decrease may only net a discount of 4-6%.

  • Your Coverage and Deductibles

Yes, it’s true: you can lower your monthly premiums overall by raising your deductible on things like Collision or Comprehensive coverage. However, it can be a risky gamble if you are not a very safe driver, and end up having to file a claim (but not enough money in the bank to pay your deductible).

  • Education in Sioux Falls, SD

Sioux Falls is a fairly well educated city, with almost 29% already having their high school diploma and another one-fifth (20%) with a bachelor’s degree. Believe it or not, your education has more to do with your car insurance than you might think; well-educated drivers get offered lower rates than almost any other group.

There are many options when it comes to advancing your education in Sioux Falls, whether you’re looking for a public or a private institution. The state-sponsored USDSU system is a system of three public universities – South Dakota State University, the University of South Dakota, and Dakota State University – offer both young students and working adults a chance at earning a degree, with levels ranging from certificates and associate’s to the doctoral level. There are also many private schools affiliated with religious organizations, such as Augustana College or the University of Sioux Falls.

You mustn’t let an unsatisfactory auto insurance provider persuade you into investing in an auto insurance policy that isn’t ideal for you. Of course, the quantity of data needed in order to determine your individual risk profile could be frustrating; however comparison web sites such as this might help make your search a lot easier. Simply just input a few details below, and allow us to take it from there.

How We Conducted Our Car Insurance Analysis

*We calculated our average rate based on the following metrics: a married, 34 year old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, who owns his own home. Miles driven annually were based on the national average. The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.

Sources:

South Dakota Department of Labor and Regulation – Division of Insurance

South Dakota Department of Labor and Regulation – Division of Banking

Department of Highway Safety and Motor Vehicles

City-Data.com

Census.gov

Get started comparing rates right now. It takes only a minute or two, and you will save a lot of money!

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