We aren’t here to hit you with complicated, sales-pitches. Our motives are simple: to give you accurate, relevant, and useful car insurance information to help you feel confident in your decision with an insurance company.
We know it can be difficult to find the insurance company that meets your needs. We all want great coverage at a low price, but sometimes it feels like we have to choose between the two sides. Read about South Dakota car insurance laws, state minimums, coverage options, and more right here.
What Are South Dakota’s Car Insurance Requirements?
To drive legally, you need to meet certain basic insurance standards. You’re policy must include bodily injury liability, property damage liability, and uninsured/underinsured coverage with at least the following coverage limits to abide by the law:
- $25,000 for bodily injury liability and uninsured motorist coverage, per person per accident
- $50,000 for bodily injury liability and uninsured motorist coverage, total per accident
- $25,000 for property damage liability per accident
The legal minimums are designed to protect other drivers. If you cause an accident, your basic liability coverage will kick in up to the stated amount for other parties you injure in the process. Your auto damage and personal injuries are not included in this unless the other party was at fault, in which case their liability insurance would cover you.
What Happens If You Don’t Have An Insurance Policy?
If you can’t prove you’re insured by carrying an insurance card or you don’t have insurance at all, you could face the following consequences:
- 30 days in jail
- A $100 fine
- The possibility of having your license suspended for one year
If you cause an accident without insurance, you could also be sued by the other driver or their insurance company. Unfortunately, once you get in trouble for driving without insurance, it will mark your driving history for years to come. The state may require special forms, and insurance companies will charge more to insure you with even minimum coverage limits.
What Factors Determine Insurance Premiums in South Dakota?
Insurance rates are no guessing game. Unless you think the million data points insurance companies use to asses your risk are fun and games. If you have a high-risk factor as a driver, your annual premiums will be higher. If your driving profile indicates you are a low risk driver, you’ll probably pay less. Here are the factors that insurance companies will look at when determining your risk level:
- Address: Your address reveals a wealth of information from crime rates in your area to the rate of insurance claims. This sets a baseline for insurance companies to evaluate your risk.
- Age: Age and risk are an obvious factor when you’re talking about 16 year olds. New drivers who may also be easier to distract pose a higher risk. The age group you fall into can have huge effects on your rate throughout your life.
- Gender: Some states no longer allow insurance companies to use gender to determine rates. In general, male drivers tend to pay more than female drivers, though female driver rates will rise more for their first at-fault accidents.
- Insurance history: Have you been insured with the same carrier for a long time? Have there been any gaps in coverage? These are the common things insurers ask.
- Driving/claims record: Accident forgiveness and other promotions go a long way, but they don’t transfer between carriers. What does is your history of accidents, tickets, etc.
- Credit score: You may not see the connection between your credit score and your driving. Some insurance companies don’t use it. But those that do are looking at risk at a higher level while also accounting for the costs of billing on drivers who don’t pay promptly.
- Coverage: Are you buying the state minimums or more comprehensive insurance? There are plenty of combinations of coverages and policy limits to fit each driver’s needs. your rates are based on this.
Are Certain Cars More Likely to Be Stolen?
Driving responsibly is one part of keeping your rates low. This is why many insurance companies reward drivers for taking defensive driving classes. Driving a car that’s commonly stolen in South Dakota also raises risk and average cost for drivers. Here are the top stolen vehicles that owning could result in higher insurance premiums:
- Ford Pickup (Full Size)
- Chevrolet Pickup (Full Size)
- Ford Taurus
- Buick Lesabre
- Dodge Pickup (Full Size)
- Pontiac Grand Prix
- GMC Pickup (Full Size)
- Ford Explorer
- Pontiac Grand Am
- Chevrolet Impala
*According to www.nicb.org
Can Insurance Agents Help South Dakota Residents Get The Best Rates?
Car insurance rates depend heavily on the driver itself. That’s why the best way to get the most accurate information is to talk to a South Dakota auto insurance expert. They can answer any additional questions you have as well as provide you free quotes from top insurance companies. Insurance agents run quotes for any American family while also looking for insurance discounts to reduce your average cost. This is the best way to get cheap car insurance without sacrificing necessary insurance coverage. We suggest calling one today at [mapi-phone /].
Additional South Dakota Resources