On average, car insurance policies in Sioux Falls cost $817 annually, equal to the state average. The cheapest widely available insurer is State Farm, which has an average rate of $675. MoneyGeek evaluated insurance rates by coverage amount and driving history. For those who value both quality and cost, MoneyGeek ranked the best companies in the city.
bestauto insuranceSioux Falls2021The Cheapest and Best Car Insurance in Sioux Falls
Cheapest Overall - State Farm
Best Overall - Auto-Owners Insurance Co
Cheapest State Minimum - USAA
Cheapest With a Driving Violation - State Farm
The Cheapest Car Insurance Companies in Sioux Falls
On average, the most affordable insurers in Sioux Falls for a full coverage policy are:
- USAA: $531 yearly (only available to current and former military members)
- State Farm: $675 yearly
If you are looking for cheap car insurance in Sioux Falls, then you may want to check the top five most affordable carriers in the city. These are USAA, State Farm, Farmers Mutual of Nebraska, GEICO and Farmers. The cheapest option comes from USAA with an average rate of $561 per year. However, USAA has a strict membership policy: only members of the military and their families qualify.
The second most affordable car insurance company in Sioux Falls is State Farm. The average annual premium for a State Farm policyholder is $675, which is $142 less than the city average. Meanwhile, Progressive offers the most expensive average annual premium at $1,014, which is $197 more than the city average and 50.2% more than State Farm’s rate.
The prices are based on a male driver who is 40 years old and has a full coverage policy with liability insurance as well as comprehensive and collision insurance.
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- CompanyAmountper year
- 1.$561
- 2.$675
- 3.Farmers Mutual of Nebraska$718
- 4.$751
- 5.$796
Average Cost of Car Insurance in Sioux Falls
Sioux Falls$817
SD$817
U.S.$1,424
Car insurance in Sioux Falls costs an average of $817 per year, which is equal to the state average and much cheaper than the national average annual premium. Typical Sioux Falls drivers pay the same amount as the average car insurance policyholder in South Dakota. Meanwhile, the city average is 42.6% less than the $1,424 average annual premium in the United States.
The Best Car Insurance Companies in Sioux Falls
If you are a driver in Sioux Falls looking for a balance of affordability and quality service, MoneyGeek recommended the best companies in the city. Based on MoneyGeek’s study, the best carriers in Sioux Falls for most drivers are:
- Auto-Owners Insurance Co: MoneyGeek score of 98 out of 100
- GEICO: MoneyGeek score of 93 out of 100
USAA received the highest score in Sioux Falls by MoneyGeek's rating system. However, because USAA is only available to military members, veterans and their families, it is not listed as best overall.
The MoneyGeek scores are out of 100 and include J.D. Power user satisfaction, affordability and financial stability.
1
USAA
Score:100
2
Auto-Owners Insurance Co
Score:98
3
GEICO
Score:93
4
Allstate
Score:85
5
Travelers
Score:85
6
Progressive
Score:85
7
Auto Club of Southern California Insurance Group
Score:83
8
State Farm
Score:80
9
American Family
Score:78
10
Safeco
Score:78
11
Liberty Mutual
Score:78
12
Farm Bureau Ins of MI
Score:75
13
Farmers
Score:75
14
Nationwide
Score:75
Personalized Quotes to Get You the Cheapest Car Insurance in Sioux Falls
Individual circumstances have an impact on car insurance quotes in Sioux Falls. Insurance providers calculate their quotes based on certain determining factors, such as age, driving history, credit score, driving experience, gender and car make and model. Any changes in your personal circumstances will lead to adjustments in your annual premium. Comparing quotes from different car insurance companies in Sioux Falls on a regular basis will help you find out if you qualify for any discounts, rebates or savings.
Shopping around for car insurance in Sioux Falls could save you $142, which is enough to buy:
47Cups of Coffee
11Months of Your Favorite Streaming Service
Cheapest Car Insurance in Sioux Falls by Coverage Amount
Auto insurance premiums are affected by various factors. In Sioux Falls and elsewhere, one of the biggest considerations is the amount of coverage. A state minimum liability-only policy costs an average of $373 in Sioux Falls, while a full coverage policy costs $817 on average. That is a $444 difference.
South Dakota Minimum Liability Requirements
- ItemDescription
- Bodily Injury and Property Damage$25,000 per person, $50,000 per accident and $25,000 for property damage. A more protective level is 100/300/100.
- Uninsured Motorist$25,000 per person and $50,000 per incident. The minimum coverage may not be enough if you're in a serious accident.
Auto insurance policies reflect the limits of the type and level of coverage. Generally, the cheapest option for Sioux Falls drivers is the minimum liability-only coverage. Farmers Mutual of Nebraska has the best widely available average rate for this type of coverage at $257 per year. If you want to upgrade to 50/100/50 liability-only coverage, you’ll pay around $283, while a full-coverage policy will set you back an average of $694 per year.
If you want coverage of up to $50,000 for medical bills per person, $100,000 per vehicle and $50,000 for property damage, you can choose between a 50/100/50 liability-only policy and a full-coverage plan, which covers your own expenses as well as those of the other driver(s). If you are looking for even more comprehensive coverage, choose a 100/300/100 full-coverage plan — State Farm sells this type of policy for $675 per year on average.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
Liability Only
- CompanyState Minimumper year50 / 100 / 50per year
- 1.$172$197
- 2.Farmers Mutual of Nebraska$257$283
- 3.$319$364
- 4.$314$354
- 5.$377$417
Full Coverage
- Company50 / 100 / 50per year100 / 300 / 100per year
- 1.$535$561
- 2.Farmers Mutual of Nebraska$694$718
- 3.$630$675
- 4.$706$751
- 5.$743$796
Cheapest Car Insurance in Sioux Falls if You Have Driving Violations
Steering clear of citations and accidents can help you maintain low car insurance rates. For instance, a GEICO policy for a driver with no violations in Sioux Falls costs around $751. This rate will increase by approximately $126 if you have a speeding ticket, while a DUI can add an average of $1,671. An at-fault accident on your record will increase the cost of a similar policy by around $545 compared to a driver with no violations.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
- 1.$735$796$735
- 2.$644$746$1,130
- 3.$820$820$820
- 4.Farmers Mutual of Nebraska$782$960$1,421
- 5.$1,012$1,149$1,100
Average Cost of Car Insurance by Postal Code
Your place of residence will also have an impact on the cost of your car insurance. In Sioux Falls, the average annual premium by ZIP code ranges from $797 to $828. The cheapest neighborhood for auto insurance in this city is 57106, while the most expensive average car insurance rate in Sioux Falls can be found in 57104.
- Zip CodeState Minimumper year
- 57106$797
- 57103$826
- 57104$828
Insurance Providers That Serve Sioux Falls
Factors That Impact Insurance Costs in Sioux Falls
In addition to individual driver needs and history, location-specific factors like the percentage of uninsured motorists and the rate of car thefts also contribute to car insurance rates in Sioux Falls. How Sioux Falls ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
Methodology and Assumptions
MoneyGeek’s average premium rates for Sioux Falls are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.
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