bestauto insuranceSioux FallsCompare the Cheapest Car Insurance Quotes in Sioux Falls, SD
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.
REVIEW AUTO INSURANCE RATES
Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.
Advertising & Editorial DisclosureLast Updated: 1/9/2023
Edited By |
Ashley Jacobs
Written By |
Mark Fitzpatrick
The best price for comprehensive car insurance in Sioux Falls for most drivers is from State Farm at an average annual premium of $675, and it also has the cheapest insurance for drivers with a speeding ticket at $735. Farmers Mutual of Nebraska offers the cheapest state minimum insurance at $257 per year. Although USAA is even more affordable, it only covers military personnel and their dependents. MoneyGeek recommends Auto-Owners Insurance Co due to their competitive pricing and superior customer service.
bestauto insuranceSioux FallsThe Cheapest and Best Car Insurance in Sioux Falls
Cheapest Overall - State Farm
Cheapest State Minimum - USAA
Cheapest With a Driving Violation - State Farm
Best Overall - Auto-Owners Insurance
Methodology
MoneyGeek evaluated the best auto insurance companies in Sioux Falls based on information from J.D. Power, AM Best and the National Association of Insurance Commissioners (NAIC).
The Cheapest Car Insurance Companies in Sioux Falls
On average, for a full-coverage policy, the cheapest car insurance companies in Sioux Falls are:
- State Farm: $675 per year
- Farmers Mutual of Nebraska: $718 per year
Members of the military and their families in Sioux Falls will find that USAA offers an even better average price for full car insurance with an annual premium of $561.
For most drivers, however, State Farm is the cheapest insurance company in Sioux Falls. Their rate is 50% lower (about $339) than Progressive, which is the most expensive car insurance in the city, with an average annual premium of $1,014.
Full coverage insurance includes comprehensive and collision coverage, though the cost varies based on the amount of liability insurance you choose.
Cheapest Car Insurance in Sioux Falls
Full Coverage 100/300/100
- Company100/300/100per year
- 1.$561
- 2.$675
- 3.Farmers Mutual of Nebraska$718
- 4.$751
- 5.$796
In MoneyGeek’s analysis, quotes were collected for our sample driver, being a 40-year-old male looking for full coverage, as defined in our methodology.
While comprehensive and collision coverage costs more than liability-only insurance, full coverage does cover the costs of damage to your car. In this way, it can make sense to pay the higher premiums associated with full coverage.
- Collision Insurance: Pays to repair your car if you’re in an accident.
- Comprehensive Insurance: Pays to repair your car from non-collision damage or for loss due to theft.
It doesn’t always make the best financial sense to purchase full coverage car insurance. If you own an older vehicle, for instance, the yearly premiums for comprehensive and collision insurance may quickly add up to more than the replacement value of your car. In that case, you may wish to consider state minimum or liability-only insurance.
Compare Car Insurance Rates in Sioux Falls
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
Cheapest Car Insurance in Sioux Falls for Minimum Coverage
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.
Cheapest Minimum Liability Car Insurance in Sioux Falls
State Minimum
- CompanyState Minimumper year
- 1.$172
- 2.Farmers Mutual of Nebraska$257
- 3.$314
- 4.$319
- 5.$377
By law in South Dakota, drivers must have 25/50/25 state minimum liability insurance. While this is the cheapest insurance option, it provides the least protection. With it, you risk having to make a large payment if you’re in an accident to cover an expense.
Let’s say you cause an accident, and the other driver’s medical bills total $50,000. In that case, your minimal coverage insurance will only pay up to $25,000. You'll be responsible for paying the balance of $25,000 from your own resources.
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.
Cheapest Car Insurance in Sioux Falls if You Have Driving Violations
Many factors affect your car insurance premium. Having violations such as speeding tickets, at-fault accidents and DUIs will often result in higher coverage costs. The following insurers provide the best value in Sioux Falls for your specific violation:
- Cheapest after a ticket: State Farm, $735 per year
- Cheapest after an at-fault accident: State Farm, $796 per year
- Cheapest after a DUI: State Farm, $735 per year
You may be able to reduce your premiums by improving your driving history. Of course, that takes time. To get the cheapest rates offered for drivers with bad records, obtain quotes from as many insurance companies as possible in Sioux Falls, and see which one is the most affordable.
Cheapest Car Insurance in Sioux Falls With a Violation
Speeding Ticket
- CompanySpeeding Ticketper year
- 1.$644
- 2.$735
- 3.Farmers Mutual of Nebraska$782
- 4.$820
- 5.$877
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.
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.
Compare Car Insurance Rates in Sioux Falls
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
The Best Car Insurance Companies in Sioux Falls
MoneyGeek determined the top car insurance companies in Sioux Falls based on average premiums, customer satisfaction scores and claims ratings. The companies occupying the top two spots are:
- State Farm: MoneyGeek score of 79 out of 100
- American Family: MoneyGeek score of 67 out of 100
We excluded USAA from our rankings, despite a perfect score of 100. USAA is the best car insurance company for current or former military members and their families.
1
State Farm
Score:79
In Sioux Falls, State Farm received excellent scores on customer satisfaction and claims but ranked lower in affordability. Costing an average of $675 annually, policyholders can add unique rideshare insurance to supplement their coverage.
More About State Farm
Among the top auto insurance companies in Sioux Falls is State Farm, which ranks consistently well in most categories. A standard policy from State Farm can be tailored to include roadside assistance, rental car reimbursement and rideshare coverage.
It is uncommon to find rideshare insurance among other providers but this insurer offers this coverage. With this endorsement, your personal insurance policy will remain in effect while you work for a ridesharing company.
The company provides roadside assistance as well, which includes mechanical work, towing, fuel delivery, oil and battery changes as well as locksmith services. Up to a chosen limit, car rental reimbursement is also available.
Read MoneyGeek's State Farm auto Insurance Review2
American Family
Score:67
Sioux Falls’s second-best auto insurance company is American Family, receiving excellent scores for satisfaction and average ratings for claims and affordability. A full coverage policy costs an average of $802 per year. Accident forgiveness is available as an add-on through American Family.
More About American Family
American Family offers several unique insurance coverages in Sioux Falls. One of its most unique coverages is Original Equipment Manufacturer (OEM) coverage which prevents your vehicle from being repaired with aftermarket parts.
Also offered by American Family is accident forgiveness. Usually, car insurance costs increase after an accident, a situation that is extremely frustrating. With proactive management of your premiums, you can avoid unexpected rate increases with accident forgiveness.
Furthermore, rideshare insurance is another add-on offered by this insurer. If you work for a ridesharing company, you can add this coverage to your existing car insurance policy at a low cost.
Read MoneyGeek's American Family auto Insurance Review3
Allstate
Score:60
4
GEICO
Score:56
5
Farmers
Score:54
6
Farmers Mutual of Nebraska
Score:51
7
Progressive
Score:26
8
Allied
Score:12
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
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.
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