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Motorcycle Insurance in South Dakota: The Cheapest Quotes and Best Companies
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The Cheapest Motorcycle Insurance in South Dakota
Those who want to save on motorcycle insurance rates in South Dakota can opt for liability-only coverage. However, don’t skimp on your insurance. Getting comprehensive and collision coverage can give you ample protection and security from various accidents, emergencies and injuries.
In the analysis below, MoneyGeek details the best 50/100/25 liability-only coverage rates based on the sample profile of a South Dakota biker with a good driving history.
Cheapest Liability-Only Motorcycle Insurance Quotes in South Dakota
When it comes to liability-only coverage, MoneyGeek found that these two insurers provide the cheapest motorcycle insurance in South Dakota.
- Progressive: $91 per year
- GEICO: $99 per year
Markel has the highest premiums, with their liability-only coverage rates at a staggering $136 per year. These rates show that Progressive charges 33.09% less than Markel does.
Average Annual Premium for Liability Coverage
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- CompanyAnnual Premium
- 1.Progressive$91
- 2.GEICO$99
- 3.Nationwide$101
- 4.Harley-Davidson$108
- 5.Dairyland$110
Cheapest Full Coverage Motorcycle Insurance Quotes in South Dakota
Statistics show that motorcycle fatality rates per every 100,000 registered vehicles total around 57%. To ensure protection against potential accidents, MoneyGeek recommends a full coverage policy, which includes comprehensive and collision coverage. Collision insurance provides support during collision accidents, while comprehensive insurance covers vehicle damages resulting from non-collision incidents.
Bear in mind that most banks and institutions require that riders who still make monthly payments on their brand-new bikes get a full coverage policy.
In the analysis below, MoneyGeek compared the lowest motorcycle insurance quotes in South Dakota for a policy that comes with a 50/100/25 coverage and a $500 deductible. The following premiums apply to riders with a good driving history.
- Dairyland: $152 per year
- Harley-Davidson: $162 per year
Alternatively, Markel charges the highest annual premiums for a full coverage policy in South Dakota. Their standard policy for riders with good driving records would cost $396 per year, which is 61.62% higher than Dairyland's premiums.
Average Annual Premium for Comprehensive and Collision
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- CompanyAnnual Premium
- 1.Dairyland$152
- 2.Harley-Davidson$162
- 3.Progressive$172
- 4.GEICO$185
- 5.Nationwide$357
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What Is the Average Motorcycle Insurance Cost in South Dakota?
Multiple factors affect the average cost of motorcycle insurance in South Dakota, such as one’s motorcycle model, driving record, coverage amount and personal information like your age and years of riding experience.
To give readers a better grasp of how much they can expect to pay, MoneyGeek sourced premium rates from various insurers using different sample profiles.
The average annual premium of a liability-only policy in South Dakota stands at $107, which translates to around $9 per month. This amount is $34 or 24.12% cheaper than the national average annual premium of $141.
However, bear in mind that the premiums for a liability-only policy will not cover vehicle damages and personal injuries resulting from accidents where the policy owner is at fault. In these cases, they will have to rely on the other party’s policy.
Meanwhile, the average cost of a full coverage policy in South Dakota is $237, or around $20 per month. This amount is a whopping $127 or 34.71% cheaper than the national average annual premium of $364.
The average insurance policy premium rates in South Dakota were based on the following coverage: $50,000/$100,000 bodily injury coverage, $25,000 in property damage and a $500 deductible for full coverage policies.
Car Insurance Costs by Coverage Type
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- Policy TypeAverage 12-Month Cost in South DakotaAverage 12-Month National CostVariance
- Full Coverage$237$364-$126
- Liability Only$107$141-$34
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The Best Motorcycle Insurance Companies in South Dakota
Finding the best motorcycle insurance in South Dakota requires looking beyond cheap rates. To get unique motorcycle insurance quotes in South Dakota, MoneyGeek examined a number of insurers based on three main criteria: their product offerings and selection, service quality and financial stability.
1
Progressive
Score:96
Pros
- Reputable history dating back to 1937
- Multiple rewards and perks for good, no-accident riders
- Discounts to long-term clients
Cons
- NC, NY and CA motorists do not have access to their Large Accident Forgiveness coverages
- Discounts and perks vary primarily based on the rider’s state
- Not all states have disappearing deductible rewards
More About Progressive
When it comes to motorcycle insurers in South Dakota, Progressive takes the number one spot with a MoneyGeek score of 96/100. They charge $91 per year for liability-only coverage plans, while full coverage policies have an annual premium of $172.
Millions of riders worldwide choose Progressive as their insurer because they offer a wide range of coverages. One of which includes their unique, full replacement coverage. This coverage allows policy owners to claim the brand-new cost of a replacement part at zero depreciation.
Also, riders won’t have to worry about the higher cost of their full coverage policies because Progressive offers massive discounts. You can already get a discount upon your initial quote. However, riders will only fully utilize these discounts if they sign up for Progressive’s Loyalty Rewards program and earn points. Loyal bikers can enjoy an array of perks, from broader accident coverages to guaranteed insurance renewal.
2
Harley-Davidson
Score:94
Pros
- Multiple discounts and promos
- Harley-Davidson-certified specialists and replacement parts
- Offers Harley-Davidson safety classes for discounts
Cons
- They do not offer insurance services to bikers in Washington, DC, Hawaii and Alaska
- Most of their high-value, premium perks are only available to Harley-Davidson owners
- Coverages vary per state
More About Harley-Davidson
Harley-Davidson ranks at number two on MoneyGeek’s list of top insurers in South Dakota. Compared to Progressive, they’re only down by two points with a MoneyGeek score of 94.02 out of 100. They offer liability-only insurance at an average of $108 per year, while their full coverage policies cost an average of $162 per year.
They offer a plethora of discounts to all their clients. Good riders that do not get into accidents, pay their premiums on time and agree to install an anti-theft device on their vehicle are also eligible to get lower rates after a few months or years of paying.
While the company provides an excellent range of motorcycle insurance coverages for various bikers, Harley-Davidson owners will reap the full benefits of their plans. First, riders will get authentic OEM Harley-Davidson replacement parts. Aftermarket replacement parts do not blend well with Harley-Davidson bikes and often lead to long-term issues and defects. Second, they provide specialized services. Bikers know how complex the inner workings of Harley-Davidson bikes are, so only trained specialists can work on these machines.
3
Dairyland
Score:92
Pros
- Specializes in insuring high-risk drivers
- Wide coverage options
- Excellent customer service and claims assistance teams
Cons
- Insurance policies are limited to 37 states
- Pricey insurance premiums
- Limited discount opportunities
More About Dairyland
Dairyland came in at number three with a MoneyGeek score of 92.01. Their liability-only coverage plans average at $110 per year, while annual premiums for full coverage policies cost around $152.
What sets Dairyland apart from any other insurer on this list is they insure high-risk applicants. They have been the go-to insurer for high-risk motorcycle insurance policies since the early 60s. Riders would be hard-pressed to find any other insurer in the state with a client base as broad and diverse as what Dairyland has.
Since Dairyland specializes in high-risk clients, they also have steeper rates to compensate for the higher risk they take on with each client.
However, riders can easily bring these rates down by improving their driving. Avoid getting into accidents, enroll in their motorcycle safety course and pay your premiums on time to qualify for lower rates. Also, homeowners that have insurance on the properties may get special discounts too.
How to Get a Motorcycle Insurance Quote in South Dakota
Motorists planning to request motorcycle insurance quotes from their prospective insurers should have the following ready:
- Insurance coverage elections (see below information)
- Personal information, including age, experience level and riding record
- Vehicle make, model and year
- South Dakota address and ZIP code
Compare Motorcycle Insurance Rates
Ensure you're getting the best rate for your motorcycle insurance. Compare quotes from the top insurance companies.
How Much Motorcycle Insurance Coverage Do You Need in South Dakota?
Every rider has varying insurance needs. However, bikers cannot go below the minimum coverage amount the state requires all motorists to carry. In South Dakota, motorcycle insurance laws and requirements mandate all riders to have the following coverage:
- $25,000 per-person bodily injury liability (BI)
- $50,000 per-accident bodily injury liability
- $25,000 property damage liability (PD)
- Uninsured motorist coverage (UM)
- Underinsured motorist coverage (UIM)
How Much Insurance Coverage Is Required in South Dakota?
The state of South Dakota requires bikers to have a minimum motorcycle insurance coverage of 25/50/25. These numbers indicate the need for at least $25,000 worth of per-person bodily injury liability limits, $50,000 worth of per-accident bodily injury liability and $25,000 worth of property damage liability.
Do You Need Uninsured Motorist, Underinsured Motorist or PIP Coverage in South Dakota?
South Dakota law mandates that bikers have to get uninsured and underinsured motorist coverage or their policy.
MONEYGEEK EXPERT TIP
MoneyGreek encourages bikers in South Dakota to go above the required minimum liability-only coverage and opt for a higher 50/100/25 plan. Although, riders with a higher budget can consider a 100/300/200 policy to compensate for the small incremental cost of a coverage increase.
Since the state of South Dakota also requires uninsured and underinsured motorist coverage, MoneyGreek advises adjusting these to match either a 50/100/25 or 100/300/200 plan as well. While South Dakota does not require personal injury protection, those who can afford it should consider adding it to their policy.
Frequently Asked Questions About Motorcycle Insurance in South Dakota
We’ve addressed some of the most commonly asked questions about getting motorcycle insurance in South Dakota, including:
Progressive offers the lowest rates for liability-only coverage in South Dakota. Meanwhile, when it comes to full coverage policies, motorists can turn to Dairyland for the cheapest annual premiums.
South Dakota riders can expect to pay an average of $237 for the annual premiums of a full-coverage policy, while liability-only coverage would cost bikers an average of $107 per year.
Based on multiple factors and rider profiles, we determined that Progressive offers the best motorcycle insurance in South Dakota.
In South Dakota, motorcycle insurance laws and requirements mandate all bikers to carry a minimum motorcycle insurance coverage of 25/50/25.
Compare Motorcycle Insurance Rates
Ensure you're getting the best rate for your motorcycle insurance. Compare quotes from the top insurance companies.
Methodology
MoneyGeek collects motorcycle insurance quotes straight from the insurers. By creating sample driver profiles, insurers can draw up different plans with varying coverage amounts so readers can compare the various motorcycle insurance rates in South Dakota for themselves.
The top insurance providers in South Dakota were chosen based on three factors: policy cost in South Dakota (60% weighting), product offerings and service (30% weighting) and financial stability metrics from AM Best (10% weighting).
Meanwhile, all South Dakota motorcycle insurance laws and requirements come from legitimate government websites that contain updated information, such as the DMV.
About Mark Fitzpatrick
sources
- Injury Prevention. "Motor vehicle driver injury and marital status: a cohort study with prospective and retrospective driver injuries." Accessed March 9, 2021.
- Insurance Information Institute. "2020 Insurance Fact Book." Accessed June 11, 2021.
- Insurance Information Institute. "Facts + Statistics: Teen drivers." Accessed March 5, 2021.
- South Dakota Department of Labor and Regulation. "Automobile Insurance." Accessed May 11, 2021.