Sioux Falls Car Insurance

The Zebra
May 30, 2018

Car Insurance in Sioux Falls

South Dakota is recognized for its low-cost premiums, as its mean rate is $159 less than the national average. While premiums in in Sioux Falls are relatively low as well, it is still critical to cut costs while insuring a vehicle. Who doesn't like to save money? Check out some methods to save on car insurance in Sioux Falls.

  • City Average: $1,133
  • State Average: $1,268
  • National Average: $1,427

Sioux Falls Car Insurance by Accident or Violation History

Having an unblemished driving record is important if you want to keep your insurance rates low. An at-fault accident with greater than $2000 of damages will increase your car insurance premiums more than other driving violations. Even among safe drivers, accidents happen, so be prepared and learn how your rates can change following one. In Sioux Falls, individuals who are found at-fault in an accident end up spending $631 more than the city average on car insurance each year. $614 is the extra cost per year for drivers with a DUI in Sioux Falls, compared to the city average of $1,133. Reckless driving will drive your rates up as well, with average rates of $1,710!

  • DUI: $1,747
  • Reckless Driving: $1,710
  • At-fault Accident (damages less than $1000): $1,764
  • At-fault Accident (damages greater than $2000): $1,764
  • Speeding Ticket (16-20 mph over speed limit): $1,354

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Sioux Falls Car Insurance by Age

With typical rates of $4,675, teenage drivers are the ones who pay the most in car insurance premiums. Drivers in their 50s save money on insurance premiums, as they have the lowest rates among all age groups, paying only $964 a year. People in their 60s ($978) also have relatively low premiums. Sioux Falls drivers see the greatest fall in premiums when they reach their 20s, as they pay an average of 66% less after moving out of the teenage age bracket. The first time drivers can expect their age to trigger an increase in premiums is when they turn 60.

  • Teenagers: $4,675
  • 20s: $1,581
  • 30s: $1,107
  • 40s: $1,058
  • 50s: $964
  • 60s: $978
  • 70s: $1,151

Sioux Falls Car Insurance by Credit Rating

For individuals with Exceptional credit (800-850), as opposed to Very Poor credit (300-579), car insurance premiums are 52% less per year. Shifting from Very Poor (300-579) to Fair (580-669) brings in the largest drop in premiums, as drivers save an average of $373 per year.

  • Very Poor: $2,082
  • Fair: $1,709
  • Good: $1,411
  • Very Good: $1,182
  • Exceptional: $992

Sioux Falls Car Insurance by Gender and Marital Status

Both marital status and gender have an effect on your car insurance premiums in Sioux Falls. Typically, males have premiums that are a mere 1% cheaper than those for females. In your city, marital status actually has a substantial impact on premiums. Being married can save you around 9% per year compared to being single. Rates for those who are widowed are slightly cheaper than rates for those who are single.

  • Female: $1,148
  • Male: $1,133
  • Single: $1,133
  • Married: $1,028
  • Divorced: $1,133
  • Widowed: $1,127