Cheapest car insurance companies in Rapid City
According to a study by Insurance.com, the cheapest car insurance companies in Rapid City for 2023 are Nationwide and State Farm.
In Rapid City, Nationwide provides the cheapest auto insurance rates to drivers at an average annual premiumThe payment required for an insurance policy to remain in force. Auto insurance premiums are quoted for either 6-month or annual policy periods. of $1,700 annually.
The cost of car insurance in Rapid City varies depending on your ZIP code, driving history, coverage level, and carrierAn insurance carrier is the company that provides your car insurance policy and pays claims.. To maximize your chances of finding a great deal, it's recommended to compare quotes from multiple carriers.
Here’s a list of insurance companies offering affordable premiums to drivers in Rapid City.
| Companies | Average annual rates |
|---|---|
| USAA | $1,466 |
| Nationwide | $1,700 |
| State Farm | $1,777 |
| Geico | $2,144 |
| Farmers | $2,364 |
| Farmers Mut Ins Co of NE | $2,379 |
| Allstate | $2,659 |
| Auto-Owners | $2,793 |
| Iowa Farm Bureau | $2,895 |
| Progressive | $3,911 |
| North Star Mutual | $4,276 |
Cheapest car insurance cost in Rapid City by Age Group
USAA offers the cheapest full coverage car insurance for teenage drivers in Rapid City, with an average annual cost of $3,946 per year. Insurance companies deem teenagers as "high-risk" drivers due to their inexperience and statistically higher accident rates. This elevated risk profile translates to significantly higher car insurance costs for young drivers compared to their older counterparts.
Teenagers can lower their insurance costs by strategically utilizing the good student discount or remaining listed as a driver on their parent's policy.
For young drivers in Rapid City, USAA has the cheapest auto insurance rates, with an average annual cost of $2,137 annually.
For Rapid City drivers entering their 30s, car insurance becomes significantly more affordable compared to their younger years. USAA provides the cheapest car insurance premiums, offering full coverage policies at $1,474 annually.
USAA is the cheapest option for senior drivers in Rapid City, with an average premium of $1,395 a year, significantly lower than most competitors, based on Insurance.com's in-depth data analysis.
| Company | Teens | Young Adults | Adults | Seniors |
|---|---|---|---|---|
| USAA | $3,946 | $2,137 | $1,474 | $1,395 |
| State Farm | $4,745 | $2,840 | $1,773 | $1,621 |
| Nationwide | $5,357 | $2,735 | $1,649 | $1,401 |
| Geico | $5,790 | $3,435 | $2,085 | $2,006 |
| Farmers Mut Ins Co of NE | $5,930 | $3,613 | $2,361 | $1,986 |
| Iowa Farm Bureau | $6,445 | $3,794 | $2,740 | $2,185 |
| Auto-Owners | $6,531 | $4,362 | $2,758 | $2,345 |
| North Star Mutual | $9,257 | $5,874 | $4,034 | $3,755 |
| Farmers | $9,314 | $3,102 | $2,278 | $1,967 |
| Allstate | $9,481 | $4,150 | $2,610 | $2,451 |
| Progressive | $9,972 | $5,508 | $3,811 | $3,345 |
Cheapest car insurance companies in Rapid City by driver profile
When determining car insurance rates in Rapid City, insurers consider multiple factors, including the driver's profile. Individuals with a clean driving record enjoy substantially lower premiums than drivers with a history of accidents or traffic citations.
It's important to compare insurance quotes from at least three carriers to find the cheapest insurance company in Rapid City that suits your budget.
Below are some of the cheapest car insurance companies in Rapid City by driver profile.
- Cheapest for a driver with poor credit: Nationwide
- Cheapest for a driver with a speeding ticket: State Farm
- Cheapest for accident: State Farm
- Cheapest for DUI: State Farm
Cheapest for a driver with poor credit: Nationwide
The cheapest car insurance company for a driver with poor credit is Nationwide. It offers auto insurance for Rapid City drivers at about $1,564 per year.
Know which car insurance companies offer affordable car insurance for drivers with poor credit scores in Rapid City.
| Company | Average annual rates |
|---|---|
| Nationwide | $1,564 |
| Geico | $1,748 |
| USAA | $2,316 |
| Farmers | $2,756 |
| Allstate | $2,951 |
| Progressive | $4,020 |
| State Farm | $6,287 |
Cheapest for drivers with a speeding ticket: State Farm
In Rapid City, State Farm provides the cheapest car insurance premiums for drivers aged 30 with speeding tickets on their record at an annual cost of $1,330, on average.
Remember that the cheapest car insurance company for you may not be the cheapest company for someone else. Ensure you compare car insurance quotes from various carriers to secure the most favorable deal. This way, you can find the insurance company that offers the best rates and coverage for your specific needs.
| Company | Average annual premium |
|---|---|
| State Farm | $1,330 |
| USAA | $1,454 |
| Geico | $1,600 |
| Nationwide | $1,702 |
| Allstate | $2,308 |
| Farmers | $2,457 |
| Progressive | $2,990 |
Cheapest auto insurance after an at-fault accident: State Farm
State Farm is the cheapest auto insurance provider for drivers with a history of accidents. Its average annual rate for a driver with an at-fault accident in Rapid City is $1,411. If you've had an accident in the past, it's important to find a provider that offers rates that are affordable and won't hurt your pocket.
| Company | Average annual rates |
|---|---|
| State Farm | $1,411 |
| USAA | $1,810 |
| Nationwide | $1,931 |
| Geico | $2,584 |
| Farmers | $2,751 |
| Allstate | $2,988 |
| Progressive | $3,610 |
Cheapest auto insurance after a DUI: State Farm
Among the carriers analyzed, State Farm offers the cheapest auto insurance premiums for drivers with a DUI in Rapid City. On average, its annual full coverage rate is $1,330, making it a significantly cheaper option than other insurance providers.
Following a DUI conviction, it's likely that your auto insurance premiums will increase. To get affordable premiums, compare car insurance quotes from various providers. Comparison shopping can help you find the best possible offer.
| Company | Average annual rates |
|---|---|
| State Farm | $1,330 |
| USAA | $2,660 |
| Farmers | $2,794 |
| Nationwide | $2,848 |
| Progressive | $2,978 |
| Allstate | $3,727 |
| Geico | $7,685 |
Average car insurance cost in Rapid City
In Rapid City, the average annual cost for full coverage car insurance is around $2,497, which breaks down to approximately $208 per month. These rates are based on coverage levels of 100/300/100. On the other hand, the average yearly rate for state minimum coverage in Rapid City is about $371.
Full coverage car insurance may cost more than the state minimum, but it offers valuable protection beyond just covering damage to other drivers' vehicles. Unlike state minimum, full coverage includes damage to your vehicle in addition to liability coverage.
You can potentially lower your full coverage premium by comparing quotes from different carriers. It allows you to find the best coverage at a competitive price.
| Average annual Rates | State minimum average |
|---|---|
| $2,497 | $371 |
Methodology
Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:
- 40-year-old male driver
- Honda Accord LX
- 12-mile daily commute, 10,000 annual miles
- Good credit
- Clean record
While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.
Rates are based on coverage limits of:
- $100,000 bodily injury per person
- $300,000 bodily injury per accident
- $100,000 property damage per accident
- $500 comprehensive and collision deductible
Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.
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