Cheapest car insurance companies in Sioux Falls
After an in-depth analysis, Insurance.com found that Nationwide and Geico are the cheapest car insurance companies in Sioux Falls for 2023.
The car insurance company in Sioux Falls that provides the cheapest car insurance premiums is Nationwide, with an average annual rate of $1,313 .
Car insurance costs may vary in Sioux Falls based on your location, driving record, coverage level and the insurance company you choose. Increase your chances of getting the best deal by comparing car insurance quotes from multiple carriers. The following companies are known to offer the cheapest auto insurance rates in Sioux Falls.
| Companies | Average annual rates |
|---|---|
| Nationwide | $1,313 |
| USAA | $1,508 |
| Geico | $1,719 |
| State Farm | $1,910 |
| Farmers Mut Ins Co of NE | $1,933 |
| Farmers | $1,966 |
| Allstate | $1,993 |
| Auto-Owners | $2,040 |
| Iowa Farm Bureau | $2,320 |
| Progressive | $2,539 |
| North Star Mutual | $2,730 |
Cheapest car insurance cost in Sioux Falls by Age Group
USAA is the cheapest option for car insurance in Sioux Falls for teen drivers, with average annual premiums at just $3,982 annually. Teenagers face high insurance costs due to inexperience and higher accident rates.
Getting lower rates isn't easy for young drivers, but they can take some steps to increase their chances of getting affordable insurance. Many insurance companies offer good student discounts to drivers who maintain a certain grade point average (GPA). Besides, teen drivers can lower premiums by staying on their parents' insurance.
USAA provides the cheapest car insurance coverage for young drivers in Sioux Falls, with an annual premium of $2,180 on average.
For Sioux Falls drivers entering their 30s, car insurance becomes significantly more affordable compared to their younger years. Nationwide provides the cheapest car insurance premiums, offering full coverage policies at $1,293 annually.
Sioux Falls senior drivers seeking affordable car insurance should look no further than Nationwide. It offers the cheapest car insurance rates for seniors, with an average annual premium of $1,174. It makes Nationwide a good choice for seniors who want to save money without sacrificing coverage.
| Company | Teens | Young Adults | Adults | Seniors |
|---|---|---|---|---|
| USAA | $3,982 | $2,180 | $1,515 | $1,423 |
| Nationwide | $4,958 | $2,318 | $1,293 | $1,174 |
| Geico | $4,986 | $2,806 | $1,668 | $1,604 |
| Farmers Mut Ins Co of NE | $5,215 | $3,096 | $1,936 | $1,705 |
| State Farm | $5,408 | $3,148 | $1,912 | $1,788 |
| Auto-Owners | $5,564 | $3,457 | $2,030 | $1,860 |
| Iowa Farm Bureau | $5,639 | $3,177 | $2,168 | $1,768 |
| North Star Mutual | $5,996 | $4,203 | $2,595 | $2,398 |
| Progressive | $8,432 | $3,787 | $2,582 | $2,286 |
| Allstate | $8,546 | $3,156 | $1,970 | $1,994 |
| Farmers | $8,606 | $2,642 | $1,886 | $1,733 |
Cheapest car insurance companies in Sioux Falls by driver profile
Driver profile is one of the many factors that insurers take into account to determine car insurance premiums in Sioux Falls. Drivers with a history of accidents or traffic citations on their record can expect significantly higher costs than those with a clean driving record.
To find the cheapest car insurance company in Sioux Falls, it's important to compare auto insurance rates from multiple providers. This way, you can find the best deal that meets your needs and budget.
Based on data analysis by Insurance.com's experts, these are the cheapest car insurance companies for Sioux Falls drivers based on driver profile.
- Cheapest for a driver with poor credit: Nationwide
- Cheapest for a driver with a speeding ticket: Geico
- Cheapest for accident: State Farm
- Cheapest for DUI: State Farm
Cheapest for a driver with poor credit: Nationwide
If you're a Sioux Falls driver with poor credit, Nationwide is the cheapest car insurance company for you, based on Insurance.com's in-depth data analysis. It offers a full-coverage car insurance policy at an average cost of $1,326 annually.
Know which car insurance companies offer affordable car insurance for drivers with poor credit scores in Sioux Falls.
| Company | Average annual rates |
|---|---|
| Nationwide | $1,326 |
| Geico | $1,452 |
| Farmers | $2,366 |
| USAA | $2,403 |
| Allstate | $2,830 |
| Progressive | $3,198 |
| State Farm | $6,439 |
Cheapest for drivers with a speeding ticket: Geico
Based on recent data analysis, 30-year-old drivers in Sioux Falls with speeding tickets on their driving record can get the cheapest car insurance rates from Geico at an annual cost of $1,329.
Some companies are known for providing the cheapest car insurance rates, but finding the most affordable policy depends highly on individual factors.
Comparing quotes from various car insurance companies can prove beneficial for getting the best deal. With this, you can get the coverage you need at an affordable price.
| Company | Average annual premium |
|---|---|
| Geico | $1,329 |
| State Farm | $1,376 |
| Nationwide | $1,451 |
| USAA | $1,497 |
| Farmers | $2,146 |
| Allstate | $2,215 |
| Progressive | $2,405 |
Cheapest auto insurance after an at-fault accident: State Farm
If you've had an accident, State Farm might be your best bet for affordable auto insurance.
For Sioux Falls drivers with an at-fault accident, State Farm offers the cheapest average annual rate at $1,473. It's a great option if you're looking for affordable coverage that won't break the bank.
After an accident, your insurance rates are likely to go up. Finding a provider with competitive rates can help you minimize the financial impact.
| Company | Average annual rates |
|---|---|
| State Farm | $1,473 |
| Nationwide | $1,655 |
| USAA | $1,845 |
| Geico | $2,142 |
| Farmers | $2,477 |
| Allstate | $2,862 |
| Progressive | $3,031 |
Cheapest auto insurance after a DUI: State Farm
State Farm is the cheapest option for Sioux Falls drivers seeking affordable auto insurance rates after a DUI conviction, at an annual rate of $1,376, on average.
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 | $1,376 |
| Nationwide | $2,413 |
| Progressive | $2,438 |
| Farmers | $2,544 |
| USAA | $2,719 |
| Allstate | $3,574 |
| Geico | $6,357 |
Average car insurance cost in Sioux Falls
In Sioux Falls, the annual cost of car insurance for the coverage level of 100/300/100 is $1,997 or around $166 per month. However, the average yearly rate for state minimum coverage in Sioux Falls is $413.
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 |
|---|---|
| $1,997 | $413 |
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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