South Dakota Car Insurance
South Dakota law requires that those holding a license to a motor vehicle or operating a motor vehicle must show proof of financial responsibility. Auto insurance provides proof of financial responsibility. The state of South Dakota requires all drivers to carry bodily injury liability, property damage liability, and uninsured/underinsured motorist coverage. If a claim is made against you by someone injured in an auto accident for which you are to blame, bodily injury liability will cover you. If a claim is made against you by someone whose property was damaged in an auto accident for which you are to blame, property damage liability will cover you.
Other types of coverage offered include medical payment, collision, and comprehensive coverage. Medical payment coverage will reimburse you for medical or funeral expenses to those injured or killed riding in your car regardless of fault. Collision damage pays for damages to your car due to a collision accident. Comprehensive coverage pays for damages to your car due to fire, theft, vandalism, falling objects, or natural disasters. Optional coverage may also include towing and labor costs, rental reimbursement, accidental death indemnities, and accidental disabilities coverage. Here are the minimum liability coverage requirements for the state of South Dakota:
Required Coverages in South Dakota:
- Bodily Injury Liability Per Person: $25,000
- Bodily Injury Liability Per Accident: $50,000
- Property Damage Liability: $25,000
Uninsured motorist coverage pays you, family members, and occupants of your vehicle for personal injuries caused by an uninsured motorist or a hit-and-run-driver in an auto accident. State law requires that the SR-22 Financial Responsibility Form be on file for all vehicles registered in the name of the person required to file proof of responsibility. If you cannot prove financial responsibility, your license or registration may be revoked. If you are unable to obtain insurance, the South Dakota Automobile Insurance Plan (SDAIP) helps applicants that have declared and certified that they have attempted but were unable to obtain automobile insurance in South Dakota within the 60 days prior to applying for the SDAIP.
Determining Your Rate in South Dakota
Your auto insurance premium will be determined by a factors including your age, sex, and marital status, where you live, what type of car your drive, its use, and where you drive your vehicle, your claims history, and your credit history. These factors help auto insurance companies determine your risk for claims covered within an auto insurance policy. Your premium may be discounted for the installation of safety devices, anti-theft devices, for multiple cars on the same auto insurance policy, for the completion of a driver education or defensive driving course, and for maintaining a low annual mileage. The Insurance Information Institute reports that South Dakota was the second least expensive state for auto insurance in the country in 2009, with an average expenditure of $521.