Sioux Falls, SD Car Insurance

What rates can residents of Sioux Falls expect to pay for their car insurance? How does Sioux Falls compare to the surrounding area and the rest of South Dakota? Discover the factors that go into calculating the average cost in our writeups and charts below:

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How much is car insurance in Sioux Falls?

As you can see, car insurance policies across the rest of South Dakota are about $11 a month cheaper than the rates drivers pay in Sioux Falls.

If you're thinking of moving to Sioux Falls from out of state, you may still be in luck. Car insurance rates for the United States as a whole are, on average, $16 more expensive than the rates you'd pay in Sioux Falls.

Although these are the average rates for auto insurance in Sioux Falls, that doesn't mean it's exactly what you'll pay. Insurance companies weigh a variety of factors when determining how much to charge you to get auto insurance. Age, gender, vehicle make and model, driving record, and in some cases, your credit score, are all factored into assessing the final dollar amount you'll be asked to pay each month.

But worry not, we've done the heavy lifting and broken down the average rate for Sioux Falls to help you understand what exactly you might be asked to pay. To find out if you're getting the cheapest rate, just enter your ZIP Code below and find out in minutes!

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Average Car Insurance Rates by Age

The older you are, the more experience you're likely to have behind the wheel, right? It also makes sense that the more experienced of a driver you are, the safer you are. According to the table above, you can see that 18-24-year-olds pay significantly more than someone who is at retirement age.

You can expect to see a decrease in your monthly premium drop about once a decade or so. Sioux Falls drivers may see their rates begin to increase again once they hit retirement age.

Average Car Insurance Rates by Gender

Car insurance rates for female drivers are usually cheaper than those for male drivers. In Sioux Falls, male drivers pay about $9 more per month. Based on the chart above, you can see that female drivers pay around $60 on average, while male drivers typically pay $69 each month.

Average Auto Insurance Rates by Driving Record

Rates can vary wildly depending on your driving record. Those with clean records will see the most affordable rates, whereas even a single accident or infraction can cost you. Drivers in Sioux Falls with a single accident will pay around $94 a month. Similarly, if you have one ticket on your record, you will be looking at an average rate of around $71.

Wherever you live, accidents, tickets, and other driving infractions will almost certainly drive up your monthly bill. Remember, the safer you are as a driver, the cheaper your car insurance will be.

Average Insurance Rates by Vehicle

According to the first table above, the cheapest vehicles to insure in Sioux Falls are usually trucks and vans, at $55 per month.

Car owners, on the other hand, typically pay around $72 a month, while SUV drivers can expect to pay about $57 per month for insurance coverage.

You can also expect to see slightly different rates depending on the age of your vehicle. Generally, the most expensive vehicles to insure are going to be newer ones. Once your car is around 5 years old however, your rates may start to dip back down a bit. In Sioux Falls, vehicles four-to-five years old are the most expensive to insure.

Average Car Insurance Rates by Relationship Status

Generally speaking, people who are married will pay slightly less for car insurance coverage. This oftentimes is a result of owning multiple vehicles that are on the same policy, something many companies offer special discounts for.

According to the table above, the difference in rates based on relationship status in Sioux Falls can be as much as $29 a month, so it's worth taking into consideration.

Average Car Insurance Rates by Housing Situation

One other element taken into consideration is your living accommodations. Those who own their own home in Sioux Falls can expect to pay around $13 a month less than those who rent. Those who live with their parents, however, can expect to pay a lot more.

That said, if you bundle your homeowners or rental insurance policy with your auto insurance, many companies will offer you a discount to make up for it and reduce your average premiums.

Car Insurance Companies in Sioux Falls, SD

Recent trends in car insurance for Sioux Falls drivers

The average rates for car insurance are constantly changing, so it's a good idea to know the recent trends in your area before shopping for coverage.

In Sioux Falls, car insurance rates decreased from 2017-2018, but began to rise in 2019. This pattern has continued through 2022 when rates have most recently hit $106 a month.

How does Sioux Falls compare to neighboring areas?

Why are car insurance rates in Sioux Falls different from other areas?

Car insurance companies look at numerous factors when they're figuring out how much to charge for a policy. While we already mentioned the ones that affect your personal policy, others are influenced by where you park your car. These include things like:

• Availability of off-street parking
• Number of drivers
• Crime rates
• Rate of car accidents
• Local regulations

You can't change these factors yourself, but they're something to take into consideration when shopping for a new policy or looking to move into an area. Knowing that different towns and cities will all have different rates, guides like these can be a good way to get a lay of the land of your particular neighborhood.

How can I find the cheapest car insurance in Sioux Falls?

While understanding what the average costs are for drivers like you can be helpful as you get an idea of what you might end up paying, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.

Good news! Compare.com does all of that work for you. Just put in your ZIP below, answer a few questions, and you'll be comparing the cheapest quotes from the many car insurance companies offering auto coverage in Sioux Falls.

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Sioux Falls Insurance FAQs

What factors affect car insurance quotes in Sioux Falls?

Car insurance companies calculate quotes based on a wide array of factors. These include things you can't control like your gender and age but also factors like your vehicle's year, make and model, as well as your driving record, credit score, marital status, and address.

Why is the cost of car insurance in Sioux Falls different from other neighboring cities?

Auto insurance companies consider regional factors, such as parking situations, crime rates, and local laws into account when calculating the monthly rate for coverage. Since these can all vary from city to city the rates you may see can differ from neighboring areas.

Which car insurance company will offer me the cheapest rate in Sioux Falls?

Since the factors that go into calculating your monthly payment vary from person to person, there isn't one company that will always offer the cheapest rate to everybody. You can be confident that you're receiving the best price possible however, by using sites like Compare.com to compare multiple quotes at once.

Do I need to change my insurance if I move to Sioux Falls?

Whenever you move to a new area, or experience any other major life event such as getting married or finding a new job, it's always a good idea to re-evaluate your current insurance policy. Certain companies may offer larger discounts in certain cities, so it's a smart idea to use services like Compare.com to compare quotes from dozens of companies side-by-side.

Do I need to wait for my policy to expire to switch to a different car insurance company?

No. In fact, you can swap companies at any point, regardless of how much time is left on your current coverage. So, whether you're moving to Sioux Falls or just curious about rates in your area, why not take 10 minutes to see if Compare.com can save you money?