Table of contents
How much is car insurance in Sioux Falls?
|Area||Average Monthly Car Insurance Premium|
Coverage for your vehicle in Sioux Falls will typically run you about $9 a month more than in the rest of South Dakota.
When stacked up against the national average, the average monthly policy payment for Sioux Falls is more affordable. You can expect to pay about $18 less for your policy in Sioux Falls than in the rest of U.S.
While these numbers are the average rates for auto insurance in Sioux Falls, that doesn't mean it's what you'll pay. There are numerous factors taken into consideration by insurance companies when deciding the rate you'll pay for coverage. Age, gender, vehicle make and model, driving record, and in some cases, your credit score, are all taken into consideration when calculating the final dollar amount you'll be asked to pay each month.
We've done the heavy lifting for you and broken down the average rate for Sioux Falls so that you can get a more accurate idea of what your policy will cost you. And if you think you might be overpaying for insurance, simply enter your ZIP below to learn more about rates in your area!
Average Car Insurance Rates by Age
|Age Range||Average Premium|
Generally, the older you are, the more experienced you are on the roads, right? That experience can turn into some real savings when it comes to auto insurance rates. According to the table above, you can see that 18-24-year-olds pay $38 more than someone who is at retirement age.
For every 10 years, you can expect to see a decrease in your monthly premium. Drivers in Sioux Falls may see their rates begin to go back up once they hit retirement.
Average Car Insurance Rates by Gender
Car insurance rates for men are usually slightly more expensive than they are for women. While female drivers pay a bit less than male drivers on their monthly insurance rates, the difference in Sioux Falls is only about $3 a month.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Depending on your driving record, your rates can vary quite a lot. Those with clean records can expect to pay much less than those with infractions. The rate for drivers in Sioux Falls with a single accident on their record is about $61 a month. On a similar note, drivers with one ticket on their record will be looking at a monthly rate of about $76 on average.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$66|
|15 Years or Older||$57|
In terms of affordable coverage, the cheapest vehicles to insure in Sioux Falls are by and large trucks and vans, at $50 per month.
Car owners will see a monthly rate of about $68, while SUV owners typically pay around $56 per month.
Your vehicle's age can also affect your monthly bill. Generally, newer vehicles are going to be the most expensive to insure. However, once your car is a few years old, you may start to see your monthly premium decrease. In Sioux Falls, vehicles four-to-five years old are the most expensive to insure.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$65|
Generally speaking, people who are married will pay slightly less for car insurance coverage. This usually boils down to owners having multiple vehicles on the same policy, something some companies will reward with discounts.
At a national level, married drivers usually pay less than single drivers for auto insurance. This holds true for Sioux Falls as well, where the difference is around $22 a month.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$59|
Another factor that comes into play is your living situation. If you rent your home or apartment in Sioux Falls, expect to pay around $3 a month more than if you own property. Those who live with their parents, however, can expect to pay a lot more.
Bundling your home or rental insurance with your auto insurance can oftentimes reduce your overall costs, depending on your insurance company.
Car Insurance Companies in Sioux Falls, SD
Recent trends in car insurance for Sioux Falls drivers
Since car insurance rates are constantly changing, it's a good idea to know the local trends in your area before choosing an insurance policy.
The cost of car insurance in Sioux Falls increased from 2016-2017, before leveling out in 2018. They had been increasing again, reaching a high of $82 in 2020, and finished down at $66 in 2021.
How does Sioux Falls compare to neighboring areas?
Why are car insurance rates in Sioux Falls different from other areas?
There are a number of factors car insurance companies will consider when figuring out how much to charge for a monthly rate. Your insurance policy will depend largely on where you call home and will be influenced by things such as:
- Off-street parking accessibility
- Crime rates
- Area regulations
- Total number of drivers in the region
- Road Safety (how many accidents each locality has)
An awareness of these factors is important when thinking about buying a new policy or potentially moving to a new home. Realizing 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 corner of the world.
How can I find the cheapest car insurance in Sioux Falls?
While knowing what the average costs are for drivers like you can be helpful as you get an idea of what you might pay, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.
Luckily, Compare.com does all of that work for you. Just type in your ZIP Code below, answer a few questions, and you'll be comparing the cheapest quotes from several of the car insurance companies offering plans in Sioux Falls.
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 age and gender 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 local laws, parking situations, and crime rates 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 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. Regardless of how much time is left on your current policy, you can switch companies at any time. So, whether you're considering moving to Sioux Falls or just curious if you're getting the best rates, why not take 10 minutes and see if Compare.com can save you some extra cash?