How Much Does Car Insurance Cost for High School Students in South Dakota?

The type of vehicle that is being insured is probably the biggest factor when consumers are trying to find economical coverage for high school students. Vehicles with higher performance, poor safety features, or a high likelihood of having liability claims will cost quite a bit more to insure than safer, lower-performance models. The next list shows car insurance costs for a handful of the most economical vehicles to insure.

Table data represents single female driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and South Dakota minimum liability limits. Discounts applied include safe-driver, and claim-free. Price information does not factor in the specific area where the vehicle is garaged which can impact coverage rates greatly.

Looking at the data, vehicles like the Ford Escape, Honda CR-V, Hyundai Elantra, and Chevrolet Traverse will definitely be some of the more affordable vehicles to insure for teenagers. Rates will be more costly just due to the fact that there is a higher risk for high school students, but in general those vehicles will probably have the lowest insurance rates that you’ll find.

Finding low-priced insurance is not most people’s favorite thing to do, and deciding which companies offer the lowest-priced auto insurance rates for high school students may require additional perseverance. Insurance rates will probably be quite a bit pricier than the average price in South Dakota, with the higher price attributed to the posibility of more claims associated with selling insurance for teenagers, but competitive insurance may be attainable if you compare enough companies. Each company has a different formula for setting rates, so let’s rank the most competitive auto insurance companies in South Dakota.

We do need to point out that South Dakota auto insurance rates are impacted by many things that can increase the cost of having a policy. This price fluctuation is why it is crucial to compare many different companies when trying to get cheap car insurance rates for high school students. Rates can be determined by many things and can change substantially, so the most economical option two years ago may now be quite expensive.

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USAA quotes some of the lowest car insurance rates in South Dakota at around $657 annually. Auto-Owners, Farmers Mutual of Nebraska, State Farm, and Unitrin also rank well as some of the most economical South Dakota auto insurance companies.

As the example above demonstrates, if you are a policyholder with Unitrin and switched to Auto-Owners, you might achieve savings of roughly $178. Customers with Western National may save as much as $181 a year, and Farmers insureds might see rate reductions of $213 a year.

If you want to find out if you’re overpaying, click here to get quotes or quote prices from the following companies.

It’s important to note that these estimates are averages across all drivers and vehicles and and are not calculated with a price increase for high school students. So the auto insurance company that has the lowest price for you may not even be included in the chart above. That points out the importance of why you need to get rate quotes from many companies using your own driver information and specific vehicle type.

The information below illustrates how choosing a deductible can affect insurance costs when trying to find cheap insurance for high school students. The costs are based on a married male driver, comp and collision included, and no discounts are applied to the premium.

In the chart above, a 50-year-old driver could pocket $204 a year by changing from a $100 deductible to a $500 deductible, or save $312 by using a $1,000 deductible. Young drivers, such as the 20-year-old chart data, could drop their prices up to $682 or even more by selecting a higher deductible. When raising deductibles, it will be important to have enough savings set aside to pay the extra out-of-pocket expense, which is the one shortcoming of high deductibles.

Who has the cheapest insurance quotes for teenagers?

There are quite a few ways to buy auto insurance in South Dakota, but the most prevalent methods are through an exlusive agent like State Farm or Auto-Owners, an independent insurance agent, or direct online or over the phone from a company like Progressive or Geico.

Each way is similar, but they differ slightly in how they give price quotes.

Independent agencies write for multiple companies and can get rate quotes from each one. Agents of this type are not limited to a single company and can give you more rates, which may give you improved chances of finding a lower rate. If a cheaper price is found, an independent agent can move your coverage which is easy for the insured.

A captive, or exclusive, agent is only able to quote rates from one insurance company such as Allstate and Liberty Mutual agents. They are unable to provide rate quotes from other companies, so they have to upsell other benefits.

If you want to buy auto insurance direct, you skip local insurance agents and instead buy from a direct company like Geico or Esurance. Buying direct is a good choice for people who do not have a lot of assets and know more than average about what coverage limits and deductibles they need.

What is the best method for finding cheap auto insurance for high school students in South Dakota? The majority of people assume that buying from a direct car insurance company saves the most money since there isn’t an agent involved, but unfortunately, that is not the case. It would also be easy to say an independent agency guarantees the cheapest rates due to increased selection, but that assumption is also not necessarily accurate. In many cases, the exclusive agents have extremely competitive rates that other auto insurance companies cannot touch.

Due to the fact that auto insurance rates vary so much, really the best method to ensure you are not overpaying is to do a thorough rate comparison. If you want to save money, get rate quotes from independent agents, exclusive agents, and direct companies to get an idea of which is cheapest. For a list of companies offering online discounts, click here to view.

Ideas to find economical auto insurance for high school students

The list below summarizes some of the better penny-pinching ideas that can help South Dakota drivers buy low-cost auto insurance.

• Avoid accidents
• Save money by only buying liability coverage for older vehicles
• Good credit scores may make rates cheaper
• Raise deductibles
• Safer vehicles generally have cheaper insurance rates
• Tickets and violations raise rates
• Compare prices frequently to find the best deal

The last tip is extraordinarily crucial, as was affirmed in this piece. Coverage prices in South Dakota can change significantly in a year, so drivers shouldn’t be resistant to buy a different policy if a better rate can be found. Many drivers prefer to stick with one company, but we do not recommend it if that inflexibility results in costing you hundreds every year. It only take a few minutes to shop around and find cheaper auto insurance for high school students.