Shopping around for reasonably-priced auto insurance is challenging, and deciding which companies have the best car insurance rates for Lyft drivers involves even more work. Every car insurance company has a proprietary method to determine premium rates, so let’s take a look at the lowest cost car insurance companies in South Dakota.
It’s a good idea to be aware that South Dakota car insurance rates are impacted by many factors that control the price you have to pay. Price variation is why consumers need to take the time to perform a complete rate comparison when trying to find the most affordable car insurance quotes for Lyft drivers. Auto insurance prices are calculated by many factors and can change without notice, so the best company the last time you compared rates may now be one of the more expensive options.
Find Cheaper Car Insurance for Your Lyft Vehicle
|Rank||Company||Cost Per Year|
|5||Farmers Mutual of Nebraska||$1,036|
|10||Farm Bureau Mutual||$1,259|
|16||National Farmers Union||$1,843|
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USAA may have some of the lowest car insurance rates in South Dakota at around $650 annually. Auto-Owners, State Farm, Unitrin, and Farmers Mutual of Nebraska also are some of the most economical South Dakota auto insurance companies.
In the rate table above, if you have coverage with Farmers Mutual of Nebraska and switched to Auto-Owners, you could realize a yearly price reduction of roughly $139. South Dakota drivers with Western National might save as much as $149 a year, and Farmers customers might see rate reductions of $180 a year.
To get a quick, customized rate comparison, click here to get a free quote or click through to the companies below.
Understand that those policy rates are averages for all drivers and vehicles in South Dakota and do not take into consideration a price decrease for Lyft drivers. So the insurer that fits you best may not even be shown in the company chart above. That helps illustrate why you need to get quotes using your own personal information and vehicle type.
When shopping for auto insurance for Lyft vehicles, one of the many things that impact the cost of insurance is the neighborhood you call home in South Dakota. Densely populated urban areas like Pine Ridge, Lead, and Sturgis tend to pay more, whereas areas with fewer weather claims and lower vehicle theft rates have the luxury of the cheapest auto insurance for Lyft drivers in South Dakota.
The following table sorts the most expensive places in South Dakota for Lyft drivers in which to purchase auto insurance.
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Rates are estimated as vehicle location can lower or raise rates substantially.
The vehicle driven is one of the largest factors that determines whether or not you can buy the cheapest auto insurance for Lyft drivers in South Dakota. Vehicles with high performance engines, poor passenger safety features, or a high likelihood of having liability claims will cost much more to insure than safer, lower-performance models. The next table illustrates coverage premiums for a number of the more afforable automobiles to insure in South Dakota.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLT 2WD||$681|
|Chevrolet Traverse LTZ AWD||$772|
|Dodge Grand Caravan Hero||$810|
|Hyundai Tucson Limited 2WD||$818|
|Hyundai Elantra Blue 4-Dr Sedan||$838|
|Toyota Camry XLE||$857|
|Kia Optima LX||$859|
|Honda CR-V EX-L 2WD||$863|
|Kia Forte EX 4-Dr Sedan||$870|
|Chevrolet Malibu LTZ||$875|
|GMC Sierra SLT Extended Cab 2WD||$883|
|Subaru Forester X AWD||$877|
|Ford Edge Limited 2WD||$903|
|Honda Odyssey LX||$912|
|Toyota Sienna LE||$924|
|Chevrolet Silverado LTZ Crew Cab 2WD||$929|
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Table data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and South Dakota minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Information does not factor in specific location information which can affect premiums significantly.
Based upon the rates shown, vehicles like the Ford Escape, Toyota Prius, and Chevrolet Traverse will be a few of the cheaper vehicles to insure for Lyft vehicles.
Car insurance companies that offer cheap quotes for Lyft drivers may additionally offer special discounts that can reduce rates by as much as 40% or more if you qualify. Popular car insurance companies and a partial list of their discounts can be read below.
|Defensive driving course||Yes||Yes||Yes||Yes||Yes|
|Pay in full||No||Yes||Yes||Yes||Yes|
|Own your home||No||No||No||Yes||Yes|
|Seat belt usage||No||Yes||No||No||No|
|Get quote online||No||No||No||Yes||No|
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The chart below shows the comparison of car insurance rates with and without policy discounts. The premiums are based on a female driver, no claims or driving citations, South Dakota state minimum liability limits, comprehensive and collision coverage, and $100 deductibles.
The first bar for each age group shows the average rate with no discounts. The second shows the rates with defensive driving course, claim-free, marriage, vehicle safety, homeowner, and accident-free discounts applied. When discounts are applied, the the average yearly reduction on car insurance for Lyft drivers is % or $.
If you’re looking for the cheapest auto insurance for Lyft vehicles in South Dakota, the first places to look would be State Farm, Progressive, Geico, and Allstate. Between them, they make up almost half of the entire U.S. car insurance market. The data below rates some of the different options and features you can expect with each one.
|Number of Discounts||3rd||4th||2nd||1st|
|Customers who recommend||88%||88%||87%||86%|
|Uber and Lyft insurance||Yes||Yes||Yes||Yes|
|Rate for vehicle usage||Yes||Yes||No||Yes|
|New car replacement||No||No||No||Yes|
|Emergency roadside assistance||Yes||Yes||Yes||Yes|
|Available in South Dakota||Yes||Yes||Yes||Yes|
|Types of agents used||Can only buy from State Farm agents||Buy online or from an independent agent||From a Geico agent or online||Allstate-only agents|
|Number of agents||18,000+||30,000+||150+||11,000+|
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Here are a few thrifty suggestions that can help drivers locate more affordable coverage.
The last suggestion is especially crucial, as we noted in the prior article. Coverage prices in South Dakota fluctuate constantly, so don’t be hesitant to buy a different policy if you can find a cheaper rate.
Having brand loyalty is commendable, but is isn’t recommended if it’s costing you potentially thousands of dollars a year. Take a few minutes and shop around and find cheaper insurance for Lyft drivers.