Even the most experienced and cautious drivers can sometimes find themselves in car accidents. That is why Brookings, SD vehicle owners are required to have auto insurance. From fender benders on 6th Street to multi-car collisions on I-29, a reliable car insurance policy can shield you from facing a large financial loss in the aftermath of an accident. Independent Insurance Agents in Brookings make shopping around for the best car insurance stress-free. These agents can provide you with a variety of customized auto insurance quotes so you can be sure you are getting an ideal policy at an affordable price. Contact an insurance agent near you to learn more.
South Dakota Minimum Car Insurance Requirements
If you own a car in South Dakota, you must have car insurance that meets or exceeds the following minimum coverage requirements:
- Bodily injury liability: Required
- Property damage liability: Required
- Personal injury protection (PIP): Not required
- Uninsured motorist coverage: Required
- Minimum liability limits: 25/50/25; Coverage up to $50,000 for all persons injured in an accident, subject to a limit of $25,000 per individual; and $25,000 coverage for property damage.
You can opt to buy a policy that merely meets the state’s minimum coverage requirements. It’s the cheapest option and the coverage included should be enough to cover you for most minor collisions. However, if you are responsible for a major accident that results in serious injuries or significant property damage, your liability costs can easily exceed what a minimum coverage policy will cover. In that case, you would be expected to make up the difference out-of-pocket.
That is why many Brookings vehicle owners choose to purchase car insurance that has higher-than-required liability limits. If you wish to have even more liability coverage than your policy will allow, you can also purchase umbrella insurance. This is an affordable way to significantly boost your liability coverage and better protect your assets.
How Much Does Car Insurance Cost in Brookings, SD?
The average cost for car insurance coverage in South Dakota is lower than the national rate, and in Brookings, it is even lower. Even so, you still have room for big savings when you take the time to comparison shop.
- National average annual car insurance cost: $1,311
- South Dakota average annual car insurance cost: $1,180
- Brookings average annual car insurance cost: $1,067
Of course, auto insurance rates can vary significantly from one driver to the next, so these figures only offer a ballpark idea of what your actual costs might be. Actual costs are calculated individually according to several factors such as:
- The make, model, year, and trim of the vehicle you are insuring
- Your age, occupation, driving record, claims history, and credit score
- Information about the other licensed drivers in your household
- Whether you own or rent your home
- The approximate number of miles you drive your vehicle each year
- How much coverage you are purchasing and the amount of your deductible
- The accident and auto theft rates in the vicinity of your home
You can often get lower rates if you have a safe driving record or if you bundle your coverage with another policy like home insurance or renters insurance. Independent insurance agents can make sure that you get your policy at a competitive price.
Coverage against Uninsured Motorists in South Dakota
The penalties for driving an uninsured vehicle in South Dakota are severe. They can include fines, suspension of your driver’s license for up to one year, the requirement to provide proof of insurance coverage for three years, and even time in jail. Despite this, nearly 8% of the drivers sharing the road with you in this state are not covered by auto insurance.
- Percentage of US drivers who are uninsured: 12.6%
- Percentage of South Dakota drivers who are uninsured: 7.7%
This is why uninsured motorist insurance was created. This coverage is optional in many states, but in South Dakota, it is a required part of your car insurance policy. Uninsured motorist insurance guarantees that you will receive the compensation you deserve if an uninsured, underinsured, or hit-and-run driver is responsible for a collision with your vehicle. Your insurance company will then take over the difficult task of collecting the money owed by the at-fault driver, and will absorb the costs if they are unsuccessful.
Auto Thefts in Brookings Are Covered by Comprehensive Insurance
The auto theft rate in South Dakota is lower than the national average, and in Brookings, it is extremely low. This is not to say that cars are never stolen in this city. In recent years, Brookings residents reported 36 auto thefts.
- National auto theft rate per 1,000 vehicles: 2.94
- South Dakota auto theft rate per 1,000 vehicles: 1.74
- Brookings auto theft rate per 1,000 vehicles: 0.21
Your car insurance policy must include comprehensive coverage in order for you to be compensated for an auto theft. This “other than collision” coverage is not required by law, but it is required by most lenders until your auto loan is paid in full. Comprehensive insurance provides coverage for a wide variety of non-collision risks that can cause damage to your vehicle. This includes falling objects, windstorms, structure fires, wildfires, floods, and property crimes. Talk to your independent insurance agent to learn how much it will cost to include this optional coverage in your auto insurance policy.
Why Work with an Independent Insurance Agent?
As a vehicle owner in Brookings, you can turn to a local independent insurance agent for help when you are searching for a car insurance policy that meets your coverage and budgetary needs. These agents are free to work with several different insurance companies so they can obtain a variety of customized car insurance quotes that you can review together.
Contact an insurance agent with an office in or near Brookings to get started with your search for the best auto insurance coverage.
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