Cheapest car insurance companies in Sioux Falls 

After an in-depth analysis, found that Nationwide and Geico are the cheapest car insurance companies in Sioux Falls for 2023. 

The car insurance company in Sioux Falls that provides the cheapest car insurance premiums is Nationwide, with an average annual rate of $1,313 .

Car insurance costs may vary in Sioux Falls based on your location, driving record, coverage level and the insurance company you choose. Increase your chances of getting the best deal by comparing car insurance quotes from multiple carriers. The following companies are known to offer the cheapest auto insurance rates in Sioux Falls.

CompaniesAverage annual rates
State Farm$1,910
Farmers Mut Ins Co of NE$1,933
Iowa Farm Bureau$2,320
North Star Mutual$2,730
Data updated in 2024
Read our full methodology

Cheapest car insurance cost in Sioux Falls by Age Group 

USAA is the cheapest option for car insurance in Sioux Falls for teen drivers, with average annual premiums at just $3,982 annually. Teenagers face high insurance costs due to inexperience and higher accident rates.

Getting lower rates isn't easy for young drivers, but they can take some steps to increase their chances of getting affordable insurance. Many insurance companies offer good student discounts to drivers who maintain a certain grade point average (GPA). Besides, teen drivers can lower premiums by staying on their parents' insurance. 

USAA provides the cheapest car insurance coverage for young drivers in Sioux Falls, with an annual premium of $2,180 on average.

For Sioux Falls drivers entering their 30s, car insurance becomes significantly more affordable compared to their younger years. Nationwide provides the cheapest car insurance premiums, offering full coverage policies at $1,293 annually

Sioux Falls senior drivers seeking affordable car insurance should look no further than Nationwide. It offers the cheapest car insurance rates for seniors, with an average annual premium of $1,174. It makes Nationwide a good choice for seniors who want to save money without sacrificing coverage. 

CompanyTeensYoung AdultsAdultsSeniors
Farmers Mut Ins Co of NE$5,215$3,096$1,936$1,705
State Farm$5,408$3,148$1,912$1,788
Iowa Farm Bureau$5,639$3,177$2,168$1,768
North Star Mutual$5,996$4,203$2,595$2,398
Data updated in 2024
Read our full methodology

Cheapest car insurance companies in Sioux Falls by driver profile 

Driver profile is one of the many factors that insurers take into account to determine car insurance premiums in Sioux Falls. Drivers with a history of accidents or traffic citations on their record can expect significantly higher costs than those with a clean driving record.

To find the cheapest car insurance company in Sioux Falls, it's important to compare auto insurance rates from multiple providers. This way, you can find the best deal that meets your needs and budget. 

Based on data analysis by's experts, these are the cheapest car insurance companies for Sioux Falls drivers based on driver profile.

If you're a Sioux Falls driver with poor credit, Nationwide is the cheapest car insurance company for you, based on's in-depth data analysis. It offers a full-coverage car insurance policy at an average cost of $1,326 annually

Know which car insurance companies offer affordable car insurance for drivers with poor credit scores in Sioux Falls.

CompanyAverage annual rates
State Farm$6,439
Data updated in 2024
Read our full methodology

Based on recent data analysis, 30-year-old drivers in Sioux Falls with speeding tickets on their driving record can get the cheapest car insurance rates from Geico at an annual cost of $1,329.

Some companies are known for providing the cheapest car insurance rates, but finding the most affordable policy depends highly on individual factors. 

Comparing quotes from various car insurance companies can prove beneficial for getting the best deal. With this, you can get the coverage you need at an affordable price. 

CompanyAverage annual premium
State Farm$1,376
Data updated in 2024
Read our full methodology

If you've had an accident, State Farm might be your best bet for affordable auto insurance.

For Sioux Falls drivers with an at-fault accident, State Farm offers the cheapest average annual rate at $1,473. It's a great option if you're looking for affordable coverage that won't break the bank.

After an accident, your insurance rates are likely to go up. Finding a provider with competitive rates can help you minimize the financial impact.

CompanyAverage annual rates
State Farm$1,473
Data updated in 2024
Read our full methodology

State Farm is the cheapest option for Sioux Falls drivers seeking affordable auto insurance rates after a DUI conviction, at an annual rate of $1,376, on average.

Following a DUI conviction, it's likely that your auto insurance premiums will increase. To get affordable premiums, compare car insurance quotes from various providers. Comparison shopping can help you find the best possible offer.

CompanyAverage annual rates
State Farm$1,376
Data updated in 2024
Read our full methodology

Average car insurance cost in Sioux Falls 

In Sioux Falls, the annual cost of car insurance for the coverage level of 100/300/100 is $1,997 or around $166 per month. However, the average yearly rate for state minimum coverage in Sioux Falls is $413.

Full coverage car insurance may cost more than the state minimum, but it offers valuable protection beyond just covering damage to other drivers' vehicles. Unlike state minimum, full coverage includes damage to your vehicle in addition to liability coverage.

You can potentially lower your full coverage premium by comparing quotes from different carriers. It allows you to find the best coverage at a competitive price.

Average annual RatesState minimum average
Data updated in 2024
Read our full methodology

Methodology commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:

  • 40-year-old male driver
  • Honda Accord LX
  • 12-mile daily commute, 10,000 annual miles
  • Good credit
  • Clean record

While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.

Rates are based on coverage limits of:

  • $100,000 bodily injury per person
  • $300,000 bodily injury per accident
  • $100,000 property damage per accident
  • $500 comprehensive and collision deductible analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.

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