Cheapest car insurance companies in Sioux Falls 

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

Nationwide has the cheapest car insurance rates in Sioux Falls at an average cost of $1,313 per year.

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
Nationwide$1,313
USAA$1,508
Geico$1,719
State Farm$1,910
Farmers Mut Ins Co of NE$1,933
Farmers$1,966
Allstate$1,993
Auto-Owners$2,040
Iowa Farm Bureau$2,320
Progressive$2,539
North Star Mutual$2,730

Cheapest car insurance cost in Sioux Falls by Age Group 

USAA offers the cheapest full coverage car insurance for teenage drivers in Sioux Falls, with an average annual cost of $3,982 per year. Insurance companies deem teenagers as "high-risk" drivers due to their inexperience and statistically higher accident rates. This elevated risk profile translates to significantly higher car insurance costs for young drivers compared to their older counterparts. 

However, teen drivers can keep their insurance rates low by taking advantage of the good student discount or by staying on their parent's car insurance policy for as long as possible. 

When compared to other car insurance companies, USAA turned out to be the cheapest car insurance company for young drivers in Sioux Falls, offering full coverage at an annual average cost of $2,180.

You'll find that car insurance rates are much lower by the time drivers reach their 30s than they are for drivers in their 20s. The cheapest auto insurance company for adult drivers in Sioux Falls is Nationwide. Its average rate for a full coverage car insurance policy is $1,293 per year

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
USAA$3,982$2,180$1,515$1,423
Nationwide$4,958$2,318$1,293$1,174
Geico$4,986$2,806$1,668$1,604
Farmers Mut Ins Co of NE$5,215$3,096$1,936$1,705
State Farm$5,408$3,148$1,912$1,788
Auto-Owners$5,564$3,457$2,030$1,860
Iowa Farm Bureau$5,639$3,177$2,168$1,768
North Star Mutual$5,996$4,203$2,595$2,398
Progressive$8,432$3,787$2,582$2,286
Allstate$8,546$3,156$1,970$1,994
Farmers$8,606$2,642$1,886$1,733

Cheapest car insurance companies in Sioux Falls by driver profile 

Car insurance rates in Sioux Falls vary by driver profile. Drivers with a history of accidents or tickets on their record will likely pay more for car insurance than those without any driving violations

It's important to compare insurance quotes from at least three carriers to find the cheapest insurance company in Sioux Falls that suits your budget. 

Below are some of the cheapest car insurance companies in Sioux Falls by driver profile.

The cheapest car insurance company for a driver with poor credit is Nationwide. It offers auto insurance for Sioux Falls drivers at about $1,326 per year

Drivers with poor or bad credit scores in Sioux Falls can consider the following car insurance companies to get the affordable car insurance coverage. 

CompanyAverage annual rates
Nationwide$1,326
Geico$1,452
Farmers$2,366
USAA$2,403
Allstate$2,830
Progressive$3,198
State Farm$6,439

Geico offers the cheapest auto insurance rates for drivers with a speeding ticket in Sioux Falls. It provides full coverage car insurance for drivers aged 30 at about $1,329 per year

Finding the right car insurance company is all about individual needs. Take the time to compare quotes from different carriers and secure the best deal. With careful analysis, you can find an insurance company that provides the best rates and coverage tailored to your specific needs.

CompanyAverage annual premium
Geico$1,329
State Farm$1,376
Nationwide$1,451
USAA$1,497
Farmers$2,146
Allstate$2,215
Progressive$2,405

State Farm is the cheapest auto insurance provider for drivers with a history of accidents. Its average annual rate for a driver with an at-fault accident in Sioux Falls is $1,473. If you've had an accident in the past, it's important to find a provider that offers rates that are affordable and won't hurt your pocket. 

CompanyAverage annual rates
State Farm$1,473
Nationwide$1,655
USAA$1,845
Geico$2,142
Farmers$2,477
Allstate$2,862
Progressive$3,031

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.

A DUI conviction can significantly affect your auto insurance rates. However, to keep your coverage rates low, it is important to compare quotes from various insurers before renewing or purchasing a new policy. Doing so ensures you get the most competitive rate for your situation.

CompanyAverage annual rates
State Farm$1,376
Nationwide$2,413
Progressive$2,438
Farmers$2,544
USAA$2,719
Allstate$3,574
Geico$6,357

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.

While full coverage car insurance is more expensive than the state minimum, it provides valuable protection for your own vehicle in addition to coverage for other drivers in the event of an accident. To save money, consider comparing quotes from multiple insurance companies.

Average annual RatesState minimum average
$1,997$413

Methodology

Insurance.com 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

Insurance.com 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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