South Dakota Auto Insurance Quotes
The legal requirements for auto insurance in South Dakota is relatively clear, and basically if you are expecting to drive your vehicle in South Dakota, you will need to make sure that your vehicle is insured and that the insurance is current. This is critical and something that is often ignored by people. Remember that your car insurance lapses annually and it is as important to remember this date as it is to remember your date of birth.
Choices available in terms of auto insurance
Following South Dakota state requirements, there are four different options available in terms of auto insurance. The first is with reference to self-insurance wherein you are required to have 26 vehicles registered in your name! Now obviously most of us will not be eligible for self-insurance but this is good general information to know.
The second is by the provision of a surety bond with an authorized in-state broker. This means that the protection that is available is basically via a guarantee through the broker. The third method is by a Certificate of Deposit with the State Treasurer, usually to the amount of $50,000. The three methods mentioned above are not commonly used by vehicle owners in South Dakota, and it is the fourth method that is most convenient and practical.
This fourth method is via liability coverage that basically means auto insurance. The requirements of auto insurance in South Dakota are clear and coverage must include $25,000 for injury or death to one person, $50,000 for injury or death to more than one person, and $25,000 for damage to property. This is the minimum insurance liability in South Dakota and all auto insurance quotes will specify this.
Choosing your insurance provider
The best means of choosing an insurance provider is to explore your options on the internet. This will provide you with the listing of insurers that provide such insurance (and you must always remember to check that the insurance company is licensed). It will also provide online facilities for you to obtain quote calculations. This will allow you to obtain a preliminary quotation on how much your auto insurance will cost. Based on these figures from different insurance providers, it may be possible to then narrow it down to a list of between three to five providers you are interested in. At this point, it would be ideal to arrange appointments with agents from these companies, in order to obtain a formal quote for your auto insurance.
You will have to bear in mind when finalizing your auto insurance details that you have a clear understanding of the type of coverage that you have, and that it fulfills the minimum state requirements. In addition, if you have a budget constraint in terms of paying your insurance premiums, you may want to look at which optional items you really require and which you don’t, and then omit those that you think are not critical. Ideally of course, it would be best if you insure to the maximum in order to cover every eventuality, but sometimes this is not possible.
Impact of failure to insure
Sometimes, there are people who are willing to take a risk and drive an uninsured vehicle, however, it is better that you are aware of the risks that you take when you do this. In the first instance, when you are stopped by law enforcement officers, you will be required to produce documentation that your car is insured, and if you are unable to do so, you risk being fined up to $100 and also of being jailed for 30 days! If that is not reason enough to get insurance, you could also lose your license, meaning that your license could be suspended for up to one year.
In the event that these things happen, the next time you attempt to insure your vehicle, there is a very real probability that you will end up having to pay higher premiums as well. Remember that once you have insured your vehicle, that the state requires you to file proof of insurance in the form of the SR-22 document and failure to do so could cost you your license, the license plates and your vehicle registration as well.
So before you get into your car and start the engine, pause and think. Is your car already insured?