Discount Insurance Quotes in South Dakota – SD
South Dakota law requires all operators of a motor vehicle to maintain auto insurance on all registered vehicles. Persons who license and operates a motor vehicle must be able to provide proof of financial responsibility when requested. Residents can satisfy the South Dakota law requirements by purchasing personal automobile insurance and carrying a valid insurance card or certificate of insurance at all times. Insurance coverage is not required for vehicles that are not registered or operable.
The South Dakota state minimum insurance laws requires drivers to carry $25,000 in bodily injury liability for one person involved in any one accident and $50,000 bodily injury liability for two or more persons in a single accident. Property damage in the amount of $25,000 is also required to pay for any damage to property if the insured is proven to be at fault for the accident. In addition, state law requires all drivers to carry uninsured/underinsured motorist coverage for bodily injury.
Liability insurance only covers damages to other vehicles or property. It does not cover any damage done to the insured vehicle and will not cover any costs of a rental car due to an accident; however, most insurance company policies written in South Dakota have a sufficient amount of coverage to cover rental vehicles. This means that the insured individual can rent a car and avoid paying additional fees per day for insurance through the rental agency.
South Dakota is one of several states that follow the Tort system. This means that someone will always be found to be at fault in an auto accident. The responsible party is held accountable for all damages done to the other party’s vehicle or property. Their insurance company will typically handle all damage as a result of the accident. If the amount of the insurance is not sufficient enough to cover all costs, the liable party is legally responsible for the remaining balance. It is typically recommended to carry a higher amount of insurance coverage than the state minimum to avoid any potential problems due to insufficient coverage.
Full coverage insurance provides financial protection to all vehicles and personal property that may be involved. This includes the insured’s property as well. Individuals who are financing or leasing a vehicle may be required by their lender to purchase full coverage to protect the value of the vehicle. The rate of the policy will depend on how much coverage the applicant is requesting. Consumers can pay a lower rate by choosing a higher deductible on their comprehensive and collision coverage. Consumers have the option to shop around for discount auto insurance quotes in South Dakota before committing to purchase a policy.
It is legal in the state of South Dakota for auto insurance companies to assess the risk factor of an applicant by using the applicant’s personal credit history as well as other factors. Insurance companies have the right to determine the auto insurance rate based on the applicant’s insurance risk factory obtained through the credit history report. In addition, companies will evaluate the age, gender, past driving history, geographical location and the type of vehicle to determine the rates of a policy.
Drivers can face serious penalties if involved in an accident or if proof of insurance is requested by authority. They can be ordered to pay up to $100 in fines and even serve time in jail. In addition, the driver will undergo a suspension on their license that can last anywhere from 30 days to one year. Once the license becomes suspended, the driver will have to pay a reinstatement fee along with any associated application fees.