Who Has the Cheapest Insurance Quotes for a Toyota Tundra in South Dakota?
Enter your South Dakota zip code below to view companies that have cheap auto insurance rates.
UPDATED: Nov 14, 2019
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Your odds of finding cheap coverage for a Toyota Tundra in South Dakota depends upon a complex formula that factors things such as how far you commute, if you have ever let your policy lapse, and if you have any chargeable driving offenses. Drivers pay an average rate of $970 annually to insure their Tundra, but that amount is an approximation that rates a 50-year-old married male driver who requires full coverage including both comprehensive and collision and $100 physical damage deductibles.
There is a good possibility you are not 50 and maybe not even a male, maybe you are single instead of married, or maybe you rent instead of own your home. Having just a slight change in input factors may result in significant differences in the cost of insurance.
Auto insurance is unique to every driver, so the most reliable method for finding the cheapest rates for your Toyota is to make a habit of comparing prices at least once a year. Do a quick rate comparison now and you will receive rate quotes from some of the best companies in South Dakota.
The specific trim level tends to impact the annual cost of coverage, so the price you pay to insure a Tundra Regular Cab 2WD will be $214 less expensive the cost to insure the higher-priced Tundra SR/5 Crew Max 4WD version, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Tundra Regular Cab 2WD||$172||$320||$320||$18||$96||$926||$77|
|Tundra SR/5 Double Cab 2WD||$198||$390||$320||$18||$96||$1,022||$85|
|Tundra SR/5 Crew Max 2WD||$198||$390||$320||$18||$96||$1,022||$85|
|Tundra Regular Cab 4WD||$224||$390||$320||$18||$96||$1,048||$87|
|Tundra Double Cab 4WD||$224||$390||$320||$18||$96||$1,048||$87|
|Tundra SR/5 Double Cab 4WD||$224||$390||$320||$18||$96||$1,048||$87|
|Tundra Limited Double Cab 2WD||$224||$458||$320||$18||$96||$1,116||$93|
|Tundra Limited Crew MAX 2WD||$224||$458||$320||$18||$96||$1,116||$93|
|Tundra Limited Crew MAX 4WD||$248||$458||$320||$18||$96||$1,140||$95|
|Tundra SR/5 Crew Max 4WD||$248||$458||$320||$18||$96||$1,140||$95|
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Data variables include married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and South Dakota minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Table data does not factor in vehicle garaging location which can affect coverage rates noticeably.
Buying coverage from the right company is hard considering how many different companies there are to choose from in South Dakota. The rank data displayed below can help you select which auto insurers to look at buying from.
The rankings below are only comprised of companies that insure vehicles across America, so smaller companies that only insure vehicles in South Dakota will not be included in the list. To get price quotes and find cheaper insurance for a Toyota Tundra, simply click here.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Price comparison of only insuring for liability
Finding the cheapest insurance for a Toyota Tundra in South Dakota should be important to the majority of vehicle owners, and one common way to pay less for insurance is to not pay for full coverage. The chart below shows the comparison of insurance rates with and without physical damage coverage. The rate quotes are based on a clean driving record, no at-fault accidents, $500 deductibles, single marital status, and no discounts are taken into consideration.
As an overall average, comp and collision coverage costs an additional $1,784 per year over liability only. At some point, about every driver wonders if buying full coverage is a waste of money. There is no definitive guideline for eliminating full coverage on your policy, but there is a guideline you can use. If the annual cost of having full coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, the it may be a good time to stop paying for full coverage.
For example, let’s say your vehicle’s claim settlement value is $8,500 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would receive is $7,500 after the policy deductible has been paid. If premiums are more than $750 a year for comprehensive and collision coverage, then it might be time to buy liability only.
There are some conditions where buying only liability insurance is not recommended. If you still owe money on your vehicle, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should maintain full coverage.
Get discount South Dakota insurance rates
Insurers that provide the cheapest insurance for a Toyota Tundra in South Dakota may additionally offer rate discounts that can reduce rates by 25% or more if you meet the requirements. A few popular companies and some of the discounts are:
- State Farm has discounts for defensive driving training, good student, good driver, safe vehicle, multiple autos, and passive restraint.
- Progressive has savings for homeowner, continuous coverage, multi-vehicle, good student, online quote discount, multi-policy, and online signing.
- Travelers policyholders can earn discounts including good student, new car, payment discounts, student away at school, multi-policy, and continuous insurance.
- American Family may offer discounts for defensive driver, bundled insurance, air bags, multi-vehicle, Steer into Savings, mySafetyValet, and good driver.
- Liberty Mutual offers premium reductions for newly retired, safety features, hybrid vehicle, new graduate, teen driver discount, and multi-policy.
The information below shows the comparison of car insurance rates with and without discounts. The premium estimates are based on a male driver, no tickets, no at-fault accidents, South Dakota state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows insurance cost with no discounts. The second shows the rates with multiple policy, passive restraint, homeowner, accident-free, safe-driver, and defensive driving course discounts applied. When discounts are factored in, the average amount saved each year on insurance for a Toyota Tundra is 28% or $531.
The benefits of price comparisons
South Dakota insurance rates are impacted by many things which can significantly increase or decrease your annual premium. Getting older, getting married, or getting a reckless driving citation may prompt premium changes that may make certain companies affordable when they were higher priced.
Not only may things change on your end, but insurers change prices every year or even multiple times each year to ensure their profitability. Higher than normal claims can result in additional premium costs, while a better claims history can produce cheaper Tundra insurance rates.
As an example, the bar chart below shows which company has the cheapest car insurance in South Dakota for a 45-year-old male driver with a clean driving record, no accidents, and excellent credit. When quoting prices based on his current risk factors, USAA might offer the cheapest car insurance rates in South Dakota at $631 each year. This is $679 less than the average rate paid by South Dakota drivers of $1,310. Auto-Owners, State Farm, Farmers Mutual of Nebraska, and Western National are the remaining cheapest South Dakota auto insurance companies.
The example below compares rates after we give the driver from the first set of rates a chargeable claim, a lower credit score, and a traffic ticket or two. Because each insurer has a different formula to set their prices, getting updated rate quotes may now present a new list of the cheapest South Dakota car insurance companies as shown below.
Farmers now has the cheapest rate in South Dakota with Buckeye, Allied, Progressive, and Auto-Owners now being in the top five. This example shows why it is critical to do a thorough rate comparison when trying to get the lowest insurance rates for a Toyota Tundra.
Rates are determined by many factors and can increase or decrease at any time, so the best company a year ago may now not even be in the top five.
How to find low-cost auto insurance for a Toyota Tundra
The list below details a few money-saving solutions that can help drivers locate more affordable auto insurance.
- Too many claims can make car insurance unaffordable
- Keep your driving record clean
- Staying accident-free helps keep rates low
- Improve your credit score
- Buy vehicles with good safety ratings
- Look for cheaper rates once a year by shopping around
The last tip in the list is extremely significant, as was discussed in the prior article. Rates in South Dakota can change considerably based on profitability, so drivers shouldn’t be reluctant to buy a different policy if a more affordable rate is found. Having a favorite company is great, but is isn’t recommended if that devotion results in you overpaying hundreds of dollars year after year. It only takes a couple minutes to compare prices to find cheaper auto insurance for a Toyota Tundra.
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