South Dakota Auto Insurance
It is required that all drivers have a minimum amount of South Dakota auto insurance. This insurance is most commonly known as liability insurance, and it covers injuries and damages to other parties when you are found at fault for an auto accident. This liability insurance can be broken into two categories: Bodily Injury Liability and Property Damage Liability.
- Bodily Injury Liability
This liability coverage covers bodily injuries and medical expenses to third parties, when you are found at fault for an auto accident. It covers these expenses up to a maximum amount, as agreed upon in your insurance policy. Any damages above your liability amount, becomes you sole responsibility to pay, so if the damages exceed your liability amount, you could end up paying thousands of dollars out of your own pocket!
The minimum amount of bodily injury liability in South Dakota is $25,000 per person and $50,000 per accident. This is the minimum amount you must have but you can increase this amount, and it is recommended to do so in order to be fully protected. Remember that bodily injury liability covers injuries to third parties; it does not cover your injuries. For that coverage, some form of medical insurance in required.
- Property Damage Liability
This liability covers property damages that you cause when you are found at fault for an accident. It does not cover damages to your car. In order to have your car covered you will need
comprehensive and collision
coverage. You are required to have at least $25,000 of property damage insurance. It is recommended to increase this amount of the state minimum, as any damages over your liability limit will be your responsibility to pay.
Increasing your liability amounts will increase your yearly premiums, but to a small degree. To determine the extend of this increase, get an online
auto insurance quote
. This will compare all South Dakota auto insurance companies and find you the lowest prices.
- Uninsured Motorist Insurance
Lastly you are required to have uninsured motorist insurance. This insurance will protect you if you are involved in an accident with a motorist who is uninsured. Instead of you having to take them to court in order to collect for damages, your insurance company will cover your damages, and then take the uninsured motorist to court.
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