Cheapest Car Insurance Quotes in Elk Point

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Elk Point Car Insurance

^$ 16

/mo

Written by Sara Sam

Edited by Renee Martin

Why you can trust Way?

The auto insurance rates published in this guide are based on the results of research completed by Way’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes. These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with Way.

Table of Contents

How Much Is Car Insurance in Elk Point

The car insurance rate in Elk Point is $744 for a six-month policy, which is $101 lower than the higher than the state average. Root Insurance Company offers the lowest rates in the city at $345, making it a popular choice for budget-conscious drivers. Rates in Elk Point can vary depending on your age, driving record, and coverage level, so not every driver will pay the same amount. Choosing a higher deductible, maintaining a clean driving history, and comparing quotes from multiple insurers can help you find better deals and save money over time.

Avg. Car Insurance in Elk Point

$744

Avg. Car Insurance in South Dakota

$845

National Average

$1140

Cheapest Car Insurance Companies in Elk Point

1st place: Kemper

At $345 for a six month policy, Kemper offers the cheapest auto insurance rates in the city.

2nd place: Farmers Mutual of Nebraska

Farmers Mutual of Nebraska offers auto insurance rates at $397 for a six-month policy, making it one of the cheapest to insure with.

3rd place: AutoOwners Insurance Co

AutoOwners Insurance Co offers auto insurance rates at $455 for six months, making it the third cheapest auto insurance company in Elk Point.

Elk Point Car Insurance Rates by Company

Based on our research, the cheapest car insurance company in Elk Point, SD is Kemper, offering policies at just $345 for a six-month term. This is followed by Farmers Mutual of Nebraska, which has an average six-month premium of $397.

At the higher end of the spectrum, North Star Mutual is the most expensive, with rates reaching $988 for a six-month policy. Rates can vary widely by driver, but comparing quotes from multiple companies can help Elk Point drivers find the best deals.

Cheap Car Insurance Companies in Elk Point, SD

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Kemper	$345	$57
Farmers Mutual of Nebraska	$397	$67
Auto-Owners Insurance Co	$455	$76
American Family	$606	$102
State Farm	$737	$124
Allstate	$857	$144
USAA	$862	$145
Auto-Owners	$878	$150
Farmers	$915	$154
Progressive	$925	$156
Nationwide	$962	$162
North Star Mutual	$988	$168

Key Takeaways

Way's key takeaways about car insurance in Elk Point

The auto insurance costs in Elk Point fall around $345 for six months.
The cheapest auto insurance company in Elk Point is Farmers Mutual of Nebraska.
Teen drivers pay the highest rate in Elk Point at $27 per month.

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Cheapest Minimum Liability Car Insurance in Elk Point

Since car insurance is a critical requirement for owning a car, you must have minimum liability car insurance. The cheapest car insurance companies for minimum coverage in Elk Point are given below.

Farmers Mutual of Nebraska provides the cheapest minimum car insurance coverage in Elk Point. Their Average 6 Month Premium is $94. North Star Mutual Insurance is the most expensive at $151 for the same period.

Cheapest Liability Coverage in Elk Point, SD

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Farmers Mutual of Nebraska	$94	$16
Kemper	$121	$20
USAA	$121	$20
American Family	$126	$21
Auto-Owners	$136	$23
North Star Mutual	$136	$23
Auto-Owners Insurance Co	$141	$24
Progressive	$141	$24
State Farm	$141	$24
Farmers	$235	$40
Nationwide	$288	$48
Allstate	$308	$53
North Star Mutual Insurance	$151	$26

Cheapest Full Coverage Car Insurance in Elk Point

One might think that minimum coverage is only required when insuring your car insurance. However, having full coverage car insurance in any city is certainly a wise choice as it offers better coverage and protection. Our best pick for the cheapest auto insurance quotes in Elk Point is Kemper at $57 per month and $345 for six months.

Cheapest Full Coverage Car Insurance Quotes in Elk Point, SD

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Kemper	$345	$57
Farmers Mutual of Nebraska	$397	$67
Auto-Owners Insurance Co	$455	$76
American Family	$606	$102
State Farm	$737	$124
Allstate	$857	$144
USAA	$862	$145
Auto-Owners	$878	$150
Farmers	$915	$154
Progressive	$925	$156
Nationwide	$962	$162
North Star Mutual	$988	$168

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Average Car Insurance in Elk Point by Rating Factor

The car insurance rates for two people under the same ZIP code will mostly be different. This is mostly because insurance rates are calculated based on several rating factors. These rating factors include the driver's age, gender, marital status, driving and claims history, credit score, location, type of vehicle, and coverage levels.

I have a clean driving record. Why is my car insurance rate here in Elk Point, SD increasing?

Despite maintaining a clean driving record, your car insurance rates in Elk Point, South Dakota, may be increasing due to several external factors. South Dakota has experienced significant rate hikes recently, with average premiums rising by 25.5% in 2023, largely attributed to higher claims volumes and inflation.

Additionally, Elk Point's high urban population density, raised auto theft rates, and frequent natural disasters contribute to increased insurance costs.

Car Insurance Premiums by Age in Elk Point

It is quite evident why teen drivers pay the highest car insurance rates in any city. Their lack of experience and increased accident rates make them a highly risky category. However, as you grow older, your car insurance rates will decrease. So, it is better to not have separate policies for teens; instead, add them to their parents' policies.

Cheapest Car Insurance Companies Based on Age Group

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Cheapest Car Insurance Rates for Teen Drivers in Elk Point,SD

If you are planning to get a car insurance policy for your teenage dependent, Kemper provides the cheapest car insurance in the Elk Point at $29 per month. At $162 for a six-month premium, North Star Mutual Insurance offers the most expensive rate for teen drivers.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Kemper	$172	$29
Auto-Owners Insurance Co	$183	$31
Farmers Mutual of Nebraska	$544	$92
State Farm	$1045	$176
USAA	$1108	$187
American Family	$1427	$240
Farmers	$1573	$265
Progressive	$1641	$276
North Star Mutual	$2091	$356
Auto-Owners	$2180	$363
Nationwide	$2859	$481
Allstate	$4490	$748
North Star Mutual Insurance	$162	$27

Teen Car Insurance Rates in SD by Age

Car Insurance Rates by Credit Score & Driving History

Similar to your driving history, your financial history also plays a key role in determining your auto insurance rates. A low credit score would mean a lapse in payment and increased chances of filing claims, which results in higher auto insurance rates. Therefore, the higher the credit score, the lower the car insurance rates will be.

Cheapest Car Insurance Companies for Bad Credit

For those with poor credit scores in Elk Point, Farmers Mutual of Nebraska is the cheapest car insurance provider. At $89 for a six-month premium, they offer the best rates in the city. The most expensive auto insurance rate for drivers with bad credit in Elk Point is State Farm, offering rates of around $2901 for six months.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Farmers Mutual of Nebraska	$89	$15
Western National	$157	$26
Iowa Farm Bureau	$209	$35
Kemper	$240	$40
American Family	$836	$141
Progressive	$889	$150
USAA	$1328	$221
North Star Mutual	$1636	$278
Farmers	$1641	$274
Nationwide	$1725	$293
State Farm	$2901	$483

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Car Insurance Rates with An Accident in Elk Point

Both accidents and the resulting increase in insurance rates are often beyond our control. When you’re involved in an accident, you become riskier to insure, consequently increasing the rates. In Elk Point, SD, accidents can lead to significant hikes in your premiums.

Cheapest Car Insurance Companies after an At-Fault Accident in Elk Point

The cheapest car insurance companies after an at-fault accident in Elk Point include Western National and Kemper, offering $167 and $188, respectively. North Star Mutual Insurance is an expensive provider with an average six-month premium of $272.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Western National	$167	$28
Kemper	$188	$32
Auto-Owners Insurance Co	$194	$33
Farmers Mutual of Nebraska	$392	$66
State Farm	$402	$68
USAA	$601	$101
Progressive	$633	$106
Auto-Owners	$649	$109
Farmers	$789	$133
American Family	$857	$144
Allstate	$1255	$209
Nationwide	$1646	$277
North Star Mutual	$1699	$283
North Star Mutual Insurance	$272	$47

Elk Point Car Insurance Rates by Violation

Here is a list of driving violations that can increase your car insurance rates in Elk Point SD. For example, the car insurance in Elk Point after a DUI increases to $763 for a six month policy. While the rate increases by $146 for a six-month policy in the case of a speeding ticket.

Elk Point auto insurance quotes by violations

Accident/Violation	Avg. 6 Mo Premium	Avg. Monthly Premium
None	$873	$145
One Med/PIP claim	$873	$149
Not-at-fault accident	$894	$149
Two Med/PIP claims	$925	$158
One comp claim	$930	$155
Failure to show documents	$962	$164
Two comp claims	$962	$160
Failure to wear a seat belt	$988	$168
Child safety restraint	$1003	$167
Driving without lights	$1003	$171
Driving with expired registration	$1008	$168
Wrong way/wrong lane	$1008	$172
Cell phone violation	$1014	$169
Driving too slowly	$1014	$172
Texting while driving	$1014	$169
Failure to stop at a red light	$1019	$173
Failure to yield	$1019	$170
Following too closely	$1019	$173
Illegal turn	$1019	$170
Speeding 6 - 10 MPH over limit	$1019	$173
Improper passing	$1030	$172
Speeding 11 - 15 MPH over limit	$1035	$176
Speeding 16 - 20 MPH over limit	$1040	$173
Operating a vehicle without permission	$1067	$181
At-fault accident - less than $1000	$1077	$180
In 65 MPH zone	$1077	$183
Speeding in school zone	$1082	$180
Speeding 21 - 25 MPH over limit	$1108	$188
Passing school bus	$1155	$193
Open container	$1197	$203
At-fault accident - $1000-$2000	$1213	$202
At-fault accident - greater than $2000	$1213	$206
Driving with a suspended license	$1463	$244
Reckless driving	$1479	$252
Refusal to submit to a chemical test	$1563	$260
Racing	$1615	$275
DUI	$1636	$273
Leaving scene of an accident/hit and run	$1673	$284

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Way Tip

Avoid Having A DUI On Your Driving Record.

A DUI can increase your car insurance rates—by $5,000 to $10,000 over five years. Speeding, reckless driving, and at-fault accidents also raise rates, staying on your record for 3–5 years, while DUIs/DWIs can impact you longer.

Car Insurance Rates in Elk Point after a DUI

There may have been times when you drank but chose not to drive—a smart and responsible decision, as most states treat DUIs as a serious offense. Your car insurance rates can double after a DUI charge, making it harder to find affordable coverage in Elk Point.

The cheapest car insurance premiums in Elk Point are offered by Western National at $157 for a six-month policy. However, it can be as expensive as $2838 with companies like North Star Mutual.

Elk Point car insurance quotes with a DUI

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Western National	$157	$26
Farmers Mutual of Nebraska	$560	$94
State Farm	$580	$98
Progressive	$596	$100
Farmers	$862	$145
American Family	$941	$158
USAA	$1161	$195
Allstate	$1396	$232
Auto-Owners	$1417	$241
Nationwide	$2164	$364
North Star Mutual	$2838	$482

Cheapest car insurance after a speeding ticket

One of the easiest ways to save money on car insurance is to stay within the speed limit. After a speeding violation, the cheapest car insurance premiums in Elk Point are offered by Farmers Mutual of Nebraska at $94. However, it can be as expensive as $1547 with companies like Farmers for a similar six-month premium.

Cheapest Car Insurance in Elk Point after Speeding ticket

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Farmers Mutual of Nebraska	$94	$16
Kemper	$146	$25
Western National	$157	$26
Auto-Owners Insurance Co	$162	$27
State Farm	$272	$46
USAA	$407	$70
Progressive	$450	$76
North Star Mutual	$496	$84
American Family	$575	$97
Nationwide	$1317	$224
Farmers	$1547	$258

Car Insurance Price Trends in Elk Point, South Dakota

Car insurance rates in Elk Point have fluctuated due to factors such as state regulations, inflation, and changing driving habits.

The average cost of full coverage in the Elk Point remained steady at $145 in both December and November, indicating no change over the two month period.

The average cost of liability insurance in the Elk Point remained steady at $26 in both December and November, indicating no change over the two month period.

Our Insurance Agent Experts

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Principal

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Ezra Peterson

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Frequently Asked Questions

How much is car insurance in Elk Point?

The car insurance in Elk Point is $16 per month, which is lower than the national average.

What is the cheapest car insurance in Elk Point?

The cheapest car insurance in Elk Point is $57 per month for full coverage.

How much is car insurance in Elk Point for teenagers?

Car insurance for teenagers costs $172 per 6 months. The rates for teen drivers are higher due to their lack of experience as drivers.

What's the average cost of car insurance in Elk Point?

The average cost of car insurance is $845 for a six-month policy. It will cost around $125 per month to insure your car in Elk Point.

Is car insurance expensive in Elk Point?

Car insurance can be expensive in Elk Point if your rating factors are not favorable. However, with a clean driving record and good credit score, car insurance rates in Elk Point can be affordable.

What is the best car insurance in Elk Point, SD?

The best car insurance company in Elk Point SD is Kemper, offering $345 for a six-month policy.