South Dakota Commercial Auto Insurance: Quotes From $30/mo

The South Dakota Department of Revenue calculates over 1.2 million registered vehicles in South Dakota. With so many vehicles on the road, it is no wonder businesses are concerned with vehicle accidents. This article will guide you through the basics of commercial auto insurance in South Dakota. This policy is an excellent way to protect your business from an unexpected lawsuit or repair bill.

What is Commercial Auto Insurance?

Commercial auto insurance is a policy for business-owned vehicles you use for work activities. This policy also protects your business against costs related to lawsuits, damage to vehicles, medical costs, and more that can arise from vehicle operations.


Auto Accident Statistics in South Dakota

Driving on the road in South Dakota can be dangerous, even deadly. Below are some statistics on auto accidents in South Dakota.

Total auto accident injuries per year 4,461
Total auto fatalities per year 141
Alcohol-impaired driving fatalities 49
Speeding-related fatalities 42
Motorcycle fatalities 27
Pedestrian fatalities 14
People wearing seatbelts 68%
Impaired driving citations 488
Speed citations 11,553
Occupant protection citations 3,344


These figures come from the South Dakota 2021 highway annual report from the National Highway Traffic Safety Administration.


Components of South Dakota Commercial Auto Insurance

The components of your South Dakota commercial auto insurance may differ on the policy. However, all policies will share some standard components. Check the following sections for descriptions of these components.


Collision Coverage

Collision insurance will pay for damage to your car when it collides with another vehicle or road object. Examples of collision coverage include:

  • Colliding with another vehicle

  • Hitting a tree

  • Pothole damage

  • Your car flips over from the road conditions.

  • Hitting a telephone pole

Comprehensive Coverage

Comprehensive insurance will pay for other physical damage to your car that doesn’t result from road collisions. Examples include:

  • Hitting an animal

  • Fire

  • Weather

  • Falling objects

  • Theft

  • Vandalism

  • Windshield cracks

Auto Liability Coverage

Insurers split auto liability coverage into bodily injury liability and property damage liability. Bodily injury liability covers injuries that your vehicles cause to someone else. It will pay the person injured for medical costs up to the policy limit.

The other coverage is property damage liability. This coverage will pay an injured party when you damage their property through the fault of a vehicle covered by the policy. The policy can pay for someone’s vehicle damage, but your policy also includes other property. You also get coverage for damage to government property.


Uninsured and Underinsured Motorist

This policy will cover you when another motorist has inadequate insurance to cover the losses they inflict on you. It can protect your vehicle and any drivers are the victim of a hit-and-run attack and walking as a pedestrian. Some policies will separate property damage from bodily injury coverage.


Add-Ons to South Dakota Commercial Auto Insurance

In addition to the standard components of commercial auto insurance, some policies allow add-ons. Add-ons are additional coverage that is optional to your policy. The sections below explain some popular add-ons.


Medical Payments Coverage

Medical payments coverage will pay for treating injuries to drivers and passengers of the vehicle you have covered. Medical payments coverage will kick in regardless of who is at fault and pay. 


Auto Glass Coverage

Auto glass coverage will help you pay the costs to repair a damaged windshield on your vehicle. The coverage will apply to most instances of windshield damage. You can add this coverage to many policies for a slight premium increase.

Comprehensive auto insurance can also help cover your windshield. However, auto glass has the advantage that you can avoid paying a deductible first.


Roadside Assistance

Roadside assistance is a policy that helps you pay for services you need when a vehicle breaks down. This policy can cover the cost of services that include:

  • Vehicle towing

  • Battery Jumps

  • Delivering fuel when you run out of gas

  • Changing a flat tire

  • Helping get into a locked vehicle

  • On-scene labor to get your vehicle running again

Gap Insurance

Gap insurance applies to vehicles that you have financed. In the event of vehicle damage, you may get paid less in value than you owe on your car. Gap coverage will help you pay the difference between your car’s value and your car loan’s value.


Rental Car Coverage

This policy is a form of liability coverage. Rental car coverage protects you from liabilities you may incur while driving a rental vehicle for your business.


No-Fault Insurance

Insurers also call this policy personal injury protection. As its name suggests, it will cover costs no matter who the person found at fault is. Common examples of coverage include:

  • Lost wages

  • Funeral services

  • Cost of replacing services usually done by the injured person

  • Medical tests

  • Medical treatments

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Deductibles in Commerical Auto Insurance

Often your commercial auto insurance policy will contain a deductible. A deductible is an amount you must pay personally before the insurance can start paying benefits on your policy. Insurers will refer to a deductible as an out-of-pocket cost.

Typically you will be able to choose the type of deductible that you want on a policy. A policy with a high deductible will save money on your premium. Conversely, a lower deductible may increase the cost of your policy.

Comprehensive and collision coverage are the most common types of insurance with deductibles. However, other policies, like uninsured motorist coverage, may also have a deductible.




Do I Pay a Deductible For Accidents I Am Liable for?

Typically no. If you cause damage to another vehicle, you will not have to pay a deductible on your liability coverage. This changes for any damage to your vehicle that you want to claim. In that case, you would need to pay your collision deductible.


What If the Other Driver is at Fault?

The other driver’s insurance company will often pay for your repairs if the other driver is at fault. This means you will not have to pay a deductible for the damage you experience. However, this is only sometimes the case. If an uninsured motorist hits you, you might still need to pay a deductible since you are filing with your insurance company.

Exclusions of Commercial Auto Insurance

Your commercial auto insurance will not cover everything. Several events will not typically be covered, which include:

  • Non-owned vehicles: If an accident occurs with an employee driving their personal vehicle, this will not be covered. To get coverage for this, you will need non-owned auto insurance.

  • Personal contents: If you have items inside your business vehicle, these will not typically be covered.

  • Unrelated injuries: If an employee is driving but suffers an injury unrelated to an accident, like hurting their arm on a steering console, that will not be covered. A workers’ compensation policy typically covers employee injuries while working unrelated to vehicles.

South Dakota Commercial Auto Insurance Requirements

Commercial auto insurance South Dakota will have specific required coverage and limits. These guidelines are required by law for you to operate your vehicles. South Dakota law requires that anyone who licenses or operates motor vehicles have proof of financial responsibility.


Auto Liability

It is mandatory to have bodily injury liability and property damage liability. See The limits of the liability coverage you must have below.

Bodily injury coverage per person Bodily injury coverage per accident Property damage coverage per accident
$25,000 $50,000 $25,000


Uninsured and Underinsured Motorist

South Dakota requires uninsured motorist coverage for all auto policies. In South Dakota, there is no requirement to pay out for vehicle damage.  Similarly, underinsured motorist coverage is required for your commercial auto policy and follows the same rules.


Does South Dakota Require Personal Injury Protection Coverage?

No. Commercial auto insurance in South Dakota will not require personal injury protection coverage. South Dakota is considered an at-fault state. This means the driver’s insurance company responsible for an accident must absorb the financial losses.


Does South Dakota Require Medical Payments Coverage?

No. South Dakota does not require medical payment coverage for insurance policyholders. Even though this coverage is not required, picking it up for your policy can still be good. Medical injury claims with other parties can take a while to settle. Medical payments coverage is a way to get treatment payments quicker.

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South Dakota Commercial Auto Insurance Cost

Your South Dakota commercial auto insurance policy could be as low as $30 monthly for $360 yearly. Below is a comparison of some recommended insurers for commercial auto insurance.

Cost per Month Cost per Year Best for
NEXT $30 $360 Best overall; Fastest commercial auto insurance
CoverWallet $32 $384 Comparing commercial auto insurance quotes online
The Hartford $35 $420 Commercial auto insurance add-ons
Tivly $37 $444 Comparing commercial auto insurance quotes over the phone
Thimble $39 $468 Setting the terms of your commercial auto insurance
Hiscox $42 $504 Small business experience

Compare Cheap South Dakota Commercial Auto Insurance Quotes Online

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Best South Dakota Commercial Auto Insurance Companies

See our reviews of the best South Dakota commercial auto insurance companies below. Proceed below to know their pros, cons, and average rate. 


NEXT Insurance

Pros 

  • Great range of commercial auto insurance options

  • Has apps for Android and Apple platforms

  • Save 10% when bundling policies.

  • Can drive out of state for business operations

Cons

  • The current policy does not cover food trucks or mobile businesses.

NEXT started selling insurance in 2016. With NEXT, you get the convenience of online insurance with help over the phone. Their policies are simple to understand and contain no hidden fees. This company has an A- rating with AM Best. With the Better Business Bureau, NEXT has a B+ rating.

Best for: Best overall; Fastest commercial auto insurance

Average cost: $30 per month 

Our rating: 10/10


The Hartford Insurance

Pros

  • 24/7 claims access hotline

  • Offers auto glass insurance

  • A- rating with AM Best

Cons

  • Some customers report customer service can be slow to respond.

The Hartford offers filing online for commercial auto insurance policies. You also have access to a 24/7 claims hotline for your policies. The Hartford offers discounts for save drivers to help those with clean driving records save money.

Best for: Commercial auto insurance add-ons

Average cost: $35 per month

Our rating: 10/10 


CoverWallet Insurance

Pros

  • Insurance experts ready by the phone to assist you

  • Easily track your insurance certificates

  • Quotes are quick to get

Cons

  • CoverWallet does not write the policies it sells

CoverWallet offers commercial auto insurance coverage for liability, medical payments, collision, comprehensive, and uninsured motorists. You can choose your policy from over ten well-established insurance providers with competitive policies. This company has an A+ rating from the Better Business Bureau.

Best for: Comparing commercial auto insurance quotes online 

Average cost: $32 per month 

Our rating: 10/10


Tivly Insurance

Pros

  • Covers a variety of vehicles for commercial auto

  • Has an A rating from the Better Business Bureau

  • Twenty years of insurance experience.

Cons

  • Doesn’t have a mobile app

Tivly focuses on providing a plethora of options for its customers. Their digital insurance platform has over 200 insurers to choose from. Tivly leverages this advantage to help you narrow down your policy choices and simplify commercial auto insurance shopping. Call now to compare quotes over the phone. 

Best for: Comparing commercial auto insurance quotes over the phone

Average cost: $37 per month 

Our rating: 10/10


Thimble Insurance

Pros

  • Lets you set the duration of your policy

  • Get coverage up and running quickly

  • Has online resources to answer questions you may have

Cons

  • Customer service on the phone may take longer.

Thimble is an insurer that offers many coverage options for commercial auto insurance. They help you navigate different policies and insurers while keeping the process simple. Thimble maintains an A+ rating from the Better Business Bureau.

Best for: Setting the terms of your commercial auto insurance

Average cost: $39 per month 

Our rating: 10/10

 

Hiscox Insurance

Pros

  • 5% discounts when bundling other policies besides commercial auto insurance

  • Customers report excellent claim responsiveness

  • A passionate team of insurance experts

Cons

  • Caters toward small businesses

Hiscox offers customizable commercial auto insurance for small business customers. They are an insurer with a 100-year history of helping businesses find the right insurance coverage. The company operates in 14 countries and has over 500,000 small business customers.

Best for: Small business experience

Average cost: $42 per month 

Our rating: 10/10 

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