Like many states, the state of South Dakota has made auto insurance mandatory. This state follows the Tort system of rules. According to the tort system of rules, a driver in the state of South Dakota must be found responsible in the case of an accident. Then, this driver and his insurance company have to pay for all the damages caused due to the accident. Thus, to ensure responsibility of the accident financially, the state has imposed strict mandatory auto insurance. These rules have to be followed and any person found in violation will be penalised.
Thus, one has to get auto insurance. The minimum liability fixed for the state of South Dakota is twenty five thousand dollars for bodily injury per person and a total of fifty thousand dollars for two persons. Property damage coverage must be around twenty five thousand dollars. This is the mandatory fixed amounts. However, most accidents cost a lot more. This is the minimum sum. Industry experts say that the ideal amounts for insurance would be a hundred thousand dollars per person for bodily injury and a total of three hundred thousand dollars. These might seem to be very large sums of money. However, insurance is mandatory and you will have to get it. However, you can save quite a lot of money on insurance. This article tries to show you some of these methods.
One method might be to get your insurance from the company that has given you your other insurance policies. You are bound to get a discount from them. You can also plan accordingly. If you have a great health insurance policy, you can spend lesson auto insurance which covers your medical charges. Managing your finances will help you save a lot of money. Another method would be to couple your insurances. Get insurances for all your motor vehicles together. The company will definitely offer you a discount.
IF you have a student in your house, encourage him to get his grades up. Many companies offer a good student discount. You can also attend the classes on driver awareness that the DMV arranges. This will help you save a lot of money on insurance premiums. You can also ensure you drive very safely and abide by the law. A clean driving record for the past few years will ensure that you get a discount. Another method would be to reduce the deductibles on the physical damage policies. This will really help you save some money. You can save up and help pay for the deductibles at the time of an accident.
If you plan right, you can save a lot of money. Another method would be to make sure you do not claim for any scratch or dent in the fender. Any small damage is best paid out of your pocket. The number of claims increases with the insurance rates. Keep in touch with your insurance policy. If you are planning a move of your house, remember your move will also affect your insurance policy. Move into a non crowded area and you can save a lot.