Consumer Alert
Auto insurance is one of the most important purchases to secure your safety and the safety of your family. Car accidents cause great financial insecurity, and South Dakota car insurance companies provide drivers with money for medical bills, property damage and lawsuits, should that arise.
It is the law to have car insurance in Delaware.
The South Dakota Division of Insurance (http://dlr.sd.gov/) released a consumer alert that will help residents of South Dakota make informed car insurance choices and get the most for their dollar.
Key Points of South Dakota Auto Insurance Consumer Alert
As a consumer, you should know:
- South Dakota requires minimum liability coverage of 25/50/25. This means that $25,000 is given for one injured person in one accident, with a total of $50,000 for injuries in an accident; and $25,000 for property damage in an accident.
- Be aware of the types of car insurance coverage offered in South Dakota and what is required by the state. The more you know about fair rates and quality car insurance policies, the better policy you can create for yourself.
- Review your auto insurance policy frequently. Know exactly what your policy will cover. Call your car insurance agent and ask about any changes that you may not have been aware of.
- Discounts can make a big difference. Ask your car insurance company about safety discounts. All car insurance companies provide discount to good, credible drivers.
- Shop around. Get car insurance quotes online and stay informed on generally how much another car insurance company will charge you for the same services. If you find cheap car insurance quotes, alert your current car insurance company and ask them to match it.
I’ve been In a Car Accident – what do I do?
It is important to stay calm. Take photos of the accident, if you can.
Once you have alerted the proper authorities, you need to address the damages. Collect the other driver’s information, including their car insurance company.
If you have car insurance, call your insurance company to report the incident. Your car insurance company will begin the claims process to begin paying for damages. Once the accident is paid for, you may experience an increase in your premiums.
If you don’t have car insurance, you can hope that the other driver has Uninsured/Underinsured motorist coverage that can pay for your part in the accident. Without insurance, you may be fined and your license suspended, so prepare yourself. Without insurance, you will also have to pay for some or all of the damages out-of-pocket. If you are sued for damages, you will have to pay lawyer fees as well. Your license will not be returned until you provide proof of car insurance coverage to state officials.
You can quickly find car insurance companies in South Dakota that will protect you from the financial burdens of a car accident.
Of course, it is always better to be prepared for a car accident than have to undo the damages after-the-fact. Find car insurance in South Dakota by getting car insurance quotes from various sources.
If you have any problems with a claim, you should contact the South Dakota Division of Insurance at 605-773-3563, or by mail at 445 East Capitol Ave., Pierre, South Dakota 57501.
