Rapid City, the second-largest city in South Dakota, sits at the edge of the Black Hills mountains. Nearby Deadwood (made famous by the HBO show), Mount Rushmore, and a number of nearby national parks, bring a lot of tourists to the area each year. So even though the city’s population is only around 70,000, there are usually a lot more cars on the roads than you would expect. Insurance companies take accident statistics into account when calculating your city’s rates, so keep that in mind if you’re wondering why your rates have gone up. If it’s time to re-shop your policy, take a couple minutes and see all the choices for cheap insurance Rapid City can offer!
The local economy is heavily influenced by government industries, the military, and the healthcare industry. Tourism also plays a large part in helping Rapid City’s revenue stay healthy. There isn’t much in the way of public transportation yet, so you probably rely on your car a lot. And the more miles you drive each year, the more you pay for insurance. Thankfully South Dakota’s insurance costs are significantly lower than the national average.
Where you live in the city can also play a part in the price you pay for certain coverages. The north part of the city, and the neighborhoods closest to I-90 have more population density than the rest of Rapid City. This means more cars on the road and a higher accident risk, so rates will be slightly higher there. Something to keep in mind if you are thinking of moving.