Department of Labor and Regulation

Title - Division of Insurance email the Division of Insurance

Reducing Premiums

There are a number of ways to hep reduce your premiums.

  • Raise your deductible. If you can afford it in the event of a claim, a $1,000 deductible should be considered.
  • See if you have other coverage extras that you may not need such as coverage for jewelry or guns.
  • Ensure your credit rating is good, as many insurance companies use credit as a factor in determining premiums. Although insurance companies use a slightly different rating system, ensuring that your credit is in good standing by ordering a credit report may be worthwhile.
  • Discuss with your agent what changes could be made to bring your premium down to a lower level.




Division of Insurance
445 E. Capitol Avenue
Pierre, SD 57501
Tel. 605.773.3563
Fax. 605.773.5369