South Dakota Commercial Auto Insurance Profitability (2023)
In 2023, Commercial Auto insurers earned $109.0M in premiums in South Dakota and ran a 58.8% loss ratio — the 40th-highest of 51 states (one of the lowest loss ratio for the line).
Source: NAIC 2023 Report on Profitability by Line by State. Loss ratio = incurred losses ÷ premiums earned.
Nationally, Commercial Auto ran a 74.4% loss ratio in 2023, so South Dakota is below the national average. See how every state compares on the Commercial Auto market page.
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A higher loss ratio means carriers paid out more of each premium dollar in claims, which tends to push South Dakota commercial auto rates up and thin the field of carriers competing for the business; a lower one signals a more profitable, more competitive market. A 7.0% underwriting profit means the line stood on its own in South Dakota without leaning on investment income. Counting investment income, carriers earned a 11.7% profit on commercial auto insurance transactions in South Dakota in 2023 — NAIC's broadest profitability measure for the line. Either way, these are industry aggregates — your own commercial auto rate depends on your business, and the only way to see it is to compare filed rates and real quotes.
South Dakota's $109M in commercial auto premiums is the 46th-largest of the 51 states NAIC reports for the line. Across those states, loss ratios span from 99.1% in California — the toughest market for carriers — down to 40.1% in Hawaii, the most profitable; South Dakota's 58.8% places it 40th of 51. For buyers, a state near the top of that spread usually means firmer commercial auto pricing and fewer competing carriers, while a state near the bottom tends to run softer and more competitive. By premium, South Dakota is about 0.3% of the $40.9B national commercial auto market, and its loss-ratio rank places it in the most profitable quartile of states for carrier profitability — context that shapes how aggressively carriers compete for South Dakota commercial auto business.
Key takeaways
- South Dakota commercial auto: $109M in 2023 premiums at a 58.8% loss ratio (NAIC).
- That ranks South Dakota 40th of 51 states by loss ratio for the line — a profitable market for carriers.
- These are industry aggregates, not a quote — your commercial auto rate depends on your business; compare filed rates and real quotes.
Getting Commercial Auto coverage in South Dakota
See recent South Dakota rate filings on the South Dakota rate page, learn how Commercial Auto works in our Commercial Auto guide, see typical commercial auto costs, then compare real quotes for your business.
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