Best Home Insurance in South Dakota (2023)

Compare personalized Home insurance rates in South Dakota

Home Insurance in South Dakota

Finding the most competitive policy for homeowners insurance in South Dakota can seem like a challenge with so many options available and various product choices out there. Yet, with some key information on South Dakota homeowners requirements, and tips on how to find cheap homeowners insurance in the state, it may be easier than you think to get quality coverage. Here’s everything you need to know to get started.

Home Insurance Companies in South Dakota

It’s true there are numerous homeowners insurance agencies in South Dakota, each offering a different type of policy for your needs. To compare them to find the best home insurance companies in South Dakota, it becomes essential to consider the coverage options, deductibles, and limitations of each company. When you work with independent home insurance agents in South Dakota, they are able to help you compare policies across numerous insurers. You can also do this yourself to find top rated homeowners insurance companies in South Dakota.


How to Get the Best Rates for Home Insurance in South Dakota

To get home insurance in South Dakota, start with a list of available insurers. To do that, just enter your zip code on this page.


<zipcode>Find The Cheapest Home Insurance In Your Area:</zipcode>


How Much Does Homeowners Insurance Cost in South Dakota?

The average annual premium in South Dakota is $1,096. Nationally, the average cost is $1,173. Keep in mind that home insurance quotes in South Dakota are the only real way to know what you can expect to pay for your property. Still, it doesn’t have to be hard to find the cheapest home insurance in South Dakota.


<twitter>The average annual premium in South Dakota is $1,096. Nationally, the average cost is $1,173. </twitter>


List of Homeowners Insurance Companies in South Dakota

To do so, get a list of the available insurance companies right now. Add your zip code to the box on this page to see results.

How Homeowners Insurance Is Calculated in South Dakota

Home insurance costs depend on many factors. Insurers want to determine how much risk or likelihood there is for you to file an insurance claim. And, if there is a likelihood that you will find a claim, they want to know how expensive it could be. To get this information, the gather data on areas such as the following.


<qa>1;Crime;In South Dakota, crime is relevantly low from the standpoint of property risks. The national average is 24 incidents per 1,000 residents. However, in South Dakota, this is lower at just 18.76 incidents per 1,000 residents. That helps to bring insurance costs down a bit.</qa>

<qa>2;Weather/Climate;Weather events exist throughout the United States. It’s essential to consider those in your area. Flooding, extreme heat, and drought are common here. Storms and wind damage can also play a role. This can elevate costs in some cases.</qa>

<qa>3;Home Values;Home values are a big part of the premium you will pay on your policy. The more valuable the property is, the more expensive it can be to repair in the case of a significant fire or storm, for example. As of March of 2019, the median home value here is $188,600, which is slightly above the national average.</qa>

Home Insurance Requirements in South Dakota

In South Dakota, a number of factors play a role in the cost of home insurance. Insurance policies and requirements can range widely as well. Take a look at a few key questions many people have.

Is Homeowners Insurance Required in South Dakota?

Home insurance is not a requirement under state law. However, most people who have a loan on their home will be required to maintain a policy. It helps protect the lender in the case of an incident that leaves the property at risk.

What Does Home Insurance Cover?

Home insurance in South Dakota can be comprehensive, covering many of the risks you can expect to occur. This includes both property and liability insurance. It protects you up to a listed dollar amount for accidental and unavoidable damage to your car, such as fires, storms, and theft. It also can provide protection for lawsuits if someone claims you are responsible for their losses.

Homeowners Insurance for New Properties in South Dakota

When building a new home or buying new construction, it’s important to consider the value of your home for insurance purposes. Consider purchasing enough coverage to cover not just the structure itself, but the cost to rebuild it should something drastic occurs.

Homeowners Insurance for Old Properties in South Dakota

When you pay off your home loan, you may be tempted to drop your home insurance. Yet, doing so can be a costly mistake. This is still a big and valuable investment, and it is one that needs to be monitored properly.

Renters Insurance in South Dakota

The state and city does not require renter’s insurance for those renting another party’s real estate. However, nearly all property management companies and landlords do have this requirement. It’s worth it, too.


In South Dakota, renter’s insurance policies may be very affordable, costing under $20 a month in some cases. It provides property coverage and liability risk protection to you, both of which are not covered by your property owner’s policy.


<zipcode>Compare Renters Insurance in South Dakota</zipcode>


Compare Home Insurance in South Dakota by City

The cheapest home insurance in South Dakota is out there for just about any property owner if you take the time to locate it. The best way to do this is to compare home insurance quotes. Here are some starting points and figures to help you estimate your costs.


<qa>1;Home Insurance Quotes in Sioux Falls, South Dakota;Sioux Falls is one of the most modern and upscale communities in the state. It’s home to 176,888 people. The median home value here is $191,100.</qa>

<qa>2;Home Insurance Quotes in Rapid City, South Dakota;With a strong history and ample amenities, Rapid City is the second largest with 74,421 residents. The area is a bit more desirable, making the median home value higher at $202,200.</qa>

<qa>3;Home Insurance Quotes in Aberdeen, South Dakota;The community of Aberdeen is the third largest city, and as you can see, it’s much like other communities with just 28,388 people calling it home. The median home price here is $184,900 about average for the state.</qa>

<qa>4;Home Insurance Quotes in Brookings, South Dakota;Brookings is a growing community but is still home to only 23,938 people. The median home value in Brookings $172,000.</qa>

<qa>5;Home Insurance Quotes in Watertown, South Dakota;A bit more remote, Watertown is smaller but packed with opportunity. It’s home to 22,222 people. The median value of a home here is $207,900.</qa>


Bonus: Most Expensive Homes in South Dakota

Most people want cheap insurance. But, think about just how expensive insurance is on the most expensive homes in the state.


  1. The home at 265th Street in Sioux Falls is valued at $2.6 million.
  2. The estate on South Saint Francis Lane in Sioux Falls is valued at $1.5 million.
  3. Another home, this time on Lazy Oaks Circle, also in Sioux Falls is valued at $1 million.