Find the Best Homeowners Insurance Rates & Companies in South Dakota
The average rate you can expect to pay for homeowners insurance in South Dakota is about $1,202 per year. Considering that the overall US average for home insurance is $1,211 per year, South Dakota's rates are about on par with the national average. Countrywide, South Dakota ranks 21st overall for the most expensive home insurance rates.
The average cost of buying a new home in South Dakota is currently about $275,877. Since you pay much for your home, investing in the proper coverage is worth it. You'll want a strong homeowners insurance policy that considers all aspects of your property to fully protect that investment.
An independent insurance agent can help you find the home insurance policy that does exactly what you need it to do. First, though, here's a closer look at home insurance in South Dakota.
Best Homeowners Insurance Companies in South Dakota
Home insurance can be purchased from many different carriers, no matter where you live. But you want to skip the hassle of browsing endless companies that won't deliver what you want. That's why we've gone ahead and compiled a list of our top choices for the best home insurance companies in South Dakota. Start with these gems:
- Progressive: Progressive's home insurance is just one of the company's many products. With a high financial strength rating, 24/7/365 customer service, and tons of discount options, you can't go wrong with Progressive.
- Nationwide: Nationwide offers home insurance along with tons of other products for individuals. With excellent ratings by both AM Best and the Better Business Bureau (BBB) and 24/7 claims reporting, Nationwide can hardly be beat.
- Stillwater: Stillwater offers many types of personal property coverages, including home insurance. With excellent ratings for financial strength and overall by the BBB, as well as its 24/7 claims reporting, Stillwater is a fantastic choice.
- Travelers: Travelers also offers a ton of coverage options for individuals, including home insurance. With its long history of excellent financial strength and customer feedback, several discount options, and 24/7 claims reporting, Travelers is certainly a winning contender.
A South Dakota independent insurance agent can help you determine if any of these carriers offer the home insurance policy you need most for your home.
What Homeowners Insurance in South Dakota Can Cover
You'll find the same basic coverages offered in a home insurance policy no matter where you live. South Dakota is no exception. Expect your homeowners insurance policy to have at least the following:
- Dwelling coverage: Protects the home's structure from damage caused by many perils like lightning strikes, fire damage, vandalism, etc.
- Loss of use coverage: Pays unexpected costs after a huge disaster like a fire displaces you from your home temporarily, leaving you having to stay somewhere like a hotel.
- Liability coverage: If you get sued by a third party for claims of personal property damage or bodily injury, this coverage can pay for your legal fees.
- Contents coverage: Protects your personal belongings like furniture and clothing against theft, fire damage, and more.
You also need to be aware of common natural disasters in your area, and which ones will or won't be covered by your home insurance. In South Dakota, the most common natural disasters are:
- Severe storms
- Floods
- Winter storms
- Tornadoes
- Wildfires
- Earthquakes
While a home insurance policy can protect against wind damage caused by severe storms and tornadoes, as well as snow and ice damage caused by winter storms and even fire damage caused by wildfires, it can't protect against natural flood damage. To get reimbursed for water damage to your home that stems from natural flooding events such as severe storms or melted snow, you'll need a flood insurance policy.
What Homeowners Insurance in South Dakota Will Not Cover
Don't expect your home insurance to cover just any disaster. Though it provides a lot of valuable coverage, home insurance also excludes these costs and perils:
- Business-related losses
- Maintenance-related losses
- Wear and tear of your property
- Malicious or intentional acts against others
- Sewer backup damage
Flood damage in South Dakota
Since flooding and severe storms in South Dakota are so common, it's a good idea to talk to your independent insurance agent about adding flood coverage to your home. But you might also want to look into a sewer backup endorsement. If a sewer line or sump pump fails, backs up, or breaks, this endorsement can help pay for cleanup and damage costs that would otherwise be excluded from your coverage.
Average Cost of Homeowners Insurance in South Dakota
Average costs of homeowners insurance in South Dakota are pretty even with the current national average of $1,211 per year. Residents in South Dakota pay about $1,202 annually, on average, for home insurance. Ranking 21st overall for home insurance rates in the nation, South Dakota falls in just about the middle of the pack. Affordable home insurance rates in South Dakota can be due to the state's property values, low crime rates, lower risk of natural disasters than in other areas, and more.
Average South Dakota Home Insurance Costs by City
Expect home insurance rates to vary by state, and also by specific city. Some factors that can lead to high insurance rates are higher property values, crime rates, and frequency of natural disasters. In South Dakota, residents in the city of Spearfish pay the highest average home insurance rates for the state, of $1,323 per year. On the other hand, the city with the best and cheapest homeowners insurance rates in South Dakota is Mobridge, where residents pay an average of just $639 per year for coverage.
Average South Dakota Home Insurance Costs by City
National average burglary rate 3.76 per 1,000 people
National average home value $269,000
National average home insurance cost $1,428 year
| City | Annual insurance cost | Avg. home value | Burglaries / 1,000 homes |
| Aberdeen | $1,062 | $153,689 | 4.11 |
| Belle Fourche | $865 | $127,289 | 3.33 |
| Box Elder | $1,019 | $152,580 | 2.5 |
| Brandon | $1,205 | $198,317 | 0.4 |
| Brookings | $1,193 | $180,199 | 1.84 |
| Canton | $889 | $131,014 | 3.25 |
| Dell Rapids | $1,034 | $161,904 | 0.3 |
| Harrisburg | $1,154 | $188,743 | 1.98 |
| Hot Springs | $761 | $112,610 | 3.14 |
| Huron | $729 | $108,776 | 2.9 |
| Lead | $737 | $116,006 | 0.02 |
| Madison | $791 | $120,607 | 2.02 |
| Milbank | $767 | $117,321 | 1.57 |
| Mitchell | $1,022 | $143,064 | 5.59 |
| Mobridge | $639 | $88,401 | 0.58 |
| Pierre | $1,189 | $180,637 | 6.04 |
| Rapid City | $1,277 | $177,700 | 6.44 |
| Sioux Falls | $1,215 | $173,400 | 4.96 |
| Spearfish | $1,323 | $222,373 | 3.76 |
| Sturgis | $1,107 | $167,711 | 1.79 |
| Tea | $1,202 | $191,920 | 3.16 |
| Vermillion | $968 | $145,693 | 2.32 |
| Watertown | $1,165 | $171,435 | 3.29 |
| Yankton | $963 | $139,777 | 3.91 |
Popular Questions about South Dakota Home Insurance
Residents of South Dakota pay $1,202 per year, on average, or $100.17 monthly for homeowners insurance. The national average cost of home insurance is $1,211 annually or $100.96 monthly, so South Dakota's rates are just about even with the rest of the country.
Homeowners insurance in South Dakota covers your personal property and your home's structure against many threats like vandalism, fire, explosions, lightning strikes, and more. It also covers your personal liability in case a third party, like a guest, sues you for bodily injury or personal property damage. Finally, standard home insurance policies in South Dakota cover additional living expenses if you can't stay at your home while it's undergoing repairs due to a huge covered disaster like a fire.
The state of South Dakota does not require you to have home insurance by law. However, your home's mortgage lender will most likely require you to provide proof of insurance before you're allowed to officially purchase your home.
Several factors go into calculating your home insurance rates in South Dakota, including how much coverage you need and the value of your property. But other factors can impact your home insurance rate calculations, including the exact location you live in, your personal claims history, and local crime rates.
Yes, you can find many independent insurance agents in South Dakota who are ready to help you find the right coverage for your home and your family. These agents can help compare policies from many different home insurance carriers for you, simplifying your job to a huge degree.
Though there are tons of options to buy home insurance from in South Dakota, our research found that the best home insurance companies in the state are Progressive, Nationwide, Travelers, and Stillwater. These insurance companies earned our top spots thanks to high financial stability ratings, high overall business ratings, excellent customer service reviews, policy options, discounts, claims reporting availability, and more.
Since there's no one-size-fits-all home insurance policy, it's best to work with a trusted expert along your coverage journey. Independent insurance agents are not only familiar with the area, but also with the best options for home insurance. Together, they'll help you find the right policy for you at the best possible rate, by comparing quotes from several different carriers together in one place. Now that's convenient.
Do You Know What Your South Dakota Home Insurance Covers?
Average Cost of Home Insurance Near You
The average monthly cost of homeowners insurance in Aberdeen, SD is $89. Your actual quoted rates could be significantly less or more than this amount. That is because your costs are calculated by insurers according to many factors, such as the size and age of your house, your credit score, and the amount of coverage you are purchasing. When you take the time to compare rates, you can find the policy that offers the coverage you need at the best price.
Your Aberdeen homeowners insurance policy is designed to cover you against financial losses related to many of the risks you face as a homeowner. These include liability lawsuits, severe weather, fires, and property crimes. If a severe storm, or even a tornado, rolls in and high winds damage your home, it can be very expensive. Fortunately, your home insurance can provide you with the funds needed to repair your home and replace lost or damaged items.
The average monthly cost of homeowners insurance in Brookings, SD is $99. Keep in mind, however, that premiums can vary significantly from one homeowner to the next, so your actual cost could be higher or lower. It all depends on a variety of factors like your home's age and value, the crime rate in your ZIP Code, and sometimes, even your credit score.
Brookings homeowners insurance offers protection against a number of hazards homeowners face in this city. These include severe weather events, liability lawsuits, burglaries, and unexpected accidents in your home. If the water hose on your dishwasher breaks while you are away from your home, your house can quickly be inundated with water, which can cause serious and expensive damage to your walls, floors, and personal property. Water damage is definitely frustrating, but as long as it is not related to a flood, your homeowners insurance policy can cover the cost to make repairs.
The average monthly cost of homeowners insurance in Huron, SD is $61. Of course, every homeowner will pay a customized premium that is based on their home's unique factors like its age and value, the materials used in its construction, and the crime rate in the ZIP Code in which it is located. You can therefore expect your quoted rates to be considerably higher or lower than this average. When you compare rates from multiple insurance companies, you can be sure that the policy you choose comes at the right price.
Huron home insurance can help you protect your investment in your home by covering many of South Dakota’s risks that can lead to expensive losses. It can cover againt property crimes, liability problems, and severe weather events. Storms that bring strong winds, or even tornadoes, can cause serious damage to local homes. If the wind has resulted in missing shingles on your roof or in fallen trees, you can rely on your homeowners insurance policy to cover the cost of repairs to your home and the replacement of lost or damaged property.
The average monthly cost of homeowners insurance in Mitchell, SD is $85. Your rate could be more or less, depending on several factors that are used by insurance companies to assess risk and assign rates. These include your house's size and building materials, the local crime rate, your credit score, and the amount of coverage you are purchasing.
Your Mitchell homeowners insurance covers against many risks that can otherwise lead to excessive financial losses. These include property crimes, accidental fires, liability lawsuits, and severe weather events. If a hailstorm sweeps through the area, dumping large hailstones onto your home, your roof may be severely damaged. Fortunately, homeowners insurance covers hail damage so you can file a claim and get the money you need to repair or replace your roof.
The average monthly cost of homeowners insurance in Pierre, SD is $99. Keep in mind, however, that your actual premium could be significantly higher or lower than this average. That is because insurance companies use a number of variables to assess risk and assign rates. Your rates may depend on several factors such as the size and age of your home, your credit score, your previous home insurance claims, and the amount of coverage you are purchasing.
Your Pierre homeowners insurance policy can cover the costs associated with a number of risks you may face as a resident of this city. It can cover against liability lawsuits, natural as well as accidental fires, and severe weather events. It can also cover against property crimes, which is a real concern in Pierre, where the burglary rate exceeds the state average. If your house has been burglarized, be sure to get a police report, as this will be necessary when you file a claim with your homeowners insurance.
The average monthly rate of homeowners insurance in Rapid City, SD is $106. Your specific home insurance premiums could be higher or lower than this average, depending on many factors, including the crime rate in your home's ZIP Code, your credit score, and your house’s age, size, and value. Comparing rates from multiple carriers helps you be sure that you are not overpaying for your coverage.
Your Rapid City home insurance is designed to cover a variety of risks you may face as a homeowner in this city. It can cover against property crimes, accidental fires, and liability lawsuits. It also covers against severe weather events. If a severe storm rolls into town and the wind blows a tree over and it smashes your roof, you can file a claim with your home insurance provider and receive money to make repairs. If you have belongings that were destroyed during the event, your insurance can pay to replace those items, too.
The average monthly cost of homeowners insurance in Sioux Falls, SD is $101. There are several variables that impact home insurance rates in Sioux Falls. Details like your home's size, age, and value, along with the local crime rate and even your credit score, can all be used by insurance companies to determine your premium. You therefore should not be surprised if your quoted rate is considerably higher or lower than this average.
Sioux Falls home insurance covers you against many of the risks you face as a homeowner in this city. These include weather-related damage, accidental fires, and liability lawsuits. It also covers against property crimes, which is important in this city, where the burglary rate is almost double the state average. If someone breaks into your house while you're out of town and steals your computer, jewelry, and other valuables, you can file a claim with your homeowners insurance to get the money you need to replace the stolen items.
The average monthly cost of homeowners insurance in Vermillion, SD is $81. Bear in mind, however, that your actual costs may be significantly less or more than this average. Rates are calculated individually according to several factors such as your home’s age, value, and construction, and your claims and credit history. Each insurer has a different way of determining rates, so it pays to compare a variety of quotes.
Your Vermillion home insurance can cover damage caused by most major weather events as well as liability lawsuits and property crimes. It can also cover residential fires. A fire in your home can be particularly devastating, since if it is not contained quickly, it can potentially lead to the complete loss of your home and all the belongings inside it. Because of this, it is very important for the coverage limits on your home policy to be high enough to handle a total loss. In some cases, particularly valuable items and collections will need a special endorsement, or rider, in order to be fully covered.
The average monthly cost of homeowners insurance in Watertown, SD is $97. Rates vary from one homeowner to the next, so you could end up paying more or less than this average. Your premium will be based on several factors such as the size and age of your home, the crime rate in your ZIP Code, your credit score, and the amount of coverage you are purchasing. When you compare rates, you can be sure you are getting your coverage at a competitive price.
Watertown homeowners insurance provides coverage against a number of hazards, including accidental damage. You may forget to turn off the burner on your stove before you leave for work. This could potentially lead to a massive fire in your home. A residential fire can be devastating because it can lead to a total loss of your personal property. Fortunately, homeowners insurance gives you a backup plan. It can cover the costs to rebuild your home, replace your damaged property, and even compensate you for the cost of accommodations for you and your family while your home is uninhabitable.
The average monthly cost of homeowners insurance in Yankton, SD is $80. Your actual cost could be considerably higher or lower, depending on factors like your credit score, your previous home insurance claims, and the age, value, and structure of your home. Each insurance company has a proprietary method for calculating rates, so it is worthwhile to compare rates from a few insurers before making a purchase.
While your Yankton home insurance can cover you against things like property crimes, accidental fires, and liability lawsuits, for residents of this city, the biggest risk comes from severe weather events. Imagine this: One of South Dakota’s tornadoes passes through your area, tearing the roof off your home and causing a tree to fall into your kitchen. When the storm passes, the resultant devastation is a nightmare. Such a scenario can be stressful, but you can at least find some comfort in knowing that your home insurance can pay to rebuild and repair your home and replace your ruined belongings.