Homeowners Insurance in South Dakota

Finding homeowners insurance shouldn't be complicated. Compare rates from South Dakota by city and carrier below.

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How to find cheap homeowners insurance in South Dakota


Homeowners insurance isn't required, but it is important. A home insurance policy keeps your personal items protected. A home insurance policy protects your house and property in the event of a variety of circumstances, including theft, fire, vandalism, or wind damage.

Unlike auto insurance, home insurance is not governed by state legislation. Even so, serious differences emerge in home insurance rates from state to state. Homeowners costs by state vary based on the value of — and total number of — home policy claims filed statewide, and depend on the value of the belongings and home insured on the policy.

The easiest way to find cheap homeowners insurance in South Dakota is to view prices from a variety of insurance companies. Find out home insurance rates in South Dakota by referencing the below data. Your rates may vary, depending on your coverage details.


Home insurance in South Dakota:
  1. Rates by company
  2. Costs by city
  3. Rates by coverage amount
  4. Rates by deductible amount
  5. Home-and-auto bundling discounts
  6. FAQs

Homeowners insurance rates in South Dakota by insurer

Rates for homeowners insurance in South Dakota differ depending on which insurer you choose. AAA offers the most affordable home insurance in South Dakota, at just $1,005 per year. This beats the state's mean cost of $2,288, providing a $1,283 price break on average policy costs statewide.

Start shopping for affordable coverage by reviewing the most affordable South Dakota insurance companies, listed below.


HOME INSURANCE RATES IN SOUTH DAKOTA: BY COMPANY
InsurerAverage Yearly Rate in South Dakota
AAA$1,005
North Star$1,701
Farmers$1,856
Milbank$1,886
State Farm$2,104

South Dakota homeowners insurance by city

Not every city in South Dakota has equal home insurance costs. Pricing depends on city-specific variables, including the number of local claims filed, meaning your specific ZIP code impact how much you pay.

The cheapest home insurance rates in South Dakota are available in Brandon. In Brandon, the typical home insurance policy costs $1,978 annually — $310 less than the average policy in other South Dakota cities. The below table shows the best places to live in South Dakota if you’re looking for cheap homeowners insurance.


CHEAPEST HOME INSURANCE CITIES IN SOUTH DAKOTA
CityAverage 12-Month Home Insurance Rate
Brandon$1,978
Huron$2,020
Mobridge$2,027
Milbank$2,034
Aberdeen$2,035

Average homeowners insurance costs in South Dakota by coverage levels

How much you pay for home insurance coverage is greatly impacted by the level of coverage you choose. In South Dakota, carrying $100K dwelling coverage costs an average of $1,097 per year, while carrying additional coverage up to $400K costs $2,822/year.


HOMEOWNERS INSURANCE RATES IN SOUTH DAKOTA — COMMON COVERAGE LIMITS
Coverage LevelAverage Annual Cost
$100,000 Dwelling$1,097
$200,000 Dwelling$1,681
$250,000 Dwelling$1,965
$400,000 Dwelling$2,822

Compare Homeowners Insurance Rates

Home insurance deductibles in South Dakota

One of the decisions to be made when shopping for homeowners policies is the amount of your deductible. A homeowners deductible is the amount you must pay out of pocket toward a covered loss. Choosing where to set your deductible is a major determiner of how much you pay for your home policy.

When thinking about your deductible, a good rule of thumb is that the lower your deductible, the higher your premiums. As such, if you want to keep your insurance rates low, aim for a higher deductible. It's worth remembering that your deductible should only be as high as you can reasonably pay if you actually suffer a loss.

The following table outlines the average rates affiliated with deductibles offered by most home insurers.


HOMEOWNERS INSURANCE PREMIUMS BY DEDUCTIBLE LEVEL IN SOUTH DAKOTA
Deductible LevelAverage Annual Homeowners Insurance Rate
$500$2,115
$1,000$1,965
$1,500$1,886
$2,000$1,823
$5,000$1,608

How to save: bundle home and auto insurance in South Dakota

If you're looking for savings, consider purchasing your home and auto policies from the same insurance company. A home and auto insurance bundle in South Dakota can lead to substantial savings on your auto insurance bill. Bundling home and auto policies in South Dakota leads to yearly savings of $199.


HOME AND AUTO INSURANCE BUNDLING DISCOUNTS IN SOUTH DAKOTA
Avg. Yearly Auto Insurance Rate (No Bundle)Avg. Yearly Auto Insurance Rate (Bundle)Annual Bundle SavingsBundle Savings %
$1,329$1,130$19918%

A great way to save is to bundle your home and auto insurance policies. Get started today!



South Dakota homeowners insurance FAQs


Is homeowners insurance required in South Dakota?

The state of South Dakota does not require that you buy homeowners insurance, though many mortgage lenders are likely to require that you carry it as a part of your lending agreement.

Does GEICO offer home insurance in South Dakota?

Yes - GEICO provides homeowners insurance in the state of South Dakota.


Homeowners insurance and hail in South Dakota

Depending on where you live, hail could be a common complement to stormy weather conditions and can cause varying levels of damage to your property. In South Dakota, home insurance policies typically come with hail coverage that covers the structure of your home if it is damaged by hail.

However, if you reside in a place that is very susceptible to hail forecasts — such as South Dakota, which suffered 309 incidents of hail in 2018* — it’s crucial to verify the details of your homeowners policy to see what's covered and what's not — some insurance companies charge more expensive deductibles for hail-prone regions and make exclusions for cosmetic damage, so if your home is damaged but still functionally sound even if it has aesthetic impairments after a hailstorm, your insurance provider will probably refuse to cover the expenses to repair it.

*Source: Insurance Information Institute (https://www.iii.org/fact-statistic/facts-statistics-hail)


Kristine Lee LinkedIn

Kristine is a licensed insurance agent and one of The Zebra’s in-house content strategists. With a background in copywriting, she covers the ins and outs of the home and car insurance industries. She has been a contributor to numerous publications focused on the nuances of insurance, including BestCompany.com.