Homeowners Insurance in South Dakota

The average South Dakota homeowners premium is $1,614 a year (NAIC) — ▼ −7% versus the U.S. average of $1,737, ranking 23rd of 51.

These are estimates, not quotes. Home figures are modeled from NAIC state averages, Census home values and FEMA hazard ratings for comparison only. Real premiums depend on the insurer, the home, its roof and claims history. We are not an insurance company or agency. How we estimate

Average homeowners and renters insurance in South Dakota

Homeowners (HO-3)

$1,614

NAIC average / year

Renters (HO-4)

$125

U.S. $173

Median home value

$257,400

Census ACS

FEMA expected loss rating

Relatively Low

all natural hazards

NAIC averages cover standard owner-occupied (HO-3) policies. Premiums scale with the cost to rebuild, so South Dakota's median home value of $257,400 and its exposure to wind, hail and wildfire explain much of the difference from other states.

Natural hazard risk in South Dakota

FEMA National Risk Index — expected annual loss by hazard (state level)
Hazard	Expected loss rating	Score	Expected annual loss
Hail	Relatively Low	66.0	$36,009,613
Tornado	Relatively Moderate	52.8	$122,052,368
Hurricane	Not rated	—	—
Inland (river) flooding	Relatively Low	23.2	$274,040,175
Coastal flooding	Not rated	—	—
Wildfire	Relatively Moderate	70.6	$41,860,115
Earthquake	Very Low	5.4	$2,370,695
Winter weather	Relatively High	73.2	$14,958,067
Strong wind	Relatively Moderate	45.3	$26,421,899
Lightning	Very Low	13.5	$6,009,001

Standard homeowners policies exclude flood and earthquake; both need separate coverage. Wind and hurricane damage is covered but often with a separate percentage deductible in coastal states.

Home Insurance Estimator

Estimated annual premium

—

Per month

—

Estimated homeowners insurance by city

For a home at each city's median value, standard frame construction and a $1,000 deductible. The lowest estimate is in Huron ($975) and the highest in Rapid City ($1,855).

City	Median home value	Median year built	Hail / wind	Est. premium
Sioux Falls	$292,400	1993	Relatively Moderate / Relatively High	$1,850
Rapid City	$299,400	1979	Relatively High / Relatively Low	$1,855
Aberdeen	$217,300	1972	Relatively Moderate / Relatively Moderate	$1,340
Brookings	$265,500	1986	Relatively Moderate / Relatively Moderate	$1,500
Watertown	$229,400	1979	Relatively Low / Relatively Moderate	$1,350
Yankton	$222,700	1976	Relatively Moderate / Relatively Moderate	$1,420
Mitchell	$192,200	1972	Relatively Low / Relatively Moderate	$1,160
Huron	$159,000	1960	Relatively Moderate / Relatively Low	$975

Car insurance in South Dakota →

Frequently asked questions

How much is homeowners insurance in South Dakota?

NAIC data puts the average South Dakota homeowners (HO-3) premium at $1,614 a year, ranking 23rd of 51 (1 = most expensive). The national average is $1,737.

How much is renters insurance in South Dakota?

The NAIC average renters (HO-4) premium in South Dakota is $125 a year.

What natural hazards affect home insurance in South Dakota?

FEMA's National Risk Index rates South Dakota relatively high or very high for expected annual losses from winter weather. Standard homeowners policies exclude flood and earthquake, which need separate coverage.

Does homeowners insurance cover floods in South Dakota?

No. Standard homeowners policies exclude flood damage. Flood coverage is sold separately through the National Flood Insurance Program (NFIP) or private insurers.

How we estimate this

We start from the NAIC average homeowners (HO-3) premium for the state, scale it by the ratio of the home value to the state median home value (Census ACS), adjust for construction type and deductible, and apply a hazard factor from FEMA National Risk Index scores for the county relative to the state. Results are rounded estimates, not quotes. Read the full methodology.

Sources used on this page