Homeowners Insurance in Sioux Falls, SD

For a home at Sioux Falls's median value of $292,400, we estimate about $1,850 a year — +15% versus the South Dakota NAIC average of $1,614.

These are estimates, not quotes. Home figures are modeled from NAIC state averages, Census home values and FEMA hazard ratings for comparison only. We are not an insurance company or agency. How we estimate

Estimated homeowners insurance cost in Sioux Falls

Est. premium

$1,850

$154/mo · median home

Median home value

$292,400

South Dakota: $257,400

Median year built

1993

Census ACS

Owner-occupied

59.5%

of households

Hazard score

78.4

state ref. 72.5

Sioux Falls's estimate reflects its home values (14% higher than the state median) and FEMA's hazard profile for Minnehaha County.

Natural hazard risk in Sioux Falls

FEMA National Risk Index — Minnehaha County
Hazard	Risk rating	Score (0–100)	Insurance impact
Hail	Relatively Moderate	92.5	Comprehensive (car); roof claims (home)
Tornado	Relatively High	98.4	Comprehensive; dwelling
Hurricane	Not rated	—	Comprehensive; wind/hurricane deductibles (home)
Inland (river) flooding	Relatively Moderate	85.5	Comprehensive; home needs a separate flood policy
Coastal flooding	Not rated	—	Comprehensive; home needs a separate flood policy
Strong wind	Relatively High	91.1	Comprehensive; dwelling
Winter weather	Relatively High	96.3	Collision (icy roads); frozen pipes (home)
Wildfire	Relatively Low	71.3	Comprehensive; dwelling
Earthquake	Very Low	37.2	Home needs a separate earthquake policy
Lightning	Relatively Low	55.1	Fire and electrical damage

Scores are national percentiles of FEMA's county risk (higher means more expected loss than most other U.S. counties).

Estimated premium by home value in Sioux Falls

Dwelling value	Wood frame	Brick / masonry
$200,000	$1,365	$1,255
$300,000	$1,890	$1,740
$500,000	$2,845	$2,615
$750,000	$3,935	$3,620

Home Insurance Estimator

Estimated annual premium

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Homeowners insurance by ZIP code in Sioux Falls

ZIP	Median home value	Owner-occupied	Est. premium
57106	$290,200	58.8%	$1,840
57103	$269,500	66.1%	$1,735
57108	$413,600	61.8%	$2,445
57104	$202,800	45.2%	$1,380
57110	$396,100	65.9%	$2,360
57105	$276,100	64.8%	$1,770
57107	$269,600	65.5%	$1,735

Homeowners insurance in South Dakota · Car insurance in Sioux Falls · Insurance offices near Sioux Falls

Frequently asked questions

How much is homeowners insurance in Sioux Falls?

For a home at Sioux Falls's median value of $292,400, we estimate about $1,850 a year for a standard HO-3 policy with a $1,000 deductible. The South Dakota NAIC average is $1,614.

What are the biggest natural hazards in Sioux Falls?

FEMA's National Risk Index rates Minnehaha County relatively high or very high for tornado, strong wind, and winter weather.

Does the age of homes in Sioux Falls affect insurance?

Yes. The median home in Sioux Falls was built in 1993 (Census ACS). Older roofs, wiring and plumbing can raise premiums or require inspections, while updates often earn discounts.

How we estimate this

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

Sources used on this page