How much is renters insurance in South Dakota?

The average cost of renters insurance in South Dakota is $188 a year, and the average monthly cost is $16. That's for a policy with personal property coverage of $40,000, liability coverage of $100,000, and a deductible of $1,000.

What you pay for renters insurance may differ from your neighbours because it depends on factors specific to each person: the property you want to insure, extra coverage options you add, and the deductible amount you choose.

"The number one thing that's most important is to get good liability. A renter's policy will default to $100,000 liability," Josiah Hatch, an insurance pro with Bender Hatch Insurance in Boston, said. "It costs next to nothing to go from $100,000 to $500,000. I want to say it's probably 10 bucks a year. It's really cheap to get a lot of extra coverage. I always recommend getting the most liability you can because that's, at its core, what insurance is all about: the worst-case scenario."

Average annual premium	$188
Average monthly premium	$16

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Best renters insurance companies in South Dakota

Auto-Owners, Farmers Mutual Ins Co of NE and Nationwide are our best renters insurance companies in South Dakota.

Rates differ widely between renters insurance providers, so it pays to shop around. But rates aren’t the entire picture. It’s also important to choose an insurance company with a good reputation so you know it will be there for you when you need it.

To help you choose the best renters insurance in South Dakota, we reviewed rates and third-party ratings including complaint volume with the National Association of Insurance Commissioners (NAIC) and financial ratings from AM Best.

Among the carriers surveyed, Auto-Owners is the best renters insurance company in South Dakota, with a top score and an average renters insurance rate of $159.

Below is our list of best renters insurance companies in South Dakota based on that analysis, with our score out of five.

Company	Average annual premium	AM Best	NAIC	Insurance.com rating
Auto-Owners	$159	A++	0.33	5
Farmers Mutual Ins Co of NE	$229	A	0.13	4.52
Nationwide	$149	A+	0.87	4.4
State Farm	$115	A++	0.95	4.36
Allstate	$144	A+	0.9	4.08
Farmers	$200	A	0.54	4.08
North Star Mutual	$192	A+	0.72	3.93
American Family	$263	A	0.37	3.78

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Cheapest renters insurance in South Dakota

State Farm is the cheapest renters insurance company in South Dakota based on our rate analysis with an average annual premium of $115.

Renters insurance prices can vary drastically between companies. That's why it is important to compare rates and see which company offers the best deal to get coverage at an affordable price.

Below are the cheapest renters insurance companies in South Dakota and their average annual premiums.

Company name	Average annual premium
State Farm	$115
Allstate	$144
Nationwide	$149
Auto-Owners	$159
Iowa Farm bureau	$160
North Star Mutual	$192
Farmers	$200
Farmers Mutual Ins Co of NE	$229
American Family	$263

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South Dakota renters insurance: The least and most expensive ZIP codes

Where you live in South Dakota affects how much you pay for renters insurance. The most expensive ZIP code in South Dakota for renters insurance is 57719, where the average annual rate is $202 which is $14 more than the state average insurance premium.

On the other end of the spectrum, the least expensive ZIP code for renters insurance is 57007, with an average annual rate of $186.

The following table lists the least and most expensive ZIP codes in South Dakota for renters insurance.

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Most expensive ZIP code
Least expensive ZIP code

ZIP code	Average annual rate
57719	$202
57702	$201
57718	$200
57701	$199
57639	$192

ZIP code	Average annual rate
57007	$186
57701	$199
57718	$200
57702	$201
57703	$201

Compare renters insurance rates by city in South Dakota

Renters insurance rates vary significantly across cities, influenced by various factors, including weather patterns, crime rates, and property values. You must consider these factors and compare quotes from different insurers to get the best deal on renters insurance for your specific city in South Dakota.

City	Annual insurance premium
Aberdeen	$183
Brookings	$183
Huron	$183
Mitchell	$184
Pierre	$183
Sioux Falls	$186
Spearfish	$186
Watertown	$186
Yankton	$189

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How to get cheap renters insurance in South Dakota

There are a few things you can do to get cheaper renters insurance in South Dakota:

Shop around. Not every South Dakota renters insurance company offers the same rates or discounts. Shop around for the best price.
Ask about discounts. There are a lot of discounts available on renters insurance; one of the biggest is bundling your home and auto insurance, so ask for an auto quote at the same time.
Chose a higher deductible. Your deductible affects your premiums; higher deductibles mean lower rates. Just ensure you can afford the deductible if you have to pay it.

Methodology

Insurance.com compared renters insurance rates provided by Quadrant Information Services for $40,000 personal property coverage with a $1,000 deductible and $100,000 liability coverage for all available ZIP codes based on a renter with good credit. To rank the best insurance companies, we gathered AM Best financial stability ratings, where an A++ is the best possible score, and National Association of Insurance Commissioners (NAIC) complaint ratios, which compare the number of complaints a company receives to the anticipated complaint volume based on market share. These factors were used along with rates to find the best companies overall.

South Dakota renters insurance: FAQ

Do I need renters insurance in South Dakota?

Renters insurance isn’t required by law, but your landlord may require you to purchase a policy as part of your lease agreement.

How much renters insurance do I need in South Dakota?

You don’t need any renters insurance by law, but when buying a policy you should ensure you have enough personal property coverage to cover all of your personal property at replacement cost.