Homeowners Insurance Basics

Who Has the Cheapest Homeowners Insurance Quotes in South Dakota?

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We evaluated homeowners insurance quotes for a sample 2,000 square foot home in 32 cities in the state of South Dakota to determine which cities had the highest and lowest annual home insurance costs. Based on this sample property, South Dakota homeowners pay on average $2,364 per year for home insurance. Home insurance prices in South Dakota vary by over 35% between the cities in our study. Below we profile a few cities in the state of South Dakota. Read more about our findings, or use our quote tool above to find homeowners insurance quotes in your area.

Cheapest Home Insurance Companies in South Dakota

We gathered quotes for our sample home in 32 cities from State Farm, Farmers, and Amica. The quotes we gathered from each company were then averaged to find which insurance companies had the best home insurance rates in South Dakota. The graph below shows the average annual costs to insure our sample home by company alongside the state average:

Cheap and Best Home Insurance Companies in South Dakota

Best Homeowners Insurance Rates in South Dakota's Largest Cities

We evaluated homeowners insurance rates across the largest cities in South Dakota. To ensure that we gathered comparable quotes, our study implemented control variables. On average, homeowners in the ten largest cities pay 1% less than the rest of the state on homeowners insurance. Based on our study, the cost for home insurance in the ten largest cities was an average of $2,346 per year.

Sioux Falls, SD

Sioux Falls is the most populous city in the state of South Dakota. The city recently ranked as one of the best cities for tourists. Sioux Falls is named after a tribe of Native Americans and the nearby Big Sioux River. The city’s top employers include Sanford Health, Avera Health, and Smithfield Foods. Our study shows that the average cost of home insurance in the city of Sioux Falls is $2,144 per year, which is $220 less than the state mean. The city ranks as the fifth least expensive city for home insurance in the state.

Amica offered the most affordable home insurance quote in Sioux Falls at an annual cost of $1,674. Farmers, the most expensive insurer in the city, quoted our sample home an annual cost of $2,789, which is $1,115 greater than Amica’s quote.

Cheapest and Best Homeowners Insurance Companies in Sioux Falls, South Dakota

Rapid City, SD

Rapid City is the second largest city in the state of South Dakota. Rapid City is well known for the many sculptures maintained throughout the city. Perhaps the most famous set of these sculptures is the “City of Presidents”, which features a sculpture of every past American president. Residents of Rapid City pay an average of $2,643 for homeowners insurance annually, which is 12% greater than the state average.

The most affordable home insurance rate in the city was offered by Amica at $1,974. The second most affordable rate was offered by State Farm at $2,082, which is $108 greater than Amica’s quote. The most expensive insurance company in the area, Farmers, offered a quote of $3,873, which is greater than the state average.

Best Homeowners Insurance Rates in Rapid City

Aberdeen, SD

Aberdeen is the third most populous city in the state of South Dakota. The city’s only higher education institutions are Northern State University and Presentation College. There are over 13 museums and galleries along with approximately 14 parks in Aberdeen. Based on our research, the average homeowners insurance quote in the city is $2,115. Residents of Aberdeen pay 11% less for their homeowners insurance than the state mean.

Only one insurer in Aberdeen offered an annual rate that was greater than the state mean. The most expensive quote was offered by Farmers at $2,828, which is $465 greater than the state average. The cheapest quote in Aberdeen was offered by Amica at $1,567.

Quotes from Aberdeen's Best Home Insurance Companies

Brookings, SD

The city of Brookings is the fourth most populous city in the state of South Dakota. The city is just 60 miles north of Sioux Falls with quick access via Interstate-29. There are several lakes nearby, such as Lake Campbell and Lake Thompson, where residents enjoy boating and fishing. The average annual homeowners insurance quote in Brookings is $2,241 per year, which is 5% less than the state mean.

If you’re looking for some affordable home insurance rates in Brookings, South Dakota then we suggest starting with Amica which quoted our sample home a cost of $1,647 annually. Farmers offered the least affordable rate at $3,036 per year, which is more than $1,389 than the quote offered by Amica.

Brookings’ Best Home Insurance Companies

Watertown, SD

Watertown is the fifth largest city in the state of South Dakota. The city’s name is no misnomer as Watertown is located on the edges of Lake Kampeska and Pelican Lake. The city offers its residents various bike and walking trails that follow the borders of Lake Kampeska. Based on our study, the average homeowners insurance policy in the city of Watertown comes at an annual price of $2,295.

Amica quoted the least expensive rate in Watertown at $1,640 annually. That is $1,532 less than Farmers’ quote of $3,172. Farmers is the least affordable insurer in the city. In fact, Farmers was the only insurer in our study who offered a quote greater than the state mean within Watertown.

Best Cheap Home Insurance Companies in Watertown

Mitchell, SD

Mitchell is the sixth most populous city in the state of South Dakota. The city is well known for being the home of the “World’s Only Corn Palace”. More than 500,000 tourists visit the corn murals annually. The Corn Palace was established early in the city’s history and has since become a cultural staple. Residents of Mitchell pay an average home insurance cost of $2,355 based on our study.

Amica offered the lowest home insurance quote in Mitchell at a rate of $1,676. The second most affordable insurer in the area, State Farm, offered a quote of $2,002, which is $326 more than Amica’s quote. Residents of Mitchell pay roughly the same as the state mean for their home insurance.

Cheapest and Best Homeowners Insurance Companies in Mitchell

Yankton, SD

Yankton is the seventh largest city in the state of South Dakota. The city is located on the bank of the Missouri River. Without the river the city may not have been around today as it was instrumental in expanding Yankton. Our research found that the average home insurance cost in Yankton was $2,574, which is $210 greater than the average in the state of South Dakota.

Based on our study, Yankton ranks as the seventh least affordable city for home insurance in the state. Amica offered a quote of $1,678, which is $2,299 cheaper than the rate of $3,977 offered by Farmers. Farmers’ quote represents the highest quote it offered our sample home among the top ten largest cities in the state.

Best Homeowners Insurance Rates in Yankton

Pierre, SD

Pierre is the eighth largest city in the state of South Dakota. Despite this fact, the city is the second-smallest state capital in the United States. Residents of Pierre live in proximity of multiple state parks including LaFramboise Island Nature Area and Farm Island Recreation Area. On average, residents of Pierre pay 11% more for their home insurance than the rest of the state.

Amica offered the lowest quote from the insurance companies sampled at an annual cost of $1,875. The next most affordable home insurance quote was given by State Farm at $2,053, which represents a $178 increase from the quote offered by Amica. Farmers offered a substantially larger quote at $3,939.

Quotes from Pierre’s Cheapest and Best Home Insurance Companies

Huron, SD

Huron is the ninth most populous city in the state of South Dakota. Huron was originally founded as a railroad town in the late 1800’s. Today the city’s main industry is agriculture, more specifically, corn, sunflowers and soybeans. Residents of Huron pay an average of $2,002 a year for homeowners insurance.

Amica offered the lowest quote in the city of Huron at a cost of $1,402. The second most affordable homeowners insurance quote gathered was offered by State Farm at $1,968. Huron ranked as the cheapest city in our study for home insurance in South Dakota. On average, residents pay $362 less than the state mean for their home insurance.

Best Home Insurance Companies in Huron

Vermillion, SD

Vermillion is the tenth largest city in the state of South Dakota. The city benefits by being located near several airports including the Sioux City Gateway Airport and the Sioux Falls Regional Airport. Vermillion has an average annual home insurance cost of $2,469, which is $105 greater than the state mean.

Amica quoted the cheapest home insurance quote in the area at $1,690. Farmers offered the most expensive home insurance quote at $3,650, which is $1,960 greater than the quote offered by Amica. In other words, Farmers’ quote is more than twice the cost of the quote offered by Amica for our sample home’s homeowners insurance.

Best Cheap Home Insurance Companies in Vermillion

Least Expensive Homeowners Insurance in South Dakota: by City

The graph below shows the five best cities for home insurance of all 32 cities which were part of this study. The cities are listed in order of mean price starting with the lowest average home insurance quote and ascending. Huron is the cheapest city in South Dakota for homeowners insurance based on our study. Residents pay $2,002 annually on average, which is $362 lower than the state average.

Top 5 Best Cities in South Dakota for Homeowners Insurance

Huron, SD

According to our study, Huron is the most affordable city in the state of South Dakota for homeowners insurance. On average, residents pay 15% less for their homeowners insurance policy when compared to the state mean. Farmers was the only insurance company in the city to offer a quote that was greater than the state average.

Belle Fourche, SD

Belle Fourche ranked second for cities with the most affordable homeowners insurance rates in the state of South Dakota. The mean home insurance quote in the city was $2,026, which is 14% cheaper than the state average. The most affordable quote in Belle Fourche was offered by Farmers at $1,901 annually.

Brandon, SD

Brandon ranks as the third least expensive city in South Dakota for home insurance. The average homeowners insurance quote gathered in the city of Brandon was $2,110, which is $254 less than the state mean. On a percentage basis, this represents an 11% discount.

Aberdeen, SD

The city of Aberdeen offers the fourth most affordable home insurance rates in the state. Residents pay on average $2,115 per year, which is $248 less than the state average. The lowest rate in the city was offered by Amica at $1,567.

Sioux Falls, SD

Sioux Falls is ranked the fifth least expensive city in South Dakota for home insurance. On average, residents pay $2,144 for home insurance, which represents a 9% lower rate when compared to the state mean. On an annual basis, residents save $220 on homeowners insurance versus the state average.

Most Expensive Homeowners Insurance in South Dakota: by City

The graph below shows the five most expensive places of all 32 cities which were part of this study. The cities are listed in order of price starting with the highest average rate and descending. The figures listed represent the average home insurance rate in each city based on our study. The most expensive city for homeowners insurance was Tripp where our research found an average annual rate of $2,702, which is $339 higher than the state average.

Top 5 Most Expensive Cities in South Dakota for Homeowners Insurance

Methodology

We studied 32 cities, spread out geographically all throughout the state of South Dakota. The sample home we looked at was built in the year 2000 and had 2,000 square feet. The property cost $200,000 and had an attached garage. Quotes for this home were obtained from State Farm, Farmers, and Amica insurance companies. The rates were then averaged to arrive at a mean for each city. To see an alphabetical list of all the cities included in the comparison analysis, please see below. We've displayed all cities from Aberdeen to Yankton with the average annual cost of insurance for the benchmark property and how much each city costs relative to the statewide average.

RankCityAverage Insurance RateCost Compared to Average
29Aberdeen$2,115-11%
31Belle Fourche2,026-14%
18Box Elder2,338-1%
30Brandon2,110-11%
23Brookings2,241-5%
15Dell Rapids2,3811%
5Freeman2,62711%
17Groton2,3530%
11Harrisburg2,4333%
2Hot Springs2,65112%
32Huron2,002-15%
12Lennox2,4042%
13Madison2,4002%
14Miller2,3931%
16Mitchell2,3550%
25Mobridge2,177-8%
9Parkston2,5046%
26Philip2,176-8%
6Pierre2,62211%
27Pine Ridge2,158-9%
3Rapid City2,64312%
22Redfield2,278-4%
28Sioux Falls2,144-9%
24Sisseton2,238-5%
8Spearfish2,5558%
4Sturgis2,63311%
20Tea2,317-2%
1Tripp2,70214%
10Vermillion2,4694%
21Watertown2,295-3%
19Webster2,320-2%
7Yankton2,5749%

Sources:

South Dakota Census Data

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