Renters Insurance

Who Has The Cheapest Renters Insurance Quotes in South Dakota?

Who Has The Cheapest Renters Insurance Quotes in South Dakota?

Renters insurance in South Dakota can be very affordable, and it may save you a significant amount of money if you experience a loss. We collected dozens of quotes across the state in order to find the most affordable options for renters.

Compare Renters Insurance Quotes from Providers in South Dakota

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We found renters insurance rates in South Dakota as low as $8 per month. Read on for all our top picks.


Best for most renters

State Farm logo
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Best for minimum coverage limits

Farmers logo
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Best for renters with plumbing issues

Amica logo
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Methodology

Best renters insurance for most people: State Farm

State Farm has the lowest rates in South Dakota along with great customer service for renters.
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Read our full review of State Farm insurance.

The good:

  • The best prices of any insurer we considered
  • Beloved customer service

The bad:

  • Average coverage options
  • Not available in every location

We recommend State Farm as the best renters insurance company for most renters in South Dakota. Its great prices for coverage and well-regarded customer service set it apart from other insurers.

State Farm had the absolute lowest rates of any insurer we considered in the state, at an average price of just $8 per month. That's 42% less than the average across all insurers we looked at, and 29% cheaper than the next cheapest option.

State Farm also has great customer service. It has a complaint ratio from the National Association of Insurance Commissioners (NAIC) of 0.38. That means it's received only 38% as many complaints as a typical insurer of the same size. And J.D. Power gave it a perfect 5/5 rating in its renters insurance satisfaction survey.

There are two main drawbacks to State Farm. The first is that its coverage options are fairly average. While there are a few extra options, like extended liability and valuable items protection, State Farm doesn't offer identity theft protection or replacement cost coverage.

Additionally, State Farm doesn't offer coverage statewide. It did not provide a quote for a resident of Pine Ridge; every other insurer offered a quote there (and everywhere else).

Best for minimum coverage limits: Farmers

Farmers has the lowest coverage limits for people who don't own a lot of stuff.
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Read our full review of Farmers Insurance.

The good:

  • Lowest coverage limits of any insurer
  • Only insurer to offer replacement cost coverage
  • Good customer service

The bad:

  • Average rates

Renters who don't have a lot of personal property and can save money by lowering their coverage limits should look at Farmers Insurance. It also has good customer service, and it's the only insurer we looked at that offers replacement cost coverage.

The average price we found at Farmers was $13 per month — that's about average among every company we looked at. However, this price is based on a standard $30,000 coverage limit. If you don't own much property, you can reduce that limit and pay much less for your renters insurance. Farmers renters insurance policies let you choose limits as low as $4,000.

We always recommend buying enough coverage to protect all your property. There's no point in saving a few dollars per month by reducing your limits if it means you won't be fully reimbursed if your home is destroyed in a fire.

Farmers was the only insurer we considered that offers replacement cost coverage. This protection pays for the full cost to replace something that's damaged or destroyed — without factoring in depreciation.

We liked Farmers' customer service, too. It received a 0.37 complaint index from the NAIC, meaning that it received only 37% as many complaints as a typical insurer. This suggests renters tend to be satisfied with the service they receive.

Best for renters with plumbing issues: Amica

Amica was the only insurer to offer water backup coverage, and its rates and service were both better than average.
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Read our full review of Amica.

The good:

  • Only company to offer water backup coverage
  • Great customer service
  • Slightly better-than-average rates

The bad:

  • Missing some coverage options
  • No in-person service

If you have frequent plumbing issues and need water backup coverage for your rental, consider Amica. It's the only insurer that offered this protection, and its rates and customer service are both better than average overall.

Water backup coverage pays for damage to your property if your plumbing or sewer backs up into your home. While your landlord is responsible for the repairs, if water damages your other belongings like a rug or furniture, this will pay to clean or replace the items.

Amica also has better-than-average rates. A typical quote from Amica in South Dakota is $11 per month, or $2 less than the average overall. However, it's still $3 more expensive than our top pick.

We were impressed with Amica's customer service, too. It received a complaint index of 0.22 from the NAIC, meaning that it received only 22% as many complaints as a typical insurer. That's the lowest score we found in South Dakota. However, Amica wasn't rated in J.D. Power's renter insurance survey.

How we chose the best renters insurance companies in South Dakota

When evaluating renters insurance companies in South Dakota, we consider three main factors: affordability, coverage options and customer service.

  • Affordability: Does the company offer affordable rates, especially compared to other insurers?
  • Coverage options: Does the insurer offer a wide range of useful coverage options to its customers?
  • Customer service: Are customers generally satisfied with the service they receive from their insurer?

Affordability: Finding cheap renters insurance in South Dakota

We found a striking range of renters insurance prices in South Dakota. While the average price for coverage was $13 per month, the cheapest option was a paltry $8, and the most expensive was $23. State Farm, the most affordable option, was 66% cheaper than the most expensive option, and switching would save you $185 over the course of a year.

See the graph below for our full breakdown of the cheapest renters insurance in South Dakota.

Bar chart comparing the most affordable options for renters insurance in South Dakota

Bar chart comparing the most affordable options for renters insurance in South Dakota

Compare Renters Insurance Quotes from Providers in South Dakota

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Insurer
Average cost
% difference from average
Average$13--
State Farm$8-35%
Amica$11-9%
Allstate$120%
Farmers$138%
Geico$2393%

Our selected levels of coverage were:

  • Personal property coverage: $30,000
  • Liability coverage: $100,000
  • Medical payments coverage: $1,000
  • Deductible: $500
  • Loss of use: $0

Coverage options: Comparing renters insurance policies and benefits

  • Replacement cost coverage: Pays for the full cost to replace an item that's been destroyed or damaged, without factoring in depreciation.
  • Valuable items coverage: Increases the limits for high-value items like jewelry or electronics, which often have limited coverage in a typical policy.
  • Extended liability coverage: Increases your liability limits beyond what's usually available from an insurer.

In addition, all the insurers offer the following basic coverage options. If you come across an insurer that doesn't offer all of them, consider that a warning sign and think about another option for renters insurance.

  • Personal property coverage: Pays to repair or replace property that's been stolen or damaged by a covered peril.
  • Additional living expenses: Pays for a hotel or other temporary living place if your home is uninhabitable due to a covered peril.
  • Liability coverage: Pays for damages to others that you are responsible for, such as if your pet injures someone.
  • Medical payments coverage: Pays for medical expenses that others incur at your home, regardless of who is at fault. Goes into effect before liability coverage.

Customer service: Evaluating insurer quality in service and claims

Well-regarded customer service is a crucial aspect to look for in a renters insurance company. Good customer service will help you get your questions answered while buying a policy, as well as make sure you're compensated fairly and quickly after a loss.

To evaluate customer service among renters insurance companies in South Dakota, we look at three key metrics: the National Association of Insurance Commissioners' Complaint Index, J.D. Power's renters insurance satisfaction survey and AM Best's Financial Strength Rating.

Insurer
NAIC Complaint Index
J.D. Power rating
AM Best FSR
Allstate0.752/5A+
Amica0.22N/AA+
Farmers0.372/5A
Geico*------
State Farm0.385/5A++

Geico does not manage its own renters insurance policies; instead, it sells policies from a variety of other insurers. As such, its own ratings in these categories aren't relevant, so we've excluded them here.

  • NAIC Complaint Index: This score compares the size of an insurer with the number of complaints it's received. A lower number indicates that the company has received fewer complaints relative to its size and suggests customers are more likely to be satisfied with their service. The national average score is 1.00.
  • J.D. Power rankings: This score out of five is based on a national survey of renters insurance customers asking how satisfied they are with their renters insurance company. A higher score is better.
  • AM Best FSR: This letter grade describes the overall financial health of an insurer. Grades range from A++ to D, and a higher grade indicates that the company will have a better ability to pay out claims, even in times of negative economic climate or high claim demand (such as after a natural disaster).

South Dakota renters insurance: Costs by city

One of the main factors that determine how much renters insurance costs is where you live. A city with very low crime might have cheaper rates, while a town that experiences a lot of flooding or tornadoes might pay more.

We found renters insurance rates across South Dakota to be very consistent. The most expensive city was only a few dollars a month more expensive than the statewide average.

City
Average cost
% difference from state average
State average$13.48--
Sioux Falls$13.31-1.23%
Rapid City$14.245.64%
Aberdeen$13.30-1.30%
Brookings$13.30-1.30%
Watertown$13.31-1.23%
Mitchell$13.27-1.57%
Spearfish$13.31-1.23%
Huron$13.40-0.62%
Pierre$13.29-1.38%
Yankton$13.30-1.30%
Vermillion$13.30-1.30%
Show All Rows

State Farm did not offer a quote in Pine Ridge. Rates in the city are otherwise comparable to other locations in South Dakota.

Renters insurance prices also vary by state. To see how renters insurance in South Dakota compares to other parts of the United States, see our nationwide study of renters insurance costs.

Methodology

To find the best rates for renters insurance in South Dakota, we collected quotes from five top companies in 25 major cities across the state. In all quotes, our sample renter is a 30-year-old man who lives by himself and hasn't made any recent renters insurance claims. He's protected himself with $30,000 of personal property coverage with a $500 deductible, plus $500,000 of liability protection.

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.