Allstate is the cheapest home insurance option for most homeowners in South Dakota, with an average monthly savings of $301. Below is a summary of the most affordable providers in the state.
Cheapest Home Insurance in South Dakota
Updated: May 27, 2025
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Key Takeaways
Allstate, Nationwide and Auto-Owners offer the lowest-cost home insurance in South Dakota overall, with potential savings of up to 74%.
Nationwide offers the cheapest homeowners insurance if you own a new home or have bad credit, while Allstate is best for older homes.
Auto-Owners offers the most affordable home coverage for those in high-risk fire areas in South Dakota.
What is the Cheapest Home Insurance in South Dakota?
| Allstate | $198 | $2,379 | 27% |
| Auto-Owners Insurance | $212 | $2,538 | 22% |
| Farmers | $227 | $2,728 | 17% |
| State Farm | $234 | $2,804 | 14% |
*These rates are based on a house built in 2000 with a $1,000 deductible, $250,000 in dwelling coverage, $125,000 in personal property coverage, $200,000 in liability coverage and class 3 fire protection. The insured is assumed to have good credit and no claims in the past five years.
THE CHEAPEST COMPANY MAY NOT BE THE BEST FOR YOU
While these companies may offer the lowest rates in South Dakota, evaluating their customer service reputation and coverage options is important. To help, we’ve created a separate guide to the best home insurance companies in South Dakota, providing a more comprehensive overview.
Cheapest South Dakota Home Insurance Rates by Category
Although the options above are the cheapest for most homeowners, depending on your specific situation, you may find a better option. For example, while Nationwide is the cheapest overall company, Nationwide offers the best rates for newer homes. Below, you can see the cheapest rates for different home categories.
| Allstate | Older Homes | $198 |
| Nationwide | Newer Homes | $63 |
| Auto-Owners Insurance | Homes in High Risk Fire Areas | $213 |
| Allstate | Bad Credit | $384 |
*Rates are modified based on our methodology’s base profile. Newer home estimates are based on a home built in 2023, high-risk fire estimates are for a policy with 8-class fire protection, and bad credit rates assume a poor credit score on the FICO scale.
Compare Personalized Cheap South Dakota Home Insurance
The companies listed above typically provide the best rates for their categories, but actual rates vary based on your unique profile. Use the filter below to get a personalized list of the cheapest providers for your situation.
Data filtered by:Results filtered by:
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Coverage Level:$250K Dwelling / $125K Personal Property / $200K Liability
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Deductible:1000
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Claims History:Claim free for 5+ years
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Credit Tier:Good
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Home Age:Older Homes
| Allstate | $211 | $2,527 |
| Auto-Owners Insurance | $212 | $2,547 |
| State Farm | $234 | $2,804 |
| Farmers | $239 | $2,865 |
| Nationwide | $286 | $3,429 |
Cheapest South Dakota Home Insurance By City
Risk factors for insurers vary by location, making some providers more affordable than others. For example, while Farmers is the cheapest in most cities, State Farm and Nationwide offer lower rates in places like Sioux Falls and Rapid City.
| Sioux Falls | Auto-Owners Insurance | $218 |
*These rates are based on a house built in 2000 with a $1,000 deductible, $250,000 in dwelling coverage, $125,000 in personal property coverage, $200,000 in liability coverage and class 3 fire protection. The insured is assumed to have good credit and no claims in the past five years.
How To Find the Cheapest South Dakota Home Insurance for You
Finding affordable home insurance in South Dakota can be challenging, but you can significantly lower your costs with some effort. Below are our core recommendations to help you maximize savings on your policy.
- 1
Determine your coverage needs
It's easy to get oversold on coverage when you don't have limits in mind before buying. Determine your home insurance coverage needs beforehand to avoid purchasing too much. Understanding the different types of home protection available helps ensure you don't miss something important.
- 2
Research home insurance cost information
Review home insurance costs in South Dakota to understand reasonable market rates. Ensure you've explored all discount possibilities with your representative because these reductions aren't automatically applied.
- 4
Compare multiple companies apples to apples
To ensure you’re getting a good deal, compare quotes for the same coverage. Once aligned, gather as many quotes as possible using different methods to find the best rate.
Cheap Home Insurance South Dakota: Bottom Line
Allstate, Auto-Owners Insurance, and Farmers offer the most affordable home insurance in South Dakota. Denied coverage? State programs like TFPA provide low-cost policies. Remember to compare multiple insurers, research costs, and pinpoint your coverage needs before making a decision.
Cheapest Home Insurance South Dakota: FAQ
Below are answers to frequently asked questions about the cheapest home insurance in South Dakota.
What is the cheapest home insurance company in South Dakota?
Nationwide offers the lowest rates for newer homes in South Dakota at $63 per month or $751 per year. However, homeowners with older properties or higher fire protection needs may find better rates with Allstate or Auto-Owners Insurance.
How expensive is home insurance in South Dakota?
South Dakota has the 33rd-highest home insurance rates in the U.S.
How much is home insurance in South Dakota?
Your home insurance needs should cover the full replacement cost of your home, align with the value of your possessions, take into account local risks, and cover any special items.
While not a legal requirement for homeowners, mortgage lenders typically necessitate comprehensive dwelling coverage to rebuild your home entirely in case of total loss. Optimal insurance extends to protect the worth of personal belongings, safeguards against area-specific threats, and underpins one-of-a-kind assets.
How much home insurance do I need?
Your home insurance needs should cover the full replacement cost of your home, align with the value of your possessions, take into account local risks, and cover any special items.
While not a legal requirement for homeowners, mortgage lenders typically necessitate comprehensive dwelling coverage to rebuild your home entirely in case of total loss. Optimal insurance extends to protect the worth of personal belongings, safeguards against area-specific threats, and underpins one-of-a-kind assets.
How We Found the Cheapest Home Insurance Companies in South Dakota
To determine the cheapest home insurance companies in South Dakota, we assumed the following base profile:
- $250K dwelling coverage
- $125K personal property coverage
- $200K liability coverage
- Home built in 2000
- Frame construction
- Composition roof
- $1,000 all perils deductible
- No claims in the past 5+ years
- 3-class fire protection
All other combinations were adjusted based on this profile to provide a more accurate comparison for your specific situation. However, these figures are estimates, and we recommend comparing quotes from multiple providers to secure the best deal.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.