State Farm, Nationwide and Farm Bureau offer the best and cheapest renters insurance in South Dakota. State Farm ranks highest for affordable rates. Nationwide has the best customer reputation, while Farm Bureau provides the best coverage options.
Cheap Renters Insurance in South Dakota
Updated: November 6, 2025
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Key Takeaways
State Farm leads South Dakota's renters insurance market with the cheapest coverage at $154 a year, ranking best overall.
South Dakota renters insurance costs about $14 monthly, with rates ranging from $13 to $23.
To find affordable renters insurance, determine your needs first, research costs and compare multiple quotes.
Best Cheap Renters Insurance Companies in South Dakota
| State Farm | 91 | $13 | $154 |
| Nationwide | 88 | $16 | $197 |
| Farm Bureau | 85 | $18 | $219 |
| American Family | 85 | $23 | $275 |
| Allstate | 81 | $19 | $225 |
*Rates based on good credit, no claims history, $50K property damage, $100K liability coverage, $1,000 deductible and guaranteed replacement.
Use our renters insurance calculator to ensure your South Dakota policy balances affordable premiums with adequate coverage for the state's extreme seasonal weather variations.
South Dakota Renters Insurance Quote Estimates
MoneyGeek's renters insurance calculator will give you a customized estimate of your renters insurance costs.
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Rates updated:
Nov 27, 2025
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Compare Personalized Best Cheap Renters Insurance in South Dakota
Our list covers most renters, but your ideal options may differ. Use this filterable table to find the best option for your profile in South Dakota.
Data filtered by:
$50K Personal Property / $100K Liability
Select
Claim free for 5+ years
Yes
Good
| State Farm | 91 | $8 | $99 |
| American Family | 86 | $12 | $138 |
| Nationwide | 85 | $12 | $140 |
| Auto-Owners | 83 | $11 | $134 |
| Farm Bureau | 82 | $12 | $143 |
Best South Dakota Renters Insurance Review
The section below details our top pick for affordability, customer service and coverage options for South Dakota renters insurance.
State Farm: Best Cheap Overall
pros
Lowest rates regardless of profile
High customer satisfaction
Personalized property coverage
cons
Lower-than-average claims satisfaction
No extensive add-on options
COMPANY HIGHLIGHTS
At just $13 monthly, State Farm offers South Dakota's cheapest renters insurance while ranking fourth nationally in J.D. Power's customer satisfaction study. South Dakota renters benefit from its affordable rates, quality service and customizable personal property coverage that meets individual needs.
Average Cost of Renters Insurance in South Dakota
South Dakota's average cost of renters insurance is $171 per year, $71 below the national average of $242. These rates reflect a policy with $50K personal property coverage, $100K liability limits and a $1,000 deductible, though your rates may vary based on your profile.
Data filtered by:
$50K Personal Property / $100K Liability
Select
Claim free for 5+ years
Good
Covered
| $50K Personal Property / $100K Liability | $14 | $171 |
South Dakota Renters Insurance: Buyer's Guide
Finding the best and cheapest renters insurance in South Dakota can be challenging with many options available. This guide will help you select coverage that fits your needs.
How to Find the Best Cheap Renters Insurance in South Dakota
Follow this step-by-step guide to find the right renters insurance:
- 1Determine the right coverage level
Know how much coverage you need before comparing rates. Determine what belongings you want insured and their value. Consider risks like weather damage, crime rates and pet-related factors.
- 2Research costs and discounts
After determining your coverage needs, research average costs for similar situations. This helps you evaluate quotes more effectively and ensure fair pricing. Look for discounts to lower your costs.
- 3Compare providers
Check company reputations, typical costs and coverage options. This will help you narrow your choices to providers worth contacting and find one that matches your needs.
- 4Consider bundling
See if your auto insurer offers discounts for adding renters insurance. Bundling often reduces total insurance costs.
- 5Compare multiple quotes through different channels
For an accurate comparison, collect at least five quotes with identical coverage. Check comparison sites, company websites, insurance brokers, and call agents directly, as prices may vary.
- 6Compare rates annually
Insurance rates change often. Compare prices yearly to make sure you still get the best deal.
How Much Renters Insurance Do I Need in South Dakota?
South Dakota law doesn't require renters insurance, but most landlords will likely require at least $100K in liability coverage. Requirements may vary based on your rental history, credit and pets. Consider how much property you want covered, weather risks, local crime rates and pet ownership.
Use our calculator below to determine your ideal personal property limits so you know how much renters insurance you need.
Personal Property Coverage Calculator
When figuring out how much renters insurance you need, experts recommend the standard $100,000 in liability insurance and enough personal property protection to cover your possessions. Use MoneyGeek's calculator to estimate the value of your possessions so you know how much personal property coverage to buy.
clothing & accessories
Clothes, shoes, bags, belts, hats, gloves, etc.
South Dakota Renter Risk Considerations
South Dakota renters face a few unique risks. Here’s what to know and which coverages might help:
- Weather risks: Parts of South Dakota face high risks of tornadoes and wildfires. These events aren’t always covered by a standard renters policy, so you may need to buy extra protection.
- Crime risks: The state ranks 28th in property crime and 50th in identity theft and fraud. Consider adding coverage for personal property and identity theft protection.
- Pet ownership: If you have a pet, look into pet liability coverage. Check whether your policy includes it or if you’ll need to add it separately.
- Property types: Renters with valuable items like tools, electronics or even outdoor features such as pools may need extra coverage. Ask about policy add-ons that protect high-value or special items.
How Does Renters Insurance Coverage Work?
Renters insurance covers your belongings, protects you from liability claims and pays for temporary housing if your rental becomes unlivable. You can add extra coverage for specific needs. Common coverage types include:
Coverage Type | Standard or Add-on | Coverage Details |
|---|---|---|
Standard | Reimburses you for lost or damaged personal property in your rental, up to your policy limits. Standard coverage pays actual cash value unless you have replacement cost coverage. | |
Standard | Covers you if someone is injured on your rental property, including medical and legal expenses. This coverage is often required by landlords. | |
Additional living expenses | Standard | Pays for extra living costs like lodging, meals and transportation if your rental becomes uninhabitable. The amount is usually a flat rate or a percentage of your personal property limit. |
Natural disasters | Add-on | Offers optional protection for earthquakes and floods, available through select providers. |
Parts/Equipment | Add-on | Provides separate coverage for tools, appliances or utilities in your rental. |
Scheduled property | Add-on | Covers specific high-value items, such as jewelry or electronics, up to a set limit. |
Identity theft | Add-on | Protects you from financial loss and legal expenses caused by identity theft. Some policies may also include monitoring services. |
Pet liability | Add-on | Covers injuries or damages caused by your pet on the rental property. Some standard policies already include this coverage. |
Modifications | Add-on | Extends protection to custom additions or modifications you’ve made to the rental property. |
Food loss | Add-on | Reimburses you for food lost due to covered events, such as power outages or equipment failure. |
Best Renters Insurance in South Dakota: Bottom Line
State Farm is the best and cheapest overall renters insurance company in South Dakota. While we recommend it, always compare multiple companies and quotes to ensure getting the best deal for your needs.
Renters Insurance in South Dakota: FAQ
Here are answers from our experts to common questions:
What is the cheapest renters insurance company in South Dakota?
State Farm offers the cheapest renters insurance in South Dakota, with an average annual premium of $154 or $13 per month.
What is the best renters insurance company in South Dakota?
State Farm is the best renters insurance company in South Dakota, with a MoneyGeek score of 91 out of 100 for its exceptional affordability and customer satisfaction.
How much does renters insurance cost in South Dakota?
The average cost of renters insurance in South Dakota is $171 per year or $14 per month, 29% lower than the national average. Annual premiums range from $154 to $275.
Is renters insurance required in South Dakota?
South Dakota doesn't legally mandate renters insurance, but your landlord may require it. Evaluating your needs and circumstances can help determine whether buying a policy is right for you. Reasons to get renters insurance include financial protection against common perils and liability costs of third-party injuries.
How We Found the Best Cheap Renters Insurance Companies
To determine the cheapest renters insurance in South Dakota, we used this base profile:
- $50K personal property coverage
- $100K liability coverage
- $1,000 deductible
- Property replacement coverage
- Good credit score
This determined our affordability score (60% of the total score). Other factors included company size and add-on coverage selections (10%), customer satisfaction score from industry research (25%) and financial strength ratings (5%).
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!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
sources
- American Red Cross. "Which Natural Disasters Should You Prepare For?." Accessed May 5, 2025.
- Insurance Information Institute. "Facts + Statistics: Identity Theft and Cybercrime." Accessed May 5, 2025.
- U.S. News. "Property Crime Rate." Accessed May 5, 2025.