Cheapest home and auto insurance bundle in South Dakota

Cheapest home and auto bundles in South Dakota

The price you pay with a home and auto bundle depends on the base prices for the home and auto policies in addition to the amount discounted on each policy. The table below shows the average rates for home insurance and auto insurance and how much the total premiumThe payment required for an insurance policy to remain in force. Auto insurance premiums are quoted for either 6-month or annual policy periods. is with and without the bundling discount.

The cheapest car and home bundles in South Dakota are from Farmers Mutual Ins Co of NE, followed by State Farm.

Company	Home premium	Auto premium	Bundle premium	Without bundle premium
Farmers Mutual Ins Co of NE	$2,568	$1,571	$3,482	$4,139
State Farm	$3,524	$1,576	$3,652	$5,100
American Family	$4,029	$1,353	$4,308	$5,382
Iowa Farm bureau	$2,965	$2,263	$4,406	$5,228
Allstate	$2,965	$2,278	$4,448	$5,243
North Star Mutual	$2,248	$2,934	$4,465	$5,182
Nationwide	$4,275	$1,277	$4,800	$5,552
Farmers	$4,317	$1,940	$5,097	$6,257
Auto-Owners	$4,404	$2,628	$6,309	$7,032

The company offering the cheapest home and auto bundle in South Dakota

State Farm

Our take: State Farm topped the list of auto insurance companies in a recent ranking, with customers giving it extremely high satisfaction scores. The company is also the top pick for home insurance, with customers giving it high marks for customer satisfaction, ease of service and for its various policy offerings. State Farm is the biggest property and casualtyLiability or loss resulting from an accident. insurance company in the nation.

Biggest home and auto bundle discounts in South Dakota

With an average of 28%, the largest discount for bundling home and auto insurance can be found at State Farm. In contrast, at only 10%, the smallest multi-policy discount of the companies reviewed belongs to Auto-Owners.

Company	Home and auto bundle discount
State Farm	28%
American Family	20%
Farmers	19%
Farmers Mutual Ins Co of NE	16%
Iowa Farm bureau	16%
Allstate	15%
Nationwide	14%
North Star Mutual	14%
Auto-Owners	10%

How do home and auto bundles affect car insurance rates in South Dakota?

The table below displays South Dakota auto insurance rates both before and after a bundling discount is applied. The cheapest price after the multi-policy discount belongs to American Family at $1,118. The most significant discount on auto is offered by Farmers at 24%.

Company	Auto premium before bundling	Auto premium after bundling	$ difference after bundling	% difference after bundling
American Family	$1,353	$1,118	$235	17%
Nationwide	$1,277	$1,178	$99	8%
State Farm	$1,576	$1,325	$252	16%
Farmers Mutual Ins Co of NE	$1,571	$1,415	$155	10%
Farmers	$1,940	$1,478	$461	24%
Allstate	$2,278	$1,909	$369	16%
Iowa Farm bureau	$2,263	$2,083	$179	8%
Auto-Owners	$2,628	$2,313	$315	12%
North Star Mutual	$2,934	$2,416	$519	18%

What are the best home and auto insurance companies in South Dakota?

When shopping for the right company for your home and auto insurance, it’s important to consider more than just bundling. You want a company that has a solid reputation as well as great rates. Below are the best home and auto insurance companies in South Dakota overall based on our analysis of rates, financial stability and customer complaints.

Best home insurance companies in Texas

Best home insurance companies in South Dakota
Best car insurance companies in South Dakota

Company	AM Best	NAIC	Average annual premium	Insurance.com score
Auto-Owners	A++	0.33	$2,264	5.00
Farmers Mutual Ins Co of NE	A	0.13	$3,005	4.79
North Star Mutual	A+	0.72	$2,431	4.29
American Family	A	0.37	$3,465	4.17
Allstate	A+	0.9	$2,698	3.80
State Farm	A++	0.95	$3,029	3.63
Nationwide	A+	0.87	$3,105	3.63
Farmers	A	0.54	$4,791	3.21

Company	AM Best	J.D. Power by state	NAIC	Average annual premium	Insurance.com score
Auto-Owners	A++	829	0.5	$2,566	3.46
Nationwide	A+	792	0.64	$1,526	3.4
State Farm	A++	833	0.7	$2,096	3.28
Allstate	A+	806	0.65	$2,070	3.12
Geico	A++	819	0.91	$2,384	2.9
Farmers	A	819	0.8	$2,207	2.83
Progressive	A+	803	0.65	$3,163	2.52

Home and auto bundle insurance in South Dakota cities

Where you live in South Dakota will impact what you pay for an auto and home insurance bundle. Take a look at average home and auto insurance bundles by city below.

City	Auto & home after discount	Auto & home before discount	$ Difference	% Difference
Allen	$5,404	$6,454	$1,050	16%
Arlington	$3,697	$4,378	$681	16%
Artesian	$3,671	$4,364	$693	16%
Beresford	$3,132	$3,740	$608	16%
Bonesteel	$3,529	$4,147	$619	15%
Brookings	$3,512	$4,157	$645	16%
Cavour	$3,132	$3,740	$608	16%
Chamberlain	$3,599	$4,491	$893	19%
Eureka	$3,225	$4,183	$958	22%
Fort Thompson	$3,529	$4,147	$619	15%
Gettysburg	$3,873	$4,631	$759	16%
Highmore	$3,769	$4,424	$655	15%
Iroquois	$3,132	$3,740	$608	16%
Pierre	$3,756	$4,425	$669	15%
Sioux Falls	$3,963	$4,655	$691	15%
Stickney	$3,132	$3,740	$608	16%
Vermillion	$3,778	$4,875	$1,097	22%
Watertown	$3,469	$4,141	$672	16%
Webster	$3,722	$4,639	$917	20%
Winner	$4,271	$5,125	$853	16%

How does bundling home and car insurance work?

The concept of bundling is pretty basic. You buy more than one type of insurance from the same company and, in exchange for the increased business, the insurance company gives you a discount. And there’s an additional benefit for the insurer for offering bundles: Customers who bundle are more likely to renew their policies.

You typically get discounts on both car insurance and home insurance when you bundle coverage. The discount isn’t equal for both policies. Each insurer has its own discount formulas. Companies may offer a bigger discount on one than the other.

The pros and cons of home and auto insurance bundles

The biggest benefit of bundling your home and car insurance is a cheaper premium.

But keep in mind that you don't always save money by bundling. You could find a company with a low enough price on one of the two policies to result in more affordable overall rates than a bundle elsewhere. Here’s how that works:

If you pay $1,000 for car insurance from one provider currently and $1,200 for home insurance from another, the total is $2,200.
Let's say, however, you decide to get your home insurance from your car insurance company. The price is $1,500 for the new home insurance policy, $300 more than what you pay right now.
The new combined price would mean a $300 increase, totaling $2,500.
You would need a bundling discount of $400 or so, at minimum, to decrease the total bundle rate by enough money to save when compared to the price you currently pay for the separate policies.

Bundled rates aren't always cheaper in absolute terms. This is why you should carefully compare what you pay for separate policies now to quotes on home and car insurance bundles.

Should you bundle home and auto insurance in South Dakota?

Prior to signing up for an auto and home bundle, it’s important to shop around. Bundling your car and homeowners insurance has many advantages; you only have to deal with a single company and with a single bill and you typically get a discount on both policies. However bundling isn’t always the best deal.

Some companies have cheap car insurance rates but less competitive home insurance rates, and vice versa. You might pay less overall by choosing two different companies for your insurance.

Shop around and evaluate South Dakota car insurance rates on an individual basis and with a bundling discount to make sure you’re getting the best deal before you buy.

Methodology

In the spring of 2023, Insurance.com analyzed rate and discount data from Quadrant Data Services. The rates, from 2022, are the most recent available to Insurance.com and are based on a 40-year-old male driver with a 12-mile daily commute, good credit and a clean driving history. Rates were fielded for a full-coverage policy (100/300/100 with a $500 collision and comprehensive deductibleThe deductible is the amount you pay out of pocket for a covered loss when you file a claim.). Homeowners insurance rates are based on $300,000 in dwelling coverage with $300,000 in liability and a $1,000 deductible.

FAQs: Home and auto insurance bundling

Below are answers to common questions about bundling home and auto bundles and other multi-policy discounts that can save you money on your insurance.

What information do you need to bundle your policies?

To bundle your policies you will need all of the details for both the cars and the home you want to insure. That includes VINs, driver information and details about the home. Your current home and auto policies will list this information for easy reference.

Which insurance companies bundle home and auto insurance?

Almost every insurance company offers a bundling discount, often called a multi-policy discount. Multi-policy discounts aren't just for auto and home. They often include other home insurance policies like renters and condo, as well as motorcycle insurance and in some cases life, RV, boat, and others.

What type of insurance policies can I bundle?

Multi-policy discounts can also apply to other types of insurance policies that you buy from the same insurance company. Depending upon the insurer, you may also be able to bundle these types of insurance policies:

Condo
Renters
Motorcycle
RV
Life

Some auto insurance companies don't write homeowners insurance, but some may align themselves with a home insurer to offer a discount. Ask your agent or customer service representative to see if you can bundle multiple insurance policies.