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Condo insurance isn’t required by law in South Dakota, but your mortgage company likely requires it. Condo insurance is a home insurance policy that covers everything inside your condo, while the homeowners association’s insurance covers the outside of your building and common areas.

Depending on your HOA’s rules, your condo insurance may cover not only personal property, but also provides dwelling coverage known as building property coverage, for the interior of the structure. Make sure you know how much condo insurance you need before you buy condo insurance.

To find the best condo insurance in South Dakota, we’ve gathered data on the top companies. Below you’ll find a list of the best condo insurance companies in South Dakota with average annual rates.

Key takeaways

  • The residents of South Dakota pay an average of $347 per year for condo insurance for a coverage level of $60,000 for personal property, $300,000 for liability protection with a $1,000 deductible.
  • Based on the analysis by Insurance.com, USAA is the top pick for the best condo insurance company in South Dakota.
  • Farmers Mutual Ins Co of NE offers the cheapest condo insurance in South Dakota at an average of $277 per year.

Best condo insurance companies in South Dakota

In South Dakota, you have a lot of options when it comes to finding the best condo insurance company. To make your task easier, our insurance experts have analyzed premiums, coverage offerings, J.D Power score and customer satisfaction ratings of major insurers in South Dakota. Below are the best condo insurance companies in South Dakota based on Insurance.com’s analysis.

CompanyJ.D. Power ScoreAM Best RatingAverage rating (out of 5)
USAA884A++
4.4
State Farm829A++
4.3
Allstate815A+
3.7
Auto-Owners825A++
3.4
American Family842A
3.1
Farmers792A
2.7
Nationwide816A+
2.6

Average cost of condo insurance in South Dakota

The average cost of condo insurance in South Dakota is $347 a year or $29 a month with $1,000 as deductible, $60,000 in personal property coverage, and liability coverage of $300,000. Your average annual premium will vary depending on your location, the coverage limits you select, and the deductible amount among other factors.

To find the most affordable policy for your situation, compare quotes from multiple providers based on the coverage you need.

Average Annual PremiumAverage Monthly Premium
$347$29

CONDO INSURANCE CALCULATOR

Average condo insurance rates in SOUTH DAKOTA

$60,000
$1,000
$100,000
57714 - Allen
Personal Property Coverage $60,000, Deductible $1,000 and Liability $100,000.

AVERAGE RATE: $420

HIGHEST RATE: $1,155 LOWEST RATE: $172

Most & least expensive zip codes for condo insurance in South Dakota

Most Expensive

Zip CodeCityHighest Rate
57078Yankton$430
57773Pringle$428
57439Ferney$428
57719Box Elder$427

Least Expensive

Zip CodeCityLowest Rate
57317Bonesteel$401
57529Dallas$401
57528Colome$401
57523Burke$401

Condo insurance rates by company in South Dakota

Rates for condo insurance by company in South Dakota vary. It’s important to shop around and compare quotes to find the best price. 

In the table given below, you’ll see condo insurance rates for major companies in South Dakota. The cheapest company for condo insurance in South Dakota is Farmers Mutual Ins Co of NE. State Farm, and North Star Mutual, are the second and third cheapest options.

CompanyAverage Annual Rate
Farmers Mutual Ins Co of NE$277
State Farm$288
North Star Mutual$290
Iowa Farm Bureau$293
Allstate$298
Farmers$348
USAA$376
American Family$391
Auto-Owners$404
Nationwide$458

Methodology

Insurance.com compared condo insurance rates provided by Quadrant Data Solutions in 2022 for $60,000 of personal property coverage with a $1,000 deductible and $300,000 of liability coverage for all available ZIP codes and with a good credit score. The content was updated in 2023.

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