Renters insurance in South Dakota: Cost, best companies and how to save

What is the average cost of renters insurance in South Dakota?

The average cost of renters insurance in South Dakota is $188 per year. Rates vary depending on factors like your location, the amount of coverage you choose, your deductible, and your claims history.

"The number one thing that's most important is to get good liability. A renter's policy will default to $100,000 liability," Josiah Hatch, an insurance pro with Bender Hatch Insurance in Boston, said. "It costs next to nothing to go from $100,000 to $500,000. I want to say it's probably 10 bucks a year. It's really cheap to get a lot of extra coverage. I always recommend getting the most liability you can because that's, at its core, what insurance is all about: the worst-case scenario."

Average annual premium	$188
Average monthly premium	$16

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Best renters insurance company in South Dakota: Auto-Owners

Auto-Owners ranks as the best renters insurance company in South Dakota, earning a top score among the carriers we surveyed. Its average rate is $159 per year.

Farmers Mutual Ins Co of NE and Nationwide are also among the top insurance companies for renters insurance in South Dakota.

Rates differ widely between renters insurance providers, so it's best to shop around. It's also important to choose an insurance company with a good reputation so you know it will be there for you when you need it.

To help you choose the best renters insurance in South Dakota, we reviewed average rates, NAIC complaints, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.

Below are the best renters insurance companies in South Dakota.

Company	Average annual premium	AM Best	NAIC	Insurance.com rating
Auto-Owners	$159	A++	0.33	5
Farmers Mutual Ins Co of NE	$229	A	0.13	4.52
Nationwide	$149	A+	0.87	4.4
State Farm	$115	A++	0.95	4.36
Allstate	$144	A+	0.9	4.08
Farmers	$200	A	0.54	4.08
North Star Mutual	$192	A+	0.72	3.93
American Family	$263	A	0.37	3.78

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Cheapest renters insurance in South Dakota

Our analysis shows that State Farm is the cheapest renters insurance company in South Dakota, with an average annual premium of $115.

Renters insurance rates can differ greatly between providers, so it's best to compare quotes to find affordable coverage that meets your needs.

Here is the list of the cheapest renters insurance companies in South Dakota along with their average annual premiums.

Company name	Average annual premium
State Farm	$115
Allstate	$144
Nationwide	$149
Auto-Owners	$159
Iowa Farm bureau	$160
North Star Mutual	$192
Farmers	$200
Farmers Mutual Ins Co of NE	$229
American Family	$263

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South Dakota renters insurance: The least and most expensive ZIP codes

Your location in South Dakota directly impacts the cost of renters insurance. The most expensive ZIP code in South Dakota is 57719, with an average annual premium of $202. This amount is $14 more than higher than the state average.

In contrast, the least expensive ZIP code for renters insurance is 57007, offering coverage at $186 a year.

The table below shows the most and least expensive ZIP codes in South Dakota for renters insurance.

Best home insurance companies in Texas

Most expensive ZIP code
Least expensive ZIP code

ZIP code	Average annual rate
57719	$202
57702	$201
57718	$200
57701	$199
57639	$192

ZIP code	Average annual rate
57007	$186
57701	$199
57718	$200
57702	$201
57703	$201

Renters insurance cost in South Dakota by city

In South Dakota, renters insurance rates vary across cities due to factors such as weather risks, crime rates, and other factors. To get the best deal in your city, Compare quotes from several insurers before selecting a policy, so they weigh each factor differently.

City	Annual insurance premium
Aberdeen	$183
Brookings	$183
Huron	$183
Mitchell	$184
Pierre	$183
Sioux Falls	$186
Spearfish	$186
Watertown	$186
Yankton	$189

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How to save on renters insurance in South Dakota

There are several easy ways to lower the cost of renters insurance in South Dakota without losing necessary coverage:

Bundle your policies. Many insurance companies offer a discount if you buy renters and auto insurance together.
Increase your deductible. Choosing a higher deductible will lower your monthly or yearly premium; just ensure you can afford it.
Ask about discounts. Most providers offer savings for things like smoke alarms, security systems, or being claims-free.
Compare quotes. Prices can vary widely between companies, so getting quotes from multiple insurers can help you find the best deal.
Pay annually. Some insurers offer a small discount if you pay once a year instead of monthly.

Methodology

Insurance.com compared renters insurance rates provided by Quadrant Information Services for $40,000 personal property coverage with a $1,000 deductible and $100,000 liability coverage for all available ZIP codes based on a renter with good credit. To rank the best insurance companies, we gathered AM Best financial stability ratings, where an A++ is the best possible score, and National Association of Insurance Commissioners (NAIC) complaint ratios, which compare the number of complaints a company receives to the anticipated complaint volume based on market share. These factors were used along with rates to find the best companies overall.

FAQ: South Dakota renters insurance

Do I need renters insurance in South Dakota?

Renters insurance isn't required by law, but your landlord may require you to purchase a policy as part of your lease agreement.

How much renters insurance do I need in South Dakota?

You should make sure your personal property coverage is sufficient to replace all of your belongings at replacement cost; there is no minimum requirement.