The Best Cheap Renters Insurance in South Dakota
State Farm has the best cheap renters insurance in South Dakota for most people. A policy costs $9 per month, on average.
Compare Renters Insurance Quotes in South-Dakota
Best Cheap Renters Insurance in South Dakota
To find the best and cheapest renters insurance in South Dakota, ValuePenguin reviewed 149 quotes from six of the largest renters insurance companies. Our experts rated the companies after reviewing price, coverage options and customer service.
See our full methodology.
Cheapest renters insurance companies in South Dakota
State Farm sells the cheapest renters insurance in South Dakota, with an average rate of $9 per month.
That's less than half of the average cost of renters insurance in the state, which is $22 per month.
Cheap renters insurance quotes in South Dakota
Compare Cheap Renters Insurance Quotes in South Dakota
Amica isn't as cheap as State Farm, but it could be a good choice if you're looking for excellent customer service. And Progressive has lots of discounts that can help you get a cheaper rate.
Cheap renters insurance quotes in South Dakota
Company | Monthly cost | ||
|---|---|---|---|
| State Farm | 4.5 out of 5 | $9 | |
| Amica | 4.0 out of 5 | $14 | |
| Progressive | 2.5 out of 5 | $18 | |
| Assurant | 3.0 out of 5 | $23 | |
| Farmers | 3.5 out of 5 | $32 | |
Best renters insurance for most people: State Farm
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Cost$9/moThis analysis used renters insurance quotes for 25 ZIP codes across South Dakota. Read our methodology.
Best renters insurance customer service: Amica
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Cost$14/moThis analysis used renters insurance quotes for 25 ZIP codes across South Dakota. Read our methodology.
Best renters insurance discounts: Progressive
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Cost$18/moThis analysis used renters insurance quotes for 25 ZIP codes across South Dakota. Read our methodology.
South Dakota renters insurance costs by city
Hot Springs, SD has the highest renters insurance rates among the state's larger cities. A policy costs $29 per month, on average.
Renters in Hartford, SD, to the northwest of Sioux Falls, pay the lowest average rates at $19 per month.
Renters insurance rates change based on where you live. You might pay more if you're in an area where the cost of living is higher, or if you're far away from a fire station, for example.
City | Monthly rate | % from average |
|---|---|---|
| Aberdeen | $21 | -1% |
| Belle Fourche | $22 | 0% |
| Box Elder | $22 | 0% |
| Brandon | $24 | 11% |
| Brookings | $21 | -2% |
How to get the best renters insurance in South Dakota
To get the best renters insurance, you have to first decide what kind of coverage you need. Once you know that, you can shop around to find the best company for you.
Decide how much coverage you need. You can do this by making an inventory of your belongings and estimating their values. Include things like clothes, furniture, books and electronics. When you have an idea of the cost to replace your things, you'll know how much personal property coverage you need.
Keep in mind that you'll likely also need at least $100,000 in personal liability coverage. Liability coverage protects you from lawsuits when someone is hurt or their things are damaged on your property. Most landlords require you to have at least $100,000 in liability coverage.
Shop around. Every insurance company charges different rates for renters insurance. Shopping around lets you compare the quotes you get, so you get the coverage you need at the best rate. You can also compare coverage options and discounts so you can build a policy that works for you.
It's also important to review customer service ratings. That way, you find a company that is easy to work with and can help guide you when you have questions or problems.
Ask about discounts. Most renters insurance companies have discounts that can help you get a cheaper rate. One of the biggest discounts is bundling your car and renters insurance, which just means buying both policies from the same company.
You might also save by paying your yearly rate in one payment, buying your policy online and signing up for paperless bills and statements.
What does renters insurance cover in South Dakota?
No matter where you live, you should make sure your renters insurance covers you against the most common types of damage. In South Dakota, that's usually damage caused by wind and water.
Does renters insurance in South Dakota cover wind?
Renters insurance covers damage caused by wind. Wind can cause issues for renters when it damages the outside of rented homes or apartment buildings. Rain can then enter through the damaged areas and affect the stuff in your apartment.
Does South Dakota renters insurance cover water damage?
Renters insurance covers some types of water damage. If a pipe bursts and the water damages your furniture, for example, you're covered. And if you have a water backup option on your policy, you'll be covered if a sewer or drain line backs up and causes damage. Water damage is also covered when it's caused by rain that comes into your apartment.
But renters insurance almost never covers damages from floods. Some companies may be able to add flood coverage to a renters policy, but it's rare. You usually need to buy a separate flood insurance policy.
South Dakota renters insurance trends
Renters insurance prices have gone up 13.3% in South Dakota over the last six years.
South Dakota renters insurance rates went up between 1.0% and 47.4%, depending on the company, over the last six years.
Renters insurance prices, on average, actually decreased by 0.1% in 2020, but then saw a slight uptick of 9.3% across 2023 and 2024.
Among the major SD insurers, the biggest increases have been at Farmers (47.4%), Travelers (36.8%) and American Family Insurance (33.0%).
Renters insurance rate change data was compiled using RateWatch from S&P Global, which uses information from the National Association of Insurance Commissioners (NAIC).
Frequently asked questions
What is the best cheap renters insurance in South Dakota?
State Farm sells the best and cheapest renters insurance in South Dakota for most people. A State Farm policy with $30,000 in personal property coverage costs an average of $9 per month. You might be able to get an even cheaper rate by bundling your car insurance with State Farm.
How much is renters insurance in South Dakota?
On average, renters insurance in South Dakota costs $22 per month for $30,000 in personal property coverage. Your rate depends on how old you are, if you have any renters insurance claims on your record, how much coverage you need and where you live.
Is renters insurance required in South Dakota?
The state of South Dakota doesn't require renters insurance by law, but most landlords and apartment complexes require that you have a policy. Usually, you need to show that you have a policy with at least $100,000 in personal liability coverage to satisfy the requirements.
How much is renters insurance in Sioux Falls?
Renters insurance in Sioux Falls, SD costs $22 per month, on average. That's in line with the state average rate in South Dakota.
Methodology
To find the average cost of renters insurance in South Dakota, ValuePenguin got quotes from six of the largest renters insurance companies in 25 of the biggest cities in the state. The quotes are for a 30-year-old single woman who has not filed any renters insurance claims and has the following coverage:
- Personal property: $30,000
- Loss of use: $9,000
- Liability: $100,000
- Medical payments: $1,000
- Deductible: $500
The price you pay for renters insurance will depend on your age, where you live, how much coverage you need and your claims history. The rates in this article are for comparison only; your rates will likely be different.
ValuePenguin chose the best renters insurance companies in South Dakota based on a review of each company's rates, coverage options, discounts and customer service. Company ratings include info from the National Association of Insurance Commissioners, J.D. Power and ValuePenguin's own editor's ratings.
About the Author
Senior Writer
Cate Deventer is a Senior Writer who specializes in health insurance, Medicare, auto and home insurance. She's been a licensed insurance agent since 2011.
She started her insurance career working as a customer service agent for State Farm. She later moved to an independent agency, where she worked with several insurance companies and hundreds of clients. She quoted policies, filed claims and answered insurance questions. In 2021, she pivoted her career and began writing about insurance for Bankrate. She moved to ValuePenguin in 2023 and began writing about health insurance and Medicare.
Cate has a passion for helping readers choose insurance to fit their needs. She enjoys knowing that her research and knowledge help people choose insurance products that make a positive difference in their lives.
How insurance helped Cate
Cate used her health insurance knowledge to navigate a surgery in 2023. Understanding how her policy worked let her focus on recovery instead of worrying about bills.
Expertise
- Health insurance
- Medicare & Medicaid
- Auto insurance
- Home insurance
- Life insurance
Credentials
- Licensed Life, Accident & Health Insurance Agent
- Licensed Property & Casualty Insurance Agent
Referenced by
- CBS
- NBC
- Wall Street Journal
Education
- BA, Theatre, Purdue University
- BA, English, Indiana University
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.
