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: May 5, 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.
South Dakota Renters Insurance Quote Estimates
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Rates updated:
May 23, 2025
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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.
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:Results filtered by:
Select
Coverage Level:$50K Personal Property / $100K Liability
Select
Deductible:1000
Select
Claims History:Claim free for 5+ years
Select
Contents Replacement:Yes
Select
Credit Tier: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.
Use the table below to filter factors affecting renters insurance rates and find average rates for your profile.
Data filtered by:Results filtered by:
Select
Coverage Level:$50K Personal Property / $100K Liability
Select
Deductible:1000
Select
Claims History:Claim free for 5+ years
Select
Credit Tier:Good
Select
Contents Replacement: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:
- 1
Determine 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.
- 2
Research 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.
- 3
Compare 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.
- 4
Consider bundling
See if your auto insurer offers discounts for adding renters insurance. Bundling often reduces total insurance costs.
- 5
Compare 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.
- 6
Compare 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
Here are risks specific to South Dakota renters and additional coverage considerations:
- Weather risks: South Dakota is at high risk of tornadoes and wildfires in certain areas. Standard coverage may not include protection for these threats, requiring a separate purchase.
- Crime risks: South Dakota ranks 28th nationwide for property crime and 50th for identity theft and fraud. Consider add-ons and supplemental property damage coverage.
- Pet ownership: Depending on your pet, consider pet liability coverage. Check how pet coverage works with different providers and whether it's included in standard policies.
- Property types: If you have special tools, valuables, electronics or other structures like a pool that need coverage, standard policies may not suffice. Look for companies with specific add-ons for additional protection.
How Does Renters Insurance Coverage Work?
Renters insurance typically covers property damage, liability, and loss of use related to your rental. Add-on coverages can make protection more comprehensive. Common coverage types include:
Coverage Type | Standard or Add-on | Coverage Details |
|---|---|---|
Standard | Reimburses and replaces personal property within your rental up to specified limits. Standard coverage reimburses actual cash value rather than purchase price, unless you have replacement cost coverage. | |
Standard | Covers you if someone gets injured on your property, including medical and legal costs, and is often required by landlords. | |
Additional living expenses | Standard | Covers expenses due to rental home loss, such as meals, lodging and transportation. Coverage is either a percentage of your personal property limits or a flat amount. |
Natural disasters | Add-on | Separate policies for earthquake and flood coverage available with select providers |
Parts/Equipment | Add-on | Separate policies for tools, appliances and utilities in your rental |
Scheduled property | Add-on | Insures specific valuable items up to certain amounts |
Identity theft | Add-on | Protects financially against identity theft, covering stolen funds and legal costs. May include monitoring services. |
Pet liability | Add-on | Protects against injuries caused by your pet on rental property. May be covered in standard policies. |
Modifications | Add-on | Covers non-original rental property parts, including custom additions and modifications |
Food loss | Add-on | Reimburses food lost due to covered incidents |
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!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.
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.