The Best Cheap Renters Insurance in South Dakota (2025)
State Farm has the best cheap renters insurance in South Dakota for most people. A policy costs $9 per month, on average.
Compare Cheap 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.
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 | $9 | |
| Amica | $14 | |
| Progressive | $18 | |
| Assurant | $23 | |
| Farmers | $32 | |
Best renters insurance for most people: State Farm
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Editor's rating
- Cost: $9/mo
State Farm has cheap rates and good renters insurance coverage.
Pros:
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Cheapest average rates in SD
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Good coverage options
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Local agents available
Cons:
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Fewer discounts than some companies
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Customer service depends on your local agency
State Farm has the best renters insurance in South Dakota for most people. Its plans are cheap, with an average rate of just $9 per month, so it's great if you're on a budget.
State Farm also has cheap car insurance in South Dakota, making it a great choice if you want to bundle your car and renters insurance.
State Farm has local offices across South Dakota. If you prefer to talk with an agent in person to guide you through your insurance decisions, State Farm is a good option. However, while the company has good customer service overall, the customer service you get with State Farm can depend on your local agent.
State Farm has good coverage options for its renters insurance policies. Water backup coverage can help protect your stuff from damage if a sewer or drain line backs up, for example, and identity theft coverage can help pay to restore your identity if it's stolen.
But State Farm doesn't have as many discounts as some other companies. This might not be an issue because its rates are so cheap. But if you want to add discounts to your policy, Progressive is a better option.
Best renters insurance customer service: Amica
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Editor's rating
- Cost: $14/mo
Amica has excellent customer service and cheap rates for renters insurance.
Pros:
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Good customer service
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Cheap rates
Cons:
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No local agents in SD
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Few extra coverage options
Amica has excellent customer service for its renters insurance policies. It also has the second-cheapest average rates in South Dakota, with a policy costing an average of $14 per month.
Amica's customer service is strong, but the company has no local agents in South Dakota. You have to handle all your changes, questions and claims either by phone or online. If you prefer to handle your insurance in person, State Farm is a better choice.
Amica has a few extra coverage options to help you personalize your renters insurance, but you can get more options with other companies. You can add identity theft coverage and extra coverage for valuable items like jewelry. But Amica doesn't let you add coverage for damage caused by pets, for example, or for damage caused by mold.
Best renters insurance discounts: Progressive
-
Editor's rating
- Cost: $18/mo
Progressive's discounts can help you get cheaper renters insurance.
Pros:
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Lots of discounts
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Cheaper-than-average rates
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Good extra coverage options
Cons:
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Low customer satisfaction
Progressive is a great option if you want to use discounts to get a cheaper rate. At $18 per month, Progressive's average rate is already lower than the state average. And if you can get one or more discounts, your cost might be even lower. You might save by bundling your car and renters insurance, getting a quote before you need your policy to start or paying your full yearly rate at once.
Progressive also has good coverage options that let you build a policy to your specific needs. One of the best perks is that all of Progressive's renters insurance policies come with replacement cost coverage. That means, when your stuff is damaged or destroyed, you'll get the actual cost to replace it with something similar, instead of the cost after wear and tear.
For example, a 10-year-old couch might only be worth $100. If your old couch is destroyed in a fire, a standard renters insurance policy would only give you $100 for it. A policy with replacement cost coverage would pay you the actual cost to go out and buy a similar new couch.
But Progressive doesn't have good customer service. That can be an issue if you have questions or need to file a claim. If you can, talk to other renters who have Progressive before you buy a policy, and ask about their experience with the company.
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.
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.