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South Dakota Home Insurance

South Dakota home insurance offers property damage coverage for your home. There are a few policies that offer coverage to single family homes. The basic HO-2 policy covers damages cause by fire, smoke, vehicle damage, aircraft damage, water overflow from water heaters and air conditioners, theft, vandalism, explosions, and damages caused by riots. But that policy does not offer bodily injury liability. The HO-3 policy offers that protection as well as added property damage coverage. If you bought your South Dakota home with the help of a mortgage lender, they likely require you carry South Dakota home insurance for the duration of your loan.

South Dakota Home Insurance Coverage

In South Dakota, homeowners file claims for damages caused by fires, hailstorms, heavy snow, vehicles, and ice-storms. The state’s premiums can increase or decrease from year to year depending on the number of claims in the area. Many homeowners do not realize their South Dakota home insurance will not cover damages caused by floods. Additional flood insurance covers costs arising from flood waters. For a complete list of what will not be covered, review the “exclusions” section of your policy.

South Dakota Home Insurance Rates

South Dakota home insurance rates were below the national average in 2003. The average cost of homeowners insurance was $557. The rates rose 35.9% from 2001 to 2003. The rates rise in states due to the number of claims from the previous year and the cost do business in the state.

Saving Money

South Dakota homeowners may wish to lower their insurance premium. There are a few ways to decrease your premium with little to no work. A homeowner can receive discounts from insurance companies by installing storm shutters, reinforcing a roof, and using higher grade materials when building a home. Also, most companies offer a discount when you buy more than one policy through them. Of course, South Dakota home insurance rates can be lower from company to company, so it is always good to shop around before buying.

South Dakota Department of Insurance

Division of Insurance
445 East Capitol Avenue
Pierre, SD 57501
Phone: 605-773-3563


For other South Dakota Insurance Resources, See:


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